The crypto space must be sanitized

[heritage35]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

[1714802618]

1714802618

[1714802618]

1714802618

[tangbori]

You have a good suggestion there, in order to curb all the scam ICOs all over the world, we must have regulatory bodies that will be in charge of ICOs. The will be responsible for scrutinising an ICO before they start fund raising. By doing this, we will surely be free from scam in crypto.

[vv181]

99 % of ICO is damned to fail, what can we expect?
ICO is indeed a good way to fund the project and gather around the community and but sadly there a lot of scammers uses it as a bad thing. we are rarely seeing an ICO that turns out successful, it makes the one who deserved it shall be rewarded.

[PowerLaunch]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

What you're proposing is a crypto-government -- In my opinion, this is the exact opposite of what is needed. I feel that giving a body the power of vetoing specific projects would lead to bias and power-control issues and ultimately be damaging to the trustless environment that blockchain is creating.

[Torps1]

You may be correct, however at this moment the investors have to be very vigilant while investing. It is no longer news that so many fraud are entering the system due to its current state.

[qazgroup]

Good initiative, i know a lot of more projects that aim to filter out quality and real ico projects and only list real ico projects on their platform, i think it is a good step for investor confidence but ultimately some regulator has to come up to verify and keep track of each ico in the market that want to raise funds.

[Utyg]

I think your theory is a little damp, so to speak. You didn't consider many subtleties of the offers. Namely, the possibility of their implementation. The founders of blockchain more than 10 years ago provided all possible weaknesses of the system.

[happyme1818]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

There is an ICO that I read before that wants to cater upcoming ICO and screen them to minimize ICO fraud. It has also a voting feature and ratings. I just can't remember the name of the project because it is a new project and I'm not sure if it is already launch.

[artem30011994]

You have a good suggestion there, in order to curb all the scam ICOs all over the world, we must have regulatory bodies that will be in charge of ICOs. The will be responsible for scrutinising an ICO before they start fund raising. By doing this, we will surely be free from scam in crypto.

but not all 100% we will be protected. After all, as practice shows, there will always be a person who will accept an envelope with a bubble and will do so that the project will not cause suspicion. I have nothing against regulation, on the contrary, only for this will we significantly reduce the scum but will not eliminate it as such

[pazzanegro]

Thats true for 100% . I would love to see only perspective and true projects, with ideas to improve crypto and technologies or else instead of greedy collecting eth

[temilade200]

Everything that seem difficult, most especially as regards having a trusted system. A system where investors will feel safe to invest. This will be achieved very soon through regulation. This will create an atmosphere that is not conducive for scam projects to strive.
By the time the regulation takes effect, then genuine ICOs will hqve investors willing to buy their ICOs or for those who are running STO.

[Flezy]

You said it all, good points. When one take a look at what is happening now, we might start wishing for regulation. Most ICOs have nothing to offer just to scam and take off while investors are at the receiving end. So there is need to sanitize this space.

[LickKing]

Yes, this has already happened, and Bitcoin continues to decline in the future, because there are still a lot of tokens worthless, this time maybe just a rebound, it will not let Bitcoin break through $4,300.

[Fluxtorrence9]

Current state or not we will always see scam projects preying on investors funds ,we investors are the ones to be careful and not fall victims to this scams and let's make sure we caution the newbies because they are the ones that easily fall victim ,tokens are not reliable anymore only 10% of them are good, ICOs should go through screening to limit frauds but I guess its not going to happen

[jpaul]

Well it is being sanitized right now since the coins have been going down the holders with the weak hands have been selling off their coins and leaving the market which is a good thing. A couple of more months of the bear market and most of the panickers would be gone and then it would only remain the people who truly believe in cryptos

[bartusv]

Some solution for ICOs is needed. Is it a regulatory body I do not know as I would not like to see
an over regulated ICO market . Have to find some self regulating solution, if any.

[dddudidd]

Such space should be facilitated by Bitcointalk and Cryptocurrency. because in my opinion the intelligence agency must indeed exist and be realized immediately.

[gostop]

I think the first clean-up work has ended and the cryptocurrency market has rebounded on the 17th of this month. But I am not sure how many times the cleanup plan will be implemented. Now maybe some viruses still exist and ICO fraud still exists.

[vigos]

I have a lot of ideas about the ICO market, but this has not changed the status quo of the ICO market. I think if the market wants to recover, then this requires the government to participate in regulation.

[ipsec]

YES, I would be happy if such a project existed. But at the moment I think people will not do it. Because they will not see their benefits. Why would someone give away information for free?