The crypto space must be sanitized

[OluwaTosin10]

A decentralized ecosystem means anyone can choose what they prefer
Which is why any one can wake up today and create a new token

It is up to us to choose which and deuce who to invest upon

[1714985310]

1714985310

[1714985310]

1714985310

[starblocks]

The cryptocurrency crowd funding industry has gained a tarnished reputation over the past couple of years due to an abundant amount of scams, ponzi schemes, and projects that don't deliver on their promises and a lot of this has to do with a lack of awareness so it's very important for investors to conduct their own thorough research and due diligence with each offering whether it be an ICO, IEO or STO and not just rely on benchmarks, hype or the latest launchpad to ensure the investment is worthwhile

[smyslov]

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.

I prefer trusting ICOETHICS list than ICOBENCH list, but for now this is the only resources we have to pinpoint trusted sites, I do not and never trust these ICO rating sites, they don't live up to their name, they charge payment to get a premium listing without doing a research if they are listing scam ICO, all they care is money.

[auntyjmary]

It is necessary to clean the market from bad coins for nothing, because they prevent many players from focusing on making profits.
Newbies without experience can even invest in them and lose money in vain.

The cryptosphere does not have a central regulatory body hence it is not easy for clear systems to be put in place to control activities. Due to this peculiar problem, it is  up to crypto enthusiasts and investors to be circumspect in whatever project they want to participate in.

[jumiapaul]

I'm in full support of the sanitisation of the cryptocurrency space. There are so many scam ICO and this has discouraged the investing public. I believe with a structured body or organisation handling the projects embarking on ICO, there will be some extent of sanity in the system. IEO is a good development and we need much more concepts.

[cupruri]

I have the same opinion and think that we should eliminate at least 50 percent of all existing projects. Besides, I think only projects that have already revealed their working product should stay,  because without a product they do not have a real value.

[fortunecrypto]

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.

You mean another rating sites to rate this incoming and ongoing ICO, never mind they contributed to this mess, rating sites are paid promotional arm of these ICO's and I don't want to see another one because they can be bribed the temptation is so high.

[nwosuchristabe2]

There's being several cases of scam and hacking of accounts and exchange lately. The issue of scam ICO can be eliminate or reduced by the creation of a organisation to review ICO and projects before floating to the public for subscription or purchase.

[tonibyuzen]

I think that many of us will agree that a body that would regulate cryptocurrencies and conduct an independent evaluation of ICO projects is extremely necessary. But for this, I believe that international cooperation and the creation of a single Council to regulate new projects in the field of cryptocurrency and blockchain are necessary.

[traderethereum]

But the problem is how they can monitor all of the ICO because we know that in almost every day, new ICO will launch and it will need time to control, manage, or even to give a warns to them if they are doing a suspicious project. It will require more effort from all of the organization to handle the project so we can know which ICO that potential to scam people and we can prevent them before they scammed people.

[Iyeman]

But the problem is how they can monitor all of the ICO because we know that in almost every day, new ICO will launch and it will need time to control, manage, or even to give a warns to them if they are doing a suspicious project. It will require more effort from all of the organization to handle the project so we can know which ICO that potential to scam people and we can prevent them before they scammed people.

Basically just created a verification platform for ico will solve all of these problems. We need a trusted party to provide a service like this one. Those icos must be verified to make sure there will be no scam ico in the future.

[justdimin]

The cryptocurrency crowd funding industry has gained a tarnished reputation over the past couple of years due to an abundant amount of scams, ponzi schemes, and projects that don't deliver on their promises and a lot of this has to do with a lack of awareness so it's very important for investors to conduct their own thorough research and due diligence with each offering whether it be an ICO, IEO or STO and not just rely on benchmarks, hype or the latest launchpad to ensure the investment is worthwhile

We can’t really conclude that all investors that has been a victim of scam didn’t conduct their proper research before investing, as far as the crowd funding is in form of ICO and not IPO, any research you will do on such ICO is based on the whitepaper presented and can never come in form of physical verification since the location of the project we are investing in might even be as far as another continent, it is anything we find on the internet we believe and will be difficult to really filter which one is true or not because virtually all the whitepaper of these projects looks very good and the team looks serious on paper.

[asdlolciterquit]

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.

i like your idea, but i see in it some problem.
First of all, who will be the "trusted body", and why devs can't simply lie or fake when they claim their integrity?

[imstillthebest]

Basically just created a verification platform for ico will solve all of these problems. We need a trusted party to provide a service like this one. Those icos must be verified to make sure there will be no scam ico in the future.

That is already happening bro . cant you see there are sites that caters ico listings ? Those sites also provides info and reviews where you can see if the ico is verified or not  but the problem is that we dont know if they are telling lies or not . the owner of the site might only being paid to promote the ico and the ico itself could also be a lier   . its really hard to combat scamming and frauds nowadays  .

[Mrsparks]

I approve of your suggestion..Something like an alliance  will make a lot of sense.. Although it's almost  impossible to stop developers from launching ICO but the verification of a liason body will go a long way in sanctifying the crypto space..

[spike420211]

If we really want to influence the situation, then our main task should be screening and identifying scam projects, we should be a wall between fraudsters and investors, we should help investors to direct funds to those projects that can improve the entire market.

[cytpoway121]

If we really want to influence the situation, then our main task should be screening and identifying scam projects, we should be a wall between fraudsters and investors, we should help investors to direct funds to those projects that can improve the entire market.

Screening and identify scam projects with good research is best idea
But hopefully not, we would have to figure out both scam ieo and icos in the near future

What exactly can end the cheating of investors

[Averim]

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.

It is true, for a healthy life there is a need for clean spaces, the same goes with the market.

[ifykiki]

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.

Very good points but no matter how we purge the crypto space of unwanted weeds, they somehow keep crawling back so we need a permanent solution.

[awawo]

The cryptocurrency crowd funding industry has gained a tarnished reputation over the past couple of years due to an abundant amount of scams, ponzi schemes, and projects that don't deliver on their promises and a lot of this has to do with a lack of awareness so it's very important for investors to conduct their own thorough research and due diligence with each offering whether it be an ICO, IEO or STO and not just rely on benchmarks, hype or the latest launchpad to ensure the investment is worthwhile

Yes you are very correct the ICO market have been flooded with lots of scams and the failure of most ICO to meet up with they investors expectations most of the ICO in 2018 have recorded lots of losses due to high rate of scam and that have given the entire cryptocurrency industry a bad reputation.