Is it true that 99% of ICOs are either failed or scam?

[pylus10]

I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

[fuer44]

I don't think so for all ico. if you look at the graph, the funds obtained by ico are currently decreasing dramatically, and I think that is a factor that makes competing with ico more and more. you are right if there is a large part of the development team that runs away in the middle of the road, but I'm not sure they bring a lot of money now. and there are still many ico who survive and the team is still solid to date.

[karagun125]

I believe that several ICO's are just fraud or scam. But not that high percentage you give, 99% is a huge number, because there are also not scam ICO's. We cannot generalized that ICO's are just scam, since some are not.

[batang_bitcoin]

True.

This isn't new anymore to the community. And you are aware of it as well that they are taking people's money for their very own interest. These scammers are just rinsing and repeating what they have been doing. If SEC gives any further rules to eliminate these scammers, they will be minimized.

[Maknae09]

I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

Not really 99 percent, but I do consider 85 percent of the ICO didn't really perform well in the market. Some are lost because they didn't keep track of their roadmap and maybe their team is incompetent enough to face the market that's why they lose.

[Alluro]

I think most ICOs are scams. But not all. In this year, collecting funds and run away is an old way to scam. Now, those scam ICOs are smarter than older scammers. Because they are collecting a large number of funds and they are listing small exchanges, some tokens listing in the ICO period and pump that token in that period, the project is not doing as promised, crypto influencers promoting scam ICOs. With those problems, we hard to choose a good project to invest mate. You have to do hard research to select a good project. In this year most ICOs were failed to give a good return on investment to investors.

[starblocks]

During 2017 when ICO's as a funding model gained popularity there were quite a large percentage that never delivered on what was promised or were straight out scams but that is starting to change with the industry now seeking to further legitimize itself in an effort to restore consumer confidence which should see improved opportunities for good quality projects from next year

[limtjoehua]

I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

To be honest that's their main goal, creating money is as easy as possible and enriching themselves. After ico finished they only updated a few times and after that they will leave the project. Indeed there are also projects that survive and make it to the top or popular of the coin, but only a few or a small portion.

[Jamesdila1]

not 99%. some projects are in hold because of this bearmarket. there were some exit scams too. but now we can see regulations are starting and lot more good things are happening.

[Endikadija]

I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

And then have you even considered almost all of the major coins have started from ico? and is there an opinion about that? They have got money and then disappear but that can be applied to the scam ico. Even some icos are still continuing the project whatever how much raised.

[Ronnes]

most of the ico are not scam they will collect large amount from us and they are listing in small exchanges.

[Mommynigabby]

I don't know with 99% but a lot have had a hard time reaching softcap, many of them have extended their tokensale,  but also a lot of them have managed and ended their ICO successfully. I'd say many of them too are scam and those that failed soft cap most probably have not promoted their product well enough.

[awakpane]

in my opinion it's not true if 99% of ico are scam. because there are still a lot of ico that are good even far more. it's true that there are ico who only collect money and after they get it they run away. hence the most important thing before we join an ICO, we need to analyze as well as possible the team and the vision and mission of an ico project.

[Haunebu]

It seems to be true at the moment due to the ongoing bear market op. The current market conditions have forced many ICOs to shut shop as soon as possible. 2017 was something different and is an exception in this case.

The percentage of ICOs that failed in 2017 was roughly around 60% in my opinion compared to the high percentage at the moment. There is no point investing into any ICO currently which is why I advise saving your money and you should look into investing when the market rallies like crazy in the future.

[Herbert2020]

i'd say 100% of them are useless and have absolutely no reason to exist!
the problem is not about them running away, the problem is that they give hyped up promises that they can not deliver. they know it, people who invest in it know it, only newbies don't know it. so they all become worthless and you can even call them scams because basically someone got paid for some hot air!

I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

And then have you even considered almost all of the major coins have started from ico? and is there an opinion about that? They have got money and then disappear but that can be applied to the scam ico. Even some icos are still continuing the project whatever how much raised.

when your pump and dump is successful, you stick around. as soon as you can no longer pump the coin like before you dump it and give up. eventually all of the creators move on to better things such as jobs with banks, government,... or start new coins to start pumping from scratch...

[l10no]

I can't say that is completely true, there may be some ICOs that are similar but they fulfill all promises to investors well, if you say so, have your results been proven very well? if yes, can you give an example of some ICO like you said

[andongdanisi]

This is true, for these reasons, the cryptocurrency market is getting worse because no investors are willing to suffer fraud! For this reason, they also started to stay away from crypto!

[globalking]

some of them are to be true many ICO'S are facing a lot of problems the present conduction is very crucial due to the drop in the price of many cryptocurrencies.

[sinkfish]

yes, you see how much bitcoin lose it value from ATH, thats basically how much  failed and scam coin valued.

[passeroutpass]

Of course, until the ICO market is not regulated there are a lot of scammers. you must be very attentive and learn how to identify such projects