ICO New format scam

[BoxerRobert]

Hai guys now days people are really  depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.


1) ICO Stopped or Paused

2) Refund - When  eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .

3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .


ex:
 Trecento , Humancoin ,Vanig and etc.

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[TechComputer]

Better to avoid most of the ICO nowadays since there is just a bearish signal everywhere so you won't get scammed. 

[coin-investor]

Hai guys now days people are really  depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.


1) ICO Stopped or Paused

2) Refund - When  eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .

3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .


ex:
 Trecento , Humancoin ,Vanig and etc.

That's true and a sad reality, you bought eth at a much higher price and get a refund 10 to 15% lower, the value of Eth this will get investors thinking if this is the right time to invest, because the market is very bearish and ICO are the ones getting harm by this bearish market.

[patz22]

First of, maybe Im too lazy to search for those project to find out if they're scam. So can you at least give proofs?
1. ICO being stopped or paused basically due to this kind of market wherein people are afraid to invest or they're holding since they've lost too much
2. Probably they might got those contributions in that amount but it doesn't mean that they waited this long (eth @less than 100) to process a refund but what if it went up? Unless they already sold it before into usdt,  again proofs?
3. I agree with this but still there's a possiblity that it is still because of bear market wherein if they got lets say eth @300 and now since it is cheap they cannot pursue since they're holding small amount.

That's my opinion regarding this topic.

[TheWalkingCoin]

When you got an ICO investment have stop or paused you can try joined and invest at other ICO, never joining an ICO investment or bounty campaign have paused or stop because never continue for selling their ICO coin investment.

[1993jochico]

Thats why everyone needs to be more careful on investing on an ICO, this year there are more scam ICO's than the legit one if everyone will just be careful on what they are promoting or where do they invest there will be 0% of people get scammed and if there is no one to be scammed those crazy bastards that make scam ICO's will be tired and stop what they are doing.

[zupdawg]

That is part of investments, you could buy at lower price, invest and get higher value when crypto market goes up and vice versa. People should know the risks before investing their hard earned money. That is the sad reality today specially when market is falling

[Xiaolongnu]

You accept the risks when you're investing in an ICO. Any kinds of scam are just scam and you lose your money, ICO is like that. I hope next year with the widely adoption of STO will reduce scam projects and it will protect investors better.

[enhu]

So how is the bounty hunter reacting to such project and to the team?

Its likely to happen when projects has no product to show to the investors. This is why the SEC is pursuing to regulate this industry because of these teams. They make it looks like they aren't scamming because they are refunding.  Feel sorry, I have seen users promoting Vanig in our local section.

[Mt. Dempo]

Very sad and such actions are very detrimental to investors, developers are also very unprofessional and inconsistent. Therefore they will eliminate investor confidence and may worsen ICO credibility. I think all the developers of the project must be marked, so that they will not be trusted by the entire crypto community.

[BoxerRobert]

So how is the bounty hunter reacting to such project and to the team?

Its likely to happen when projects has no product to show to the investors. This is why the SEC is pursuing to regulate this industry because of these teams. They make it looks like they aren't scamming because they are refunding.  Feel sorry, I have seen users promoting Vanig in our local section.

Refunding also now part of scam only .Just think about math .If i send 200 usd to some ico they will do trade they will buy eth 90 USD means they will get 2.2 Eth . If they refund we will get same amount of coin but price value is very less.

[supermine]

Hai guys now days people are really  depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.


1) ICO Stopped or Paused

2) Refund - When  eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .

3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .


ex:
 Trecento , Humancoin ,Vanig and etc.

Atleast they are returning so we don't have to call it as scam.

They didn't collect the ethereum based on USD value,they are just returning the ethereum how much you send them before in crypto 1 ETH =  1 ETH always.

[TBboys]

To be honest, I felt some uneasiness about the ICO model from the beginning, because ICO lacks effective supervision. In my experience, any lack of supervision will eventually become a pond for scammers, but I did not think ICO died so fast, I thought ICO had at least 2-3 years of life.

[bamb]

At least, projects are not running away with your money. I have noticed that anything that do not favour some people is tagged as scam. Nobody forces you to invest, you invest out of your own volition and I am sure you are aware of the risk!

[Callanta787]

Since the market is so bad now I'd say its just better to avoid all ICOs for now ,start looking forward to next year maybe things will turn around ,even as a bounty hunter I might just stop taking part in one for now,this is why I still prefer coins than tokens ,erc20 tokens just suck big in this area and nothing can be done about it , I prefer normal coins than icos

[indriasyifa]

I think it's a policy of a Project, many projects that don't launch tokens if they don't reach the hard stamp, are a logical consequence in the ICO. investors experience losses or profits depending on the market itself.

[rosezionjohn]

Yeah I've thought about that one also.

The possible scenario is this:
1. Sell all collected coins at a higher price (for example $200/coin).
2. Delay the distribution of refunds and wait for the price to go down.
3. Buy back at a lower price ($100/coin for example).
4. Refund the same amount of coins to investors.

[dhiraj0977]

Only 10% of total ICOs launching able to list themselves in coinmarketcap and most of them 10% still struggle to survive or maintain their position.  This ICOs now days are nontrustworthy to participate for their campaiging. I was also part of scammed projects like Datareum, Parlaychain. Teams collected lots of money and just went away leaving the chat group as shit groups.

[tuthienloc92bk]

Refunding also now part of scam only .Just think about math .If i send 200 usd to some ico they will do trade they will buy eth 90 USD means they will get 2.2 Eth . If they refund we will get same amount of coin but price value is very less.

It is hard to consider that they are scam. As you said, they collected fund from investors then sell it for stable coin. Now they buy back ETH and refund to investor  My question is How did they know that ETH will down to 90$? If bull run happened, how to refund? Or will they disappear with those funds?

The bearish market is not expected, if investors are refunded at this time, just look as a bad investment.

[batang_bitcoin]

Dont invest in ICOs anymore so you wont get this type. of inconvenience. They are also adjusting though they reached their soft/hardcaps, they need to adjust so they can retain the value of their tokens.

Thats a bad thing that they are refunding through the number of eth but they cant do anything to it so better avoid these kind of icos.