Why ICO'S Scamed since last year

[TheBusstop]

The decentralized aspect of crypto made it a platform for the good, the bad and the ugly to ply their trade.if you are a keen follower of this revolution, you will understand that the first instruction offered to any cryptocurrency novice is to Do your own research about any project you want to invest on. that saying, it means you are on your own.

don't just venture anything you see on ICO Sites. Many are scam

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[acmakc12]

Because this industry has quickly gone up, and as it usually happens, while everything grows and develops, someone earns honestly, and someone deceives people, because at such moments there is a very large user attachment.

[cassavachips]

ICO project revenue from investors is very large and at that time it was also in a very good market condition for bitcoin which reached the highest number making people want to have lots of money easily so they made fake projects

[irixo10]

Owing to the growth of the crypto space as of 2017 ICOs gained massive attention thus fraudulent individuals saw it as an opportunity to scam investors. Therefore with that growth and as well hype, throughout last year ICOs dealt mercilessly with investors. But now we have learnt the hard way thereby knowing how to protect ourselves.

[Alohadanc3]

In early days the ICO market was very popular many good projects came from the icos some of them at this moment some best project available. So ICOs was successful and that's why money came to this market. And whenever money comes scammers also scams. This ICOs has no regulatory no security everything was going on based on some digital information. So they made promises investors believed and then they took the money disappeared. And when people see that scamming people is easier than making a project they start to do that that's it .

[Oilacris]

Owing to the growth of the crypto space as of 2017 ICOs gained massive attention thus fraudulent individuals saw it as an opportunity to scam investors. Therefore with that growth and as well hype, throughout last year ICOs dealt mercilessly with investors. But now we have learnt the hard way thereby knowing how to protect ourselves.

People didn't still learn on past experiences with ICO because look at on the current IEO,it might have a different system way of acquiring or supporting projects

but it isn't really that different with fraud projects in the years past.They don't deliver something new IEO or ICO,if you aren't aware or careful enough you would still lose money.