Why ICO'S Scamed since last year

[dmcx]

I think the main reason is money. Projects collected funds in crypto and when the price was falling, they didn't have enough money to create their products so they leave cryptomarket with the rest of investments.

I don't think so, and I think it's because of greed between those who are lost and those who benefit more. When they saw that, they gave birth to jealousy and determination to create waves by taking all the money of others other than themselves 

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[Peterdav]

I think too easy to create token with ERC-20 platform making them easier to making more ICO.  Making more fraudsters take advantage of making ICO with their scam projects.

[labilaab]

In our modern world today of course theres no hiding the fact that there are many new way or style of hackers just to steal funds especially in terms of digital funds. All spouting new token projects conducting ICO after launch are not all legit, some are just scam so better research first before investing to them.

[Little Mouse]

In 2017, ICO was a good source of earning passive income  but now those has been changed. People started to scam money because it is one of the easy way to scam people. Just invest couple of bucks and get couple of thousands even some times million too.

[bdc2343]

Because they find out the reality, it is not hard to collect money, but it is too hard to give valuable project. Also there are no regulations, so they can easily go away with our money.

I don't think that's true, what I see they're trying to kill all investors like us, for some reason I don't know yet but I think it's because of that. Try to avoid going on this crypto path, and I don't care much but make money 

[Smon]

I think the main reason is money. Projects collected funds in crypto and when the price was falling, they didn't have enough money to create their products so they leave cryptomarket with the rest of investments.

If they are scammer then no need to list token even on exchanges.Wise scammers know the weakness points  and then they attack to reach goal. They simply don't care about investors,exchanges etc..

I think it is praising that scammers are smarter than us. They are the people who belong to this crypto world. As far as I can see, they only have a few tricks to make a living instead of trying to make a bit, and accumulate them 

[Muzika]

I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

investors does not want to invest anymore due to lots of scams happened recently and those project that seems a good one but in the end their money vanished. Those scammers creating a good idea and a good people but their plan is to gain money from investment by the people that is why the trust from this industry is almost negative now.

[Vit83]

Most interesting projects working they are not scum, they just dropped their prices very low. On the current market, they can't do anything to improve the situation with prices. Even great news can't influence the price. Most of ICO just waiting for green candles on BTC.

[Convery]

Because of greedy ICO investors. ICOs created in 2015-2016 have real future, like IOTA or Ethereum, but scammers find out that people will invest into every ICO without doing any research, so they took the opportunity and created so many scam ICOs because it is so easy and probably no one is able to arrest them. 

[S[m]OKE]

Not all projects turned out to be a scam; many simply could not raise money and they had to either pause or abandon their projects altogether.

[Indrawan77]

Yes, there are a lot of scamming report about ICO, and ICO are very popular for scamming people, the reason is some of the developers are looking for easy money, some of the developers making the coin without real preparation and when something not smooth the developers just run away or abandon the project and the condition now still the same, so always be aware when want to invest in ICO

[stefany101]

In 2017 the price of cryptos went high so ICO investment also become very popular and millions of money poured into new projects so whcih get attracts many scammers to do the same thing by creating fake site and fake team just because they also want to make that millions in easier way.

I agree with you sir ! The quality of ICOs in the past year 2018 until today is not good as those ICOs which is published in the past years. Most ICOs in the past became successful and raised much of funds during their ICO periods. Unlike now, that most ICOs are fake because of people who wants to get easy money from other people, that's why investors are also lacking some interests to invest in some new projects.

[manfredmann]

This probably because of the market trend and as we all know that the bearish market seems too bad for the team promoting ICO projects. INvestors are stopping to invest because of the market that was being affected by different environmental factors. ONe of it is the BCH doing hard fork. THe bitcoin market price was 6K USD after the news it brought to 4K USD and eventually going down to 3.2K USD the lowest bitcoin market price recorded for late year of 2018 and the first quarter of 2019.

[travwill]

The crypto currency market is very young, it provides many opportunities for earning money in a short time, it is the thirst for easy money that attracts the attention of fraudsters of all kinds to the market, which results in a lot of projects being fraudulent.

[mudyak99]

Maybe their funds is not enough and i think its not make profit to their team. Because in last year crypto price is down.

[darkangel]

ICO is created by the greed of investors, They hope that they can make a lot of profit from investing in ICO. So many scammer took advantage of that opportunity and created ICO scam series, Until now, up to 90% of ICO has become a scam and it will continue to increase.

[defoman]

It's very simple, in my opinion. With the growing popularity of ICO and cryptocurrency, people saw an opportunity to earn easy money. Scammers still use this and create fake projects to attract as many users as possible, collect a lot of money and hide.

[Volk-05]

There have been such ICOs, there are and will be many more, so you need to sort out the projects in more detail so as not to get on another scam!

[tonibyuzen]

I think that not all projects should be considered fraudulent, because there are projects that collect money and disappear, and there are projects that simply can not raise the necessary funds for ICO. As for the real scammers, they simply enjoy the trust of people who do not have experience with cryptocurrency and do not know how to analyze and choose projects.

[James678]

Look, you've just raised a lot of money and you know that ICOs aren't regulated, so nobody would punish you for your activity. Would you gone away with money?
People are greedy, that's the main reason.