Do you think ICO is a good way to raise money?

[Nurma.A]

Maybe. Because there are too many fake ICOs, we don't know which ones are good and what aren't. Although this year there are many good ICOs, one of which is BTT and FET (because BTT and FET, I get a lot of profit), we still need to be more careful in choosing it.

[Haxor321]

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

I think ICO is not anymore a good way to raise money because a lot of ICO are not that successful anymore and most of them are scams, that is why a lot of people starts to quit and leave joining ICO projects and bounties because they don't recieve any profit.

[bravehearth0319]

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

If the ico now is the same what happened on 2017, I could say yes it is a good way. But since the market was not in good shape, its hard to say that, although I still believed there are few ico out there which are good to raise money, as long as we know how to look for a good project here in the forum to determine on which of them are scam ico or not.

[Kujmandosz]

Ico is still good way to earn huge profit. But in this time maximum icos are scam and not legit. If you want to earn profit, we should find legit ico. Then will be able to raise our money.

[umar22pk]

Obviously ICO is a good way to raise your money, because there is better chance to get profit in 2X, 5X sometimes even 10X.
But in these days you have to choose a good ICO carefully for investment, because market is down & mostly ICO’S are not achieving their targets.

[spngebob]

ICO was always a good way to raise money for new projects. The problem is that ICOs got a bad reputation due to the huge number of scams last year, and now even good projects are suffering as people are much more reticent about ICOs.

Problem are newbie investors who invested money without prior knowledge and funded blind promises without doing due diligence. They probably though crypto will make them rich if they invest in any kind of projects, they were wrong, lost money and exit this market.

[dabenko]

We see just few ICOs these days raising money for good will, except some. In fact, most ICOs do not have good product to develop and after raising fund, nothing will be spent on the intended project. I also believe in raise a moderate amount of fund, instead of the team looking out for what is not feasible.

[ivaf]

I think that ICO will no longer be able to raise funds. At least as they were before. Changes are needed in this market: tightening control, some kind of regulation and so on.
It is possible that the STO will be able to somehow change the situation.

[BlueStackz]

There is currently not better way how to raise enough money to finance the project.
ICO concept is the most easiest way how to get money without any regulations, restrictions and so on.

You might be right and yes many blockchain ventures who seriously intend to introduce their own coin in the market does offer incentives to the initial investors but people are fed up now. So many frauds on the name of ICO. Weak projects and so on. There are alternatives to make money. Day trade could also help you make it. Besides, investment in stocks and shares by the companies having zero default risk is more appreciated.

[pelumi20]

I think it is getting harder every month for ICOs to raise enough money because of the alarming rate of ICOs scam, even good projects struggle to raise money to execute there project. I think could be the end of ICOs unless something is done about it. I think the best solution to curb this fraudulent activities is to introduce regulations for ICOs. This will help genuine projects raise money from the public and accomplish their aims with investors trusting in the project.

[beerlover]

ICO was always a good way to raise money for new projects. The problem is that ICOs got a bad reputation due to the huge number of scams last year, and now even good projects are suffering as people are much more reticent about ICOs.

Yes that’s true, it has been a good way to raise money for new projects and finding one bad egg in the basket doesn’t mean all the eggs are bad. There are bad ICOs and there also good ones. So I don’t see why we should start seeing all of them as scam when there good ICOs out there. The problem is that some of us don’t do their research very well before buying it.

[jaywizzy]

Yes, ICO is a good way to raise money provided
if you can be lucky to involve in good ICO you will make money.

[larkinvain]

Elementh project is abig disappointment ,after they raised enough money they claim they don't have enough resources?well they should have enough resources in the first place before launching the project ,I don't understand developers this days  they tend to always start what they can't finish ,so automatically funds is not the only issue ICO faces

Yes, I had a big hope in Elementh project even I thought its coin price can go up to 1 USD if the good time comes! When they announced they are returning back money to its investors, I was totally disappointed and left the telegram group. The same thing happened with the Ingotcoin ICO! They raised 40 Million USD and then they gave back money to its investors and they are gone without paying its bounty hunters, Elementh at least paid to its supporters.

[fullhdpixel]

Yes all that has happened but I don’t think it is going to change anything . ICO will still be there and people will still be investing in it. This has always been all about risk, you either win or you lose and when you’re winning there is someone else losing their money , same as when you’re losing, someone else is winning.

[ven7net]

I can draw an analogy of fundraising in ico with the collection of funds in any investment company and conventional HYIP projects, which despite their deception work and people willingly bear money there. I see that ico for many is the best opportunity to raise funds for the realization of their product or service or platform, another thing is that under the guise of ico there are a lot of scammers or unsuccessful projects. But this is in every industry and nothing works and develops. I believe that ico will still be relevant to the fact how the cryptocurrency will be regulated. Further, most likely fraudsters will leave this niche themselves and it will be possible to continue working.

[UserMatt1]

I think ICOs can be a good way to raise money, but should be harder to do... these days anyone can easily issue a token and make a shitty/scam project

[CaMeRoNy]

I think this is a good way to raise money for any project. The problem is that now investors are not interested in ICO. Also, the problem of a large number of scams in the field of ICO, make ICO less attractive to investors.

[jhongzjhong]

I can draw an analogy of fundraising in ico with the collection of funds in any investment company and conventional HYIP projects, which despite their deception work and people willingly bear money there. I see that ico for many is the best opportunity to raise funds for the realization of their product or service or platform, another thing is that under the guise of ico there are a lot of scammers or unsuccessful projects. But this is in every industry and nothing works and develops. I believe that ico will still be relevant to the fact how the cryptocurrency will be regulated. Further, most likely fraudsters will leave this niche themselves and it will be possible to continue working.

I'm not generalized all ICO but this is what I have seen now on some ICO's project.

This is what I have said before that ICO's must filter those project that they think a shady one or those having a fake team and copy pasted documents like white paper and roadmap. We know it's really hard to choose a project that good and legit through your deep research you may know which better.

[spngebob]

I'm not generalized all ICO but this is what I have seen now on some ICO's project.
https://i.imgur.com/j2SFZ2T.jpg

That is funny but true and sad at the same time, projects are raising money, they raise millions and development of their product cost thousands dollars and it looks like that horse on the picture.

Of course the ICO is not the best way to get money, the ICO is for those who are big capital investors. I think the best way to get money from cryptocurrency is to trade. You can take a little profit every day from trading results.

ICO is collecting money and trading is something like high risk job and ICO isn't for little profit.

[Osayo]

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

Ever since I got scammed in an ICO, I have disliked the ICOs and concluded that I wouldn't put my money again. I have to wait for the tokens on exchanges to buy if I feel it is nice. ICOs should not be used to raise fund.