ICO's Have Been Getting EXPOSED! Finally...

[waynechong1995]

There's those with working products, with some or no publicity, like their volume is less than hundreds or thousands. And some with extremely good publicity, tons of members but no products or simply doesn't feasible to have one now, losses only can be recovered on some projects, when funds are depleted, nothings gonna left

[chaoscoinz]

If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.

I really don't think that it's fair to lump all ICO's into one category and call every single one fraudulent and a scam. Yes, many scams do exist within the crytpo ecosphere. An ICO is the crypto version of an IPO. It's usually a fundraising event for a startup company.

[thaliaand]

There are really a lot of scam among ICO. However, I do not agree that 99.9% is garbage. I think that just over half of the ICO are unsuccessful projects and scam.

There are still ICO’s who succeeds on their project though its sad because their value are quiet low after the exchange listing as expected. If the project deletes your comment on the telegram or keeps on ignoring the message of every investors/bounty hunters then it can be consider as a scam and already a loss for those who work for it.

I agree and I think telegram community chat is one of important clues that can be used as reference to monitor the potential fraud. The community and investors can judge from these conversations both the technical and non-technical issues of the project even though this cannot be the only benchmark.

[Tylev]

Although there are really a lot of scams in ICO projects now, it is wrong to assume that almost all of them are frauds. From my practice of participating in ICO bounty campaigns, only forty percent can be considered fraud. Even now there are many good and promising ICO projects that are worth joining. There is too much panic about fraud in the ICO in this forum. Yes, this problem really exists and it should be solved, most likely, by state regulation, however, the ICO projects are still alive and they continue to work.

[laredo7mm]

Although there are really a lot of scams in ICO projects now, it is wrong to assume that almost all of them are frauds. From my practice of participating in ICO bounty campaigns, only forty percent can be considered fraud. Even now there are many good and promising ICO projects that are worth joining. There is too much panic about fraud in the ICO in this forum. Yes, this problem really exists and it should be solved, most likely, by state regulation, however, the ICO projects are still alive and they continue to work.

Now the trend of ico actually has increased in terms of improving the quality of the project after the beginning of the year and also the end of 2018 so many failed projects or indications of fraud are quite large. Hopefully this can make investors' trust back too,

[SistaFista]

If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.

It is a shame that Swachhcoin is turned to a scam project. I am agree that many ICOs nowadays are trash, but not all of them is trash.
That's why to prove the amount of raised funds in a project, IEO is the best solution.
When the project is listed in IEO of some exchange, the total amount of sold token is shown by the trade history.

[Bitcotalk]

The ICO market keeps going down as the day goes by because a lot of investors are already tired of losing money to scammers all of the time without being able to get a value for what they have paid for, and they have seen IEO so they have left the ICO market to the IEO market to see whether they would be able to make profit from this since it is controlled by exchanges that have built reputation for themselves.

[Firunner]

It's true most ICOs were garbage. Crypto attracted young entrepreneurs with no or little experience or simply people with questionable ethics. When there are opportunities to make so much money, it can reveal the true nature of people. With that being ICO fundraising is a beautiful way to allow the masses to invest and I really believe in that. You should definitely do extensive research but I don't think ICOs are bad in their nature. It's just that we did a bad job at working with them since they were so new.

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[Yemolou]

You won't find any great project without a good research. Just investigate the forum and you will find some awesome projects that are still live and are holding a bounty programme. Spend some time by doing this and you will find awesome ICOs and bounties.

[emmybd]

ICOs are actually good for fundraising of a new project, but they should be strictly regulated to keep scammers away. There have been a lot of scam projects over the past one years, so people don't trust ICOs anymore.

[Bagaji]

There are really a lot of scam among ICO. However, I do not agree that 99.9% is garbage. I think that just over half of the ICO are unsuccessful projects and scam.

There are still ICO’s who succeeds on their project though its sad because their value are quiet low after the exchange listing as expected. If the project deletes your comment on the telegram or keeps on ignoring the message of every investors/bounty hunters then it can be consider as a scam and already a loss for those who work for it.

Indeed, many are still on the success route and investors are still investing in them. Although many of these ICOs have done much harm than good but not all of these ICOs are really bad or scam. In as much there is a good product behind any ICOs, it will definitely succeed.

[adterna]

Now many investors are no longer interested in ICO projects and indeed many ICO projects are garbage projects, they have engineered their whitepaper or roadpaper, many projects are not clear where their products will be developed,

[superstarbtc]

You won't find any great project without a good research. Just investigate the forum and you will find some awesome projects that are still live and are holding a bounty programme. Spend some time by doing this and you will find awesome ICOs and bounties.

Yes, now in the current situation of the market it is a very tough job to find the potential about the project whether it has the ability to reach what they mentioned on the roadmap. In order to find the legit project, we have to research a lot about the project and whether their bounty program is running or not to get more details about the project.

[lobat999]

There are really a lot of scam among ICO. However, I do not agree that 99.9% is garbage. I think that just over half of the ICO are unsuccessful projects and scam.

There are still ICO’s who succeeds on their project though its sad because their value are quiet low after the exchange listing as expected. If the project deletes your comment on the telegram or keeps on ignoring the message of every investors/bounty hunters then it can be consider as a scam and already a loss for those who work for it.

I'm not against ICO fund generation even if  some projects used it to scam people since we have already learned some lessons on it during those previous ICO booms. I would rather convince my fellow crypto enthusiasts to try not to invest in an ICO without doing an extensive research first and most probably we should try to find ICO's which has already a working platform and we should be broadminded and see the signs first before having an investment commitment to a particular project.

[Sithara007]

If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.

I won't say that 99.9% of the ICOs are garbage, but currently around 80% to 90% of them can be given such a description. There was never any shortage of scammers in the crypto world. But the scammers were quick to notice that scamming investors is very easy with the ICOs. That's why after the success we had in 2017, so many of the ICOs of 2018 turned out to be scams. Perhaps buoyed by their profits in 2017, some of the investors also failed to thoroughly examine the ICOs during 2018.

[tunapa]

So many projects just lie in their white paper and after ICO that’s the end. This is why some people want cryptocurrency to be regulated. There are too many garbage and lots of exploiters and jokers. The problem of cryptocurrencies is adoption because most projects don’t have working  product.

[rapsa2018]

So i think also that its better to bought some altcoins like bitcoin,ltc,eth and xrp to secured your funds than investing like of ico scams and many of they can't follow always on their roadmap.

[NewRanger]

It has been exposed fr0m long time ago. The price on the market maybe high but that's not feasible as most projects don't have a real product yet. We actually need something for us to be able to watch the progress of a project so that there will be no information asymmetry between investors and project's team.

There no doubt need to be an indicator that could really give you an insight into the progress of a project. If you do not have that, you would not be able to know if there is any progress. Due to this very problem, ICOs have been target pf scams on the market and people just lost their trust in ICOs. They have now switched into IEOs and looks like this fund raising mechanism is working pretty well.

ico now have less participants now, developers team prefer use their fund and re allocate to IEO listing fee on exchanges.and investors now understand they could lied by fake dev.and i am agree to protect investors we need new regulation in ICO or IEO.

[asus09]

If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.

I do not fully agree
but the facts are mostly like that.
nowadays ico is no longer as interesting as a few years ago, especially seeing that most developers did nothing in this situation. not as said on paper white.
but again, I don't think that overall ico is a shitcoin or a scam. some of them really have good opportunities to make a profit.

[florac9]

Its really scary what ICO projects have turned into and I feel like I will never engage in them anymore ,some ICO projects looks so good that you will believe they will perform better but in the end its just waste of time and money ,I think its better if ICO vanished from crypto space for good