Don't be too quick to judge ICOs

[Farma]

Totally agree with you. Just because ICO project doesn't meet up with their softcap doesn't make it scam project. Although majority of them, it do takes them years to meet up with their target. Whereby keeping their investors worried and confused about the project.

In general, ICOs that do not reach their soft caps are not considered scams, but they will become scams when they do not return investment funds from investors. besides that, a few other things, many people judge a project scam when the project has just finished and needs development. Well, things like this are common, many investors or supporters are in a hurry, and say something like that is a scam. be a smart and wise investor, finding information before judging will be better than talking just because of delay.

[pandanaran]

everyone already knows that the failure of a project does not mean fraud, the main factor that causes the project to fail is because the funds do not reach the specified target. On the other hand, investors are currently reluctant to invest in ICO for several reasons. the problem is difficult to identify ICO projects that are truly legitimate, but the emergence of IEO has attracted the attention of many investors to take advantage there.

[SolarWindMiningCompany]

Considering the whole ICO market if you look at it closely you will notice that most of these ICO just collect fund and decide to not speed up implementation and present user with a working product hence most people that fall victim to those determine it as scam To be honest most ICOs are fast at collecting funds but actual work takes years and that mostly brings down the token price to 80% losses Thats not good at all

Exactly. No one will really say its at 99 percentage but a greater percentage of ICOs are scam and this is a majority of the experiment evaluation, people forming a theory on it won't be wrong. Take a simple statistics of all ICOs that launched from late 2017 to late 2018 and how they fared and you will have your answer right in front of you. The loss was colossal and thus it birthed IEOs as good alternatives

[btc-facebook]

everyone already knows that the failure of a project does not mean fraud, the main factor that causes the project to fail is because the funds do not reach the specified target. On the other hand, investors are currently reluctant to invest in ICO for several reasons. the problem is difficult to identify ICO projects that are truly legitimate, but the emergence of IEO has attracted the attention of many investors to take advantage there.

lack of funds should not be the main reason for the project to stop or fail,
if the project is serious then the project should continue, I often encounter projects that still survive even without ICO or even do ICO but not softcap,
I actually felt that ICO's failure could be used as an excuse to run away. everything is always possible, and we don't know which is right.

[btcholder]

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

Absolutely agree with you. I have no idea where are you get the percentage though. I saw some good ICO project which didn't raised a minimum amount from their token sale. But those are really good quality project and team members are totally honest.

Some investor invest their project but they refund those investor because of they didn't reach their minimum goal. If those projects was scammed then they never return money. In crypto world we judge very first which is not good really but i know though there is always some point for that.

[mihtju]

ICO is not just considered scams. There are reasons. Especially now. Now ICO are almost never successful. I dont deny that there were good projects too, but now their number has decreased.

[Micerker]

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

I agree with you that we should not judge too soon about the ICO. Any ICO can be profitable for investors if they choose the right ICO project for themselves. Investments that are not considered and selected for good projects are bad. ICOs will grow back at the start of a new wave when Bitcoin rebounds to $ 15,000, and I believe this will happen soon.

[Shallow]

Irrespective of the fact that the statistics of 99% ICOs being scam might not be correct, but one thing can't be argued and that is, majority of ICOs are scams and fraudulent. To make it more interesting, how many ICOs have been launched this year, and how many were successful? Little to no ICOs were launched this year of which the ones that came up early this year moved to IEO because they see no success coming forth. Although IEOs are not the best but at least one can participate without fear of the team running away with their funds etc most especially when done on good exchanges.

[Distinctin]

I did suffering several times for quick judge. I won't do it again in next judgement. This year was Mb8coin, so many hype like Binance exchange application is progress tweet and several update. Another is SERO token price was huge rise after gate exchange IEO finished.

I think SERO is an IEO, so we can exclude it in our discussion, yeah, I know it was one of the profitable IEO this year, I was thinking its only Binance that are producing successful coin from IEO but good thing we have other exchange that were able to comete, and SERO is a great testament that we can still get a good success in IEO,  increasing your money multiple times in just a short period of time does not happen a lot in IEO but SERO project did it.

[spydee1522]

Many projects have come and collapsed, many ended as scam projects and many also failed to deliver their plans but the fact that most of these projects failed to deliver what they promised does not mean all ICO's are scam projects, some lack the needed funds to continue their mission, some needs advisors to go through the next step of their roadmap and why judge such projects, they maybe in their preparation period and needs our support not judgement. We should therefore not be quick in judging ICO's.

[ciang huang]

I really think ICO now is a fraud and very rarely there is success in 2017 indeed ico is highly admired by investors but over time the ICO is getting quiet because there are many very high fraud rates because crypto prices are falling in my opinion so I now turn to IEO which  it's clear on the exchange and the funding is very clear so we don't have to waste a lot of money to participate in token sales

[rodel caling]

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

Yes I agree with you, there's a lot of project came from the ICO's are very successful in the market cap, do not doubt to invest invest in ICOs with out them their nothing altcoins came from the ico project. But in this current situation we need yo learn and investigate well before to invest in ICOs projectbto avoid victim of scam because a lot of fake project  release of the scammers.

[voteformeg]

i agree that the worth "scam "are sometimes used to fast , if a project did not turn over someones investment in welth for life they will say that it is a scam , but projects need time and most time when a project comes from the ground the scared investors already sold their coins saying it was a scam and only the strong hands benefit from the project in long term

but still we have to be carefull , because yes , scamprojects excist for sure in this greedy world

[GGmith]

What do you expect? everyone also knows the failure of a project does not mean fraud. I think it's normal if someone judges ICO quickly, let alone see a suspicious project? Are you going to live there or choose to move to another project? of course I would reconsider and switch to another project if I felt there was a red flag on the project.

[Redemption59]

There are a lot of ico projects out there, many are considered scam projects and the rest, some needs funds to progress to the next stage of their roadmap but the fact that these projects are in this state does not mean all these projects are scam projects, some needs time and funds to progress and therefore should not be judged as such quickly.

[BRODIN]

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

I also don't misunderstand if a project stops or postpones a project, but if you feel that the project is not a scam or still have hope in the future ... will you choose to remain silent with the project? I'm not sure about that.
real examples like the miracletele project, try searching ...... you will find the answers to your questions yourself.

[nakata121]

indeed today there are still many projects that still choose to do ico in the sale of their projects, but we can see very few investors who still want to invest in ico, because this is caused by a lot of experience in 2018, when at that time many projects were selling ico was fraudulent, so, it caused losses for investors at that time, so now investors prefer to invest in ieo than ico and most likely if in the future ico will begin to be abandoned by investors.

[19Nov16]

I agree with your opinion, not all ICOs are scams or frauds, because there are still many ICOs seen as successful this year, all they do with hard work when ICO is not successful means it is not the team or BM because they have tried to develop it, if they already understand ICO certainly know that the failure of an ico is not fraud, it may be caused by losses and can not reach the planned target

Actually there are still many good and promising projects, unfortunately they are not supported by strong capital so that when listed on exchanges they are not able to fight the market so prices drop and make the project die.

[Lexurdania]

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

Indeed, not all ICOs are scams and many projects are still good. Many investors are traumatized by ICO because of the slow negotiations with exchangers and also the lack of communication from the developer team about the development of the project or product and this is what makes many people rethink before investing

[benycoin]

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.