Scammers ruin ICO fund raising

[Thanasis]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

If there is an opportunity for the scammers to make a lot of money in the name of initial coin offering and there is no still can't stop them creating their own ICO then how can we expect scammers will be stay away from this market.due to the customers exchanges take the advantages and making lot of money for themselves but reputed exchanges might keep the quality on the project they were promoting.

[robelneo]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

It used to be developers scamming bounty hunters and investors and now exchanges scamming developers, this is what happened to an unregulated industry, the problem remains because no authorities are going after these scammers, it's more like an HYIP unregulated and free for all.

A good project that wants to be funded should prefer IEO on exchange with a good reputation, ICO now is not a good option to get funded and investors are not looking for ICO based project, especially investors with bad experiences with ICO based projects

[#Darren]

This is normal that there are so much scams around, because there are just no regulations at all and the whole crypto world is anonymous. No wonder, that even exchanges are manipulating the sales and scamming projects for money.

[suryapro]

If we see from the many scammers acts of ICO , of course there is no other choice, for investors to learn about IEO properly and correctly and START to move away from ICO.

[sangjoewara]

If we see from the many scammers acts of ICO , of course there is no other choice, for investors to learn about IEO properly and correctly and START to move away from ICO.

For other choices, of course there are, because now there are already many IEOs run by the project, and if IEO has a guarantee that scammers will not occur, I am also sure that investors want to stay away from ICO and begin to get closer to IEO.

[pakdemaco11]

ICO and IEO systems are different. ICO is easier to scam. because there is no ICO fund to protect, unlike IEO they are protected by the market. like we use escrow and more stringent IEO regulations

[aioc]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

We are wiser now than before, but still some scam projects can get in, I will still not invest in ICO because there is still no regulation here and  it will take some time before you can trace if the project is legit or not, not all of us are good in tracing good projects, we still rely on reliable people in the community to give us pointers and reviews of projects.

[digitalblock]

When there was no IEO all complained that there is no supervisory authority. Everyone was afraid to participate in the ICO. But now that we have every chance to avoid becoming a victim of fraud you again go the same way. We can't live without deception. For the organizers of fraudulent projects - ICO is a very profitable business. Until such time as people will not go for easy money, deception will not stop.

[dotcoin.info]

I personally believe that IEO is much better than ICO itself because of the increased safety. Just like eternalgloom said, if they are handled correctly, then we won’t have a problem in managing and working with them.

[mirgo1791]

with the future terms of absence we should work on chance as attaining market of business with assessment of list on index with the arbitrage table on offers to deliver initial option to buy with the token.

[jazmuzika217]

So that's why I am always go and stick at old already trusted exchange and project. Because all we know that here in crypto world nothing is impossible and all of transactions can be controll by someone who have lot of knowledge about technology like scammers. They can create fake or scam project so be careful to for your every investments.

[Prettygirl01315]

that's why some of the projects that are doing ICO right now are not trusted anymore because the investors have trust issues with it which right now the one that is invested are IEO project which is more secured and profitable in the near future

[Tipstar]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

Where there is money, there are scams involved. And sometimes differentiating the project to be a legit or scam becomes difficult. There are several reasons why investors call a project scam. And several other scams which doesn't get a scam tag from the investors, at least until it's profitable. So, it's also the lack of research from investors and thoughtless investments that are boosting the profit and morale of scammers and are making it a lucrative market for them.

[flemmings02]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

Yes, I agree with you. Just before ICOs became scammers community it was an interesting investment opportunity, but there is no investors willing to put the money at huge risk, and ICO is no longer seen as that opportunity but a way to lose money.

[maxreish]

We can't go back to that past "ICO" days before. The damaged has been done and scammers already ruined the momentum of ICO. If IEOs will be the solution to prevent scammers from ruining the upcoming releasing coins then I can say let us give time for IEO to prove that thing. They are starting to build their good reputation and scammers actually find it hard to enter IEO.

[Vishnu.Reang]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

You can't really say that IEOs are safer than the ICOs. The current situation of the IEOs remind me of the situation of ICOs during mid 2017. IEO is still a relatively new concept and there is a false sense of security among many of the cryptocurrency users regarding it. But looking at the overall structure, I can foresee serious issues with IEOs in the near future. I have seen little known exchanges listing 25 IEOs at the same time. When you have that many, the quality will obviously go down.

[(o)(o)ilikeboobs(o)(o)]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

ICO was dead long time ago. Scammers are ruined it, after few successful ICOs, they use this type of offering as a tool to scam, and even easier than traditional way, get much more money without and lawsuit.
I Think ICO or IEO is not criminal. Scammers can think about anything to take people's money, they are should be eliminate for good.

[InwardContour]

ICO craze died when many fakers with bad intentions to scam and not develop any project came into the scene. It's true that ICOs if continued in the right way would have given the project teams more control of entire funds raised for development of the project, but the sad truth remains that they never channel all allocated funds to project development. That aside, safety first hence IEO done on reputable exchanges is by far better than ICO. IEO even gives an edge to projects since many investors buy in with confidence and most times the hardcap is met, unlike ICOs that struggle to hit softcap most often. Why will a project team even think of doing IEO on an exchange that is not reputable? that is the only way they can lose funds to scammers. Let's just embrace the new form of tokensale (IEO), there is no need reminiscing on ICO since it's old news.

[Bossfidelity]

We can't deny the fact that Scammer are plaguing the entire cryptocurrency space. One of the reasons why countries are restricting their citizens from joining the industry is because of the prevalence of scam and until we get things right, the issue of mass adoption of cryptocurrency is a long thing.

[key4co.in]

It's wise for a project team to run their IEO only on exchanges with good reputation if they must do an IEO. Doing IEO on just any exchange without reputation is a 50:50 chance of getting back (or not getting back at all)  their funds after token sale and also posing high risk for investors. ICO would have been great but scammers spoilt it like mentioned here, let's just stick to IEOs on reputable exchanges to reduce risk of losing funds to scammers.