Scammers ruin ICO fund raising

[Jating]

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 have a valid point. However, those scammers took advantage of ICO's anonymity specially during its height in 2017. Projects pop like mushrooms, everyday you will see them popping around and victimising investors. And this continues up to 2018. So that by 2019, we haven't seen any legit project took off and became successful before scammers have ruined the reputation already.

And then when the new business model of IEO/STO slowly making its ground on the ecosystem, ICO became dead and experience dry spell as investors shift their attention to the last business model of IEO who in turn are very lucrative for early investors or those who have a lot of spare money to throw on IEO projects.

[Bunsomjelican]

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

As of now, there are some IEO that after the project has been done in terms of distribution of the token, for what I saw its just
the same for the ICO where scammers can both use them to scam people here in this field of business industry. So, the better way to do
for now is to find a solution for this matter instead of saying that ico fund is ruin.

[Capt00]

What it happens to ICO is something to cause huge market failure and investors doubts. Some ICO projects never give of what they promise and what the tell to their investors. We can't deny that some of them are still promising and legit but it badly affected by the others.
As people appreciate how IEO does today, it is somewhat a mind-changing for investors to go along with IEO than be still with ICO projects.

[moynul2050]

Fundraising using the ICO method has indeed become a very preferred method by the originators of the crypto project. but when there are too many scammers who are detrimental to investors, which makes them disappointed, the current collection and ICO is indeed very difficult. due to a lack of investor confidence to invest in some of the new ICO projects.

[NoirSuccubus]

Scams happens in ICO because of project teams first take the money from investors, and then the coin eventually doesn’t get listed in the exchanges. With IEO, investment is much safer as investors have a guarantee that the coins will be listed in the exchanges. This makes them a hell lot of reliable in my opinion rather than falling in the scam trap. IEO don’t yet have nay news of scams as of now, so let’s just wait and see what happens

[Lanatsa]

Scams happens in ICO because of project teams first take the money from investors, and then the coin eventually doesn’t get listed in the exchanges. With IEO, investment is much safer as investors have a guarantee that the coins will be listed in the exchanges. This makes them a hell lot of reliable in my opinion rather than falling in the scam trap. IEO don’t yet have nay news of scams as of now, so let’s just wait and see what happens

No scams as of now yet but we cant guarantee that they aren't doing something shady behind those platforms.Manipulation is possible but somewhat this is much really better than ICO's.

The difference though is on the profitability where it cant possible hit up 1000x or higher yet we have seen how IEO perform when it comes to price surge.

[Ben Shedly]

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

I think that even now many new projects would gladly carry out the ICO and would not share the collected investments with the exchanges. However, now ICO has lost popularity among investors and new projects without exchanges risk even being left without investments.
In addition, many IEO projects are of little interest in terms of long-term investment, because these are the projects of one day, you bought today, then the exchange propamped the price of the coin, tomorrow you sold it at an increased price and forgot about the existence of such a project.

[firmino10]

Fraudulent activities and scam is the major reason for the downfall of ICOs and the rise of IEOs. With ICOs any body can create a project that looks real and then fool the community to raise funds.
But IEO have been able to tackle that as mostly the exchange validate that the project is real.

[danherbias07]

There is money on it.
I do think whenever there is a large money on stake scammers had been coming on it with large numbers.
Sometimes they will create 3 companies with only 1 group behind it.
They just change the image of the website and then the management which are grabbed from Linkedin.

There is a lesson here.
If you have a good academic background, stay private.
Or else, someone might steal your information or used in an evil deed. 

[fuer44]

from the first, indeed if there were no scammers, indeed this ico industry would be far better. the funds collected can be very fast to help ico projects, sometimes even not according to the schedule of achieving a hard cap, can already be realized. this shows that ico is very much in demand, and investors have no doubts about several projects that are running and developing. it's just that, sometimes there are bad teams, and take off the funds that have been collected.

[Distinctin]

Let's accept that it happens, and ICO is gone and replace by IEO.
During its popularity, there's a lot of scams in the market, it is believed that majority of the ICO are scams and that's one of the big reasons why the market dump after the bull run. Now, people have learn, and the reputation of the ICO now is really bad as even good project does not get anymore the success which they can easily do during the popularity of ICO.

[omone1]

This has been my major concern. ICO are way better than IEO in terms of fund raising because many exchanges charge the project for listing and still won't give back the total fund raised to the developers or some will just out-rightly scam the project liker Idax did to Xcrypto and CMA. The big question remains: Why list on questionable exchanges!

[SquallLeonhart]

There is money on it.
I do think whenever there is a large money on stake scammers had been coming on it with large numbers.
Sometimes they will create 3 companies with only 1 group behind it.
They just change the image of the website and then the management which are grabbed from Linkedin.

There is a lesson here.
If you have a good academic background, stay private.
Or else, someone might steal your information or used in an evil deed. 

For you to have known this, it means you must have done your research which gave you the opportunity to detect them easily, do you can now agree with me that we were the ones that made this people become popular and their activities becomes so rampant right?

People don’t tend to make research on projects until after they starts having some little doubts about them, it is then at that point they start discovering some hidden truths about them, but why should we wait till things go bad or we get burnt before we do a very thorough investigation on them? These things would not stop until we are able to stop it our self which begins with each an every one of us reject bad managers, then we start to be strict on projects we invest in or hunt for.

[bustedsynx]

LMAO, scammers are everywhere, not only in ICO fund raising. They launch premined coins, form trading subscription groups, make ponzi sites, hack your PC with malware wallets, phish known online wallets and exchanges and of course fake teams, fake projects to get your money.

You just have to learn to live with it and avoid them.

[IParn]

LMAO, scammers are everywhere, not only in ICO fund raising. They launch premined coins, form trading subscription groups, make ponzi sites, hack your PC with malware wallets, phish known online wallets and exchanges and of course fake teams, fake projects to get your money.

You just have to learn to live with it and avoid them.

I agree with you.  Fraudsters cannot be at fundraising.  But then they can release malware, it can be completely.  Be very careful.  Fraudsters are very smart.  Take care of your wallets.

[anjho.ace]

Scammed ICO was the biggest problem occur in the community and many investors made it to go far from it.
This is Why IEO exist now and this IEO will gain the trust of the investors once again to play as their third party of security.
Though the effect of IEO will be bad for the marketing budget as it will be part for it. like BOUNTY budget will be cut!

SCAMMED ICO MADE THE MARKET BEARISH also!

[Finestream]

If there is no ICO scammer then I think we have never heard of IEO until now, too many ICOs manipulate funds up to tens of millions but only listed on a small exchange with the equivalent price of garbage. IEO is a smart solution created by the exchange to overcome ICO scammers and fund manipulation, here we need a third party, namely trusted exchange.

I think IEO will still exist, it's the initiative of the exchange for them to host and make money, that's the competition that we like to see, but now, it seems there's no competition anymore as IEO has already taken over the crowd funding business. ICO already has a bad reputation, it's hard to to gain back the confidence of the investors anymore since they found a new opportunity in the form of IEO to invest.

[Yamifoud]

This has been happening for a long time and I myself am no longer surprised about the existence of scammers on ICO or IEO. some projects can already be evidence and also learning so that we as investors are not careless in investing. do not let us lose big enough

That would be a learning for everyone and that's supposed to be. 
ICO did nothing good nowaday and it looks so different from when it started. Scammers make a big change which investors losses their confidence towards the market and giving the doubts to reinvest with. We'll hope that IEO will help to twist the minds of investors. 

[xiboothrezi]

This has been happening for a long time and I myself am no longer surprised about the existence of scammers on ICO or IEO. some projects can already be evidence and also learning so that we as investors are not careless in investing. do not let us lose big enough

Thus, scammers always take advantage of every opportunity to cheat. ICO and IEO have the same opportunity to become a scam if we are not selective and do not determine the right strategy. IEO is safer and more trustworthy because tokens or coins are ready on the exchange, this is effective for building investor confidence compared to ICO which are not all listed on the exchange, even until the end of ICO tokens or coins are not listed, after a long time the developer disappears. With a note, you must be selective in choosing exchanges that hold IEO, choose global and trusted exchanges, it's safer.

[The3max]

I think ICO is not really good for us. Investors are dependent on the platform they provide. We do not have any certainty about that project. Here I only know that looking forward to luck.