ARE ICOS STILL LEGIT?

[robelneo]

We heard the news of IEO to be in place of ICO in order to curb the high rate of failure and scams in the development of altcoins projects in this year 2019. My surprise is that I still see series of projects claiming to be in ICOs. Doesn't that make them scam as we have seen in the same scenarios in the past?

If it is, I wonder why people still invest whether their time or monies in such projects which have high risk of loss or being scammed.

It's a case to case basis ICO can only become legit if a project that is holding this type of crowdfunding is legit and the developers are worthy of trust but, if the project is unquestionable then the ICO is not going to be legit.

Investors should only support projects that's holding an ICO if they are legit, because you have no way to get your money back in case the developers run away with your money, there are a lot of risk attach to ICO, and it was proven by many failed projects in the past.

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[totoy4741]

You are right there is some project which has conducted ICo on their own platform like AMEPAY and they have successfully got the soft cap and private sale is in progress. I think it depends on the project and its team which makes trust and investors interest to invest in the project.

Yes, I agree that ICO is still alive, There are lots of projects most especially yield farming projects using the ICO kind of way to raise funds to be used in build the platform. It will be never gone, but seldomly use. I guess time will come that ICO will be revive there will be no other options or way to raise funds through ICO.