Some ridiculous suspicious projects with zero value!

[buleidada]

I am not surprised for now when there are many unclear projects and many disadvantages to investors, for 2018 there have indeed been many unclear projects, but for 2017 there are more good projects than those that are not clear

[buleidada]

Did you hear about IronX and WPP? Both came in 2018, and both raised good money from ICO! From February 2019 to now, in IRONX telegram group 2-3 admins are active, if you ask about any update, they will reply to you "Our Technical team is working behind the scenes, very soon you will get an announcement"

Then I left their telegram group in March 2019, then a few days ago I was remembering all projects of 2019 then I joined IRONX telegram group again to see the latest update, you know what, admins are still active and giving the same answers what they copied year ago!

I don't know how many days I will remain mad after seeing this (Sarcasm)

Now, about WPP! Admins are very active for nothing. They raised 59 Million USD, just listed on Digifinex exchange and that's it, their coin value became worst, trading volume less than 1K USD! Whenever you ask to update, they will reply to you with shitty information, if you ask them back, they will ban you!

I am join WPP bounty and get paid, and after that i can sell it on digifinex with good price, that was legit bounty..

true at that time WPP was very good price and many of my friends got a lot of money from there, maybe that made this thread not sell WPP from bounty results very quickly

[cahbagus555]

Did you hear about IronX and WPP? Both came in 2018, and both raised good money from ICO! From February 2019 to now, in IRONX telegram group 2-3 admins are active, if you ask about any update, they will reply to you "Our Technical team is working behind the scenes, very soon you will get an announcement"

Then I left their telegram group in March 2019, then a few days ago I was remembering all projects of 2019 then I joined IRONX telegram group again to see the latest update, you know what, admins are still active and giving the same answers what they copied year ago!

I don't know how many days I will remain mad after seeing this (Sarcasm)

Now, about WPP! Admins are very active for nothing. They raised 59 Million USD, just listed on Digifinex exchange and that's it, their coin value became worst, trading volume less than 1K USD! Whenever you ask to update, they will reply to you with shitty information, if you ask them back, they will ban you!

There are many projects that reach token sales of more than millions of dollars but performance in the market is detrimental to investors. In addition to the projects mentioned, the BBC or Tradove and Shivom are some projects that have earned millions of dollars but now the marketcap value is very small compared to the achievement of the sale of tokens at the start of ICO

[coinfinger]

I hate this kind of nonsense and this is what a lot of company has been up to lately. They no longer give attention to their customers/investors and never give them specific replies, rather they just create a particular reply that they will always copy and paste anytime they are being asked a question and to be sincere, this their behavior always drives me crazy and I feel like if I’m given the chance I’d punch their face lol .

If it’s not going to be that they will reply me with the most humanly reply, then I’m better off looking for something else, than always getting the same reply like - ‘our technical team is working behind scenes... And blablabla’.

[imstillthebest]

I hate this kind of nonsense and this is what a lot of company has been up to lately. They no longer give attention to their customers/investors and never give them specific replies, rather they just create a particular reply that they will always copy and paste anytime they are being asked a question and to be sincere, this their behavior always drives me crazy and I feel like if I’m given the chance I’d punch their face lol .

If it’s not going to be that they will reply me with the most humanly reply, then I’m better off looking for something else, than always getting the same reply like - ‘our technical team is working behind scenes... And blablabla’.

it seems like projects nowadays are only depending on thier luck  , as a result we got so much crapy projects now and people are also depending on thier luck . they dont have a choice and they cant be picky because what are they going to pick given that most projects now are bad  ?  and also i know the feeling when you see automated replies   . that sucks because we cant complain too much or we cant carefully explain if what are experiencing with them  . automated replies are popular now on almost any websites including on social media sites  . 

[Kvalentine]

I am one of the few or many who thought that ironx will be a total success but after several months of waiting and the team don't even bother to list on other exchanges I knew right then that something is wrong, I wasted a whole lots of time of ironx, block chain and crypto aren't anything new than business of making money, decentralized that feels more like centralized haven

[Davian144]

I am not surprised for now when there are many unclear projects and many disadvantages to investors, for 2018 there have indeed been many unclear projects, but for 2017 there are more good projects than those that are not clear

In terms of looking at several projects it is necessary to have a comparison, but we also have to look at the condition of the crypto market every year, as in 2017 where the crypto market has a positive response from investors, so that it is used by scammers in the following year, namely in 2018 and continues to 2019 until now.

[Japinat]

The altcoins market would not experience this big fall down if most projects are legit.

What I observe is that after the bull run or when the correction is happening, that's where wee were able to see the real colors of the project that we thought is a legit one,.. that's only one you know, I know a lot and have hold tokens of the project until now.. what can I say? I say.. let's get use to it that is the reality, it's better to choose altcoins that are old but reliable.

[qazgroup]

Ironx has become really funny to be honest, it looks like they are using bots or auto reply service to manage their telegram channel, for over a year whenever someone ask some basic questions regarding, platform, team or simple updates the reply comes with a scripted line and this is like this for many many months and during this period there has been no progress and there is no official active at any of their official channels so we do not know any human who is responsible for this project.

[Lexurdania]

I am one of the few or many who thought that ironx will be a total success but after several months of waiting and the team don't even bother to list on other exchanges I knew right then that something is wrong, I wasted a whole lots of time of ironx, block chain and crypto aren't anything new than business of making money, decentralized that feels more like centralized haven

I used to also think that IronX was a good and prospective project but seeing the development now, I think I was wrong. Not only IronX, there are many projects that are like this and make investors afraid to invest in new projects. I think IEO on large exchangers is a good investment solution

[kindbtc]

This is really annoying, i am also into some projects which are confusing and there is no clear view that whether they are alive or dead, i mean no development or progress updates are shared for months, real team does not come up and respond, there is no hope since these projects are being run like this for years.

[Divinespark]

Did you hear about IronX and WPP? Both came in 2018, and both raised good money from ICO! From February 2019 to now, in IRONX telegram group 2-3 admins are active, if you ask about any update, they will reply to you "Our Technical team is working behind the scenes, very soon you will get an announcement"

Then I left their telegram group in March 2019, then a few days ago I was remembering all projects of 2019 then I joined IRONX telegram group again to see the latest update, you know what, admins are still active and giving the same answers what they copied year ago!

I don't know how many days I will remain mad after seeing this (Sarcasm)

Now, about WPP! Admins are very active for nothing. They raised 59 Million USD, just listed on Digifinex exchange and that's it, their coin value became worst, trading volume less than 1K USD! Whenever you ask to update, they will reply to you with shitty information, if you ask them back, they will ban you!

Obviously those are scam projects. I do not understand how they can raise $ 60 million from ICOs, unfortunately for those who have invested in their projects. In 2018 and 2019 I saw hundreds of similar projects, every time we ask a question at telegram, they will answer and provide information soon. It was fun

[pjwaffle]

Perhaps such projects often occur during times when the ICO market becomes difficult. To attract many investors, they will have to create an outer cover or have sold a large amount of TOKEN to create confidence for investors to buy. Please double check before investing in such projects

[kaya11]

I think I've seen those projects having bounties. I've noticed them because of the signature campaign that they have and some members were wearing it so that's the only thing that I can remember about them.

This is an issue regarding these projects that held bounty on the forum and some other bounty hunting platforms, when it's about listing, they always doesn't satisfy their participants.

Yes, they had bounty and I was a participant of them. The sad part is IRONX and WPP both projects raised huge money, like WPP collected 59 Million USD and IRONX 25 million USD, what they did with that huge money? No exchange listing, no good update, developments and when you ask they are saying to wait, when people are waiting since January 2019! To me, they are scam project but people are not talking about their scam nature.   

How could a project with such huge fund raised could theoretically fail? Well they've just got a good catch on the investors, and run with their money. The cycle goes on, sometimes the same team are on but they've got dummy accounts and mange to get people fooled. I only believe in project if they are willing do meet-ups, discussing future plans, aside from that in theses kind of situations where scams are rampant, I'dd rather buy a coin that is already stable and keeping updates to its' users.

[Jannyh]

With the hype gotten with wpp it so sad to see the price of the token at bottom, sometimes I am tempted to believe they didn't  raise such huge fund as they claimed. The team just abandoned  the project but are just active on telegram respondoing on every question asked just to show they are still on track, that reminds  me of another project since 2018, each time you ask about update, admin will respond with "they are following  roadmap". #invox finance

[totoy4741]

They are plenty of them that actaully had successful ICO and turned out to be shitty projects. It's like that they had not raised any money to found for their projects which is I think more than enough for all the expenses. I remember joining WPP bounty program handled by Wapinter if I am not mistaken and I thought it was going to do well, but I guess it did not live up to expectation.

[FairUser]

With the hype gotten with wpp it so sad to see the price of the token at bottom, sometimes I am tempted to believe they didn't  raise such huge fund as they claimed. The team just abandoned  the project but are just active on telegram respondoing on every question asked just to show they are still on track, that reminds  me of another project since 2018, each time you ask about update, admin will respond with "they are following  roadmap". #invox finance

Because they do not have any new updates on their project. After the end of the ICO, all members of the project abandoned their project and used investor money for various purposes. The main reason that made me bored with new projects at the moment

[Lagozboi]

There are a lot of scam projects out there now and it is difficult to be able identify the genuine ones. The problem now is even the professionals  in this can not really differentiate the scame from the genuine ones. This as a factor has set a boundary to some people coming into crypto.

[RealMalatesta]

Perhaps such projects often occur during times when the ICO market becomes difficult. To attract many investors, they will have to create an outer cover or have sold a large amount of TOKEN to create confidence for investors to buy. Please double check before investing in such projects

Such projects can easily create a fake atmosphere which might motivate the investors to invest into their project and also it is not much difficult to create a fake token sale and show the maximum number of tokens sold already. This is mostly been used even now and there are a lot of projects who are using this technique to scam many investors.

It is our responsibility to check their contract address and check whether they really have collected the funds mentioned by them. If not, than create a thread in scam accusation and save plenty of other investors from investing into such scam projects. We can't stop the emergence of these scam projects but we could bust them each time they show up in the markets.

[Vishnu.Reang]

There are a lot of scam projects out there now and it is difficult to be able identify the genuine ones. The problem now is even the professionals  in this can not really differentiate the scame from the genuine ones. This as a factor has set a boundary to some people coming into crypto.

In many of these projects, the original idea is a very good one. But the problem is with the implementation. There is hardly anything that we can do, if the promoters vanish with all the funds that was collected. Only a few projects agree to use escrow to store the funds. By the time we are able to identify a certain project as a scam, the funds will be lost already.