the first reason why fraud projects are increasingly rampant?

[Ridwan Fauzi]

I hope there is no new ICO that popping up again. Basically yes, the scammer will help to ask some easy services to scammed the people here.

Other than that, the majority of ICO and its behavior will give a lot of profit although it is just for short term investment.

I only saw, there is a few project that held some ICOs or IEOs who successfully launched and have a real function for this world at least in the future. But most of them only gone to the trash and being shitcoin.

[FireBallex]

I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token

imagine if this continues, then the rich will increasingly become rich !! scamers

It's not the first time I'm hearing about this, this is one of the reason why I don't like the freedom given to users of Ethereum ERC20 but there is nothing one can do to change this, we just have to be very careful with ERC20 tokens mostly, 99% of scam projects are ERC20 tokens

[Krabby]

I hope there is no new ICO that popping up again. Basically yes, the scammer will help to ask some easy services to scammed the people here.

Other than that, the majority of ICO and its behavior will give a lot of profit although it is just for short term investment.

I only saw, there is a few project that held some ICOs or IEOs who successfully launched and have a real function for this world at least in the future. But most of them only gone to the trash and being shitcoin.

Now no one will invest in an ICO because they know it's a scam. They will never waste money and time on such bullshit projects. Right now IEO is the best option for people to invest in to earn a profit, but we should only join IEO at the leading exchanges in this market to ensure safety.

[demonica]

There are numerous fraudulent projects that seems real and it is the reason why we should look for potential red flags before investing into ICO projects. It is never easy to identify scams, but there are different ways to check if it's real. Searching for information about the person behind the project and examining the whitepaper, since it has the information about the project that can possibly help you determine if it is worth the money.

[lousie9]

ICO fraud has been around a long time, projects like this will continue to appear around us and will never disappear in this industry. Scamers generally always have many ways to fool their victims, and maybe he thinks that ICO is an effective way for fraud with only a small capital of $ 50 like ICO Desaign looks real and then uses the Erc20 platform that can be easily used by anyone.

[cytpoway121]

I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token

imagine if this continues, then the rich will increasingly become rich !! scamers

First and foremost, there are no reasons for fraud whatsoever.
Secondly, there is no need for you to complain about ICOS at all; i suppose newbies are meant to learn basics first, not rush into investment. Perhaps you are vastly knowledgeable when it comes to investment ?

About fiverr, i do not find correllation between crypto currency and fiverr, unless you want to buy ready made whitepapers which are equally wrong too.
Just do your own research; apply warnings and educate others.

Crypto currency is not a get rich scheme.

[aemma]

From the look of things, it doesn't look like it is ending anytime soon, although ICO frauds have reduced drastically since IEO came into existence but that doesn't mean one shouldn't be at alert. About getting the information on how to create a project with ERC token for a very cheap cost, the trend will also continue as well because of one thing, it is cheaper to get and easily accessible as well. However, doing so is wrong and a red flag if found out, therefore in essence it is quite good to look beyond the whitepaper to dig out the truth.

[Denies Distro]

no wonder because fiver is indeed a suitable place for this kind of thing, but besides that there are also many who offer the same thing even for free, because many people are distributing free ico web templates and we only need to edit a little to look good, and for erc20 tokens there have been many tutorials on how to make them and because up to this moment many scammers have used erc20 to fool victims.

[2february]

I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token

imagine if this continues, then the rich will increasingly become rich !! scamers

First and foremost, there are no reasons for fraud whatsoever.
Secondly, there is no need for you to complain about ICOS at all; i suppose newbies are meant to learn basics first, not rush into investment. Perhaps you are vastly knowledgeable when it comes to investment ?

About fiverr, i do not find correllation between crypto currency and fiverr, unless you want to buy ready made whitepapers which are equally wrong too.
Just do your own research; apply warnings and educate others.

Crypto currency is not a get rich scheme.

at least I represent another complaint, about ICO's poor reputation.
sorry, I'm not saying I plan to invest or have extensive knowledge about investing. I only provided information about misuse of ICO & ERC20 services.

yes, Crypto is not a rich scheme.
but people abuse crypto to get rich?

[BRODIN]

yes, fraud projects are still a big problem in the cryptoqurrency space. Scamers also will never stop launching their junk projects. although most ICO projects are fraudulent, I think investors today are wiser, smarter and will not easily put their money into bad projects.

[Denreal]

I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token

imagine if this continues, then the rich will increasingly become rich !! scamers

If this is happening, how ten would they care about the project that pretends they are delivering to people? Their notion would just be, I have nothing to lose, let me just give out this little money to see what I would earn. With that, they can decide to create as much shit projects as possible.
I have always believed that a developer that does not spend on a project or product will never appreciate it's value and will definitely not guide it jealously.

[pixie85]

During the time ICO was famous, there are many members or professional who knows about blockchain and coding taking advantages of the process and we cant persecute them all in a swoop. Yes, if they can be caught, then they must be punish by the law but the thing here is the decentralized nature of blockchain cannot pinpoint these people. How many have run away already for this and keep repeating the same fraud by introducing newer project? Ive guess for now, we can do is to avoid ICOs so rhey cant scam or steal money from investors.

They sold you false promises and you bought them. If losing your invested money is the crime you are as guilty as those people who promoted their ICO projects.

Posts like yours show that we aren't ready for decentralization yet. You want proijects to be decentralized and independent but when you get hurt you went the authorities to catch fraudsters and the law to punish them. You want decentralization when it suits you.

[tvplus006]

From the look of things, it doesn't look like it is ending anytime soon, although ICO frauds have reduced drastically since IEO came into existence but that doesn't mean one shouldn't be at alert. About getting the information on how to create a project with ERC token for a very cheap cost, the trend will also continue as well because of one thing, it is cheaper to get and easily accessible as well. However, doing so is wrong and a red flag if found out, therefore in essence it is quite good to look beyond the whitepaper to dig out the truth.

Conducting an IEO on an exchange requires a lot of money. This is why many project teams decide to hold an ICO, to raise initial capital, and use the funds raised to conduct an IEO. This was recently done by the Cartesi team, who first held an ICO, and now on April 24 will hold an IEO on Binance.

[bittick]

yes, fraud projects are still a big problem in the cryptoqurrency space. Scamers also will never stop launching their junk projects. although most ICO projects are fraudulent, I think investors today are wiser, smarter and will not easily put their money into bad projects.

It's very easy to create an asset in the some platforms and scammers will always use this until the platform itself will put a very strict verification to prevent the scammer to launch its project and i think if that scammer will not stop. We just need the platforms that launched the asset features will put more strict regulations to issue an asset.

[gundala]

Conducting an IEO on an exchange requires a lot of money. This is why many project teams decide to hold an ICO, to raise initial capital, and use the funds raised to conduct an IEO. This was recently done by the Cartesi team, who first held an ICO, and now on April 24 will hold an IEO on Binance.

A truly quality project with a solid team will certainly strategize. Cartesi from the beginning really attracted attention with its unique niche, really struggling to develop the community to successfully work with Binance.

There is nothing wrong with ICO, what is wrong is the person who is trying to cheat under the guise of ICO, that's what makes ICO doubtful, especially as the OP said, many fake projects that look very real.

[Kasabus]

Conducting an IEO on an exchange requires a lot of money. This is why many project teams decide to hold an ICO, to raise initial capital, and use the funds raised to conduct an IEO. This was recently done by the Cartesi team, who first held an ICO, and now on April 24 will hold an IEO on Binance.

A truly quality project with a solid team will certainly strategize. Cartesi from the beginning really attracted attention with its unique niche, really struggling to develop the community to successfully work with Binance.

There is nothing wrong with ICO, what is wrong is the person who is trying to cheat under the guise of ICO, that's what makes ICO doubtful, especially as the OP said, many fake projects that look very real.

Yes. Fraud projects are very rampant today because of the people behind it that never stops scamming. But for sure, this will never be stopped unless investors will not act upon against this. I believe investors today are more wiser than before but since scamming still continues, this just means that investors should be even more wiser and must search more deeply to avoid falling into fraudulent projects in the end.

[Questat]

imagine if this continues, then the rich will increasingly become rich !! scamers

This needs to be stop, and the government has to make an action to this, and I guess at this time now, people are already aware of the high risk, and as a result, we are not seeing anymore a successful ICO.

ICO's time was last 2017 where scammers makes a lot of money, but that's part of the growing market, as it grows, a lot of people try to take advantage on those investors that are not fully educated with what they are doing, so we need to be matured now and understand the risk as we don't have any authorities that will protect us from these scammers.

[CaVO32]

Conducting an IEO on an exchange requires a lot of money. This is why many project teams decide to hold an ICO, to raise initial capital, and use the funds raised to conduct an IEO. This was recently done by the Cartesi team, who first held an ICO, and now on April 24 will hold an IEO on Binance.

A truly quality project with a solid team will certainly strategize. Cartesi from the beginning really attracted attention with its unique niche, really struggling to develop the community to successfully work with Binance.

There is nothing wrong with ICO, what is wrong is the person who is trying to cheat under the guise of ICO, that's what makes ICO doubtful, especially as the OP said, many fake projects that look very real.

Yes. Fraud projects are very rampant today because of the people behind it that never stops scamming. But for sure, this will never be stopped unless investors will not act upon against this. I believe investors today are more wiser than before but since scamming still continues, this just means that investors should be even more wiser and must search more deeply to avoid falling into fraudulent projects in the end.

Yes, I do believe that as well. Many investors are now very careful in investing their money. That's why a lot of ICO or even IEO projects are having hard time in raising their funds. Very few can reach up to their soft cap targets. People learned their lessons well from fraudulent ICO projects. And I know a lot of them already stop investing money on this. As you can see, it is better to participate when they are already in trading rather than during their pre-ico or ico stages, because you will find out that their value decreases, even couple of weeks that they are in exchanges. Also, even if someone reported that a project is a scam, they can't get their money back anymore because the team already disappeared or can't be reached. I don't think they will ever return the funds to their investors, if they failed to achieve their goals.

[maxreish]

You have to be used to the fact that most of those ICO projects today are scams and trash. Now, it is your turn as a participant to be vigilant, to choose the legit ones. I know newbies are the ones who usually the victimes here but be wise selecting and whom projects to trust for. There is still few of them who are doing great projects. Blame the participants for not doing enough research before joining such projects.

[Script3d]

You have to be used to the fact that most of those ICO projects today are scams and trash. Now, it is your turn as a participant to be vigilant, to choose the legit ones. I know newbies are the ones who usually the victimes here but be wise selecting and whom projects to trust for. There is still few of them who are doing great projects. Blame the participants for not doing enough research before joining such projects.

Newbies will just join any campaign they will find appealing, im also one of them before i've wasted alot of time promoting those scam project. i dont know why newbies keep falling for those scam projects, wasting their time promoting the project, there's alot of guide in this forum on how to spot scam projects but i doubt if they paid any attention on those posts.