We have to remember that scams have been going around in different manifestations and colors for the past decades and its history is immortalized with the term 'ponzi' which can still be applicable up to now. With the coming of cryptocurrency, scammers realized that they also ride the bandwagon and for the first time they are truly rejoicing since the market has become global and not anymore limited to certain locations or even a country. This was the bad and scary situation we witnessed with so many bad ICOs of 20127 and even in 2018. Now, investors are already wary of similar projects because there is no guarantee that a project can be genuine and that the people behind are true and not fakes and scammers. Coupled with the fact that a start-up can really have a hard time to survive in the marketplace, investors are demanding that things should be transparent and there should be adequate vetting before a project can be allowed to do the crowdfunding. And this is where the current IEOs come. ...
