Reasons why ICO turned scam.

[jonasma 68]

I think that most of the ICOs promise you that they are the best project in the world and that you are going to make excellent profits but the reality is that there are very few that are sustainable over time and that depends on their group of developers and their development strategies. marketing. I lost money with the ico for not investigating in depth about the project

[Michael0606 861]

The truth and many people who are too distrustful of ICOs, for the reasons you just said in this publication, another reason is how some currencies did not reach their value or even a little closer to the value that the administrators of the  currencies that were in ICOs, therefore it already creates a lot of distrust to enter one again.

[Tetrisreal 219]

On 11/28/2019 at 2:00 AM, Digicoin said:

There are ghost platforms  that can mimic legitimate exchanges.

There also fake platforms that invent users in order to make their business seem real.

A record of 7 billion dollars was raised in first half of 2018 through ICO and more than half were scam because of lack of regulations and enforcement security laws.

So, it is advisable to use trusted platform such as for initial coin offering (ICO) in order not to get scammed.

 

 

In my opinion I do not think it is a reliable platform at all, since to be a scam it is not necessary to go with the money but to lower the price of the cryptocurrency to 1satoshi, that way it is not a scam they will only say that the project failed and the same You will not get your money back since you still have your cryptos only they are worth nothing.

[Hami 42]

With the current economic predicament, ICO look for is usually not the top notion. Nearly all assignments wrestle pertaining to an emergency along with a person who is looking to get brand-new versions features around 90% possibility to reach your scum. I do think we've got time for it too little by little obtain sole assignments through the prime 40 and greatly improve your stock portfolio using greater assignments through the prime 100.

[Ledg 44]

On 28.11.2019 at 10:00, Digicoin said:

There are ghost platforms  that can mimic legitimate exchanges.

There also fake platforms that invent users in order to make their business seem real.

A record of 7 billion dollars was raised in first half of 2018 through ICO and more than half were scam because of lack of regulations and enforcement security laws.

So, it is advisable to use trusted platform such as for initial coin offering (ICO) in order not to get scammed.

 

 

I would say that many ICOs are difficult to check for many factors, and there will be no centralization.  And this means that the laws governing all these points.  And it remains to rely only on the honesty of the organizers and on the reputation of the company.  In addition, many of the Teams that are engaged in this have many years of experience and a name.  And you can work with them.  But you can't check everyone.  One can only hope

[udumalai01 35]

The icos cant complete there finacial goals, if never filled a hardcape how they run? they showing there white paper, road map., investers interst not filled , no one succed.the same time scammers using to scam, they coming with a copy white papper a total aprax 200usd to make , website and athoer thinks they scam how much they claim /then they disapper .

[Trader123 32]

ICOs are ways for developers to raise funds in order to achieve their goals. So ICOs became like banks where funds are available from the public. As well as your project is you will get investors. This attracted criminal mind. The only way to protect yourself is to learn well about a project before investing in it. Also be aware of "to good to be true" projects.

[Franklin Guerrero 66]

Good topic to share, I think the detail is that the requirements and steps that need to be taken in order for this project to be developed as they raise it, when there are no certain agreements with major companies means that people do not place some demand in that ICO.

[mezabeatriz763 29]

usually most are not serious projects as only the creators of such tokens want to make a lot of money from the sale of their fake project.

[Yaseen97 26]

I withdraw btc from my loantech to my blockchain and I immediately add it to loantech again to top up the one I have there for over 8hrs now it haven’t reflect on my loantech balance..please anyone that can tell me what to do

[maryoar 148]

The reason why ICOs have become a kind of scam is because Internet companies or projects keep open the receipt of money from their clients without returning any product in exchange, in this case, the promised tokens. They do this with the intention of capitalizing on thereby misleading users. The causes of the increase in scams, according to data, point to the lack of regulation in a large part of the Initial Coin Offerings, since the creators have no contractual obligation to deliver a product and therefore the incentives to complete the projects are limited .

[Patso 53]

Все что приобретает стремительной популярности, рано или поздно  используют для мошеннических схем, ведь мошенники ориентируются чаще всего на массу людей которая также желает присоединиться к определенному мероприятия о котором они слышат отовсюду, но из-за своей некомпетентности в той или иной ситуации чаще всего становятся жертвами обмана.

[mifa 19]

A study, based on publicly available information and sources, claims that nearly 80 percent of initial coin offerings (ICOs) are scams, and only 8 percent of floating cryptocurrency offers have reached the stage of trading on various cryptocurrency exchange platforms.

[KrieG 111]

What is the weakness of all ICOs? And why is it famous for Scam? Simple we know that the price is decided by the market(offer and demand), right? but the fatal mistake is that they sell at a "cheap" price with the excuse that their crypto only when listed will reach 2 times the value of bitcoin, crazy right?,greetings.

[Mohmaza 46]

some ico become failures because they cannot collect the minimum of funds to develop their project or because their idea is not successful on the market

[GalaxyGuard 352]

I think there is no reason to be a scam

[volader 27]

1 hour ago, s rohman said:

Statistics from Tokentops reveal, 99% of ICOs have become SCAMs and have been confirmed as failures. Many ICOs offer the lure of too high a level of ROI (Return of Investment). Just imagine, an ICO (Initial Coins Offering) which was recently held like Dent offered an ROI of 57.659% or 576 times the initial investment. For those who think logically and normally, of course, already know that this kind of investment has the potential for SCAM or leads to fraud, which can then end in the disappearance of investment funds. The main reason behind this phenomenon can be traced back to the lack of awareness of developers or entrepreneurs of the three pillars that a Token must have:

1. Cryptoeconomics or Cryptoeconomics
2. Utilities
3. Security
Without an understanding of these three components, a token will find it difficult to compete with thousands of other coins. To help your understanding, here is a description of each of the important pillars above.

I agree with it, if token doesn't have these points don't be useful or can turned into scam.

[LUISAHG. 49]

Reasons why ICO became a scam.
Initial coin offerings, or ICOs, are very popular right now. This type of Ethereum-based crowdfunding has a leading role in financing crypto-related startups.
We can say that they are based on Ethereum because most of the time, ICOs are based on the Buterin Blockchain, since it can be used to develop smart contracts that regulate the funds raised.
For example, a smart contract can define funding goals and rules so that the money raised during the ICO can be spent only for the previously decided goal...

[giangvan 36]

At this point, it's not known that a cryptocurrencies site is a scam or legitimate. It's difficult to know about it.

[cooperallch 349]

Normally, the ICO is either created to give a coup or takes a coup to investors after being frustrated in failing to sell their tokens.

[mattsett 120]

It really is very easy to apply ICO scams, nowadays it is very risky to invest, but as you said today we have an IEO that is much safer in relation to that

[scofield64 943]

If an ICO could not reach it's target or goal then it's will turn into scam. Many investors don't have trust in ICO now, that's why ICO are losing their value now. It's better to invest in more valuable coin. 

[moonfox 274]

Because the easiest way to gain some profit is to promise golden moutains, than really to move own coin towards success and it is realy fast money, just selling a dream to some one to become rich

[MrSpasybo 1049]

Currently in 2020, the majority of projects choose IEO to conduct Token-sale in order to get a larger number of investors, because investors can trust large exchanges instead of putting money into ICO project has not been tested and evaluated.
Most ICO projects disappeared because they were unable to successfully create the platform they once promised. Maybe it's because the product isn't good enough, or they can't have many users.

[baraa ahmad 1]

The important thing is who behind the ICO, are they new or already have good track record?. They can use any platform to collect fund but trusted developer is very hard to find. Just advice see their social media and how good they built communication with members.