All I hear about is that ICOs are scams and you need to watch out... Can someone explain why so many of these things are scams? What percentage do you think are legit businesses?
Often scammers do not write about themselves, but about frontmen who will help to maintain anonymity to the founders. The key to a successful ICO is experienced professionals who can be easily found on facebook or Linkedin. And best of all, when the team is made up of famous people who were previously involved in some steep projects.
What percentage do you think are legit businesses?
Every day, it is announced up to 20 projects that plan the initial placement of coins. But only 3% of start-ups realize the project according to the promises voiced during the ICO.