Post
Topic
Board Altcoin Discussion
Re: 80% of ICOs from 2017 were scams.
by
bohr
on 23/08/2018, 20:28:51 UTC
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
There is not much to do, we cannot change the way this market works, if even governments are unable to do something about it then we cannot do much, so the only thing you can do is to read about the icos in which you are interested, I know that with the amount of icos in the market this soon becomes a full time job but if you really care about getting profits then that is something that you will have to do.