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. Its quite alarming. Is there any possible way to filter or screen projects before running their ICOs to avoid scam?
Do you count projects that raise investments in ETH , BTC and choose to hold them instead of USD / EUR . And when btc drops from 20k to 6k they have less funds for development and there is no chance to continiue project at the moment . Do you count them as Scams ? I dont think so , its just a risk you take before investing . If you study every part of the Whitepaper and count the all factors that can happen in every situation then you can seperate, lets say good project from scam kinda project
I'm wondering is that the projects when Bitcoin reaches the $ 20000 mark, and the altcoin market is at the highest price, ICO projects only achieve soft-cap, then the cryptocurrency is now reduced from 80 to 90 percent. How to keep the money back enough to maintain the team and product?
The market boom covered a lot of things, investors had less need to be very diligent in their research as even scam projects raked in profits,I personally believe ICOs are too expensive now