Quote from: Rozita on November 06, 2018, 06:25:24 PM

Quote from: rltim555 on November 02, 2018, 11:52:26 AM

Yes, there is such problem. Basicly I can split all ICOs in 3 different groups:
1- blockchain infrastructure projects, where blockchain is a primarly purpose
2- projects, where blockchain is used indirectly
3- ICOs which use blockchain just to collect money.

And the most scam projects belong to the third group.
There are many projects claiming to produce something that doesn't relate to blockchain technology. They could produce that when they were no ICO. But that time they couldn't collect money as they needed license for that. Now cryptocurrencies are helping them to collect money for something that won't exist.

This is so true and it's so annoying to see such a project trying to raise millions of dollars for a project that won't cost much to build and when you see such a thing, you will know that they are after the money and nothing else.