Post
Topic
Board Altcoin Discussion
Re: Why Are There Many Projects Like This?
by
raven7886
on 13/02/2019, 20:33:47 UTC
Most projects just try to make money. The idea that they offer is already in another project. But even in this version, if everything is properly organized, the project will be able to bring profit to its investors. But for this you need to make a lot of effort.
Everybody here is wanting to make money. All the projects are being created for making money but it should be from achieving the real goal of the project and should not be by just attracting investors during ICO phase. I mean an ICO may go for making money by keep attracting investors by proving their solutions but scammy people are cheating investors and dumping their tokens once they reach exchanges.

I guess when we will be having some regulating initiative by this community, those scammy people may find hard time and then we may have healthier environments here.
They want to make money, but they can not afford to develop the project into reality. That's why after most projects died after finishing ICO for a while, I read a lot of whitepaper and many different projects. They have great ideas but they never want to do it, they just want money
I was thinking those failed ICOs were due to down trend of ETH or entire crypto space but you are giving another possibilities like they were all pure planned scams like they came here to run ICO only to get people's money. That is really a bad thing for this community. I guess we must take some big steps to prevent these things not be happening again and again.