Quote from: Bobby park on February 18, 2019, 11:52:24 PM

Quote from: sjbi on February 08, 2019, 12:43:23 PM

Yes you are right. The incidents of new fake ICOs cheating investors and bounty hunters are rampant, and it seems it is unstoppable. So we investors and bounty hunters are those who are directly affected by such fake ICOs. So we must do something to prevent such malpractices from further doing harm. I think strict regulations are very much effective ways in this regard.

It is already there, we cannot stop them anymore. Eventhough there is a strict regulation in cryptocurrency, fake ICO still pass. Why? Because they can fake their documents at all. Maybe, there is no distinction in cryptocurrency specially to the fraud ICO but as an investor we should know their identity. I think having an identity of developers that we can see lively may help us to prove that they are true and serious with their projects.

And money talks. There are services out there who can help you legitimize your ICO as long as you do have the money to start with, maybe collected from your early investors. Once these 3rd party service providers promoted your ICO, it will all look legit convincing the newbies and the experienced ones to join in and invest in your newly created token.