Post
Topic
Board Altcoin Discussion
Re: ICO's Have Been Getting EXPOSED! Finally...
by
Sithara007
on 03/05/2019, 07:34:22 UTC
If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.

I won't say that 99.9% of the ICOs are garbage, but currently around 80% to 90% of them can be given such a description. There was never any shortage of scammers in the crypto world. But the scammers were quick to notice that scamming investors is very easy with the ICOs. That's why after the success we had in 2017, so many of the ICOs of 2018 turned out to be scams. Perhaps buoyed by their profits in 2017, some of the investors also failed to thoroughly examine the ICOs during 2018.