Post
Topic
Board Altcoin Discussion
Re: SCAM ICOs, what we can do?
by
chip1994
on 07/02/2020, 10:30:44 UTC
Hi, recently so many past-ICOs turned into a scam or a deadcoin.
Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
Of course not, but because the ICO contract is so lacking in commitment it leads to so many fraudulent projects. Actually when we invest, we don't make any commitment to the team. just the act of sending money to others and expecting them to use our money properly. ICOs are just a capital raising program and it does not guarantee us anything. so scammers make use of this loophole to cheat a lot of people. Be careful and read the project's roadmap carefully before sending money to anyone. In addition, to be safe, you should invest in big exchange's IEO, it makes more sense. Binance's WRX has now been x8 times the price of IEO.