Quote from: gbale on October 06, 2018, 04:21:47 PM

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

You are absolutely right that most projects are just making promises to do this or that according to a rather blurry roadmap. In fact, most of these promises are either being cancelled or postponed (e.g. they promised to list the token in November, but "due to severe market conditions" listing will take place in May next year, so investors are basically loosing their money and time).
The solution of the problem could be the availability of a working test product for any project that wants to start its ICO. Yes, in this case the developers will have to work for no money for some time before the necessary funds are collected, but at least they will present the actual implementation of the idea that lies under the project that can persuade the investors to believe their promises.

max fray

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