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Quite a lot of countries mentioned here. Others are just asking to confirm you are not from China or the USA. Quite a bothering trend - to know that all these countries reject ICOs and crypto or stigmatize them as "illegal"

The rumour has it that 80% of ICOs are scamful, that's why they are prohibiting. I even came across such a "study" recently.

Another thing is that no one wants to analyze the projects and put some efforts to getting the details. It's much easier to blame the project you invested in that acknowledge that it is actually you who bears all the responsibility for investing.

Sorry for digressing in this thread, it's just a very painful topic for me

Yeah, i read this article too. They picked the ICOs that had a minimum market cap of $50M and were expected to go into active trading and categorized them into six different groups: Scam, Failed, Gone Dead, Dwindling, Promising, and Successful.The study results reveal that of the whole pie, a whopping 81 percent of the ICOs turned out to be scams. Another 6 percent fell into the Failed category, and 5 percent had Gone Dead, taking the total for Failure to List group to 92 percent.

And despite all these negative and depressing statistics we're still participating in ICOs, 'couse we trully believe in these 8%

Sorry to intrude, but how to spot a great ICO and avoid scam?

I think one of the most obvious red flags is the lack of detail on how the technology works. So check the WP
And don't worry you need not be a technical geek in order to distinguish real from fake one. You just need to be attentive

aryan7980

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