I'm Curious what's the main essence of ICO

[Amphenomenon]

ICO are not bad, there are many people think most of the projects which chose ICO as their token release or in their tokenomics those projects are flop, yeah that's true to some extent but ICO are just underrated now due to IEO and some other ways but all just a way to release tokens into market and getting liqudity.

To be honest ICO deserves to be underrated from the fact that it has turn to a scope for scammers to often get victims. The IEO and others are they really important, what is the need for all this fundraising since they can also try to market their coins without this. Although it may not get the popularity they wants but with time a good coin will still attract the eyes of big investors.

[Paragon2]

ICO was very popular in the past, it is a fundraising scheme for projects to raise capital, some people were lucky to make money from ICO's, later turned IEO, IDO, etc, but most were scammed and lost a lot of money. These new tokens are just too risky for me to buy them, so i have never had interest in stuffs like this.

The truth is that many big investors have lost money because someone bought tokens here in ICO and IEO and those people later did not list the coins on the exchange. If that person faced complete loss then the project was useless, these projects are usually the most trusted by the team management because if they were listed on good exchanges then investors would get good feedback and would show interest in investing in unique projects.

[sampoerna]

To be honest ICO deserves to be underrated from the fact that it has turn to a scope for scammers to often get victims. The IEO and others are they really important, what is the need for all this fundraising since they can also try to market their coins without this. Although it may not get the popularity they wants but with time a good coin will still attract the eyes of big investors.

It's really crazy considering that when ICO was very trendy, this was a very big scam group. There were so many new projects popping up and using the ICO concept to do fundraising. But unfortunately, only a small percentage of projects are really serious about developing their projects, to the point of really distributing their tokens, listing them on top exchanges, and still developing their projects so that they can survive in various crypto market conditions.

However, as we know, on the other hand, there are many scam projects with ICOs, with the frills of having reached the hard-cap, but then immediately disappearing. Moreover, at that time, ICOs required KYC which actually had many cases of selling KYC data, not only that, many developer projects only did fundraising but did not list their coins even to this day. and did not return the money to their investors. Ah, never mind, what's worse is that in the past, there were many platforms that appeared that claimed to be platforms that provided value to ICO projects, and the plot twist was that they could be paid easily so that the project's rate would be good.

[milewilda]

ICO was very popular in the past, it is a fundraising scheme for projects to raise capital, some people were lucky to make money from ICO's, later turned IEO, IDO, etc, but most were scammed and lost a lot of money. These new tokens are just too risky for me to buy them, so i have never had interest in stuffs like this.

The truth is that many big investors have lost money because someone bought tokens here in ICO and IEO and those people later did not list the coins on the exchange. If that person faced complete loss then the project was useless, these projects are usually the most trusted by the team management because if they were listed on good exchanges then investors would get good feedback and would show interest in investing in unique projects.

Going back into those old days when ICO is the mainstream or trend, ETH and BNB ICO wayback on which i do have that huge regret that i havent been able to get in with those times.
Its true that not all projects do really ends up on success and tons of investors had lost up millions but of course when it comes into this aspect on which there's no way that you could really be able to make money if you wont really be making up some risks on taking up on ICO's. We do know that this is the earliest and cheapest price that you could really be able to get into.
If it turned out to be that having that pump because of demand and some hype then that would really be that a good advantage.

[bayu7adi]

Even since 2016, ICO also has a small project success rate... maybe it's true, we see project launchers get big fundraising when the new token sale period, but the execution of the existing project always seems flawed and ends in the death of the related project... maybe only 1 out of 10 projects seem to be able to survive when ICO was popular in 2016...

For now, ICO has really been abandoned, and meme coin investors are currently more focused on lucky schemes that hope for memecoin with small investments but hope for profits of up to 1000%... and the fundraising method is no longer called ICO you will hear a different term by utilizing the exchange platform,

[Mia Chloe]

I think ICOs were initially designed to provide a new way for some blockchain projects to raise funds from a global pool of investors actually the main needs for ICOs are fundraisin and community building. However, the ICO model has been kind of exploited by scammers, which has lead to market volatility and investor losses.

In order to cover up risks investors should conduct thorough research, evaluate whitepapers and check regulatory compliance. As an investor in projects like this you need to be cautious of unrealistic promises and also monitor project progress.

[Aanuoluwatofunmi]

This question do prick me, recently I do wonder the main essence of ICO because there are often times where this is just used for scamming, based on this report:

At Least 12 Solana Meme Coin Abandoned in Just One Month
On Monday, April 21, ZachXBT, a well-known blockchain investigator, uncovered that at least 12 meme coin projects on Solana were abandoned over the past month. These projects cumulatively raised about $26.7 million from investors before developers took off with the money.

We know there are other blockchain used aside the Solana blockchain, that's the overall scam rate will be higher than this monthly.
Questions
What are the need for ICO?
Also, why are there tendency for the price to be lower than the presale?

ICO are opportunities laid down for investors to make decision and select a coin to invest in right before they are being launched, this will help them to buy it at a cheaper rate, hold and wait till its being launched, then we deduct form the listing price from our investment price and also the possible pump in it after the listing, then take out our profits or leave it to remain as we may want it.

[Faisal2202]

To be honest ICO deserves to be underrated from the fact that it has turn to a scope for scammers to often get victims. The IEO and others are they really important, what is the need for all this fundraising since they can also try to market their coins without this. Although it may not get the popularity they wants but with time a good coin will still attract the eyes of big investors.

In current era, it's not that hard for all the new crypto projects to get some seed funding I can be wrong as I never started a project or made efforts to get funds and I know one always finds other's work more easy hehe so I said it because I have seen many projects not so good but still are getting 4$ million to 10 million funding.

IEO is hard for such projects as they have to get their project enlist in exchanges seed round or whatever they name them so when one or few of them will win the exchange will list their lapools, launchpads or IEO.

ICO are really a hub for spamming and rug pulling and now mostly abandoned by investors as well.

[Report]

There are many people who are experts in cryptocurrency but they do not have the funds to create a cryptocurrency-based coin so they create an ICO. Maybe in my personal opinion, ICO will continue to exist, it's just that the path is different and in the end it is still fundraising for a cryptocurrency project.
As far as I know, Ethereum, which is the 2nd ranked coin on Coinmarketcap until now, is also a coin that is the result of an ICO. That proves that from the past until now, ICOs are needed, although sometimes I see many ICOs that are scams.

[erus]

~snip~
Questions
What are the need for ICO?
Also, why are there tendency for the price to be lower than the presale?

1 https://announcements.bybit.com/en/article/xterio-xter-on-bybit-launchpad-3-0-now-live-blt58e2e8a7ec383e84/
2 https://announcements.bybit.com/en/article/bybit-launchpool-stake-seraph-mnt-or-usdt-to-earn-a-share-of-15-000-000-seraph--bltb6864443d36e684f/

1 Xterio (XTER) on Bybit Launchpad 3.0: Now Live
2 Bybit Launchpool: Stake SERAPH, MNT or USDT to Earn a Share of 15,000,000 SERAPH!

For this time , i'm never join ICO because i'm fear ICO will end with bad price in the market.
I saw this information on ByBit's main website and there it provides information about ICO and gives names like Launchpad and Launchpool.
Seeing the ICO that is present on ByBit proves that the crypto market still needs ICOs, I think the owner of this crypto project lacks funds so he has to use the ICO procedure. This is only my opinion.