ExitScam ICO's are damaging the Crypto-space Badly!

[masterrex]

Lately more and more exitscam ICO are wreaking havoc on crypto-space and the ICO market respectively and because of this many possible investors are wary and hesitant to invest in the ICO's Question is there anything we can do about this unfortunate situation.

[tsakf]

The only thing we can do, is to, avoid spreading knowledge about them. I don't know if we can do anything else. You can reply to this thread, if you have a better proposal.

[backfirst77]

This incident will make the image of the ICO project worse for investors. Because it will make investors think again to start following the new ICO. Although not all ICO projects are like that but will make bad news for the ICO world. Hopefully it will not make other ICO projects lose the trust of investors.

[hsyncl]

Certainly one of our biggest problems is the existence of these scam projects. The most damaging projects in this market are the useless projects that stand out for people's money.

[ZionRTZ]

This is like an old news to me. I've been hearing this since late 2017. This is mainly the reason why government institutions from different countries have tightened up on this type of crowdfunding model.

Is there anything we can do about this? As an investor, what you can do is not to participate in shady project and maybe you can report.

[Moshaid]

The only thing I thing I can think of is that Sites that gives ratings on certain project should improve on their ratings scheme in terms of credibility, legality and realness. Most new investors fall for these scam icos and at the end of the day such investor tends to opt out from the Crypto sector. So I think having a body that can give assuring information of various icos before investing should be good.

[MVT$]

The only thing I thing I can think of is that Sites that gives ratings on certain project should improve on their ratings scheme in terms of credibility, legality and realness. Most new investors fall for these scam icos and at the end of the day such investor tends to opt out from the Crypto sector. So I think having a body that can give assuring information of various icos before investing should be good.

Even ICO review sites are paid. They are somehow part of the scam.
They also have this scheme that they give ICOs a poor rate, then gives a better rating after that certain ICO subscribe to the products they offer.

[gurunanakji777]

Exitscam ICOs already damage the crypto world very badly. Due to this now investors are hardly putting their money into new project even some good projects also facing many challenges to survive due to the exitscam projects. These all concerns can be avoided by some regulations when these scammers has to answer and they will be afraid to scam people and apart from this if you sense the scam project early do not promote it and spread the awareness about such projects on crypto forums.