Initially surrounded by a huge amount of hype, initial coin offerings turned out to be highly risky investment tools when the crypto market went down in 2018. Security breaches, scams and weak business models cost crypto investors billions of dollars. We analyzed three examples of last year’s failed ICOs, talking to people involved in the projects and other experts in order to understand what exactly went wrong.
#cointelegraph #news #ICO
Subscribe to Cointelegraph: https://goo.gl/JhmfdU
Follow COINTELEGRAPH:
Website: https://cointelegraph.com/
Telegram: https://telegram.me/thecointelegraph
Facebook: https://www.facebook.com/cointelegraph
Twitter: https://twitter.com/cointelegraph
Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.
Top 3 ICO Fails of 2018
source
Scam ppl for 4 mil, pay fine 2,7mil – profit
glad I never invest in ico's! 😀
Don't trust the indians nor the muslims, they are mostly scammers.
Envion?
Gems sounded like a really good idea
Lol.. bee token..glad I couldn’t get in on that one
What about the exit scam from savedroid that ended up being a marketing stunt 😀 and my most succesful ICO is Nauticus and Enjin at the moment ! Nauticus is up 80% and ENjin is up 70% at the moment!
No Bitconnect?
It’s a pattern. Ethereum is the mother fucker supporting all this scam coins.