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ICO SCAMS EXPLAINED! WATCH BEFORE INVESTING IN AN ICO! 2018

3,523 views · Published 12 February 2018 · 9:09 · Indexed 29 October 2026

Channel: The Traveling Trader · 2018 · People & Blogs

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You've probably heard that most ICO 's are scams or that initial coin offerings are rife with scams and corruption. If you are wondering why that is, then watch the video for an explanation of the ICO cryptocurrency landscape and the ICO review process broken down.

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I always get these same questions: what is the ICO review process?
 are ICO 's worth it? are ICO 's safe? are ICO 's legal? what is an ICO?

Because the current cryptocurrency ICO market doesn't have ICO regulation, ICO scams are dime a dozen and the ICO review process is nonexistent. Unfortunately most initial coin offerings are a scam and are not legit. We will be seeing ICO regulation coming down the pike as we just saw in Gibraltar and that will eventually become a good for the future of cryptocurrency ICOs moving forward (https://cointelegraph.com/news/gibraltar-to-introduce-worlds-first-ico-regulations). While crypto ICOs could be profitable the chances are that you can be scammed are a lot higher. The ICO review process is broken and we need a better initial coin offering mechanism to raise money for ICO cryptocurrency projects.

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