A rise in the number of cryptocurrency projects and hence the ICOs has opened up a lot of opportunities for different kinds of people to make a quick buck. While most of these opportunities are clean and legitimate, there are some which aren’t, and can be classified as “borderline extortion.”
For any crowdsale or an ICO be successful, the promoters of the project have to work hard and even spend a small fortune on marketing and promotional campaigns, so that they can build trust among the community members, who will, in turn, contribute towards the project. If there are any doubts about the legitimacy of a project, community participation in the crowdsale could be severely impacted, leading to a failure of the ICO and in turn the project itself.
A lil, but instructive story. Truth can be blamed, but cannot be shamed, Do Not succumb to scammers!
proof: http://www.newsbtc.com/2017/12/08/ico-scammers-new-cybercriminal-breed/
For any crowdsale or an ICO be successful, the promoters of the project have to work hard and even spend a small fortune on marketing and promotional campaigns, so that they can build trust among the community members, who will, in turn, contribute towards the project. If there are any doubts about the legitimacy of a project, community participation in the crowdsale could be severely impacted, leading to a failure of the ICO and in turn the project itself.
A lil, but instructive story. Truth can be blamed, but cannot be shamed, Do Not succumb to scammers!
proof: http://www.newsbtc.com/2017/12/08/ico-scammers-new-cybercriminal-breed/
