Copy link
Increase text size
Decrease text size
Link copied

A third of U.S. crypto investors feel ICO founders deceived them intentionally

A recent survey revealed U.S. crypto investors' attitude on ICOs.

Image by CryptoTraveler from Pixabay

Thu, 03 Dec 2020, 17:26 pm UTC

With almost 80 percent of ICO in 2017 reportedly being scams, a study sought to gauge how the craze might have affected crypto investors’ sentiments. The survey revealed that almost a third of the respondents felt that ICO organizers back then were not too honest in their dealings with investors.

Thirty-three percent of survey participants answered that they felt that the ICO project intentionally deceived or withheld information from them, Bitcoin.com reported. The survey, titled “US-Based ICO Retail Investor Survey,” was conducted by Xangle Research with the aim of understanding” the experiences and insights of retail investors in ICO projects.”

However, the survey also revealed that 50.5 percent of the participating crypto investors do not feel that ICO organizer deceived or withheld information from them. Meanwhile, 16.8 percent say they do not know.

Xangle says that the responses meant that there are problems surrounding the transparency of these ICO projects. “Information asymmetry leads to investor confusion about projects and the perception of being willingly deceived about the information made available,” the report noted.

The survey also touched on the responsibility of ICO organizers. One of the questions asked was if cryptocurrency investors believed that “ICO project creators should be held criminally liable” for the failed projects.

More than half of 53.9 percent of respondents said that ICO founders should be held liable. Meanwhile, 18.5 percent answered “No,” while the remaining 27.6 percent said that they don’t know.

The survey also tried to gauge crypto investors’ attitudes towards ICOs taking into account their various experiences. “Looking back now, how do you feel about your decision to invest in ICOs?” the survey asked its 600 participants, all of which are based in the U.S.

Eleven percent said that they regretted their decision to invest in ICOs and expressed reluctance to invest again. However, 55.8 percent remained optimistic and said that they would still invest but plan to do more research before doing so.

“Some investors had a good experience, felt they had enough information and would do it again,” the report concluded. “Some investors would invest again, but felt like they didn’t know enough about the project, the technology, or how the ICO worked and would want to do more research before they invested again.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.12.12 07:21:43
I am a crypto currency trader and i make over 200% daily trading all day and night and also by passing even when market is down and others are resting , If you are interested, I can teach you how to trade and also help you achieve your goal in life with crypto i can turn 4 btc into $340,000.00 in less than four weeks, now that bitcoin has high prices...please note that crypto currency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins , bitcoin can also be traded for Ethereum, Litecoin, United States Dollar, Ripple, Euro, IOTA, and other stocks you need to put to trading on a daily basis with a very correct strategy and a target of profit as you get into the trading market with your capital. Also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more info....contact me on WhatsApp +1(206)-742-5358 we bless the lord for a year well spent .
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $36,642.50 (+1.08%)
  • Ethereum (ETH) $1,257.41 (+0.94%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.371500 (-3.70%)
  • Litecoin (LTC) $152.14 (+5.75%)
  • Bitcoin (BTC) $36,642.50 (+1.08%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft