• Home News New Report Finds 33% of US-Based ICO Investors Felt Projects Deceived Them, Many Believe Creators Should Be Held Criminally Liable

New Report Finds 33% of US-Based ICO Investors Felt Projects Deceived Them, Many Believe Creators Should Be Held Criminally Liable

Posted 02 Dec-2020 07:16 PM by Mia | 529

Crypto disclosure and transparency platform Xangle has released the findings from their new ICO Retail Investor Sentiment and Outlook 2020 report.  


The objective of the survey was to better understand the experiences and overall sentiment of U.S.-based retail investors who have invested in ICO projects. On Oct. 22, 2020, X angle surveyed 600 investors who live in the U.S. and invested in an ICO at some point between 2017 and when we conducted.



Key Findings Uncovered:

56% would make another investment but felt they needed more information and research to help them.

33% felt that the ICO deceived them or withheld information from them, with 17% unable to determine whether they were deceived or not.

Of the 33% who felt deceived by their ICO, 54% believed that the ICO founders should be held criminally liable for their actions.


Respondents felt that a lack of regulation, awareness, and security is holding the crypto market back.

Respondents felt that more accountability, investor protection, and information are needed to increase investor buy-in.

Commenting on the findings, James Junwoo Kim, co-founder of Xangle, said: “The survey findings confirmed our belief that there’s a lot of opportunity and need in the crypto industry for better transparency and visibility for upcoming crypto projects, which can build investor trust and confidence.”


Source:https://www.pressrelease.com/news/new-report-finds-33-of-us-based-ico-investors-felt-projects-deceived-21267819


Tags:

upcoming crypto projects, crypto market back, crypto Affordable Press Release Network, Affordable Press Release Services, Affordable Press Release Distribution Site, Free Press Release Service, Free Press Release

Company Information

Company Name Contact Person Contact Number Email Id Website Address
XAngle Mia Alexa

Other Crypto news Related Press Release News

CRYPTO GRANNY PREDICTS 2020 BOOM IN CRYPTOCURRENCIES & ALTCOINS Free

[Australia] Cryptocurrency & Blockchain YouTube influencer popularly known as “Crypto Granny” within the community...Read More


Cryptowisser has announced new Comparision Tool. Free

crypto service comparison site, Cryptowisser has now released its revolutionary Comparision tool which helps you compare cryptocurrency exchanges...Read More


Limited Edition Watch Launch - Free the Money, Free the World by Franck Muller and Bitcoin Free

Bitcoin.com Announces Partnership With Luxury Watchmaker Franck MullerBitcoin, announced the launch of a new Franck Muller luxury watch called “Free...Read More


Asset Manager Vaneck Launches physically-backed Bitcoin Exchange-Traded Note Free

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exch...Read More


SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value Free

SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of ValueThe chairman of the U.S. Securities and Exchange Commission ( SE...Read More