Topic: 3 kinds of ICOs — Protect yourself - page 7. (Read 13704 times)

Really? I saw too many ICOs hyped from Russia without any good result after crowdsale. Example KICKICO, this's one of project from Russia, but look at the price of ICO token now. What is the reason make this token drop a lot of value like that? Below the ICO price and there's no large exchange accept it while it has raised more than 80.000 ETH from crowdsale. Bad project!

90% of ICOs are scams

YES - Very important aspect for ICO is the country they are from. The whole "eastern europe" ICO's are most of the time scam (Nowadays!).
On the other hand the best ICO so far are from Russia ETH, WAVES ...

Thank you for taking time to compile this. I have to say, I do agree with you 100%. With all the scamming going around unchecked, one can't be too careful. I think its interesting that you mention that people need to look out for icos in certain countries. Personally if the ICO is based in Eastern Europe and India, my antenna are raised. If the whole team is from any of those countries, I bounce :-/

Crowdholding claims that they have a working beta, which is good news. However, I can’t find it on their website. Have you used it? Have lots of people used it to help guide a startup to success?

Their white paper says that the problem is that too many startups fail due to lack of market need. Their solution is that funders (YUPIE token holders) will be able to tell the startups how to find market needs.

This is ridiculous. If this is the case, then companies would be asking their shareholders on what the market needs. Google, Apple, Facebook and the hundreds of thousands of companies should be asking their shareholders about market needs. They don’t. Why not? Because the shareholders do not know. The only people who will know are the end-users and customers. That’s why companies spend billions on market research, focus groups, free samples, surveys, product trials, etc., etc. The only people who know and will tell the truth are those who have to part with their money and will get enough value in return to justify it. Anyone who has studied Marketing knows this.

Let’s say that there is a startup that wants to sell Japanese seaweed snacks. How much are you willing to pay for the snacks? What would you recommend to the startup? Even if you wouldn’t eat this, how would you know others won’t? You may never have tasted it before, so you will have no idea. The only way the startup will know if these snacks will sell is if they do market research, in the right target markets, with product trials, etc.

Even if Crowdholding's idea has merit, how do you, as a YUPIE token holder, know for sure that startup companies will reward you after they succeed? The tokens are not legal contracts. You cannot get a judge to force the company to pay.

Startups take many years before they are financially successful. Most companies are still losing money when they go IPO on the stock market. Amazon is barely making any profits. Twitter is still losing money. Facebook took way longer than most companies to IPO and they barely showed a profit. Technology and growing companies rarely pay dividends. How long will you wait before Crowdholding’s startups start rewarding you?

I do not think Crowdholding is trying to scam anyone. They likely think that they have a good idea, but do not see the flaws. Most ICO buyers do not see these flaws because they haven’t spent enough time in the business world and are impressed by lots of jargon and big teams with fancy titles.

The only people who know and will tell the truth are those who have to part with their money and will get enough value in return to justify it. Anyone who has studied Marketing knows this.