Unfortunately this positive development is also offset by the emergence of various negative projects aimed at scam or fraud, who ride the booming world of cryptocurrency and make use of public and lack layman of info about this new technology.
I add one point that I understand:
-Hype marketing,,
Alert to all kinds of marketing hype, promotional types that use fantastic words and phrases and also try to exaggerate the potential of a project without clear evidence,
Topic: 4 main reasons why ICO projects are not trusted - page 4. (Read 735 times)
At the moment, even communication with team will not save you from fraud of any kind. Main thing you need to recognize - Does the idea brings added value to the industry or not, than you'll decide to invest or not. This is not 100% guarantee too, but who wants to kill the working business?)
Yes. Team can ban in chats if you ask them questions they do not like and answer only questions that they want to see. That happens all the time.
At the moment, even communication with team will not save you from fraud of any kind. Main thing you need to recognize - Does the idea brings added value to the industry or not, than you'll decide to invest or not. This is not 100% guarantee too, but who wants to kill the working business?)
Yes. Team can ban in chats if you ask them questions they do not like and answer only questions that they want to see. That happens all the time.
At the moment, even communication with team will not save you from fraud of any kind. Main thing you need to recognize - Does the idea brings added value to the industry or not, than you'll decide to invest or not. This is not 100% guarantee too, but who wants to kill the working business?)
most especially this lending coin ico. they dont want to reveal them self..
Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.
The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
hmm yes i could definately fix this, but many ico projects are beeing targeted by their countries "authorities" or shall i say the money printing elite,
so they cant be public at all, was bitcoin public? did they avoided anonymity? even if you answer question many people dont understand them, or simply the managment causes so many costs that you cant focus on the yield generating work,
neither way, the distrust will also kill kryptoeconomics and bitcoin & co. because there is no one realizing economic values.
regards
It is really hard to chose a good ICO for investment, cause of many projects are without violable. Many experts are saying that 99% of all ICO projects are scam and only 1% are going to succeed. Today it is very easy to cover such weak projects under the mask of a successful one, such marketplace as Fiverr have been offering ICO whitepapers for less than $100.
You can read here everything more particularly: https://cointelegraph.com/news/experts-caution-investors-against-cash-grab-icos-buterin-speaks-out
You can read here everything more particularly: https://cointelegraph.com/news/experts-caution-investors-against-cash-grab-icos-buterin-speaks-out
Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.
The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
this is my solution, ignore the ico project that does not include their linkedn link, simple.The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
Agree with you. At least, it avoid you to dive into an ICO that doesn't worth it. I see what you mentionned like clues to evaluate the potential and the seriousness of the project (aside others factors of course)
All the point you have raised is what characterized open source, decentralized idea! Majority of us are not here for celebrity status that is why if you are buying to ICO, you mustdoyour own research and accept the risk you are willing to take!
Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.
The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
this is my solution, ignore the ico project that does not include their linkedn link, simple. The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.
The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.
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