Topic: BEWARE OF ICOBENCH - page 4. (Read 800 times)
i have not belief in ICOBENCH for a long time. This website assess many projects easily. when i wanna invest a blockchain project, i always go to icorating to check
this is terrible, I believe on ICObench so much. I always checked ICObench before join ICOs. and with this news, which ico rating should I believe to review ico? any suggestions?
it's a good news. I always thought that Icobench is one of the best sites about ICOs, but after reading your post i'm not so sure now. thank you so much for your information.
I've never liked the icobench website.
The site's ICO rating is pretty bad, and most of the time, some shit coin has a high score.
The site's ICO rating is pretty bad, and most of the time, some shit coin has a high score.
Is there any ICO-review site that does NOT offer payed exposure and higher ratings for ICOs that pay them money? I know, they need some money to cover website hosting and pay their staff, but they could get that money from traditional ads on the side of website.
Yes you may be right. We are gradually seeing more light into these ICO listing sites that just rate ICO based on how much they are paid and not based on the legibility and how effective the project is. So many of them have lost their integrity. Care needs to be taken before following ICO listing sites. That is why it is very much important to analyze projects by yourself.
I've heard before about it, thought it's just competitors trying to ruin it. But yeah, seems like Icobench's ratings are fake, though I barely made decision of investing by their ratings.
I always thought that Icobench is one of the best sites about ICOs, but after reading your post i'm not so sure now. Thanks for the information!
I think that you can not trust such sites at all, almost all of them sell their reviews. Sorry people who fall into this trap.
read your article, thanks for the information. A fairly well-known site in the crypto community. Is there a comment from the ICOBench?
In my opinion, almost most of the ICO listing sites are just there, they just want to profit, any project if they pay higher, then they will give ICO a better rating
ICO Bench, one of the biggest ICO listing site has been caught with multiple frauds. Let’s start from smallest one.
https://medium.com/@filip.poutintsev/beware-of-ico-bench-a41e401b69ea
I don’t recommend anyone having any business with the ICO Bench.
1. Overpriced useless promotional packages
Most expensive promotion package on ICO Bench is “Premium Hit” that costs 35 BTC and last 45 days. If you count highest price per day, “Premium Deluxe” last only 7 days and costs 10 BTC.
So what do you get for such high price? Not much. I’ve heard from several ICOs that the money they paid to ICO Bench were practically wasted. Yes you get some traffic, but compared to the amount it’s the most expensive traffic in crypto world and the quality is just average.
2. “Free” ICO listing
While ICO Bench claim to offer ICO listing, that’s a total lie. Well technically they do offer free listing, but you’ll have to wait for months to get listed and by that time your ICO sale will be probably already over.
3. Terrible customer support
In best cases you get a reply after 1–2 weeks, but if ICO Bench don’t find your message to be interested they will not reply at all. Writing on their social media also get no response. It seems even though they make huge amount of money only 1 person is handling customer support.
For example things like KYC procedure of ICO founders take huge amount of time, even if you paid for “premium listing”.
4. No one is checking ICO Expert application
Like with the customer support no one bothers to check Expert applications. People have been waiting for months with no results. I have been checking the list of Expert and in past few months and there hasn’t been any new faces on the list. It seems that no one is approving new Expert applications.
5. False ratings
ICO Bench’s own ICO rating bot “Benchy” will give rating according to which promotional package you bought. The more you paid the better rating you will have and if you only paid cheapest fee for listing, you’re rating will be low no matter how good your ICO is.
6. False ratings by ICO Experts
While accepting payment for rating is forbidden according to the terms, almost every expert does that and ICOs are happy to pay for it.
7. No company, no contact information
There is no legal information about ICO Bench. No company info, no physical address and no names of people behind the project.
If you search ICO Bench on Linkedin, you may discover few employees who all work from Russia, therefore it seems that ICO Bench is a Russian set up, though where it is legally registered (or if has been registered at all) is unknown.
It sure seems that ICO Bench does everything to hide the information of it’s founders, probably because of the reasons mentioned above.
Do you know any other dirty secrets of ICO Bench? Please share them in comment section!
It seems that creating website like a ICOBench is much profitable!https://medium.com/@filip.poutintsev/beware-of-ico-bench-a41e401b69ea
I don’t recommend anyone having any business with the ICO Bench.
1. Overpriced useless promotional packages
Most expensive promotion package on ICO Bench is “Premium Hit” that costs 35 BTC and last 45 days. If you count highest price per day, “Premium Deluxe” last only 7 days and costs 10 BTC.
So what do you get for such high price? Not much. I’ve heard from several ICOs that the money they paid to ICO Bench were practically wasted. Yes you get some traffic, but compared to the amount it’s the most expensive traffic in crypto world and the quality is just average.
2. “Free” ICO listing
While ICO Bench claim to offer ICO listing, that’s a total lie. Well technically they do offer free listing, but you’ll have to wait for months to get listed and by that time your ICO sale will be probably already over.
3. Terrible customer support
In best cases you get a reply after 1–2 weeks, but if ICO Bench don’t find your message to be interested they will not reply at all. Writing on their social media also get no response. It seems even though they make huge amount of money only 1 person is handling customer support.
For example things like KYC procedure of ICO founders take huge amount of time, even if you paid for “premium listing”.
4. No one is checking ICO Expert application
Like with the customer support no one bothers to check Expert applications. People have been waiting for months with no results. I have been checking the list of Expert and in past few months and there hasn’t been any new faces on the list. It seems that no one is approving new Expert applications.
5. False ratings
ICO Bench’s own ICO rating bot “Benchy” will give rating according to which promotional package you bought. The more you paid the better rating you will have and if you only paid cheapest fee for listing, you’re rating will be low no matter how good your ICO is.
6. False ratings by ICO Experts
While accepting payment for rating is forbidden according to the terms, almost every expert does that and ICOs are happy to pay for it.
7. No company, no contact information
There is no legal information about ICO Bench. No company info, no physical address and no names of people behind the project.
If you search ICO Bench on Linkedin, you may discover few employees who all work from Russia, therefore it seems that ICO Bench is a Russian set up, though where it is legally registered (or if has been registered at all) is unknown.
It sure seems that ICO Bench does everything to hide the information of it’s founders, probably because of the reasons mentioned above.
Do you know any other dirty secrets of ICO Bench? Please share them in comment section!
You will pay more for listing on ICOBench than for listing on the exchanges
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What a nice game & what a nice Pot!!!.
I'm not use icobench but it's not news for me. Every ICO's lists like Icodrops or other site sell out their services for crazy money because people trust them.
Thank upi for sharing this information. I hope your post will reach as many users as possible, cause such kind of ratings are useless in this case.Many people invest just after listing there and trust ICOBENCH rating too much. Of course investors should consider other sources of inforamtion but in any case ICOBENCH rating plays very significant role.
few months ago i ever wanted to use icobench fire, i tried request fire key to icobench, but till today icobench does not send fire key. I think it's free, but after I read your post, I was thinking, maybe using not free icobench api.
It is so expensive to have a good listings to that website $290,000 plus for a premium listing? 1 btc is so expensive for an ordinary person how much more for that price, if you have a good damn ICO then why to have a costly enlistment? it is better to use that amount bitcoin for promotional and development purposes of the project that's why you should never depend on the rating site though they may help, but to fully depend is not always the option, do your own ratings to find those good projects.
There are few trusted websites listing ICOs and don't think they list or promote scam ICOs as they offer good amount of money, so there is no need to search for different ico listing websites.
I believe, that if test all existing rating agencies, then of them good will be only 2-3 pieces. And what I want to say. If you are thinking of investing in ICO, it is better to sit on your own and check the team of interest, rather than relying on such altruistic sites.
ooops. Are you serious ?. Because I've seen that some projects are proudly telling that they have been got ratings at icobench. This is a news to me. Anyway, thanks for informing us.
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