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Topic: Can we still trust ICO Rating Sites Like ICOBench (Read 828 times)

hero member
Activity: 1032
Merit: 502
If some ico have enough money, then most likely this ico could buy any rating if required. So when you're making an investment based on rating, you need to do an additional research.
newbie
Activity: 79
Merit: 0
Do not trust ratings, they are always deceptive.
Rating is from the quality of filling in the profile on the site
member
Activity: 364
Merit: 10
take & Vote or Become a IoTeX Delegate!
Right from the time I join crypto space, I don't use to believe ICO rating sites unless i have done my own research and believe in their rating, most of their expertise solicits money for them to give a good review, so it is good everyone do their own research and compare with theirs
member
Activity: 392
Merit: 49
Thanks for bringing up this topic OP! I also agree that most ICO sites are mostly paid of the ICO teams to get a high ranking and the project itself is not rated as such. I recommend to use these platform only as an overview and don't take there ratings too serious.

Well I use icobench and some other ico rating platforms to do part of my research when I want to invest my money or time. But I don't see them as fool proof. Even the highly rated icos can fail or even scam. Just do additional analysis.
Yes if the ratings are real, but I doubt this. There are so much shady marketing campaigns recently...
sr. member
Activity: 714
Merit: 250
It seems the website owner provides a fee for giving a high rating which indirectly promotes their ICO.
I suggest you to still do analyse by reading an ICO whitepaper before invest.
I agree, it is better not to trust this site for choosing an Ico to joined. Usually they ask for fees better to do such investigation first before judging any Ico. We have to be observant first this is for our own good to avoid scam.
sr. member
Activity: 1638
Merit: 425
This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

Actually we may consider the results on any ICO rating sites but the fact that it won't determine the real outcome of the project or it is just speculations made by the majority, we should not rely that much when choosing an ICO to invest or participate with. As an investor, you should make your own assumption because it would be your money to be invested so the decision would still be depending to the investor himself.
full member
Activity: 462
Merit: 100
MYCRYPTOBANK.IO
It seems the website owner provides a fee for giving a high rating which indirectly promotes their ICO.
I suggest you to still do analyse by reading an ICO whitepaper before invest.
full member
Activity: 532
Merit: 101
Well I use icobench and some other ico rating platforms to do part of my research when I want to invest my money or time. But I don't see them as fool proof. Even the highly rated icos can fail or even scam. Just do additional analysis.
full member
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

Well, it's no surprise. They created that ICO rating site with the intent of making money so it would not surpise me if they will accept money for a fake rating.
member
Activity: 182
Merit: 10
Perhaps, and you can trust. But I'm used to believing more reviews from the crypto-drivers themselves. After all, this information is much more reliable. Than ratings on sites. But this is purely my opinion of course.
newbie
Activity: 140
Merit: 0
Definitely can't trust ico bench for anything. Any ico scoring site that receive money to rank icos are just completely scammy.
jr. member
Activity: 210
Merit: 1
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
ICO Rating site really have trust issues.We should not trust their ratings blindly.May be anyone can buy them for money.Who knows.Its always better to study yourself more abut the project you are going to invest.
newbie
Activity: 32
Merit: 0
I'm interested in the rating on ICOBench and other sites, I'm wondering what they think about the ICO. I do not particularly believe in the high rating, but the low score worries me. I prefer not to participate in such companies.
newbie
Activity: 91
Merit: 0
Alas this is a reality, Many companies buy ratings making the company a bounty on the platform. This is enough for them to attract investment . Most often, such a company has no prospects
newbie
Activity: 54
Merit: 0
I don't really trust any ico rating site because i saw some scam projects have high ICO rating,but its scam money from everyone who invest in its.it is really bad
newbie
Activity: 32
Merit: 0
I invest in ICO tokens. When I choose ICO, I do not pay, first of all, on the ratings of the rating sites. This is in 3-4 place. I'm looking at a worthwhile product, an experienced team from previous projects.
member
Activity: 644
Merit: 10
This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

I would take a grain of salt in some ICO rating sites like ICObench. Some of them are biased towards the project because they get paid to have a positive reviews. I always do my own research before I could participate in some bounty projects. Don't rely to much in ICO rating sites, use it only as a guide or another source of information.
full member
Activity: 280
Merit: 100
No, we cannot because all estimates on such resources can be bought. The only resourse that I can advise is icodrops. There you can find a good projects.
sr. member
Activity: 1078
Merit: 250
http://unidapp.app
This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

I personally hate using ICOBench to search for ICO projects because indeed the projects they listed are all junk and not worthy of development. Most good projects are not listed here and ICOBench is the only place to make money for an individual organization so do not trust absolutely on this site
newbie
Activity: 266
Merit: 0
believe or not believe it back to your personal, I make ICO Rating Website as my reference to establish confidence in participating in a bounty project, ICO Rating I never made the main benchmark
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