Can we still trust ICO Rating Sites Like ICOBench - page 7.

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: Tonymillions on June 20, 2018, 07:54:15 AM

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

it's not like unknown facts, but it is so easy and cheap actually =)) ICObench must do some audit or provide another rating system

Ade A Aziz

newbie

Activity: 221

Merit: 0

Quote from: Tonymillions on June 20, 2018, 07:54:15 AM

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.

In my opinion, do not be too confident with ICO rating sites. These sites are the only sources of information on ICO reviews, but do not serve as a basis for decision-making to participate. A detailed examination is needed to determine good decisions for ICO investments.

kimhervias29

newbie

Activity: 85

Merit: 0

Before I used to rely on ICOBench to check on what ICO to join. There were times that their review influenced my investment decision. But over time I realized that some of the ICOs that they gave raved reviews actually did badly after the ICO. I think ICO rating sites could be used to check on the info of the ICO but should not be your only basis for investment decisions. It is still important to do more research when joining cryptos.

ShareAccepted

member

Activity: 336

Merit: 11

Victorieum Digital Wallet Revolution

You can only trust yourself in crypto, but these sites are not bad themselves. The scores are not worth much but at least they give a hint on legitimacy.

tsaroz

legendary

Activity: 3164

Merit: 1069

We could never trust any ico rating sites as they are totally sponsored by the ICOs themselves in a different level.
Every thing they share should be considered an advertisement whether marked or not.

zhaviabieber405

newbie

Activity: 88

Merit: 0

No ofcourse not, they're just getting paid to give good ratings, expect they've made 10s of millions by now.

TheBiochemist

jr. member

Activity: 134

Merit: 2

Vi veri veniversum vivus vici

Great report thanks for sharing it as well

I never bothered to look at the ratings, better just research what one can to get an overview of the project of interest. There are many other sites but I would not trust any of them or at least not regard that number as strong information!

sarfwr

member

Activity: 210

Merit: 10

I haven't open this web site, the site of the score made me feel nausea, some of the fraud of the ICO project can still get a high score on the site, and most of the celebrity's score is just for the sake of the interest relationship.

e@symode

full member

Activity: 616

Merit: 100

I do not think that you need to rely on these sites, but in order to fully form an analysis, I would use this data, it is likely that these estimates are also bought, but so far there have been no cases when people would publish such data.

FrueGreads

legendary

Activity: 1582

Merit: 1059

It doesn't surprise me. I guess it's the same thing when we see top profile people promoting ICOs, like John McAfee or other well known individuals. Of course that I understand that a rating site should be impartial and more trustworthy, but if you think about it, when John McAfee gets paid to promote a ICO, he is actually "lying" and has no concern over his reputation, because he knows nothing real bad will happen for him. Rating sites don't really care as well, and they are not entities, so they just say whatever they want. They all know ICOs are risky, so it's hard for someone to blame them when things go wrong in the end, so it's hard to prove that their rate was not legit.

Way2Paradise

jr. member

Activity: 322

Merit: 1

i have not trusted icobench for a long time. there were too many, bad rumors.

this report confirms exactly what i thought.

Lingqingyi

member

Activity: 168

Merit: 10

Open and Transparent Science Powered By Blockchain

I advise you not to trust icobench, most of the time the review of this website is shit.
I suggest you refer to icodrops, because icodrops are objective.

Tonymillions

newbie

Activity: 131

Merit: 0

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

Topic: Can we still trust ICO Rating Sites Like ICOBench - page 7. (Read 865 times)