Topic: Changes in ICO platform must be done! (Read 359 times)
I have stopped investing in ICOs as they were not profitable for me at all and after listing I could buy their tokens much cheaper than ICO price was. Back in 2017 you could see good price only in ICO phase. Bearish market conditions are not favoring ICOs at all.
actually, a lot has to be changed so that the ICO is trusted again by the Investor. one of them is that they must provide security guarantees for the funds of their supporters and there are no more fraudulent projects. ICO founders must really manage their projects well, especially for the coins they have born. they must be able to truly maintain the quality of coins price when they enter the exchange so that after exchange there will be more people looking for their coins.
I do not think this is about ICOs. This is about the recent price fall and positiveness. Everyone agreed that the ICOs are scam, and turn to exchange launchpad. But they can not see that it is their own power, not exchange.
The market is plagued by a plethora of worthless coins and fraudulent ICOs that appear. And it is not surprising, as long as there is a temptation for fraudsters in the ICO sector. And only tough rules are able to restore order. Binance Launchpad partially contributes to the fight against illegal projects. Over time, confidence will return to all honest projects, if fraud decreases significantly.
Ico is not best way how to get money and profit right now, never trying for investing more on ICO because you will be more disappointed when price listing on exchange lower, keep investing after listing on exchange market.
I think you are right because right now it's much cheaper when it hit the market, on the other side if you are not going to support the project in their ICO stage there is not a possibility it will succeed and hit the market, and of course, ICO offers a generous bonus.
For sure it is needed. But I believe that with the launch of different STOs we are moving towards the right direction. We need to find how to protect investors from scam projects, and if we would, there will be much more successful projects.
I suggest as follows:
First upcoming ICOs should undergo screening to ascertain if their project idea and potential investors are viable and feasible.
Secondly ICOs should be backed up with insurance, such that should incase they do not meet up with their targeted fund the insurance company will make up the expected fund.
Lastly every ICO should first be listed on a reputable exchange before hand .
First upcoming ICOs should undergo screening to ascertain if their project idea and potential investors are viable and feasible.
Secondly ICOs should be backed up with insurance, such that should incase they do not meet up with their targeted fund the insurance company will make up the expected fund.
Lastly every ICO should first be listed on a reputable exchange before hand .
In my opinion, STO and the recently launched platform from Finance Launchpad, solve the problem of ICO and investor confidence in new projects. But for investors it is important that the coins showed growth and were profitable, but at the moment the market this is not raspolagaet. Therefore, the problem is much more serious than just investors ' distrust of the ICO and a huge number of scams.
Only a reliable intermediary between a startup and an investor will be able to correct this situation. Which will give the project team funds for each stage of the roadmap or return the money to the investor in case of project failure.
The team should be more active and very open, most of the ICO companies starting up this days don't have a real ground at which you can track them if anything goes wrong, this is why they can carry out scam without having any fear of being caught.
There is also be a platform where companies holders would have to pass through a KYC process before they can be approved for operation, this will build more confidence for investors.
There is also be a platform where companies holders would have to pass through a KYC process before they can be approved for operation, this will build more confidence for investors.
If ICO can be regulated, say get a body to review and ascertain any project that wishes to go into ICO, I think so many abnormalities will be checkmated. Teams are not above KYC. The regulatory body if any has to perform thorough KYC on the project teams to know who to hold responsible of investors funds.
The only way out I always think of about ico is that, if there can be a trust organization and platform where any new projects have to register before conducting any ico and there will be a verification from this organization on any project which pass through their verification. Once verified people can buy the project idea.
Ico nowadays are scam. I mean there are lots of scams and it's hard to choose what project should we invest in. And also, there are projects that doesn't have a product so what is happening is just a "pump and dump" tokens. So what will investors do? They will just wait until it is listed in the market coz it is probably cheaper in the ico price.
You can't change anything but devs can change their strategies to survive.
You can't change anything but devs can change their strategies to survive.
I agree, some kind of regulation needs to be done to make the ICO team responsible if they don't make a project successful. I mean its too easy for them right now to scam anyone and then disappear.
So easy that we now have hundreds of scam and failed ICO, people are shouting for regulation and you right but who can do that and how is that going to be done, have you read about STO maybe it's time for us to shift and maybe this is the game changer for investors and bounty hunters.
it was hardly a "revolution" bro. it was mostly like the biggest scam of past 10 years in cryptocurrency market which involved the biggest amount of money and largest number of people who got scammed.
there is nothing you could change in platforms to change that! the nature of ICO is scam to begin with so no matter how you try and what you change they will remain the same.
there is nothing you could change in platforms to change that! the nature of ICO is scam to begin with so no matter how you try and what you change they will remain the same.
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
I left the ICO because I cannot find a good and legit ICO to promote and invest after I left my last one which is a good ICO for me after that i shifted to a gambling site to promote it's much better than waiting for 3 to 5 months for your token to arrive which you are not sure if it will have a value at all.
The only problem here is that there are far more scam ICO than legit ones which is why ICO is slowly diminishing. This legit ICOs are like a needle hidden in a stack of hay, you can't find it but when you do, it's too late. I think regulation would be good enough to separate this one. A solid rule that needs to be followed before people could invest. Like for example, proof that they are really legit and working on something, some security that would prevent the scam from happening. I think a good example of this is Binance Launchpad.
I think we have to see first what regulation will include. Regulation may create a new area for us. But it may close some gate also. I can't predict what will be happen with regulation.
The only problem here is that there are far more scam ICO than legit ones which is why ICO is slowly diminishing. This legit ICOs are like a needle hidden in a stack of hay, you can't find it but when you do, it's too late. I think regulation would be good enough to separate this one. A solid rule that needs to be followed before people could invest. Like for example, proof that they are really legit and working on something, some security that would prevent the scam from happening. I think a good example of this is Binance Launchpad.
I agree, some kind of regulation needs to be done to make the ICO team responsible if they don't make a project successful. I mean its too easy for them right now to scam anyone and then disappear.
Another more year of this messed up ICO and it's going to be over, scam ICO is the scourge of cryptocurrency, I am reading a lot of positive things about STO this could be the one that we all wanted to replace ICO a more regulated crowdfunding that guaranty investors trust.
Totally agree. Regulations in Iico must be tight. This is to protect investors who will invest. Then avoid the emergence of ico skamm that is utilized by the developers. And avoid the fall of the price of the token if it is already listed on the stock.
I agree, some kind of regulation needs to be done to make the ICO team responsible if they don't make a project successful. I mean its too easy for them right now to scam anyone and then disappear.
Now every person who wants to be associated with the ICO industry just needs to wait for changes in the market regulation rules. I am sure it will happen soon
Maybe the answer is STO or Security Token Offering, they say it is safer and regulated and they are more likely to make a profit for investors if this is true this could be the big switch we are waiting for a long time, it will turn off the switch for ICO if this happens.
it is really hard to combat scam projects under ICO-type projects. it is more of investors' responsibility to take care of his investments. since there is no central authority governing these projects, everyone can create and design their own techniques on how to attract investors, where sadly, most of them were built by lies and deceit. it is your own self that is to blame when a certain project fails and lost your money. the process of going after those scammers are tough that you might want to move on instead of dwelling on your failure of detecting their fraudulent activity.
Now every person who wants to be associated with the ICO industry just needs to wait for changes in the market regulation rules. I am sure it will happen soon
Maybe the answer is STO or Security Token Offering, they say it is safer and regulated and they are more likely to make a profit for investors if this is true this could be the big switch we are waiting for a long time, it will turn off the switch for ICO if this happens.
I think the ICO project must be able to guarantee that the token will have a higher price when it is listed on the exchange. Because the purpose of investors investing in the ICO project is to make a profit. But in reality now, many ICO projects where their tokens are priced lower than ICO prices when listed on the exchange.
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
We badly need regulation even those projects that are being run by legit developers are having a hard time funding their project because of investors losing their confidence in the ICO, this is really bad for the economy there are reports that there will be a shift from ICO to STO but we need more information and how will this help investors.
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
I think that as a result of that period, ICOs are now managed by big exchanges. Thus, the problem of trust is slightly reduced. However, we are still in the big winter season. We need time.
There is really no new way to make ICO more trustworthy source for investors but I think its really on investors if they get scammed off there money ,I know that we still have many fake projects in ICO world but once you learn to invest in legit projects youve ultimately reduced the risk of getting scammed ,I know that even working projects do fails but there won't be any high risk
What matters now is to invest in ICO that has working products and private investment,with private funds it means a lot ,its either bigger companies already invested or the teams themselves so they will make sure to keep the project alive even if hardcap is never reached
Most ICOs are already changing the way it performs, it is turning into STO. This is a good concept that increases the security of investors money. One suggested change should be made like this(+-): "ICO token should be a sale in exchange, after the ICO end, the token should be listed in that exchange for public use. The raised fund in BTC/ETH should be in custody for at least one year and given to the team proportionally for development of the project. This way you can reduce scammy ICOs.
Yes they need to come with new revolution as ICO's have very bad impact on the people because of the scammers, they need to gain trust. I am not saying the entire ICO's are not good, they need to change the atmosphere of ICO's which should be genuine and unique.
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
Outrightly, there are demise of the scam projects and run away ico because investors are now wiser up than in 2017 when everyone rushed every ico project
Icos have made a lot of successes in 2019; and icos have failed too
So it means that the good projects will always get sold out
What I think about is how ICO is going forward in tightening. Like new rules. To avoid ICo scam. Because someone is very easy to make a very good project but in reality it is a scam project. And investors should analyze it again so that the same thing doesn't happen again. Because all of this is the decision of each person.
the first of course is that the funds are very important to run the project further. but what is very important is how developers develop their projects. I don't think it's enough and it's very important for developers to develop projects again after they are listed on the market, not out of control when they enter the stock market and there are no price changes anymore.
Now every person who wants to be associated with the ICO industry just needs to wait for changes in the market regulation rules. I am sure it will happen soon
The ICO revolution started to reach its peak in 2017 but the following year we saw its withering partly because people lost money with the many projects that went into the scam list or those that were just outright failure. Now, we are witnessing the demise of the ICO platform but we also know that this can be a good platform to raise money especially for startups there just have to big changes that must be done to make this a win-win for both project proponents and their supporters who are coughing out the money.
What do you think are the necessary changes for the ICO platform to make it more responsive and more investor-friendly? Please share your ideas and concerns...
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