Some ICOs may have a great business model but instead of doing a traditional fund raising or an IPO, they opted for a token sale. Their tokens have no real utility and are only used as a speculation device. The ICO fatigue is clearly shown in the current market state. However, there are still projects with a real use case for their token and application backed by a strong industry and those projects will thrive.
Here's an article about 10 characteristics a utility token should have:
https://medium.com/@marc.couzic/make-utility-tokens-great-again-f236b64ee31b
Topic: Do not invest in ICO anymore. Do not Feed scammers - page 24. (Read 4981 times)
I still buying an ico if the project looks good and the team member looks legit, with one condition, their giveaway plan must not be so much, if the project held a big giveaway, i usually buying the project in an exchanger not on ico
not entirely true, but I agree that most ICOs become scams when they offer a roadmap that is too unrealistic. but I also hope that future ICO projects will have projects with real products and have strong dedication
I think you shouldnt think only about icos. Icos are dead because of bear market like all the altcoins. So we dont need to be enemy for icos. That is only market cycle. In next bull i am sure we will see to much ico again with good roi.
Yes, mostly (98-99%) they are scammers. I just wondered in 2017 how easy people gave their money to everyone who called their 'projects' ICO. But i think it is still exist small hope that some projects really will give us innovations and great development.
ICOs are full of scam and their level of security has been decreased not so much time ago. I am sure there will be on the topin the future when the problem of scam will be solved.
Sounds good but I am not sure that people are ready to move out of ICOs. I think that Scammers will be here for all the time but now this problem is more actual.
According to my calculation and analysis, I can say that 10 out of 100 ICO are really working on improving their product.And it's not bad.Many have stopped investing now because of the red market.I am also sure that there are still good ideas and people who will conduct ICO not only for the purpose of enrichment.And I do not understand the thoughts of investors who make an investment, immediately after the listing of tokens hope to get rich.As a rule, to make a profit from investments in ICO, you need to wait for a certain time.
Hey, I'm kind of a lazy adventurist on all the crypto market of course I have invested in it quite a lot but there are still many good projects out there. For example for tourism, medicine, artificial intelligence and etc. Yes you may never see your crypto again but remember that Bitcoin used to cost a few cents in the begining. Always invest smart and think twice before taking actions.
ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
Yes you're right most of the ICOs out there are scam, but with the right research and decision before participating in an ICO can lower the chances that the ICO your investing or participating on is a scam. Also there are still good ICOs out there with projects that could really be of great help on the crypto community. I agree that you should not let scammers do their thing. I think that being aware and doing enough research before investing on an ICO could save you from a lot trouble.
I agree that we should not feed scammers and should be careful while investing, but at the same time we should keep in mind that development of crypto market is impossible without new projects. I think rating platforms should be more resize and realistic while rating ICOs. I personally always look at icoguide.com's rates as they are not paid, but not all platforms are so fare.
I agree with some of your statements that it is really not suitable for investing in ICO, because there are too many fraudsters here, they make a lot of shitcoin and then start to lie to everyone. But at the same time, I also believe that there are still some real teams doing some useful research. We can invest in such ICOs, but now it is difficult for us to pick them out among the many fake ICOs.
What makes y'all think that even if you are investing in what is already in the market you are still not feeding scammers? Most of the coins in the market do not even have any real life product and some teams do not even have any plans at all to want to build any. If you invest in such projects for the long term, I see no difference in someone who is investing in scam ICOs as well.What is important is for you to know that due diligence is important and any project you are not comfortable investing in based on some of the things you have seen from your due diligence, then do not invest in it. The fact that there are scam ICOs does not mean there are no good ones, it is only dependent on how smart you are to identifying them.
this will also eventually stop. as you can see it is being slowed down drastically as the scams became severe and clear to everyone. but like always there will be gamblers who will ignore all the warnings and still participate in the scams letting these ICO scammers take their money and run away with it. but as they also lose money they will also stop at some point and we can finally close this dark chapter in cryptocurrency market and put an stop to the ICO nonsense.
although you shouldn't be happy about it because that means a new method of scamming will emerge soon after ICOs died!
although you shouldn't be happy about it because that means a new method of scamming will emerge soon after ICOs died!
Exactly. That's why it's pointless to abandon all ICOs, even if that was possible, in order to avoid scamming. Being around for quite some time, ICOs are at least something known to people and now it's not that easy to run a scam project, because major exchanges would not list your tokens, for one thing. Also people know how to research about a project, checking out the team, project's ratings etc. While if new scamming schemes would appear many people would be their victims because of not being prepared.
So, I think that not investing in ICO anymore is not the answer. We should rather spend more time on research and invest in some of those 10% of ICOs which are good ones.
Everybody is entitled to his/her opinion and i can't say that you are right or wrong. It's true that there are a lot of scam ICOs this year but not all, there are also legit and we just need to thoroughly verify it on our own. The risk is high in investing in ICO but the reward will also be great if successful though.
I agree that a lot of ICOs are scammers, but still there are normal projects that are running and their tokens will be profitable!
not every ico is a scam and there are really good projects in the ico market. if you find such a project, you can support the ico quietly. but unfortunately many ico are currently a scam and it is really not easy to find a good project.
I agree that investing in ICOs isn't a good idea at the moment. At the same time, the current situation is only due to the bearish market and absence of relevant legislation for ICO. I don't think that ICO era is gone. We just need to wait until things get better.
investing in ICOs has never been a good idea. this is not something that happened today. from the early days they have been bad investments. the only difference was the short term success rate of them.
they all fail eventually as you can see today from all their failures but last year that a lot of people were gambling with them, their short term pumps became bigger so that created the illusion that they are good investments.
ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
for my opinion, still have good project in market..don't give up, just we have to be vy careful when choose project
I agree that investing in ICOs isn't a good idea at the moment. At the same time, the current situation is only due to the bearish market and absence of relevant legislation for ICO. I don't think that ICO era is gone. We just need to wait until things get better.
I cannot agree with you. There are a lot of great ICOs left at the moment, that can give you big profits, that have a professional team, working product and a great idea. But you are right, crypto market is overloaded with trash projects.
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