To be more accurate,many ico developers don't believe in their project.
Many ico developers focus on the profit to be made without minding how to drive the project to the mainstream just because they don't have the experience needed.
To make the matter worse,some ico developers made millions of dollars from ico but at the end of the day they will manage to list on one small exchange and at the same time dump a huge amount of its tokens on people.
Some developers will even build unsecure Dapp no company will use telling its investors that once big partners come,the price of its token will move up.
The problem is that most people don't research to know the track record of the developers .some ico developers are faceless telling you they can run away at any time.
We know the howpeople lost huge amount of money in lending icos.
Now,people with foresight are not buying icos unless they see its potential after they have seen the developers are implementing what is written on its white paper or working according to its roadmap.
some icos are overrated by some crypto YouTubers of which sometimes price normally dumb below the ico price when listed.
The question is, if the icos developers truly believe in its project why are they dumping huge amount of token on people?
What makes a coin to have value is buy plus hold but one is not expected to hold worthless something because if some icos don't have a real working product,and etherium platform has made it easy for them to lunch token anytime they want.
Many ico developers focus on the profit to be made without minding how to drive the project to the mainstream just because they don't have the experience needed.
To make the matter worse,some ico developers made millions of dollars from ico but at the end of the day they will manage to list on one small exchange and at the same time dump a huge amount of its tokens on people.
Some developers will even build unsecure Dapp no company will use telling its investors that once big partners come,the price of its token will move up.
The problem is that most people don't research to know the track record of the developers .some ico developers are faceless telling you they can run away at any time.
We know the howpeople lost huge amount of money in lending icos.
Now,people with foresight are not buying icos unless they see its potential after they have seen the developers are implementing what is written on its white paper or working according to its roadmap.
some icos are overrated by some crypto YouTubers of which sometimes price normally dumb below the ico price when listed.
The question is, if the icos developers truly believe in its project why are they dumping huge amount of token on people?
What makes a coin to have value is buy plus hold but one is not expected to hold worthless something because if some icos don't have a real working product,and etherium platform has made it easy for them to lunch token anytime they want.
This is true. But this is the wider problem with the crypto industry. Everybody is focused on making profit, and so few of the projects, so few of the developers and so few of the crypto community and users are focused on anything except profit.
I admit, I also buy and sell some crypto for profit, with only profit in mind and not really caring about the use and technology. But I add to my portfolio every few months either new tokens from ICOs which I no longer want to do because of so many issues. Now I just stick to buying older coins I already have and maybe this year I thought to add a few more ERC20 tokens, but only the ones I want to use so now I have 2 new ones which I hope to earn from bounties, if they keep paying me dividends and I can use them, then great. But I am feeling less confident now that developers care, because after ICO they all keep quiet and stop developing and focus on listing.
