Because of its virtual, centerless nature, this is a marketplace that knows few borders, and which lacks solid legal guidelines, making it fertile ground for scams, theft, and failure.
Coupled with this is the sheer enthusiasm of the investment community, eager to get in on an apparent golden opportunity, an unfettered by the traditional legalese and middlemen of more regulated marketplaces.
Topic: Don't invest in ICOs without working products. - page 4. (Read 3329 times)
Or just, you know, don't "invest" in ICOs at all. Giving money to random people in exchange of some random images and promises is worse than gambling.
Unfortunately, with the super easy nature of creating ICOs on Ethereum and other platforms, along with Bitcoin's price, crypto attracted a whole bunch of lazy idiots chasing a goldrush and throwing money into ICOs while having no idea or enthusiasm towards cryptocurrencies, giving it a bad name to cryptos altogether.
Unfortunately, with the super easy nature of creating ICOs on Ethereum and other platforms, along with Bitcoin's price, crypto attracted a whole bunch of lazy idiots chasing a goldrush and throwing money into ICOs while having no idea or enthusiasm towards cryptocurrencies, giving it a bad name to cryptos altogether.
This is very constructive and beneficial for the newbies, frankly saying. But I still believe we can invest in trusted projects. For example, rivetz, peerguess and shadow era has their working products, as far as I know.
Or just, you know, don't "invest" in ICOs at all. Giving money to random people in exchange of some random images and promises is worse than gambling.
Unfortunately, with the super easy nature of creating ICOs on Ethereum and other platforms, along with Bitcoin's price, crypto attracted a whole bunch of lazy idiots chasing a goldrush and throwing money into ICOs while having no idea or enthusiasm towards cryptocurrencies, giving it a bad name to cryptos altogether.
Unfortunately, with the super easy nature of creating ICOs on Ethereum and other platforms, along with Bitcoin's price, crypto attracted a whole bunch of lazy idiots chasing a goldrush and throwing money into ICOs while having no idea or enthusiasm towards cryptocurrencies, giving it a bad name to cryptos altogether.
This is very constructive and beneficial for the newbies, frankly saying. But I still believe we can invest in trusted projects. For example, rivetz, peerguess and shadow era has their working products, as far as I know.
I have invested in ICOs without a working product and I managed to win a lot of money once those ICOs where available on platforms.
I don't agree with your statement.
Yes, it would be better to have a working product, but this area is still new especially if you take into consideration that the last four months everything skyrocket.
I don't agree with your statement.
Yes, it would be better to have a working product, but this area is still new especially if you take into consideration that the last four months everything skyrocket.
Sadly, a typical ICO company has a website and a whitepaper, but no functional product.
The consensus in the venture capital world is that it's not good for a new startup to get too much money too quickly. The founders will feel compelled to spend the funds simply because they're there, and abundant resources will reduce the need to hustle hard for product-market fit.
The consensus in the venture capital world is that it's not good for a new startup to get too much money too quickly. The founders will feel compelled to spend the funds simply because they're there, and abundant resources will reduce the need to hustle hard for product-market fit.
Recently I invested in an ICO that hasn’t had a working project, and it has been a first ICO that I invested in, and so far it has shown as a good investment. I agree that we should check and invest in ICOs with working product, especially now when there is so much scam going on, but also for me very important is the time that firm had their project going on even thought they haven’t got working product, because that shows if they are active or just came here recently, cause ICOs that are here since yesterday are probably scams...
Investing in ICO projects with a working product is much safer and less risk than investing in a project that is still developing the products. However, the gains will be much greater once their developed products are released.
If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?
It's true. That's the first thing one should check on while investing into an ICO. Well said with that, and I have found at least three such ICO which are having working model prototype. One us nexus social project who are having social platform just like Facebook but more or less direct selling of your product and services ad you would do with advertisement on the Facebook. The application is complete and running well on the site, smartphones and all compatible devices. That makes the ICO more trusted and believe it or not they hit the success when they launched there ICO. Another one is jibre network who is having awesome concept of converting your traditional assets to digital one with their platform. Both are good one and best until now. The working model which is what made them successful.
vinehub. they are demo so you can try before invest. livestar. this is the only ICO I must try before invest
as partisan with the business entering to gains of returns with the decision of investment as appealing of customs with personal preference on examining offers from developer, the one with the offers of developer as having with no product with the goods on delivery gives with request as following with the preparation of risks management strategics as if to enter with the future extends as managing work with the arbitraging.
We just announced our upcoming crowdsale this week. Our non-profit foundation has been in motion since April and we have completed the development of our dapp platform and token. At a glance, our platform enables donors to create and award personal grants direct to the public. We've created a new technology called GiveChain within our GIVE Coin (based upon the Ethereum ERC20 platform) that anchors giving data to the blockchain for complete trust and transparency in the charitable giving process.
At present, we are also creating API's that our partners can use in order to accept the GIVE Coin as payment into their website and mobile apps.
As mentioned before, I truly believe that investors should invest on the basis of:
A team should earn the trust of its investors through their execution before they ask investors to invest millions into their project.
You can find details here including how you can test our platform: https://bitcointalksearch.org/topic/annico-cancelled-grant-hero-give-coin-decentralized-charitable-giving-2132508
At present, we are also creating API's that our partners can use in order to accept the GIVE Coin as payment into their website and mobile apps.
As mentioned before, I truly believe that investors should invest on the basis of:
- Strong team
- Idea / concept
- Execution / traction
A team should earn the trust of its investors through their execution before they ask investors to invest millions into their project.
You can find details here including how you can test our platform: https://bitcointalksearch.org/topic/annico-cancelled-grant-hero-give-coin-decentralized-charitable-giving-2132508
If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?
AiCoin has a working product, and a fantastic one at that. For some reason nobody seems to be really picking up on this yet either, which is strange. Fortunately this isn't a coin that you will benefit from by getting it earlier in the ICO, since it's value is largely value-driven. Of course, the people who get in during the ICO and hold the longest will earn the most though. 
Hey guys, I fully agree. I am part of the ETHLend team (http://about.ethlend.io and https://bitcointalksearch.org/topic/ethlend-decentralized-lending-on-ethereum-network-bounty-2013399), which creates a decentralized lending market. We actually developed the dapp first in late April. We created collateralized lending with the use of ERC-20 tokens as a collateral, then we added the use of Ethereum name service domains as well for collateral.
Building the dapp before the white paper was actually the best idea we had so far. We actually understood the practical issues better and wrote a completely different paper than we would have if we would not have created the prototype dapp. In the first place we really wanted to understand how lending would work in decentralized environment. After the white paper we still have continued to develop the dapp further by adding reputation based lending as well.
I believe that some kind of prototype dapp indicates that the project has potential. I know that development has its costs and such (that is why we are doing an ICO as well), but I think that if there is at least some development skills in the team, some development could be produced to show the ICO participants that the idea is realistic.
Building the dapp before the white paper was actually the best idea we had so far. We actually understood the practical issues better and wrote a completely different paper than we would have if we would not have created the prototype dapp. In the first place we really wanted to understand how lending would work in decentralized environment. After the white paper we still have continued to develop the dapp further by adding reputation based lending as well.
I believe that some kind of prototype dapp indicates that the project has potential. I know that development has its costs and such (that is why we are doing an ICO as well), but I think that if there is at least some development skills in the team, some development could be produced to show the ICO participants that the idea is realistic.
Hopefully more ICOs adopt a model similar to yours in the future. There are a bunch out there who are only ideas and the team behind it has no idea how to even implement it yet, just looking for a quick fund grab...
So far you are right currently ICOs are very risky to invest, however you could check out Trueflip as they had a actual prototype to work with
Seems like a lot of ICO's scams are giving a bad rep to those that are actually trying to help create real authentic solutions for this world. Ultimately, this hurts the entire industry including the growth of cryptocurrency.
We should give a chance for ico that are really deserving, we should not say all icos were scam since we gained on it from being bounty hunters,to investors and even having them in trading. Some ico really worth trying for.Yes, I completely agree with you. Especially those that have the items I previously listed. ie. Strong team, prototype, problem solving idea with a strong vision and roadmap, etc.
I can't wait until we announce our ICO to all of you...
Are you referring to buying into an ICO and then flipping it when it hits the exchange for a quick profit? If so, sure... you can do that too and make a lot of money as a short-term investor.
But we should do our best to encourage and support the development of projects that solve a real problem, driven by a great team, with sustainable business models. Otherwise, if we continue to support all projects (including scams) just to make a quick flip, it will dilute the market (and exchanges) with a lot of DAO's with bad business models and worthless altcoins. As a result, the growth of the industry will slow as the general public will lose interest.
Seems like a lot of ICO's scams are giving a bad rep to those that are actually trying to help create real authentic solutions for this world. Ultimately, this hurts the entire industry including the growth of cryptocurrency.
We should give a chance for ico that are really deserving, we should not say all icos were scam since we gained on it from being bounty hunters,to investors and even having them in trading. Some ico really worth trying for.Yes, I completely agree with you. Especially those that have the items I previously listed. ie. Strong team, prototype, problem solving idea with a strong vision and roadmap, etc.
I can't wait until we announce our ICO to all of you...
Hey guys, I fully agree. I am part of the ETHLend team (http://about.ethlend.io and https://bitcointalksearch.org/topic/ethlend-decentralized-lending-on-ethereum-network-bounty-2013399), which creates a decentralized lending market. We actually developed the dapp first in late April. We created collateralized lending with the use of ERC-20 tokens as a collateral, then we added the use of Ethereum name service domains as well for collateral.
Building the dapp before the white paper was actually the best idea we had so far. We actually understood the practical issues better and wrote a completely different paper than we would have if we would not have created the prototype dapp. In the first place we really wanted to understand how lending would work in decentralized environment. After the white paper we still have continued to develop the dapp further by adding reputation based lending as well.
I believe that some kind of prototype dapp indicates that the project has potential. I know that development has its costs and such (that is why we are doing an ICO as well), but I think that if there is at least some development skills in the team, some development could be produced to show the ICO participants that the idea is realistic.
Building the dapp before the white paper was actually the best idea we had so far. We actually understood the practical issues better and wrote a completely different paper than we would have if we would not have created the prototype dapp. In the first place we really wanted to understand how lending would work in decentralized environment. After the white paper we still have continued to develop the dapp further by adding reputation based lending as well.
I believe that some kind of prototype dapp indicates that the project has potential. I know that development has its costs and such (that is why we are doing an ICO as well), but I think that if there is at least some development skills in the team, some development could be produced to show the ICO participants that the idea is realistic.
If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?
Yeah , this is the reality that we should invest our money only those icos products if they are working. In my whole career of the Bitcoin Field I seen that many ICOs launched their ico before develop the coin and launched their coin after two years , so here we can say that they have no guaranty that how much time will take to launch the coin or how much time to enter the coin in the exchange and market and also their price mostly get down ( in my case mostly ) .
So here more better is to get information about them that who is operating and how much chances that coin will make a better place in the market and what is technology behind the coin algorithm ( stable or not ) And what is economical support that the coin have .
If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?
There are a few projects that have been created for the purpose of appropriating the money of investors and they do not offer working products as well as development team and a serious roadmap. For really serious projects there are always certain products for their roadmap such as medical, dental, security hardware, communications, etc. The ICO was created to raise funds for the development of their project. Seems like a lot of ICO's scams are giving a bad rep to those that are actually trying to help create real authentic solutions for this world. Ultimately, this hurts the entire industry including the growth of cryptocurrency.
We should give a chance for ico that are really deserving, we should not say all icos were scam since we gained on it from being bounty hunters,to investors and even having them in trading. Some ico really worth trying for.Yes, I completely agree with you. Especially those that have the items I previously listed. ie. Strong team, prototype, problem solving idea with a strong vision and roadmap, etc.
I can't wait until we announce our ICO to all of you...
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