Limited ICOs are only monopolies, like Bassic Attention token.
BAT was limited so they would only accept a limited amount of 156,250 ETH. The ico Ran out in seconds for god sake. Also successful ICO should be unlimited and USD based, not ETH based. Mobilego was a succesful ICO, it was unlimited and it was USD based, everyone had the chance to jump in for weeks. Not stupid 20 seconds like BAT. Good luck with your monopoly BAT holders.
Come on, unlimited is really bad since you plan to build a car but you get enough money to build a rocket. Every crowdfunding should have a cap. Is a must.
ICOs as they are now have problems. How they will evolve is just matter of time. And we will see. I can happen that we will see many people in jail. It can happen none.
Limited ICOs are the new insta mine. Devs and insiders buy it all up and manipulate supply to drive up price and sell it all to everyone else for magnitudes more.
Total scams
golem, gnosis, rls all these super computer scam projects pulled that shit so many more are on to it now too.
Insta ico is a scam.
May as well do a 100% premine to themselves. Since they pay themselves with their own BTC then have full control of the supply.
Avoid let them keep their crap tokens to themselves. They only work because they keep pumping the price and sucking people in with fomo.
Well advertised and open ended. It is then for the community to decide fair value and stop investing past a certain point. After than then it is not worth buying from the ico or exchange.
I was going to create a Insta ICO thread of shit scams to avoid and keep in on page 1 here. Somebody should do this to ensure it is updated and people are aware of their scam tactics.
