Topic: Exchange run icos/icds or whatever you want to call them (some would say scams) (Read 429 times)

The name sounds like a perfect shitcoin, im not against ico hosting by the exchanges but they should only host high quality projects and which comes from experienced team and provide massive use cases and at the same time it should be unique too.

   The most promising and safe ICO in 2018!The project Vireo ensures you success!If you want to get new experience and earn money, then this ICO was created for you! Enjoy the result!

Apparently there is going to be a new ico run by bittrex (iceberg coin) and am curious if Bittrex has any rules whatsoever regarding their icos? Do they require a govt. issued ID for the dev? Will they consider changing their rules so it matches polo's new rules?

Unless they do, I see no reason at all for anyone to invest in any bittrex icos at all. So many ico coins have turned out to either be complete scams or simply terrible investments. The latter quite often being due to the devs not really using much of their ico funds on actual coin development. XBC, which could be looked up as the most successful of the icos, had a dev who basically ran away with practically all ico funds, then a second team had to take over. DCM had a team who made grand promises, then basically just closed up shop, collecting over 100 btc with apparently nothing really spent on the coin itself -- unless you count the 22btc they paid Bob in order to round up a team to pump the coin.

Why should anyone trust Bittrex or any new ICOs run there, unless they institute more stringent requirements? If someone from Bittrex reads this, I hope you at least consider some strict rules. And for those who has been cheated by a Bittrex run ICO, maybe send off a PM/email to Bittrex asking them to institute similar requirements that poloniex now does?

Devs shouldn't get any ico money at all until they use it for what they say they will. No giant lump sum payouts.