Topic: Good ICOs should be protected from dump (Read 23351 times)
The whole problem could be solved by paying hunters with other crypto currencies. Everybody would be happy, but the most projects do not want to share their profits and want to share their tokens that are worth nothing right now.
now in the crypto industry is a period when good projects are lower than projects with a dubious reputation.
In my opinion ICO must be used as additional money for the project, devs. must have large capital before making a project so that when a dump occurs they can control it.
The only way to stop a token form being dumped is to freeze/not to distribute the tokens till the project starts making profit from the product and hence be able to provide dividend to the token holders. Though this should be predictable and be carried out in a fixed time frame.
I think it's very unlikely to make the price of ICO tokens survive a dump. even when they pay them with bitcoin, or ETH. there is no guarantee that investors who get a big bonus will not sell the bonus tokens they get. well, this can be avoided when a project really develops the project they are making.
The only way to stop a token form being dumped is to freeze/not to distribute the tokens till the project starts making profit from the product and hence be able to provide dividend to the token holders. Though this should be predictable and be carried out in a fixed time frame.
The real good ICOs should not be affected by any short-term dumps. Those will bounce back stronger over time. Carefully planned lockup periods can mitigate some of the dumping.
We have a lot of examples about good ico which not get any dump but they were getting a huge increase after listed on the exchange site. We must see that about where that will be going. Basically a good ico means a big demand to protect it from the dump
Protecting good ICO should be the concern of everyone of us because this is our world and will should do everything to protect our interest.I just hope something can be done to protect good ICO.
After careful research, when you see a good ICO, you would know and there will be no doubt about it.
I have noticed that good ICOs also dump after listing, competing with crap ones that have no definite direction, but to cart away funds.
There are ways in which they can be protected and prevent unreasonable dump in price. Some of which are:
1. They should be managed by credible and trusted managers, managers that already have good reputation on the forum, else the trust might not be there.
2. KYC should be made mandatory for all bounty and airdrop participants in order to avoid multiple accounts. The kyc should be announced
3. Participants should be made to complete the remaining process of their registrations on the project's website, where IP can be detected. Multiple accounts can also be prevented this way.
4. Listing should be done on reliable and reputable exchange sites.
5. There should be regular and prompt communication with the community.
6. Projects should maintain and comply to their roadmaps and if there is amendment, the community should be made to know, with concrete reasons.
Additional suggestion:
7. An approach that will create the demand for tokens, which can as well prevent dump, is the lockup of certain percentage of the tokens.
Some percentage of the tokens belonging to; the team, advisors, investors, promoters and bounty participants.
The main tokens for the investors should be released, at least to compensate them for the money invested, but their bonuses should be locked for certain period of time. Which is followed by their gradual release.
These are just few among so many other solutions, but if this few are integrated into the system, i believe dump can be minimized if not totally eliminated.
I have noticed that good ICOs also dump after listing, competing with crap ones that have no definite direction, but to cart away funds.
There are ways in which they can be protected and prevent unreasonable dump in price. Some of which are:
1. They should be managed by credible and trusted managers, managers that already have good reputation on the forum, else the trust might not be there.
2. KYC should be made mandatory for all bounty and airdrop participants in order to avoid multiple accounts. The kyc should be announced
3. Participants should be made to complete the remaining process of their registrations on the project's website, where IP can be detected. Multiple accounts can also be prevented this way.
4. Listing should be done on reliable and reputable exchange sites.
5. There should be regular and prompt communication with the community.
6. Projects should maintain and comply to their roadmaps and if there is amendment, the community should be made to know, with concrete reasons.
Additional suggestion:
7. An approach that will create the demand for tokens, which can as well prevent dump, is the lockup of certain percentage of the tokens.
Some percentage of the tokens belonging to; the team, advisors, investors, promoters and bounty participants.
The main tokens for the investors should be released, at least to compensate them for the money invested, but their bonuses should be locked for certain period of time. Which is followed by their gradual release.
These are just few among so many other solutions, but if this few are integrated into the system, i believe dump can be minimized if not totally eliminated.
News Flash! It don't! I have experienced a bounty previously where they lockup the team's token and bounties also and it did not completely protect the coin's price from dumping. Some has even dropped below 10x their ICO price before listing and it was that investors doings. I only see things change when the ICO listed in exchanges that has high liquidity like Binance.
The real good ICOs should not be affected by any short-term dumps. Those will bounce back stronger over time. Carefully planned lockup periods can mitigate some of the dumping.
We have a lot of examples about good ico which not get any dump but they were getting a huge increase after listed on the exchange site. We must see that about where that will be going. Basically a good ico means a big demand to protect it from the dump
The real good ICOs should not be affected by any short-term dumps. Those will bounce back stronger over time. Carefully planned lockup periods can mitigate some of the dumping.
ico team also must anticipate the occurrence of dumps by holding down the distribution process, for listings to be carried out as quickly as possible. the token distribution for bounty hunters can be held to wait for the price to be high enough and after investors get the profit, the bounty hunter can be paid, it will be fair to many parties.
The solution to all these is to have a standard for qualification for anyone who would join such campaigns, they must have a good track record of quality work.
But the question is, how? If you wanted to make such a protection to the dump, there are so many ways but its too difficult.
1. They should be managed by credible and trusted managers, managers that already have good reputation on the forum, else the trust might not be there.
Very good ICO will be survived, whether it protected or not. The dump may happening because some investors or hunters selling,
but another investors who interested about the project will buy the coin, so the dump won't be long and the value of the coin will recovering.
It will be different story if the ICO not good enough, the coin/token value must be protected to avoid dump.
but another investors who interested about the project will buy the coin, so the dump won't be long and the value of the coin will recovering.
It will be different story if the ICO not good enough, the coin/token value must be protected to avoid dump.
Ico can't avoid dump especially when it hits the exchange. Some users will dump it for a small profit. Some bounty hunters too will dump the token because they only get it in bounty campaign. Also if the project is not developing their product. Then investor will dump it too
Good points raised,we have seen tokens dropping by more than 90 per cent soon after listing on exchange, a typical bounty campaign usually allocate not more than 5 per cent of total tokens created for bounties, so one wonders why an investor will sell tokens at a loss or bounty hunters selling valuable tokens off.Bottom-line: many of these tokens are worthless and has little to do with bountyhunters.
What is needed from an ICO to survive in market conditions is to use a token or coin utility. By maximizing the usefulness of tokens, the daily trading volume target can be achieved.
Unfortunately good ICOs get lost between all this scam ICOs that exists nowadays because they are just surpassed by them. Investors don't even want to hear about ICOs anymore since they are wasting a lot of time doing research on every project since they can't be sure about anything.
Choosing a good ICO is very difficult, even like playing games. If you can't play well, it will end in defeat. I agree that a good ICO project has a very experienced Development Team and that KYC Bounty participants are needed. I think we must be smarter and more careful in making choices.
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