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Topic: Good ICOs should be protected from dump - page 13. (Read 23351 times)

full member
Activity: 630
Merit: 100
December 21, 2018, 11:40:04 PM
#93
is it not only bounty hunters that sell their coins investors too. they have big bonus for purchasing early and they sell it when coin list exchange and they can have profit. good projects will recover if it is really have potential but it won't recover overnight.
Yes, you are right. Investors and bounty hunters will definitely want the best price from what they have. If the marketing and sales strategy is right, plus good market acceptance, the price of the token or coin will surely develop in a positive direction.
sr. member
Activity: 798
Merit: 253
December 21, 2018, 11:32:11 PM
#92
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.
There is even a project that's been determined by things like this but the result remains the same. ICO is nice even experienced a price drop not because they don't deserve it but because of other factors such as a fall or their platform at the moment is the falling price of crypto so as to make the lower price or the wasted time of entry in the market.
sr. member
Activity: 616
Merit: 250
December 21, 2018, 11:26:52 PM
#91
That is what we have to do, protecting any good project is really good for the future of cryptocurrency, but with the part of KYC should also be applied to the bounty participant, i think that is really un-necessary, after all the work that had been done by the bounty participant, and their patient to follow the project until it reach success on the selling, and they should done a KYC, making them harder to get what they deserve. For that part i disagree.
sr. member
Activity: 1876
Merit: 259
December 21, 2018, 11:22:57 PM
#90
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.

of all this can hardly be done by the project owner, and indeed the market is no longer good, not because of the ICO.
plr
member
Activity: 1162
Merit: 24
December 21, 2018, 11:16:38 PM
#89
All your points are good but not the number 2 where KYC is mandatory, it is ok for investors but not for bounty hunters we have seen so many ICO come and go just like that if you participated on those ICO you now have to wonder what happens to your confidential details, that's putting your life to risk.
hero member
Activity: 1274
Merit: 516
December 21, 2018, 11:09:37 PM
#88
It is very hard to determine which one is the good ICO because the ICO coin only can be used in trading, there are only small percentage that being used in real life, and I disagree with the kyc, crypto should stay anonymous and its dangerous to give your identity to unknown people

Dumping has been a major problem in ICO, people nowadays don't care about the project anymore, they only want to make profit as soon as possible, so when it hit the exchanges they will sell it immediately, I think limiting the daily distribution could at least make the dumping effect not to severe
sr. member
Activity: 812
Merit: 250
December 21, 2018, 11:05:03 PM
#87
I personally have nothing against all items except KYC. it’s not because I don’t want to throw off the scammers, but because I don’t want to send my personal data. now very often this data is used for other purposes and can be sold
If you check all good ICO's all of them are have KYC even in their bounty program. One of the way to avoid the token to dump is they lock the token for bounty program because some bounty hunters dump always the price and sometime they distribute it little by little.
full member
Activity: 1190
Merit: 100
December 21, 2018, 08:19:52 PM
#86
is it not only bounty hunters that sell their coins investors too. they have big bonus for purchasing early and they sell it when coin list exchange and they can have profit. good projects will recover if it is really have potential but it won't recover overnight.
Actually the dump happened because it did not occur because of bounty hunters. but the real investor is making a dump. Because they have nothing to lose if they sell coins. As you said, they (investors) have a big bonus. If the bounty participant who causes a dump, I don't think it is right, because the bounty participants have a large allocation of maybe 2%. With that there is no possibility of a dump.
full member
Activity: 532
Merit: 100
December 21, 2018, 08:08:04 PM
#85
is it not only bounty hunters that sell their coins investors too. they have big bonus for purchasing early and they sell it when coin list exchange and they can have profit. good projects will recover if it is really have potential but it won't recover overnight.
member
Activity: 392
Merit: 49
December 21, 2018, 08:00:17 PM
#84
Most points I can agree, it will help to reduce big dumps, but I have to disagree completely here:

2. KYC should be made mandatory for all bounty and airdrop participants in order to avoid multiple accounts. The kyc should be announced
I don't know why so many times KYC is wanted if it comes to call out measures to prevent something. It's a big misunderstanding. A KYC should never be required for a bounty, because it will help all scammers which are purchasing stolen KYC documents illegally.
And if the scammers don't want to buy stolen documents, they set up a fake ICO with KYC and collect KYC from others.

KYC is no solution to prevent scammers from joining. A good bounty manager is required who does his research and kicks out cheaters immediately.
full member
Activity: 700
Merit: 100
December 21, 2018, 07:59:20 PM
#83
I agree, but such ICO should be protected from both bounty hunters and investors, because very often investors drain the tokens first.
member
Activity: 854
Merit: 10
December 21, 2018, 07:52:23 PM
#82
Yes mate, you have made good points, most especially point no. 7. I came across an ICO that used that strategy and I believe ut will work well for it. Although, the supply is high and with such, that is what will help and prevent it from dumping. When the team of a project understand the market and know the approach useful to prevent unnecessary backdrop of the project, then the better.
jr. member
Activity: 392
Merit: 2
December 21, 2018, 07:44:40 PM
#81
You are proposing too many regulations to avoid dump. The main reason for dump is the market situation.
I am an investor in several projects ( good ones ) where the bounty hunters still has not got their rewards only the
investors. And the investors dumped it much under ICO price. So, I think that the market always decides and
there is no need to over regulate things. Your proposals are good to prevent double accounts but will not save
the project from dumping their tokens.
full member
Activity: 810
Merit: 101
December 21, 2018, 07:37:43 PM
#80
You spelled it right. If all projects followed these rules, we would have a lot of successful projects. But these rules must be followed together to maximize efficiency.
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
December 21, 2018, 07:27:30 PM
#79
If you want to avoid your tokens being dumped when it lists then stop offering big discounts in the Private Sale and Pre Sale without a mandatory hold period. It is fine to offer discounts to attract the big money investors but if you are giving anything more than a 10% discount over your ICO price you need to place a trading restriction to make sure these people are long term investors and not Discount Dumpers.
legendary
Activity: 1722
Merit: 1014
December 21, 2018, 07:20:50 PM
#78
I would add some advice here too.

1) No bounty programs at all. No airdrops as well.

2) Advisors get money in fiat or some strong crypto like bitcoin or ethereum. Not this project tokens.

3) No presales, private sales, decreasing discounts etc. Just one fixed token price for everyone.

4) Team tokens are frozen for a year or two better.

This measures will prevent token price from dumping. There will be no point in selling this token for a price lower than the one that was during the ICO.
This will make investors protected, I am not talking about other effects, good or bad.
hero member
Activity: 882
Merit: 500
December 21, 2018, 07:18:42 PM
#77
The ideas you give are good for investors, but for the project team I don't think many ICO can do that. Tailoring to your wishes will cost them more money for technology, managers, and exchange
member
Activity: 314
Merit: 11
I'm not investor
December 21, 2018, 07:16:38 PM
#76
it is very hard when the ICO will be listing at the first time to get moon or pump, it depends on the exchange.
did you thinking the people buy the token at the private sale? the price is very cheap for example, PlayGame token, it is a good PROJECT! and good at product + team, but the price currently is under ICO, Price of a private sale is 1 ETH = 30000 PXG, the price of token sale is 1 ETH = 15000 PXG

as you can see who bought PXG in the private sale will get 1005 profit Wink so this is easier to dump
member
Activity: 308
Merit: 10
December 21, 2018, 07:10:06 PM
#75
i will suggest that all good icos present themselves with traders that will be on ground to oversee the trading operations of their tokens and also ensure the stability of the price. most exchangers can also help by setting their decimals to the price ranges permitted.
member
Activity: 266
Merit: 10
December 21, 2018, 07:07:11 PM
#74
The fact is that you can not tell investors what and what not to do with there coin,it is their right to sell or not to sell their coin but than all depend on the credibility of the project,if the project have a good working product, investors find it very hard to dump.
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