Topic: Good ICOs should be protected from dump - page 14. (Read 23377 times)
The important thing there is the declaration that KYC is required for the bounty right at the beginning. Sometimes they tell you part of the way through which is really unfair, not all bounty hunters will be informed when they do it
I think. when the conditions are bearish. A good ICO can't protect it from a dump. some ICOs even choose to pause distribution for temporary. the main reason is that the ICO team understands that bearish will make the coins they has created fall drastically.
Good ICOs will not be dumped, believe me. The main point is that you participate in shit tokensales with weak token economy. To my mind it is something that people don't take into account and token falls below ICO price
Supposedly it should but since crypto is design as a decentralized market, still subject for abrupt changes anytime. If that ICO have a high potential and have an existing project, then it surely bounce back from the dump but if not, it totally sleep forever. Many ICO were getting failed just because investors never see its future.
The points are valid and i reckon with them. Whoever is enthusiastic about crypto and does not want the project he is passionate about to dump, he will support the suggestions. Well, sometimes, the team might not have the knowledge of crypto and therefore not able to protect the project from dump. So those who invested into it , might not be happy with it.
Every developer must be confused about this, a strategy to prevent a dump. They will definitely try various ways, but market acceptance is everything. Op is true if a trust has been formed, then price movements in the positive direction will be achieved. Good communication is everything. Don't just push promises.
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.
These are just wonderful tips. It would have been good if those ICOs can go with this suggestions, coupled with other suggestions they feel might also prevent dump in price. It is high time we started taking the right approach for the system to be trusted.
It's best to let the market decide what happens to a token or coin that gets listed on an exchange. In recent times though, really good ICOs don't need a strategy to avoid being dumped. Because the tokens are in high demand and there are more buyers that sellers waiting for it to hit exchanges. I can't say the same for average - low interest ICOs.
I think that nothing can be done about it because people cannot be forbidden to dump their cryptocurrency which they honestly earned
You cannot stop people from dumping, each one of us has their own strategy and reasons why they dump their coins, it's normal for an investing industry, there are people who invest for short-term profit and some for short-term and some people who need to cash out for emergency purpose
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.
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.
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.
If we are talking about the current situation it would be much more appropriate for the ICOs to be frozen and to continue when the price is recovered. Because in the present situation it is difficult to reach the soft cap and keep the price of the token after it is listed. And about bounty, developers are now trying to go against to bounty dump with late distribution but the price without bounty falls a lot.
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.
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.
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.
Managers almost always sign under the project description - “I am only a manager, not a developer or a participant in a project”, thereby relieving myself of any responsibility.
Top manager is a good, but it is not at all ward off scam
Good day. Private investors and pre-ico investors usually do the dumping. They get 50-100% bonus so its a win win situation for them once the coin enters exchange. Bounty hunters get their tokens 1-2 mons after ICO and only gets 1-2% of total sale so before they get their rewards, token value already went down 80%. Well there are also developers who sell their coins so they can have funds to pay for another exchange listing. There's lots of reasons for coin dumping.
Man, don't mix up ICO and bounty. It is not similar thing,you know.
You should learn about selection process as well, so you will choose better ICOs and avoid scam as a result of your activity
You should learn about selection process as well, so you will choose better ICOs and avoid scam as a result of your activity
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
KYCing anything here is horseshit. Your data will be sold and stolen, period. It brings absolutely nothing positive to the space. Scammers and launderers will simply use the identities of others to get their "airdrops" and whatever. And the legitimate people KYCing will get bent over backwards and plowed from behind.If you submit your data anywhere other than highly trusted exchanges, especially for the laughable pocket money that comes from airdrops and bounties, you're too naive to survive in this space.
P.S. If you want "dump protection" try buying some bank stocks.
Somehow, of course, this needs to be regulated as in this way start-ups simply cannot start to develop.
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.
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.
These are good thing or point you had mentioned but these aren't the thing that would able to protect those projects not to dump.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.
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.
Investors would always be the main reason why it do dump after listing. Lets say its being listed on popular or top exchange but the price would still have the
same faith to go on.It will surely dump. Why? because of profit taking ofcourse.
The only thing to prevent the dump of the ICO price in the market is to get more demands from the people.
Make more announcement and development. also partnership is a great addition. listing in a great and top exchanges is one good reason to pump.
Make more announcement and development. also partnership is a great addition. listing in a great and top exchanges is one good reason to pump.
This is absolutely making sense and I believe it was out from someone who is an intellectual. For the fact that there is no any measure controlling the dumping of ICO tokens is affecting the price of tokens after getting listed on exchanges. It would be a very great development if such measure could be take
How could a.good ICO be protected from dumps, if this industry is decentralized. This would be very difficult to control the minds of dumpers, unless there will be a decent approach to prevent dumping.
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