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Topic: Good ICOs should be protected from dump - page 8. (Read 23377 times)

member
Activity: 378
Merit: 13
January 14, 2019, 07:30:47 PM
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 want to tackle 4 as well, listing on well known exchanges has little impact on your project value, so do not be deceived.
What matters most is the product we are talking about.

Pundi x listed in binance poloniex and others, and it did nothing to increase their worth
sr. member
Activity: 1680
Merit: 262
January 14, 2019, 07:30:26 PM
if ico is considered good and wants to keep its exchange rate stable and can rise, it will delay the process of launching tokens to the market exchange. so even though the bounty hunter or investor already has ico tokens, they can't sell it yet.
member
Activity: 378
Merit: 13
January 14, 2019, 07:23:39 PM
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 want to tackle 2, the truth is if you implement kyc and aml, it doesnt stop any project from dumping, even record has it that most projects with kyc dumps faster.
The basic goal is to simply ensure that the tokens hodlers do not have full circulation. i.e if an investors buy 100,000 tokens, it should be sent to them installmentally within months and the same should apply to bounty hunters as well.
jr. member
Activity: 196
Merit: 1
January 14, 2019, 06:59:27 PM
I don't agree that KYC should be made mandatory for all bounty and airdrop participants. managers have to find another solution to avoid multiple accounts.
Well kyc can not prevent the fall of the coin, I think you need to competently enter the market that the coin was not at the bottom!
member
Activity: 854
Merit: 21
January 14, 2019, 06:59:21 PM
In reality and ico can do everything right and still dump in the market. Project teams can only try as much as they and to prevent this from happening but if the project itself lacks quality and its token sales sold out based on hype and astronomical bonuses, then an eventual dump is inevitable.
full member
Activity: 952
Merit: 104
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January 14, 2019, 06:36:15 PM
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 got a question. Does the bounty participants have a large affect on the price of the token when it hit exchange? I don't think it has, considering the percentage of tokens allocated for bounty campaigns. I doubt it has that big effect on how the price goes in the market. I think dumpers are those investors with bonuses in their investments made a huge impact on on the price drop after listed on exchanges.
legendary
Activity: 1890
Merit: 1003
January 14, 2019, 06:31:42 PM
I don't agree that KYC should be made mandatory for all bounty and airdrop participants. managers have to find another solution to avoid multiple accounts.
KYC also can prevent the expected dump after listing coin. Bounty participants are first batch of sellers after starting bell on exchanges. There is no proper solution due to unexpected attacks by speculants and reward owners.
full member
Activity: 1316
Merit: 105
January 14, 2019, 06:28:39 PM
I don't agree that KYC should be made mandatory for all bounty and airdrop participants. managers have to find another solution to avoid multiple accounts.
legendary
Activity: 3276
Merit: 1029
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January 14, 2019, 06:07:12 PM
Man, how are you going to protect ICO from dump? To my mind it is quite impossible. It seems to me that you've got to analyze it and your analysis is kind of protection. It is your choice and you are responsible for doing that. Next level of protections is government regulation
This kind of method will be quite impossible. Not sure about the governments want to create a protection consider we are living on the manipulating market. When bitcoin gets a hard dump and the whole of people are feeling panic and wanna liquidate their coin asap.
hero member
Activity: 1834
Merit: 523
January 14, 2019, 05:53:41 PM
Good Ico do that. KYC is one of the solution for the dump because mostly the bounty hunters have multiple accoumt once they are join to bounty campaigns once the token list to market they have a lot of token that cause dumping value of tokens and convert it to bitcoins and sell their bitcoins to cash so that is why the market are really affected because of this but not all because of this it is one of the cause of dumping.
member
Activity: 574
Merit: 10
January 14, 2019, 05:45:58 PM
Man, how are you going to protect ICO from dump? To my mind it is quite impossible. It seems to me that you've got to analyze it and your analysis is kind of protection. It is your choice and you are responsible for doing that. Next level of protections is government regulation
sr. member
Activity: 1372
Merit: 348
January 14, 2019, 04:31:06 PM
These are really good insights on how we can protect one good project. Well, I think most of the problems that an ICO will be solved by this. For me, if we will unite and do this and all good projects do this to be able to protect the project, I think more investors will be attracted. But we should have an extra effort on how we can identify good and legit projects so our efforts and restrictions will not put in vain.
full member
Activity: 812
Merit: 114
January 14, 2019, 04:14:42 PM
Your every point are right mate, I think you have a good experience about crypto! By following these steps a project owner can reduce the dumping of coins! But every time strategies don't work well. I have been following the bitdepositary project, and they took maximum steps from here. But their BDT coin dumped highly! Now they go through to change the platform from Ethereum to their own blockchain! But still, these steps really can help for the maximum time!
hero member
Activity: 1005
Merit: 500
January 06, 2019, 09:30:35 AM
In 2018, there are many ICO project token prices are falling. If the project can do the above, then it should be able to control the stability of the price, but no one can do it.
full member
Activity: 1190
Merit: 100
January 05, 2019, 11:22:35 PM
The above information is useful for ICO projects  but I think that still does not prevent dump! dump seems to be part of the market, it depends on those investors who own token  but no one can manage their tokens by themselves, it's like whale manipulation  so you can't stop it! 
ya, we can't stop the dump, sometimes I think ICO project tokens dump is cause by project owner, even they successful raised funds from ICO, they don't care their token price at the moment, don't have any action to prevent price dump, just focus on project development and don't have any good news come out, maybe the reason of price dump is project owner dump their token. But I don't care too much because I don't think the price will dump forever.
In my opinion, it all depends on the background of the project. Not all projects do not care about prices. There are also projects that work for development and those who think about the price of the project. For the dump problem it seems like it can't be avoided. Because the owner of the token is very much. Certainly it cannot be controlled by one person.
member
Activity: 756
Merit: 14
January 05, 2019, 11:22:19 PM
Your second point is in a mess already ,even KYC is in scammers game now ,some ICOs compulsory kyc and in the end its a scam ,I think its still not safe to share Identity with any projects ,instead of sharing I.d why not just videos verification? That would do
full member
Activity: 910
Merit: 103
January 05, 2019, 11:06:58 PM
The above information is useful for ICO projects  but I think that still does not prevent dump! dump seems to be part of the market, it depends on those investors who own token  but no one can manage their tokens by themselves, it's like whale manipulation  so you can't stop it! 
ya, we can't stop the dump, sometimes I think ICO project tokens dump is cause by project owner, even they successful raised funds from ICO, they don't care their token price at the moment, don't have any action to prevent price dump, just focus on project development and don't have any good news come out, maybe the reason of price dump is project owner dump their token. But I don't care too much because I don't think the price will dump forever.
member
Activity: 700
Merit: 10
January 05, 2019, 07:58:56 PM
I think its hard to protect price keep stable because when landed in market, its depend on supply and demand. I think we can not ask people to not sell their token because its their right. But if the project having a good project and working product, we should not worry when people dump their token
sr. member
Activity: 1624
Merit: 267
January 05, 2019, 06:48:40 PM
This informatiom is really helpful to pumping again the market.  Because ICO's are scam did not helpful to pump the value of the coins and it can cause dumping the value because the funds or the coins that it collected they sell them or convert it to real cash.
full member
Activity: 812
Merit: 114
January 05, 2019, 06:48:06 PM
Your every point are right mate, you have a good experience about crypto! By following these steps a project owner can reduce the dumping of coins! But every time strategies don't work well. I have been following bitdepositary project, and they took maximum steps from here. But their coin dumped highly! Now they go through to change the platform from Ethereum to their own bdtchain! But still, these steps really can help for the maximum time!
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