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Topic: I F***ING HATE THE ICO MODEL (Read 553 times)
People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
ICCO regulations must be tightened, there are a lot of ICO scams and this makes investors lose money. team selection before making ico must be considered and there must be a special agreement with ico. maybe the agreement contains "if ico scam but no responsibility has to deal with the FBI" this might be the best step because ico engages investors around the world and avoids scams. Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
Initial coin offering projects is not as it used to be back in 2017 now you have fewer and most of them are scams
So before engaging into any initial coin offering projects you have to do your calculations correctly
So before engaging into any initial coin offering projects you have to do your calculations correctly
I am also not happy with the way projects do today and how often investors lose their money, of course there are a lot of thoughts on this subject, but the most important situation is how everything will work correctly with what is called experience.
We all see that ICO projects are going through a very difficult time. If in March 2018, ICO projects raised $ 6.8 billion, at the beginning of this year, only 291 million. The fall is about 95 percent. Therefore, it is not worth complaining. Investors no longer want to invest in fraudulent ICO projects and approach this issue more cautiously. Perhaps we will move on to some more perfect way of investing in new projects, or they will begin to be regulated by the states and such investment will become less risky. 
I think it's not the model that is flaw although they have a lot of shortcomings and others will same is that they are scammy in the beginning. I think the big difference and why ICO are no longer profitable because we're in the bear market. 2017 (bull-run), make a lot of projects being successful although if you look closely they don't offer anything but we didn't see it that way because of the current market cycles. And now that we're in the bearish trend, everyone is pointing fingers, from the investors to the bounty hunters and even the projects themselves are dumping all over.
I have participated in many bounties and it seems to be a normal thing, I was very afraid to join ICO because there are so many scams. It seems to be an obsession for investors when joining ICO
People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
You're right with more than 90% of the Ico-based projects. It's sad that there are still great projects on the market and their image is badly affected by the reputation ICO created in 2018.
It's harder nowadays to identify good ico projects, but not impossible. Imagine how would be to keep some ETH from its ico price.
People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
If so, is there any alternative method where investors and bounty hunters will still benefits without the use of ICO system? Are you pertaining to an STO or something like that in the future?
People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
I think that ico is no longer successful because of fraud. Investors are just afraid to invest in an ico project. And if they invest, they are often deceived. There are projects that return money to investors, but they are so few. Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
So learn to adapt to the situation instead of just complaining it doesn't suit you. Don't buy in at ICO, buy in after the price is dumped. You can't complain that your investments always go down, because it's your fault then for investing in them all the time.
ICO model has already begun to change. in a year we will not recognize it. SEC actively took up the ICO and utility tokens are already losing their popularity. So don't worry.
Yes, that is what happens, because many people see the opportunity of an ICO, and we can hardly distinguish between ICO and real projects and ICO, and if there is no ICO what will be promoted? Of course the bounty campaign will be lost, because there is nothing else to be promoted by the bounty hunter.
Absolutely right remark, and I also think that the whole ICO process should be reworked in accordance with new technologies, because the market today should still show good results.
Thank you.
I think the future is gonna be STOs however they are gonna differ a lot from ICOs as we know them today.
BUT in the beginning they'll also do well due to the novelty factor.
Absolutely right remark, and I also think that the whole ICO process should be reworked in accordance with new technologies, because the market today should still show good results.
People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
Well I hope you know that joining ICO is really a gamble. 2017 was different though, because we all know that investors, speculators are not that mature but 2018 was a real test for everyone. The bear season started, ICO's fall from grace, bounty participants not getting enough stakes and of course the price is no longer closer to the projected ICO price because investors dump it hard before bounty hunters got their tokens. And majority of them are scams anyways, so its really hard to make money this year specially joining bounties.
Many ICOs are struggling and failing this year due to market conditions, but it is true that many of them raise a lot of funds and after it investors are not so important any more. They are not in hurry with their development just enjoying their lives in their fancy offices paid from investors money. This is why ICO market should be regulated.
I also don’t like at all what is called the ICO model today, because on the whole it is definitely not beneficial for investors, I understand that in most cases developers will simply not do anything, they will just get the money and hide.
And this can be the beginning of the end for ICOs..
https://www.ccn.com/how-secs-paragon-ruling-could-send-many-crypto-icos-to-bankruptcy/
Paragon and AirFox were ordered to pay a $350,000 fine to the U.S. SEC and refund investors who participated in the token sale.
https://www.ccn.com/how-secs-paragon-ruling-could-send-many-crypto-icos-to-bankruptcy/
Paragon and AirFox were ordered to pay a $350,000 fine to the U.S. SEC and refund investors who participated in the token sale.
The investing public is wiser now. The era of fancy whitepapers and so called 'MVP' being used to milk millions of $$ from the market is over and I'm glad it is because projects that didn't even require the blockchain were littered all the place
I am also not happy with the way projects do today and how often investors lose their money, of course there are a lot of thoughts on this subject, but the most important situation is how everything will work correctly with what is called experience.
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