This advice is good but not timely, well ICO is quite popular but this happened few years ago. Currently the popularity is not the same as before due to many scam ICO resulting to lost of interest of many investors. I remember 2017 is the year wherein ICO is really popular and many projects are legit thus investing is really profitable. But it didnt last long, more projects turning scam or unable to reach their target funds resulting to failure.
Anyway, even on other opportunities becoming popular, its a must that we do a research to know what we're getting into. Its better to fill our minds with knowledge to be aware of what to expect.
Topic: ICO and its risk, research properly - page 2. (Read 434 times)
Trend of ICO is changing to IDO (Initial Dex Offering) and IEO ( Initial Exchange Offering) now, ICO is popular only in 2016 and 2017, then in 2018 many ICO failed and turn in to scam. But currently findraising model of IDO and IEO is trending now because promising very high profit. I think IDO and IEO is more safe than ICO because the tokens is more guarantee to trade on the exchange.
You're right, ICO has done already and I can remember many people got crazy joining ICO before and very unfortunate that they mostly turn scam and many got to lose their money. But have we ever think IEO and IDO are different from ICO, they are still the same, many of these projects are worthless and scams. Making participation with them is a huge risk and certainly, it needs research but couldn't assure everything that will be fine.
Trend of ICO is changing to IDO (Initial Dex Offering) and IEO ( Initial Exchange Offering) now, ICO is popular only in 2016 and 2017, then in 2018 many ICO failed and turn in to scam. But currently findraising model of IDO and IEO is trending now because promising very high profit. I think IDO and IEO is more safe than ICO because the tokens is more guarantee to trade on the exchange.
When it was famous before, ICO seems smooth and most of the investors have been well focused on this ICO projects. Not until those scams spread and just use this kind of initial offering to just fund raised money.
I am not saying all of those ICO were not legit, there are still few who actually made it into successful listing. Just do some research about the project's sincere objective and those teams behind it.
I am not saying all of those ICO were not legit, there are still few who actually made it into successful listing. Just do some research about the project's sincere objective and those teams behind it.
Previously ICOs were startups and they didn't have an actual product. Investment is like a risky bet.
Currently, projects to raise ICO have been prepared, usually, they have raised capital from SeriesA, Seed grow... and have their own products. Such projects ICO will be easier than brand new projects.
Investors have been dodgier than they were in 2017-2018. That proves that the perception of the cryptocurrency market has changed in a positive direction.
Currently, projects to raise ICO have been prepared, usually, they have raised capital from SeriesA, Seed grow... and have their own products. Such projects ICO will be easier than brand new projects.
Investors have been dodgier than they were in 2017-2018. That proves that the perception of the cryptocurrency market has changed in a positive direction.
There are now too many tools that we can take advantage of to know if the project is good or not.
For ICOs at the moment it's not very attractive, we are in 2021 and there are many ways to approach like IDO, since when this market becomes active, I don't see many successful ICOs.
For ICOs at the moment it's not very attractive, we are in 2021 and there are many ways to approach like IDO, since when this market becomes active, I don't see many successful ICOs.
But, isn't that a reason why they are "hunters"? They have to hunt the legit projects to actually get the money, so if you think that hunters are the one that the most unfortunate amongst those choice, then you are wrong.
I agree. Traders and risk takers are the one at prone to scam since they are investing real money and chances of failure due to price down or rug is a possibility but in the case of hunters, the only thing that loses is their time and effort for promotions. Yes its also important but if we compared that to the loss of money, isnt it much painful right? 
I don't think there are many projects that want to pursue this form, now there are too many ways to attract capital with new projects IEO, IDO, ITO all bring better results. But in general, for new projects that still retain this form, there are not many good projects, and it is not easy to access large projects because of competition.
In Crypto or particularly ICOs, DYOR is very important and with due diligence. Some projects are legit while majorities are for a quick buck scheme . But dig what technology or protocol the project is having and weigh in whether it is useful or not in real world application.
Actually, even with a proper DYOR, it's still not an assurance. Even a good project with a good case and tool isn't getting the attention of some investors.
For me, newbies should stay away from any ICO's if they don't understand the risks. I'd rather pick from the current coins that are already listed on exchanges compare to gambling my fortune into ICO that has no market value until it got listed to exchange.
Joining ICOs is for advanced people only that know its gambling and chances of not getting back their invested money is possible.
It may be classic ways to research good ICO, in fact, many scammers can also make their scam projects as very smart and interesting as [ossible, very trusted, but in the end, they are scammers. And we can see how many scams using the ICO.
And I agree with many members here. Today is not the era of ICO. IEO itself is also likely not very popular again.
It is better to join in certain launchpad done by bit and trusted exchanges with reputable launchpad systems and experiences. Or the IEO that is done in the middle to top reputable exchanges. they will be more promising and trustworthy to wait and of course, we must also be analyzing about the project itself.
And I agree with many members here. Today is not the era of ICO. IEO itself is also likely not very popular again.
It is better to join in certain launchpad done by bit and trusted exchanges with reputable launchpad systems and experiences. Or the IEO that is done in the middle to top reputable exchanges. they will be more promising and trustworthy to wait and of course, we must also be analyzing about the project itself.
In every move that person made there is always risk. However the gravity or how hard it affect by it is the thing we should consider. In Crypto or particularly ICOs, DYOR is very important and with due diligence. Some projects are legit while majorities are for a quick buck scheme . But dig what technology or protocol the project is having and weigh in whether it is useful or not in real world application.
Well ICO era is already over but it is helpful you just need to change the title a bit "Investment and it's risk, research properly".
It isn't just ICO or any other initial offering type of investment but all the investment have a risk so research properly to know how it works and how you could earn properly on your investment.
It isn't just ICO or any other initial offering type of investment but all the investment have a risk so research properly to know how it works and how you could earn properly on your investment.
What did they scam? Hunters? Or investors and traders?
Hunters because they are not paid as expected, this project is said to be a scam by the manager who manages the bounty.But, isn't that a reason why they are "hunters"? They have to hunt the legit projects to actually get the money, so if you think that hunters are the one that the most unfortunate amongst those choice, then you are wrong.
Investors/traders are the one whose get scammed. They were willing to invest on unknown projects just to fund them and hope for the best, but they got scammed. What a shame.
I agree. It is absolutely important to do a strong research about an ICO before participating in it. We've seen so many scam projects so far in the end. Noone would like to come across them.
It has become a den of scammers during 2018 and that's why the fall of it has been known and there are only a few investors left that are interested in it. If there are still investors interested in it, probably they're really newbies and thinking that it's still the same as before but in reality, it's not.
i remember that golden period of ICO days. i even invested in several ICO projects before but ended up screwed. to think that i did my job of researching the platform itself, even investing with published team members with their profile links posted, as i thought they will not screw people. but unfortunately, they never developed their platform and their site just disappeared without any notification to their investors. you can never tell what these people are thinking. but most of them just wanted to pocket the money.
this is why researching properly will not assure you that you will not get rekt. but it will trim down your chance of being screwed.
Because of the crowd success that many projects did, some of the developers have also rode the enjoyed the run by making seems to be a good project.
But in the end, they didn't finished the project.
It has become a den of scammers during 2018 and that's why the fall of it has been known and there are only a few investors left that are interested in it. If there are still investors interested in it, probably they're really newbies and thinking that it's still the same as before but in reality, it's not.
You have to invest in a token which shows exactly how the project is going to benefit you as an investor.
And that's why scammers have taken advantage of the scheme, they will give the token that has no value in return of their investment.i remember that golden period of ICO days. i even invested in several ICO projects before but ended up screwed. to think that i did my job of researching the platform itself, even investing with published team members with their profile links posted, as i thought they will not screw people. but unfortunately, they never developed their platform and their site just disappeared without any notification to their investors. you can never tell what these people are thinking. but most of them just wanted to pocket the money.
this is why researching properly will not assure you that you will not get rekt. but it will trim down your chance of being screwed.
What did they scam? Hunters? Or investors and traders?
This was a major set back of ICO in retrospect. Many scam was associated with this it and almost made ethereum like getting less hype because most of the projects of ICO where under the Ethereum blockchain. The investors too who bought where either having their coins locked up and not release while some outrightly didn't fulfill white paper promise to investors. It was really a time to learn about investment in tokens not in exchange and it's risk.
The worst ICO reputation was when in 2018 there were many scamers who ran away from investors' money so that this trust was difficult to return to even someone who considered the ICO to be illegal fundraising because what they feared was held by them without a third party that was always used. real product ingredients when their intentions are bad.
But for me now it is different, there are many changes happening. To be honest, I am also a whitelist IDO hunter because all this I do is of course research first, therefore the risk must be prepared when you want to enter the initial phase of investors where the main sale begins.
I only see now that IDO / ICO has a high ROI, it is my interest with all the risks.
But for me now it is different, there are many changes happening. To be honest, I am also a whitelist IDO hunter because all this I do is of course research first, therefore the risk must be prepared when you want to enter the initial phase of investors where the main sale begins.
I only see now that IDO / ICO has a high ROI, it is my interest with all the risks.
What did they scam? Hunters? Or investors and traders?
Hunters because they are not paid as expected, this project is said to be a scam by the manager who manages the bounty. ~
It still lived up to its memory.I can still recall that there were a lot of threads back in Alts Board about if ICOs are scam. Seems like those good ol investors are smelling something fishy to many ICOs that year already til they just kept their money for hodling til IEOs started to replace them.
ICO is acronym for Initial Coin Offer, it is also like the public companies call Initial Public Offer (IPO). Just as it is to raise capital for the company for its operations, it is for crypto the same thing alike. The difference however is that you can see the public company, visit them or make enquiry about them from regulatory bodies and most times the government won't allow them to scam the people. It is more secured compared to ICO.
ICO is quite riskier to invest on because it is less regulated and that is why it easily scam you off your money. This is the reason you need to be careful and research more.
While researching on ICO projects, you need to focus on
1. ICO organised by existing company already: This is because that such companies have reputation to protect. A good name always carry customers to your domain so they may not scam.
2. Search for ICO that has the support of reputable company or are in partnership: Just like number above, same thing can apply here, the image is greater than scamming you. Ensure the company has a great history, anticident and performing.
3. If it has the support of a reputable user on the forum: At least the user know that they will be legit before supporting them because of reputation.
Always remember that above all, ICO can scam you so be
sure to research and invest in the tokens of companies with a strong reputation with clear business model.
ICO is such as supporting a vision and you don't need to ride on a car rode by someone with blurred vision because you will be destined for dome even before it started. You have to invest in a token which shows exactly how the project is going to benefit you as an investor.
ICO is quite riskier to invest on because it is less regulated and that is why it easily scam you off your money. This is the reason you need to be careful and research more.
While researching on ICO projects, you need to focus on
1. ICO organised by existing company already: This is because that such companies have reputation to protect. A good name always carry customers to your domain so they may not scam.
2. Search for ICO that has the support of reputable company or are in partnership: Just like number above, same thing can apply here, the image is greater than scamming you. Ensure the company has a great history, anticident and performing.
3. If it has the support of a reputable user on the forum: At least the user know that they will be legit before supporting them because of reputation.
Always remember that above all, ICO can scam you so be
sure to research and invest in the tokens of companies with a strong reputation with clear business model.
ICO is such as supporting a vision and you don't need to ride on a car rode by someone with blurred vision because you will be destined for dome even before it started. You have to invest in a token which shows exactly how the project is going to benefit you as an investor.
If we are to make analogies with the stock market then we need to consider Initial Public Offerings (IPOs) of shares, which is what these ICOs are based on. Any seasoned investor will tell you that IPOs are very dangerous and a large portion of them will lose money. They are definitely not advised for anyone new and should only be bought by experienced investors. There is a lot of money flooding into cryptocurrency at present and it can be extremely hard to distinguish a unique original idea from an over-hyped project. It may be beneficial to beginners to stay away from ICOs entirely for the first year of buying cryptocurrencies and only start to buy after they have spent a long time monitoring how they work - if you must get involved then come up with a "fantasy" game where you pick 5 coins you think will win and track how they do over the next 6 months.
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