Topic: ICO projects: for profit companies or charities? (Read 348 times)
Now majority of upcoming project are just copy with existing project with blockchain technology attached to it.in a way it is good new for crypto community but we look at projects seriously they are just using blockchain as a investment tool to become financially stable to something in their life.but there are project which are quite serious about project and have been doing it from before ,they just investment to increase their working space.
Some ICO projects operate just at the level of grand ideas for using Blockchain to change the world for the better. Very often, it's far from clear to investors how these projects actually plan to make any money.
We wrote an article about this issue, comparing our own project, LakeBanker, with Humaniq's recently successful ICO.
You can check it out on medium: https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63
Feedback welcome.
We wrote an article about this issue, comparing our own project, LakeBanker, with Humaniq's recently successful ICO.
You can check it out on medium: https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63
Feedback welcome.
Mostly for charities but you never can tell which are not because a free market without any regulations seems to kinda hard to carry out even a basic due diligence of the project. Furthermore, people buying into these ICOs are happy to see them as trading robot and not necessarily concern about the use cases, business model, target market and competitive analysis of such ICOs before investing in them. Also to be considered is the problems the projects would solve and how tha heck they'd solve that problems while having business model focused on that. But it's so unfortunate that most of these ICOs see the millions they're raising as a sort of business model and investors seem to be too blind to see that. Terrible!
Great analysis. But when you look deeply into some of these projects they are nothing but grand ideas with no substance behind them. Researching the the whitepaper is the best strategy. Do the whitepaper even attempt to explain how they will actually make any money? If not, there's no long term value in the token, even if the token is well-integrated into the platform.
Some ICO projects operate just at the level of grand ideas for using Blockchain to change the world for the better. Very often, it's far from clear to investors how these projects actually plan to make any money.
We wrote an article about this issue, comparing our own project, LakeBanker, with Humaniq's recently successful ICO.
You can check it out on medium: https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63
Feedback welcome.
We wrote an article about this issue, comparing our own project, LakeBanker, with Humaniq's recently successful ICO.
You can check it out on medium: https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63
Feedback welcome.
Mostly for charities but you never can tell which are not because a free market without any regulations seems to kinda hard to carry out even a basic due diligence of the project. Furthermore, people buying into these ICOs are happy to see them as trading robot and not necessarily concern about the use cases, business model, target market and competitive analysis of such ICOs before investing in them. Also to be considered is the problems the projects would solve and how tha heck they'd solve that problems while having business model focused on that. But it's so unfortunate that most of these ICOs see the millions they're raising as a sort of business model and investors seem to be too blind to see that. Terrible!
Some ICO projects operate just at the level of grand ideas for using Blockchain to change the world for the better. Very often, it's far from clear to investors how these projects actually plan to make any money.
We wrote an article about this issue, comparing our own project, LakeBanker, with Humaniq's recently successful ICO.
You can check it out on medium: https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63
Feedback welcome.
We wrote an article about this issue, comparing our own project, LakeBanker, with Humaniq's recently successful ICO.
You can check it out on medium: https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63
Feedback welcome.
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