Topic: ICOs should only create Tokens with Working Products or Services - page 8. (Read 2160 times)
September 04, 2018, 06:42:27 AM
I fully agree with this opinion. A company that conducts its ICO must already have its own product or service. Even if not completely modified, but the product should be. Such ICO as a rule and are in great demand among investors.
September 04, 2018, 06:39:11 AM
Yes, I have found many projects only make the coins and launch the ICO and earn the money, after the ICO finished, the team seem disappeared and never update any news about the project, some project have not list in the exchange over the year and no any product.
September 04, 2018, 06:33:31 AM
i think you partially right, but i think there's some working ICO idea still, which doesn't sell any physical product, but still worth investing
September 04, 2018, 06:31:13 AM
I totally agree with you. There are enormous amount of purposeless tokens in the market. They has no purpose and are just there for making the money. If we want the cryptocurrency market to be adopted by the general population, then it should bring utility in the market.
September 03, 2018, 03:42:12 PM
Based on this statement I think this is true because the main purpose of creating token is for trading based on this idea are overall good and helpful for the investors.
September 03, 2018, 03:25:15 PM
Cannot agree more into this. Now tokens are being created for trading purpose only. There is no innovation to it. So I think tokens should come with some good ideas and something new.
September 03, 2018, 03:02:13 PM
No matter how you preach about this, the ICOs will continue to create nonsense tokens.
September 03, 2018, 06:39:56 AM
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.
Not all projects create tokens for the purpose of trading. Maybe they are not just capaple to make a working product.In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
Yes I agree but sometimes the development of the projects to create a working product takes time. Also we can track it on their roadmap or announcement channel. But if they can't follow their roadmap then that's red flagIf we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
You should not worry. All useless tokens and coins will eventually die and only those useful token will stay. September 03, 2018, 05:16:14 AM
We are starting an AIRDROP and then laucning an ICO in 2018-2019. Our website is still in development, but at least we have the real product (mainly automobiles and real estate). You can check it out here: https://www.ndinvest.ltd/?lang=en&NDC=1&sbm=1&payment=BTC. We are going to make ANN thread and add other relevant information soon. Stay tuned!
September 02, 2018, 01:27:04 PM
I agree with you. The project that offers a work product is very important to me. Unfortunately, there are very few such projects.
September 02, 2018, 01:12:03 PM
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
Every ICO is created to solve some social problem. However, they don't get past the exchanges. You're right, that's what happened. Everything is included in the whitepaper, but everyone can compose, lol. So choosing an ICO project must be careful. Previously I had succeeded with IOST, after that, I was not interested in other ICO projects, maybe only DAEX that already tradable before public sales that caught my attention.
September 02, 2018, 01:11:57 PM
Normally most of ICO tokens is utility token. They coin is specifically use for that product use. But exchnages give them real prices...
September 02, 2018, 01:07:21 PM
There are indeed many coins/tokens that are created for trading purpose only. That way the coins will be useless if its related to any other things than trading and some kind of investment.
What? It is sure that all coins have been using in trading and I think this is an aspect for Cryptocurrency for most coins to survive, But A coin should have a base product or services for it to start, Just like bitcoin the soul purpose for it was its unique digital transaction that all other coins are being using right now, It seems that the blockchain technology was the thing that all has been using, And if your not familiar for a coin to start you should read more in the forum, All coins that have been produce now needs a unique services or product to simply start.
September 02, 2018, 12:55:12 PM
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.
In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
I agree with you. Tokens are not een supposed to be traded that much, imo, they are supposed to be used for acquiring some goods or services. ICOs are ways of monetizing the actual businesses by allowing to access some things with decentralized money. Trading is alienation from initial purposes, because people don't care about what stands behind the names, they only care about price dynamics. And there aren't many tokens that are actually representing some projects. Best case scenario, we are talking about a token and a newly formed company with huge ambitions to become useful one day by helping to distribute energy, manage online adversiting or make the world accept their debit cards. That's why I like an ICO that hired me recently. Though I'm generally sceptical about ICOs, this company already has its product in three countries and partnerships all over the world. An ICO is just a way to expand for them, to add some new features to a well-established business. And that's how they all should be, imo. In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
September 02, 2018, 12:10:57 PM
There are indeed many coins/tokens that are created for trading purpose only. That way the coins will be useless if its related to any other things than trading and some kind of investment.
September 02, 2018, 11:59:44 AM
Agreed!
Upcoming STOs, for example, create a technology/platform behind it before the actual launch.
I agree. The upcoming mainstream in crowdfunding by crypto is Security Token Offer. They need to have at least a product and compliance regulation, before receiving investment from individuals as well as organizations.Upcoming STOs, for example, create a technology/platform behind it before the actual launch.
September 02, 2018, 11:55:41 AM
Of course, the topic starter rights. But when choosing a project for investment, you are probably working on information about it, and do not invest in a dummy. Projects that do not carry any value are unlikely to attract enough funds. And if you mean that to the ICO time project should already have a working product, then on what means should it create this product?
September 02, 2018, 11:50:38 AM
you're right, I see very rarely tokens that last long enough, only a few months or even a few weeks after the ICO after that the tokens are forgotten / have no value at all.
September 02, 2018, 11:39:22 AM
Agree with you, community want to check working product not just MVP or Whitepaper.
I only join ICOs, which are created by famous working companies. For example: Organicco, they have company, solutions and partners around the world.
Invested 5000 GBP and wait for his platform on blockchain.
You can check this potential project here: https://bitcointalksearch.org/topic/annicoairdrop-organicco-green-tech-proven-technology-3379079
I only join ICOs, which are created by famous working companies. For example: Organicco, they have company, solutions and partners around the world.
Invested 5000 GBP and wait for his platform on blockchain.
You can check this potential project here: https://bitcointalksearch.org/topic/annicoairdrop-organicco-green-tech-proven-technology-3379079
September 02, 2018, 11:27:15 AM
According to the day by day new technology, the ICOs are playing a vital role by creating tokens with working products or the products they are producing products with their ICO.
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