Topic: ICOs won't prove their capitalization!? (Read 126 times)
It's probably best to assume that any ICO refusing to evidence their claims is potentially a sham. How many did you check with? The simple fact is, unscrupulous people have become aware of this trend where unassuming people will send you money for simply having an idea on paper if you call it an ICO and claim it has something to do with crypto. If you then also claim you're well funded, more people are likely to think it's the "next big thing" and throw their money at it. But all the while, it likely has very little substance or worth in reality. It may sound like a bold claim, but it's likely that 95% of ICOs are not worth your care your attention. They're mostly just opportunists looking for a free handout (and will lie to get it).
All ICOs are declaring that they collected already substantial amounts of investment. Most of them are having above $1mil.
I have wrote to some of them and asked them to prove that, by sharing their wallet addresses so I could have a look. ALL OF THEM REFUSED doing that, saying all different stuff. Some are saying it's not safe, others are using escrow agents and it won't let doing that, others have their own rules and etc.
Anyway, I do understand that blockchain technology lets us share information with everyone safely and anonymously, and all these answers seem to be just as an excuse.
As a potential investor in an ICO, I want to be sure that collected amount of money is real and not 'painted', that is one of the main factors on my decision.
Is there any explanation on this subject? Maybe I've missed something. Any little would help, thanks!
I have wrote to some of them and asked them to prove that, by sharing their wallet addresses so I could have a look. ALL OF THEM REFUSED doing that, saying all different stuff. Some are saying it's not safe, others are using escrow agents and it won't let doing that, others have their own rules and etc.
Anyway, I do understand that blockchain technology lets us share information with everyone safely and anonymously, and all these answers seem to be just as an excuse.
As a potential investor in an ICO, I want to be sure that collected amount of money is real and not 'painted', that is one of the main factors on my decision.
Is there any explanation on this subject? Maybe I've missed something. Any little would help, thanks!
Jump to: