Long gone are days of ICO.
Sometimes, we need to ask those ICO guys, do we need this product to be placed in blockchain ecosystem?
I don't believe all products could benefit in the same way with blockchain!
Topic: Major drawbacks in ICOs, overcome (Read 81 times)
It seems to me ICOs are a bit of a thing of the past right now? Or is it just me?
It's just you, so many ICO is still running and going to launch, just check the bounty thread and the announcement thread almost every week 2 to 4 new ICO are being launched each one promising better technology and profit for investors.
the truth is some investors really don't take out time to find out what most of these ICOs are offering. the basic thing one should surely look at as you stated is what the project is offering and then analyze if this will be of demand in the market. when one is sure of this, then he or she can invest in the ICO
Indeed, I always do this before engaging into ICOs because the money, time and effort wasted as a result of a scam ICO is such disappointment and such a let down. ICOs should be more informative and proactive when it comes to advertising themselves.
There are some scam projects as because there is abundance money flow. Before investing market study is important. One should not believe in advertisement and ratings only. Team members, business model and other factors are important factors to sort the good projects.
things to do
1. check if the ICO website is publicly listed. by this i mean do they register a real office/contact address or are they hidden behind virtual mailboxes and proxis
2. some say they offer insurance and other regulated features, yet if you check financial agency search services, nothing is found
3. check if they ask for set amount/goal... but then dont supply information about how the funds will be spent. basically if they cant explain how they came to the goal amount then they have not planned/envisioned the project. .. they are just trying to grab money
4. look at the 'white paper' to se if its even a white paper or just a copy and paste job of another project but still lacks talking about the specifics.
1. check if the ICO website is publicly listed. by this i mean do they register a real office/contact address or are they hidden behind virtual mailboxes and proxis
2. some say they offer insurance and other regulated features, yet if you check financial agency search services, nothing is found
3. check if they ask for set amount/goal... but then dont supply information about how the funds will be spent. basically if they cant explain how they came to the goal amount then they have not planned/envisioned the project. .. they are just trying to grab money
4. look at the 'white paper' to se if its even a white paper or just a copy and paste job of another project but still lacks talking about the specifics.
In ICO, there is usually a specific goal or limitation for project funding. Specifically, each token will have a predetermined price that will not change during the Initial Bid period.
It is also possible to have static supplies with dynamic funding objectives, where the distribution of tokens will be made according to the received funds, which means that the more funds, the project will receive a higher token price.but if the ico suffers a failure it means that its not perfect, how to overcome the ico is not a scam it depends on the market
It is also possible to have static supplies with dynamic funding objectives, where the distribution of tokens will be made according to the received funds, which means that the more funds, the project will receive a higher token price.but if the ico suffers a failure it means that its not perfect, how to overcome the ico is not a scam it depends on the market
The major draw back of initial coin offerings is scam there are lots of ico's coming up daily genuine one's and some are scam so to overcome the issue the government should either bring regulations or the community should do something to stop the scamming of ICO's. Before investing on any ico's one needs to study and understand the whole project in order to avoid scam work and disappointment as most of the ICO'S are similar or same projects been repeated it can only be avoided if there is regulation in the ICO.
That is why you need ICO ratings, who are experience in determine a good and scam projects. With ICO ratings, knowledge about the project and other team members can be scrutinize for your layman understanding.
the truth is some investors really don't take out time to find out what most of these ICOs are offering. the basic thing one should surely look at as you stated is what the project is offering and then analyze if this will be of demand in the market. when one is sure of this, then he or she can invest in the ICO
It seems to me ICOs are a bit of a thing of the past right now? Or is it just me?
ICOs are raking in an ungodly amount of money that makes entrepreneurs, advisors, and celebrity endorsers lots of money. The issue is that for every great opportunity, there are a dozen fake scams trying to take your money, and both good and bad are advertised on popular websites that list upcoming ICOs. Every invester should ask what the purpose is and how it works. You can quickly and easily filter projects based on what their goal is and whether you believe or not that there’s a market for what it proposes. Please add more suggestions to overcome these drawbacks..
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