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Topic: NEO ICOs are much safer (Read 366 times)

hero member
Activity: 1120
Merit: 501
www.bitcoin.org
August 05, 2018, 03:00:54 PM
#63
There are 2 reasons for this
1. Less number of ICOs on NEO platform. More ICOs = more chances of scam.
2. NEO team personally sponsor the ICO sometimes.
full member
Activity: 392
Merit: 105
Vena.Network
August 05, 2018, 02:56:30 PM
#62
Agree. I have not seen any scam based on NEO. This coin and its developer team have passed through strict control in China(which, by the way, if you know, fight against corruption by the death penalty) so there will be no projects that will fail their road map for example. That's the reason I love NEO a little bit more than ethereum Cheesy
member
Activity: 196
Merit: 10
August 05, 2018, 02:34:46 PM
#61
I can testify on my own that the ICO process with NEP-5 tokens is one of the most smooth I have ever experienced! I have invested in a large number of ERC20 tokens and I always have to very diligent and resourceful as it is very easy to get scammed or simply the project to fail. I did my first NEO ICO just a few days ago with Narrative and it only took me just a few minutes of my time. I felt so much safer and relaxed!
newbie
Activity: 240
Merit: 0
August 05, 2018, 02:32:16 PM
#60
I think that the cause of this is the minimum of 500 GAS required to deploy contracts. This allows only legitimate businesses with the capital to launch on the network, you essentially can get rid of most spam projects and scam projects this way, as we can see here.

This differs a lot with the philosophy of ETH obviously and it's cited as a negative point for NEO with the thinking that any restrictions on projects = restrictions on creativity and therefore innovations.

NEO council has stated multiple times that any projects who can't afford the 500 GAS can contact them and they will sponsor any projects they think that are good quality so its a win-win situation for all

jr. member
Activity: 644
Merit: 1
August 05, 2018, 02:28:45 PM
#59
I have never joined the ICO project using the Neo platform. very rarely found this year. but if you think the neo platform is safer, I will try it.
member
Activity: 174
Merit: 10
August 05, 2018, 02:26:46 PM
#58
It is not true that Neo ICOs are much safer than Ethereum or Stella platform. I invested in REALISTICA Ico for months now, I don't know what the team are up to. There are a lot of scam project that has use neo to get away with investors money.
Yes! That means nothing can guarantee a project to have scam or not.
All ICO based NEO, Stella or ETH can be scam.
newbie
Activity: 88
Merit: 0
August 04, 2018, 10:57:13 AM
#57
the platform used by the ico project cannot fully guarantee the ico is safe or scam. it looks like there isn't a scam on the ico project that uses the neo platform, maybe because there aren't many ico using the platform or expensive contracts. but that all does not close the possibility of a scam on the ico project with neo platform.
full member
Activity: 640
Merit: 100
August 04, 2018, 10:37:38 AM
#56
Scam ICO can be on any platform. It just seems like that because 95% of ICOs are held on ETH, that's why it looks like a bad platform with scam ICOs.
newbie
Activity: 31
Merit: 0
August 04, 2018, 10:30:10 AM
#55
The expensive cost of an ICO in Neo is very expensive, but nicely in place, almost every ICO on NEO is very successful.
sr. member
Activity: 574
Merit: 251
August 04, 2018, 10:18:50 AM
#54
I think that's because the cost of conducting an ico in neo is much higher than ethereum as you have to pay for the expensive gas fee that's why they have to be serious and the project has to be good otherwise they will lose a lot, compared to ico using eth where you can create a contract that's quite cheap.
newbie
Activity: 147
Merit: 0
August 04, 2018, 10:14:40 AM
#53
I also agree with your opinion. In the past, I also observed and realized that: Almost ICO projects of the projects using the foundation of NEO resounding.
They should be interested in cooperation projects with NEO in the future.
Good luck !!!
full member
Activity: 418
Merit: 103
July 31, 2018, 12:09:23 PM
#52
There are several ico launches on the NEO platform. But most of them have failed or are not interested in the community. If such an ICO scam. It will scam on any platform ETH, NEO. To me Neo is no safer than ETH, and Neo needs to improve a lot to be able to compare and compete with ETH.
member
Activity: 224
Merit: 14
QuickX ICO
July 31, 2018, 12:08:38 PM
#51
Since they require a initial investment, it is less likely that NEO will be used by pure scammers, but that does not mean that the projects are better in themselves if you know what I mean.
sr. member
Activity: 518
Merit: 250
July 31, 2018, 12:03:15 PM
#50
ICO projects under the NEO platform at the moment are not potential and the advice is not to invest. At the current rate of decline, investments in crypto such as BTC and ETH should be made because only long-term investment can make a big profit in the future.
full member
Activity: 602
Merit: 100
July 31, 2018, 11:03:16 AM
#49
Well, I think the reason is there are less ICOs on Neo platform in general. Moreover collections on Neo are slower.
 Futhermore, building ERC-20 smartcontract is easier than contract for Neo ecosystem( I guess so)
sr. member
Activity: 377
Merit: 252
July 31, 2018, 10:58:53 AM
#48
I think that at the end of the day it does not matter which coin-related ICO you pick as long as it shows a strong project, a good team and money to run through with their idea.
member
Activity: 294
Merit: 10
July 31, 2018, 10:51:56 AM
#47
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.

That's a pretty bold assertion with no evidence to back it up...
jr. member
Activity: 207
Merit: 1
July 31, 2018, 07:55:01 AM
#46
Neo is not one of my favorite altcoins and I am not sure in its stability. Eos and Eth are more promising for me here and Neo doesn't have any strength in front of them.

I disagree with you mate. Neo is doing pretty fine. The only thing I noticed is that neo ICOs are very few and they reraly give much airdrop like eth based ICO. I believe in the future of neo
jr. member
Activity: 124
Merit: 8
July 31, 2018, 07:54:12 AM
#45
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
They might be safer, but there aren't a lot of them, and still it doesn't mean they'll be successful.
sr. member
Activity: 728
Merit: 250
“A nexgen decentralized ride hailing ”
July 31, 2018, 07:53:45 AM
#44
Because of this, NEO is so much appreciated, I always said that it is a direct competitor to Ethereum.
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