Topic: Never invest no product ICOs (Read 6800 times)
It is very hard and very rare for you to find an ICO that already has the product. Because they are in the early stages and they need to raise funds to be able to create a product as the idea they have put in place. So investing in ico is a very dangerous and difficult job because you will not know which projects are good in the future
On the whole, this is the right decision to achieve, but today there are a lot of different and interesting projects that have a very good idea and a lot of positive moments, but do not have a prototype, so I think that this clearly should not be a decisive factor.
Not all the times there is needed a working product but most of the times it is needed
The coins with innovative, new technology and continuous development will not die, but many shitcoins
without working product, development and supportive community will disappear from the market.
without working product, development and supportive community will disappear from the market.
I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
You've got a point here, but creating a product also requires money, which may end up in going round in circles - no money-no product/no product/less productive ICO.When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
Moreover, another question one should answer is whether a ready product will be demanded by people and whether there are no competitors around that have already filled a niche.
yes, thats true. having a working product is always increase the confidence and trust of the investors. also i have seen that type ico always raise millions of USD in there icos. so i can agree with your statement
On the whole, this is the right decision to achieve, but today there are a lot of different and interesting projects that have a very good idea and a lot of positive moments, but do not have a prototype, so I think that this clearly should not be a decisive factor.
The fact is that no one will give a 100% guarantee in the success of this or that project. But nevertheless, each of us risks to choose fraudulent projects. ico companies are inherently very profitable for investors, because they are offered to buy a token at rather favorable prices. Although the current state of the crypto-currency market, the prices of coins after listing on some projects fall several times, compared to the price of this company.
Definitely a product is the main thing that investors should look when investing. Some investors put money in an ICO because of the shill and hype and they did not even bother to check whether the team are genuine and if the project have the product though ICO is all about crowd funding, it is better to do it with a product first then start developing and nurturing it with the investors contributions.
On the whole, this is the right decision to achieve, but today there are a lot of different and interesting projects that have a very good idea and a lot of positive moments, but do not have a prototype, so I think that this clearly should not be a decisive factor.
ICOs are the future of funding, but not without regulations for sure. Everyone in the sphere should accept this! Regulation is need in order to protect investor interest. or it should have some invisible rules to be follow by ICO developer.
it is reasonable idea, because if the project has real product it is more attractive for investor and there are more possible that this project will not be a scam
A year later, people began to understand that it is worth investing in projects that have at least MVP . This will greatly reduce the number of scams and projects will not have to collect very large sums, because they have the product .I think it will also allow us to see a large profit from investments in ICO
The important thing is to find a promising project, invest in it. There are still more than one very powerful projects that are still trying to improve their product or are not initially products. Developing a project is not free. We have to think well.
I know a lot of projects that have their own product and that have failed ICO. Product availability factor is very important, but not always, the point is it. Plus, due to the large growth of scams projects, trust is held in the balance to all ICO
I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
I'm not agree witj the aithor. Sometimes idea of the team is really big. It needs time and money to implement. First money, then time. And if they do everything well, you will catch your x100.
I think your criteria is 50% right since some of the projects launched were successful and had no product.
I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
That's true most of the ICOs with working product tends to succeed but the ones that doesn't have any viable do fail woefully. Therefore its good to invest in a coin with working product so as to get profit.
Even having a finished product, the project is not immune from collapse. Many projects do not develop their product and stand still for many months. This once again proves that you can not invest in projects without a product.
I agree with you, in our time there are a lot of fraudulent ico, do not invest in dubious ico projects, even ico with the product can be a complete fraud if the product is frankly bad or even not in the plans to create it. Many of these ico promise, but few people bring the product to the end, some do not even begin.
yeah, that's right, i think ICO who can get a success is project that has been developed before and the ICO is made to expand their project/product
I agree with your statements. It is always more credible and safe to consider into something which actually exists. However, note that there are many credible and reliable projects which lack products, which might be a missed opportunity. In my opinion, it is better just to do your research thoroughly, regardless whether is has a product or not.
Yes, we ourselves generate scam projects. Supporting and advertising useless products in life. A good ICO has an idea and is a product.
Bitgoals - bookmaker, ticket and goods store.
Forestry - a social network on the similarity of Facebook with the capabilities of Steemit.
So they collect investments, and quite successfully enter the market. In such projects, which can be useful or exchange new opportunities for the community, it is worth it
Bitgoals - bookmaker, ticket and goods store.
Forestry - a social network on the similarity of Facebook with the capabilities of Steemit.
So they collect investments, and quite successfully enter the market. In such projects, which can be useful or exchange new opportunities for the community, it is worth it
Many ideas are very primitive and promising in the hype created by ICO. As a result, many people are prepared to invest in ICOs because they are impressed with the idea and confident in the success of the project.
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