Never invest no product ICOs - page 12.

rtodor

newbie

Activity: 60

Merit: 0

Quote from: aleksandra_kickcity on January 16, 2018, 05:16:39 AM

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.

Yes, it is a bad idea to invest in such companies. But now there are very few good companies with a product.

congngheauto

newbie

Activity: 63

Merit: 0

When have a good project, the price of a đồng xu of a coin will be grow up when as also also also up.
Theo kinh nghiệm của nhân viên, tôi không có bất kỳ lý do gì để tham gia vào các ICO mà không có dự án tốt.

Drigh1986

newbie

Activity: 13

Merit: 0

it is obvious that the risk is a little less when the project has a product, but such a project can be fraudulent or not to collect the necessary amount and not be realized

KaramazovBro

member

Activity: 308

Merit: 10

Lead generation one-stop shop platform powered AI

Now 99% of ICO issues tokens, which are very cheap after adding to the exchange. And this applies to those projects that have a real business. And if there is no real product, then such a token is probably a scam.

jeron31

newbie

Activity: 123

Merit: 0

I agree that product is a very important thing. So many projects promise a lot and have good whitepaper. But at the end many of them are just scam.

allycn

full member

Activity: 420

Merit: 110

To me, it is risky either way (existing product or no product), and when I decide to invest in a project, even if I take the time to research, I am aware there is always the chance of losing. Of course it gives you more confidence if there is already an existing product or prototype. Unfortunately, with digital goods sometimes it can be hard to tell if they will be as efficient when they are officially launched (having a beta test is not the same as having millions of users accessing a platform), or they might be worried someone will try to copy the idea (not that we don't already see plenty of ICOs offering the same). Having a product also doesn't guarantee they won't scam you later on (it can just be a more elaborate scam).

TontomHit

member

Activity: 170

Merit: 10

That is true, the risk is much lower, if there is a working product, or an MVP at least. there is a way less chance to be a scam ICO, as more effort has been made, to create something, before collecting the money. So I usualy choose ICO-s with a ready product too.

Genrix

member

Activity: 630

Merit: 10

I am fully agree with statement. ICO without product is something we should avoid. It is hard time for ICO market and in order to compete, you have to launch MVP at least.
Stop investing in idea without MVP!

fiubit

member

Activity: 168

Merit: 10

I have never invested in Icos and I am not disappointed about it, I have invested in cryptocurrencies and this way is more preferable for me and for my money.

m0Ray

sr. member

Activity: 868

Merit: 251

There are many examples when projects without a product were given X10-50. Do you want to bypass such projects? I guess not. Everywhere you need a quality analysis.

LucaBlight

copper member

Activity: 109

Merit: 0

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Most people get scam because they are investing because of hype . If you are looking for decent ICO might as well try WPP Energy one of the most reliable renewable energy producer they are in the industry since 2009 . By using their platform users will be rewarded for adopting such Green Energy solutions that will highly boost the awareness of people to reduce Global Warming and make electricity accessible anywhere in the world !

TokenForUs

member

Activity: 392

Merit: 10

Ccfound

scam were serious threat for every ICO investors, i will agree with your opinion to invest in ico with existing product and developed by experienced team. but it cant be guarantee for ico with exiisting product will bring success in token sale, most of ico investors are tend to search a breakthrough project that will bring the new idea with blockchain technology. and has many advantages to other similar project.

Granit0

member

Activity: 308

Merit: 12

Investments in some ICO campaigns, which even already have an initial product, may, in the future, not bring the expected results and profits. These are projects related to the offline business, for the subsequent operation of which, do not need blockchain and tokens.

balodon88

newbie

Activity: 144

Merit: 0

Quote from: aleksandra_kickcity on January 16, 2018, 05:16:39 AM

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.

Any investment is a risk, but the chance that you will lose money if you invest in a company without a product is much higher.

Delfintor

newbie

Activity: 163

Merit: 0

Yes, you should not invest in a company that does not have a product. Now a lot of ICO scams and a very big chance to lose all the money.

mavrobot

member

Activity: 134

Merit: 10

Yes i do agree completely with your view atleast in 2018 onwards people has to support the project atleast Physical existence company or one working product . Investing an ICO without a working product is like putting your money on something that uncertain. Wink

Genosx

full member

Activity: 434

Merit: 100

I think the reason behind never invest in no product ICOs it because there’s a big possibility that this is a scam business only that have aim to earn your money in bad way for their own goods in this business.

rdewilde

full member

Activity: 925

Merit: 100

Quote from: greenklo on August 20, 2018, 11:51:04 PM

Quote from: Crypto Lady on August 20, 2018, 04:28:17 PM

At the moment it is very dangerous to invest in ICOs. Some projects only seem reliable, but in reality they turn out to be scammers. We must be very careful.

You're right. Now it is difficult to distinguish a good company from a bad one. And now there are really a lot of scammers.

That is why people are always evaluating ICO investments as one of the most risky investments.
Not every ICO project has a product. They came up with ideas for the product and launched the ICO. And they need capital from investors to reach that product.
If you look for ICO with products, I think there are only 1-2 ICO in 1000 ICO

ernoo

newbie

Activity: 140

Merit: 0

Yes, it is better, but there are exceptions too, when a whitepaper is only available, but still worth to invest.

PaduabAz

newbie

Activity: 125

Merit: 0

This is a right assurance. yet, a few focuses are missing. in the event that an ico does not convey development to the current framework, it is a totally unsuccessful venture. for instance repux and happiness token. you will perceive how unsuccessful the undertaking is later on.
It was sufficient to look at ahead of time, however now it isn't sufficient. great undertakings are getting littler and littler. we should be extremely watchful.

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