Never invest no product ICOs - page 21.

coins4meh

full member

Activity: 190

Merit: 100

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.

I also try to focus more on project with existing product, but not all projects with existing product are winners...sometimes it is companies that make no money and are getting bankrupt, then they raise money with ICO to keep going...

Valareos

member

Activity: 276

Merit: 10

BitSong is decentralized music streaming platform.

Yes, there are a lot of such projects, but still they sometimes shoot and give investors a couple of X ,which is quite good in a falling market.

Pocimw

newbie

Activity: 92

Merit: 0

I concur with you totally, to keep away from more ICO tricks and individuals griping later and trusting that all tasks are tricks, first you need to acknowledge and think about whether the venture that tricks you extremely required a token or an ICO, the ICO attempts to raise reserves for an undertaking that for the most part includes blockchains, yet in the event that you needn't bother with that innovation to drive the task, what are they doing at that point?

CryptoGosu

full member

Activity: 686

Merit: 105

I think that even projects that have a working product are now falling heavily in price. Nowadays, few people use cryptocurrencies for the purpose. Often, the use of a block of flats does not affect the price of coins.

Awan Awan

member

Activity: 252

Merit: 10

Quote from: cryptonoob312 on January 16, 2018, 07:23:45 AM

That's the problem of most ICOs. They seem to be scams because they don't offer any prototype. Most of them look like a dream that needs money to be true. Really good projects offer prototype and clear roadmap and have to have some proofs of trust.

Always becareful. No working product ico seems like ico has no effort to make sure their customer get good feedback so its just like scam ico. Always stay away from this kind of ico. I will not suggest you to buy the ico token although you are very sure about the project.

Natsuu

full member

Activity: 1148

Merit: 158

★Bitvest.io★ Play Plinko or Invest!

Quote from: darkwiz1417 on August 08, 2018, 05:29:37 AM

Agreed there are many coins that has no purpose dunno why so many people get interest with them maybe they are not doing their own research

Those will fall from it are totally dumb as they didn't know nothing where it actually go. Look for a coin that's feasible in their product as well and not just an mobile app. Just think of that where the heck they'll use huge funds if their product is just a mobile app that even a kid can create and can easily advertise to social media. Don't be easily fall from their words or you'll be an ass.

dr_chen

sr. member

Activity: 494

Merit: 250

Money is needed to develop a project, the team may not initially have the money to improve it. I prefer to be a product at the beginning but some projects can be valuable only by offering an idea. Then they develop the idea.

matico

full member

Activity: 504

Merit: 100

The Standard Protocol - Solving Inflation

It depends! If an ICO have a good proposition and unique idea needed for a particular cause or line of business or improvement on existing idea, such ICO may become vety successful and if you refuse to buy in, you miss in big proportions!

indriasyifa

jr. member

Activity: 322

Merit: 1

yes, but there are some Coins that don't do ICO, but have good concepts, but your explanation is very interesting. I think if there is no ICO, what is very important besides that is token sale

KesoNie

copper member

Activity: 672

Merit: 270

Quote from: Anne8 on August 08, 2018, 05:31:40 AM

Quote from: Xelpherpolis on June 04, 2018, 11:48:52 AM

A lot of projects carried out by ICO do not have a working product. And recently it's some kind of trend to collect money for future developments. I do not advise anyone to invest in such projects.

Actually this is really good suggestion and all people must follow this to avoid scam. I think we all dont want to get scam so try to follow the ico which only have working product. Recently many ico just want to raised money and just go away, with this experience now we need to start to avoid not working product ico.

Yes of course because invest to no product ICO is very worthless because it surely scam investment. So to avoid being scam make have research about the ICO, everything or all the details about it. Also if there's no product if ICO then have doubt to it because in one good project there's always a good product that you can see. And if your going to invest just put only small amount of your money so that there's only low risk.

Anne8

member

Activity: 280

Merit: 10

Quote from: Xelpherpolis on June 04, 2018, 11:48:52 AM

A lot of projects carried out by ICO do not have a working product. And recently it's some kind of trend to collect money for future developments. I do not advise anyone to invest in such projects.

Actually this is really good suggestion and all people must follow this to avoid scam. I think we all dont want to get scam so try to follow the ico which only have working product. Recently many ico just want to raised money and just go away, with this experience now we need to start to avoid not working product ico.

Dandyhunter

hero member

Activity: 910

Merit: 503

I also choose projects with a good and interesting project. Such projects can become successful and interesting for a lot of people. But now it is very difficult to find a good project.

Bestthefriend

newbie

Activity: 97

Merit: 0

ICOs arent a new phenomenon in the market, but we all know that they are a risky venture to take part in , But it must be noted that not all are this way, there are bounty campaigns out there worthy of your time, therefore its a matter of choice, just chose the campaigns well

darkwiz1417

newbie

Activity: 48

Merit: 0

Agreed there are many coins that has no purpose dunno why so many people get interest with them maybe they are not doing their own research

Yagami nunnery

jr. member

Activity: 137

Merit: 1

KONIOS.com

Yes, there are a lot of ICOs in this market. They are not scams. They don’t have good technology. They are just for defrauding money. Therefore, we must be cautious when investing in projects, and carefully analyze every project that we want to invest in order to avoid Lose your money.

Roksodhon

jr. member

Activity: 124

Merit: 1

Of course investing in an ICO that does not have a clear product that is very risky. And as investors we must be observant to choose ICO, so we aren't be fooled by someone who just want take our money.

akihiro101117

member

Activity: 364

Merit: 10

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.

it is not always good to play safe because most of the promising projects are products upon the successful ico. it depends on the teams effort to make it successful. hodlers are always the one who succeed in mooning prices.

Aksiyon1

member

Activity: 147

Merit: 10

Well, your opinion is totally right. But I think this sometimes has exceptions. Do you know EOS? This is a completely promising ICO, has raised a lot of capital in recent years. But until now, they have not launched their product yet. As far as I know, Ethereum when crowdfunding didn't release their the product.

b1marlin

jr. member

Activity: 179

Merit: 1

Does old coins has a product to offer?
Ethereum?
Bitcoin?
do they have it? It is not about the product.
It is about the project and how will the team deliver it on time.
On how will they take care on the project and investors.

kiky03

full member

Activity: 305

Merit: 100

Investment on ico project you have be smart and never try invest on ico without have knowledge about how to analyze with best ico investment. many ico investment have lower price after listed their token on market after two or three weeks. you have smart and know when their coin listed on market because if you have wait long time you will loss and get lower price.

Topic: Never invest no product ICOs - page 21. (Read 6796 times)