Topic: Never invest no product ICOs - page 44. (Read 6803 times)
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
It appears to be that most ICOs without a working product normally do not do well, maybe before or after the ICO. Most of these projects do not meet market expectations and normally dwindles from the market. I know of several ICOs who never released their working product till date and the coins of these products are now "shit" coins.
I agree with your point of view, I think that the ICO provided by the product is more suitable for investment, it is more secure and more trustworthy!
Even if the ICO has a product, it does not mean that it will be accepted by the market. In addition, there is a trend when the ICO tokens significantly drop in price.
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.
As I see now it's very popular to hype project. Nothing work, nothing rare idea. Hype, inlet funnel and whitelist are key points for success ICO's now. What you say about product? It not need 
Any good ico should have a working products before U invest to avoid stories that touch
Because ICOs tokens are based on real value no body will like to invest on a project without understanding it are Objectivity and how it will strive in the crypto world. To me i will never invest my hard earn money in any ICOs because of the unseen.
You need to invest in product ICO then you can analyze the company's further successes and its effectiveness in the market. If the food company is successful its tokens will grow.
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 absolutely agree with the author of this article.When a team of a project has a finished product the project has every chance of a successful ICO. Investors are now very reasonable in choosing an object for investment (ICO projects)
I remember Electroneum branding themselves as the next Bitcoin. Started with $0.01 in their ICO last October 2017, launched around $0.10 in December 2017. They never had any working products, just pure paper.
I agree with this, people are too quickly to invest into an ICO just based on the hype and white paper. If an ICO has a working project, it shows they are always on their way, they have already put time, effort and resources into the project and you can actually look into what you are investing.
This proves not only the fact of fraud. But it also proves the fact that people know what they are doing. Usually ICO without a product fall apart due to the fact that they can not calculate the money and do not fully understand how to implement the idea. Because it's innovative.
This is a true fact. Most of these new crypto base decentralized project have just a concept. some are not even feasible and practical. They just meant to run an ICO and collect funds. The probability of them to fail is high. People should be vigilant when investing in an ICO.
Sometimes, its best not to gamble your money to a project without a mvp or a working product. By joining these campaigns, surely the hype of it is low, and has a possible to turn out as a exit scam. It is better to join in a project where there is a visible mvp or a working product. Surely the hype will go high because they have already proof of their work.
If you plan to invest in a company without a product, then there is a very big chance that you will lose all the money.
Now although we don't have an MVP available to the public, we do have our beta exchange almost complete. Screenshots of our exchange will be released this week. Check out our ANN thread in the meantime, we won't disappoint!:
https://bitcointalksearch.org/topic/annicobounty-bithemoth-exchange-an-all-encompassing-exchange-platform-3311741
At Bithemoth, we're developing an all-encompassing trading platform.
Here is what sets us apart from the existing platforms:
Those are the main features, there are small things that I always forget about! But it’s all in our whitepaper. With a partner like ReddCoin, and the other projects we are currently in talks with regarding a partnership, you do not want to miss out on this opportunity.
https://bitcointalksearch.org/topic/annicobounty-bithemoth-exchange-an-all-encompassing-exchange-platform-3311741
At Bithemoth, we're developing an all-encompassing trading platform.
Here is what sets us apart from the existing platforms:
- We plan to streamline signup process. Too many exchanges have created so many hoops for users to jump through in order to use their exchange
- Our UI will be very clean. This is a main focus for our platform. Existing exchanges can be very confusing for users new to the crypto space.
- The in-house portfolio management allows users to easily assess their investments with features such as average buy cost, current value, cumulative portfolio performance, and more.
- It’s well known that the support systems that exchanges have setup are highly inefficient and frustrating for users. We will have dedicated systems in place to ensure users have no issues when utilizing our platform. Along with that, we’ll have multilingual support.
- All the features we support on our platform will have a video explanation ensuring smooth trading
- We will introduce fiat to crypto transactions and vice-versa
- Mobile App
- Marketplace where users can use crypto/fiat to buy products and services
- An integrated specialized hardware wallet for users to store all their assets
- Bithemoth payment cards – this is expected to be integrated within the first 2-3 years of operation
- Brick and mortar locations that allow people to come in, speak with our team, learn more about the crypto space, learn how to get started with our exchange. Pretty much an educational service
Those are the main features, there are small things that I always forget about! But it’s all in our whitepaper. With a partner like ReddCoin, and the other projects we are currently in talks with regarding a partnership, you do not want to miss out on this opportunity.
if the product is tested in market conditions and developed, only in this case it is worthwhile to go to investors for additional financing, otherwise it is either an inefficient product or a scam.
I was looking for some ICO project wherein I can use their token to buy special items on their product list, like for example Samsung, if they where to create ICO for them then you can buy phone jelly.casing with customize printout then probably aside from holding you can use their token to buy things in their stores or company.
You are right, it is because many of them have failed in developing their projects, I often see some ICO projects without promising products, failing and the price keeps dropping
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