Topic: Never invest no product ICOs - page 54. (Read 6803 times)
Yes , it's wisely to stay out from ICO's who don't have a working product or they don't even know how to build a working product. But if the project already has even an alpha product then the investment is worthing and project really has a chance for succed.
I think answer of this question is very clear. Of course, ICO projects claiming to found banks are definitely ICOs that shouldn't be invested. Because of the nature of the blockchain is against the banks.
ICO becomes a tool to introduce products that the company launches so as a means of advertising then the ICO should be followed by many participants who support the project to succeed according to their target
Yes it is safer to invets in products which have a working prototype.There is no point of investing in projects which does not have a prototype.
However there are exceptions as well. For project which have very good team and excellent idea , I go ahead put my money. Its like seed funding more riskier. Since the risk is high the return is high as well.The key is to do your due diligence properly which include github if any.
However there are exceptions as well. For project which have very good team and excellent idea , I go ahead put my money. Its like seed funding more riskier. Since the risk is high the return is high as well.The key is to do your due diligence properly which include github if any.
If you have enough of experience and money to invest you can allow yourself to be risky. However, you still have to be careful, because scammers are everywhere
very accurate. if this can happen will go along way..
This is true, if there is no working product better to stay away from this ICO, at least be safe on investment because there are a lot of ICO scam and already make a lot of peoples losing their money.
I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.
That is really one of the importantest Criteria which I use when is going to invest in any project.No product (alpha/beta/demo) version - NO MONEY!
Yes, if an ICO project products have been developed successfully, then we can consider to investment, however, most of the time if the ICO project there is only a white paper and the technical route, so I want to invest considerable danger.
I also think so. I will choose and trust the ICO project that already has the previous product. It will be more clear where the direction, process, progress and real what will be developed.
Yes it is safer to invets in products which have a working prototype.There is no point of investing in projects which does not have a prototype.
However there are exceptions as well. For project which have very good team and excellent idea , I go ahead put my money. Its like seed funding more riskier. Since the risk is high the return is high as well.The key is to do your due diligence properly which include github if any.
However there are exceptions as well. For project which have very good team and excellent idea , I go ahead put my money. Its like seed funding more riskier. Since the risk is high the return is high as well.The key is to do your due diligence properly which include github if any.
I have no issue with a solid team asking for right amount of money to develop their platform, Ethereum did and we all know the result, a lot of people like me are having a hard time discerning what may be promising from those that are truly scam. .It is normally to consider the ICO's product and development team before getting involve with them because if you dont do some research you might ended up getting rekt, one will invest in an ico unless it has a purpose,
Yes solid team and great concept which is actually trying to solving the problem we can support even without working product . But now lots of impossible solution raising funds . Some are copying successful project and trying to collect funds.
Of course, the project that has a finished product or prototype causes more confidence than just statements about the development of something, but it should be taken into account that there are unique ideas that have the right to develop, but who do not yet have a finished product, of course it's more like crowdfinding, but in our time is easier to collect investments in the process ICO than on the grounds of crowdfinding. And here the investor decides only on trusting the project without a product.
The idea of ICO is to get money to start a project. I never saw ICOs without a product maybe some which are not ready.
As investor you got to do research and decide to believe in the success of the product, they create or will create, or not.
Its you job to think will the idea work or not!
You dont really need a finished product to decide that it will be successful.
As investor you got to do research and decide to believe in the success of the product, they create or will create, or not.
Its you job to think will the idea work or not!
You dont really need a finished product to decide that it will be successful.
I have no issue with a solid team asking for right amount of money to develop their platform, Ethereum did and we all know the result, a lot of people like me are having a hard time discerning what may be promising from those that are truly scam. .It is normally to consider the ICO's product and development team before getting involve with them because if you dont do some research you might ended up getting rekt, one will invest in an ico unless it has a purpose,
Your sentiments are right, it is definitely safer to invest in ICOs that already have a working prototype. It gives confidence to the investors. But remember that there are brilliant ideas out there that need a x-amount of substantial amount to even get a working prototype. That is why I like the idea of escrowed funds with ICOs, and a community based vote to release the funds in tranches. So if the overall goal is $8m, and 700K is needed to get a prototype done, release the 700K first then see if it worth to release the next batch or all of it.
Tied to this, I hope people can start investing in ICOs that will help scale-up already existing projects that have been tried and tested and value visible and verifiable track record. With these, investors know that it not a scam, and the returns are almost a surety.
Tied to this, I hope people can start investing in ICOs that will help scale-up already existing projects that have been tried and tested and value visible and verifiable track record. With these, investors know that it not a scam, and the returns are almost a surety.
maybe you are right. but I still can't understand how people are going to try the product
Your sentiments are right, it is definitely safer to invest in ICOs that already have a working prototype. It gives confidence to the investors. But remember that there are brilliant ideas out there that need a x-amount of substantial amount to even get a working prototype. That is why I like the idea of escrowed funds with ICOs, and a community based vote to release the funds in tranches. So if the overall goal is $8m, and 700K is needed to get a prototype done, release the 700K first then see if it worth to release the next batch or all of it.
Tied to this, I hope people can start investing in ICOs that will help scale-up already existing projects that have been tried and tested and value visible and verifiable track record. With these, investors know that it not a scam, and the returns are almost a surety.
Tied to this, I hope people can start investing in ICOs that will help scale-up already existing projects that have been tried and tested and value visible and verifiable track record. With these, investors know that it not a scam, and the returns are almost a surety.
It is really good to invest in ICO if you only know that this ICO is legit and will likely succeed. One of the best indicator that an ICO is good if there is really a working product readily available and good to go the moment the ICO ends. Before i invest, i always check ICOs source code at github too.
You have to risk when you are investing in ICO and that's normal. But when you are doing research for ICO to invest you should definitely look for ICO with a product. If its possible you should check quality of product, meet the team members, follow activity on social media etc...
Maybe good example is https://energypremier.com/en
Maybe good example is https://energypremier.com/en
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 would also say, be wary of ICOs with just about everything completed from an existing business to partnerships (way way past MVP). In this case they might not even need money to begin with.
As with any investment, nothing in the Initial Coin Offering space can be predicted or proved with absolute certainty. especially with no product. These projects lack anything users can touch or test.
That is why I believe there should be ready-made products
Jump to: