Never invest no product ICOs - page 56.

aleksandra_kickcity

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Quote from: Dpat on February 26, 2018, 12:13:38 AM

No, ..no this is the wrong assumption of advising that not invest in ICO. But I think everybody should invest in ICO but think before which company they are going to invest. Always track the whitepaper of the company and read thoroughly about their project and analyse the SWOT analysis and calculated risk if the project is viable in long-term or not.

I have to agree with you, you need always read white paper carefully

Dpat

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No, ..no this is the wrong assumption of advising that not invest in ICO. But I think everybody should invest in ICO but think before which company they are going to invest. Always track the whitepaper of the company and read thoroughly about their project and analyse the SWOT analysis and calculated risk if the project is viable in long-term or not.

streazight

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Quote from: nodav on January 16, 2018, 05:29:59 AM

I agree with you. When a product or working prototype, it gives more confidence in the successful completion of the project. After all, before the ICO to create a prototype, the company worked and found investments, it means that it really works, has experience, knows the weak points of the project and will overcome them.
ICO without product are like a scam

Right, it is this product that would make the objective of the coin or token come into play, make it useful, drive in demand and of course increase the value of it over time. However, most people are always looking for the easy way out for quick bucks, when the real investors are getting richer with good solid projects.

Once there is a product, there is a future and how much you believe in the relevance of the product, determines how well you decide to invest in it.

Whosdaddy

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Quote from: aleksandra_kickcity on January 16, 2018, 05:52:38 AM

Quote from: nodav on January 16, 2018, 05:29:59 AM

I agree with you. When a product or working prototype, it gives more confidence in the successful completion of the project. After all, before the ICO to create a prototype, the company worked and found investments, it means that it really works, has experience, knows the weak points of the project and will overcome them.
ICO without product are like a scam

Yeah. How can they prove anything? Also, if they have marketing money why can't they spend it on a product? Looks suspicious

Just simple! And thanks a lot for pointing that out. That is simply because even the projects owners are looking for the easy way out and do not even want to try to give out something before taking.

It is always suspicious and a ready to work team would always have at least a product in the beta stage and something to show how much they are willing to work once they have the funds and not some empty promises which is why they always end up messing up their investors after the ICO is over except for some few ones.

Crypto_lion

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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's not as simple as that.I get what you are trying to say.Crypto currencies are a risky entity in itself and ICO's are even more risky because they can be scams .But what you need to do is are you willing to take a big risk for potential bigger profits?
There will be always heavy competition for "established" ICO's which have working product , so you need to spot a Ico with a good team, sound idea . Yes you're talking a risk , the team may never be able to make it or might be possible that a competitor takes over, but the potential rewards can be huge as well.

Example : Eth,Neo

Kevin77

legendary

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Quote from: boakyei on January 16, 2018, 05:26:13 AM

It is a good analysis because ICOs tokens are based on the real value of a project so why then do anybody have to give his hard earned cash to a project without full understanding of the product or service been offered.

Just one single reason why they would do that is ignorance of how the whole cryptocurrency space operates, or the fact that they are just being enticed by some whitepaper and web graphics, that they leave out the product and the team, only to have some quick bucks at the end of it all.

It is funny to me how people will invest in a shit project when they can easily focus on the good ones and get a better and sustainable result in the long run. I was wondering why a lot of people invest in a project without a product and the only thing they are busy investing in are just some promises of some future or upcoming product.

I am not surprised since what most people are looking for now are the quick bucks and they really do not care much if the project sucks or not or if there is a product or not, which is the reason we have a whole lot of polluted atmosphere with shit coins today.

AfterTheFork

jr. member

Activity: 203

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The success of an ICO depends on the project structure the team of developers among other factors. just like not every ICO will succeed, not all will fail either, infarct some ICOs register high rates of success, it all depends on its focus, look keenly, compare and contrast and research well and you will know what works

Geenstijl

legendary

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Quote from: De_nis on February 22, 2018, 08:35:18 AM

I am agree with you, the finished product is an ideal condition for investment, but greater volatility and greater income can be obtained by investing in a promising idea that will later become a ready product! And Yes investment is always a risk!

+1, all investments are a big risk and you must always remember this. Sometimes ICO has a good idea and a ready product but despite this the project crashes. It depends on many factors. The availability of MVP will not give us guarantees that the project will be 100% successful.

Ailmand

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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.

Good point mate. I think there is value in this suggestion. Since there are so many ICOs being introduced daily in this market, I think that people should choose thoroughly and wisely to ascertain if an ICO would succeed or not. And an ICO with no product or new concept would be more difficult to market and be successful because people would not find anything appealing in it. People tend to gravitate on new ideas, concepts and products, if not, on those products that even if are not new but show clear and great improvement from its predecessors.

djamielove

newbie

Activity: 50

Merit: 0

I agree with this.

I think people get too fixated on the idea of the ICO, but sadly it needs to be able to work in real life. It is all great having the best idea, but if it cannot be made, it is a fools dream.

I also like to invest into ICOs with products because then I am able to see what I am investing into, I can see where they need to work on their platform and what the MVP is. I expect that ICOs will move more towards a product side as it builds investor's confidence.

Script3d

hero member

Activity: 1232

Merit: 503

some ico's dont have a product because they dont have fund to start developing their product thats the purpose of it there are alot of good coins that started on ico without any product and yet to be made remember ethereum made a crowdsale before and now its sitting on number 2 spot.

visiblehand

newbie

Activity: 57

Merit: 0

Some requirements you should have for considering investing:
1. Either a somewhat finished product or a publicly detailed plan for the product and an experienced team that has launched other successful products.
2. A detailed explanation that makes sense for why the token will be necessary for the product.
3. Some indication that as much time and money are being spent on marketing the product and running the business as promoting the token and developing early versions of the product.

De_nis

full member

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I am agree with you, the finished product is an ideal condition for investment, but greater volatility and greater income can be obtained by investing in a promising idea that will later become a ready product! And Yes investment is always a risk!

ocid

sr. member

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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 agree with you because in the case of promoting a project it should be supported by a product. ie as you mentioned for example is at KicK City company which is indeed a revenue generating event platform. but now we as investors who will join to do an investment sometimes just given a fantasy that is very promising and in the end not a few who just end up with a scam.

bramgg.crypto

member

Activity: 194

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Grow with the flow.

Quote from: ?? on ??

I use the money from the Bitcoin and Ethereum trade to get tokens from the Ico projects. If the scam of the Icp project I bought is scam, it will not be my loss. Because I invested in the money I earned from trading.

But then again, you will lose your profit, which you could also have withdrawn and went on a nice vacation with to name an example. So it would still be a bummer.

Back to the question, When Ethereum was in ICO phase, it also wasn't a real functioning product yet (please correct me if I'm wrong). But it has turned out to be really profitable when you've participated in the ICO. So I don't think all ICO's without a product are useless. It is just very important to do the research and really believe in a product before you throw your money at it. Just my 2 cents..

aleksandra_kickcity

full member

Activity: 406

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Quote from: ?? on ??

I use the money from the Bitcoin and Ethereum trade to get tokens from the Ico projects. If the scam of the Icp project I bought is scam, it will not be my loss. Because I invested in the money I earned from trading.

That is true

housebtc

sr. member

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I think this point divide opinion, to me 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, but even with some projects claiming they have a prototype, just look at Credits team what they did, it was later found out that the alpha platform do not do what they claim on their website, so to me as long as I am comfortable with the team and the idea, I am good to go

neymarjunior50

jr. member

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This time there will be no investors are buying no good project ICOs and Altcoins because there would be no profit in it. That's why every ICO have different unique project like decentralization of everything.

wxxyrqa

full member

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Quote from: crypt0heaven on February 21, 2018, 02:35:55 PM

I completely agree. Make sure you invest into something that is far beyond just a concept. A concept alone is really not worth any type of amount in millions.

but you see what means today are working in the market of ico companies. This is a very huge market and big numbers. Therefore, I would not categorically speak about all these projects with negative.

crypt0heaven

full member

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I completely agree. Make sure you invest into something that is far beyond just a concept. A concept alone is really not worth any type of amount in millions.

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