Never invest no product ICOs - page 66.

aleksandra_kickcity

full member

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Quote from: leea-1334 on January 16, 2018, 08:44:31 AM

Anyone who follows what I say about ICOs know that the very first thing I ask or criticize is the lack of product. To me ICOs that launch or projects that talk about idea without even a working prototype have no right to ask people to give them money to work. People forgot that all the early projects had developers dedicate their lives to building something that they believed in and never needed any money to do it. Refer to Bitcoin, refer to Litecoin, refer to Dogecoin even.

I can 100% understand ICOs that need to expand businesses, or hire new people to do something big, but only to build on something they already know works and they know communities love.

But cannot blame them, after all, so many investors here willing to invest in hype.

true. team invest time. but i believe it has to paid

Maryverycool

newbie

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Yes, I totally agree with you. Now many ico have no ready-made products and will invest in the future. The product is not sure whether it can be made or not. If not, this is a fraud.

leea-1334

hero member

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Merit: 953

Temporary forum vacation

Anyone who follows what I say about ICOs know that the very first thing I ask or criticize is the lack of product. To me ICOs that launch or projects that talk about idea without even a working prototype have no right to ask people to give them money to work. People forgot that all the early projects had developers dedicate their lives to building something that they believed in and never needed any money to do it. Refer to Bitcoin, refer to Litecoin, refer to Dogecoin even.

I can 100% understand ICOs that need to expand businesses, or hire new people to do something big, but only to build on something they already know works and they know communities love.

But cannot blame them, after all, so many investors here willing to invest in hype.

aleksandra_kickcity

full member

Activity: 406

Merit: 100

as they say "don't trust. verify"

linkybit

full member

Activity: 560

Merit: 107

Keep Working

Well it is not necessary for good ICO project to have a product before ICO, however clear roadmap, project and team information is very important. Always research before invest.

hopingman05

newbie

Activity: 24

Merit: 0

Yeah, definitely true. ICO's with nothing to offer will surely have a low chance of being successful. This kind of ICO's sometimes make their way by offering their coins for almost for free or either making a good marketing stunt.

cryptonoob312

sr. member

Activity: 518

Merit: 250

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.

sunX3

newbie

Activity: 182

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.

Thought this would've been common knowledge by now. People really need to see what they're getting themselves into.

GeorgeEden

member

Activity: 126

Merit: 10

Patience and knowledge are gold.

well yeah i get your point we all agree on that also cuz if they ever wanna run away they just gonna do it with our money.and we left with nothing.no products or anything.right?

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: Lama_in_da_house on January 16, 2018, 06:49:06 AM

How kickcity will reward users?

KickCity won't be rewarding users. Event organisers will be creating marketing pool. Users will be promoting tickets via referral links. When a ticket will be sold, a user will be rewarded from marketing pool

000JC88

full member

Activity: 159

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.

Give a cookie to mr... Most people have no idea where put their money and then call ICOs scams..
Check DIW, the most solid platform I ever saw, there are three ways to use the token inside the platform from the begging of the project and will be more at a time..
That's why will be one of the top ICOs and good for long hodl

Lama_in_da_house

newbie

Activity: 38

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How kickcity will reward users?

Beerwizzard

full member

Activity: 924

Merit: 148

Correct me if I'm wrong but under the concept of any ICO it is understanded that there is something that is not developed yet. Even if the company have a product they still gona need money to either develop it or add any new features (otherwise why do they need money?). In both cases you don't know what will happen with the final version of the product. Even the team is not always guaranteeing a quality of the company. For example I've been looking thru 2 ICOs trying to chose one to invest. The first one had a smaller (but still solid) team and communicated well via telegram while the 2nd ICO had a huge team with multiple levels of support that has been dodging me all the time.
It is important to understand that ICO should me analyzed in many different ways because even the ICOs with a product can still have some unclear things.

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: btc_love on January 16, 2018, 05:53:41 AM

can you please give more information about kick city?
like wp, links and so on

Hey =)

sure, there is web site https://ico.kickcity.io
for more information please join community https://t.me/kickcity_chat

francedeni

full member

Activity: 560

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Those ICO's with products are a great project that can proves they are worth investing. So better invest those ico with products this will calm you to the point that you are confident to invest your money.

jeremycoinson

newbie

Activity: 53

Merit: 0

Agree. It is always more credible and safe to consider into something which actually exists. However, note that there are many credible and reliable projects which lack products, which might be a missed opportunity. In my opinion, it is better just to do your research thoroughly, regardless whether is has a product or not. I have stumbled upon both types of ICO's and have both won and lost. As time passed, my investments became more cautious and not the ROI is significantly higher. For example, I'm currently investing in LiveEdu and Giftz.io. The former one is the world's first educational ICO, while the latter is bringing loyalty rewards to the blockchain and differentiates itself from its competitors. Check them out. I personally believe that both have a lot of potential, since their whitepapers and the companies behind them are credible.

jan.nicolas

full member

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I absolutely support your position on investing funds in projects that do not have a product. Of course, this should not be done, because nothing prevents them from simply leaving us with our money.

desertx

jr. member

Activity: 124

Merit: 2

If you've never heard about ICO with the released product does not mean that they do not exist
Qchain for example

btc_love

member

Activity: 566

Merit: 13

can you please give more information about kick city?
like wp, links and so on

aleksandra_kickcity

full member

Activity: 406

Merit: 100

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

Topic: Never invest no product ICOs - page 66. (Read 6796 times)