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Topic: Never trust an ICO ranking site! - page 2. (Read 2603 times)

sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
June 03, 2020, 06:23:23 AM
You are just saying the truth. ICO ranking has become a business to get free tokens from the project team. The more you pay, the higher your ranking. It has now become a bazaar and I pitty those who rely on ICO ranking sites to make decision.
I once followed a highly rated ICO by this so called ICO rater I was very disappointed at the end of the sales it was a scam despite the high point the ICO was placed,  I took it on myself to embark on through research before investing in any ICO and not to  rely on any ICO sites, I had read many bad experiences of investors relying on ICO sites which later resulted to scam I am sure some would-be or newbies read through comments here before taking any ICO related investment decision
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
June 03, 2020, 04:45:04 AM
As for me, I no longer believe any ICO projects
But I see you're running a project, and how can you attract investors without using an ICO? Or do you intend to implement IEO at the present time? If you do IEO on small exchanges, it is like an ICO, which will surely fail
that doesn't make sense to see that. IEO needs a lot of requirements and audit except if he wanna try to apply for the crap exchange site to do an IEO. ICO is still alive no matter what people said because the fact some latest icos can reach the hardcap easily as long as it's a trusted Rico.
hero member
Activity: 1624
Merit: 500
June 03, 2020, 04:35:46 AM
I don't believe in ICO ranking sites. Most of them are paid and not real.
The more they get from the team (payment) the better the rank they will give!

What I am looking for in ICO is looking at MVP, live and working products. Something that really can make a difference. Not just empty words with fancy pictures.

That's the true. They all charge something to put out a word about your project on their blog and theirs nothing wrong with that. Cointelegragh an charge as high as 2k -5k USD to put and article. The most important thing is giving a honest review
some sites sometimes give fairly honest ratings. it's just that the team is sometimes not very good at moving the concept. however, I took a reference from the ICO rate site maybe only around 50%, and the rest I did my own research in accordance with the standards that I made.
member
Activity: 406
Merit: 14
June 03, 2020, 02:34:27 AM
It's really a shame, just imagine if ICO rating websites are reliable, imagine if coinmarketcap lists only very good coins, maybe many investors would have been safe, maybe millions of money won't be lost today, in crypto space it's all about money now

We are all on our own, do your own research to avoid any fund loss or disappointments
full member
Activity: 658
Merit: 102
PredX - AI-Powered Prediction Market
June 03, 2020, 02:25:13 AM
As for me, I no longer believe any ICO projects
But I see you're running a project, and how can you attract investors without using an ICO? Or do you intend to implement IEO at the present time? If you do IEO on small exchanges, it is like an ICO, which will surely fail
hero member
Activity: 966
Merit: 502
June 02, 2020, 04:03:33 PM
I don't believe in ICO ranking sites. Most of them are paid and not real.
The more they get from the team (payment) the better the rank they will give!

What I am looking for in ICO is looking at MVP, live and working products. Something that really can make a difference. Not just empty words with fancy pictures.

That's the true. They all charge something to put out a word about your project on their blog and theirs nothing wrong with that. Cointelegragh an charge as high as 2k -5k USD to put and article. The most important thing is giving a honest review
hero member
Activity: 2002
Merit: 535
June 02, 2020, 02:39:48 PM
ICO  ranking websites are only doing what a sensible business manager would do, they get paid to rank the project high and that allows the company to continue being profitable. If someone offered you that much money you would take it too, or at least you should take it to be a profitable website.
You can call them fraud if they are taking money from scam projects and then rank them to be the best project in town. I understand that they are doing business ranking these shitty projects but even for that they need to have a background check whether the project is legit or just made to lure people to invest and then run away with the money and none of these ranking websites are not doing any of these background check.
sr. member
Activity: 994
Merit: 250
BabelFish - FISH Token Sale at Sovryn
June 02, 2020, 02:09:49 PM
I don't believe in ICO ranking sites. Most of them are paid and not real.
The more they get from the team (payment) the better the rank they will give!

What I am looking for in ICO is looking at MVP, live and working products. Something that really can make a difference. Not just empty words with fancy pictures.

always believe with your own research, maybe other people or even ICO/IEO rank site just for comparations with your opinion about the project
but the choice is in your hand buddy
sr. member
Activity: 1428
Merit: 251
May 31, 2020, 10:39:21 PM
Why do you have to rely on ICO review sites? Do your own research and choose the best projects. Also do not care about new projects at the present time, most of them will be falling in the future. If you invest in them, you will definitely not profit
Very good point. One cryptocurrency expert once told me, "new projects/new cryptocurrencies are for the crypto experts". What he meant was, since cryptocurrency experts know how to perform adequate research on new projects, it is good to leave it to them. Newbies must always look on already listed coins (large cap and mid-cap) to avoid scam or failure unless the newbie can research well.

Agree, more research needs to be done to find out new projects because they are very risky. Unlike the coins or tokens that have been listed on the exchanger because we can see their performance in the market, are actively traded or not or already have a large market cap value
newbie
Activity: 33
Merit: 0
May 31, 2020, 10:23:04 PM
As for me, I no longer believe any ICO projects
member
Activity: 714
Merit: 14
May 31, 2020, 09:44:31 PM
Why do you have to rely on ICO review sites? Do your own research and choose the best projects. Also do not care about new projects at the present time, most of them will be falling in the future. If you invest in them, you will definitely not profit
Very good point. One cryptocurrency expert once told me, "new projects/new cryptocurrencies are for the crypto experts". What he meant was, since cryptocurrency experts know how to perform adequate research on new projects, it is good to leave it to them. Newbies must always look on already listed coins (large cap and mid-cap) to avoid scam or failure unless the newbie can research well.
copper member
Activity: 966
Merit: 14
May 31, 2020, 03:10:53 PM
These ranking sites used to be good and then they started doing the wrong thing which led many people into losing huge funds in bad projects endorsed by them; sincerely it is a huge mistake to trust those ranking site. It's good ICO are no longer existing else people would have continued using them and thus investing in some scam projects which will have nothing but hype. Nowadays, it is better taking your chances with IEO on top exchanges where there is a good opportunity to make your decisions and make profit.
jr. member
Activity: 165
Merit: 1
May 31, 2020, 01:50:56 PM
I have lost huge sums to IEOs and ICOs in the past simply because I didn't have the right advice at the time and just kept going or trusting in Whitepapers and ICO rating sites or directories. This simply doesn't work most times and these sites or directories are paid to say or write what they people want to see. They do it so tactfully and people tend to believe them in the earn and thus, part away with their monies for investments. In the end, these projects they hype up don't live up to expectations resulting in people losing money. You always have to do your research about any project before putting in your money. That's the only task you owe yourself. Don't depend on third parties that are actually after their pockets.
member
Activity: 821
Merit: 20
SOL.BIOKRIPT.COM
May 31, 2020, 01:28:24 PM
Yes people not believe in ico ranking site because there has paying service. If a project will pay some rewards then ranking site will giving big ranking place. I shouldn't like ico ranking site even we have more enough knowledge for investing a project.
full member
Activity: 1610
Merit: 103
The OGz Club
May 31, 2020, 01:25:23 PM
Why do you have to rely on ICO review sites? Do your own research and choose the best projects. Also do not care about new projects at the present time, most of them will be falling in the future. If you invest in them, you will definitely not profit

If you keep fighting for tokens the same thing will happen to me too, in contrast to Bitcoin investments that will continue to grow if you can play in it.
it's better not to take part in ICO let alone participate in it, I always avoid it,
but for IEO which is held in large exchanges I follow it, because the risk that will be received at IEO is much smaller  Wink
hero member
Activity: 938
Merit: 501
May 31, 2020, 09:13:22 AM
Why do you have to rely on ICO review sites? Do your own research and choose the best projects. Also do not care about new projects at the present time, most of them will be falling in the future. If you invest in them, you will definitely not profit
full member
Activity: 1162
Merit: 168
May 31, 2020, 04:33:26 AM
It is not really about not trusting the website but more like not trusting the owners of the ICO's that would basically pay everyone to look good. That is what the bounties are as well, they pay you 10 bucks or 100 bucks or whatever with their tokens and you see their followers who will be paid spreading the name around everywhere in the whole world, I do not really support it all that much but I understand it. Now, if the bounty hunters are doing it that way, why wouldn't others do the same?

ICO  ranking websites are only doing what a sensible business manager would do, they get paid to rank the project high and that allows the company to continue being profitable. If someone offered you that much money you would take it too, or at least you should take it to be a profitable website.
member
Activity: 714
Merit: 14
May 30, 2020, 09:37:15 PM
Just as not all projects can be trusted, not all ICO rating sites can also be trusted. As already said, most of these sites are just paid to show the upcoming projects and do not necessarily perform any research on them. The responsibility is always up to the investors to do their due diligence.
hero member
Activity: 1778
Merit: 504
WorkAsPro
May 30, 2020, 09:33:34 PM
this can be a place of business for ICO ranking site owners, because the more costs that are given the higher the ICO rating, so it makes some investors tempted to invest in projects, hopefully investors are more observant in choosing projects before investing in them.
I think investors are now smarter, and before deciding to invest in ICO, they will check very carefully because the current ICO projects are scams. It isn't easy to find a good project for you to consider.

In my opinion, it is best to invest only when the project is mentioned by many people and evaluated by famous people at Telegram. Of course, it's still a reference, and you should make your own choice. d
full member
Activity: 770
Merit: 113
May 30, 2020, 06:59:27 PM
this can be a place of business for ICO ranking site owners, because the more costs that are given the higher the ICO rating, so it makes some investors tempted to invest in projects, hopefully investors are more observant in choosing projects before investing in them.
By paying a certain amount of money, the project owner can ask to be given a good rating and review. I've been stuck with reviews like that. Regardless of whether the dev team really falsified its badness neatly or the website was only concerned with profit, I don't know. What is clear, since I was trapped because I too trust the ICO rating, I no longer make it the main benchmark to assess whether a project is legitimate or not. Really an important lesson for me.
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