New projects plan from the very start - page 3.

pieppiep

hero member

Activity: 1596

Merit: 502

Quote from: Kvalentine on September 14, 2019, 04:06:12 AM

1. Attract investors with good discount price
2. Make enough money from IEO fund raising
3. Use very low fund to list on shit exchange
4 Abandon the project slowly

This is all planned from the beginning....

Now the question is which developer doesn't know that listing on low exchange won't do any good? are devs that stupid? no they are not,infact they are the ones that understand more about crypto that any other.

The dev is not stupid, and they are making the best plan to trick people and get the money. They know how to explain to the investor with the good because they have skills to get the money without making them suspicious. They gave an exciting project to the investor and told them that the project would be a success after the ICO or IEO.

With doing that, they can quickly gather many investors to come to their project, and they can also get big money to funds their project. But then some of them are running away without thinking about the investor, the participants, and the project itself because what they want is all about the money. They choose to list on the low exchange because they can run away in anytime without explaining to the investor.

So you need to be careful to choose the right project, and although you have any information about the project, it doesn't mean they will run the project for a long time. They can scam you in anytime, so you need to invest with the money you can afford because you will regret it if you don't know that.

aemma

copper member

Activity: 966

Merit: 14

This is gradually becoming the trend now, a team will hype their project then succeed in launching on a good exchange for IEO, once it comes a success and after few pumps it starts going down, leaving everyone to wonder if actually the team had the expertise to run the project. Funny enough, most times it proves right that the team are only after their pockets. Also, the aspect of listing on a shit exchange really looks planned, and the next thing they will say is more exchanges are coming, while the current shit exchange drags the project down and as well the team continues making their move of abandoning the project.

kawetsriyanto

legendary

Activity: 2450

Merit: 1140

duelbits.com

Damn right! What you stated above are the facts, it commonly happened in current new projects. That's why many investors are not really sure to invest in new projects anymore. Nothing can be expected from IEOs on shit exchanges since most of them are careless of the quality from the new projects.

Regarding developers, I agree that they are not stupid but smart enough. They must know that listing on shit exchanges won't bring good impacts to their projects. The big reason why they choose shit exchanges is to scam people with low capitals. Cheesy

minersday

hero member

Activity: 1484

Merit: 535

Quote from: Kvalentine on September 14, 2019, 04:06:12 AM

1. Attract investors with good discount price
2. Make enough money from IEO fund raising
3. Use very low fund to list on shit exchange
4 Abandon the project slowly

This is all planned from the beginning....

Now the question is which developer doesn't know that listing on low exchange won't do any good? are devs that stupid? no they are not,infact they are the ones that understand more about crypto that any other.

In as much that a new crypto project present a good investment discount to crypto investors, they need to first read and research more about the project before investing in it. All shit projects have the same characteristics and do not have any realistic solution or aims in bridging any specific problem in either the crypto space or the entire world's ecosystem. Only knowledge and research can safe investors into investing in shit projects.

alberdina

member

Activity: 644

Merit: 10

Everything was planned from scratch. You may be able to understand that those who must be familiar with crypto. However, they list projects that they develop on exchanges that have small volumes.

I see many of these projects growing on small exchanges. But if you look at the sales activity, nothing at all. As the project dies, I am also confused, is this their goal for project registration on the exchange? I think this is a very bad form of development and the goal is that they just want to raise investor funds and run away with this fund.

Aryleeto

jr. member

Activity: 406

Merit: 1

Quote from: cp_underground on September 15, 2019, 06:03:04 PM

many new project are launched now is just for raising money for them.
even any project ended sucessfully, like you said they don't want spend money for listing in popula exchange.
and many of them after listed on exchange never buyback again from market, and this condition make the coin become a shittoken

I did not notice that many of the projects raised good funds during the ico, most projects raise a lot of money in the ieo and on good exchanges, these coins are developing.

cp_underground

member

Activity: 191

Merit: 10

many new project are launched now is just for raising money for them.
even any project ended sucessfully, like you said they don't want spend money for listing in popula exchange.
and many of them after listed on exchange never buyback again from market, and this condition make the coin become a shittoken

Catmurs

jr. member

Activity: 518

Merit: 1

Quote from: ?? on ??

As well as a skip the third paragraph. Why should they spend money on an exchange? There are many projects that promise listing for more than a year. And the team gradually goes into the shadows.

There are a lot of such projects, to get to the top exchange you need a lot of money, and not everyone wants to give them, now it is very convenient for projects that make ieo, the listing takes place in a few days.

rdewilde

full member

Activity: 925

Merit: 100

You raised good points and as funny as it might sound, that's what most team are doing although not all. I have seen many projects that took this steps you just mentioned not forgetting the hype that followed it as of then. On the other hand, I have seen some projects which started on small exchanges and later did well as well as listing on a bigger exchange. In my own opinion, it is all planned but in this case, while some team plans for success others plan for fraud, thus it's a two way thing and therefore neccessary for us to look beyond any hype etc and check the legitimacy of any project.

zuziekatee

jr. member

Activity: 139

Merit: 1

sometimes its not planned as such. thing just happen to chance and they switch play to that direction. its not so easy to manage and set up a project. but some planned it from start. but it wont happen again because things have changed.

FiuMr697

jr. member

Activity: 205

Merit: 1

more work less buy.. services...

the team work by free services as social media or forums , applications etc. is better option to build PR than buying services.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: #Darren on September 15, 2019, 11:34:43 AM

A lot of projects are doing things exactly in the same oder and the problem is that it is very difficult to detect such a project from the very beginning. If funds collection goes well, team is doing their work, developing product without any sign of a scam and stop operating within the next several months.

That is, if they can raise their target funds because they are always considering how much money they can put in their pocket. But if not sufficient money is raised, the development will be slower than planned. Very few projects are true to their words that no matter what their developments will push thru whatever amount they collected from the community.

The scenario presented by the OP has been happening a lot already. And we already have had enough of that shitty projects. People should stop patronizing them because those "dev" teams will not stop stripping money from investors, whether from whales or small time players.

Metall303

full member

Activity: 891

Merit: 100

Oikos.cash | Decentralized Finance on Tron

listing on shit exchanges it is opne of the biggest problem right now. I am ready to wait for few more month before listing than to see my coin on some shit exchange

atjiat

full member

Activity: 1204

Merit: 104

Quote from: Samayuki on September 15, 2019, 12:26:20 PM

Quote from: #Darren on September 15, 2019, 11:34:43 AM

A lot of projects are doing things exactly in the same oder and the problem is that it is very difficult to detect such a project from the very beginning. If funds collection goes well, team is doing their work, developing product without any sign of a scam and stop operating within the next several months.

What i always try to do with this kinda of situation is always try to find out if the project i am trying to promote has bigger reputation to protect, if the project has a well known team or CEO it might be a good choice because it will be hard for such project to turn scam

Recently, there have been practically no such projects, because of all the Bounty companies in which I participated, practically no team makes any announcements about their work or about the results of the development of the project. I'm not talking about remuneration, because I want to talk about the poor professionalism of the developers and their inaction, which generally do not improve the situation for the development of their project.

Samayuki

member

Activity: 574

Merit: 24

Quote from: #Darren on September 15, 2019, 11:34:43 AM

A lot of projects are doing things exactly in the same oder and the problem is that it is very difficult to detect such a project from the very beginning. If funds collection goes well, team is doing their work, developing product without any sign of a scam and stop operating within the next several months.

What i always try to do with this kinda of situation is always try to find out if the project i am trying to promote has bigger reputation to protect, if the project has a well known team or CEO it might be a good choice because it will be hard for such project to turn scam

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: crazy-pilot on September 14, 2019, 11:20:23 AM

Do you think that all new projects follow this plan? In my opinion, this is really happening, but not with all projects. Many projects do not succeed due to lack of experience of the development team or due to other problems.

But for now, mostly like that, good initial planning, but after and accumulating a lot, the team is also thinking again to carry off with that money.

#Darren

sr. member

Activity: 784

Merit: 250

DIA | Data infrastructure for DeFi

A lot of projects are doing things exactly in the same oder and the problem is that it is very difficult to detect such a project from the very beginning. If funds collection goes well, team is doing their work, developing product without any sign of a scam and stop operating within the next several months.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Kvalentine on September 14, 2019, 04:06:12 AM

1. Attract investors with good discount price
2. Make enough money from IEO fund raising
3. Use very low fund to list on shit exchange
4 Abandon the project slowly

This is all planned from the beginning....

Now the question is which developer doesn't know that listing on low exchange won't do any good? are devs that stupid? no they are not,infact they are the ones that understand more about crypto that any other.

People who were investing on those shit projects were stupid though.

We had lot of scam projects in 2017 and 2018 but still people believe on the new projects which make the way for new scam projects to arrive.

Even though this is not completely scam,but its the another level of perfect scam.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: Kvalentine on September 14, 2019, 04:06:12 AM

1. Attract investors with good discount price
2. Make enough money from IEO fund raising
3. Use very low fund to list on shit exchange
4 Abandon the project slowly

This is all planned from the beginning....

Now the question is which developer doesn't know that listing on low exchange won't do any good? are devs that stupid? no they are not,infact they are the ones that understand more about crypto that any other.

This is exactly what sonm.com did.

RealMalatesta

legendary

Activity: 2380

Merit: 1150

No developer and that is why any bounty hunter or any investors should first always demand for which exchange they would list on. You see it is just because we are lawless in this cryptocurrency space and everyone is not being strict with those project developers, that is why some of them could wake up in the money and think of doing all those 4 things.

If we had always demanded for which exchange the project will be listed on before they get a dime of our money, and it is not just a verbal statement, but there must have been a commitment to such exchange to proof that when the project is over, they will be listed on such big exchange. So, you are right about what you said, they were all well planned before they started the project and that is why you see them not bothered when the project is dying.

Topic: New projects plan from the very start - page 3. (Read 714 times)