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Topic: NFT presales vs ICOs (Read 245 times)

hero member
Activity: 1540
Merit: 507
February 09, 2022, 06:23:39 AM
#35
I think ICO and NFT is the same honestly, but NFT brings real game that could lasts for significantly longer if compared with ICO that are mostly just bringing some gimmicks.
see the NFT land that you could own, they could literally have so many function inside the game, it could be used for making advertisement if the game turns out becomes hits just like decentraland,
I think in the long run NFT bring a lot more benefits if being compared with ICO in the past I think because there are so many scams ICO but with NFT you could at the very least see the product that is a game, and maybe arts and see
if they are truly great alternative of investment.
legendary
Activity: 3542
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
February 08, 2022, 12:41:39 PM
#34
I would guess that NFT is the worst of the two. Why? Because, in the NFT world you are not getting the same thing as everyone else, so you are getting something in presale but it is a unique thing, which means that you may profit from it if it is a unique thing, but if it is a common one then you won't.

Hence, it is clearly important that we do not end up with anything that is too worthless but we can't know that. This is also the same reason why I would prefer IDO, why? Because, I am getting the same thing everyone is getting but I am getting it earlier and I am getting it cheaper, which means there is a good chance I could profit before anyone else.
full member
Activity: 1946
Merit: 112
February 07, 2022, 04:25:52 PM
#33
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

As for NFTs, I believe that the NFT trend is gaining momentum right now. We can see many well-known personalities and companies announce the implementation of NFT, which means that the NFT market has not yet reached its peak and probably in 2022 we will be able to see another increase in the development of NFT. Are NFT presales similar to ICOs? There is probably a similarity, since both of these directions were able to give impetus to the development of the crypto industry and the adoption of crypto. So the NFT market has not yet reached its peak, which means we can still make good money on it.
hero member
Activity: 1652
Merit: 690
Leading Crypto Sports Betting & Casino Platform
February 07, 2022, 02:25:01 PM
#32
There are 2 type of investor, in any type of sales. I mean both NFTs or ICOs sale, there will be an investor who look for short profit and they usually follow the hype or create the hype and then change to another project, and investor who be project believer and hold as long as they can to support the project, so pump and dump and dead project is something usual happened in crypto.
full member
Activity: 672
Merit: 100
February 07, 2022, 01:38:28 PM
#31
The ICO in 2017/2018 was the worst, there were many scam projects whose purpose was not clear but it can't be denied that this year there are still ICOs that steal investors' money. I have experienced 2 times in 2021. NFT presale is better because it is launch with IDO which means exchange who sell NFT new projects have stable value compared than ICO Tokens
full member
Activity: 588
Merit: 100
February 07, 2022, 11:12:11 AM
#30
If NFT presale is compared to ICO in value, of course, ICO is different way. ICO is a way to get investors by selling their tokens, which are calculated to be volatilefor asset token they have, while NFT value will be stable and will even increase according to the scarcity of NFT assets, even big companies like Nike and Adidas are becoming one of the leading NFTs that enter the crypto market selling their NFT products
full member
Activity: 686
Merit: 100
February 07, 2022, 08:11:53 AM
#29
When NFT Presale and ico presale are compared, the two do not match.
Because they are both different ways of buying it.
Because the NFT Presale method of selling is based on certain specifications, the buyers are also limited because they make certain regulations.
Unlike Ico, which is open freely so many people can buy it as long as they have the money.
But you also need to remember that NFT is very vulnerable to risk, unlike Ico tokens.
legendary
Activity: 2884
Merit: 1137
Leading Crypto Sports Betting & Casino Platform
February 07, 2022, 01:12:00 AM
#28
(snip)....
 Eventually this NFT craze will also die off. I wonder what they will come up with next.
Its just a matter of time before NFTs die...
(snip)

Well i think you people are wrong.

ICOs never died either, there will still be new funded projects. They were just changing their name to IEOs (which were just called icos before this new cex branding idea) or private sales or moving to DEXes (IDOs).

NFTs (ERC-721 or other protocols) won't die same way as ERC-20 or BEP-20 (or others) won't die. I don't think anyone dissing NFT is having very deep understanding what it is or what the potential use cases are.
hero member
Activity: 2912
Merit: 629
February 06, 2022, 11:13:43 PM
#27
I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.
It has similarities but despite of that fact many people are still careless and ending up into a worse situation.

It seems they never learned a lesson from the past that the current hype doesnt necessarily mean its profitable.

Regardless how good the project is, its a must to do an extensive research to avoid scam projects.
sr. member
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
February 06, 2022, 07:59:18 PM
#26
You may see similarities, but honestly in this space new trends and the way it evolves are meant to attract investors interested in helping the market reach bull states. After going through many big bulls in the market, I'm not too concerned with how it will turn out, what we have to do is prepare for this market.

Most of us will grow up after going through that, so whatever your goals are, you will understand what you are doing.
hero member
Activity: 2730
Merit: 588
February 06, 2022, 07:28:42 PM
#25
You are not wrong. ICO's, DeFi, NFT's have generated lots of hype and the hype enabled lots of scams. I've been reading that there are people who buy their own NFT's for millions and then put it on the market. They are basically wash trading and now NFT's made it even easier to do than what it was. Eventually this NFT craze will also die off. I wonder what they will come up with next.
Its just a matter of time before NFTs die, and we all know new trend will come into this market because we keep on growing and for sure, new inventions will be made. They are almost the same raising funds through the hype and if there’s a great demand for it expect for the price to go up and corrections will come later. NFT is still on a hype though, there’s still a chance to buy and make profit.

On the contrary, I believe NFT industry is just starting and they are getting more popular because of its use case in the Art industry.
Artists, singers, athletes and other popular personalities are discovering this technology as new way to showcase their masterpiece to the interested public.
As a buyer, it is your task to determine if the item is authentic or not, and just buy what you are really passionate of, not because of the hype.
Because if the artwork is something that you like, even without the hype, you will treat it as a priceless possession.
I can say NFT, is somewhat different than ICOs. NFT has valuable purpose if utilized properly. Whereas, most ICOs are just launched to rip users.
sr. member
Activity: 1554
Merit: 260
February 06, 2022, 07:24:57 PM
#24
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

I'm afraid you're right. The 2017/18 situation with the ICO is very similar to the hype we have now on the NFT. I don't know how long it will go on, but I think it could end very much like what happened with many ICO projects. The difference is that many projects failed because of a very long bear market in 2018.19. Now the NFT hype may last longer due to the better condition of the entire cryptocurrency market.
hero member
Activity: 1666
Merit: 753
February 06, 2022, 07:10:59 PM
#23
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

You're exactly right.

A lot of the NFT sales right now have no substance whatsoever and only exist to make sure that the founders get their payday.

If you are hunting for presales, please do your research and make sure that the art being sold is not being pirated, the smart contract is actually legit, etc.

Lots of resemblance between this NFT craze and the ICO craze back in 2017...
full member
Activity: 2128
Merit: 180
February 06, 2022, 05:48:38 PM
#22
You are not wrong. ICO's, DeFi, NFT's have generated lots of hype and the hype enabled lots of scams. I've been reading that there are people who buy their own NFT's for millions and then put it on the market. They are basically wash trading and now NFT's made it even easier to do than what it was. Eventually this NFT craze will also die off. I wonder what they will come up with next.
Its just a matter of time before NFTs die, and we all know new trend will come into this market because we keep on growing and for sure, new inventions will be made. They are almost the same raising funds through the hype and if there’s a great demand for it expect for the price to go up and corrections will come later. NFT is still on a hype though, there’s still a chance to buy and make profit.
full member
Activity: 1001
Merit: 100
SOL.BIOKRIPT.COM
February 06, 2022, 04:01:31 PM
#21
I think NFT needs time and a process to be able to develop and has a big risk, which is prone to disposal of the caries that we perform as an investment, I personally prefer a logical and definite one where I prefer to invest with coins that have bright potential and prospects in crypto, namely coins that are ranked in the top 10 of CMC, because the opportunity to be able to provide profits in the future is very high.,
legendary
Activity: 3640
Merit: 1407
February 06, 2022, 01:12:24 PM
#20
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

Well if anyone has any sense about them you'd realize the 2017/18 icon ended in a barage of lost money.  99.99% ended up in scam territory.  And yeah I think it's the se thing, especially the part where most all of these "projects" will end up as shams.  Can't believe so many people fall for this crap.
sr. member
Activity: 1022
Merit: 252
February 06, 2022, 12:14:31 PM
#19
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

The trends are similiar to people who are the hunter of quick profits, they will get into the whitelist and hoping they're in then sell it with double or triple profits once it launched on the market with the benefit of people are still on the hype getting the NFT things, or coins in the ICO.
Also the IDO and launchpad are also the same, but only few projects that could survive on the market more than 1 month after it launched
legendary
Activity: 3094
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
February 06, 2022, 11:27:45 AM
#18
NFT sales are not comparable with ICOs, here's my concern why it's not comparable with icos. NFT sales focusing in the creation by owner. I meant there's no actual price for this as the buyer can easily offer the price for the content that created by the creator. Remember that if the art will not be easily dumped but im sure that if the price can be easily manipulated like pump and dump. That's different with the token that dumped so hard and it will be dead. In NFT as long as there will always be someone wanna buy it and it will not die. NFT is about selling the content instead of security token like what ico did. I thought that you understand this so well.
legendary
Activity: 1680
Merit: 1853
#SWGT CERTIK Audited
February 06, 2022, 07:39:47 AM
#17
There is no real comparison between ICOs and NFTs because most ICOs were fake or fraudulent projects whose real goal is to collect money only and do not have any actual application on the ground, while NFT or at least a large part of them have real uses already and some of them are technical or artistic creations To preserve important rare things, it can also be used in applications and games and can be used in the future to preserve property rights to many important things. The only drawback in my opinion is that NFT is overpriced and everyone can create NFT and sell it at unreasonable prices.
legendary
Activity: 3276
Merit: 2442
February 06, 2022, 06:17:19 AM
#16
You are not wrong. ICO's, DeFi, NFT's have generated lots of hype and the hype enabled lots of scams. I've been reading that there are people who buy their own NFT's for millions and then put it on the market. They are basically wash trading and now NFT's made it even easier to do than what it was. Eventually this NFT craze will also die off. I wonder what they will come up with next.
legendary
Activity: 1764
Merit: 2032
The Alliance Of Bitcointalk Translators - ENG>SPA
February 06, 2022, 06:08:02 AM
#15
I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018 (...)
What's your opinion about that?

I genuinely think that NFT pre-sales and ICOs are comparable to the dot-com bubble. There is a lot of sh** out there (literally anyone can mint as many NFTs as he or she wants) but a very little percentage will make their owners utterly rich. The question that everybody should ask himself is: am I sure about my ability to separate the wheat from the chaff?
hero member
Activity: 2324
Merit: 504
February 06, 2022, 05:53:51 AM
#14
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.
You're right about this. A big room is still available for the low cap token/coin. Even if the big cap can grow even higher but it will not so big like when it was a small cap coin.
I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018,
That's quite different with ICO. The thing that i don't like from NFT pre sale is NFT was not liquid like ICO. You need to find someone on opensea that interested in your NFT.


when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.
Yeah. That's why buying NFT is the same like betting in your luck. If you get good NFT and then you can sell easily but if you got bad NFT and then you may never able to get your money back.
What's your opinion about that?
Im feeling skeptical with this NFT pre sales
sr. member
Activity: 1008
Merit: 250
February 04, 2022, 07:47:30 PM
#13
sometimes I am surprised by the NFT market, first of all, they will ask a lot in good sales now, or it is impossible to have coins or fill out whitelists for good luck, but in general this market is full of investments, if you choose what to buy correctly, then you can multiply your investments.
Instead of having to be complicated and think a lot illogically, it's still better to choose an easier option through good coins that have been proven to benefit everyone such as ETH, BNB and Solana, so there's no need to look at the more complicated ones investment terms.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
February 04, 2022, 05:56:00 PM
#12
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

The only difference on NFT is it has a utility you can use their tokens on the game or or what the perks added on the arts if you buy it so I think NFT is much better compare to ICO where all of this category always promise to have use case but in the end majority of them turn scam.

Although there's still scams happened in NFT scene since its unavoidable that there are scammers using its trend so we must be careful to avoid it.
hero member
Activity: 2002
Merit: 578
February 04, 2022, 03:45:41 PM
#11
Did you know? NFTs is more chance to the risk comparing a coin/token?
Exactly, it's riskier than any ICO or other coin/token offerings. Even if you early joined the hype and then it's a success, it's not a guarantee that you can sell it afterwards unless you paper handed it to other individuals who want it cheaper. I like NFTs who offers utility over it and one more thing I like NFTs who really have a very active community.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
February 04, 2022, 03:44:05 PM
#10
sometimes I am surprised by the NFT market, first of all, they will ask a lot in good sales now, or it is impossible to have coins or fill out whitelists for good luck, but in general this market is full of investments, if you choose what to buy correctly, then you can multiply your investments.
legendary
Activity: 2450
Merit: 1225
February 04, 2022, 03:39:53 PM
#9
Did you know? NFTs is more chance to the risk comparing a coin/token?

Why, because NFTs order book is not really many and most of them have a big gap between the recent/listing price. So, If you buy on the top most like ly you will get a lost more than 70-90% in a single transaction. Also, sometime you can't instantly sell because some NFTs don't have orderbook listed and you need to listing them + wait until someone bought your NFTs.

That's why we don't like NFTs, If you want to exit you can't exit instanly.
legendary
Activity: 2940
Merit: 1083
February 04, 2022, 03:29:56 PM
#8
I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death

When it comes to hype, we can say it's the same as the ICO back in 2017/18. Same with Defi and so on...

Be it on NFT or any trendy thing that popped out in crypto, we can't avoid pump and dump schemes.

As long as there's money in any trend, expect any rug pull, dump, manipulated thing that can happen at all times.
full member
Activity: 757
Merit: 101
February 04, 2022, 02:34:11 PM
#7
indeed at this time it can be said that NFT is on the rise, but I personally prefer ico to be an investment, because in my opinion the way ICO works is more instant and convincing, compared to NFT, where NFT has a greater risk, NFT holders cannot directly send the NFT to the market because you have to register it first and wait for buyers to buy it, this is different from ICOs which can sell their tokens directly to the market without having to wait for buyers first.
hero member
Activity: 2562
Merit: 577
February 04, 2022, 11:36:41 AM
#6
NFT Presale is not similar with ico presale and the comparison does not match, how many nft presale have you participated on @op? because to my understanding most nft sale are carried out base on certain specification and most times only few people can be able to buy unlike ico that was open to anyone with cash at hand, don't consider most of these shitcoins nft created just to quickly grab money, legit nft sales are done base on auctions sometimes, the supply is usually small which makes them expensive, ico presale started nicely as a way to raise funds but scammers took over and it was a different story.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
February 04, 2022, 08:48:57 AM
#5
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

Are you sure you are comparing NFT presales to ICO? First of all there's no way an NFT holder can dump immediately his NFT to the market since you need to list it first and wait for buyers to buy it unlike on ICO which is selling coins that can immediately dump there tokens to the orderbook. There's a risk to not getting back your investment on NFT in case the project fails to attract potential buyer that will give value to the NFT.

NFT weakness is there valuation. It is highly dependent on other people speculation since there's no guarantee liquidity available to sell the items compared to coins.
legendary
Activity: 2884
Merit: 1137
Leading Crypto Sports Betting & Casino Platform
February 04, 2022, 08:20:01 AM
#4
There is no difference which is why many will dump so hard that they will not have any value again and people will be giving away their NFT for free. This was a bad timing for the NFT hype just as 2017 was a bad time for ICO because immediately after the bear market came and wiped out the market. Some of the project are still struggling upto this moment and same fate is awaiting NFT.

Looking at the NFT launching everyday, they lack authenticity and just copy and paste of previous successful project and that was exactly how the ICO Ara was been ran. There would be some surviving ones but how to spot those ones that is now the issue.

Difference is that NFT already is way bigger industry then icos ever were, and will continue to be so. But as it was same with icos, there will come ton of crap with it because people are blindly interested "being rich" aspect of it. And not everyone can be rich, because it's a zero sum game.

And obviously it will drop, like any other bubble with it. For example i see ton of privacy and regulatory problems with most of the plans in nfts, not to mention the money laundering aspect. But even after NFT bubble breaks, not all the projects die with it, just like ICOS were replaced by IEOS and IDOS, NFT offerings will be changed with different protocols and platforms as they evolve.
hero member
Activity: 1540
Merit: 564
Eloncoin.org - Mars, here we come!
February 04, 2022, 06:54:52 AM
#3
There is no difference which is why many will dump so hard that they will not have any value again and people will be giving away their NFT for free. This was a bad timing for the NFT hype just as 2017 was a bad time for ICO because immediately after the bear market came and wiped out the market. Some of the project are still struggling upto this moment and same fate is awaiting NFT.

Looking at the NFT launching everyday, they lack authenticity and just copy and paste of previous successful project and that was exactly how the ICO Ara was been ran. There would be some surviving ones but how to spot those ones that is now the issue.

Rather I would say NFT pre-sales is second version of ICOs as they have similarities like hype and greedy mindset of investors who just wait for the minute to dump the tokens, we shouldn't be falling for this trap like we did previously with ICOs it's going to be chaos again because users are so short sighted and end up dumping tokens just for their profits.

Copy pasting the content of successful projects and whitepaper plagiarism was common in ICO and the same applies to NFTs as well, we need better technology and services insted and same being copied and redesigned.
hero member
Activity: 1078
Merit: 570
Leading Crypto Sports Betting & Casino Platform.
February 04, 2022, 05:34:35 AM
#2
There is no difference which is why many will dump so hard that they will not have any value again and people will be giving away their NFT for free. This was a bad timing for the NFT hype just as 2017 was a bad time for ICO because immediately after the bear market came and wiped out the market. Some of the project are still struggling upto this moment and same fate is awaiting NFT.

Looking at the NFT launching everyday, they lack authenticity and just copy and paste of previous successful project and that was exactly how the ICO Ara was been ran. There would be some surviving ones but how to spot those ones that is now the issue.
member
Activity: 97
Merit: 10
February 04, 2022, 05:16:41 AM
#1
I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?
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