Topic: POLL! WHAT FACTOR DO YOU USE TO DETERMINE A WORTHY ICO TO PURCHASE? DATA COLLECT (Read 195 times)

Hello,

We have 12 votes. I know that's not a lot, but we are collecting data and we'll take what is given. We're looking for input from our community, but because we are relatively new on the market the responds have not been as much as we would like. But we are here to answer any questions you may have and to collect as much data as possible to build and improve ourselves. Your honest input will be tremendously appreciated.

Seems that all the replies are fake here, nobody actually picked any of the poll selections.

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Yes nowadays it is very hard to find a good ICO project to invest in, that's why we are going to rely on our voting system and the opinion from our community to help us determine which ICO may be a good purchase. Through collective knowledge we believe it will helps us make a better investment choice.

Indeed. Finding a legit and good ICO nowadays is like finding a needle in bunch of haystacks. Many people have lost money in ICO’s that were either scam or didn’t succeed in what they had promised. So, nowadays people are being more careful and are doing research before investing. Governments all over the countries are also trying to set up regulation for launching of ICO’s.

Indeed. Successful campaigns are necessary before the launching of an ICO to help promote the token and gain attention from community. Promotion is as important as its important for a token to have some utility. Even if a project has great team, high utility and clear vision, it’s of no use if not promoted properly and people don’t come to know about it. From the perspective of development and raising fund for the projects it’s highly necessary to arrange successful campaigns and stay in touch with the community.

Not all projects in the crypto market hold utility and have definite purpose I can agree on that, still there are many good ICO’s that are launching which are trying to connect the outside world problems with blockchain technology and trying to provide solution for them.

Recently an ICO called ONT was launched on the platform of NEO and as far as I have done research, ONT has some real utility in the market of connecting the outside world information to blockchain in order to maintain records and provide security against them. It’s better to invest in projects with utility, cause only in them you will see development in future.

Yes we agreed 100% with you regarding the current state of the ICO market, with most if not all the anonymous investment platforms ran off with your investment money. However we disagree that team profile should be place on the top of the priority list when it comes to deciding on ICO purchase, as there has been more than a few cases of ICO fraud with clear and presentable team profile. (REcoin, PlexCorps, Arisebank...)

Bitcoin's success has absolutely nothing to do with its team profile, but rather the support of the community due to its decentralized nature and the ideology it brings on the table. As we can clearly see the result from our poll, collected from Bitcointalk community itself above, we can atleast come to this conclusion:

*If an ICO does not have a minimum viable product that can produce actual productivity to sustain the platform, then atleast its concept has to reasonably explain how it going to generate productivity and earn enough revenue to pay investors.

*If any ICO is banking on a "trading bot" or "market analysist signals" or "magical unicorn which poops out rainbows that moon 3x in value within first month, then 10x within second month and save the world at the end of the year" then we should take those as flags and consider the risk over reward.

*A coin utility is greatly depended on its community, there can only be so much initial uses the developing team can squeeze in it. As long as more people agree that it is useful, more utility will be added to the coin itself by its community.

I don’t usually invest in ICO’s as its hard to find a good one nowadays between all the scams are frauds that are happening in the crypto market. Although, if I were to invest in any ICO, the key features I will look for will be :
1.   Team profile.
2.   High utility.
3.   Clear concept.
It’s better to check these points before pouring money into an ICO, to avoid investing your money into fake or scam ICO’s.

According to a recent study by FireToken's scientific polling system, data suggested that 4% of bitcointalk users will buy and hodl anything for lambo, bro  

Yes, we are considering sending a few reputable influencers a personalized message requesting a review for our platform. We also will produce a video with the hope that visual explanation will better capture people's attention.

I love to listen and read on web for reviews from all these great people like Michael Suppo and IAN Balina.They always give good reviews on new ICOs

Thank you very much! Like wise with your ICO.

I open your site and look at the concept that you will stretch and this is very clear, Continue to promote this project so that many investors know and read your concept. Good luck sir.

We would like to think that our concept is clear and understandable, but reflecting on the responses we received we are starting to think otherwise. That is the reason why we would like to engage with our audience, to better explain our platform, our concept, and to answer any questions and concerns that the community might have.


Hopefully it is easier to ask a question directly to us rather than to go over lines and lines of words from our posts.

We can say with confident that we believe in blockchain technology and cryptocurrency. We see the potential a distributed ledgers system can offer to global business operation. The possibilities are endless when it comes to globalization, where community can vote and act without oppression from politicians whos agenda may not be to the best of the people's interest.

We believe in a positive sum world, where everybody can benefit from the innovations, driven by the mass demands and needs. A system where fund can be allocated to the right people, with the vote of the community, in the interest of the community.

Like previously stated, we understand that the use of cryptocurrency in commercial applications will be heavily depended on the scalability of the transaction speed. We would like to provide our service to the community, distribute profit among our members, drive positive demand and volume for cryptocurrency and keep the interest going until one of the better teams figure out how to scale the transaction speed to less than 3 seconds. Currently we are watching a few projects, most notably LOOM, simply because our tokens are ERC20 based.

Do not have to be convoluted to choose ICO if the concept is clear investors from anywhere will stop by to ask about the project that will take place. If the concept is clear of course those who have a lot of money want to invest. Just an opinion.

I always try to look for the whole point behind a project, e.g. what they're trying to achieve, the inspiration behind it, etc. And then the dev. team to see if they're just as insipred and can pull it off

Also to be noted, to stay true to the decentralized nature of cryptocurrency, our staking reward is embedded into our downloadable wallet. We encourage members to move their fund away from our site as soon as the tokens are distributed at the end of our ICO, you may hold our tokens in any ERC20 wallets, or stake them using our QT wallet and earn staking reward.

The QT wallet will not have any limitation in terms of fund deposit and withdrawal. They are your fund and should always stay liquid so you can participate in the fast pace of cryptocurrency trading.

We will list our tokens on multiple external exchanges, so our members will have many outlets to trade our tokens. We encourage trading of our tokens and take profit as the price rise and fall to increase trade volume, limit wild swings and provide sustainability to FireToken community.