Topic: Prove that you shouldn't rely on icobench and others - page 3. (Read 860 times)
THis year exposed most of the atrocities from the ICO rating sites. SEC had been going after some of them that even have personnel in the USA. There are revelation of how they collect fund and have allocation of token from projects. Also, their so called rating professionals are influenced financially and even provide some advice on deceptive strategies to sway investors. They neglect good projects even with proves of authenticity and credibility and flood their website with so many scam project with bloated ratings. Some will delete scam project on early notice and try to dissociate from them whereas they were instrumental to the advertisement
Yes I agree with you I see a successful project but the rating is low from other projects that do not even list in the market.
I think that's because they don't pay as much as the high-rating project.
So I started to be suspicious of Icobench, does this apply to all ICO site reviews? Or are there still true real, impartial on high payouts and very transparent?
I think that's because they don't pay as much as the high-rating project.
So I started to be suspicious of Icobench, does this apply to all ICO site reviews? Or are there still true real, impartial on high payouts and very transparent?
Ratings can't be trusted even though it was having good ranking. I am looking forward to a clear transparency, who gives definite and honest ratings and I don't see any promt and trusted sites who monitored the progress of each projects. Wave back two years ago, I experienced one project which I participated and they're showing progress of their ICO behind it's ongoing sale.
It is all about to take a money from the team and give their project a higher score on ICO benchmark sites. I don't pay attention to the ICO benchmark sites and the obvious reasons destroy both the reputation of project and project. Before making an investment, taking into consideration the market conditions, the reliability, trustworthy of the project is important.
such a ranking is no guarantee that the project will be successful and I also see that ranking is not trusted because they can now pay to get the highest rating and therefore everyone must do their own research in determining project, because dependency will not make you develop for the better
Gladly, this ico bench don't make headlines for me anymore in terms of investment research choices since I found out that they failed a good team because the team refused to part with some money which they consider too high for rating. I am a sure it's same for all rating sites including ICOdrops, your money buys the ratings
UPDATE: i just learnt that projects on ICOBENCH with good ratings from advisors are easily tampered by ICOBENCH team, for example, if a project get good rating from ico advisors but failed to pay the icobench team they will remove all the good ratings of the ico advisors and leave the bad rating only, i think we should stay away from icobench, they are disgusting
Can you give the results of what you say? to reinforce that there is a game behind the scenes. this is a big problem and needs to be investigated further, if the site is right like that many people will be deceived and I think this is like a trade monopoly. You're right GoWithMi project is making developmental progress despite having low hype. Icobench doesn't really rate depending on how much money paid. There are various criteria to be met such as kyc if members of team and others but in all I don't trust any online opinion I see I make up my mind for my own investment choices.
Yeah, it just goes to show that not all project that are hyped unnecessarily can get the job done, I could say that only few people actually know about GowithMi when they host their bounty here, I think people can put this into consideration when making a decision on which project to support and invest on, we should do more research than just viewing ico rating sites.
You're right GoWithMi project is making developmental progress despite having low hype. Icobench doesn't really rate depending on how much money paid. There are various criteria to be met such as kyc if members of team and others but in all I don't trust any online opinion I see I make up my mind for my own investment choices.
Funnily enough, reviewers in ICObench are repeatedly caught soliciting their positive reviews for ICOs and icobench does nothing. AFAIK a positive review from some of the top ones would start from 50$, going upwards to god knows what with perks added like becoming a project advisor. Some were speculating that ICObench had created these personas of reviewers to skim some cash from foolish project managers.
Sure, everything is paid on rating website, even when you are searching for projects there is always a banner with a discount for listing on ICOBench. 2 BTC and your project will get an insane rating but will fail to develop or even to collect enough funds.
It is really sad to know these circumstances because new comers have nowhere to go or to rely on where they could put their trust on what projects are no scam. Crowd sourcing sometimes isn't good as it loaded by personal opinions contradicting into each other that results into indefinite claims. Searching out in the internet particularly in icobench are a paid up platforms that as well lead to scamming. That these thing lead to higher chance of new comers getting scammed.
all this time I thought that the score on the web like icobench or others is a score that illustrates how reliable a project is. but all of that turned out to be based only on money. since the beginning of 2019, I have stopped believing in such scores and started doing my own research on the project concerned. I advise people not to depend on that score, and do their own research.
this website is a good way of monitoring ICO way back 2017 and there are so many successful project you can see there before. The problem start in 2018 when the rating they give to a project is base on the money given to them not base on legitimacy of the project . 
I have never for once in my life really relied on ICObench because I have ever knows that there is no way they can offer free service of rating some project based on merit without getting anything in return for it. There are lots of project that I have seen them promote or rated high that I am sure lacks the merit that is needed to rank the project as top.
At the same time, because of probably the registration fee they have paid for having access to them, they will rank them and make them look like they are the best projects in the market and checking the history of most of the project that has been released through them, we will see that most of those projects are among the project that has dump so hard and I don’t think that they ever have any future with them again.
At the same time, because of probably the registration fee they have paid for having access to them, they will rank them and make them look like they are the best projects in the market and checking the history of most of the project that has been released through them, we will see that most of those projects are among the project that has dump so hard and I don’t think that they ever have any future with them again.
UPDATE: i just learnt that projects on ICOBENCH with good ratings from advisors are easily tampered by ICOBENCH team, for example, if a project get good rating from ico advisors but failed to pay the icobench team they will remove all the good ratings of the ico advisors and leave the bad rating only, i think we should stay away from icobench, they are disgusting
all this time I thought that the score on the web like icobench or others is a score that illustrates how reliable a project is. but all of that turned out to be based only on money. since the beginning of 2019, I have stopped believing in such scores and started doing my own research on the project concerned. I advise people not to depend on that score, and do their own research.
this website is a good way of monitoring ICO way back 2017 and there are so many successful project you can see there before. The problem start in 2018 when the rating they give to a project is base on the money given to them not base on legitimacy of the project . 
I would not have much to give credence to the rating sites after many reminded. and this thread is a reminder for me that I should really do my own research, and don't be afraid to try because experience will increase if you keep trying to do your own research
Agree, indeed we should not rely on ratings based on ratings on the website. If we do our own research, we will be able to better understand the projects being carried out and also the team behind them. There is a certain satisfaction when the project that we analyze is able to make a profit
I would not have much to give credence to the rating sites after many reminded. and this thread is a reminder for me that I should really do my own research, and don't be afraid to try because experience will increase if you keep trying to do your own research
Don't completely believe those websites because previously I worked on the bounties listed there in ICObench, most of them are getting into the scam without any developments after raising the funds. I don't know why they are giving a good rating and suddenly the companies are disappearing without any development activity.
IcoBench websites like that cannot guarantee ICO scams or not because websites only provide ratings and dare to make ICO lists if they pay a bitcoin to be listed on IcoBench meaning they bribe them and there is no pure, better you should be able to be careful when participating in an ICO.
Yes I agree with you I see a successful project but the rating is low from other projects that do not even list in the market.
I think that's because they don't pay as much as the high-rating project.
So I started to be suspicious of Icobench, does this apply to all ICO site reviews? Or are there still true real, impartial on high payouts and very transparent?
I think that's because they don't pay as much as the high-rating project.
So I started to be suspicious of Icobench, does this apply to all ICO site reviews? Or are there still true real, impartial on high payouts and very transparent?
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