Everything could change in just a matter of second, change is the only thing in this world that is true, and I know how it feels to be promised on but didn't fulfill their promises, just like what the majority said, you are not alone, there is a tons of people who have experienced the same thing that happened to you but guess what, it is the part of our journey as a cryptocurrency user, as a bounty hunter.
This is our victory, because by gaining such horrible experience, it makes us more stronger and more smart than before.
Topic: The Harsh Reality About The Current ICO Project (Read 802 times)
ICOs are currently very precarious. They must develop the product more strongly, not just use their words. Please regain the trust of everyone.
if there is nothing for these developers to go on, the projects that were undeveloped will soon die since there is no contract for these devs, they can just quit any time they want and pass on the project to someone else for the blame. this is what erc projects had done for the crypto market. there is nothing to lose for them. the only way for them to come back again is when bullrun suddenly come. the projects doing ICO in the last 2 years were not even listed to exchanges and what they are waiting is also the bullrun.
ICOs are currently very precarious. They must develop the product more strongly, not just use their words. Please regain the trust of everyone.
ICO projects are currently very harsh, some people still consider this excess is fraud and bad luck. including the tokens that eventually increased, but still could not contain the fear of everyone about this project. Everything is currently meaningless
Well the demand is getting less and less they have all turned their attention into a more legitimate means of crowdfunding which is IEO and not an IEO from a measly exchange but the popular ones atleast in IEO you have the security of not being scammed. Current ICO project could be really good if they succeed and could deliver what is expected by the community or can turn really bad by becoming an exit scam. It's not meaningless though, people just need to think twice or thrice before even investing without analyzation because that's simply asking for trouble atleast people are more cautious nowaday.
ICO projects are currently very harsh, some people still consider this excess is fraud and bad luck. including the tokens that eventually increased, but still could not contain the fear of everyone about this project. Everything is currently meaningless
I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
Lol, there is no need to complain. You should know already that this is the tactic that is being used by every business. I don't think anyone will start a business with the intention to fail unless they are scammers. Anyone who starts a business will always want to succeed and make grow above their competitors, that's how it is. So every project will always give promise to investors that they are going to do better than others, this is the way to get their interest and make them invest.in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
Imagine them saying that they are not sure if their project is going to be successful, lol, no investor will be ready to invest in a business where the team are unserious individuals without plans to grow. Sorry if the projects you participated in didn't work out, you should continue looking for other projects, that's how it is.
offering large prizes to early investors is a common strategy undertaken by most new projects, therefore to attract market investment. my advice before investing in any project is reconsider and don't use all of your money just to invest in the project.
These large prizes are what I really see as the killer of majority of these projects because that is what gives them the power to actually manipulate the market as they like and the thing with their investment is that virtually all investors have the same mentality and mind set about the project, none of them wants to stay for long with the project again, so the moment that the project sees a little increase after they have entered an exchange, they pull their investment out immediately which is because of their lack of trust for the project and the project future. If projects really want to stop all these dumping instantly, they need to learn to actually control the amount of coin that is being allocated to these investors in the name of giving them huge rewards just to invest in the market.
I think it is really hard to develop some ICO projects as of now as we all know the condition of the market itself, it is not so healthy like before let us say way back 2017, almost all ICOs that are being developed are gone successful because there are actually lots of investors that time, I consider that time as golden era with regard to bitcoin because we are all earning at high amount and it is really good. So maybe if we should wait for the right time that the market recovers and every token's prices also rises up in terms of price maybe there is a big possibility that the upcoming ICO's will be healthier again. We should have patience for that to happen and do not panic sell because it can make the market gets worst.
If you feel cheated by the project that you are taking part in, that is normal. I also often experience it like that. I was once an investor in ICO which I think and my friends are good at. But in reality they only cheat and carry investors' money and are not responsible. their website is also dead and cannot be accessed. There are also those who make the project until the completion of softcap is reached but never listed on the exchange. The token becomes trash and has no price. As an investor or bounty hunter you must be smarter than a scammer. Need to study the project you want to follow so as not to be fooled again.
It is very easy hard to really know a scam project and even those that are very smart are still falling for scam. If you even see binance, you will know that the guy behind the project is a very intelligent guy with all the concept he has been coming up with which absolutely means that all the people he will attract to be working with him as a team are actually people that will also be very smart, but the issue here is that those scammers and hacker are very smart also, and you can see how they won binance by hacking them. It is because it is getting difficult to identify a scam project that is no making many people to abstain totally from ICO projects thereby even affecting lots of genuine projects also, and they only purchase project that has already been established.
You can see that most new projects offer large bonuses and even promise that the price of tokens will go up high, but you need to know that it is one of their market strategies to attract market investment. You have to be more selective before investing or investing your money in an ico project, the world of cryptoqurrency is full of risks, so my advice is always on the lookout before investing in a new ico project.
I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
which ICO is this about? basically you are a bounty participant and also an early investor, to which an ICO counts
completely delivered. if a team does not deliver or everything turns out to be a scam, you don't have much in your hand.
there is only eyes to and through there are no legal possibilities. at least not yet. i think that will change sometime
but loopholes there will always be and of course that will always be exploited.
Nowadays you judge only from a roadmap alone is not enough. A good project should be investigated from the start of a real team, an office that exists in their country and really it's a real project.
Then we read the whitepaper, the roadmap and the such. That's why the ICO project is now dead nobody is interested because all is nonsense. Funds for the exchange listings and then the project is not taken care of.
Investors choose to invest in the existing currency and the project runs to minimize the big losses.
Then we read the whitepaper, the roadmap and the such. That's why the ICO project is now dead nobody is interested because all is nonsense. Funds for the exchange listings and then the project is not taken care of.
Investors choose to invest in the existing currency and the project runs to minimize the big losses.
If you feel cheated by the project that you are taking part in, that is normal. I also often experience it like that. I was once an investor in ICO which I think and my friends are good at. But in reality they only cheat and carry investors' money and are not responsible. their website is also dead and cannot be accessed. There are also those who make the project until the completion of softcap is reached but never listed on the exchange. The token becomes trash and has no price. As an investor or bounty hunter you must be smarter than a scammer. Need to study the project you want to follow so as not to be fooled again.
I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
You are not mistaken, it is true that in reality projects that are currently running only take advantage of ignorance or ignorance of investors who help them provide funds and are only given promises. but there must be a special reason for them to do such a scam. besides they really want to cheat, there must be one obstacle that impedes their process. such as market conditions that do not improve and exchange rates continue to fall, and they are still waiting for the market to rise in order to get a high exchange rate. in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
Unfortunately, teams love to promise a lot of things, but not everyone is ready to do something for the development of the project. This is a common situation, so don't dwell on it. Don't pay any attention to it.
I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
One of the issue I noticed to them is that they in the start promises for many bigger dreams to the users but they do not try to spend on marketing or they do not know about their marketing targets which make their projects as a lost project in the crowd and because of that they do not collect enough funds and so they further find it hard to fulfill their promises. in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
Investing in an ICO is a very risky gamble because it could turn out great and make you a a lot of money or it could turn out bad and you lose all your funds, even ICOs with a fully developed product are not to be trusted with funds because some of them would gladly abscond with the contributed funds and leave the project to slowly die while pretending to be active by paying community managers to manage their groups, there was an ICO model proposed by Vitalik and if it had been used by ICOs, this wouldn't be an issue now.
ICOs are not a safe option anymore. Now the market is not giving good ICO projects to bounty hunters. Like you are saying, they are more like a gambling game. With a lot of scams around, it is possible to lose money easily by investing at some wrong place. Many times, the project indeed is left for slow death and in this case, it also becomes difficult to blame the project. IEOs have more potential than ICOs nowadays. I'm sure you're not alone because over the years, there have been disillusioned people with the way things work with supposedly promising, wonderful, and beautiful projects that truly deserve their support. success. This is a common current scenario. You should learn from this that there are better options
Right, I totally agree with your argument, because at this time we all have to really analyze the project if you want to follow it, because there are already many projects that make sweet promises but end in vain, this is what we can make as an experience in following a project. 
I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
It's not just you who feels cheated by an ICO project. Friends in this forum who invested in ICO also felt cheated, including me. Many early coin offers turned out to be cryptocurrency frauds, with organizers involved in cunning plots, even renting fake offices and creating marketing materials that looked luxurious. Many of the ICO projects don't have original ideas. More than 15% of them have copied ideas from other cryptocurrencies, or even plagiarized supporting documentation. in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.
Id people still invest in projects without MVP, I think they are missing the whole idea. No MVP can easily lead to scam, because the developer might not feel he has committed himself to deliver a set target. A product before fundraising is usually a way of showing how serious you are.
You do have a point but I have seen some scam projects that show they have MVP during the token sale so for me, it is not enough to tell if the project is legit or not. the price of the token will depend on its demand that is why the project owners should not only focus on developing the platform but also on how they will increase its users to have demand for their coin.
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