Topic: The Harsh Reality About The Current ICO Project - page 4. (Read 778 times)
Well, I don't call the current situation of ICOs as harsh because there is time and season for everything and in crypto, as the adoption and technology grows, new ways of doing things come up. As these new ways with more convenient features pop up, the old methods of doing things are pushed aside and that is why ICOs have been taken over by IEOs.
It depends on a project to harvest them well. Most projects that arise from their ICO only seek funding for listings in a market and do not run the roadmap should.
Even projects such as Energy without using ICO, the price of the coin is arguably fantastic. Maybe yes all it depends on the project developer how to take care of their project properly.
Even projects such as Energy without using ICO, the price of the coin is arguably fantastic. Maybe yes all it depends on the project developer how to take care of their project properly.
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 ...
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 ...
These usually happens mate. Fraudulent projects surely a promising project they promise this and that just to cover up their bad ambitions in the end. You've been cheated already at first sight but the thing is if you bite their bait then I guess fault is in your end. Besides many projects are just scaling but it ain't already sure that such thing will happen along the way, it would depend if they meet their certain tasks or goals towards achieving major goal.
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.
Unfortunately, you are not mistaken and you are right, these projects will never go the extra mile to make their project works, one example of this is IRONX, they do set up the exchange, they get the license from the country where they operate, they pegged the price of their token to their ICO price, and after that, they done nothing anymore, so they will soon to be forgotten, some ICO's are like.
If tokens tend to grow, then the project works and develops.
Yeah but that never tends to happen, does it?Op, you are correct that the reality of ICOs is harsh as hell. I don't think this thread has anything to do with not getting some tokens from a bounty, but the honesty of project devs and the overall quality of the projects. I have yet to see one of these things make an impact...on anything. The only thing I see are white papers and ANN threads that make a lot of bold claims and promises, and then everything falls flat once the devs get their investor money. Rinse and repeat.
Most developers today are less able to keep their promises during the ICO or when the ICO is finished.
'Less able' doesn't even begin to describe the situation. These fools shouldn't be making those promises in the first place, because they know they're untenable. It boggles my mind why people keep falling for these tricks.Personally, I have shied away from it or don't even want to look at it anymore, I mean ICO. Twice joined ICO in early 2018 and there were no pleasant results. Yes, even though before in 2017, I got a lot of benefits from ICO. But from here I realized that putting money in a project that was only just an idea was very detrimental, even the developer's words could not be trusted.
If youre an investor then this is really a harsh result for you, dont believe too much on ICO projects when regards to project development. Only rare projects can follow their roadmap clearly. It's just a guide anyway. Also bounty hunters are the one always complaining regarding this matter as if they invested some money. People should always think ahead before putting up some money especially no regulations are set for this kind of investment.
It would be great if people stopped supporting scams and terrible projects. It is not that hard to figure it out. Only support a project you know is legit. When in doubt do not invest. When they have a working model of their idea or at least a part of it that is working and you can see it work or experience it yourself(whatever it is) then you should start considering investing. If a project has nothing to show then do not invest, it is that simple.
You need to over and beyond the average. Social media presence, website and bounty all of which is copy-paste. Every single bounty is copy-pasted that is how lazy these people are. They all do the exact same thing with little to no innovation. Yet people still buy into it.
Would you buy a car that wouldn't start if the owner told you he had plans to make it start and be much faster and have nice leather seats? Meanwhile, right now it has no seats at all. Would you take the sellers word and buy the car anyway? Same with crypto. In fact, be even more careful.
You need to over and beyond the average. Social media presence, website and bounty all of which is copy-paste. Every single bounty is copy-pasted that is how lazy these people are. They all do the exact same thing with little to no innovation. Yet people still buy into it.
Would you buy a car that wouldn't start if the owner told you he had plans to make it start and be much faster and have nice leather seats? Meanwhile, right now it has no seats at all. Would you take the sellers word and buy the car anyway? Same with crypto. In fact, be even more careful.
This is the harsh reality not just about your current ICO project but also to the big majority of the whole ICO market. Sweet promises are made for them to attract investors and make money. Road maps are full of them. Their whitepaper is also full of them. In fact, their developers can easily release mouthful of sweet promises if a potential investor is asking something about the future of their project. In end, it is either they will be forced to keep quiet, change the road map, or get out totally from the market.
This is so true, if one is going by the many promises on the whitepaper, looking at the milestones on the roadmap, you will be expecting massive profit from investing, but nowadays if you are not careful, the reverse is always the case. The bottom line is, after doing proper due diligence, your risk management should guide you in investing in any project. We shouldn't just focus on hype or roadmap, if not we end up regretting. Well, some few projects have accomplished most promises on their roadmap, hence there is hope.
Personally, I have met with such projects where they promised decent rewards, and as a result the project turned out to be empty, like a soap bubble. In the project, all documents are painted white with promising investments from investors. This is a project product that will become very popular in the market. And, in the end, in fact, all this is not serious. So in the future you need to learn how not to encounter such projects.
The current ico model is turned to new IEO model with all the new features and new additions in security and new developments we can buy ieo coins
But the it's just change the method, not the quality of the project itself.
Many IEO are failing because many exchanges are helding many of IEOs every month, so people are just selling the previous IEO tokens for joining the next IEO without research wwhat project they want to join
If that's their mindset, it could cause the crypto price to crash immediately after the project ends it's journey with IEO. This is so sad to see since many people have been expecting more good results to initiate more positive outcome. However when crypto market will again bounce to great price in history.
I don't believe in all these promises for a long time. We have been promised many things, but almost no one fulfills these promises. Therefore, I am usually alarmed if the project promises a lot.
This is the harsh reality not just about your current ICO project but also to the big majority of the whole ICO market. Sweet promises are made for them to attract investors and make money. Road maps are full of them. Their whitepaper is also full of them. In fact, their developers can easily release mouthful of sweet promises if a potential investor is asking something about the future of their project. In end, it is either they will be forced to keep quiet, change the road map, or get out totally from the market.
Well I gues that the team sweet promises and amazing Roadmap are the tools to market the project and attract everyone to buy their tokens even though the team are not capable of delivering it which led for investors or supporters to suffer in the end. It sucks but that is the reality in crypto-space!
I agree with you, because it is a bitter reality, the form of project manipulation that may not be stopped even will continue. the key is we ourselves before joining the project do not rush, take the time to check it and do not expect too much if you will get a good return from each month.
The current ico model is turned to new IEO model with all the new features and new additions in security and new developments we can buy ieo coins
But the it's just change the method, not the quality of the project itself.
Many IEO are failing because many exchanges are helding many of IEOs every month, so people are just selling the previous IEO tokens for joining the next IEO without research wwhat project they want to join
This is the harsh reality not just about your current ICO project but also to the big majority of the whole ICO market. Sweet promises are made for them to attract investors and make money. Road maps are full of them. Their whitepaper is also full of them. In fact, their developers can easily release mouthful of sweet promises if a potential investor is asking something about the future of their project. In end, it is either they will be forced to keep quiet, change the road map, or get out totally from the market.
Well I gues that the team sweet promises and amazing Roadmap are the tools to market the project and attract everyone to buy their tokens even though the team are not capable of delivering it which led for investors or supporters to suffer in the end. It sucks but that is the reality in crypto-space!
This is the harsh reality not just about your current ICO project but also to the big majority of the whole ICO market. Sweet promises are made for them to attract investors and make money. Road maps are full of them. Their whitepaper is also full of them. In fact, their developers can easily release mouthful of sweet promises if a potential investor is asking something about the future of their project. In end, it is either they will be forced to keep quiet, change the road map, or get out totally from the market.
Always happening on all ICO projects. their all words are just flowering to accumulate investments and those investment will work to victim other investor. so we should be observant and vigilant. we bounty hunters are do the same thing too to not bring investors to a risky life. we are knowledgable to do a thing that help them to gain not to lost. we are also responsible to this.
This is the harsh reality not just about your current ICO project but also to the big majority of the whole ICO market. Sweet promises are made for them to attract investors and make money. Road maps are full of them. Their whitepaper is also full of them. In fact, their developers can easily release mouthful of sweet promises if a potential investor is asking something about the future of their project. In end, it is either they will be forced to keep quiet, change the road map, or get out totally from the market.
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.
Project development is completely out of the hand from an investor so all they have to do is pick the right team for the project or they may end up with losing.No one with the intention of money making will never hear it which also affects the legit projects if there is any.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.
but if investors are wise, then they will not only look for experienced teams, but all sectors regarding the investment made must be known by him. but I rather think that the current market factor affects the developers because when viewed for some projects some are pretty good but when the market goes down they can't survive
yes I agree with your point that wise investors or large investors will never research briefly or only rely on experienced teams. I think there are still many factors that they must consider before investing in any project, it's just that the number of cases of fraud makes some investors begin to be reluctant to invest at this time. maybe another time or at least until they really find a good place to invest.
The current ico model is turned to new IEO model with all the new features and new additions in security and new developments we can buy ieo coins
We can easily find if the ICOs are scam if they are offering high returns in just a short time, It is a fact that we should not believe to what they are saying because it just a waste of time. There are many investors who got scammed because they believe to what they heard and saw.
Any investment takes time, even investing in BTC those who mined long ago really earned a lot when ATH reach, It should be automatic to think that when a project offers high ROI , the possibility is really it's a scam unless they already get many big investors which is quite impossible since why did they do ICO by the way. We will somehow learn from it until we realize it's better to invest money and effort in existing companies and project even low returns that be cheated without any return.
Probably, you have to know what the function of whitepaper. Most the developer project will pay a lot of attention to whitepaper because it can be said as a banchmark for them to gain interest from all investor. So, it can be they make whitepapers by making it up and it can be confirmed that the project will end up in scam or the token/coin price just going down until doesn't have a value.
And recently, this situation has be done by almost all project from my own perspective. As you may know, you can count how many project who end up in delisted from some exchange and scam as well, I guess it is very much. So, there is no way to trust easily to some project, you have to spend a lot of effort to gain profit on this place. Or simply, you take a safe way for investing such as to choose an altcoin which has listed on the exchange or some altcoin which on the top position in the market.
And recently, this situation has be done by almost all project from my own perspective. As you may know, you can count how many project who end up in delisted from some exchange and scam as well, I guess it is very much. So, there is no way to trust easily to some project, you have to spend a lot of effort to gain profit on this place. Or simply, you take a safe way for investing such as to choose an altcoin which has listed on the exchange or some altcoin which on the top position in the market.
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