Topic: The Harsh Reality About The Current ICO Project - page 6. (Read 802 times)
I believe that the success of a project depends on the team and the developer, if they cannot develop their products further this will also affect their bad image, investors will also not want to invest in products that are not going well.
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.
I believe that projects that conduct their ICO or IEO need to be honest with their community and since all these projects position themselves as blockchain projects, to confirm their honesty, they need to create smart contracts so that these smart contracts block incoming funds from fees on ICO or IEO and could be unlocked according to the conditions. Example, if the product development requires 50% of the collected funds, then they are blocked by a smart contract until a part of the work is completed and after confirmation a certain amount of funds has been unlocked. In this way, the possibility of taking all the allocated funds for the creation and development of the product and spending them on your personal needs is excluded. The same mechanism can be applied to all conditions specified in the projects. In this case, I am sure that the projects will be more successful, and investors and participants will be more protected from fraud.
P.S. I have an interesting observation. Every time a new project starts crowdfunding, a general optimism and enthusiasm appears in a telegram chat. When the ICO/ STO/ IEO ends, a lot of problems and discontent arise in the telegram chat.
This is the predictable behavior of the majority, as many hope that they instantly get rich and don't take into account fluctuations and the general situation in the market. Although in the investment business always need to be prepared for any turns.
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First let me talk about the success rate. As of now, the average success rate of an ICO is around 5%. And that is not much lower than the success rate of an average Wall Street startup. Even in my country (India) we have hundreds of startups every month, and only a few (5% to 10%) becomes successful. But people don't shy away from investing in them. Because the more the risk you take, the greater are the chances of getting good returns.
This is far from always the case. Great investment risk does not guarantee great potential. These are not related parameters that are considered separately, but are used together to make an investment decision.First let me talk about the success rate. As of now, the average success rate of an ICO is around 5%. And that is not much lower than the success rate of an average Wall Street startup. Even in my country (India) we have hundreds of startups every month, and only a few (5% to 10%) becomes successful. But people don't shy away from investing in them. Because the more the risk you take, the greater are the chances of getting good returns.
About startups and ICO. This is a convenient environment for scammers. Till this is so, it is unlikely that the situation with low-quality projects will change for the better.
P.S. I have an interesting observation. Every time a new project starts crowdfunding, a general optimism and enthusiasm appears in a telegram chat. When the ICO/ STO/ IEO ends, a lot of problems and discontent arise in the telegram chat.
You are right that developers should care about products, not about fake promises. This is very easy to write something revolutionary in the whitepaper! Honestly, I am not investing in ICO projects anymore because of these. ICO projects are full of fake hopes, fake ideas without any proper vision. I feel most of the new ICO projects are cheating with investors. We all know about it but yet some investors are investing in ICO projects go give them another chance. I hope ICO markets will be turned out into as good as 2017!
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Cryptocurrency hypes are over so dont expect much, in the following years to come, Investing in any options like (stocks, cryptocurrency etc. has no guarantee to earn that's why do it at your own risk, and if you already know all of these it means that you accept those sad truth. or even the harsh reality that you mentioned. You need to check yourself if you are still willing to take the risk even you already experienced or understand the reality behind it. We don't have any argument with your assessment as the situations stated itself to most of us here, especially those investors who falls with developers sweet promises and didn't see any good outcomes.
Sorting things up, The chance to find good and real project is smaller than being scammed around this market. You need to plan everything and make sure to accept any risk that will happened along the way.
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.
I think that is why it is important that we should look deeply and carefully about the ICO project that we feel like investing. If I feel that the ICO gives too much promises, I right away doubt about its authenticity. one should be really be careful else end up being deceived and losing money.
Do not be too hopeful and believe in the promises of the project that will be successful with the Roadmap created. At present it is very difficult for the cryptocurrency project. Some are truly original projects but are not popular and there is a lack of investor interest. and then there are also fake projects that sell promises with big discounts which are then successful and not according to the roadmap, never listing in any market. now it's better to save your money for other businesses or use it for trading, it's better.
Actually there are a lot of project realities happening this year and even in 2018 one of the worst years of the ICO project and this still continues, so the conclusion that I will draw from your story is that you might be a prize hunter who has experienced the harsh reality of participating in the project. we are also the same as you have experienced the harsh reality about the project this year.
For ICO projects, investing in it is a huge risk. Think about it, for startups calling for capital normally, they also get the support of investors.
As for the ICO fundraising, they don't get anyone's help and that's also why they always die easily.
They have put a lot of effort but you know, with the harsh market, startups are really hard to live.
As for the ICO fundraising, they don't get anyone's help and that's also why they always die easily.
They have put a lot of effort but you know, with the harsh market, startups are really hard to live.
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.
Cryptocurrency hypes are over so dont expect much, in the following years to come, Investing in any options like (stocks, cryptocurrency etc. has no guarantee to earn thats why do it at your own risk, and if you already know all of these it means that you accept those sad truth. or even the harsh reality that you mentioned. 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.
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.
Cryptocurrency hypes are over so dont expect much, in the following years to come, Investing in any options like (stocks, cryptocurrency etc. has no guarantee to earn thats why do it at your own risk, and if you already know all of these it means that you accept those sad truth. or even the harsh reality that you mentioned. 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.
I also felt cheated but this is what actually happened in the crypto market that there is no guarantee about your profits, we also feel the same as you. Now everyone knows how the market plays a role, especially on the ICO project, so be aware before you participate in any 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.
Since we do not know how the price will be affected by the market situation, making promises is not right, especially in the current market situation. Stay away the project that promises you that. We can only predict the price of stable coins in advance. 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.
Developers may not be able to do everything in the roadmap and that is not a big problem. But, if the roadmap is completely forgotten, then what you say is correct. Time shows how to proceed in the roadmap and unfortunately we can not see it in advance. Therefore it is important to ensure that there is a team capable of achieving future plans.
We are all victims, we are all gullible.
Projects were very much attracting at first like they can achieve what they promise in the roadmap but it failed us. We only knew that it failed us not just because of the token price. Some ICO team are sincere to be fair but some of them just empty, they don't even have connections to big names in crypto. Worse thing is that we failed to see it from the beginning and supported them with their bounty campaigns.
not only you, but the majority of forum users also have something in common about your complaint above, including me one of the victims of project fraud. I would only say that 80% of the current ICO project is bullshit.
As always, there are two sides to this argument.
Please don't misunderstand me. I am someone who always advice others to stay away from the ICOs. I have never ever invested in any of the ICOs and till now I haven't taken part in any of the bounty campaigns to promote them. That said, I have studied in detail about the IEO/ICO market and the bounty campaigns which are taken out to advertise them.
First let me talk about the success rate. As of now, the average success rate of an ICO is around 5%. And that is not much lower than the success rate of an average Wall Street startup. Even in my country (India) we have hundreds of startups every month, and only a few (5% to 10%) becomes successful. But people don't shy away from investing in them. Because the more the risk you take, the greater are the chances of getting good returns.
Please don't misunderstand me. I am someone who always advice others to stay away from the ICOs. I have never ever invested in any of the ICOs and till now I haven't taken part in any of the bounty campaigns to promote them. That said, I have studied in detail about the IEO/ICO market and the bounty campaigns which are taken out to advertise them.
First let me talk about the success rate. As of now, the average success rate of an ICO is around 5%. And that is not much lower than the success rate of an average Wall Street startup. Even in my country (India) we have hundreds of startups every month, and only a few (5% to 10%) becomes successful. But people don't shy away from investing in them. Because the more the risk you take, the greater are the chances of getting good returns.
Quote
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 ...
Unfortunately, you found this out later it has been the case after the glory days of 2017Quote
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
People are already aware of this after thousands of reported scamming reported in the scam section, not to mention those that are not reportedQuote
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...
On some project, there's really no platform to speak of if it has one it has no usage to the communityQuote
I hope I'm not mistaken about this.
Unfortunately for us, you are right 
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.
Say something new. We all know about the stuffs you are talking about. What took you so long to understand this? All those sweet talks by the developers are nothing but just a eye candy for naive investors (i don't know how did you get the black money thing) to invest their money. Unfortunately many people fall for these sweet talks and gets trapped once they invest what they have.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.
Right now, there are like only less than few promising projects. Rest are just total bullshit.
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 sound like a bounty hunter, promoting bounty projects won't cost you anything than time and energy, its free work and safer since you aren't investing a dime, i normally just randomly promote bounties this days and i don't expect payments from them, yes i have enough time for that because its painful when you keep hoping for payments when its never coming 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.
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