what problems exist in ICO - page 7.

Bezobraznike

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Quote from: Jehoram Blauch on September 08, 2018, 11:36:31 AM

One of the biggest problems that the ICOs are plagued with right now is that the owners are often making selfish decisions and thinking of their own profit only in the long run. Having a proven product or prototype before starting the ICO would have easily solved the problems but ICOs are now more focused on reaching their soft/hard cap first more than anything.

That's one problem directly connected with team leaders behind the ICO.
New projects have problems in beginning, they aim to become reputable
businesses one day, and road to that isn't easy. Great team with a great idea
needs to make sure product to be great too, for marketing cause like that
project will come to customers and supporters. Many things can go wrong,
competition is one of them.
I think this list of possible problems can be very long. Problems exists to be
solved, good team can handle everything. When you invest in ICO watch the team
behind, good team deals with problems and makes progress.

Mohammad Azoulay

brand new

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So, yes there are some problems that exist in an ICO. Very thanks to you that you have written all these issues. People will get help from this hopefully.

maga-king

newbie

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Now the big problem is that they want to collect a lot of investments, more than what the product is worth.
People are not ready to take risks and invest big money

RobotNIK

jr. member

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In principle, everything is true, the biggest trouble is precisely that many investors do not see the final product!

elemosho.crypto

newbie

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It’s really a great post, very informative and you explained it very well. You are right. Nowadays ICOs are really getting out of hand and people are facing many problems. The things you have mentioned for solution is really good.

BCHachiman

newbie

Activity: 224

Merit: 0

Well that is true i invested to Helbiz a mobility provider platform they deceive many investor by dumping their coin , adding additional tokens to total supply , token burn wallet tokens are sold in idex instead of burning and told that someone hack the account no development transparency with their investor ! Thats why i switch with Trustedcars a well known company in Germany for automotive mobility provider . They are running their tokensale to mass adopt blockchain technology that will benefited both dealers and user by having cheaper cost , fast transaction and transparency . So i can say that they can deliver their decentralized platform because their car dealership platform is already implemented

louie69

member

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Merit: 12

This has been a good issue that was brought to this forum regarding AIO community. I believe that there are still good ICO's that are legit and true to it's promises however, there are ICO's that had scammed many people to invest and just leave out of thin air. Most of these scam ICO's don't even bother to pay the bounty hunter's from their participation in the signature bounty campaign. I would suggest that prior to giving the ICO to join in this forum is that ICO should undergo strict screening in fairness to the ICO investors and bounty hunters.

SnodGrass74

newbie

Activity: 79

Merit: 0

This is really nice issue and this post has addressed important issues that will help to develop the ICO of any project as well as the market of crypto currency. The concern and suggestions by the AIO community is really commendable and it needs to be implemented soon.

warning_btc

member

Activity: 378

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ICO's collect moneys in ETH, i think is not right price of ETH very volatile.
Need to collect in some stable coins

zhekinsp

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The biggest problems of ICO investors were lot of scam ICOs so they are afraid to invest on the new projects which affects the total market but the issue comes with the investors who don't have enough knowledge about the crypto currencies but still trying to invest on the crypto currencies and ICOs so scammers use them as easy victims and steal all their money so they need to update themselves to differentiate legit and scam.

Wale777

jr. member

Activity: 336

Merit: 1

There are different problems that exist in ICO, some are identified to the team while the others are associated with the ICO community,, the ICO supposed to be focused not only on raising fund with big community but to be committed to invention and production of a working product as what Blockchain technology is to find solution to existing problems of man, some ICOs are not committed to full development of the whitepaper according to their roadmap which is to the detriment of the investors and every other person that support the ICO

Kryten12

member

Activity: 448

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TREEBLOCK

I think the main problems with ICO at the moment are projects being run by inexperienced business people and that have not done proper cost analysis of bringing their project to completion. Is there really room for any more chains that want to do crypto different or is it time to look at only project with real world application?

sh4dtechnr

copper member

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Merit: 4

One of the problems, in my opinion, is that there are too many fraudulent icos in this market. Although, the tendency of reducing the concentration of them in the market already exists - people are getting smarter, and for scammers is not so easy now to deceive people as before. it becomes simply not profitable to conduct such "projects".
Another problem is the high volatility of the Crypto-currency; this problem will gradually disappear with the growth of the market, I think.

Jingjess

full member

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You almost mentioned all the problem exist in ICO mate and these are all true and these are all the main reasons why people are afraid to invest.But sad to say that there are many newbies that are not familiarize with ico and yet they still invest with it and they end up losing their money.

Tallay

newbie

Activity: 52

Merit: 0

Well it’s a good post. I like that you have cleared your statements properly and I am completely agree with you. Most of the ICOs are just making promise but cannot show the final product and thus people losing faith.

RottenSteel

newbie

Activity: 70

Merit: 0

You are right. There are so many problems now in ICO projects. Most of them are failed to show the product finally. All they do just fake promises and make the investors losing their money.

Tobt

newbie

Activity: 68

Merit: 0

Nice article that you write here about Ico. Study say about 80% of ico are scams. Only 7-8% of Icos progress to trade on market but about 6% of icos were failed to raise money as required.

bangdol

member

Activity: 345

Merit: 10

ICO like losing investors, perhaps because too much c now. Why are there are no rules to limit everybody makes project ico. It could be bad because of rampant fraud in the guise of project ico.

WrayburnBTC

newbie

Activity: 65

Merit: 0

Yes, there are many problems that still exist with Icos. Most of them are scam. Funds being stolen is one of the big issue with Icos. Beside this there are many problems exist that makes investment in ico dangerous.

BADBITCH

jr. member

Activity: 532

Merit: 6

Few problems of ico ranges from
Kyc
Failed promises
Scam icos
Non delivery of tokens
Embezzlement of funds And more

Just focus on your research work
That’s the best I can tell

Topic: what problems exist in ICO - page 7. (Read 1305 times)