I have now participated in a few ICOs. For the moment, I am glad I took part in Quantstamp, very organised, no rush, decent profit, ... excellent
And in all the rest... well, either you had to be quick on the keyboard and have a fast node (Gifto), there were technical problems (Bread), tokens were released before the end of the ICO (Ripio) and lately, the WAX token which has been the worst by far: The team decided to build a new blockchain, change the number of tokens and released tokens to some investors before other without locking them.
Some people say this is crypto, and what I say is that this behaviours and lack of compromise with the people that are trusting you and giving their money is going to kill the ICO business.
FOR INVESTORS - Track the teams, track the ICO managers, make sure that your money only goes to those that have a record of keeping their word. We have to defend ourselves. Please, care about your money because they don't.
And in all the rest... well, either you had to be quick on the keyboard and have a fast node (Gifto), there were technical problems (Bread), tokens were released before the end of the ICO (Ripio) and lately, the WAX token which has been the worst by far: The team decided to build a new blockchain, change the number of tokens and released tokens to some investors before other without locking them.
Some people say this is crypto, and what I say is that this behaviours and lack of compromise with the people that are trusting you and giving their money is going to kill the ICO business.
FOR INVESTORS - Track the teams, track the ICO managers, make sure that your money only goes to those that have a record of keeping their word. We have to defend ourselves. Please, care about your money because they don't.
Yes you are right! Many companies at the moment do not do what they promise, despite the fact that they have reached softcap!
We must first study this company well then invest!
There are companies that simply say that they have an audit, and disappear for months and they say that they did not pass the audit and all investments were frozen or something in this spirit
Sometimes is just plainly ridiculous, any decent company behaving in that way would get a class action suit. For the moment, only 1 in 5 of the ICOs I have been in have had no problems nor mismanagement.
