Topic: Why you should invest into ICOs that have a working product. - page 5. (Read 761 times)
Sadly, ICOs have a high rate of failing, and a working product only decreases this by a little bit. Without a user base and demand, even with a working product the project might die.
Yes, I totally agree with that. Investing in projects at the ICO stage is a big risk. It is better to reduce the risks. If the project has a working product, this is already a big plus.
If there is a work product in an ICO project, this is already a certain guarantee that it will not be a fraudulent project. Now it is very important, since there are more fraudulent projects than workers. I always try to join those projects that have a good working product.
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ICO even with working product may fail. Look at banca. They had large community, they earned massive amount of money in ICO with 2 or more working products. Yet they are far away from success. That is why i prefer to buy after ICO and I buy at cheap, usually.
I do agree with you. I was a supporter of Banca, but their marketing strategy wasn't good enough! They did not come with a good bounty campaign and any other marketing policy! Though Banca raised a good amount of money, but as a product base, they are not a successful project!
That is why i prefer to buy after ICO and I buy at cheap, usually.
This is a good suggestion regarding the bear market, otherwise, buying a potential token from the Pre ICO always a good choice. I remember Credits, Pundix, Lala world and so on ICO projects.
ICO that has real products can indeed affect investor confidence. Real products are certainly very important because these products will continue to be developed so that they can attract investors. Unlike some ICO projects that don't have real products. But all also depends on the work of the Team and ICO Project Developers.
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Sorry to say, I would not invest in a project, which has a product or not. Because, They don't care about investors money, after getting a decent fund, they change rules, distribution, exchange listing date more and more time. They have no plan about protecting coin price, though it is not in their hand! I have lost a big amount of money in ICOs, so, in this bear market, a product will not help you to reach success easily. Look at Vividcoin and miracletele! They have products as you mentioned but still, they are not even close to success! Both project's ICO is running from the last year!
Ideally a working product should be the minimum criteria for investing any blockchain-based or cryptocurrency project because a working product with at least show that the team is so invested in the project that they have used their own money to make it a reality even before the fundraising phase.
however if a team can also produce a prototype that is not even i
the final product but is very close I think that is also good enough
however if a team can also produce a prototype that is not even i
the final product but is very close I think that is also good enough
Not every ICO that have a working product is a must invest in ICO, there is a lot of failed ICO that had a working product, in fact, a lot of outside companies miss used this to collect unneeded money, they usually take there already fully working product and threw in some Crypto terms and make an ICO and raise millions of dollars and probably only 10% will be spent on development because they have nothing to develop, they already have 100% working project.
with the working product ICO investment can get success but It wont rise the price of the token as they will be working on their product and they wont be interested in the price of their token. As i have seen lot of project which got very good investment in ICO but their price is 90% down from the ICO price. So everything depend on whether they are interested in the profit of the token investors or not.
It seems OP is still assuming that cryptos are here just to rotate our investments like a multilevel marketing. When an ICO is not having a working product or a solution for a problem then from where they will generate money to have a business.
Overall, all ICOs are based on some project or business and all business must have some concept to generate money. This is what simply denoted as working product. Without that, an ICO is just a money rotating scheme.
Overall, all ICOs are based on some project or business and all business must have some concept to generate money. This is what simply denoted as working product. Without that, an ICO is just a money rotating scheme.
ico that have a working product is less risky than ones that don't have at least you can see how they want to expand the product with ico money and forecast the desirable growth
Last two years saw a rise in the number of ICOs that were soliciting for funds for the commencement of identified blockchain solutions. However the downslide of the crypto market has seen most ICOs failing because most of them don't have real product and very good use case behind them to enforce the liquidity of their tokens. Well i entreat you to invest with ICOs that have real working product which would always cause a constant demand of the utility tokens. This is the only way as investors you can also earn some profit from the project you invested into.
I know two of such projects which i am into and i would like you all to check it out.
Vivid : https://vividcoin.app
MiracleTele: https://miracletele.com
I know two of such projects which i am into and i would like you all to check it out.
Vivid : https://vividcoin.app
MiracleTele: https://miracletele.com
I prefer to keep away from ICOs now during the downtrend. It doesn't matter with or without working product. The real problem is that every token/coin, which is getting listed nowadays is being dumped very much. So it's better to save funds till the real bull run.
ICO even with working product may fail. Look at banca. They had large community, they earned massive amount of money in ICO with 2 or more working products. Yet they are far away from success. That is why i prefer to buy after ICO and I buy at cheap, usually.
maybe it was only one of the projects that had a product that worked but failed maybe because their products were not wanted by everyone but chose ico who had a product that could at least minimize or keep us away from ico scam 
I do believe that that is the reason why many of us lose money in this icos market. We were investing in idea instead of investing into a working project or product! I believe that we should also invest into projects that has been listed in the market.
I think there should be a clear definition of Working product, I have seen some guys pop up on this forum soliciting for funds and claiming they have a working products, if you have a working product and no one is using it, it is more or less useless for investors to invest into it. What we need in this space is adoption, people are not using these platforms and it is a major concern to me
it has a once in a blue moon chance that the ICO has a working product. and not all of it has a success. I don't know how the investor risk their money on the ICO without a working product and turn success. Anyway, not my problem at all. most of my token is invested after the ICO. it was cheaper the the ico price.
Last two years saw a rise in the number of ICOs that were soliciting for funds for the commencement of identified blockchain solutions. However the downslide of the crypto market has seen most ICOs failing because most of them don't have real product and very good use case behind them to enforce the liquidity of their tokens. Well i entreat you to invest with ICOs that have real working product which would always cause a constant demand of the utility tokens. This is the only way as investors you can also earn some profit from the project you invested into.
I know two of such projects which i am into and i would like you all to check it out.
Vivid : https://vividcoin.app
MiracleTele: https://miracletele.com
I know two of such projects which i am into and i would like you all to check it out.
Vivid : https://vividcoin.app
MiracleTele: https://miracletele.com
It will be very difficult for starter ICO company who want to create their products from scratch.
They don't have any products yet, therefore they have to raise the funds from investors to make products.
Having an existing product won't guarantee that ICO will become success in the future.
Participating on projects with working product is not a sure fire way of getting profit, it just increases the chance. An example of a project that have working product but still turn out to be a scam is Sobit.
I don't have any mind whether I should invest or not since I used my funds only for trading. After all, investing to an ICO need a whole research before doing that.
the ico that already have a finished product to show to the investors have some more possibilities of success, however I prefer to buy the tokens after the end of the ico on the various dex when they will surely cost less
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