Bitcoin Forum

Hello everyone,

I was talking to couple of genuine entrepreneurs who have issued ICO. They are saying that the market has been very tough as there is so many ICO , many scammers who are willing to spend money to advertise and expand their reach.

This has led small entrepreneurs to suffer. How can we help with this problem , any suggestions ?

Face the risks and show them what they got.

Try everything they got to promote the technology of their ICO. Compete even how hard it is. It will really hard on the way since lots of concerns have to be put on the table. Just go with the proper advertisement and make the best out of it.

The problem isn't ICO being expensive but scammy and yeah they are more scammy than ever and that is because people continue to throw money at obvious scams or clever disguised scams. Until this stops the scamming behaviour won't stop. Ie it is on us to do research in order to sift out these scams and until that happens scams will continue to happen.

There's nothing special you can think of. The law of the market works. Who invests more in the advertising of his product, he often wins. In this case, you need to show the benefits and usefulness of your project. This is the only way to achieve success.

Once I've seen the prices of one crypto related local website. They charged about 4 BTC for posting 1 single article. Also with all the recent with exchanges listing prices are also pretty high. As I've seen the price over 50k$ can still concidered to be low. The issuing of a coin / token may still have the same price (or baybe become even cheaper) but the prmotion if insane.

Innovator's journey I suppose, Its just seems like scammer are able to get away all the time.

support only some serious project, with real team and clear roadmap as the future plan for the project
also good whitepaper that easy to understand for everyone

I agree , Research is very crucial. Talking to some entrepreneur they were telling me that the minimum budget for an ICO is 100K atleast.
 
Regarding the white paper , have you seen many ICO draft whitepaper so technical that they almost trying to confuse the investor.

well maybe present the project here in detail. I sometimes read into the Ethereum thread which by now of course is quite long. Every project needs good marketing. PM me if you want. I am part of a bigger pool group. I could check for interest there as soon as you forward details on the project.

From my experience most ICOs with solid projects tend to receive better traction and responses. I am talking about ICOs as recent as VIBE and SOPHIATX. You really need to place yourself in such a way that investors not only view you as a good project but one they can't miss out. While marketing is important, it isn't as important as the quality of the project(s) and the team. Smart people do not just part with their money easy.

The tradegy of 2017 was most of the scams got funded and real project who really wanted to innovate suffered because they didnt have any funding. I almost feel an ICO to help real ICO would be a success :-P

NO doubt 2017 saw an unprecedented release of too much ICO out of which more than 50% ended up being a scam. To say the truth, i am beginning to loose interest in ICO. I would rather wait for the coin to hit exchange and get listed on CMC then i buy.

I believe greed is driving the whole show now, to get listed on all these ICO alerts websites you need to pay money, Youtube channels ask for money, to get listed on exchnages you need money, so if you look at the whole package it all cost money and this make running ICO more expensive than the time past

It hasn't changed the scene for small entrepreneurs. If your idea is really good, and you work hard and work long at it, eventually it will get the recognition it deserves. Don't forget that a lot of successful blockchain projects and cryptocurrencies started from nothing. No ICOs, no paid developers. No paid promotion or paid marketing. Just good old solid hard work.

ICOs were the easy solution for corporations and businesses to expand. Reverse ICOs are the new trend for "decentralizing" a business.

ICOs must be expensive because they can raise a lot of money and among lots of ICOs, it is hard to reach the people because most don't look for good projects but hype, profit opportunity. Most sell their coins right after the projects issues their coins so they need to create a hype which costs a lot for them.

We as investors can make sure we take our time to consider our options and stop throwing are money at everything and then such scam ICOs won't make substantial amounts and there'll be no need for people to try. The market is driven by us, if we continue to feed their greed with stupidity then they will keep taking our money, to the detriment of the real projects out there.

Exactly, The market is driven by this forum, and most of the genuine investor come from this forum itself. I was talking to an ICO owner who was explaining his pain promoting his ICO when some ICO listing pages are asking 20 ETH to appear on the front page. Ridiculous !

Short term speculation is great with ICO, but good project take time to show value. Some investors only focus on short term speculation rather than investing in meaningful project which is giving money to the wrong hands.

What are your thoughts of running an initial draft of the ICO in this discussion page by the investor, this way we can get the opinion of the investor and their concerns. So only the relevant information are  highlighted on the whitepaper, rather than filling it with technical BS that is meant to confuse non tech investors.

Thanks

Agreed. We should be breeding a culture of due diligence instead of taking companies at face value. There's nothing wrong with advertising because great projects like Polymath are doing it because of the world they're getting into.

indeed i think that could gappen with an ico but there are ico projects which dont set a high initial amount of fund to paryicipate as such indahash i think. if that what you have meant.

If small entrepreneurs wish to raise alot of money without best idea ever this looks like scam for most investors and we cann't do anything :) Just get easy your 1 million dollar with not bad and rather unique idea and don't try to raise 40 millions with one more blockchain taxi and no name team...

This is a real shame indeed. I still remember when one of the highest records at an ICO had been reached by singularDTV in a very short time and at that time we thought everything was an unthinkable amount. If with that amount of money it was more than enough to carry on a valid project now with all these overpriced ICOs there is only more money for developers who will not do anything and will dump on people when the market will collapse

There is nothing to be done as a community, as an individual the only thing you can do is to invest in projects that are serious and have hopes of making a difference, if you only invest with the intention to make money you could invest in scam icos that could generate profits for you but at the end they will scam someone.

Will,in my thoughts that its better the market would fertilize all ICO  coming inside in there registration,because they are the one who capable to know if this is fraud or not into the market,and by doing this they maintain the credibility of the name of cryptocurrency.many some of  ICO scammers are there purpose to take advantage of the few investor whose purpose to scamming some of your few investment.so to avoid this its better that the market who accept ICO ,they must  examine  and fertilize all incoming ICO entrepreneurs if it is legit or not to avoid fraud,and hesitation.

ETH price keeps rising is another concern.

Better wait for tokens to be on exchanges. My 2 cents.

Some ico organisers are there just to exploit the participants they don't have in mind to develop those coin i will take part in my first ico soon seems they are different.

Do your research and follow big community will become a very good though. I meant a big community gives you a lot of discussion about the icon. Because the majority of the participant is not only you. And another people will try to do their research too and then you can try start to discuss a sketchy thing in the ico. It may better for you.

there are too many Ico projects.ico is not easy to do.There's a lot of trouble.There will be absolutely scam projects between them.the project and the team need to investigate well.

There are many small developer teams that don't have the chance to show their capabilities of creating the new technologies that are connected with the specific altcoin because of the scammers that are prevailing with such small projects. Investors are usually backing from the small campaigns in the fear of the loss of their investment into vain. The only chance for the small developers lies in the trust of the investors that are very well informed about the specific project power to realize its plans and to sustain that trust the investors have given to the project. ICOs with the proper financial background can implement themselves into the market wheel very fast but if the goals that they are promising are not achievable the finalized coin can fall down in value very fast. Investors are very picky and the start-bonus of the big developer team doesn't mean that the project will succeed in the end.

I think that if the project is interesting, and has technology then scammers do not prevent them from raising money,Interesting projects always attract popularity

Feel like the market is getting over crowded. Where are the place investor look out for ICO apart from Bitcointalk ?

One of the best ways to take care of these fake and fraudulent ICOs is for ICOs to be subjected to regulations. I know that there will be challenge of the fears that ICO regulatory body being influenced negatively by some individuals. But how will you compare that fear with the fear of losing millions of dollars.

As long as you involve with the right projects, you won't have problems. Risks are expected because you will have great profit if you pick the correct projects. Risk is the component of ICO.

It's the same ICO strategy as it was some years ago so I don't know what are you reffering to. Also , it's your choose if you want to participate into ICO's or not. The capital they want to achive is high only because bitcoin is high at this moment , think about it.

ICO being expensive than ever. But there is some problem. Many ICOs are SCAM. You better do full research yourself. Daneel is the my recommendation. It's The first A.I created to help cryptocurrency investors. And Daneel has great team. I believe this project have great future. But you better do the research yourself. Here the resources,

• Website ----> Visit Daneel website : http://www.daneel.io/ico
• Whitepaper ----> https://daneel.io/whitepaper
• Join the Whitelist ----->https://daneelassistant.typeform.com/to/hl6ZS9

And you can join Daneel official telegram Chanel

• Telegram: t.me/projectdaneel

It is very expensive and it is an issue for ICOs that are legit and don't have the cash to throw around. The best thing to do is build a community through content marketing and this forum / social media. A well planned out campaign can be a successful one even with a small budget if the concept and idea are well thought out.

One advantage to the fact that it is expensive is that it can price out shoddy ICOs, as they are worried that their investment won't pay off.

How can one build a community in this forum ?

How about scammers who COPY all content from a legit ICO and only change the address to wich the funds must be sent??

How to fight this?

For example this is a scam webpage: http://ico-envion.org/

Who is targetting 2 legit ICO: Globcoin and Envion

Terrible