Bitcoin Forum

Hi there, I'm looking for your advice. Sorry if this is the wrong subforum.

Would you be keen on a service that:
-Let you submit a suspicious ICO and we send back our review (whitepaper analysis, research on the team backgorund) by our team of technical and legal experts (my co-founder is lawyer).
-Sends scam alerts.
-Send a curated list of known scams and advice to avoid scam.

Would you use such a website? Would you sign up for such a service?

I'm on the verge of developing such a website, but would like to get your feedback.

Thanks in advance! I'd love reading your suggestions and comments.

That's nice of you my friend, but ICO when they started their project, of course, they might find a  way for them not to be discovered so soon. But I might suggest that there is a column wherein they can fill their report about a suspicious ICO that is going on, and the reporter must be protected by not showing their email on public.

Thanks for your answer, nice suggestion. Actually, the service would let you submit suspicious or unknown ICOs, and our team would review it and get back to you with the report. This would be completely anonymous, and with the permission of the person who first submitted the ICO the rest of the users would get the report, too.

I am surprised that do one had created such service yet (at least I havent seen any popular one). I would definetely use such service but it would be cool if you put some decent efforts into SEO optimization and other promotion things. It is very important to see such ingormation on the first google pages while checking an ICO.

It is kind arguable whether ICO is scam or not and if you make a false judgment, you might influence negatively real ICO, which would ruin some one's life.

Thanks for your answer. Yes, the SEO would be crucial (I already have this part covered).

Would you pay to subscribe to such a service? I'm actually planning to work full time on this project since I'm genuinely keen on the topic.

• And then they will start to blackmail ICOs in order to give them a good/bad review.
• And then they will start taking 1-5 btc for one AD post.
• And then project which has a better idea is less popular than a project which has a bigger budget.

We know how that works.

Next, please...

Thanks for your feedback. Actually, this is precisely my point, and my main motivation. The service would be devoted to the users, no to the coin issuers. This is exactly my value proposition. I would be paid by the users.

Yup that would be great site to visit and worth developing it. I think sir theymos wanted to have service like this made by forum members so that forum can keep the illegal and scam websites away from the forum. This was in effort to have clean forum with no scammers around here. I'm definitely sure that your website might just get recognise very fast as there had been No such service and also theymos has not gotten any fruitful results from the community members. You could be game changer if the service really worth providing the valid data.

I don't think anyone is going to pay for this service if that is what you are asking.  Institutional money already knows how to do due diligence and the everyday guy may not be able to afford your service or be unwilling to pay for it.  For me it's easy.  If an ICO's website or whitepaper have spelling or serious grammatical errors then I do not invest.  The ICO team members all have to have active social media profiles with substantial history.  If the profiles were all created in the week leading up to the ICO announcement then it's a scam.  You are better off creating some kind of ICO rating website.  At least that's my opinion.  Good luck.

Nice to hear.

I understand, thanks for your message. There are already many different ICO rating websites, but there are no (or many few) websites such as the one I'm proposing. Also, the subscription would be very cheap (coffee money).

That would be a good project to watch,i would use it only and only if those people who will review wontbe selling their reviews just like any other ICO review sites who are giving negative feedbacks when an ICO dont agreed with their terms or if the ICO didnt pay them,how would this review website be different to those biased reviews?

Great question. That is precisely the value proposition of this project: it would be devoted to the users, not to the coin issuers. Business model: sell paid subscriptions (cheap, coffee money) to the users. Don't sell ads, don't accept money from the ICOs. There are already many different ICO rating websites, but many few websites like the one I'm suggesting.

The website would not feature ICOs, it would only state that ICOs A, B, C are scams, and that ICOs D, E and F are at least suspicious, for reasons X, Y, Z.

I wont be using it because i do not trust these existing review website because most of these websites are getting paid from the ICOs just to give some postive reviews even if the project looks like a scam,do not let your project be like what others review website is make some difference if you could have a decentralized review it would be better but if there are only few people who will be reviewing these ICOs that would be morelikely just like other review sites out there.

I would like to sign up with this service, since nowdays many project that look like a good project but in the end is a scam project
and the latest scam project is Myriads ICO which it should be a good project but it turn out they is a scam project with use a fake team member

That would be better if you arent going to promote ICOs in your websites,but you should be so sure with your reviews because one wrong review would break the trust of everyone in our community,you should hire bunch of people to review a whitepaper,websites,products,people behind the project so that all the reviews are based on the facts not just reviewed because of the money you get,

Make sure this project will make difference to those biased review websites so that people will trust this project like they trust their own review,it would be a big help for the whole community because most of the people here doesnt have enough time to review an ICO that is why more people are getting into a scam ICO because of lack of researching.

If you can manage to have a good ICO review site that would make difference,your team should have a lot of experience in reviewing these ICOs so that people will trust your reviews because most the existing reviews from these review sites are mostly biased because of the money they are getting with these ICO reviews.

Thanks for your feedback.

My website will NOT feature ICOs. You will not see ads, you will not see paid ICO reviews. You will only see statements on ICO scams.

-MyScamCoin: SCAM 100% confidence. We saw that ... Read the full report.
-MyExoticCoin: CAUTION, research underway. We have found that one team member has a fake LinkedIn. Stay tuned.

Im sure if your website is indeed good you wont need the people's feedback just work hard and do not let the reviews be biased just like the existing websites in our community reviewers i agreed should  be professionals and has a lot of experience in ICOs so that there will be no biased reviews,one wrong move and your reputation will be questionable but goodluck to your website. ;D

Good idea for service. It will be enough to upload 1-2 times a week the analysis/report of the project, for which the most users voted. I think you will have regular visitors.

Thats unusual to website,how would you get the funds to support the website development? ads is good as long as it is unrelated ads with cryptocurrencies,there are so many affiliate advertiement that can pay good you just need to research it.

that would be a good idea if each of the profiles of the team members would be thoroughly reviewed.

There would be a paid subscription service. Very cheap (coffee money).

Can you please ellaborate what are the benefits of the paid service? is there any advantages like chat support from the professionals if you the investors wants to interact with the reviewers? how would this paid services work? please englighten us so we can give our feedback to your upcoming project.

The paid members would have access to a curated newsletter with new detected scams and would receive priority scam alerts. They would be able to ask to review a particular ICO. Acess to the private community chat.

Is that really necessary?what if we want an ICO to be reviewed do we need to pay first so that it will be your priority to be reviewed?i dont think the community will pay for that,if you have a live chat with the support im sure most of the ICO hunters will pay for your servives,because these people wants to have second opinion about their own reviews to be sure that the ICO wont be turn into a scam.

There are a lot of threads that I bumped on that they are listing fake, scams and bogus ICOs and projects since long time ago.
I would be happy if there's a separation section for this one because fake and scam ICOs will waste our time and efforts.
As of now, all we can do is investigate or check every ICOs on different ICO rating sites like www.icoalert.com and other popular ICO sites.

You can't garantee the resistance of your service project without benefits. If no adds will be added to the website then why should you waste your time making free reviews!? What the exact role of the lawyer as a team member? The idea still look original and unique.

That would be great if the ICO hunters and community can interact with the professional reviewers,there will some assurance that these reviews wont be biased and has been based with the facts from the factors that you have reviewed,most of the people will love to hear a live review from the people behind your project.   ;)

It will be more promising if the team has been reviewing ICOs from the past,website without any proof or based on the facts reviews wont be that good.I suggest to have screenshots for prooft for example you have found that the founder's is fake one,you could have screenshot it and put to an archive ti our website so that people would know where to check the facts that you have gathered.