Bitcoin Forum

Hi guys,

So, seeing that the amount of new ICOs are going insane, I am often thinking about which tactics you use to find new prospects?

The new ICOs are spending sick amounts of money on marketing and influencers, and it is becoming hard to distinguish good from bad.

The only real promising under the radar project I have found this month is Welltrado. I base that on a 5.0 rating on ICObench, and a double gold win at d10e. Trustworthy sources in my book.

However I don't want to spend all my allocated money for April on that one project. So guys. Do you know any upcoming ICO projects with great ratings and real-world backing that could be worth a look? I don't give a shit about bitcoin talk  hype. Give me something real, not bought by coin drops and affiliate bullshit!

Dunno man.

I have found Jack shit lately. It's a jungle out there. Bitcoin talk isn't very helpful. But I am starting to watch small YouTubers currently, the ones that are obviously not paid. Some of them spend an insane amount of time on research.

I guess we have to work on getting above the radar 😎
But we kind of believe in "Don't oversell" - "don't hype" kind of mentality at www.welltrado.io (http://www.welltrado.io)

That's sad!

Not a single under the radar ICO, with some decent awards and ratings under their belt?
Share your wisdom guys!

Hahahaha. You wish.
Maybe you guys should get better advertisers, I really want this one to succeed!

It takes a tremendous amount of time to analyze every ICO that pop every day. You can spend a whole week reading all the whitepaper, check the website, investigate the team and you have 10 more that appear on the pipe.

You need sometime go with your gut's feeling.

But isn't that the reason why we got into this mess to begin with? Too much gut feeling - too little checking of independent verifiable facts?

I am usually checking

1. Are they real? - LinkedIn, etc.
2. Independent verification - award-shows etc. Don't matter if they actually win anything. Just that they are outthere.
3. Business model - can it live outside of crypto (CRUCIAL!)
4. Are they "chaaanging the world" - then you are out. get out. I want ICOs that actually happen. Not elephants in space.
5. Does the token model insure that I will make money? :P

Any stuff I forgot?

I use multiple metods, but none of them can give you a common sense. For example recently i saw a project claiming to " cold fusion new elemets" . if one cant understand that this is disgusting scam and gives them money than no tool or advice cant help these kind of investors.

Right now i do not know much good projects, only good ones seeminlgy just ended.

I found stuff like that pretty abundant. I am also curious to why on earth the damn stuff get's funded anyway? Catering to geeks with technological wonders seems to the gateway to golden rivers of money ;)
Again, I found jack shit - this month, and there is so many. Maybe that Welltrado thing, but I am bit sceptic about the "calculator". I don't know. Whatever. Looking at the bloodbath in the markets, I am bit edgy right now.

Hey, just popping in to say you can go our Telegram about your calculator question https://t.me/welltrado (https://t.me/welltrado)

are you interested in the abyss ICO ??
I think this project is very good, they got 23 expert rating in icobench, while welltrado only got 5 expert rating.
indeed this can't be the main reference, but it can help the investor to choose the best ICO.

I suggest you know about CARDSTACK, which is a project that has implemented the open source code. This project is really excellent.
I'm going to invest some of that money. ;D

the most reliable projects should be present on the site of the icodrops. in my opinion these guys are professionals in their field. the availability of a project on their site is a success in 80% of cases

According to analysis tokens of exchanges give good gains. For example there is lccx.io - looks like promising exchange based in London.  Well developed white paper, experienced team, located in politically stable jurisdiction.

Okay looked at Icobench. Indeed many ratings. Lots of bad ones though. But hey I guess that the nature with many ratings.

However as someone said earlier... How does this compute in the real world? Is there a need for this? Who are the competition?

Looking at this factors, this Ico will probably fail.  Steam, Origin, Uplay are enough. They have the money, they have the network and are deeply involved in publishing side as well. Also I have a hard time to see what crypto gain.

Sometimes it feels like ICOs want to build a separate world for crypto to live in. Every goddamn successful platform apparently needs an crypto equivalent. No matter how hard the playing field is.

I really love Icodrops. They are non-profit, and help sort through alot of shit ICOs. However looking at the "ended" ICO section, many of their choices ends up not funding.

That to me reflects the other side of the coin, what they tend to like. What is in their interest is not necessarily what is in the market interest. So the narrow focus can sometimes be a bit of an disadvantage? Or is it just me?

come on, do not just look and make a decision from the rating site alone. there's a lot of analysis you have to do and if you miss it, I'm sure you'll get stuck.

Of course not.
www.welltrado.io  (http://www.welltrado.io) was pretty easy for me, because I have been investing in P2P lending platforms while also investing in crypto. Even contacted one of the partners(due diligence) , where I have already invested.

My biggest concern is if they can convince crypto - which let's realize it, is often first time investors, to try something new. I think most of them think investing in a crypto-index is smarter.

from my point of view, it takes a very long time to analyze every ICO that pops up every day. You can spend a whole week reading all white books, checking websites and investigating teams.

I suggest keeping an eye open (e.g. googling for) certain industries + "blockchain" or "ico". Projects with a solid foundation in an industry that is originally unrelated to blockchain tend to contain less hot air. (For even better results, exclude the keywords "disrupting" from your searches...)

To distinguish the good from the ugly, what Danna_R (https://bitcointalk.org/index.php?topic=3217153.msg33527547#msg33527547) said.

So should we make a better list? Here is the original ones:

I am usually checking

1. Are they real? - LinkedIn, etc.

2. Independent verification - award-shows etc. Don't matter if they actually win anything. Just that they are outthere.

3. Business model - can it live outside of crypto (CRUCIAL!)

4. Are they "chaaanging the world" - then you are out. get out. I want ICOs that actually happen. Not elephants in space.

5. Does the token model insure that I will make money? Preferably by incorporating burning in the service layers.

6. How is the ICO using blockchain? First. Educate yourself on how the blockchain works, and the current limitations! Often ICOs want to use the Blockchain for an insane amount of transactions. Or put things on the Blockchain which really should not go there.. However it sounds "cool" and "crypto" friendly.

7. I disagree about the apparent consensus that an ICO project should use the Blockchain for something crucial. That seems to be a rule made by crypto-evangelists, not business oriented people.

8. Check if the project is backed by VC. Check if the VCs have legitimate business outside the ICO industry.

9. Don't use xxx amount of social views, xxx amount of Telegram users etc. For anything. ALL the teams hire external marketing. Some of the agencies, if not all,  tampers alot with the numbers, to sell the hype that they promised the ICOs. Don't necessarily let weird numbers weigh much in your decision.

10. Hype is cool. But a good business model, and an idea that can survive outside of crypto because it was born outside crypto, is preferable.

That's all for now!

Running through WELLTRADO www.welltrado.io (http://www.welltrado.io) through this list:


Tomas Medeckis CEO, Co-founder - https://linkedin.com/in/tomas-medeckis-0a237585 (https://linkedin.com/in/tomas-medeckis-0a237585)
MEEE!!!CDO, Co-founder - https://www.linkedin.com/in/kim-nielsen-89545331 (https://www.linkedin.com/in/kim-nielsen-89545331)
Arturas Svirskis, CBDO, Co-founder - https://www.linkedin.com/in/arturassvirskis (https://www.linkedin.com/in/arturassvirskis)
Zygimantas Stancelis, CTO, Co-founder - https://linkedin.com/in/%C5%BEygimantas-stancelis-6725b265 (https://linkedin.com/in/%C5%BEygimantas-stancelis-6725b265)
Etc.


- Double goldwinner at D10e. The largest ICO pitch competition. Both winner of jury and audience award.https://www.welltrado.io/welltrado-wins-d10-the-biggest-ico-pitch-competion-both-jury-audience-award (https://www.welltrado.io/welltrado-wins-d10-the-biggest-ico-pitch-competion-both-jury-audience-award)
- Also 2nd place at Rietumu Fintech, before ICO. This company is years old. Rietumu Banks Fintech challenge – the biggest competition in Baltics for fintech companies.


Our business model is to connect thousands of P2P lending networks into a large marketplace. Like Amazon. (Amazon connects merchants, that sell products) (Welltrado connect P2P lending platforms, that sell loans)
Investors who invest into P2P loans exists primarily outside the crypto-space. However we want crypto to have the ability to easily invest into over 1 million PRE-existing loans aswell.

What do I mean with pre-existing? We are NOT a P2P lending platform. We are working with a multitude of p2p lending platforms. All with many years in the business, and well-developed loan origination network and procedures. The loans are already outthere. We are just connecting them to crypto in a platform. Not rocket science.


Hahahaha. Elephants in space.

We are not changing the world at www.welltrado.io (http://www.welltrado.io). Maybe that is why the project can seem a bit boring. We are basically just connecting the dots between two different industries.
At it's core Welltrado is about "diversification". Plain and simple.

if we look at the deep systemic problems in crypto, diversification is a major issue.  Because while we have over 1500 ALTs, their value closely mirror the movements of BTC and ETH. HODL all you want, your ALTs are married to an extremely volatile market. A market not just for tech geeks anymore, but a market played by whales and market makers.

The unfortunate reality is that majority of cryptocurrency investors are first time investors. Of all types of investors, these especially need to pay attention to diversification. Welltrados main proposition is to take your crypto, and then give you an easy way to diversify your 1 ETH into … about 340 different loans. (2 ETH= 640 loans and so on)
Anyway. We give you the ability to place your 1 ETH on many different lending platforms. Across many different countries, and in wildly different things. 0.002 ETH on a Business Loan, 0.002 ETH on someones Mortgage, 0.002 ETH on some risky loan in Georgia. etc. etc. This can be done manually (remember loans are already there! Or through a fund structure)

The boring parts:
1. Most P2P lending platforms only takes FIAT.
2. This means that when you put your 1 ETH into loans - the backend with convert it to FIAT. Invest in the loans. The loan amount+returns are then in FIAT.
3. When the loan is done. Amount+returns are returned in FIAT. Only then converted back to your crypto of choice.

The good parts:
1. YOU ARE SAFE. By using FIAT we are effectively removing the insane fluctuations and instability of crypto. This means when the market takes it's nosedive you won't be fucked. At all.
2. The returns are in traditional standards very good. Ranging from 6% - 35%. However YOU pick the loans, or setup your automation criteria. This is not necessarily some closed fund that takes the decisions.
3. We have many partners already. The P2P lending world lacks investors, and crypto-investors are tech savvy and not averse of risk. This makes you guys very good prospective investors for them!
4. Real Diversification. Millions of loans, from many different countries in wildly different industries. Never put all your eggs in one basket ladies & gentlemen ;)


Welltrado's token is called =WTL.

Remember how I said that the Crypto will be exchanged to FIAT? Well that costs something. However instead of charging upfront we have decided to work with another model.
We charge 5% only when the investor receives profit. Every time a person gets returns on successful investments, a fee equal to 5% of the profit in WTL is taken from the WTL token
holder’s account and is burnt partially as fuel for the service. Ownership of WTL creates a reserve that can be used as the fuel for future services.

Welltrado recieves about 0.5% - 2% from every investment made on network directly from the P2P lending platforms. As you can imagine this will create a very nice profit stream for
the company. After all we take none of the risk of defaults etc. We can operate with a small team.

We have decided to distribute this income stream in 3 different ways:
1. 30% of all income goes BACK to the investors for making transactions. The more tokens you own, the more you get.
1. 30% of all income gets used for buying/burning WTLs. To insure scarcity and value.
1. 40% of all income goes to Welltrado development.



So lets’s talk blockchain. In an ideal world blockchain would help to verify the client by supplying credit scoring information from blockchain-based registries, with smart contracts taking care of loan repayments. In the real world, regulated lending platforms must ensure the individual borrower’s identity is verified, a credit check is done, money is transferred and, in the case of a default, there is clear process of litigation and/or debt collection. Welltrado's use of the blockchain is quite unglamorous.We are using it to track our connected platforms.We are tracking their loans. How many goes bad. How many are late. We are giving scores on everything. - and this is what goes on the blockchain. This is what is needed on the blockchain. Not only for regular investors - but because we are playing a much larger game here.

You see. P2P lending platforms in general has problems with legitimacy. The P2P lending platforms are decentralized, independent and without third party supervision, and they actually suffer from that. Big institutional investors stay away, due to lack of immutable proof of conduct. We will be able to deliver that through the blockchain. This in turn will attract big money to our platform, and our business will explode.


I kindof disagree with that. I mean I think our use of blockchain is pretty important. At least it is a stepping stone.

But I do agree that there is many many unfortunate misunderstandings. This idea that full disclosure/pseudo anonymity. Like if I paid back my friend for some lemonade, I would thus let him know everything about my finances. That's not so smart. Some disclosure may be tolerable for individuals, but it is deadly for companies. All of their contracting parties, sales, customers, account amounts, and every other little, petty detail would all become public. Financial transparency is perhaps one of the largest disadvantages of blockchain in general. Some may disagree with that ofcourse :)


Our main VC is http://goldfishfund.com/portfolio/ (http://goldfishfund.com/portfolio/) Owner of Cili Holdings which operates a largest restaurant chain in Baltics, with ±100 restaurants. It operates restaurants “Cili Pica”, “SOYA”, food manufacturing unit “Maisto Namai” and food delivery system 1822.

Also. Again. We ARE NOT A crypto- P2P lending platform.
Salt Lending, Coinloan, Celcius are crypto P2P marketplaces. In it is awesome and entrepreneurial. But extremely risky, no amount of blockchain can hide that. Using crypto as collateral for loans, is mad. The day cryptomarket takes a real nosedive, the collateral will similarly plummet. If the borrower doesnt’ pay back the loan, the lender wil be in a position where he can only recoup some semi-worthless crypto collateral. Or worse bankruptcy or closing of the platform with huge losses.

Investors using Welltrado, will not be at risk. Because the loans+interest will be in FIAT. You are secure. You will not stand in some messy situation. Where there is no clear process to get debt collected etc. You are not victim to insane crypto market fluctuations, and you still have a very good return rate.

.....AND Kim OUT!!
Please if you guys have questions, you can always catch me on Telegram:
https://t.me/welltrado

Here's a good video that explains how to do quick and effective research on ICOs, very useful: https://bestcrypto.tv/414/how-to-quickly-research-crypto-projects/

Rating may just be an indicator for ICOs but it does not actually guarantee its success. I have found that there are ICOs that are even highly budgeted yet doesn't have so many investors. The only guarantee is when they would be able to maintain their status for some years and their income being kept stable and or is increasing.

Well that was illuminating. Thanks for lots of feedback Kim from Welltrado. (are you on easter vacation, with all this writing  ;D

You call writing on bitcoin talk vacation? Ha.
So guys what do you think? Did I answer the questions properly?

Good list.
I would add to point 1: Do the founders or important team members have industry expertise? Not only in blockchain, but for a supply chain startup, supply chain expertise - for a healthcare startup, healthcare expertise - etc.

Why do you think that Welltrado's ICO might not be something promising?

I too have been trying to find lesser known ICO's which are worthy of investment. Ivan on Tech recently did an interview with the developers from ELIGMA. i was not impressed at all at first, as they resembled Russian mobsters to me (lol, they ended up being from Slovenia). i did some additional looking into it and was kind of interested. they claim to be integrating AI with blockchain in order to help customers to find the lowest possible price for everyday consumer products like phones, appliances, ect..

have any of you heard of Eligma, or do any of you have any thoughts on their project?

"Boring" is good. Blockchain needs more "boring". 8)
(This is a general statement - I'm not explicitly backing Welltrado here because I haven't done in-depth research.)

But you can circumvent that by using privacy-friendly protocols, such as ZCash.

(Sorry, this post was delayed due to my newbie posting limit...)

Have a look at smart containers. I will invest some ETH into it, not only speaking positive because I am wearign the signature.

There are many itnerested people in the team and no default crypto marketing bullshit like icobench or something like this.

In my humble opinion I wouldn't trust Icobench ratings as they have a history of rating some of the best projects relatively low, while rating mediocre projects very high. Icodrops is much superior to them imo.

I find it very hard to find under the radar ICOS but one ICO that came and went made me a small profit but if I had sold their token at ATH I would have near to half a million USD. I only sold like 2 k usd worth for living expenses, so now the price went down and down and waiting for it to go up again. There are low marketcap coins and tokens that are good but you need to do thorough research here on Bitcointalk, maybe watch some Youtube videos and also check out coinmarketcap regularly. It is a hard job, but at the same time not impossible to find the gems among the rocks if you are lucky.

The first thing I would do is find a few ICO listing sites you are comfortable with. I like Trackico, ICOpointer and ICObench. One project to look at is Deedcoin.

there are too many ICO's that make we hard to choose what will be the best to invest.
i believe if we take long time to research, we will find a good ICO's. and a number good ICO may below 20% from all ICO's.

I do not trust the ratings on ICObench because they can be bought >:(  I look at the availability of a clever contract and the ability of the team.

I'm a fan of Deedcoin also. Trackico is a solid site.

Radar Relay has currently launched a beta version that runs on the decentralized ethereum network and requires users to get access to it via a Brave or Metamask browser. Record on 0xtracker shows that the most recent daily trading volume was around low$ to Hign $

I would actually never trust an ICO ranking site explicitly.
But I do use them in my evaluation process.

I also tend to grill the team about certain aspects. Because often you'd find a very dumbed down white-paper, because it needs to appeal to the masses. But that doesn't neccesary mean the project is shit.
That's why I use Telegram alot, and ask founders directly.

One of the reasons why I did not put my money in Celsius was actually due to some hard questions. I must say they did one of the best campaigns I have ever seen. So skillfully pumping marketing drivel outthere drowning out everybody with understanding of the economy involved. When I look at Welltrado, they have at least solved some of the problems. Avoiding using crypto as collateral, is certainly a step forward.
However I really don't understand the burning. Also I'd like to see some of the "partner platforms" speak out for Welltrado.

Seen absolutely the same happen with ICOdrops. They tend to rate what they like, which is not always colliding with what investment a certain project attracts. That seems to be more correlated with how good an investment network a certain ICO has. Which we have no idea about, sadly.

Also since most ICOs are not funded based on thow viable their business is, but how much hype they generate+whale investor network.

I am really really sticking to my guns on a viable product.
Stuff like Nafen, SKYFchain to mention a few really seems very very far from phasing into a viable product that has any practical usage. - Like most ICOs. Others like Moneytoken is just piggybacking on Celsius and SALT which from the start was pretty silly product ideas.

GUYS!!!

Welltrado IS LIVE with limited 25% bonus this week!
Only some 35% left

https://www.welltrado.io/ (https://www.welltrado.io/)

This is literally the best way I have seen to hedge your crypto, especially now when the bitcoin whales are playing the fuck around.
I am so looking forward to their product.

You decided to invest in this project only because of the high rating? I think this is a stupid thing. They have a beautiful site, but I have not found any guarantees for investors.

What do you think about their roadmap, history (business acceleration programs)? Does it give you some additional trust?

That's part of the consideration to have a good ICO. Such ICO ENLTE projects a good long roadmap in their project development. investors are also already many who enter.

I want to say if it takes a very long time to analyze every ICO that comes up every day. You can spend a whole week reading all white books, checking websites, investigating teams or Some of them spend a lot of time on research.

Quantum1Net's a real dark horse IMO.
They have yet to even close their ICO and they have already been in major real world media like Bloomberg and Yahoo Finance. How many ICOs can boast that?
https://quantum1net.com/