Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: bandar on April 10, 2018, 06:38:10 PM



Title: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 06:38:10 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

EDIT: (since most posters only read the OP):  That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing. 

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.


Title: Re: This is why the ICO & bounty era is almost over
Post by: ilnick on April 10, 2018, 06:59:15 PM
Somehow you are too depressed)
Try to take into account the fact that ICO demonstrates a market situation. When BTC and the market begin to grow, there will be investors, hardcaps, activity.
this is a fluctuation of ICOs, as the market)


Title: Re: This is why the ICO & bounty era is almost over
Post by: kingcrypto-the2nd on April 10, 2018, 07:06:15 PM
did u loose some coin ,ur talking like someone who lost large some in a coin.U know it that what ur talking aint real tho


Title: Re: This is why the ICO & bounty era is almost over
Post by: Qungis on April 10, 2018, 07:11:54 PM
Okay, well, then delete your signature, sell your account, and go work at McDonald's, where you're waiting.


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 07:13:26 PM
did u loose some coin ,ur talking like someone who lost large some in a coin.U know it that what ur talking aint real tho

No and in fact I'm in the crypto game since 2014.  I've done a lot of ico's,especially last summer when it was an excellent time for buying them.  I sold most of them with good profits during december/january.  And that is exactly the reason I'm posting this.  things have changed wether you like it or not.  Name one thing in the list I posted that isn't true to some extent?  It's all happening, every thing I mentioned.  I'm not saying no ICO will be succeful in the future, but just look at the altcoin announcement section and compare that to 2 years ago...  Not even mentioning the complete BS-ico's with people who don't even take the time/effort/hire people to write in proper English.  Some sites look like they were designed in Paint in 2005...


Title: Re: This is why the ICO & bounty era is almost over
Post by: sourish on April 10, 2018, 07:15:23 PM
Nothing is over, dont lose heart just yet. Even though people can empathize, its pointless raving and ranting like a petulant kid, each time someone snatches the lolly in your hand.


Title: Re: This is why the ICO & bounty era is almost over
Post by: nakauten on April 10, 2018, 07:20:41 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.
There should be some changes with these ICOs in the future,investors and most of the people are tired of getting bullshit scams with these shit people who will only try to raise funds and runaway from the investors.Vitalik's suggestion could prevent these shit scams which is why we need to implement the other way around!


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 07:23:03 PM
Nothing is over, dont lose heart just yet. Even though people can empathize, its pointless raving and ranting like a petulant kid, each time someone snatches the lolly in your hand.

Easy now camper...  I'm just pointing out some problems we're facing with ico's.  Every single problem I've listed has been discussed before and are taken in account for investors when investing (or not investing).  Many of these problems could be solved when there would be regulations.  Let'stalk about those, in order to be a bit more constructive since you're all thinking I'm some depressed kid who bought into some ico and got screwed  ;D

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 07:24:49 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.
There should be some changes with these ICOs in the future,investors and most of the people are tired of getting bullshit scams with these shit people who will only try to raise funds and runaway from the investors.Vitalik's suggestion could prevent these shit scams which is why we need to implement the other way around!

Exactly.  Finally someone who gets where I was going to.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Milamol on April 10, 2018, 07:26:44 PM
You are right, quantity has replaced quality. When investors become smarter and more intelligible, the quality of projects will increase.
Unfortunately, now investors do not buy much on the ICO, because the market has fallen and not because they have become smarter.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptodagger on April 10, 2018, 07:29:06 PM
I agree this year investors are too scared to invest because most of these new projects are turning into scams,i have 4/12 scams already which i have joined these bounty campaigns,i am too confident that the ICOs are slowly not getting profitable these days because these shit people are destroying cryptocurrency's reputation.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Vispilio on April 10, 2018, 07:30:43 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

very unfair and unrealistic assessment of market forces. You need to understand first of all that it's very hard to invest in crypto currencies with fiat right now. Every day press and politicians are spreading FUD, tax liabilities, scam accusations, all fake news and false propaganda to prolong the eclipsed system of banking and fiat money.

Investors are naturally afraid because of legal repercussions in many parts of the modern world reaching totalitarian levels. IRS, SEC, outright bans in many other countries etc.

So there are extremely good ICO projects in 2018, but people are scared and deliberately deterred from investing. Free enterprise always finds a way to flourish, so don't worry, it's just a temporary hiatus as more and more intellectual people understand that the mainstream "politically correct" establishment has become the enemy of the free people.


Title: Re: This is why the ICO & bounty era is almost over
Post by: jacaf01 on April 10, 2018, 07:35:04 PM
I think some of your assumptions are wrong, especially your take on private investors, there are ways to confirm the Ethereum they recieved during the private, the ethereum address contain this ethers. I do agree with you that the ICOs are struggling to raise fund but the very good ones are selling out very fast.


Title: Re: This is why the ICO & bounty era is almost over
Post by: adarwis on April 10, 2018, 07:37:45 PM
Well, some of your opinions I think are true, but not everything is true, as bounty and ico will end, it depends on what you choose which ico, but can not be denied, a lot of ico who lied to the investors and a lot of bounty scam who just want to profit by cheating


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 07:38:54 PM
I think some of your assumptions are wrong, especially your take on private investors, there are ways to confirm the Ethereum they recieved during the private, the ethereum address contain this ethers. I do agree with you that the ICOs are struggling to raise fund but the very good ones are selling out very fast.

Yes, I agree on those investments.  You can track them and I have seen them (in good ico's).  I'm talking about the bloating about so called private investors which happens a lot too.  It can never be checked.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Tylev on April 10, 2018, 07:40:15 PM
In many ways, of course, you are right. ICO campaigns have become increasingly difficult to collect the necessary funds for the project. However, in many respects the general market drop plays here and the holders of bitcoins and ethereum are not very eager now to invest in ICO projects because they can already buy considerably less number of tokens for crypto currency than before, when these coins were two to three times more expensive. However, the situation is not so catastrophic. The crypto currency market will grow and the situation with ICO will also improve. Even under current conditions, many ICO campaigns are showing good results. ICO projects will continue to evolve and for a long time to exist.


Title: Re: This is why the ICO & bounty era is almost over
Post by: modtakels on April 10, 2018, 07:44:52 PM
I feel it too,ICOs now are just being scams that true meaning of ICO is now getting wasted by these shit scammers who only wants to steal millions of dollars from the investors,that is why less people are trusting these new projects because they are unsure about what will happen to the project if its going to scam or will turn into scam after they have raised millions of dollars.


Title: Re: This is why the ICO & bounty era is almost over
Post by: illymoka on April 10, 2018, 07:46:29 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

You're only half right. I still think that cool projects exist, but they are just harder to find from the heap of the scam.


Title: Re: This is why the ICO & bounty era is almost over
Post by: hiwainmoto on April 10, 2018, 07:47:36 PM
I felt it too,because to what i ahve experience from joining bounties, even those projects who looks so legit are turning into scam.! which is why less people nowadays are joining ICOs because most of these new projects are just create to raise some funds and after getting those millions of investment they are running away from people.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Fahim on April 10, 2018, 07:47:41 PM
I agree with you that there really has been more lies. The industry is developing and marketing techniques are used everywhere. That's why good projects sometimes look gray simple mice and fraudulent projects look like beautiful multicolored roosters that entice and attract our attention.


Title: Re: This is why the ICO & bounty era is almost over
Post by: BADBITCH on April 10, 2018, 07:50:28 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.


Im not sure what is wrong, but to tackle fake icos and all the issues you stated above, thats why there are regulations regarding icos lately, 
did you participate in some fraud tokens ? or fraud bounties ?
dont give up, don't be let down.
Remain strong always
Better days always lie ahead


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptorushfirst on April 10, 2018, 07:51:26 PM
You are kidding now?)) i think ICO project for now hes power it's like 10%. Imagine if hes power will be 100%? I think for now a lot of people in the world dont know nothing about Crypto.


Title: Re: This is why the ICO & bounty era is almost over
Post by: erichall on April 10, 2018, 07:51:34 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

Definitely agree with this. And it's a good thing. We need a purge of the JUNK in this market. There are too many worthless tokens being thrown around. Time for them to finally die out.


Title: Re: This is why the ICO & bounty era is almost over
Post by: pey on April 10, 2018, 07:52:03 PM
This is really good for the market, I think we have very enough amount of projects now. But people cannot realize that this $250B market cap built by lots of trash ICOs will not be sustainable while lots of projects crashing.


Title: Re: This is why the ICO & bounty era is almost over
Post by: DanielRR1997 on April 10, 2018, 07:53:56 PM
ICOs will never end because most of them accept the option to pay with cryptocurrencies like Bitcoin, and is almost impossible to stop people from transferring bitcoin to any investment they want. But of course the ICO's will lose strength because countries are prohibiting their citizens to invest in ICO, or at least deeming they illegal, so they could not count on the legal system if things goes wrong. Of course the legit projects always will find a way to rise their funds and thrive no matter what.


Title: Re: This is why the ICO & bounty era is almost over
Post by: chennappa121 on April 10, 2018, 07:58:28 PM
Yes you are right now days we are getting more and more ico back to back but investors don't now with one is light or scam because some light icos was gone with scam so investors are not coming to invest in ico now days so ppl are waiting to invest in trusted icos.


Title: Re: This is why the ICO & bounty era is almost over
Post by: BitcoinGirl.Club on April 10, 2018, 07:58:31 PM
it's a good eye opener but what we need now is some form of regulatory body that will give some of regulation to new projects and maybe an introduction of digital badges to show the ICO project is authorised to run unlike what we seeing were anybody with the knowledge of creating a smart contract and some money can run their own ico project.


Title: Re: This is why the ICO & bounty era is almost over
Post by: singpolyma on April 10, 2018, 08:17:13 PM
Everything is quite gloomy but not so much, because of the large number of scams, many investors left the market, but not to say that this is totally happening.


Title: Re: This is why the ICO & bounty era is almost over
Post by: tycsols on April 10, 2018, 08:19:17 PM
I do not agree with most of the points, there are both genuine and fake projects available as icos, so its our own duty to analyze critically each project before investing, high quality projects are still coming and it will continue and keep growing for few more years.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptonero on April 10, 2018, 08:24:27 PM
Because most of these new ICOs are just created to raise funds and eventually going to runaway from the investors and hutners ,which is why these ICOs are slowly fading away,we shouldnt be trusting these website reviews,or even these good reviews from the people because even those legit projects can turn into scam if they wanted to,researching isnt enough if these people are professional scammers.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Lernerz on April 10, 2018, 08:26:55 PM
In my opinion, the ICO market will decline. To attract investment in classical start-ups, it is sufficient to invest venture funds. In ICO on 100 projects, only 1 is real. We see that ICO is conducted according to patterns. There are even typical legends. In addition, the classical ICO does not motivate entrepreneurs to issue a real product


Title: Re: This is why the ICO & bounty era is almost over
Post by: GreenPowerRanger on April 10, 2018, 08:35:31 PM
Actually since the corrections is going on, the market for Initial coin offerings does not run very well. So yeah thats true, the most initial coin offerings has issues to reach their softcap. And even when the softcap is reached, they extend the time of the ico to earn more money. So like signals ico. They should end yesterday, but now they extended to the end of april. So you see at the time people are not really interested to invest. But im sure when the bullmarket returns, it will look completly different, and the people who invested in the ico in this time will make good profit too!


Title: Re: This is why the ICO & bounty era is almost over
Post by: Jonsnowstark on April 10, 2018, 08:45:53 PM
You cannot say its over. The whole market is in red. All other coins are bleeding. Yes i would probably agree that there are some icos launched with a project design thats really going nowhere. Maybe some developers are just in it for the money or hurrying it up with lack of research and foundation that's why many tend to fail.but there are also some projects that are really worthwhile but just lacks enough advertisements to survive


Title: Re: This is why the ICO & bounty era is almost over
Post by: david0ikari on April 10, 2018, 08:48:16 PM
This is a little bit fast reaction. Due to the market bear and the high volatility. Investor are stepping away of ICO because, we have a huge amount every month. Most of them are really poor in quality, and also everytime a new project came on the market straight away after the ICO, we saw huge dump, price divided by two. This is not over but a change is going to appear.


Title: Re: This is why the ICO & bounty era is almost over
Post by: matsusomoto on April 10, 2018, 08:51:49 PM
I thought the same,less ICOs are getting successfully initiated and most of these softcapped ICOs are failing to its development which is why most of the investors doesnt want to risk their money anymore,because of these scam projects which is raising funds.Running away from investors most of the time after they got the millions of investments will eventually kill the ICOs.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Crypto__Men on April 10, 2018, 08:53:37 PM
Okay, well, then delete your signature, sell your account, and go work at McDonald's, where you're waiting.
You are a humorist. I liked your answer. He really is not clear what created the subject, which is the pessimist. ICO and bounty will live a very long time, the course has fallen but it will rise, still only begins


Title: Re: This is why the ICO & bounty era is almost over
Post by: ABL Ecosystem on April 10, 2018, 08:55:04 PM
The fake telegram groups are for sure real.  How can you organically create a telegram channel with 25k people in a week? Makes no sense.


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 08:56:16 PM

very unfair and unrealistic assessment of market forces. You need to understand first of all that it's very hard to invest in crypto currencies with fiat right now. Every day press and politicians are spreading FUD, tax liabilities, scam accusations, all fake news and false propaganda to prolong the eclipsed system of banking and fiat money.

Investors are naturally afraid because of legal repercussions in many parts of the modern world reaching totalitarian levels. IRS, SEC, outright bans in many other countries etc.

So there are extremely good ICO projects in 2018, but people are scared and deliberately deterred from investing. Free enterprise always finds a way to flourish, so don't worry, it's just a temporary hiatus as more and more intellectual people understand that the mainstream "politically correct" establishment has become the enemy of the free people.

I partially agree.  For the record: I LOVE the way you can invest in ICO's.  I think it's the way of investing of the future. Period.  But you simply can not deny the fact that there are A LOT of scams out there.  It's not just some fake news spread by scared banksters who see their world/power crumbling down.  That's just not true.

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research of teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing.  

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Grim149x on April 10, 2018, 09:00:50 PM
I don't think so. Legitimate projects will still continue to participate in ICOs to get funding for their projects. Regulations will surely come as too many scams are ripping people of and that is actually a good news as we can find better ICOs without browsing for too much scam.


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 09:01:55 PM
Okay, well, then delete your signature, sell your account, and go work at McDonald's, where you're waiting.
You are a humorist. I liked your answer. He really is not clear what created the subject, which is the pessimist. ICO and bounty will live a very long time, the course has fallen but it will rise, still only begins

Dude, have you actually read what I've said.  I'm not some noob posting whatever comes up in my mind based on 2 months experience with crypto.  I'm in this game for a long time, have read more WP than most of you ever will, have been in contact with ico-teams and saw a lot of 'funny' things happening, have seen an undeniable evolution in ico's that a lot of early investors of crypto have noticed too.  So don't try to summarize what I'm trying to say by generalising some feeling/hope that 'the course has fallen but it will rise' because for most ico's it won't for the reasons I have mentioned thoroughly.  I have witnessed about 7-8 ico's closely that were scams (luckily I haven't lost money on them as a whole)  and I can see that their number is increasing day by day.


Title: Re: This is why the ICO & bounty era is almost over
Post by: grknondr on April 10, 2018, 09:02:27 PM
Nothing is over, dont lose heart just yet. Even though people can empathize, its pointless raving and ranting like a petulant kid, each time someone snatches the lolly in your hand.

Easy now camper...  I'm just pointing out some problems we're facing with ico's.  Every single problem I've listed has been discussed before and are taken in account for investors when investing (or not investing).  Many of these problems could be solved when there would be regulations.  Let'stalk about those, in order to be a bit more constructive since you're all thinking I'm some depressed kid who bought into some ico and got screwed  ;D

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)
I am not sure if such restrictions are established but evet they are not, your ideas are interesting and further ideas must be taken into consideration.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Angel0 on April 10, 2018, 09:08:35 PM
Some points are real and when it hits the nerves, it hurts, but due to fake and scam ICO who are just here to collect money and then runaway, it does affect the sales that you've mentioned above, if 90%of ICO are all successful then buying tokens are not a problem until today.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptomorphines on April 10, 2018, 09:16:29 PM
Most of ICOs are scams ,even if you have researched well most of the team will only give you linked in profiles which is bullshit because anyone can claim they are these professionals etc, which in reality they are bunch of shit people who will steal millions of people! these bastards shouldnt be trusted because investors doesnt want to invest anymore because of these scam projects.


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 09:18:16 PM
Some points are real and when it hits the nerves, it hurts, but due to fake and scam ICO who are just here to collect money and then runaway, it does affect the sales that you've mentioned above, if 90%of ICO are all successful then buying tokens are not a problem until today.

True but I think we are at that point where 90% were successful (bull market/bubble) and a lot of 'thugs' noticed how easy it is to collect peoples money.  A lot of people saw (too late) what happened with all these ico's: you invest 1 eth when eth was $350, two months later you get 10 eth with eth being worth $1k.  Big profits, who wouldn't invest?  Then the market turns red, a lot of people have bags of ERC-20 tokens that don't have a reason to exist and nobody is buying the tokens above ICO price IF they even hit exchanges.  So this is a turning point where a lot of investors will get scammed, the crypto community will get a reputation of some naive wild west were a lot of stupid people get screwed until the day regulations will come.  then at first most scam projects will die, and then (and not sooner) things will get interesting again for investors (since ICO/blockchain investments ARE interesting IF the scammers don't take over this scene.


Title: Re: This is why the ICO & bounty era is almost over
Post by: ceferov on April 10, 2018, 09:28:59 PM
Some projects sold hard cap in seconds. that was a crazy time. now it's a bit hard time for crypto and no one wants to participate  on ICOs with BTC $6.5k or ETH $500. People mostly prefered to participatte after big earnings


Title: Re: This is why the ICO & bounty era is almost over
Post by: Johnnywelsh on April 10, 2018, 09:33:30 PM
Your comment about Googling developers and not finding any historical projects or news about them, how many coders tend to use alias when contributing to repos or have never made their stuff publicly available?

If you Google alot of the devs behind alot of the big Internet sites and apps I doubt you'll find much historically about them.


Title: Re: This is why the ICO & bounty era is almost over
Post by: koralan on April 10, 2018, 09:34:19 PM
Some points are real and when it hits the nerves, it hurts, but due to fake and scam ICO who are just here to collect money and then runaway, it does affect the sales that you've mentioned above, if 90%of ICO are all successful then buying tokens are not a problem until today.
This is a very difficult period for the entire cryptocurrency market, so most ICO projects extend the time to sell to attract more investment and bounty campaigns are stretched out compared to the original. But I think this is a common problem for the whole market, when everything is stable and green again, ICO projects will grow as strong as before. I am always optimistic about the potential of the cryptocurrency market.


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 10, 2018, 09:50:08 PM
Your comment about Googling developers and not finding any historical projects or news about them, how many coders tend to use alias when contributing to repos or have never made their stuff publicly available?

If you Google alot of the devs behind alot of the big Internet sites and apps I doubt you'll find much historically about them.

An alias is not a problem.  IF the alias has something worthy publicised.  But don't pretend to be a major player in the 'real ICT world' let alone banking when you can't even prove you have actually worked ANYWHERE EVER with your "name'".  I'm not talking about a wikipedia page, I'm talking about ANYTHING.  I'm not even in the IT world, have a regular job and no need of many connections and still I'm found on numerous places when you google my real name.  It's not normal that some dudes acting out like they're the new Elon Musk but can't be found on the internet.  The fact that legit projects have teams that are to be found proves the point.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptoheroin on April 10, 2018, 09:58:07 PM
I totally agree,ICOs would come to its end for good because these scammers wont have any chance in the future because less people are willing to invest to these projects as most of these ICO are scams,or some of them are turning into scam after some good times has passed.Never wanted to see people getting scammed by these bastards,that is why it is better to be permanently banned!


Title: Re: This is why the ICO & bounty era is almost over
Post by: kendra1107 on April 10, 2018, 10:46:37 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

very unfair and unrealistic assessment of market forces. You need to understand first of all that it's very hard to invest in crypto currencies with fiat right now. Every day press and politicians are spreading FUD, tax liabilities, scam accusations, all fake news and false propaganda to prolong the eclipsed system of banking and fiat money.

Investors are naturally afraid because of legal repercussions in many parts of the modern world reaching totalitarian levels. IRS, SEC, outright bans in many other countries etc.

So there are extremely good ICO projects in 2018, but people are scared and deliberately deterred from investing. Free enterprise always finds a way to flourish, so don't worry, it's just a temporary hiatus as more and more intellectual people understand that the mainstream "politically correct" establishment has become the enemy of the free people.
This only proves the risks which are embedded in this system. We tend to expect things to go the way we want them to. But in reality, there is no easy ride. There will be bumps along the way (almost endless in fact) as things now a days are dynamic whether for good or bad. Do we stop when we hit a bump? We shouldn't! Coz the only way we can reach our destination is if we keep on moving forward. It's a rough road as the old saying goes. Even a sail on the waters can be rough at times. We can get tired, exhausted, beaten up, even frustrated along the way. But what reward will we receive if we allow ourselves to be drowned by these.

OP has stated some facts which we should have embraced from the beginning since volatility has in fact been emphasized from the start. So whatever situation the market or these ICO's are in at current, should have been foreseen. Meaning, if you decided to jump in, whatever the outcome, it's on you.


Title: Re: This is why the ICO & bounty era is almost over
Post by: junjunsalsalani on April 10, 2018, 10:54:39 PM
I have the same thoughts,these ICOs are going to come to its end if these scammers wont stop to what they are doing ,these are destroying cryptocurrency's credibility to the people,by spreading shit scam projects and those newbie investors will spread that cryptocurrencies are scams that is how i see the market will collapse as most of the investors will leave!


Title: Re: This is why the ICO & bounty era is almost over
Post by: bulbolitobayagyag on April 10, 2018, 10:57:53 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

These are just the facts on how worhtless these ICO investments are,these people are just getting millions of dollars from the investors which is why new investor are too scared to put their money into our market because they know how these ICOs are going to do with their money,ICOs should collapse and permanently banned !


Title: Re: This is why the ICO & bounty era is almost over
Post by: Inspector2580 on April 10, 2018, 10:58:40 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

EDIT: (since most posters only read the OP):  That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing. 

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.


In as much as one some of the points above are not really valid when it comes to a startUp wit new entreprenuers, you do have an undeniable and valid point. There are too many fake folks out there.

Also there are no private investors. I have long known the pre-sale to private investors is just a big wash. also they pre-sale is a way to create dumps and hurt a project.

You are right. very very right.


Title: Re: This is why the ICO & bounty era is almost over
Post by: dominasikoin on April 10, 2018, 11:11:39 PM
Every statements you said are correct, but it's still doesn't meet my perception that ICO & bounty era is almost over, it's because as long there is still a network connection, investors, bounty hunters, developers, and the ICO itself, it will still going on and on and on, it won't over yet for me.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Vispilio on April 10, 2018, 11:12:05 PM

very unfair and unrealistic assessment of market forces. You need to understand first of all that it's very hard to invest in crypto currencies with fiat right now. Every day press and politicians are spreading FUD, tax liabilities, scam accusations, all fake news and false propaganda to prolong the eclipsed system of banking and fiat money.

Investors are naturally afraid because of legal repercussions in many parts of the modern world reaching totalitarian levels. IRS, SEC, outright bans in many other countries etc.

So there are extremely good ICO projects in 2018, but people are scared and deliberately deterred from investing. Free enterprise always finds a way to flourish, so don't worry, it's just a temporary hiatus as more and more intellectual people understand that the mainstream "politically correct" establishment has become the enemy of the free people.

I partially agree.  For the record: I LOVE the way you can invest in ICO's.  I think it's the way of investing of the future. Period.  But you simply can not deny the fact that there are A LOT of scams out there.  It's not just some fake news spread by scared banksters who see their world/power crumbling down.  That's just not true.

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research of teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing.  

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.


I thank you and also kendra1107 for your valuable feedbacks. It's definitely true some con artists tried to piggyback on the crypto craze and came up with completely fake ICO projects; however these are not that difficult to spot, and I would also argue not statistically more prevalent compared to the percentage of scams in traditional venture capital and startup investments.

One obvious litmus test, which you also brushed upon, is the visibility and presence of the team. Prior to participating in an ICO or even Bounty, try to reach out directly to one of the founders of the project. If he responds genuinely and within reasonable time frame, and if his credentials check out, it's a pretty strong indicator that the team is legit and active. 99 % of all scam ICO's have anonymous team or so thinly veiled fabricated stories that it falls apart completely upon even a brief glance into the career / CV of the owners...


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptotitan on April 10, 2018, 11:15:03 PM
Yes it is,because most of these are scams and just created just to fool investor and will eventuall runaway! never invest to these projects because 9/10 of these ICOs are turning into scams after sometime,never have a good bounty from the past few months and it should be the reason why most of the investors wont invest anymore.


Title: Re: This is why the ICO & bounty era is almost over
Post by: mast3rm1nd on April 10, 2018, 11:18:31 PM
I don't think it's fair to take the state of ICOs now without considering the cryptocurrency market. it is a bad time for everything even if it it a good project. however I don't disagree with you completely, I guess that it's just too early to tell if ICOs are a thing of the past with the current state of the market. you can't be sure about anything


Title: Re: This is why the ICO & bounty era is almost over
Post by: makuhpal on April 10, 2018, 11:19:31 PM
You are indeed right these might come to its end,the investors doesnt want to put their money because of these scam projects all over the community,researching wong secure your investments because these people are very good in hiding informations about themselves that is why it is harder to tracked these people.


Title: Re: This is why the ICO & bounty era is almost over
Post by: fanhuaijiao713 on April 10, 2018, 11:23:33 PM
Now investors are smart, and the fake ico is hard to get money out of!

The excellent ioc project still gathers a large number of investors, and its bounty also has a lot of bounty hunters working!

The bounty and ico won't end!


Title: Re: This is why the ICO & bounty era is almost over
Post by: CryptoEnthused on April 10, 2018, 11:23:37 PM
Most ICOs always were BS and scams. But now there are too much of them and it's really hard to find good ones. Maybe that gives you such an impression about ICOs. And by the way, I see that you're carrying signature, that means you didn't lose hope completely. That means you still believe in some ICOs.


Title: Re: This is why the ICO & bounty era is almost over
Post by: justine11 on April 10, 2018, 11:39:26 PM
I think this might a wake up call to investors that you must choose you ICO wisely or else say goodbye to your money because of scammers they smeared the name of ICO just to steal money from the people. Now we don't know what is legitimate ICO or not and also this is why big companies like google facebook and twitter banned  cryptoads in their platforms


Title: Re: This is why the ICO & bounty era is almost over
Post by: oneidentity on April 10, 2018, 11:46:01 PM
I think that the era of bounty is not over but it is just beginning. Only campaigns will be conducted not in the form in which they exist now. I think that all of us in the near future are waiting for change.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptopan on April 10, 2018, 11:47:50 PM
Agreed,ICOs should come to its end because most of these projects are just created to scam millions of dollars from the investors the true meaning of initial coin offering is long dead,its all about the money which is the main reason why most of the scammers are joining the ICO business because that is where the money goes we should be more careful about these potential scams.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptopussies on April 10, 2018, 11:52:20 PM
I do think the same,these ICOs are going to be more unrealiable less chances of getting success even if they are legits becuse 95% of these ICOs nowadays are failing because of lack of vision,team member sucks and most importantly these ICOs are looks more scheme than a initial coin offering and investors doesnt want to invest anymore because of the high risk of getting scammed.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptopusa on April 10, 2018, 11:57:05 PM
Totally agreed , these ICOs are slowly getting worthless because most of these projects are scams projects are being to obvious,most of it doesnt really needed some blockchain technology,which is why it would be much better if these SCAMS will be stopped,so that most of the new investors wont hesitate to invest into trading or mining.


Title: Re: This is why the ICO & bounty era is almost over
Post by: TheClownSong on April 11, 2018, 12:10:15 AM
KYC need now for many bounty because many ICOs became scam project. I am still believe bounty is still needed because new ICO must be need promoted and bounty hunter help them to spread the word about their project


Title: Re: This is why the ICO & bounty era is almost over
Post by: katixrecamara on April 11, 2018, 12:24:01 AM
I think that the era of bounty is not over but it is just beginning. Only campaigns will be conducted not in the form in which they exist now. I think that all of us in the near future are waiting for change.

Yep! It should not be over, high potential can be offered by ICOs. But only ICOs that are legit with good prospect and good products.
I agree changes should be made to avoid getting scammed and hamper the development of this shitty ICOs.
It is very disappointing actually  to have joined and invested in these scam of ICOs.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Noobaru on April 11, 2018, 02:01:45 AM
I'm not in the whole bounty hunter game so long that I could give my objective opinion on the matter, but while reading about how things stand on this forum at the moment, I can agree with some of your statements. There are definitely way too much ICOs coming out everyday and that to be honest, aggravates me, because I can't keep up with them and I have a huge backlog that needs to be cleared soon. And those Telegram groups with more than 20k members are just stupid, I agree. They usually consist of only "Hi" messages and notifications of people joining and some admin activity from time to time. Pointless. But hey, keep at it, chin up, we will succeed. Market will recover and our hard work will be paid off. We need to stay positive.


Title: Re: This is why the ICO & bounty era is almost over
Post by: marginal on April 11, 2018, 09:38:47 PM
Agree with a guys above, you are way to much negative, the situation is not so bad, we all believe, that the market will go up, and old times will be back again


Title: Re: This is why the ICO & bounty era is almost over
Post by: koralan on April 11, 2018, 09:42:40 PM
ICO projects will continue to be the growth engine of the cryptocurrency market as it helps diversify the market and new ideas are realized through successful ICO projects. Bounty campaigns will also exist with ICO projects and will not be lost. Within two years of entering the cryptocurrency market, ICO is the investment trend that I value most because it is sustainable and has real value for the starup that needs to invest.


Title: Re: This is why the ICO & bounty era is almost over
Post by: vrabac68 on April 11, 2018, 09:58:24 PM
You are right but still there are couple of them that have utility token that will be used in daily life and one of the problem is bear market where we are now.Hope all will change next month.Once crypto goes up people will invest in ICOs


Title: Re: This is why the ICO & bounty era is almost over
Post by: gerjiss on April 11, 2018, 10:04:20 PM
I agree with you, really now bounty though becoming more popular, but their value for people who want to invest in ICO, or just to participate in the bounty becomes every day less.


Title: Re: This is why the ICO & bounty era is almost over
Post by: cryptotnak on April 11, 2018, 10:12:59 PM
I totally agreed,we shouldnt be supporting these ICOs anymore because most of these new projects came from scammers that is why it is risky to invest in ICOs than trading blindly because these scammers are working professionally and you cant find any holes from these campaigns,theres no assurance from the cryptocurrencies nowadays.


Title: Re: This is why the ICO & bounty era is almost over
Post by: boyjackyou on April 11, 2018, 10:17:13 PM
Agreed,ICOs nowadays are failing because most of the people are too scared to invest because of the potential scams in our community,most of these new campaigns are just created just to raise funds and will eventually will abandone most of the investors with nothing,that is why we should be enjoying the years of ICO's existence.


Title: Re: This is why the ICO & bounty era is almost over
Post by: abake on April 11, 2018, 10:19:39 PM
I agreed with the author absolutely but the fact remains the market is bad rite now and not good time for ICOs and to that of bounty, it’s glaring if the ICO didn’t reach their hardcap, the bounty would be affected but everything will surely come back to normal once the market come back to normal. Thanks


Title: Re: This is why the ICO & bounty era is almost over
Post by: komawei on April 12, 2018, 01:53:04 AM
It is undeniable that the main reason is that the market has been hit, leading to a fall in prices, and no one is willing to expand the scale of investment. They would rather change it into a stable dollar.


Title: Re: This is why the ICO & bounty era is almost over
Post by: xiaoxz on April 12, 2018, 02:01:14 AM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

EDIT: (since most posters only read the OP):  That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing. 

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.

You are too powerful, I admire you for doing so much analysis, and you read so many whitepapers, so your point of view is very useful.
I don't know if you have your own telegram channel, I would love to join.
Thanks.


Title: Re: This is why the ICO & bounty era is almost over
Post by: frroody on April 12, 2018, 02:23:06 AM
Well, then that the era is over, do not agree. But the fact that it's harder to earn now is a fact. We just need other methods of attracting people, which will be safer and more difficult to forge fraudsters.


Title: Re: This is why the ICO & bounty era is almost over
Post by: otreza on April 12, 2018, 07:01:53 AM
Fakes, Frauds, Scammers - these are the new ICO realities. And that is very sad. It was an interesting thing.


Title: Re: This is why the ICO & bounty era is almost over
Post by: matico on April 12, 2018, 08:58:00 AM
I think we should not become paranoia, the ICO  especially exceptional crowd funding system have not even started, we are yet to even scratch the suface of this totally new and effective way of raising fund! We should also not be to hard on the operators of ICO! We should remember that this is pretty new and it 's evolving. When it's mature, all these little hicup would be no more!


Title: Re: This is why the ICO & bounty era is almost over
Post by: bandar on April 12, 2018, 05:31:21 PM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

EDIT: (since most posters only read the OP):  That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing. 

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.

You are too powerful, I admire you for doing so much analysis, and you read so many whitepapers, so your point of view is very useful.
I don't know if you have your own telegram channel, I would love to join.
Thanks.


Thanks.  I don't have my own Telegram channel (that would make me a hypocrit given what I just said about Telegram and deleting the bunch lol).  But I do think about making my own Slack channel with people doing the same as I do. 

I would make a slack channel with the principles of:

- Not trying to make money with it in any way (no shilling, no spam, no P/D, no lobbying)
- Pointing out possible scam ICO's I (we) come across without having to spread those accusations in the open (BTT).  I don't want some maffia chasing me lol.
- Pointing out  possible very interesting ICO's that do look bonafide.

I'll let you know when I release that.  ;)


Title: Re: This is why the ICO & bounty era is almost over
Post by: CriptoNata on April 17, 2018, 03:49:18 AM
This is absolutely wrong! Nothing has ended but is just beginning, we are at the very beginning of the journey.


Title: Re: This is why the ICO & bounty era is almost over
Post by: snapee11 on April 17, 2018, 03:56:18 AM
I was thinking on writing a post like this but you already did LOL. I'm afraid to say this, scam ICOs are dragging the crypto down gradually


Title: Re: This is why the ICO & bounty era is almost over
Post by: MMysterious on April 17, 2018, 03:58:45 AM
I don't care if bounties will end though. I am more interested on serious talks especially the coins in my portfolio in order to assess it better. Too many nonsense posts spamming are getting ridiculous. As to ICO ending soon, I don't think so as there will be people that can think and make better than some of these current crypto currencies. Although I hate scams and lately I didn't invest on any ICO yet.


Title: Re: This is why the ICO & bounty era is almost over
Post by: minhdang2212 on April 17, 2018, 04:01:21 AM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

EDIT: (since most posters only read the OP):  That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing. 

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.

I agree with you now ICO too much, although I only joined this market from August in 2017 but I noticed the ICO in 2017 and the ICO in 2018 has a lot of difference.


Title: Re: This is why the ICO & bounty era is almost over
Post by: babsjoe on April 17, 2018, 04:01:35 AM
ICO is not over! I am sure less than 1% of world's population even know what ICO is all about. And if ICO  is not over, you can be sure bounty campaign is not over either. Campaign is one of the way to bring to notice of  would be investors!


Title: Re: This is why the ICO & bounty era is almost over
Post by: 01asd on April 17, 2018, 04:07:56 AM
I don't care if bounties will end though. I am more interested on serious talks especially the coins in my portfolio in order to assess it better. Too many nonsense posts spamming are getting ridiculous. As to ICO ending soon, I don't think so as there will be people that can think and make better than some of these current crypto currencies. Although I hate scams and lately I didn't invest on any ICO yet.
I am afraid that I cannot say about that for sure. All bounties and ico always have different purpose and their uniqueness. So you cannot compare and classified all ico and bounties into one thing only. This ico and that ico may be different. So maybe, not all ico and bounties are going to end. There are a lot of opportunity that exist in this kind of thing. You can promote anything using ico and bounties, especially signature campaign. You cannot just promote ico or some new altcoins, but you can also promote something else such as website, cloud mining sites, and other development of btc and this world of crypto.


Title: Re: This is why the ICO & bounty era is almost over
Post by: shana95 on April 17, 2018, 05:14:39 AM
I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

EDIT: (since most posters only read the OP):  That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole  ;D (no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing.  

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.

Yes, There is something to think. But i don't thin bounty era becoming end. but I agree with that you talking about. I also saw some ICO programs. runs by very young people. and they say they are experts in the field and no working products. only concept. Yeah, community-scale can't measure ICO strength. Because of 1 or 2 airdrops and giveaways enough to boost community scale to 20,000+. Project good or not it doesn't matter to them. They are joining. The official Web page also same. any good designer can design a professional website easily. But I trust websites which have good web ratings and good traffic level. I agree with you they can manipulate us using fake ICO details. Some project starts very actively. after the weeks and months, no any updates from the team. Last time I saw bitcointalk thread describe how to get scammed. here is steemit article. https://steemit.com/scam/@moonjelly/how-to-create-an-ico-scam-in-5-simple-steps (https://steemit.com/scam/@moonjelly/how-to-create-an-ico-scam-in-5-simple-steps)

But I believe ICO programs which have already working product for a long time. The can be trust mostly than a project only depend on a concept or future product. Advisory board also good... I think an Expert advisory board is good to trust ICO. Those advisors easy can find on the internet and easily find information about them. Are you think they support to scam ICOs only for a money? These are the points I use to filter scam project. I would like to have your opinion on it. thanks


Title: Re: This is why the ICO & bounty era is almost over
Post by: Coin_in_the_pocket on April 17, 2018, 05:40:16 AM
I think you are too strict towards a Bounty. In the near future, they will start filtering all the information. But the Bounty campaign will flourish. :)


Title: Re: This is why the ICO & bounty era is almost over
Post by: markint on June 14, 2018, 08:39:08 PM
I do not believe that the ICOs are reaching a terminal stage of their existence, because the business model has proven to be successful and still has a lot of potential to finance projects that otherwise would face serious problems to see the light.

However, as is often the case in any innovative and developing business model, greater control and regulation may be required at a given time to allow investors greater protection of their investment, leaving professional fraudsters and money laundering out of business, so KYC measures seem to be a good first step.


Title: Re: This is why the ICO & bounty era is almost over
Post by: Gelesko on June 14, 2018, 08:52:06 PM
did u loose some coin ,ur talking like someone who lost large some in a coin.U know it that what ur talking aint real tho

No and in fact I'm in the crypto game since 2014.  I've done a lot of ico's,especially last summer when it was an excellent time for buying them.  I sold most of them with good profits during december/january.  And that is exactly the reason I'm posting this.  things have changed wether you like it or not.  Name one thing in the list I posted that isn't true to some extent?  It's all happening, every thing I mentioned.  I'm not saying no ICO will be succeful in the future, but just look at the altcoin announcement section and compare that to 2 years ago...  Not even mentioning the complete BS-ico's with people who don't even take the time/effort/hire people to write in proper English.  Some sites look like they were designed in Paint in 2005...
Your post is good to read at the beginning, but then I noticed couple of things that I don't agree with you on.
How much Bitcoin and Ethereum was worth in 2014? It was way cheaper, then today. ICO's was selling out in minutes, as there was a big gap in the market, you could say it was a monopoly in crypto market, big boom and lot's of money coming in, thats why they were sold out! Whereas today people don';t invest in new projects, as they got all invested what been in the crypto market earlier! We need fresh investors (blood) and all this news about regulating spooked everyone off. We are (investors in crypto) are currently in good position  for long term investment and please be patient for your profit, all markets have their ups and downs, so don't panic


Title: Re: This is why the ICO & bounty era is almost over
Post by: FillJaS on June 14, 2018, 08:52:41 PM
Unfortunately you are right.
But I do not agree that this is the end. Just a new reality with which we need to accept.
We can try somehow to change this, but how?
Services that evaluate the new ICO often manipulate the ratings themselves.
Every investor will have to spend a huge amount of time for research.
Now I dont see any other way.


Title: Re: This is why the ICO & bounty era is almost over
Post by: olsyd on June 14, 2018, 08:59:30 PM
I think we will see a rise of ICO and bounties when the market starts growing up, I know it is not easy to believe in that but I'm sure it will be


Title: Re: This is why the ICO & bounty era is almost over
Post by: Rozita on June 14, 2018, 09:31:47 PM
I think we will see a rise of ICO and bounties when the market starts growing up, I know it is not easy to believe in that but I'm sure it will be

The problem is not market. The problem is the number of scam projects that are increasing day by day. This cause people to not trust ICOs.


Title: Re: This is why the ICO & bounty era is almost over
Post by: mabell943 on June 19, 2018, 03:31:50 PM
I think the ICO and bounty is not over, there are lots of people will try to ruined that and they will spread fake news or information and we should not to believe on them instead we should support it.


Title: Re: This is why the ICO & bounty era is almost over
Post by: AravinthP on June 19, 2018, 03:39:09 PM
will have to agree. Also these days there is no ico worth investing