Bitcoin Forum

There are lots of projects who launch their pre-pre-ico and highly advertise their product before they start their first stage of pre-ICO. Do you think it's justified?

Things are getting ridiculous in my opinion and this is why I am predicting a huge crash for altcoins and icos in particular, things are getting out of hand, this is very similar to what happened in the dot com bubble where there were companies raising tens of millions of dollars and anyone with a brain knew it was impossible for that business to get any profits and people still invested their money there, icos already had stages where you received bonuses depending on how early you invested, then they wanted you to go through KYC, then they added whitelists and now this, every day icos are making it easier my decision to walk away and to not invest in them anymore.

It's an interesting opinion. What do you think about the concept of ICO? As for me, I think that this concept is lost. it seems that all the borders of understanding what is real ICO and why the market needs it are blurred. The idea, for which ICOs were originally created, doesn't work anymore.

In fact, can the project become successful if not advertise it at all?

So many stages only makes it more complicated and time consuming for users, which in return can demotivate them to invest further or look up to ICO, be it a benefit for early users, but no one likes a a lengthy procedure. So ICOs should be careful in placing their business strategy.

This is, to be honest a waste of time and energy. It would be better if they just stop trying so hard to promote things like this and would just work hard on the projects instead.

ICO is a reliable platform to invest on crypto but now-a-days  many ICO projects as scam and it’s advertisement attract newbie to invest that’s really ridiculus I think. So be careful who are new here.

That is also a valid question. The word has to be out.
If I am to make my ICO, I will also make it loud and advertise it in advance to check whether there are interested investors that will somehow make connections whether we are allowing private investors. Its a good strategy assuming its not a scam team. I will even advertise here in the forum and on google adwords if not forbidden. Budget wise. When there are funds collected on Pre-ICO, those funds will probably be used for the signature campaign here in the forum and on article campaign.

but on the other hand, when it takes so many stages, users can follow all the process and see the progress of the project. So it can have more credibility. And projects that are created just for a quick ICO don't look so trustworthy, I would say that most of they look like scams. Don't you agree?

yes, because in pre-ico, I believe that you will determine if there will be a lot of investors are interested in an ico if during they will be able to succeed during their pre-ico stage.

Hi there WhatsOnPic_PR!

So far (on a very personal basis), i haven't encountered a pre-pre-ICO till date.

What i saw was private sales before a pre-ICO.  Having a pre-pre-ico might really be bad for the business as of the moment when trust is not established among many other ICOs.

My apologies, but it do think it's not justified till rate.

It is completely unnecessary. I understand a pre-ICO or private sale for big backers and what not, and it also helps as a marketing tool for the ICO to come (it generates hype), but launching a pre-pre is completely unjustified. To me it seems like they are trying to scam people earlier with the excuse of an upcoming ICO that in many cases won't even be launched.

The first thing I felt was that they were ICO organizers who really needed investors because their tokens or coins did not sell, so they pre-pre-ICO

the second thing is this is very funny, if at this time we already know pre-ICO maybe someday we will get to know pre³ICO or pre⁴ICO, it is very funny and sounds imposing. It's better to just avoid ICO like that.

Crypto space is getting congested, there are lot of ICO's coming up with already existing technology with promise of doing it in better way. Most of the ICO's I have seen has ended being traded below ICO price. One must be carefull while investing on a project.

They introduce the community to their idea and project. The main thing is to warm up the audience well, then it will be easier to sell your tokens!

Hi bitcoindusts!
Thanks for your reply. It was interesting for me to know what people think about such pre-pre-ico on this forum as I know that there are lots of professionals here. I came across some articles on the web with recommendations to do pre-pre-ico. But it was mainly about advertising and not token sale. So pre-pre-ico was meant to be something like to work on planning campaigns and introducing the project to the audience. That was the idea of those articles. I just wondered if there is pre-pre-ico for token sale. I think if it is, it's not justified and such projects more likely to be scam. But I believe that introducing the project before pre-ICO is a good point.

The ICO pre-sale or pre-ICO is just another shit concept. I don't know why people even invest on those project. They sure to give out tokens in cheaper prices during ICO pre-sale, but to be honest it is totally not required at all. Scammers end up getting easy money twice, once during the pre-ICO sale and another during the main ICO sale. This attracts more greedy scammers after people fall for it successfully.

Often these projects are a lot more difficult to invest in because they are in a more infant stage that the ico projects, however the bonuses can be very lucrative.  Keep in mind that your money will likely be locked up for a long time though.

By this you want to say that you've never participated in any ICO pre-sale and never conducted such pre-sales or any ICO?

I think that is a strategy for conducting market tests. If the pre ICO is quiet or even less interested, then they will of course delay the ICO or stop the ICO. But of course this will also be a waste of time and energy because I think the ICO project is gambling, where they risk their vision and mission with a great hope that investors will want to finance their projects

I think the ICO's that have pre-pre sales and pre sales are just giving out too many bonuses that could only hurt the project when these early buyers decide to dump their coins when it is listed on the exchanges.  Those who purchase late and do not receive any bonuses will suffer from financial loss.

As I think pre-pre-ICO = private sale that you need to apply to be able to join private sale that you can buy token with much cheaper price than pre-sale or crowdsale :))). I think it's really normal when an ICO project wanna advertise their project before running pre-sale. They just wanna create a big community first then it'll help their ICO finish much faster :).

You should know that getting in private sales/deals now is really of no use. Because at the end of the day when the token is listed on an exchange, the price will take massive beatings down. Those 5-30% bonus would then be of little to no help to you as you'll only end up getting rekt. The ico space isn't something I'm touching anytime soon. VCs are just getting the deals and dumping it on the average investor.

It's ridiculous i suppose and why? that gives a lot of unstability to the price of the token. Remember there were dozens of icos have been doing a lot of pre-sale with a huge bonus and this will make the investors will try to think that the ico price should be the pre-ico price. That's why majority of the pre-ico was dumping it.

In my opinion, there are two reasons why they launch Pre-ICO. First, Pre-ICO help them understand the needs of investors, if it quickly sells in Pre-ICO, it is good news to know they are on the right track. direction. The remaining projects are selling their tokens in the Pre-ICO phase without the ICO, as Pre-ICO are mostly large investors.

I think this type of ICO's will not have a succes because you can't have a pre-ico of a pre-ico so it's kinda funny what people started to do in order to catch some extra money. Personally, I would stay away from this pre-pre Ico's because investing into them involve a huge huge risk.

Considering the pre-ICO timing, if you have the opportunity to invest at this time, the high probability will be profitable because now that the ico Token is launched, the rate is always lower than the ICO. Having a chance to buy Token at private rounds and pre-ico rounds is a great opportunity, entirely not to be missed.

I don't really  like the idea.  Seems absurd actually.  I feel like its more of a marketing gimmick situation than a serious coin.  They should have a well thought out ICO and go from there.  Doing a pre-pre ICO will make me look elsewhere to invest. 

Pre-ico is the way of a project to know if they will get a support from the people but sometimes is not good to have pre ico because it takes time to project to get their goal.

There are successful ICO's  and for some did not really make it that far. Pre-ICO is when the sale of coins before the official crowdsale where there are some offering % discount to the early investors. I believe that there are good ICO's in the crypto market and all you need to do is just to do a research for the best legit ICO that you may be planning to invest.

I don't think that's reasonable. ???
At present, ICO still needs some legal restrictions, but most ICO is in a state of chaos.

When the market evolves, new things come. As Crypto space is not regulated as it is based on a decentralized concept, it is really nearly impossible to control this pre-pre ICOs, Scam ICOs, dummies, and fakes etc. We cannot justify them well except for making our opinion on it what we are doing now. These things making crypto- space more complicated though these are the signs of the evolvement of ICO market.

Though ICOs are making this phase available for the early investors who will definitely gain more profit than investors who joined later but the current situation looks like, people are getting annoyed with so many stages and levels of an ICO which are meant to be nothing but their business strategy. If this situation persists, many people will start losing their interest in ICOs.

This is a strategic way for companies to raise funds and that’s all. They just provide a small amount of bonus in different stage of their crowdfunding to attract investors before the public sale goes live. But it is actually a matter of joke that they are adding new terms to ICOs to raise funds. We must read their whitepaper properly and check if the team is actually good and experienced, whether they have the ability to bring profit from the project.

It sounds like a typical money collection. If team can't get money for beginning marketing, they won't create successful project. It is hard to create something amazing and worthwhile without money.

Though there are good ICOs available but many useless, less credible and poor concept based ICOs are trying to squeeze money out of their investors by introducing such phases which is just making the whole ICO scene complex and confusing. Recently, there has been news of KYC getting mandatory for all the ICOs, which will also create a fuss about fraudulent ICOs stealing people's identities and making a profit out of that for themselves.

Sure, those who purchase late will suffer because they could earn more if they bought coins during pre-sales. So pre-ICO gives great opportunities to earn more. But investors should learn and understand the project well before they decide to invest because there are lots of ICO projects that turn out to be not profitable.

It could be just a scam trying to let themselves look more professional or something, the ICO stage is enough to promote a project.

Before, some ICOs are running for only 1-2 months or lower, but now you can encounter an ICO that runs for almost 6 months but you got nothing, just leaving you a shitcoin after they have done their timelime. And this kind of PRE-PRE-ICO is another wasting time, the projects had this just want to make sure that they can get more money before someone notice that they are soon to be scam. Now a days there are no good ICO, they are all scam.

Pre ICO is good chance for big investors, This stage is for early investors who believe in the project and want to invest big amount, because the minimum investment required for this stage is very high, up to thousands USD, ICO also give big bonus for their investors. If the ICO is success, those investors get get a lot of profits.

I think it's ok, they call it "seed investing". It normally occurs 2-3 months or more before pre-ICO.
While they are given huge bonuses, it's also justified as they are taking LONGER RISK and their funds are tied longer compared to pre-ICO and ICO participants.
The tokens on seed investing may not even hit the an exchange in 6-10 months or even longer.

Do you think it's esential to add an ICO project to some ICO trackers for this period of seed investing?