|
Title: How would you view an ICO project if it was launched by an accredited lawyer? Post by: marcayden on May 08, 2020, 07:02:21 AM Hey there everyone,
Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: batang_bitcoin on May 08, 2020, 04:46:02 PM Hey there everyone, How can that ICO prove that he's an accredited lawyer? We saw a lot of these people working behind the team are professionals and with good titles but they tend to be a copy paste names, titles and cropped images.Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Sorry with that loss you've made with that project. That's already a clue that you should find a better investment vehicle in cryptocurrencies rather than getting into another ICO. The advisor thing is really pumping and hyping the project especially if it's a very known person and that guy validates that he's endorsing the project.Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: StatesManG on May 08, 2020, 04:54:31 PM Hey there everyone, Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. I don't know what you mean by a project offering an initial coin offering have an accredited lawyer because there is even no way to prove such accreditation. the best option still remains the initial coin offering until there is a better option. if the project has an accredited lawyer, they can prove that to an accredited exchange Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Denies Distro on May 08, 2020, 09:05:33 PM Hey there everyone, It seems like yes, because in the past I saw projects using accredited lawyers were more enthusiastic and also they could finish hardcap a little faster than regular ico, except that I had never tried an ico that had an accredited lawyer and only chose regular ico and fortunately at the altseason, the ico that I invested in the price of the token was crazy and I got 10x from it, but this time the project was dead and not listing on any exchangeJust a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: shinratensei_ on May 08, 2020, 09:19:05 PM Hey there everyone, Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? The main consideration should be the product or there was a major exchange site that supported it or not. at least if that was running by an accredited lawyer registered in local authorities and I may think if the project must fulfill all of the criteria to be considered as a project that follows the regulation but this will not always bring you HUGE ROI. It will make small difference for me as an investor. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: kindbtc on May 08, 2020, 09:23:36 PM I would not fall easily if they claim that the project is from an accredited lawyer unless I am satisfied with majority of the aspects of the project including the practicality and use cases.
Regarding investing in an ico which resulted in heavy loss later, I think all of us are in same boat and we cannot do much about it, unfortunately all these icos are highly risky and there is no guarantee of profits or even for the recovery of original capital. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: cytpoway121 on May 08, 2020, 11:08:50 PM The truth is that nobody cares about icos anymore, nobody just care.
Almost every crypto currency investor are tired of crowdfunding programs. Let me tell you the truth, even ieos are not selling large again, except it is listed on the biggest exchanges such as binance, kucoin, okex and gateio. Either the ico project has a lawyer, or a judge; it doesn;t stop the fact that it could be fraudulent, so always do your research well and verify that the teams are indeed real. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Yaunfitda on May 08, 2020, 11:30:29 PM Hey there everyone, Doesn't make any difference at all. But if it boils down to trust and credibility, of course 'lawyer' may sway them to invest, but it is not an assurance that they won't scam.Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. It's because it was really the hype, the peak of investors pouring their money and thinking that they can will make a lot of money. Investors mature in the next following years, so they are careful regardless of who are the people behind.Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: ecnalubma on May 08, 2020, 11:55:40 PM I’ve seen a lot of ICO’s fail even if its run by professionals. Some of them came from different industries and sometimes respected companies, so in my opinion it doesn’t matter if whoever runs the project it doesn’t guarantee that certain project will succeed and the risk is still there.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: 4Y078 on May 09, 2020, 01:18:15 AM Quote The truth is that nobody cares about icos anymore, nobody just care. Almost every crypto currency investor are tired of crowdfunding programs. Let me tell you the truth, even ieos are not selling large again, except it is listed on the biggest exchanges such as binance, kucoin, okex and gateio. Either the ico project has a lawyer, or a judge; it doesn;t stop the fact that it could be fraudulent, so always do your research well and verify that the teams are indeed real. He gets it right 8) Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: patz22 on May 09, 2020, 03:03:56 AM Most scam projects are using this kind of scheme, using known individuals even lawyers so that they can attract investors, surely, it is a good thing to have those kind of people but still you will never know until it is the end or once they deliver their product. Some wise investors are taking advantage, let say, going to the hype and once they see the peak they will just release and never come back.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: makishart on May 09, 2020, 03:20:42 AM Most scam projects are using this kind of scheme, using known individuals even lawyers so that they can attract investors, surely, it is a good thing to have those kind of people but still you will never know until it is the end or once they deliver their product. Some wise investors are taking advantage, let say, going to the hype and once they see the peak they will just release and never come back. If the identity of the lawyers have already verified and it may give more guarantee. You must see how blockstack was getting launched by the lawyer and team that gets approval by SEC. that means if that depends on how credible the lawyer. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Anonylz on May 09, 2020, 03:27:25 AM When I come across post like this the thought of crypto regulations come to mind, nowadays people are so scared to imvest in ico because of the fear of getting scammed,
But if the space where a bit regulated, that fear will be less, because all project will be held accountable for any misconduct during the process of their fund raising, if they fail to deliver, they are obligated to refund investors money asap, this way people will feel a bit safe investing knowing if anything goes wrong their investment is secured. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: bgaf on May 09, 2020, 04:40:29 AM Hey there everyone, First is how would you know if his really an accredited lawyer and also, why a lawyer? Does he have knowledge about ICO and blockchain. He maybe a legit person starting an ICO, but that would be enough to have a successful ICO? I think your basis is purely about legality, and that is not the only criteria cause experience with blockchain is needed. In cryptocurrency, its better if the owner have these traits, legal, technical, and financial enough to support his need to launch.Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? Also maybe his legit on website but the truth is he is not that person at all. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Coyster on May 09, 2020, 06:00:07 AM P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. You should have used this experience to learn something about ICO projects, I guess you're thinking here that a lawyer would probably mean straight away that the project is legitimate, even apart from the fact that the team can just clone themselves to be lawyers; even real lawyers can still carry out an ico scams with the ICO team and get away with it, not all lawyers are clean imo.If you continue investing in icos, you'll have more of this experiences than good ROI, i now understand that many bounty hunters and investors just keep testing new projects, hoping they deliver on their promises and whitepaper, you should indulge in other profitable aspects of cryptocurrency industry than doing that, it will only take more effort, but will come with rewards rather than exit scams, shitcoins, pump and dump coin etc. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: jessyj48 on May 09, 2020, 06:03:05 AM Been a lawyer doesn't say anything about what will happen to the project, we've seen many who even lied about their professions just to caught the attention of investors, no matter what the CEO is I care less, all I'm interested in is the quality of the project
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: NavI_027 on May 09, 2020, 06:42:32 AM If that's the case then I might say the ICO will be 100% legit simply because he knew the laws :). Besides, for sure he don't want his credibility tarnished so he won't run a scam for sure. But when it comes to its future, I think being an attorney as a dev or CEO won't contribute so much on the sales. I mean, he is not as popular as other personalities in the industry so don't expect that the prosperity of the project is guaranteed. At the end of the day, it was just another 'promising' ICO ::); high chances for it to become a pump and dump coin.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Stanlo on May 09, 2020, 06:55:47 AM So you want to invest in a ICO project because the CEO is an attorney? Lol im sure you will end up losing your money, in 2018 many investors invested in projects that had popular advisors or popular team members but after sometimes things end up pretty bad, still haven't learnt anything? Read again
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: rdewilde on May 09, 2020, 07:08:42 AM To me it doesn't make any difference, whether from an accredited lawyer or not it will still be viewed like the way ICOs are being viewed till date. Another truth is, during the ICO days many team claimed to be what they aren't all in a bid to make their money and it mostly worked so coming up with that same line won't change any thing. Lastly as for me, I have nothing to do with any ICO again, if the project is truly from an accredited lawyer, then let the team get their facts right, build their project and get listed on good exchange for IEO, they will mostly get their support but if it's ICO, the reverse will likely be the case.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: mr.robot8 on May 09, 2020, 07:09:17 AM let's say that an ico conducted by an accredited person, a lawyer has more confidence from investors and perhaps is less at risk of scam but this does not mean that it will be successful and will meke earn the investors this nobody can know it until the end of the ico
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Mulann2 on May 09, 2020, 07:21:16 AM Lol! I really don't get why many posters acting like ico is the problem here, the problem is not ico but the people behind it, any good accredited project that have pass through security checks can lunch an ico and be successful even in this hard times, provided they follow strict laws and regulations, but since crypto is open for all and no control is why ico has turned shit,
Don't get it twisted, initial coin offering is not the problem because it is a tool or a process of raising fund, but the people who use this process without any form of control or guidelines are the problem, This is what you get when people are given the freedom to do as they please. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: marcayden on May 12, 2020, 08:03:21 AM Hey there everyone, How can that ICO prove that he's an accredited lawyer? We saw a lot of these people working behind the team are professionals and with good titles but they tend to be a copy paste names, titles and cropped images.Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Sorry with that loss you've made with that project. That's already a clue that you should find a better investment vehicle in cryptocurrencies rather than getting into another ICO. The advisor thing is really pumping and hyping the project especially if it's a very known person and that guy validates that he's endorsing the project.Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. Thanks and I have definitely learnt my lesson on this front. I'm actually just trying to do an on-ground survey on the perception of ICO/ITO/IEO and whether having a named lawyer at its helm (as a Founder) would sway confidence in any way. I'm currently assisting with an IEO project called AEXON (https://aexon.co) with a senior accredited lawyer practising in Singapore running the whole show. With all the talk about scams, was just wondering if this would bring peace of mind to investor (given that Singapore has strict KYC and AML laws as well). Thanks for sharing anyways! Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: gweedo on May 12, 2020, 08:36:25 AM In any case, an ICO is a scam. In 2018 and 2019, there were many large companies and organizations that recognized ICOs as well. But in the end, those ICOs became scams and disappeared from the market. Please stay away from ICOs if you still want to gain profits in this market
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: marcayden on May 12, 2020, 08:49:11 AM Hey there everyone, Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. I don't know what you mean by a project offering an initial coin offering have an accredited lawyer because there is even no way to prove such accreditation. the best option still remains the initial coin offering until there is a better option. if the project has an accredited lawyer, they can prove that to an accredited exchange Thanks for sharing your insights! The thing is there are certain ICO ranking/listing sites that accept crypto payments to be listed and might in a way, skew its credibility too. But I know in general, most of this ranking/listing sites requires pretty extensive credentials better they would even consider reviewing/listing the tokens. Of course, when ICO scams were a thing, people were definitely more than able to put in that little bit of effort to scam others of millions. At least with IEOs now, exchanges can regulate the token offering industry a little better. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Mighty_crypt on May 12, 2020, 11:54:44 AM It's meaningless friend, what will am accredited lawyer have to do for the project with his statue to make people want to invest in the project? Do you know how many times McAfee fumbled in crypto space? Still I'd rather chose him than any lawyer because, being a lawyer and crypto are both different things
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: judeafante on May 12, 2020, 12:32:33 PM Hey there everyone, Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. There are more credible than accredited lawyers, there are businessman, bankers developers but their reputation is not enough to carry the weight of making a project great, it losses support overtime because it's not something that can sustain for a long time in terms of profit and usage of the platform. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Retainly_Collie on May 12, 2020, 01:57:42 PM Do not care what others say and comment. Consider the project based on your experience. In the past, I used to invest in Fomo projects from celebrities, but eventually they became scams and disappeared from this market.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Greatchu on May 12, 2020, 02:01:03 PM Projects from celebs or well known people are the most dangerous projects to invest on because they will easily build hype that's based on the popularity teams or CEO or advisors and after some while price will surely dump, I'm just talking from experience, we know what happened to Moozicore that McAfee promoted
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Vishnu.Reang on May 12, 2020, 02:16:35 PM How is this going to make any difference? If the project is not good, it is going to fail at the market. Anyone who invested in it will lose their money. Whether the promoter is an advocate or not is not going to make any impact on the future of the ICO. On the other hand, there are some additional risk factors. He may use legal loopholes, to escape from owning up the responsibilities.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: azarharus on May 12, 2020, 02:40:38 PM let's say that an ico conducted by an accredited person, a lawyer has more confidence from investors and perhaps is less at risk of scam but this does not mean that it will be successful and will meke earn the investors this nobody can know it until the end of the ico yeah agreed, it doesn't really matter if it is an ico or not actually. its just users and investors are convinced that icos are cursed or rarely successful at allbut accredited person in charge is a good sign for investors for sure don't think that regular user actually check who runs the campaign at all Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Yamifoud on May 12, 2020, 02:44:06 PM Don't fall into a person who claims that he was a lawyer or high profile link unless he/they will provide their real identity and proven to be true. Because this might be a way to attract investors and think that they can be trusted. Don't forget how smart are the scammers today, they'll do everything just achieve their goal and put everything to be at risk.
Because for me now, I used to skip ICO projects for investment but rather to consider those projects that are proven already... Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: el kaka22 on May 12, 2020, 04:41:50 PM Well, I believe there has to be someone we all know, and there are not that many accredited lawyer that I know. The reason why "known famous people" starting projects or be parts of it was the fact that we heard that name before.
But even that wasn't enough, I could see the hugest Hollywood names on the "team" page but as long as I do not see them supporting it somewhere I will not really believe you, so that famous person in the crypto world or in some other world, has to share that support, and if they do I will believe and invest probably. Yet lawyer is not someone that is famous, sure there are some judges and all that who are a bit famous but even they are not too much famous, hence I think it is not the same thing to compare them to the famous people. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: South Park on May 12, 2020, 05:31:05 PM Hey there everyone, Not much will change at least on my case, after all my first question will be why a lawyer is releasing an ico? My reaction could be different if the one releasing the coin was a known developer that was known as capable and responsible and that has led several projects to success in the past, that will attract my attention, but when it comes to anyone else and that includes famous people, famous investors or anyone with a profession other than a blockchain developer my opinion of the project will not change at all.Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Bananington on May 12, 2020, 06:39:01 PM As it stands, even if an accredited lawyer launches an ICO, I can't risk my funds in it. Why not go through a reputable exchange to launch the project. The main reason why I won't invest is the fact that I can't be so sure if truly its from an accredited lawyer, also I'm not sure of listing in a good exchange after the ICO. And if the token sale doesn't go well since people don't fancy ICO anymore, it becomes an issue.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: thisnewcoin on May 12, 2020, 10:18:24 PM No one wants to invest in the ICO project, many famous people tried already and they failed! This year David Chaum's XX coin had an ICO and the result wasn't the same as expectation. Last year EZ365 CEO did IEO/ICO but that was failed too. So, people do not care who is launching the ICO project, because ICO means a waste of money, where IEO investors getting good ROI continuously! So, for your question, my answer is, I have the same decision for a shit ICO and a great ICO because I just don't care ICO anymore!
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: 7788bitcoin on May 12, 2020, 10:42:09 PM Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? I would trust if a proved developer comes up with a project that is feasible than anyone else. I cannot imagine a lawyer with a software development background and hence there is no way to think that he could succeed in doing something than many failed. Starting a project is one thing but carrying on with the development is another, we have seen many projects that had good developers and good projects at first glance but what they do after collecting all the money is not monitored, if everything is recorded and monitored by a third party that is accredited and if they fail to fulfill what they started then they need to return the investment and if so then i will invest :P. In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Twinkledoe on May 12, 2020, 11:01:09 PM Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? I would trust if a proved developer comes up with a project that is feasible than anyone else. I cannot imagine a lawyer with a software development background and hence there is no way to think that he could succeed in doing something than many failed. Starting a project is one thing but carrying on with the development is another, we have seen many projects that had good developers and good projects at first glance but what they do after collecting all the money is not monitored, if everything is recorded and monitored by a third party that is accredited and if they fail to fulfill what they started then they need to return the investment and if so then i will invest :P. In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Yes, lawyer even accredited one can't make a successful project but definitely he can manipulate the docs. A real developer can make the project successful as he knows what to do with the project, but a lawyer, how will he do the programming and all? So I won't invest in an ICO project launched by accredited lawyer. He knows how to go around when things are not in favour on their side. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: robelneo on May 13, 2020, 04:35:22 AM Hey there everyone, Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. There's no difference at all, there are a lot of crowdfunding with reputable name and organization behind the project, but failed miserably in the market and in their ICO, the project could be legit but it's not gaining support because the platform is not attractive or there is no usage for the coin, investors are wiser now, they want longevity of the project and what it can contribute to the community. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: imstillthebest on May 13, 2020, 04:44:46 AM you mean you have invested on a project that is launched by an acredited lawyer before but still fail to achieve success . that is still possible because having a lawyer does not dictate the sucess of a project but there are also regular or normal projects without a lawyer but still became succesful at the end . its unpredictable mate . scammers can also claim that thier project is compose of professional people with lawyers but they are all fake and people will just believe on it if ever they wont conduct a brief research
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: isaac_clarke22 on May 13, 2020, 04:51:21 AM let's say that an ico conducted by an accredited person, a lawyer has more confidence from investors and perhaps is less at risk of scam but this does not mean that it will be successful and will meke earn the investors this nobody can know it until the end of the ico Lawyer is surely gonna be confident but the investors I don't think so.Having someone popular or somehow reputated to get into crypto is like the same way as the launching of Libra Coin of Facebook by Zuckerberg. It kinda reduces the risk of the scam because it is surely a popular platform, but earning from it? I don't know. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: joshua123 on May 13, 2020, 05:25:56 AM I think there is no change even its handled by a lawyer. Crypto project boss usually are composed of different sector some are businessman, artist, developers, as long as the project showcase a relative good concept, unique and have a good set of team to work on it then its okay. The bearing that it was handled by a lawyer could be good since he know that if he commited a crime or fraud he will be jail so launching a legit one will be much safer.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Reid on May 13, 2020, 06:11:49 AM First, proof of authenticity.
We need that. There had been a bad event before where students used the profile of their professors to create the team of an ICO. Forgot its name. But it got viral here. Next, legitimacy. How can we be sure? Where should we check it? What if there is privacy control in their country? He could show papers but I could also make one to be a fake lawyer. If he passed that all, the project. Even if you are the most tweeted guy in Twitter, the project could still fail. It is not just about the name or position. Investors are getting careful now. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: michellee on May 13, 2020, 06:25:52 AM I don't overthink about that because the era of the old ICO project is over, and I think it will replace with the new trend. Even if that project launched by an accredited lawyer, it doesn't mean he can easily to gain popularity on the internet because he needs to compete with the other project. Maybe he is famous in real life, but he cannot expect to get the same thing when he goes online because he will meet many people who already famous on the internet, but they don't recognize in real life.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: holly.ball8 on May 13, 2020, 10:39:27 AM It meant jack shit. Yeah, I said it! The difference between a regular ICO and one that was run by an accredited lawyer is none. At best, regular ICO just pay some clown with a title 'accredited lawyer' to fool people. Now, if that person was an influent person, someone everyone respect and is well known among crypto. That would be hugely different.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: hiburak on May 13, 2020, 10:59:17 AM It wouldn't make any difference to me. I think the current investors are mainly concerned if there will be enough liquidity for quite a while after the token sale. Liquidity always comes first.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: DDante on May 13, 2020, 10:59:28 AM Doesn't make sense to me, a lawyer and an ICO project? What are your thoughts? Good regulations? LMAO, it's never going to happen and don't bet your trust on the project because CEO is a lawyer
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: TastyChillySauce00 on May 13, 2020, 01:07:40 PM doesn't make any difference, it's the investors who have the right to judge and whether the project is run by an accredited lawyer if the project is garbage it will just become yet another failure, otherwise if the project is already good from the start then it could probably pave a way to become succesfull ICO, in the world of crypto only reputable exchange could help carry the reputation of garbage project.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: SyndicateLabs on May 13, 2020, 01:14:13 PM How can a lawyer guarantee it's a good project? I will never trust ICO projects at the moment, so all fomo people will not be important to me.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Winscosinally on May 13, 2020, 01:47:55 PM It's not safe, just because the brain behind a new project is a well know law man makes no difference, this won't stop things from going so damn wrong, this ain't real life investment, it's online and crypto for that matter, a haven where criminals aims for people's hard earned cash, be extremely careful
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: fortunecrypto on May 13, 2020, 02:53:56 PM Not different from the other ICO I've checked, I will checked on the platform and how it can contribute to the community and of course I will check the reputation of each developers, whitepaper is also very important because so many scammers are just copying the whitepaper of other projects, past and present.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Shallow on June 10, 2020, 08:01:01 PM I don't see any thing different in it just like in others thus I will still view it just like I did for others, which is, as a potential scam. During the era of ICO we heard many things from people who claimed to be this or that, we saw many things too and yet that didn't stopped them from carrying out their scams rather it gave them more opportunities to defraud people. In my own honest opinion, if the project is truly a good one, then IEO should suffice.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: qazgroup on June 10, 2020, 08:05:27 PM Hey there everyone, Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. It will not make much difference atleast for a person or lay-man like me and majority of other investors here, yes it could impact positively among legal fraternity but still you have to convince them too about your project and they could respect you because you are professional from their own department. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: bobitza on June 10, 2020, 10:38:59 PM Hey there everyone, I really don't know this very well. But if you participate in an ICO project run by a recognized lawyer, this is very dangerous. Any basis to prove he is an expert or island rocket. I don't do anything when I don't know them well. You need to make sure your money is safe and profitable. That is my motto.Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor? I really don't know this very well. But if you participate in an ICO project run by a recognized lawyer, this is very dangerous. Any basis to prove he is an expert or island rocket. I don't do anything when I don't know them well. You need to make sure your money is safe and profitable. That is my motto. In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks. Just a curious question! Share your thoughts! P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: retnoanjani on June 10, 2020, 11:17:55 PM In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better. We know that this does not apply now. Moreover, there are many fake projects that fake their team members, using the names of famous and influential people, even though they are fake. So don't be easily influenced by this kind of manipulation.Well, ICO's popularity has dimmed, investors have lost their confidence after many frauds under the guise of ICO. So IEO is the best choice, with guarantees from trusted exchanges that make investors more confident, even if they have to adapt to technical matters, at least this is a safer way. You are not alone, I have been trapped in ICO. Let it be an experience that motivates us not to repeat the same mistakes again. It's time to choose another strategy that is better, don't just stick to the ICO, there are other opportunities. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: anhhung409 on June 11, 2020, 06:23:58 AM Do not care what others say and comment. Consider the project based on your experience. There have been many companies and large organizations that recognize ICOs as well. But in the end, those ICOs became scams and disappeared from the market. Stay away from ICOs if you still want to gain profit in this market.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: DoubleEdgeEX on June 11, 2020, 06:35:51 AM It doesn´t matter who is behind it, conducting your own due dilligence is always of uttermost importance. VCs tend to support people they already know, and yet still many of those fail. Beside that, it´s easy to buy a lawyer or an advisor just for the sake of being able to use his name and put it prominently on your website. Cheapest offering I ever got was 3ETH for an advisors. I assume if you want to use Pomp or Vitalik you can add a few zeros to that price.
ICOs got safer but are still something you need to do your own research about it before investing. Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: CashbackLover on June 11, 2020, 06:39:14 AM I don't care about an accredited lawyer and so are other people, what investors want must be present in the accredited lawyer's project or you will see people walking away, there are too many lessons I'm crypto space, one's status won't make people invest in coins anymore, it doesn't count
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: qigong13 on June 12, 2020, 06:01:24 AM How 'accredited lawyer' he is will be the main point to convince investors to invest in that ICO. He can be an accredited lawyer but if he doesn't know about crypto or just know little of it then he won't able to convince investors.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Harriti on June 12, 2020, 06:08:48 AM I will not believe any information posted on the project website. because they can fake the information at any time and no one has control. When investing, I usually read their whitepaper and roadmap. If their ideas are rational and there are new directions, that will be a plus point. There are also some great partners in the crypto market that will make it easier for them to grow. That's the way I analyze a project before investing, apart from those factors, I don't care about anything else.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: junkerr on June 12, 2020, 07:00:26 AM I will not believe any information posted on the project website. because they can fake the information at any time and no one has control. When investing, I usually read their whitepaper and roadmap. If their ideas are rational and there are new directions, that will be a plus point. There are also some great partners in the crypto market that will make it easier for them to grow. That's the way I analyze a project before investing, apart from those factors, I don't care about anything else. currently investing like that also does not provide collateral. invest in those who already have a product or those who already have a market. it will be better and promising.Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: bluebit25 on June 12, 2020, 08:00:29 AM Never trust anyone, it can make you lose a lot. Also never think about ICOs right now because most ICOs are scams and it is impossible for investors to profit from participating, stay away from ICOs and only invest in IEO if you are interested
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: GelsoAM on June 30, 2020, 02:07:39 PM First of, Being a lawyer or not, It all depends how well you do on the ICO/IEO. And also, How will we know if you are a legit lawyer? Like, you can easily make copies of "Authentic" documents to prove you are legit. But with that aside, ICO right now is not the ideal way of starting up the project. Because of it's reputation.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: JeotQ on June 30, 2020, 03:35:19 PM Who ever the CEO of the project may be is non of my business, imagine if ethereum is just getting launched today and vitalik is the CEO, won't the guy looked a lot like someone who is here for money only? Judging from appearance is 👎, what you have in your brain for crypto space is what I'm interested in not your status, I don't care
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: dhemasm on June 30, 2020, 06:29:43 PM I think it's only from legality side i suppose? I mean it's really depends on the team itself even if they have accredited lawyer, If the team was didn't competent and just want to steal money from investor, Even with an good lawyer it's just Same, It's also applied To IEO, It's also depends on the team. So basically just do your own research , Cheers mate.
Title: Re: How would you view an ICO project if it was launched by an accredited lawyer? Post by: Ozero on June 30, 2020, 07:23:43 PM Accredited lawyers in ICO projects are not yet possible, since ICO activities are not yet regulated by states. The presence of a lawyer among the ICO team does not provide any guarantees for investors or participants in ICO bounty campaigns. Lawyers are also sold and bought. They are also unprincipled and may abuse their position. In order for fraud to disappear among ICO projects, they need licensing by states, or at least accounting and control of their activities.
|