99% of all ico and existing projects is worthless and not worth a cent. what's your opinion?
I thought about it a year ago. For the period that the ico projects came out of the ground and poloniax and bittrex were the largest exchanges. Then in many tokens I saw something of value that stood on exchanges.
Nowadays I have completely changed my mind and have looked at things in a different way.
To start with recent projects and icos that are ready:
After all those hundreds of new tokens that have come in at this time, I think completely different.
This has come about because everything about huge amounts of money can be seen from ico startups.
Here I am not talking about scam icos but reliable ico projects. 99% are just thieves.
Projects with high ico tokens price that no one can make a profit. except the founders. Huge amounts of money of tens of millions are sometimes collected per project.
What makes me worse is that Almost all ico projects lie enormously about the development costs of setting up a project. That all money (10 million) for example is used for the application to make and additional matters.
What nonsense. If I started a normal company that has nothing to do with crypto, you can set up a very nice kourier, painters, construction company or shop with $ 500,000.
With this IT related crypto shit projects do as if they still have too little 5 to 10 million dollars budget. while you can start a business for 1000 euros. Laptop, software and in your own living room.
70% of all app or platform projects cost the software almost nothing to a few thousand to build, 2000x less if there is collected in the ico. Say development costs of $ 5000.
What I can say even better is:
99% of all projects cost a maximum of 1 million dollars to pay everything in the first year such as software, salary team, office rent, marketing plus other costs together to develop a project.
Then dare to say that for example they do not have enough money to have a good exchange, for example.
Almost all projects build everything for a minimal amount. lf it is finished, their 9 million are in their pocket for private investments. not only the 9 million but also often 30 percent of all tokens of their project.
At this moment you have 99% of all altcoins which is junk.
You may, for example, have tokens of a certain project, but can you also do something with those tokens, so that you can get rich with those tokens? Some projects may be good, but what do these tokens add to their value? Can not you do something with a particular project if you do not own their tokens?
Ethereum tokens can increase the value, for example, because you can use it for example for ico investments.
Bitcoin has value because it is the bentley of the crypto coins.
Many projects offer nothing special that contrasts with a value.
Virtually all projects are worthless because they do not add anything.
With the cryptocrash last months, people are fortunate to see a true value of many projects. useless projects.
Fortunately, there are also a number of unique projects that do add something.
Unique projects I mean something that others do not have.
Paymon.org, for example, is a unique and reliable project. With a very active devteam. This project comes with solutions that people scream for. A replacement that can replace fiat money. Payments without transaction costs, transaction speeds unlimited per second, passes to pay everywhere with crypto. Project that focuses entirely on personal payments with their own developed DAG blockchain HIVE. A project where you already have the blockchain and you can even test the blockchain for free how fast it is. Also have a working android and ios app and web platform with a messenger function built in with which you can chat. . This project is very far below the radar, that is because the team wants to deliver a product in a few months that is ready for marketing.
This project gives your coins a real value.
All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
I agree with you. With all of the coins that are coming out now,if you are one that does research then you would see that most of them have nothing to offer and if their coins were to be valued they would amount to zero being that they do not have any good product that can guarantee the survival of their coin. That is why a lot of the coins will end up failing.
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