As practice shows, unfortunately, ICO participants are powerless before cheating by ICO admins. For three years I have been watching the emergence of new projects, as some of them were successful, while others turned out to be scammers, and their projects were scam. There were cases when the community tried to influence the scam team of the project, but as far as I know, all this ended simply by removing the participants from the groups and closing these groups as a result. Perhaps of course large investors were able to somehow return their funds, but I did not hear about it. I believe that it is possible to influence such projects and their admins only by creating information resources where all information about them should be indicated. Its very good that there are people here at Bitckointalk who take fraudulent projects to the clean water.
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I was able to verify from personal experience that the team in the project plays a big role for success. Somehow I participated in one project and at the end of the company the terms of payment changed, payments were cut. When I asked the administrator why so? He replied that they were not professionals and had incorrectly calculated their strength, etc. At the moment, this project wants to conduct a token sale again, but already through IEO. I believe that this is a vivid example of a teams lack of professionalism and, as a result, changing conditions and transferring the development of the project to the future. However, one thing pleases that the admin admitted that he and his team are not professionals.
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Of course, if the project failed its ICO and funds were not raised, then there will be no payment for participation in the bounty. As for managers, it all depends on what kind of person. There are such managers that they simply disappear and you wont be able to get additional information, but there are those who are up to the end and continue to help and answer the questions of the participants. In my practice, there were such projects that failed their ICO and then made a restart and successfully raised funds and were able to reward those who were with them until the end.
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I believe that the name plays a big role in the success of each project. For me, the first thing that matters is the title, since it usually dampens the meaning of the project or its direction. You can right now look at the names of successful projects and you will see that they are at least consonant and make sense. I sometimes choose projects to participate based on the name and very often projects having strange and meaningless names already at the start turned out to be scam and scammers.
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I am still hoping that by the end of this year the market should show another breakthrough. My expectations are based on the positive news about the launch of Bakkt. Of course, this does not mean that we will see a flight to the moon, but there is a possibility that we will be able to update the highs of this year.
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I met more closely with BNB and tried to work with this crypto asset. I can say that BNB already has its own audience and is more and more of interest to both investors and traders. If the community is showing increasing interest in BNB and the Binance platform itself is developing and gaining momentum, then this all speaks of the prospect of BNB, which means this crypto asset should definitely show positive dynamics for growth, if not now, then in the near future for sure.
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I believe that there are ideas and they are being implemented, there are simply very few of them and we may simply not know about them and skip them. The fact that most of the projects look very bad is due to the fact that most admins just want to earn money quickly, and the project does not interest them. Personally, I can now highlight the BitWings project. Unlike others, BitWings has a physical product, smartphones and laptops that are configured for ETH mining. There are other projects such as Funtion X, which developed the world's first smartphone working completely on blockchain. I think there are other projects, but they need to be found and studied.
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ETH has a chance to become an independent currency like BTC, only on condition that it will be used officially in countries. But still, I believe that ETH was created a little for the other, namely to be a platform for creating applications, platforms, services, games and so on. on blockchain, and tokenize various assets. On this basis, ETH is unlikely to be regarded as cash.
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