ICO are a bad idea and most of them are either scams or leave the investor with the same result.Investors lose their hard earned money on the scam ICOs. So it a nice step taken by Chinese Government.
ICO is not a bad idea at all. The problem is that it is difficult to chose where to invest since there are tons of scams and no reliable rating system. What we have now at the market is corrupted and unreliable rating system that should be replaced.
We at Foxcio is almost done with a new system that will be ready for public testing soon. Main and breakthrough features are:
- possibility to rate projects by community members
- each member who rated a project will also be rated by others thus the possibility of corrupted ratings will be elliminated
- real time feedback from community for projects and visa versa
If you have any questions you can join our telegram foxico_community and discuss it there. Also there is a possibility to become an early bird tester to get an idea how it works and test it.
Welcome to the new rating world)