Many people feel that this airdrop that requires a KYC is just a scam. Frankly, they are not getting my ID documents directly uploaded to their web in exchange for an "airdrop" that many people feels is a fake.

IMO the price drop is unrelated to the hack or whatever it was. NEM has been pumping for a while and a correction may come from any excuse. The hack itself is meaningless.

Yet another promotional post of Kick City today. Frankly, you are starting to get noticed but for the wrong reasons.

Anyway, and answering your question, airdrops are intended to generate liquidity, as many users will sell and buy as well as adoption, that is, paid adoption in exchange for free tokens.

At this point people should be considering if their coin has any merit at all. But more than the people who launch new coins, I would strongly advise everyone to think twice about putting their money of productless and featureless coins.

IMO that would depend on what precautions has the company taken to avoid it. The buyer himself I think would not suffer any consequence, but the company would have to prove that has taken all reasonable measures to prevent it.

Please, do the world a favour and unless you are creating a technologically superior coin with an innovative use case... please don´t create yet another coin. Or even better, unless your coin cures cancer, just don´t do it.

I am opening this thread so that people who have been on ICOs and have endured them can provide a guide for "good practice" for companies launching ICOs.

PLEASE DON´T POST GENERIC COMMENTS. I intend to curate the thread and edit this message is sufficient members have relevant things to say. If you want to spam, there are many threads out there.

Curated contributions:

- Obviously, don´t scam.
- Set clear Soft and Hard Caps and don´t change them.
- Have your telegram groups moderated.
- Have a group for bounties and treat your hunters as partners, not as beggars.
- Don´t make decisions that harm your community and investors. It will come back as negative publicity.
- Do no whitelist three times more contributors than what you need. At a certain point is best to close the list because you will create a community of angry people than will not ever buy your token.
- Don´t ignore your community and have a decent response time.
- Set realistic soft and hard caps and do what is required to achieve them.
- Fix the dealines / dates and adhere to them.

Please, add...

(edited to add)

As I am writing this, NEO is basically swiming when all others including BTC are drowning, it is quite a show to see this.

Oh, I really hope they can make this a reality. The specs are quite awesome and I would seriously consider buying one. But I would rather pay for one once it is ready.

Yes.. and no. The perfect coin would have great fundamentals, a clear use case and be at a 50% discount on pre-sale 
However, as thing are today, it is possible to profit from a less than perfect coin as long as you know when to jump of the horse.

How did you manage to do that? Most of the altcoins have gone up in value, so you must be a real master of the loss! Given the situation the only advice I can give you is... Don´t trade.

Frankly, I would feel much more reassured if the user was not a newby. Nothing related to classism here, it is just that it looks suspicious from the start. But just for my amusement, is this another "cat attack" on the Ethereum network? Are you trying to block next months ICOs on your own?  

Governments are very different in different parts of the world. Some authoritarian governments are fully responsible but others that have democracies (in different levels of participation) cannot be blamed as it is the citizens themselves that don´t ask for it.

Without education, democracy is not possible. Without financial education, governments are not held responsible.

There are some incredibly good ICOs out there! It is stupid to think that all are scams and that is normally the case o those who are just not able to analyse a business plan nor, for that matter, tell a potato from a car.

I have to admit that it does not look good. It has a huge telegram group, but it is not organic, is just adoption paid with theoretical coins that are never reachable. Never send a passport without some mark on it.

Oh, so easy, even I feel tempted to launch the BBR coin (Black Box Records) and say is a PoW ASIC coin that will rule the world. It is just easy money, easy promotion paying with tokens... even if the project makes just a tiny bit of sense some guy from Korea will throw in his ether.

Wow, that´s a really impresive list. It is true that nowadays is easy money as it was during the internet golden era. And in the same manner, it is not yet clear which horses are winner and which ones have only three legs.

I don´t know about the exchanges, as most of my eth is just in an address ready for ICOs. However, I am sure that some exchanges would credit you a ETF in an account. Otherwise, you would probably need to open a ETF address, but as pointed out on this thread... not worth it.

So that is a fantastic argument for selling in any case, as an Stupid millionaire can stupidly use its stupid millions for whatever (stupid) things he wants to do, whereas a stupid guy broke has not much LOL  

Yep, well in general terms hodling with care could produce results, but as a general strategy, is it still the best way? I think that there are alternatives that may give more yield??