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Author Topic: Altcoin ICO check list (how to know if a project has a legit chance)  (Read 99 times)
ChiBitCTy (OP)
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March 02, 2018, 09:13:00 PM
 #1

Found a great article where the author does a really good job breaking down 4 vital questions you should ask before buying an Alt ICO  -Ref: https://hackernoon.com/5-icos-with-solid-fundamentals-ready-to-rocket-off-the-launch-pad-ca2d8de4fce2

Motive: Why are they doing this? If it’s simply to provide a return on an investment, then buyer beware. If they lay out a clear vision where the value proposition is easily understood this would be a good sign. It should be more than just a “we’re making the world a better place”. This will help it pass the scam test. What really helps pass the scam test is whether or not they have a working product you can take for a test drive.

Experienced Team: What has the team executed on in the past, together? It should first and foremost be technology related. You should be able to quickly look this up on the net. Get them on the phone if possible to see if the team even exists at all. I do this with every team I invest in.

Capital Structure: How much crypto are they offering to the public? Gauging demand for a crypto is key. Not everyone is going to want to take a position in it. These factors should determine how much crypto should be offered to the public. If these numbers are way off then it’s going to be hard for the crypto to move up without enough demand. As a token holder, this is an important aspect to analyze.

Raising the right amount money during their ICO: This connects directly to the point above. If they raise too much money during the ICO, they’re going to have to clear loads of ‘flippers’. These flippers are those that purchase tokens during the ICO and as soon as the team lists the token on the first exchange, they sell right into it creating a massive amount of sell pressure they’ll have to clear before anyone makes any real returns. It can take months and sometimes years before a team can clear sellers like this before the token can appreciate with any kind of real value.

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TheAlchemist
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March 02, 2018, 09:33:07 PM
 #2

Yes, you have very accurately described all the points. Working prototype and team are the most basic. I sometimes look at sites with ICOs, and there such trash - blurred fuzzy photos without links to social networks. There's nothing at all. I always think - who are these people who invest in such frank, visible and not hidden cheap frauds.
DAOfan
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March 02, 2018, 09:35:52 PM
 #3

Sometimes even ICOs that meet all those criteria still end up being scams, or just end up being failed projects. A great example of this is the Graphene Power ICO. Graphene did a great job at marketing and just promised everything people wanted to hear - most likely copied and pasted from other sources. They promised two magical technobabble things - Crypto and Graphene. Then they promised power from it...which isn't really a thing either. People got really duped by all the nonsense lumped into one place.

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Ini35
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March 02, 2018, 09:51:28 PM
 #4

Your last point for me says a lot. I have participated in some ICO, where there was a massive dump in price and yet the price has not risen back to the ICO price. A critical look really needs to be done before investing into any ICO. Thanks so much for the enlightenment. I have learnt some other new things.
squesto
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March 02, 2018, 09:53:31 PM
 #5

That's a well written article, thanks for sharing!
ZaoXhou
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March 02, 2018, 09:57:30 PM
 #6

Your last point for me says a lot. I have participated in some ICO, where there was a massive dump in price and yet the price has not risen back to the ICO price. A critical look really needs to be done before investing into any ICO. Thanks so much for the enlightenment. I have learnt some other new things.

I think this is more of a problem because of pre ico buyers who can buy big amount at big discounts.
Baimovic
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March 02, 2018, 10:33:33 PM
 #7

Sometimes even ICOs that meet all those criteria still end up being scams, or just end up being failed projects. A great example of this is the Graphene Power ICO. Graphene did a great job at marketing and just promised everything people wanted to hear - most likely copied and pasted from other sources. They promised two magical technobabble things - Crypto and Graphene. Then they promised power from it...which isn't really a thing either. People got really duped by all the nonsense lumped into one place.
yes, I agree with you, but the above criteria are just a general description of a good ICO.

if after the ICO runs, I think the problem is the trust of developers and teams, because many developers are leaving ICO and irresponsible. finally scams.

like symmetry, developers go and scams. whereas before I saw symmetry has good ICO criteria.

ChiBitCTy (OP)
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March 02, 2018, 11:12:12 PM
 #8

Personally if it looks or smells like Bitcoin (global payment system) I want nothing to do with it.  If it doesn't have real world value..going to help solve a current need/issue VERY SOON...it's just a penny stock and probably worse.  Madness out there.  99% junk.  There will be winners though too.  Albeit few.

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.Duelbits.
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DUELBITS
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Akiko
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March 02, 2018, 11:24:16 PM
 #9

Found a great article where the author does a really good job breaking down 4 vital questions you should ask before buying an Alt ICO  -Ref: https://hackernoon.com/5-icos-with-solid-fundamentals-ready-to-rocket-off-the-launch-pad-ca2d8de4fce2

Motive: Why are they doing this? If it’s simply to provide a return on an investment, then buyer beware. If they lay out a clear vision where the value proposition is easily understood this would be a good sign. It should be more than just a “we’re making the world a better place”. This will help it pass the scam test. What really helps pass the scam test is whether or not they have a working product you can take for a test drive.

Experienced Team: What has the team executed on in the past, together? It should first and foremost be technology related. You should be able to quickly look this up on the net. Get them on the phone if possible to see if the team even exists at all. I do this with every team I invest in.

Capital Structure: How much crypto are they offering to the public? Gauging demand for a crypto is key. Not everyone is going to want to take a position in it. These factors should determine how much crypto should be offered to the public. If these numbers are way off then it’s going to be hard for the crypto to move up without enough demand. As a token holder, this is an important aspect to analyze.

Raising the right amount money during their ICO: This connects directly to the point above. If they raise too much money during the ICO, they’re going to have to clear loads of ‘flippers’. These flippers are those that purchase tokens during the ICO and as soon as the team lists the token on the first exchange, they sell right into it creating a massive amount of sell pressure they’ll have to clear before anyone makes any real returns. It can take months and sometimes years before a team can clear sellers like this before the token can appreciate with any kind of real value.
Thank you for make effort to know what is thw legit prject, you make me give more idea.

pranazzs
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March 02, 2018, 11:38:30 PM
 #10


How about:
Daneel.io

Good team, a lot of community.
BRINGING DATA INTELLIGENCE INTO THE CRYPTO JUNGLE
Get the most reliable cryptocurrency news, signals, and market emotions analyzes. By using our AI based on IBM Watson, be assisted in your daily investment decision making.
and Daneel is a registered member of IBM Partnerworld
Daneel uses IBM's Watson technology to enhance the experience of every cryptocurrency investor, may be a day trader, a long-term investor, a beginner, or an expert.
ChiBitCTy (OP)
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March 03, 2018, 02:29:44 AM
 #11


How about:
Daneel.io

Good team, a lot of community.
BRINGING DATA INTELLIGENCE INTO THE CRYPTO JUNGLE
Get the most reliable cryptocurrency news, signals, and market emotions analyzes. By using our AI based on IBM Watson, be assisted in your daily investment decision making.
and Daneel is a registered member of IBM Partnerworld
Daneel uses IBM's Watson technology to enhance the experience of every cryptocurrency investor, may be a day trader, a long-term investor, a beginner, or an expert.

As a financial guy I think robo advisors are shit.  So...nah.

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.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
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..PLAY NOW..
pranazzs
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March 03, 2018, 02:43:27 AM
 #12


How about:
Daneel.io

Good team, a lot of community.
BRINGING DATA INTELLIGENCE INTO THE CRYPTO JUNGLE
Get the most reliable cryptocurrency news, signals, and market emotions analyzes. By using our AI based on IBM Watson, be assisted in your daily investment decision making.
and Daneel is a registered member of IBM Partnerworld
Daneel uses IBM's Watson technology to enhance the experience of every cryptocurrency investor, may be a day trader, a long-term investor, a beginner, or an expert.

As a financial guy I think robo advisors are shit.  So...nah.


Probably not an advisor, but more to the crypto news. Let's wait and see.
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