Some ICO send you the tokens and others you claim them

[johnsm79]

Why do some ICO send you the tokens when you send the ether to the contract and some other ICO e.g. EOS you have to claim it?

Is there a difference on security? Should I trust one of the two better?

[bouren]

Why do some ICO send you the tokens when you send the ether to the contract and some other ICO e.g. EOS you have to claim it?

Is there a difference on security? Should I trust one of the two better?

Totally depends on ICO and differ from case-to-case. I think there is hardly any ico which give you tokens immediately after paying money, yes amount may reflect in account but those are not real tokens but just representative number.
Most of the ICOs give tokens after crowding ends. I strongly feel timing to issue tokens can't be considered the parameter to determine where ICO is legit or not.

[johnsm79]

Totally depends on ICO and differ from case-to-case. I think there is hardly any ico which give you tokens immediately after paying money, yes amount may reflect in account but those are not real tokens but just representative number.
Most of the ICOs give tokens after crowding ends. I strongly feel timing to issue tokens can't be considered the parameter to determine where ICO is legit or not.

Three ICO's I invested today offered the tokens the same day. Two immediately, and the other one I had to claim the tokens (so it was a small process, which I also received the tokens today).

These are:
https://www.openanx.org/
https://eos.io/
https://suncontract.org/

The tokens are now in my wallet. You can check on etherscan under "tokens transfers" tab.
Am giving you a sample wallet:

https://etherscan.io/address/0x4a980f287a82276ce39115c084eef488e1ffae9a#tokentxns

Since am allowed to send these tokens to another wallet, using ethereum gas, why are you saying that they are not real?

[magnetique]

Totally depends on ICO and differ from case-to-case. I think there is hardly any ico which give you tokens immediately after paying money, yes amount may reflect in account but those are not real tokens but just representative number.
Most of the ICOs give tokens after crowding ends. I strongly feel timing to issue tokens can't be considered the parameter to determine where ICO is legit or not.

smart contracts are designated to do exactly that, you send ETH to them and receive ICO tokens immediately, most of ICO with fixed price ETH/token are behavior like this

example:
https://etherscan.io/tx/0x84a5f531d6e47c8e8e0eaffbf8146c0a537a8e480452ae605e6f6af6a6e2187d

0.05 ETH switched to 20 DCORP tokens immediately

then it depends on smart contract setting, if the tokens are locked against move to other wallets etc...

Why do some ICO send you the tokens when you send the ether to the contract and some other ICO e.g. EOS you have to claim it?

Is there a difference on security? Should I trust one of the two better?

if the price is not fixed and the amount of tokens is based on how much will be invested, then it is needed to wait until crowdsale ends to determine amount of tokens you will receive, that's the reason (if it is smart contracts, not apply if ICO has its own system for sale)

[johnsm79]

The thing with the EOS Token, I had to go to MyEtherWallet and write the contract of EOS (in a dropdown) and request the tokens to be sent to my account.

That is what I am trying to understand.. I could get the tokens, but they were not sent to me immediately (I had to follow the process)

[magnetique]

The thing with the EOS Token, I had to go to MyEtherWallet and write the contract of EOS (in a dropdown) and request the tokens to be sent to my account.

That is what I am trying to understand.. I could get the tokens, but they were not sent to me immediately (I had to follow the process)

because the amount of EOS you get is determined just after each sale round ends (every 24hours) depends on amount invested, so you can't get your tokens immediately in this case

[johnsm79]

because the amount of EOS you get is determined just after each sale round ends (every 24hours) depends on amount invested, so you can't get your tokens immediately in this case

Now you covered my question. That was what I was missing.

[FrankNoland]

I think it depends on the nature of ICO, some make their payouts immediately whereas with some you have to wait for a few days until the transaction is processed.

[Duzter]

Primarily the token distribution takes place only after the crowdsale gets over. The token according to the time by which you made the investment you'll be provided. This is quite common and what you claim is just the receiving of the token into the wallet provided.

[johnsm79]

user "magnetique" covered my question.

Basically ICO's who use the smart contracts to distribute the tokens immediately, work in a different way than the contracts that distribute the tokens at the end of the duration of the ICO.

The who idea is some you have to claim with a contract, which now I understand why!

Thanks