Don't invest in ICOs without working products.

[The Sceptical Chymist]

as long as people keep throwing money at 3-page whitepapers, someone is gonna keep taking that free money.  "there's a sucker born every minute." so this shit will probably never end, but i imagine we'll see a reduction in the absurd amounts raised by projects with no product, sometimes not even a whitepaper.

at some point the US gov is gonna step in to "protect us," tho many ICOs already block US investors.  either way we've got front row seats to the best drama ever   

Yeah I'm waiting for all that great "protection" myself.   I know it's coming.

These new ICOs are all scams, in my opinion,  and I couldn't care less if Americans are blocked from investing in them.  It does boggle my mind that suckers keep falling for the same trick over and over again.  It shouldn't,  though.   I've seen the insane number of degenerate gamblers here, and people throw their money away like it was asswipe.  So if you blow your money on stupid shitcoin projects,  you get what you deserve.

[bustomi]

how to define the product?

is service a product?

before investing, we must know what kind of that coin also the team who working on it, and th purpose of the coin, it Will be fine on the ICO

[BlockEye]

how to define the product?

is service a product?

before investing, we must know what kind of that coin also the team who working on it, and th purpose of the coin, it Will be fine on the ICO

research or study the coin roles, will be attracted to the investor? Does it good for long term investment and if it does a future to be adopt by many,plus the team and the whitepapers can be a way to know if the coin is worth investing for.

[ezzy.co]

Hi! I completely agree with you. Every ICO should be analyzed, you should analyze not only tech idea, but also business model, how big is the market of this product and is it actually possible to build, is their team strong enough to build the product, sell it and bring x2/x3x10... for their investors.

I personally would recommend to invest in projects with working product or MVP and first paying clients/customers. For example:

ANRYZE distributed network - business that is already working in US, they have revenue and they are building decentralized platform for speech recognition.
https://ico.anryze.com

But with huge amount of scam on the market it is difficult to find such projects.

[mklost]

I think MVP or whitepaper is accectable to due die diligence

[Spoetnik]

Crowd funding should be analyzed to see if they are deserving of hand outs ?
Oh yeah.. sure... of course....

Ahh the obligatory cliche'd *some* retort ..a true classic at 'The Talk  

You people have worn my rolleyes.jpeg emoticon down till my fingers bleed.
So much cum guzzlin' faggotry  

Pre-Pre ICO by the Crypto Beggars ICO Foundation coming soon.. coin #8,301

yeah.. "Sale"  



Assholes.. please.. seriously.. PLEASE .....

START UP !

[pey]

I agree with you, the amount of money that they raised is not normal and so when they come to market, they are inevitably dumped.

[cychan2]

I agree with you here as well.  However, it isn't binary.

There are a lot of instances where it makes sense pending:

• A prototype
• Team and experience
• Traction
• Idea
• Whitepaper
• Terms

Well said.
A product readily available also doesn't guarantee a successful project. It just probably makes the thing looks not like a total scam only.

[marketone]

how to define the product?

is service a product?

before investing, we must know what kind of that coin also the team who working on it, and th purpose of the coin, it Will be fine on the ICO

It is completely our fault because without researching how can we blindly invest into an ICO. Sometimes it may find more secure but at the end of the day you will be lost because we don't know how they are going to respond and how they will interact after getting some good amount in the ICO's

[albusxx]

If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?

I hope you are not promoting kickico here.

But overall don't agree. Right now investment options for normal people are limited to
- Property (low returns volatility)
- Bank deposit (VERY low returns)
- Stock market - all big companies with huge overheads + competing with all of the professional traders who don't tell me they don't do insider trade spend all of their time to do better investments than you
- friends/family - angel investments. This would be a trusted but highly limited circle.
And ICOs open a lot more opportunities, kicking VCs asses from the comfortable 2% management fee life.



I would agree that having a working product is a great sign of a) it's actually possible b) founders actually committed/put some effort into it. I will be starting an ICO soon and, frankly, without a working product I wouldn't even try, it would be too much responsibility to raise the money not having good confidence I'd be able to make good returns for investors. Overall, I'd say don't invest without good research on the company/founders. The world is so connected now with so much info available that it's always possible to pick out a scam or a crappy project.

This is what we are doing btw, if someone is interested: https://www.wacoin.io

[Seansky]

If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?

You are right that at first, consider if an ICO has a working product. If you want some ICO's with working product I will name two but I don't expect you to like it because for some this two might be bad. First is shadowtoken ICO. They already have a working game where the tokens will be used. Also, there is opus with an already working music streaming platform. Some ICO's are good too even if they have a working product, just be sure it has a good team and also a nice concept.

[Alternative]

Principle of an ICO is to raise money for the developpment. An ICO that has already a working product does not need any funds and just want free money ...

[albusxx]

Principle of an ICO is to raise money for the developpment. An ICO that has already a working product does not need any funds and just want free money ...

Why would you say raising money for development is a principle of an ICO? It just so happened right now IMHO

[maxNIMFA]

Prototype is crucial for an ICO due dilligence.

[JasonXIII]

If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?

What does mean kickico please ?

[xx-man]

I agree with you, the amount of money that they raised is not normal and so when they come to market, they are inevitably dumped.

I do not think so, if the project is awake and really serious to build a project, they will still trust the investors who have participated in this project, so if the coin is already on the market, the quality of the coin will be well groomed and excellent in the future front.

[TomUyamot]

If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?

I don't know much about that kicki co you are promoting. I don't even know whether it is really legitimate. What I know is that you are right when you say that never to invest in ICOs whose actual use in the real world is dubious. I would generalize them as mere scams trying to gather money from gullible investors who will end up ranting on this forum. I would even recommend to buy coins after they are already introduced to major exchange platforms.

[jeanpierre]

Gilgam.es, Bowhead and Opus
I recommend these three ICOs. They have products that increase their chance to become successful.

Gilgam.es :  a platform for players that allow them to compete in eSport games.
Bowhead : an instrument which monitors the health of people at home.
Opus : a platform for sharing musics that is supposed to solve some of music industry problems.

I agree, Opus is really great in my opinion, I also joined their signature campaign I think it could be really big the next few years

[Alternative]

Principle of an ICO is to raise money for the developpment. An ICO that has already a working product does not need any funds and just want free money ...

Why would you say raising money for development is a principle of an ICO? It just so happened right now IMHO

What I meant is that an ICO is designed to raise money in order to develop its product. If product is already finished, no further money is needed and it is just giving the developpers free money.

However I do not clearly understood what you meant .

[robeth]

If you want to invest in ICOs, look for something with a working product like KICKICO. What are some other ICOs with working products?

I agree though I don't understand KICKICO. Most ICOs are crap, and many started by newbie, I don't understand it, cheating without even try to give out some credibility??

Is that true??
And why ICO like that..