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Author Topic: ICOs = More of the same  (Read 876 times)
Forward_Thinking
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October 27, 2017, 03:54:07 AM
 #21

That's a pretty good summary. I would like to see counts and more topics - it would be a good research project.
FrankNoland
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October 27, 2017, 05:32:56 AM
 #22

The ann forum and bounty forum are absolutely nuts.  I've been looking up a bounty program to join soon and kept running accross the same uninspired projects over and over again.  I noticed there were 5 types of projects that kept popping up:

-decentralized banking
-decentralized exchanges
-tokenized gaming
-healthcare on the blockchain
-social media/social communities

well, there were more, but each project proclaimed stuff like "The world's first blah blah blah" and in each thread there would be like 10 posts immediately after the OP saying random shit like, "This looks promising!" or "Great idea! Great team!" and of course a bunch of people reserving translations.

I actually get excited when a weird one pops up.  Like doing an ico to fund a utopian community based on renewable energy out in the middle of siberia. That shit is lit.
I will have to agree with you, what you are saying is actually true, I have witnessed it too many times. A lot of ICOs which where launched this year are in most cases based on the same idea. Probably that is the one reason why some of them don't suceed.

Currently, it looks like some ICOs are introducing agriculture on the blockchain, I have seen a few ICOs within the few past days/weeks which are introducing agriculture and farming into the blockchain. I am not sure if it will work out or not but its happening, altcoins such as milkcoin and bananacoin are some of the projects which are introducing agriculture and farming on the blockchain.

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October 27, 2017, 08:55:10 AM
 #23

maybe the trend now is about what you mention and i think people will compare between one ico to another ico before they decide to make investment. they need learn one by one for the ico because they want their money to be safe and increase their money for a long term so if they can not take any benefits from the ico, then they don't have to join or buy the tokens. i think there are many others ico that will some other value for the investor so the investor can know where the best candidate ico that could be success in the future.



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October 27, 2017, 09:00:58 AM
 #24

The ann forum and bounty forum are absolutely nuts.  I've been looking up a bounty program to join soon and kept running accross the same uninspired projects over and over again.  I noticed there were 5 types of projects that kept popping up:

-decentralized banking
-decentralized exchanges
-tokenized gaming
-healthcare on the blockchain
-social media/social communities

well, there were more, but each project proclaimed stuff like "The world's first blah blah blah" and in each thread there would be like 10 posts immediately after the OP saying random shit like, "This looks promising!" or "Great idea! Great team!" and of course a bunch of people reserving translations.

I actually get excited when a weird one pops up.  Like doing an ico to fund a utopian community based on renewable energy out in the middle of siberia. That shit is lit.

I'm sure you're not the only one! Everyone is claiming to be the "first" in everything, and they don't even take the time to look at their competitors. The disappointment comes when you look at their team and see almost no developers there (I'm not talking about some Javascript programmer either). Then the bigger disappointment comes when you see how successful their ICOs are.

But like you, I really look forward to the out-of-the-box guys, but also I like seeing actual businesses use an ICO to expand. Sometimes, it's easy to get blinded by fancy whitepapers, but sometimes it's reassuring to see solid business plans.

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October 27, 2017, 09:07:24 AM
 #25


This will continue to grow in that way only but it’s good thing for us while choosing the ICO project. In the future if any other project comes which is not similar to those you mentioned above then it will have more chances of creating mega crypto base and hence the project could see golden days really. So always keep a positive approach about these shitty projects for now. Unless there are no hard regulation the new ICO will keep forming like this and will follow same pattern every time. So better to watch for that new and unique ICO which might be one in hundred. ;-)

 
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October 27, 2017, 09:58:04 AM
 #26

may be some kind of way to get its own benefits. in that way can benefit more. but the project does not help too much. maybe it's only done by some people only. the results are also not all like-minded people.

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specimen23
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October 27, 2017, 10:02:27 AM
 #27

A lot of the ICO's really dont have anything new to offer.This is because most of them are actually scam, and would end up becoming a pump and dump kinda stuff. I tell anybody that wants to invest in any ICO to do their due diligence, and ensure that there is actually the coin would actually solve a real life problem with its technology.
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October 27, 2017, 10:45:19 AM
 #28

Indeed there are many similar ICOs out there right now, differentiating which is genuine is pretty tough now.
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October 27, 2017, 11:01:16 AM
 #29

In the real business world there are also same business companies everywhere. Did you ever get this as a problem?
So why not there will be 100x exchanges trade sites or energy companies in the cyrpto world?
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October 29, 2017, 06:09:08 AM
Last edit: October 29, 2017, 06:36:36 AM by Bit_Happy
 #30


Yes, most icos have become to be the same, and it's quite sad to seen it this way.



Every ICO does seem the same, I've been looking for an ICO with a completely original idea for a while now. Nothing seems to be popping up.









Every ICO does seem the same, I've been looking for an ICO with a completely original idea for a while now. Nothing seems to be popping up.










~~~~~~~~~
A completely original idea
Here It Is, and Who Will Show Signs Of Understanding?
~~~~~~~~~

```````````
Something really New
```````````
# Seeking people who try to understand and/or ask questions to help make this more clear.
`````````
~~~~~~~~~~~~~~~~~~~
ETH Bubble Game / Early Seed Angel Mania  (numbers a bit extreme)
Early Angel Numbers Are "Extreme" (?), how much do they typically make?


For Every (for example) Early $100 From "Angel/Whales"                      
      pre-seed   1st       2nd       ICO
$100 |  $300  |  $900  |  $2700  |  $9000  (Based on discounts, re-investing, "private deals", etc) // then...Dump crap tokens and start over!  |

`````````````````````````````



`````````````````````````````
Introducing Time-Frames: Short/Medium/Long-Term

         2018      2020      2024     2027/2028

$100 |  $300  |  $900  |  $2700  |  $9000  |
 

Numbers look the same, but you have more time to build real companies, not copycats.

``````````````````````````````















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>>> Fresh, New-wave Companies built (with help from) the Best and Brightest of this community.    

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:::Borrowing from your long-term trust(!)

        2018     2020     2024      2027

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1) >> (Some time/effort required) Receive (for example) $200K Long-Term ICO Credits related to 2027/2028 'goals'.

2) "Invest" $1,000 (or more) Long-Term ICO Credits ("Today") by ""borrowing from your long-term trust(!)  // Did anyone ever hear of the idea of building long-term relationships with other people?
`````
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`````
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Comments?


`````
ps. Can anyone make an info-graphic based on these ideas?
#No_Competition

hello_good_sir
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October 29, 2017, 06:14:11 AM
 #31

The ann forum and bounty forum are absolutely nuts.  I've been looking up a bounty program to join soon and kept running accross the same uninspired projects over and over again.  I noticed there were 5 types of projects that kept popping up:

-decentralized banking
-decentralized exchanges
-tokenized gaming
-healthcare on the blockchain
-social media/social communities

well, there were more, but each project proclaimed stuff like "The world's first blah blah blah" and in each thread there would be like 10 posts immediately after the OP saying random shit like, "This looks promising!" or "Great idea! Great team!" and of course a bunch of people reserving translations.

I actually get excited when a weird one pops up.  Like doing an ico to fund a utopian community based on renewable energy out in the middle of siberia. That shit is lit.

Exactly. Most ICOs out there are quite repetitive now.

I feel like that smart contract platforms will always generate a lot of hype and people will always say is this the next ETH, even though it achieves no purpose. Some other projects that actually have good ideas don't get any recognition.

And seems like more and more businesses are doing ICOs and tokenizing their business, e.g. cryptopay, binance, other exchanges and bunch of casinos

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October 29, 2017, 06:45:25 AM
 #32

Its not only on ICO. But this happenned in coventional bussiness too. So many product appear in the market. But nothing new or special anymore on the product. The principal thing of bussiness right now are:
1. Analyze
2. Copying
3. Modification
So right now the ICO just look like same but with a little bit inovation. I Hope in future the company must prefer to the new inovation not for profit only.

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Indrawan77
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October 29, 2017, 07:01:11 AM
 #33

The coin developers has run out of idea and that was the best selling point of the ICO, so they keep on offering the same things over and over again, a lot of the coin is just looking fpr the profit they dont mean to fix anything or making the coin for better usage and in the future you will still keep on finding this thing over and over again, that is why there are so many alt coins with low values
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October 29, 2017, 07:13:16 AM
 #34

Seems like air drops are the new "ICOs".
Works way better too cause you don't have to beg for money just premine and distribute the rest to profit

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October 29, 2017, 07:19:38 AM
 #35

Well, when you have a new technology, you have two kind of projects: the ones that implement new models with the new technology, and the ones than improve current businesses.
Both of them contribute in a different way and can add value.
Uber, Facebook, Airbnb, are new models that the Web technology enabled.
Electric cars are still cars but they will change the way people move around (to get an example  outside crypto space).
Ryan and Olaf from polychain describe well this difference in the Third Web podcast.
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October 29, 2017, 07:37:54 AM
 #36

Most of the ICO's are obvious that they are running out of ideas to think on how to catch the attention of the bitcoin enthusiast and newbies to crypto to invest to their project and gain some tokens. Some of them are contest, Milk, Sports, Gambling and many more which is hard to determine if they just want your contributions or they are legit and authentic that is hard to find now a days.

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October 29, 2017, 10:47:56 PM
 #37

Most of the ICO's are obvious that they are running out of ideas to think on how to catch the attention of the bitcoin enthusiast and newbies to crypto to invest to their project and gain some tokens.
Fully agree. It seems that every technology or platform has tokens now. Even when it doesn't any sense.
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October 29, 2017, 10:50:32 PM
 #38

The ann forum and bounty forum are absolutely nuts.  I've been looking up a bounty program to join soon and kept running accross the same uninspired projects over and over again.  I noticed there were 5 types of projects that kept popping up:

-decentralized banking
-decentralized exchanges
-tokenized gaming
-healthcare on the blockchain
-social media/social communities

well, there were more, but each project proclaimed stuff like "The world's first blah blah blah" and in each thread there would be like 10 posts immediately after the OP saying random shit like, "This looks promising!" or "Great idea! Great team!" and of course a bunch of people reserving translations.

I actually get excited when a weird one pops up.  Like doing an ico to fund a utopian community based on renewable energy out in the middle of siberia. That shit is lit.

A number of similar projects are under development, and they compete fiercely. We can say that this is the time when the ICO exploded, however, they exploded in a narrow space with old ideas. That is why they do not grow as strongly as intended.
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October 29, 2017, 10:53:05 PM
 #39

People usually just try to lazily coppy what has already worked before, so it's no surprise that we see mostly the same types of ICOs popping up over and over again.

There are a few more types of unique ICOs around though... like the SONM/Golem/XEL or the one in my signature.

There was also some machine learning fund that seemed to be doing quite well.
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October 29, 2017, 11:13:38 PM
 #40

I fired up a Pentium II 333 mhz computer mined a few blocks then kept millions of coins for myself and my "company".
Now i will sell them all to you.. want to haz buyings ?
Ahh but you ask oh but Spoetniks what is teh gimmicks ?
I dunno.. fuck you pay me.. GO REDSKINS!



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