Never invest no product ICOs

[robaya]

yes, that is very true. If there is no product to be used to issue, be careful now that many ico projects are used as billing. if you do not want to lose then understand really project that will invest your money.

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[TCTDev]

For me, the idea and product of the project is very important. I will not invest in projects without an interesting and strong product. I think it's useless and dangerous.

[Tulanpa]

So many failed ico project because they have no product already before organising ico

[quista]

I agree with those that at least it is necessary to look at the ratings, they help to choose the best ico.

[virtual_miner]

I think it is up to you to invest in an ICO project. Block.One is building a blockchain platform called EOS.IO that aims to "decentralize everything". Yes, and that's just building it, it does not have a product yet. But it set an ICO raised of $ 185,000,000 in July 2017 and did it again with a new ICO that has now reached $ 4 billion.

[maucial]

I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.

When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.

For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.

On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.

In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.

There are many interesting projects to check out and others not, so it's important to choose wisely and, like you say, choosing an ICO with a product (better if an already working product) it's very important.

Looking at the project as a whole and looking at the team behind it, is very important to make a correct decision.

If I can give you guys my opinion, I discovered an exciting ICO that is very interesting: RAWG.

Check out this great article by Sergey Ulankin, RAWG's Editor-in-Chief, where he explains what has been done so far and what will be the future updates:

https://medium.com/rawg/wp-bits-5-vision-and-current-state-69127bfbeb2a

The ICO will start in a short period and they are at the moment in pre-ICO phase. This is the ICO site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database) and, which is very interesting, they have already reached the soft cap.

Have a look and get some information while doing your own research!

Another interesting point: RAWG has already secured $5m USD, halfway to hard cap of $10m!

[balodon88]

I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.

When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.

For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.

On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.

In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.

You're right.  Investing in a company without a product is a risk, especially now when the situation is not very good.

[bitmybit]

I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.

When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.

For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.

On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.

In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.

I believe that there can be exceptions, but this is a good rule to go by.  Especially for inexperienced investors.  In my opinion, securing a good advisor, or multiple advisors is important in crypto.  Most people (myself included), just don't have the knowledge necessary to see what they need to.

[Adreman23]

Yeah thats right, dont invest on a project without working product you only throwing and wasting your money.  Those project without product the only goal is to steal money from investors then they run and create again another fake project.Be meticulous when choosing project to invest.

[Owl129]

It is really assuring for an ICO to have a product on their said project this is because many people can see the growth and development of the project based on the product. Most of the time people are experiencing scams in different ICO and that is why people are cautious to invest in an ICO. Investors tend to invest on something that they see the product for development and not merely theory and mostly successful ICO project are projects with a valueable and beneficial product.

[neymarjunior50]

Yes i am agree with you and thanks for your informative information . now everyday new new ico are coming in the market most of them are scam so i think before invest any ico try to research A to z about that company and all the details .

[barsametu01]

Thanks for your info and i am fully agree with you . no product ICOs are fully scam its just the virus so stay away about that ico and dont put any single bucks .

[mimienamphine]

Product is an integral part of an ICO.without product,the founders can mishandle the funds and that is why so many project have died today.If there is a product already,it shows how much the founders themselves have invested in the project and how far they are ready to go for the success of the project.

[markgayamo]

Yes, never trust in a non promising ICO because is a waste of time and effort when you invest to that ICO. There is a lot of ICO right now that are giving a good product but make sure it is paying and legit to the market that they want to join in. Non product ICO is like investing without earning and you will lose all of your profit to that ICO. Always remember risk is part of investment and you will never know the results so choose the right ICO to invest.

[Legwist]

Today, ICO is an important component in the cryptocurrency ecosystem. And for me if a company does not have a product, then this is a scam project. So if you want to choose best ICO you have to check the whitepaper and the team.

[404edson]

Today, ICO is an important component in the cryptocurrency ecosystem. And for me if a company does not have a product, then this is a scam project. So if you want to choose best ICO you have to check the whitepaper and the team.

Many ICO has been successful without a product for the start-up but because of their brilliant ideas many investors would like to support the project to be build in which really helpful for everyone and gives an efficient work. And not all ICOs had already a product become successful because it is in common factor or it was already existed and did not surpass other product that has a potential to grow.

[454875kio]

Not all ico's are worthless investments. I think most ico has huge risks. If you think a coin has an investment value. You can choose to buy it at a lower price than ico after it hits the market.

[Jonnitor]

yeah never ever invest in the ICO without products. it is so unbelievable to have a project without a product. Product is the main thing why people invest in the project. If they sees that the product is so useful to them, they initially invest in it.

[philX]

Your feelings are correct, it is certainly more secure to put resources into ICOs that as of now have a working model. It offers certainty to the financial specialists. However, recollect that there are splendid thoughts out there that need a x-measure of generous add up to try and get a working model. That is the reason I like the possibility of escrowed stores with ICOs, and a network based vote to discharge the assets in tranches.

[pro army]

I also try to invest in a product in which there is at least a beta version, but already working. It's easy to get into the moshenok and there's nothing left to do. See the ratings they help choose the best ico. and reduce their risks to a minimum.