Never invest no product ICOs

[pinoyden]

all ico do have a product or a service because without it , then the ico will not be possible . product and service is not also the basis when we are choosing the right ico but rather , we need to look if they are trully legit by checking their info and contact details  . if a number or an email that you contact does not respond , then chances are that ico is really a scam . same as when locating their location .

[Rockkey]

all ico do have a product or a service because without it , then the ico will not be possible . product and service is not also the basis when we are choosing the right ico but rather , we need to look if they are trully legit by checking their info and contact details  . if a number or an email that you contact does not respond , then chances are that ico is really a scam . same as when locating their location .

The email address and telephone are the smallest things that you need to pay attention to during the analysis of the project. There are other things, such as the presence of repositories at GitHub.

[trolpoloto]

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.

Now a lot of scam projects and therefore it is very risky to invest in a company without a product.

[kipozer]

This is a good idea and in most cases I would have made a choice in favor of such a project, which already has some kind of product, because this is a serious indicator for the project itself, I would probably still invest in this project than in any other .

[OneCoinMan]

Today, very few ICO have a product. But! Waiting for the product can give a small boost to the coin on every good news. Therefore, not everything is as straightforward as it may seem.

[EmJay]

I agree with you. When a product or working prototype, it gives more confidence in the successful completion of the project. After all, before the ICO to create a prototype, the company worked and found investments, it means that it really works, has experience, knows the weak points of the project and will overcome them.
ICO without product are like a scam

I agree with you too. When the ICO project has a product surely it has a big future. In my personal  experience the project with product becomes successful. Tha value of their tokens are bigger.

[GreenAnat]

I agree. In ICO, the most important thing is a product. That's why the collection money begins. I always look at what product the team is promoting, what is its benefit for the cryptoworld, whether it will be of interest to the community, what problems will close and its uniqueness. If most of these questions can be answered positively, then I try to take part. But now, unfortunately, there are not enough such projects. The last one that interested me is W12.io in which I take part in the bounty))

[picaszo]

I strongly agree.
investment is not like buying a cat in a sack. we don't know the shape but reckless buying finally regrets. it is precisely the company that offers us its products so that we are interested in investing

[Groxnii]

With a working product, it gives investors more confidence and confidence that the project is on the right track. The working product is always on my checklist before I invest in some ICOS

[Prostotak]

I agree with you, a good analysis because ICO tokens are based on the real value of a project, when a product or work prototype gives more confidence in the successful completion of the project. After all, before the ICO makes a prototype, the company works and finds investment, it means that it really works, has experience, knows the project's weak points and will overcome them.

You're right.  If the company does not have a product, then such a company is less trusted.  And most likely this company will not reach the soft cap.

[farland7]

There are many examples when projects without a product were given X10-50. Do you want to bypass such projects? I guess not. Everywhere you need a quality analysis.

Yes, before joining we need to learn about the project and see if it can be good or not. Otherwise we can throw the baby out with the bathwater, and miss the opportunity to increase our capital 10x.

[deredevil]

It's very risky, and I won't do it. The attraction for investors and the public is the product of an ICO, where the product will be the main target for the teams to continue to develop and provide the latest works of the product. So that it will provide a strong reason for investors and the community to remain in the ICO.

[retnoanjani]

I strongly agree.
investment is not like buying a cat in a sack. we don't know the shape but reckless buying finally regrets. it is precisely the company that offers us its products so that we are interested in investing

So it is very important to analyze realistic products and projects. The development team, white paper, website, token sale and roadmap must be clear. Website display and sales of tokens that are open can be an assessment.

[BCHachiman]

In most cases it is a scam , much better to stay away and do some quality research about decent project that will adopt the blockchain technology such as Trustedcars it was founded on October 2015 it is one of the largest online shop for cars in Europe because of their huge success they have secure many partnership such a car- financing , well-known car dealership and specially with insurance & warranty companies . So we can say that this project will have a huge success because it is already in used and tested by several users !

[miropp]

Good idea. Now investors want to be sure that the project team will not deceive them and that their tokens have a good prospect in the future. If the project already has a product and it has something to show, it inspires confidence. So I think it's right that we pay attention to this.

[adekogbe]

Even after through research and a great team a lot of products ICOs usually fail soon after they begin Because the crypto market is still too fresh for real products rather, blockchain, protocol, and finance projects will excel in the current market.

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[CryptoToxicAvenger]

The product is one of the important factors for the project. But in addition to having it, you should also determine whether it will be useful. There are times when the team was not able to realize your product. So it is necessary to take into account a set of different factors.

[qtronix]

Having a product is one of the deciding factors for me. I always pay attention to this and see whether their product will be useful in the future. Of course, this is not a guarantee that such a project will not be fraudulent, but I think it adds confidence to it.

[lovemsngr]

I think the reason behind never invest in no product ICOs it because there’s a big possibility that this is a scam business only that have aim to earn your money in bad way for their own goods  in this business.

Right. How can there be an initial coin offering without a coin? I don't get it. We need a working product as a proof of life of the company and a proof of it not being a scam.

[Niklortof]

Now generally investing in ICO is very risky and even more so in a company without a product. I advise you to invest in ICO a small amount of money.