ICO Investor, don’t trust ICO listing sites!

[poutintsev]

Read why you should never trust ICO listing sites.

https://medium.com/@filip.poutintsev/investor-dont-trust-ico-listing-sites-bef748697200

[ahmadakbari]

Completely agree.
Based on my experience, Some ICOs that are top-ranked in ICO listing websites, raises big money. because they are popular and there are many people trust ICO listing websites. But sadly after they collect that big money, there is no development on the project.

[ModaFuka1994]

There are so many ICO listing sites on the internet ). It's hard to know which one truthworthy and I think of course a lot of ICO listing sites received money to give any ICO project high score on their website like any cryptocurrency listed as coin of the week by John McAfee. LOL. For me, I only often take a look at icoscanner.io to know how many ETH these ICO project got to know if they're good or not.

[IgorShumilo]

The author of the article is absolutely right. Maybe a year ago or a little more you could trust such sites and lists, but not now. Personally, I use these sites only to see new projects, and then I'll analyze it myself!

[Everglow]

I agree with this point, a project can pay money for a higher score on that site, it is a kind of marketing like bounties campaign in this forums   Many investors don't have time to read or research, so they trust some reputation website  

[thefaucetrunner]

The author of the article is absolutely right. Maybe a year ago or a little more you could trust such sites and lists, but not now. Personally, I use these sites only to see new projects, and then I'll analyze it myself!

I agree. When this type of ranking site does well, they start out legit, but after they have gained a lot of trust, the authority and influence they have is so valuable and it becomes so tempting to sell their influence to the highest bidder. This goes for all these ranking-type sites, and just ico-related ones.

[Iamdeadlyz]

Well some ICO listing sites like walruscap and ICO Drops are helpful enough. Others only take some money to gain profit

[poutintsev]

Well some ICO listing sites like walruscap and ICO Drops are helpful enough. Others only take some money to gain profit

Yes, if they just provide list of all ongoing ICO sales then it's good.

But when they start offering promoted posts or start rating ICOs, you should be skeptical.

[Classica35]

This is nothing but the fact. From experience, i have seen and participated in some projects listed in big ICO sites, because of the popularity of those sites, they gained attention from large audience. Their ICO became successful, but at the end the whole thing was a shamble. Most investors were at loss. It is high time these big ICO listing sites verified the genuineness of these ICO before listing them, because investors trust their sites. Else, they will totally loose their integrity.

[platinov_and]

Read why you should never trust ICO listing sites.

https://medium.com/@filip.poutintsev/investor-dont-trust-ico-listing-sites-bef748697200

In this area, a lot of fraudulent sites have recently appeared, but there are many who can be trusted. Fraudsters put good marks on new projects for money. It's very bad that they give us false information and we can mistakenly invest in the scam.

[flashmark]

Good article. Most of the ICO review site gave good review score, after getting money from the those ICO. When I'm looking for investing in ICO, I search for several ICO sites and youtube. After shortlisting, then I do my own research. Only after that I'm investing on ICO. But this approach has some problem too. But I couldn't find any better approach yet.

[xpazer]

Totally agree, i know most ICO have many rating from ICO rating, or summary information site. Most the team listed in their websites is project of them have 9.x point, five star and some think like that. But include with that, very ICO will come be scam 

[OuterTech]

I think it should be "don't trust every ICO listing sites" cause IMO not all ICO listing sites are trash, I know all of them also received money to promote for ICO projects but I think there are still some ICO listing site is legit and truthworthy. I'm still using ICO listing site to find out good ICO project to invest in and it still work really good or maybe just because I'm a lucky man

[AntoCokbun]

it is very difficult to find a reliable ICO especially on the ICO list site. is just doing your own research that might be able to get the best information about the ICO so that we will not hesitate to invest.

[poutintsev]

With ICO listing sites, rating of ICOs are in hands of few people, which is dangerous for whole industry.

[khendjer]

Read why you should never trust ICO listing sites.

https://medium.com/@filip.poutintsev/investor-dont-trust-ico-listing-sites-bef748697200

You have a point. In order to make a good ICO analysis, ICO listings should also spend a lots of time studying each ICO. Even if they are honest and don't take any money for their ratings, I doubt they can afford to spend significant amount of time to make a good analysis of each ICO or hire a large enough team of analysts (developers, financial experts, economists, blockchain experts and etc) which can analyze many ICOs in parallel. The amount of new ICOs every day is much bigger then the real amount of ICOs which ICO listings can analyze thoroughly.

Their ratings shouldn't be taken as an undisputed true but rather as just a list or as an advertising. They can be used only as a good starting point for your own analysis and not more than that.

[poutintsev]

Not to mention the huge amount these ICO listing sites charge from ICOs. Just crazy! One of the ICO I know just wasted $35k on ICOBench and got almost nothing in return.

[Xelpherpolis]

On the websites of ICO-ratings you can really find new projects and get the first information about them. But I would use only top ratings as recommendations.

[Lindsburke]

Completely agree which is why everyone should thoroughly investigate before investing in ICOs. Who is on the whitepaper whats their history? Is what they are suggesting feasible? As with anything it is easy to be scammed and paid to do promotion for something, that's why i always suggest personal investigation

[kryptqnick]

The author of the article is absolutely right. Maybe a year ago or a little more you could trust such sites and lists, but not now. Personally, I use these sites only to see new projects, and then I'll analyze it myself!

I don't even look at those websites. I think the main projects appear in discussions on this forum anyway and there's enough of them for analysis, so there's no need in additional data.
The article is probably right about the rates and stuff, I've seen ICOs buying views on youtube and followers on facebook, so it is not hard to suppose they would buy the rates as well. I was also asked to lead ANN threads or even pump those for money, as I am a Legendary member (I refused to do stuff like that, of course). Yet the article lacks some particular examples and proofs IMO.