ICO Ratings and what they mean and don't mean

[MoonIsBlue]

As of late I've noticed on this forum comments about ICO ratings, and how certain projects are good based on those ratings. Let me start of by saying this:
ICO Ratings don't mean anything People coming into crypto need to stop being naïve. These ICO ratings can easily be bought up and you don't know anything about their supposed Experts.
Anyone calling himself an expert in a field of technology or practice that has been around for a few years, where most people find it hard to imagine future implications or are simply unkown, is not an expert. There are no experts.

So do your own research instead of investing by ratings or even considering these ratings. Its a scheme, ICOs pay for ratings so more money flows in. Websites have their ''experts'' so people will come back because they think that website gives them information from ''experts'' for free. Even if there were any experts you think they'd be sitting around rating ICOs? If you are an expert in Blockchain I bet you have much more potent things to do than writing an ICO review.

You think any website or rating is going to tell you which are a scam and which are not? Likely they can't even tell a 1 from a 0 because all those ratings get bought.

So stop being naïve and start learning the trade.

[richjohn]

As of late I've noticed on this forum comments about ICO ratings, and how certain projects are good based on those ratings. Let me start of by saying this:
ICO Ratings don't mean anything People coming into crypto need to stop being naïve. These ICO ratings can easily be bought up and you don't know anything about their supposed Experts.
Anyone calling himself an expert in a field of technology or practice that has been around for a few years, where most people find it hard to imagine future implications or are simply unkown, is not an expert. There are no experts.

So do your own research instead of investing by ratings or even considering these ratings. Its a scheme, ICOs pay for ratings so more money flows in. Websites have their ''experts'' so people will come back because they think that website gives them information from ''experts'' for free. Even if there were any experts you think they'd be sitting around rating ICOs? If you are an expert in Blockchain I bet you have much more potent things to do than writing an ICO review.

You think any website or rating is going to tell you which are a scam and which are not? Likely they can't even tell a 1 from a 0 because all those ratings get bought.

So stop being naïve and start learning the trade.

I can't agree more. This whole rating mechanism is flawed. I have seen fake and scam ICO being top rated at many so called rating websites. Anyone can easily buy these ratings. I don't think big investors really care about these ratings. Usually the small investors are the one who falls for such ratings without doing their own researches. Nowadays, considering the ICO rating from various website has become a norm for the small investors and they are the one who get scammed out of this.

[ghonkz]

You see that, even site like ICO Bench give 4/5 rating for scam ICO. But yeah non of them actualy know which project will become scam in the end. They just check the company background, people who work in it, and the product of that ICO. I mean even some solid loking project can turn to be scam so just do your own research and hope for the best.

[Vincente]

This is one of biggest ICO in Germany .... People will heavily loose their belief on German startups in future:

https://www.financemagnates.com/cryptocurrency/news/german-ico-savedroid-pulls-exit-scam-raising-50-million/

[valek.bruno]

In general, rating sites seem to me to be wrong and most likely some projects that want to get positive evaluations of projects, just buy an estimate, I think that today it will look like this, most likely just such services are similar to such bribery services.

[googs84]

Yup not bad thinking and something anyone with knowledge of the area can tell that they are just bluffing around. I have also mentioned this many times in my earlier posts that ICO ratings or even there are some ICO reviewing sites who gives review are the bought one in first place. I mean ICO can do anything to make their publicity and now a days these websites do ask people to vote so that they can get paid for it. This increases the publicity of both ICO rating site and the ICO itself. This can lead to falsification of the ratings and thus investments as well.

[AUruHM]

As of late I've noticed on this forum comments about ICO ratings, and how certain projects are good based on those ratings. Let me start of by saying this:
ICO Ratings don't mean anything People coming into crypto need to stop being naïve. These ICO ratings can easily be bought up and you don't know anything about their supposed Experts.
Anyone calling himself an expert in a field of technology or practice that has been around for a few years, where most people find it hard to imagine future implications or are simply unkown, is not an expert. There are no experts.

So do your own research instead of investing by ratings or even considering these ratings. Its a scheme, ICOs pay for ratings so more money flows in. Websites have their ''experts'' so people will come back because they think that website gives them information from ''experts'' for free. Even if there were any experts you think they'd be sitting around rating ICOs? If you are an expert in Blockchain I bet you have much more potent things to do than writing an ICO review.

You think any website or rating is going to tell you which are a scam and which are not? Likely they can't even tell a 1 from a 0 because all those ratings get bought.

So stop being naïve and start learning the trade.

I think same. But I make slightly different conclusions. Do not believe all on the web. Make own research and own mention about ICO. And this gives chance to minimize ads and paid influence on own mind

[Be_Happy]

I conduct my own research of those projects that interest me, because I saw how people sell good reviews on ICO Bench.

[AshCoins]

The rating sites are useful for helping to identify which projects to research.  For example, on Icobench, I can quickly sift through dozens of ICOs and see high level details about the type of project, the country, and the cap.

[Mrs Troll]

That's why you need only 2 metrics for success - approved info about legit company registration/office address + high level of hype around the project.

[Schirer]

The rating sites are useful for helping to identify which projects to research.  For example, on Icobench, I can quickly sift through dozens of ICOs and see high level details about the type of project, the country, and the cap.

Yes, I agree the ICO raiting portal is good for discovering new projects but i personally do not relay on their score what so ever , i do my own research and reading before participating in project what so ever.

[Imfinnabeon]

Anybody who believes ICO websites at face value I feel like the kind of deserve to get taken for a ride at that point. You can't be that naive in this world, otherwise the world will teach you a painful lesson quick.

[cryptomorphines]

You see that, even site like ICO Bench give 4/5 rating for scam ICO. But yeah non of them actualy know which project will become scam in the end. They just check the company background, people who work in it, and the product of that ICO. I mean even some solid loking project can turn to be scam so just do your own research and hope for the best.

Bullshit experts,getting paid with their reviews! what a shame ,noob so called experts are putting good remarks without good informations from their own research,what a douchebag!These websites shouldnt be trusted because they are just getting paid everytime they are giving good reviews to these scam priojects.

[iigor]

I don't believe to ICO Ratings and I think no one should. Everybody is responsible for their own actions, but I don't understand people who commit their own money based on somebody else "expertise".

[mariangpalad]

Those experts looks discusting,i never based my decision with these reviews because i know to myself these people wont going to make money when they wont paid by these ICOs,mind conditioning is the right word to be use to these scam ICO review websites,theoretically they can be part of it that is why they are giving good reviews.

[gold1112]

I don't believe to ICO Ratings and I think no one should. Everybody is responsible for their own actions, but I don't understand people who commit their own money based on somebody else "expertise".

ICO raiting portals are good for discovering new projects but i personally do my own research and reading before participating in project what so ever. Nice projects of this week are Lendingblock and Nebula AI.

[cryptamod]

Yes of course,these so called experts are amateurs which has some small knowledge about blockchain.Most of them doesnt have credentials from the universities or companies they are claiming that they are from,relying to these websites surely is suicide! Investors shouldnt be relying to any website or people for their investments because their monery might be put at risk!

[joletartare]

This is one of biggest ICO in Germany .... People will heavily loose their belief on German startups in future:

https://www.financemagnates.com/cryptocurrency/news/german-ico-savedroid-pulls-exit-scam-raising-50-million/

I don't know if Savedroid was really a SCAM ICO...I hope it wasn't because I was involved in their bounty.
I must admit their sense of humour if I was cheated by them