BEWARE OF ICOBENCH

[Bencus]

I deep down felt icobench is a bit sketchy, but if what you wrote is true, I was naive. I knew they were promoting some ICOs, but the extent they did it is incredible.

Are other ICO sites similar? If I ever plan to invest into ICOs again, I wish to know how biased are these sites.

On the other hand, if you check 5 ICO rating sites, especially the experts, particularly those who criticise the project, you should have a clear picture if a project is worthy of investing. I usually like to have a word from the youtuber, CoinBlock (Charles is the guy's name). He is relatively unbiased, he has that critical thinking that really appeals to me.

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[rltim555]

To be honest I no more pay any attention to ICObench ratings. It is obvious that majority of ICOs listed there just pay for such type of promotion and these fake estimations don't  accurately reflect the real situation. ICOdrops is far better.

[spopovss]

I had long suspected this site of deception. Ratings are bought, because in often in the top are very bad projects. I trust only icodrops.

[vermigerous]

I like them because the most ICO that they rate is become successful however i'm not convince with their higher price when it comes to their premium. like you said 10BTC for just 7 days of advertisement. I don't buy that.

[xOdiumNostrumx]

Its quite visible from a mile away that their whole "operation" is of questionable credibility. The only ICO reviewing site that I trust is Icodrops in addition to some prominent ICO reviewers on Youtube as well.

[hlopchik3000]

Now generally you should not trust sites evaluating ICO-projects. Independently check and evaluate. Believe me, this is much more profitable than trusting all these resources, which were created not for help, but for earning momey

[Alstad]

About ICObench, all we know is that there is three type of application to publish an ICO: free, priority (0.1BTC) and priority listing + priority application (1BTC). It is also mentioned in the Terms and Conditions. But we will never know if something is happenig behind closed door of ICO rating services.

I don't agree with this economic model for ICO rating services but what can we do? What bothers me the most is the lack of professionalism (perhaps even the lack of any real investigation) of the these called experts. This will damage the whole ecosystem and a lot of naive investors will lose their money.

The bad news for these rating services is that they will also be held legally responsible if they endorse or advertise a scam.

[2Pac]

Thanks for pointing out this issue. This is a known fact that ICO rating sites are not honest. Some projects are overhyped because of their ratings. Money talks here, as in everywhere else.

[qiman]

I just go there for some informational purposes only. I do not only take their ratings as a form of due diligence. I always check out other types of information as to what the product or service from an ICO is and also the Team, roadmap, marketcap etc. I think we should take these rating sites as a pinch of salt as the CRYPTO INDUSTRY is very much still in its infancy and so not many sites are yet accredited or regulated as much as we would like to see in order to protect people from various scams. I hope ICOBENCH is not a total sham I will do more research on the matter.

[k-west]

I suspected it.Actually I never believe in any ratings and comments.Yes,I sometimes take a quick look at specialized sites like Icobench or Icorating,but I dont take them too seriously.

[bcointt]

Thank you. I began to notice too that something not so with this website. ICObench just makes money on advertising.
Always I check analogs, but also another website lie. Don't trust anybody - basic rule.

[dollurs]

ooops. Are you serious ?. Because I've seen that some projects are proudly telling that they have been got ratings at icobench. This is a news to me. Anyway, thanks for informing us.

[evgenij.burchak]

I believe, that if test all existing rating agencies, then of them good will be only 2-3 pieces. And what I want to say. If you are thinking of investing in ICO, it is better to sit on your own and check the team of interest, rather than relying on such altruistic sites.

[pey]

There are few trusted websites listing ICOs and don't think they list or promote scam ICOs as they offer good amount of money, so there is no need to search for different ico listing websites.

[miyaka26]

It is so expensive to have a good listings to that website $290,000 plus for a premium listing? 1 btc is so expensive for an ordinary person how much more for that price, if you have a good damn ICO then why to have a costly enlistment? it is better to use that amount bitcoin for promotional and development purposes of the project that's why you should never depend on the rating site though they may help, but to fully depend is not always the option, do your own ratings to find those good projects.

[BitcoVast]

few months ago i ever wanted to use icobench fire, i tried request fire key to icobench, but till today icobench does not send fire key. I think it's free, but after I read your post, I was thinking, maybe using not free icobench api.

[mybloomingpath]

Thank upi for sharing this information. I hope your post will reach as many users as possible, cause such kind of ratings are useless in this case.Many people invest just after listing there and trust ICOBENCH rating too much. Of course investors should consider other sources of inforamtion but in any case ICOBENCH rating plays very significant role.

[HALLASTERA]

I'm not use icobench but it's not news for me. Every ICO's lists like Icodrops or other site sell out their services for crazy money because people trust them.

[charly1987]

What a nice game & what a nice Pot!!!.

[rackam]

ICO Bench, one of the biggest ICO listing site has been caught with multiple frauds. Let’s start from smallest one.

https://medium.com/@filip.poutintsev/beware-of-ico-bench-a41e401b69ea

I don’t recommend anyone having any business with the ICO Bench.

1. Overpriced useless promotional packages

Most expensive promotion package on ICO Bench is “Premium Hit” that costs 35 BTC and last 45 days. If you count highest price per day, “Premium Deluxe” last only 7 days and costs 10 BTC.

So what do you get for such high price? Not much. I’ve heard from several ICOs that the money they paid to ICO Bench were practically wasted. Yes you get some traffic, but compared to the amount it’s the most expensive traffic in crypto world and the quality is just average.

2. “Free” ICO listing

While ICO Bench claim to offer ICO listing, that’s a total lie. Well technically they do offer free listing, but you’ll have to wait for months to get listed and by that time your ICO sale will be probably already over.

3. Terrible customer support

In best cases you get a reply after 1–2 weeks, but if ICO Bench don’t find your message to be interested they will not reply at all. Writing on their social media also get no response. It seems even though they make huge amount of money only 1 person is handling customer support.

For example things like KYC procedure of ICO founders take huge amount of time, even if you paid for “premium listing”.

4. No one is checking ICO Expert application

Like with the customer support no one bothers to check Expert applications. People have been waiting for months with no results. I have been checking the list of Expert and in past few months and there hasn’t been any new faces on the list. It seems that no one is approving new Expert applications.

5. False ratings

ICO Bench’s own ICO rating bot “Benchy” will give rating according to which promotional package you bought. The more you paid the better rating you will have and if you only paid cheapest fee for listing, you’re rating will be low no matter how good your ICO is.

6. False ratings by ICO Experts

While accepting payment for rating is forbidden according to the terms, almost every expert does that and ICOs are happy to pay for it.

7. No company, no contact information

There is no legal information about ICO Bench. No company info, no physical address and no names of people behind the project.

If you search ICO Bench on Linkedin, you may discover few employees who all work from Russia, therefore it seems that ICO Bench is a Russian set up, though where it is legally registered (or if has been registered at all) is unknown.

It sure seems that ICO Bench does everything to hide the information of it’s founders, probably because of the reasons mentioned above.

Do you know any other dirty secrets of ICO Bench? Please share them in comment section!

It seems that creating website like a ICOBench is much profitable!
You will pay more for listing on ICOBench than for listing on the exchanges  .