poutintsev (OP)
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May 24, 2018, 07:09:14 AM |
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I have noticed recently that some ICOs do things the most hard way, making it difficult for themselves, for investors and in addition to that behaving like a scam ICO (when they are not), which makes it more difficult for people to identify scam.
Read full post here:
https://medium.com/@filip.poutintsev/wrong-directions-in-ico-industry-ecbc30a2910d
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My trust score has been ruined by fake negative reviews by lying users. Click on my "trust" and then "reference" to see for what exactly I got them.
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Hellobx
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The Experience Layer of the Decentralized Internet
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May 24, 2018, 07:15:59 AM |
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At present, most ICO projects look more like a hype, which is also a concern for me.
People don't care about the future of the project, they only care about whether the project can be profitable in the short term.
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pageraji
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May 24, 2018, 07:19:25 AM |
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so many ICO 's scam, may be when all ICO have to escrow fund i think its safer for investor, when softcap not reached its easy to refund..
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xcbjsuw
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May 24, 2018, 07:34:52 AM |
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so many ICO 's scam, may be when all ICO have to escrow fund i think its safer for investor, when softcap not reached its easy to refund..
What if it has reached softcap and the ICO is still a scam? ICO scam is not only because it does not reach softcap but maybe because it has been planned from the beginning. What do you think? |
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poutintsev (OP)
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May 24, 2018, 07:47:45 AM |
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People don't care about the future of the project, they only care about whether the project can be profitable in the short term.
What's wrong in short term investment? You can't demand that people who buy tokens will hold it for years. Fast short term investments are what drives ICOs forward. |
My trust score has been ruined by fake negative reviews by lying users. Click on my "trust" and then "reference" to see for what exactly I got them.
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DevelopmentBank
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May 24, 2018, 07:52:04 AM |
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What ICOs are doing wrong is that they are SCAMMING people with promises of silly innovations that will never really amount to anything.
At the current state of crypto, i only completely believe in Bitcoin and Ethereum which have more than proven themselves to have the potential to really change the world. There are some other coins out there that are worth the time, but i haven't been able to dig into the research just yet.
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vasil777
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May 24, 2018, 07:54:28 AM |
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Now there are really a lot of projects that look like a scam. Just everyone wants to get a quick and big profit and nobody thinks about the end product. Many projects cease to evolve after having successfully carried out the ICO and it is very bad! |
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pageraji
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May 24, 2018, 07:56:29 AM |
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so many ICO 's scam, may be when all ICO have to escrow fund i think its safer for investor, when softcap not reached its easy to refund..
What if it has reached softcap and the ICO is still a scam? ICO scam is not only because it does not reach softcap but maybe because it has been planned from the beginning. What do you think? it not ICO, its a robbering...its a crime not scam |
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Petersha
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May 24, 2018, 07:58:46 AM |
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Most of the ICO's are not backed by product. They are just making coin.
Always check project detail, their partners and team member before you join ICO.
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wpalczynski
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May 24, 2018, 08:01:33 AM |
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so many ICO 's scam, may be when all ICO have to escrow fund i think its safer for investor, when softcap not reached its easy to refund..
Not reaching soft cap is not a scam, it's just a failed ICO. A scam is when they actually reach the cap and then leave with all the money. It has never happened to me, because I do thorough researches before getting involved in anything. |
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poutintsev (OP)
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May 24, 2018, 08:28:49 AM |
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Not reaching soft cap is not a scam, it's just a failed ICO. A scam is when they actually reach the cap and then leave with all the money.
Correct! |
My trust score has been ruined by fake negative reviews by lying users. Click on my "trust" and then "reference" to see for what exactly I got them.
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ivlvov
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May 24, 2018, 08:37:34 AM |
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Most of the ICO's are not backed by product. They are just making coin.
Always check project detail, their partners and team member before you join ICO.
So, you are right, a lot of new ICOs are not currently thinking about making the final product, but just thinking how to sell a lot of coins and make money. You need to be careful not to invest in projects that only think about profits. |
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Glory90
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May 24, 2018, 09:12:47 AM |
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What ICOs are doing wrong is that they are SCAMMING people with promises of silly innovations that will never really amount to anything.
At the current state of crypto, i only completely believe in Bitcoin and Ethereum which have more than proven themselves to have the potential to really change the world. There are some other coins out there that are worth the time, but i haven't been able to dig into the research just yet.
most of the teams are amateur entrepreneurs they cann't take advantage of market opportunities, they just target the crypto community market without trying to compete beyond that, their innovation will be useless if the way to compete like that |
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MasterNodes.Cash
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May 24, 2018, 09:22:25 AM |
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What ICOs are doing wrong is setting over-ambitious goals, which are bound to fail. Not many ICOs are straight out scams, they just overestimate their capability and fail to meet expectations, which ultimately buries them. There is a big difference between bad ICOs and scams.
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UrKarma
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May 24, 2018, 09:24:01 AM |
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ICO on the MyWish platform are verified and 100% not scam!!
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sehoon
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May 24, 2018, 09:29:52 AM |
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I don't think they should start a project if they are just going to look like as scams. They are just wasting their time if that is the case. They should read more about cryptocurrency and how to handle a project properly in order to have a mutual development between the investors and their team.
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wissy
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May 24, 2018, 09:37:50 AM |
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I think many ICOs lack knowledge. Because it only seems so easy to conduct an ICO and collect some money. In fact it's hard work and a team should be really committed if they wanna do good. Marketing becomes more and more important these days, so unless your marketing is good enough, nobody will know about your project. There is a ton of things that can go wrong while conducting an ICO, like everywhere.
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loyaeskiron
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May 24, 2018, 10:55:20 AM |
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The assurance on this business especially ICO'S are not totally one hundred percent providing a good contributions to every people who access it. However, even there are several problems arise, but still a lots of people who want to joins and wants to access for it, in order to have extra income.
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Wearegoodfrends
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May 24, 2018, 12:59:41 PM |
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Companies spend money on marketing. Why advisers do not suggest the best solution? At the same time, competent ICO are held, why not use their experience? I do not understand...
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ico-services
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June 25, 2018, 05:46:25 PM |
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Nice article!
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