ofounz98712
Newbie
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Activity: 104
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June 29, 2018, 05:42:24 AM |
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Most of those ico review sites are scams. I don't really on them for my ico picks. Due diligence is important to be success with icos. I hope we all do that...
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Cubanlinx81
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Activity: 373
Merit: 11
CryptoRex
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June 29, 2018, 08:50:49 AM |
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I have head that a lot of companies buy rating from crypto currency reviews websites. That should absolutely be expected. The key to success in cryptos is to DYOR and not depend to much on others for direction.
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Victorycoin
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June 29, 2018, 09:07:09 AM |
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The ICO ratings sites are completely worthless as tools for making investment decisions. On numerous occassions I have seen them giving high ratings to projects that were completely fraudulent and that even the most cursory due diligence would have uncovered. They simply reprint whatever information the ICO project gives them and do not do any fact checking at all.
That's right! For any so called investor to lean heavily on the advice of so called expert ratings, means they are fully ripe for the fall coming their way. A question begging for answer is, what made them experts? The decision to invest ought always to spring from an investor after their due diligence, everything beyond that is an opinion that should corroborate what the investor already knows or get him digging for more facts.
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Tokenicide
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June 30, 2018, 07:33:56 AM |
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Thank you for this research. We've also been extremely critical of them, citing obvious conflicts of interest and unrealistic ratings given in exchange for advisory board positions. Our expose is called "ICObench Warmer," available here: https://www.tokenicide.com/opinion/icobench-warmer/. What's most disturbing (or hilarious depending on how you look at it) is how desperate they have become. Last month one of their experts doxed a contributor to our site and another one threatened a lawsuit earlier today, which you can see in the comments to this post: https://www.tokenicide.com/review/ico-update-etherinc/.
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sammy2394
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Activity: 88
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June 30, 2018, 10:17:40 AM |
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I believe in ratings, but not from the big sites like ICO bench, but from the trustworthy and tested communities of professionals of their job in telegram. I am a part in some of those groups and take my daily info from them.
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sebastianweyer655@gmail.c
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Activity: 103
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June 30, 2018, 10:27:34 AM |
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No, it's been known for ages that the website can easily be gamed, not really a surprise.
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Ciucas
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June 30, 2018, 10:48:48 AM |
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I've heard about this in the past, and it's really sad to see that these practices really happen. You've done a really nice investigation, and i guess that now the only option is to study the ICO's for ourselves, and not to put our trust into the so called expert reviews.
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wxa7115
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July 01, 2018, 11:09:11 PM |
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Trusting those rating sites are bullshit. I look for rating at community like bitcoin talk and Reddit. Where the real scenario is always broken down with proofs. Then, I do my own research to make a conclusion.
This is why I prefer to read the ann thread than a review in a website, at least in the ann thread you will read the opinion of many people, some have an interest to damage to ico and some to benefit the ico but there are also many people that are neutral and give their honest opinion about the project and that to me is worth a lot more than the review of some website that could have easily sold his positive review.
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PlayChip
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Activity: 56
Merit: 0
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August 13, 2018, 05:48:31 AM |
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Great article - we were thinking of writing one ourselves along these lines with some of the experiences we have had.
Not a slight to ICOBench - everyone who works for them has maintained the party line of 'no pay to play - experts do everything in their free time for no money etc' despite viewing many profiles of our competitors with 5/5/5 ratings from experts with no comments! Obviously they need to make money - hence the marketing bonuses for payment. But I don't think they actively engage experts for phoney ratings - it's just inevitable that these 'experts' will be corruptible at some stage.
It is quite disheartening the extraordinary amount of scamming and impersonation that goes on in an industry that has come about to bring an end to that sort of stuff!
That being said, I do believe that many of the experts on ICO Bench are genuine and do try and put back into the community. It's just a shame there are those that are not quite so...
Always do your due diligence on every project!
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Psalms23
Full Member
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Activity: 546
Merit: 105
#SWGT PRE-SALE IS LIVE
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August 13, 2018, 06:09:21 AM |
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You cant really trust ICO ratings nowadays, athough there was a time when I had trusted ICO ratings and did mo good favors but most todays are only bought. It so sad that this crypto world has become so corrupt and greedy by time.
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lobo13hf
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August 13, 2018, 06:15:33 AM |
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Thank you for this research. We've also been extremely critical of them, citing obvious conflicts of interest and unrealistic ratings given in exchange for advisory board positions. Our expose is called "ICObench Warmer," available here: https://www.tokenicide.com/opinion/icobench-warmer/. What's most disturbing (or hilarious depending on how you look at it) is how desperate they have become. Last month one of their experts doxed a contributor to our site and another one threatened a lawsuit earlier today, which you can see in the comments to this post: https://www.tokenicide.com/review/ico-update-etherinc/. Even there was a lot of people have created a lot of article about that but it seems like a lot of people have already ignore the coinbench. it's piece of shit even i can assume that was having a lot of correlations with so many scammers to create such a fake rate to the scam ico. what a shady thing.
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Gromx
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Activity: 280
Merit: 1
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August 13, 2018, 06:34:46 AM |
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I do not trust this rating service , but I look at it. There are a lot of such and it is difficult to understand which of them is really correct.
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Taner
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August 13, 2018, 06:38:39 AM |
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I no longer trust any of the ratings, although I relied for example on icodrops. But all of them pursue their goals to promote a particular project, and you should always think with your head.
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chip1994
Sr. Member
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Activity: 868
Merit: 251
HEX: Longer pays better
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August 13, 2018, 06:40:47 AM |
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Believe in ICO projects with high rating on ICO listing site like ICObench is the worst idea ever . Investors will lose their money very quickly if they choose all the best ICO projects on ICObench. LOL. It's really easy to get high rating on listing website like ICObench, you guys just need to pay them suitable amount of money to be the best on their website.
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askmecrypto
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August 13, 2018, 06:43:53 AM |
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Over the time, again and again, I try making people aware about not to trust any of the ICO rating services, everyone is sitting here to earn money and they will go down to any level to do that.
Since the beginning of this year, you will see every ICO project getting a 4+ rating on ICOBench and similar platforms. People should get aware about this and must start doing there research before investing.
My simple question is, how investors fall into suggestions and comments and reviews from a completely stranger and there articles.
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sircy
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August 13, 2018, 06:52:37 AM |
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the site rating ICO certainly also paid from the work that they do. This I think is not effective because many assessments of the site rating are not like reality. many of the assessments of rating ICO contains fraud but also prevail and succeed. but of course, this provides enough vigilance also results for future later. better analyze yourself than to rely on the site rating ICO.
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fanji
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August 13, 2018, 06:53:04 AM |
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the website that provides investment project value is very common in my opinion. In the world of Cryptocurreny, what is more about buying ratings, I personally as an investor ICO does not refer to some rating platforms, because the platform only gives ratings not accurate predictions about the authenticity of the project rated . there is no guarantee of a successful project by only getting a good rating on a rating platform
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kostagr33k
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August 13, 2018, 03:01:15 PM |
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I'm upset about the news. I'm used to trust ratings before I make a decision. I'll be more careful in the future.
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Asukilp
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August 19, 2018, 10:56:09 AM |
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It isn't new as I have perused an article on this a while back and the enormous sum gathered by ICO seat for rating. The thing is that such an excess of rating and audit site sucks and all they think about is the sum they get the chance to make and think less about financial specialists endeavoring to utilize their site for reference or something. Also, ventures that wound up being trick can without much of a stretch be erased from its database in any case. This is the reason it is exceedingly important to just trust in your own particular due perseverance before settling on any venture choice.
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mutrang23
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August 19, 2018, 11:06:28 AM |
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I hate all ICO review sites, and I hate ICObench. These Web sites usually offer new industry-related ICOs, but they do not have any unique features. I am all bad, 90% of ICOs reviewed are Scam projects. I'm terrified of all the worst things my website reviews bring.
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