Can we still trust ICO Rating Sites Like ICOBench

[Kulichku]

I'm interested in the rating on ICOBench and other sites, I'm wondering what they think about the ICO. I do not particularly believe in the high rating, but the low score worries me. I prefer not to participate in such companies.

[1714894009]

1714894009

[Twkasun52]

ICO Rating site really have trust issues.We should not trust their ratings blindly.May be anyone can buy them for money.Who knows.Its always better to study yourself more abut the project you are going to invest.

[arthur305]

Definitely can't trust ico bench for anything. Any ico scoring site that receive money to rank icos are just completely scammy.

[Masha Me1]

Perhaps, and you can trust. But I'm used to believing more reviews from the crypto-drivers themselves. After all, this information is much more reliable. Than ratings on sites. But this is purely my opinion of course.

[Anyobsss]

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

Well, it's no surprise. They created that ICO rating site with the intent of making money so it would not surpise me if they will accept money for a fake rating.

[yinoye]

Well I use icobench and some other ico rating platforms to do part of my research when I want to invest my money or time. But I don't see them as fool proof. Even the highly rated icos can fail or even scam. Just do additional analysis.

[YoungMaster]

It seems the website owner provides a fee for giving a high rating which indirectly promotes their ICO.
I suggest you to still do analyse by reading an ICO whitepaper before invest.

[Asuspawer09]

This Is How Easy It Is to Buy ICO Ratings .
Believe it or Not. the Whole ICO stuff looks scandalous this days. New investors can easily fall into this trap if they fail to make proper investigation before investing into new ICOs. Can you imagine that rating sites today do contact ICO owners and ask for a certain amount of fee for a high grade and rating on their site.
If you double, please read this article. It is an Eye opener. what are your sugguestions as well.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394

Actually we may consider the results on any ICO rating sites but the fact that it won't determine the real outcome of the project or it is just speculations made by the majority, we should not rely that much when choosing an ICO to invest or participate with. As an investor, you should make your own assumption because it would be your money to be invested so the decision would still be depending to the investor himself.

[wildflower18]

It seems the website owner provides a fee for giving a high rating which indirectly promotes their ICO.
I suggest you to still do analyse by reading an ICO whitepaper before invest.

I agree, it is better not to trust this site for choosing an Ico to joined. Usually they ask for fees better to do such investigation first before judging any Ico. We have to be observant first this is for our own good to avoid scam.

[Cashi]

Thanks for bringing up this topic OP! I also agree that most ICO sites are mostly paid of the ICO teams to get a high ranking and the project itself is not rated as such. I recommend to use these platform only as an overview and don't take there ratings too serious.

Well I use icobench and some other ico rating platforms to do part of my research when I want to invest my money or time. But I don't see them as fool proof. Even the highly rated icos can fail or even scam. Just do additional analysis.

Yes if the ratings are real, but I doubt this. There are so much shady marketing campaigns recently...

[chokomenia]

Right from the time I join crypto space, I don't use to believe ICO rating sites unless i have done my own research and believe in their rating, most of their expertise solicits money for them to give a good review, so it is good everyone do their own research and compare with theirs

[fancrypto]

Do not trust ratings, they are always deceptive.
Rating is from the quality of filling in the profile on the site

[Bavaria]

If some ico have enough money, then most likely this ico could buy any rating if required. So when you're making an investment based on rating, you need to do an additional research.