Do you trust ICO Rating sites?

[stellatayvc]

They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

Short Answer: Take the rating with a pinch of salt. Spend more time reading the Whitepaper and evaluating the team.

Long Answer:
1) You can pay ICO rating sites to be listed as premium/hot/special/featured/editor's pick listings. These are the ICOs that appear right in your face on the home page so they can more visibility.
2) Ratings received by ICOs can vary greatly from one to another. And ICOs will only feature their best ratings on their website and omit the bad ones.
3) Do some homework and see who rated the ICO. ICOBench, for example, has Benchy (their bot) to do the first round of rating and typically gives quite a high score. Experts rating are supplemented later and usually pulls the overall score down.
4) Scores are not stagnant, it gets updated over time. It is often affected by things like social media activities, how active is their Medium blog etc.
5) On that note of point 4, many of these can be faked. It is common for ICOs to have bounty programs to increase their social media activities, add fake followers in their Telegram group etc.

[Note: I've been part of an ICO team before so I've seen all this happen before my eyes.]

[1714948832]

1714948832

[1714948832]

1714948832

[Um Nik]

ICO rating site are good sources for identifying the quality ICO that may end up been successful. Rating website is not suppose to be the only tool for assessing the viability of good ICO.

The ICO does not being run by the people with the rating websites. They need to chill with those scam reviews.

[Scambusterz]

Earlier I took into account the ratings of such sites as - icodrops but now you can not rely on anyone's opinion. Since the market is in the doldrums of an investment, this is very risky and it is for this reason that you need to think with your head in full.

[souleater1494]

I don't and i will never ! ICO Review sites are biased media their rating is based on your payment that's why many people fall to scam projects because of this !

[Bakemat]

They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

In my own opinion, i still prefer looking at the whitepaper rather than believing on the rates since the growth of the coins is always depending on the developers marketing strategy.

[ryap12]

I don't and i will never ! ICO Review sites are biased media their rating is based on your payment that's why many people fall to scam projects because of this !

How did you know? Have you worked for ICO reviewers? Don't judge them all because there are a lot of ICO reviews which is on the point. Take note the review given are for the project itself, it did not advise any person to invest in the project, they just rate it accordingly.

[hakertajniak]

They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

If you know the ICO rating site can be paid to make the project rated 5 stars, then you must not trust 100% the rating sites.
But one thing you can confirm, the project at least have some real funds to pay the rating site. Then it maybe have a chance it is a good project.

[Ochakemaput]

If you know the ICO rating site can be paid to make the project rated 5 stars, then you must not trust 100% the rating sites.
But one thing you can confirm, the project at least have some real funds to pay the rating site. Then it maybe have a chance it is a good project.

pay to gain high rating is not bad, as long as the project is not a scam it is an attempt to give more confidence to potential investors in order to invest. I myself have never blamed the rating given to a project, the more I see and research the other team like asepek and the concept of the project.

[Jaywahin]

Depends on what services are involved. If the special sites - they would not believe I did not advise. However, for example, in telegram channels people usually express their sincere opinion. But in general, always remember: trust, but check.
I Only Trust SciDex, The SciDex protocol sets out to unlock smart contracts for businesses. It starts by enabling the translation of written contracts to smart contracts and ascends the complexity chart by adding additional trusted, secured and proven layers.

[xberexha]

ICO rating can help us in choosing a good project. But it doesn't promise us if the project will succeed in the end. Some ICO rating after being listed in a good rating, does not mean that the ICO is silent and does nothing. I believe that every ICO rating is a good ICO. But look for ICO with the best strategy in promotion and solid teamwork.

[dodgecharger]

The information on the rating website is not necessarily accurate and timely. If I have invested in a project, I will examine it in many ways.

[puremage111]

Personally i believe most ico sites are very based off self opinion
Some could be paid and bias towards it

But most if you can see, for example.
If i am one who are favor on Blockchain that is focus on the Financial industry, i would mostly give good reviews to related ICO
Hence, It should be an advice or opinion but not a choice

Never invest in some ICO because someone tell you its good

[vfrcbv911]

Personally I don't trust the sites with the assessment of the ico. Many assessments purchased, I know because I've seen how sites have placed the price estimates.

[Komandor8957]

Your story once again emphasizes that you should not trust the ratings of different agencies and sites. If you can buy so easily yourself a good rating, then this will affect the fees for the better. If the project eventually turns out to be scam it will also hit the rating sites.

[Psalms23]

Ive heard a lot about ICO sites being paid to rate some ICO, but so far Ive based my knowledge from ICO sites and has not yet failed me so far. But being vigilant and double checking some information you  got from ICO sites can be very helpful too.

[Edgarroni]

The partnership of the project is also one of the most important factors in the requirement for investors to consider carefully when deciding to invest in an ICO project. Partners are a good indicator of how good this ICO project is.

[Albertio]

For me basically depends on some news to determine the ICO business ranking has framed a terrible guide for financial specialists. The ICO trick has disappointed the entire market, financial specialists have lost certainty and cash, and many rating sites are not definitive.

[captin crunch]

I personally always check projects at www.icoguide.com they have no paid rates, and they have realistic reviews. But it is one of the criteria while selecting the project, deeper research is always necessary before investment.

[Lambe Ndumble]

ICO rating site are good sources for identifying the quality ICO that may end up been successful. Rating website is not suppose to be the only tool for assessing the viability of good ICO.

Agree, I always make ICO rating as the main reference, ICO rating certainly has a good analysis to give a rating because this is certainly a bet for their future and reputation.

[Maximillllian]

They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

There are honest sites that value their reputation, but they are indecently few. Therefore, it is necessary to analyze the tracker, only then trust him.