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Author Topic: Successful ICOs have these in common  (Read 316 times)
okorocrypto
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August 31, 2018, 04:06:41 PM
 #21

Personally I don't see the rationale behind a celebrity token as same do not constitute any business idea to me. I wonder what will motivate someone to invest in such ventures. On the other hands, am still struggling to understand what the celebrity might want to accomplish by launching his own token.
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GDragon
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September 09, 2018, 12:32:37 PM
 #22

I think that indicators is just a normal for me. It is like the standard have to be done by the ICO to be proof of its legitimacy.
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September 09, 2018, 11:05:44 PM
 #23

ICO scams have become increasingly common, it takes considerable work to sieve through the huge numbers and get to the good ones. Here are some indicators that could be a template in making your own choice, The list is not exhaustive , please feel free to add yours and help us build a better forum.

1. Project Concept or Idea- what stands out with the project? is it another 'payment' coin with no additional innovation or something mind-blowing

2. Team -A great project will not succeed without a great team, proven expertise and integrity, you may need to use "reverse google image" to ascertain if they are real

3. Board of Advisers - Great projects usually do not fall from the skies, there is usually some build-up to it,and involves respectable personalities giving some guidance to the project

4. White Paper - If the white paper is bad or plagiarized, there is really nothing to work on.

5. Feasible plan- Is it a plan that can be implemented, not just on paper

6. Website- should not be crappy ,great projects have nice and easy-to-use website loaded with information about projects, no malicious links

7. Marketing and Promotions - Project must have a good reach and publicity, usually reflected in social media activities

8. Legal Compliance - There should be enough legal back for he project, no restrictions or government regulations against it

9. Code Security - Ideally should be public and safe ,without bugs

10. Token Issuance and distribution -  Fair distribution to teams members, advisers, community, reserve etc.

A good project will score high in all these fronts.
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It is nice post. Every bounty hunter should read and do it as the guidance for participating in any bounty campaign, otherwise they will be involve in bounty scams. Now the forum is full of bounty, every day there is a new bounty. It is quite difficult to define which bounty is real and which is scams. Therefore, this is can be used as guidance for the hunter.
budrabut
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September 09, 2018, 11:40:47 PM
 #24

Successful ICOs always has clear whitepaper and transparent total tokens to distribute. This is now becoming popular issue in forum that there are a lot of bounty scams appear every day. The bounty hunter moan and ask about this, how to see the real and successful ICOs because they do not want to be trapped in bounty scams. And this post can be a guidance in participating in bounty.
hildacitra
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September 11, 2018, 12:23:38 PM
 #25

ICO scams have become increasingly common, it takes considerable work to sieve through the huge numbers and get to the good ones. Here are some indicators that could be a template in making your own choice, The list is not exhaustive , please feel free to add yours and help us build a better forum.

1. Project Concept or Idea- what stands out with the project? is it another 'payment' coin with no additional innovation or something mind-blowing

2. Team -A great project will not succeed without a great team, proven expertise and integrity, you may need to use "reverse google image" to ascertain if they are real

3. Board of Advisers - Great projects usually do not fall from the skies, there is usually some build-up to it,and involves respectable personalities giving some guidance to the project

4. White Paper - If the white paper is bad or plagiarized, there is really nothing to work on.

5. Feasible plan- Is it a plan that can be implemented, not just on paper

6. Website- should not be crappy ,great projects have nice and easy-to-use website loaded with information about projects, no malicious links

7. Marketing and Promotions - Project must have a good reach and publicity, usually reflected in social media activities

8. Legal Compliance - There should be enough legal back for he project, no restrictions or government regulations against it

9. Code Security - Ideally should be public and safe ,without bugs

10. Token Issuance and distribution -  Fair distribution to teams members, advisers, community, reserve etc.

A good project will score high in all these fronts.
Please add your own views

yeah, a great and successful ICOs must have those characteristics. A great ICOs must be developed by great team inside, the crucial thing in ICOs is the team developer. They must have good individual work and team work. ICOs perhaps can not reach the goal without their contribution or their hands.
glorybtc
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Today at 11:09:48 AM
 #26

had you guys heard about GCOX? their promoting ACM coin seems great, england soccor star Michael owen is one of the investor too

They have three celebrities already. Owen, Pacquaio, and Jason Derulo. They also have a great list of private investors, one of them is Bin Zayed. Sounds good, but I don't know how successful it will be.

I will stay away from ICOs that are promoted by celebrities. Look at Centra Tech which was promoted by Floyd Mayweather. I don't know if it was a scam but the US regulators had already shut it down and gave warnings to celebrities on endorsing ICOs.

Anyway back to the topic, a good ico must not hide information from investors. I have seen projects where the devs do not release any future plans. Only invest in projects where the team is honest and provide a long term plan in the road map.

yes, i agree with you, I think the endorses of the celebrities don't ensure the success of an ICO, because successful ICOs are those who continue to develop applications and expand their project implementation
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