ICOs should only create Tokens with Working Products or Services

[CaptainKid]

Of course, when a project has appeared on the market and it has a working product, this is very good, and this greatly increases the chances that investors will invest in it, but some projects have a good idea, but do not have the means to do so, they carry out the ICO.

[Johnyz]

Of course, when a project has appeared on the market and it has a working product, this is very good, and this greatly increases the chances that investors will invest in it, but some projects have a good idea, but do not have the means to do so, they carry out the ICO.

Having an existing product/technology will not give any guaranteed that you will succeed on your ICO, you still need to prove the importance of you business in this market. Though its a plus factor for your project, and investors might see potential on that so I suggest to have a great marketing team, they can really help your business grow.

[ABYANSYARIF]

people have now begun to realize it, ICOs that do not have real products will be more difficult to get investors, because investors have started to know that such tokens will not have value, investors will choose tokens that have value in the future

[wdnj]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

In icobench there are many ICOs that have a working product or a product that is in the development phase and that we can see a demo or a MVP which is called there.
Those project that have a working product are much better than those who expect to developer a product in the near future but even with a working product this does not guarantee that the project wont be a scam.

[Rosyanroid]

it’s a amazing concept and each ICO will definitely came under some guideline. The each firm raises in the practical world through this IPO will have some work done to make the product and service while the ico started a sample template.

[Zhamilya]

i am agree with you. token should stand behind it really work product. you need to create tokens relevant to the society's needs. i think  Without this token will not survive for a long time.

[Olga Khan]

This is actually true. token should stand behind it really work product. you need to create tokens relevant to the society's needs.it will be doing something good in future.

[ce7mee]

This is actually true  you need to create tokens relevant to the society's needs. it will be doing something in future. it will be long live and provide better service.

[lumira555]

Survive only those projects in which initially poured a lot of money or have available a product for people who decide their needs .The rest of the coins just forget

[lutcor]

But how then is investing in an idea, because people collect money for a project, I understand that people are tired of investing in an idea, because nothing happens afterwards, but then where will the developers take the money for product development?

[rsrb]

This should the solo purpose of cryptocurrency. The market is expanding day by day and we expecting to adopt this by the nations and general peoples but if we don’t offer them there purpose or make it in use of their use why would they get into it. If there isn’t anything new so how will be there any development?

[gabbie2010]

There are many tokens out there which makes it even difficult to trade them It would have been a good idea to have a regulatory agency that could help to streamline the new ICOs and check the viability of their products that back up their tokens and how relevant is it to solving societal problems this measure will help potential investors.

[cryptomadu]

If a token has a usage then it will surely survive in any market conditions. But recently most of the tokens and ICOs are being launched for the sole purpose of making money like the OP said. I think that trend formed after seeing the rise in the price of the coins last year.

[cryptojohnn7]

There are many coins just doing nothing. They are just in the market idle they don’t have any contribution in the system they are reason that there are confusions. It`s not the time to be confused for crypto market I also recommend that just trading money shouldn’t be the solo purpose for the crypto market.

[mktpromp]

I also agree with you that there should be some rules for the new coins to come in the market cap. The new coins also serve new unique purpose and they must have actual use otherwise what is the need of them there are already plenty with no works. If its not possible then everyone should work on the development of the existing.

[MorningTradeNeo]

It is really a matter of concern for the industry that many of them are creating projects to raise funds only rather creating value. So, ICO process must have some minimum criteria to enter into the industry.

[Tobt]

I agree with you but how can we be sure that only functioning product based ICO will succeed and others will not?

[MasterICO]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

Yes Indeed most of ICO now are just focus on raising funds first and the product or plan services will add later on!  thats why there is no demand for that particular token and ending on dump and no value at all. 

[imopogicute]

for me altcoins are based on bitcoin because they can not be high because the male is also the value of each tax fee per transfer of altcoins to another wallet. so they do not have the same value but I know you know the trading strategy for more money to get.

[Youggairch]

I alos agree with you but If only working products get the opportunity to enter into ICO, how new ideas would be dealt with?