ICOs should only create Tokens with Working Products or Services

[kingvirtus09]

Their are Based platform that really test their project first before it get listed. However the same as before the Ethereum blockchain objectives are to create tokens easily and sell their project to attract investors, while the other platform that i'm talking is they have community budget for them to create a new one.

[1715306382]

1715306382

[1715306382]

1715306382

[1715306382]

1715306382

[1715306382]

1715306382

[hasimkamal]

yes from a reputed project like ICO people expect a lot so they also should provide qualified products , otherwise it will not last till the future which will be very fall negative effect on the reputation

[NyxAssasin]

I understand you are  upset nowdays they are creating many useless project which is very disappointing so it is high that they should use productive things to create tokens otherwise it will effect on our future

[Torps1]

Considering the investors... Yes it will be good to create ICO'S with working products. But come to think of it, do all businesses actually deals on products?....I'm just thinking!

[ogundowotoby01]

I totally agree with what you said. Working prototype or product is very important for a good project because it shows the project is not just an idea but already reality. Most project just launch there ico without being ready for it. I think projects without a working product shouldn't be allowed to conduct ICO.

[zxl912157]

Considering the investors... Yes it will be good to create ICO'S with working products. But come to think of it, do all businesses actually deals on products?....I'm just thinking!

So, the essence of this topic is that the ICO must have a new token product from the token created.
Suppose the token product is for holidays on the moon or vacation to space, because ICOs like that do not exist for now.

[Soundy]

Very soon, this will be the standard of the industry, investors are getting smarter and people not ready to invest in a project that is only on paper.

[refugiumcrypto]

I agree with your statement. Because this is actually true. Most people only make this token because it trades in this Crypto World. Even if we look deeper, many tokens that don't all really have good value in this Crypto World.

[Joe103]

This is perhaps the reason why most cryptos don't last. They only created junk tokens.

[Forward_Thinking]

What are the best places to find ICO ratings you can trust? So you can avoid the scams...

[heritage35]

I have come across a lot of tokens from ICos  that are just for the sole purpose of making profit. Some of the developers would dump without a second thought to it. Which is why one needs to do a thorough research before investing.

[Classica35]

We should have gotten to a stage where we discard every ICO that does not have a working product. Some may even lie that they have. Which is why you need to do every findings that are needed. Ensure that the team can be trusted.

[automail]

I agree. Although trading is enough to keep the coin alive, services that are useful for others will attract more people to be invested on the coin and it can also attract big investors that could potentially increase the number of coins sold in the ICO. Demand determines price and if the product is not useful for others, I don't think the coin will increase its value. It will be just another lost investment, a bottom dweller coin.

[spike420211]

And investors, in turn, should not invest in projects without a product, if everyone follows this advice, the projects simply will not have a choice, they will first have to make the product, and then raise the funds.

[FreeAirdrops]

Last year you had super fly by night projects with websites created in 10 minutes raking in millions. I'll put on my thinking cap... "This is SoccerCoin for fans of soccer aka football!" And then it'd get pumped and dumped. I'm glad we're seeing fewer of those kinds of "projects".

[Maxre]

I really agree with you, that the ICO project must be more real and not offer short profits.
because most of the ICOs are now only concerned with profit, rather than their initial project.
after getting what they wanted most of them left the project and made the ICO project die.

[ngano ba]

In business not all are products alone so we can not limit that ICO should only make tokens with working products, because there are business that are not product alone but there are services also offered that that can be made with ICO tokens ,so cryptocurrency will not be limiting only to that working products but also to differrent services.

[Bagani]

Totally agree with you, the purpose of creating a new coin or token is by creating something new in technology or with a good working product. Many of ICOs only wants to make profit by promising their product after ICO but when the ICO ends they start to work slow or sometimes they run and sell all of their remaining coins. But I learned now, I support the ICOs that have working products or MVP.

[ardentvolcanoes]

I really agree with you, that the ICO project must be more real and not offer short profits.
because most of the ICOs are now only concerned with profit, rather than their initial project.
after getting what they wanted most of them left the project and made the ICO project die.

Most of the time this is the real scenarios after an ico finished and collect investors money a short pumped will happen and after that it will be dumped all the way, leaving the project without any sense, it's much better to have a working project and real usage before starting the project, if there's already a working system chances to be more successful is much higher than those who needs funds first before the development.

[Russlenat]

They should have a working product before they lunch their ICO to insure the legitimacy of the project, this is our common problem here now because mostly of the ICOs don't have and just full of promises and you can see it thru their roadmap.