Flamebellow
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www.codex.one
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October 05, 2018, 02:23:56 PM |
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In my opinion, the main problem of the ICO sector is that it is catastrophically crowded. Most of the projects copy each other and do not contain absolutely no fresh ideas and technologies, I will not even speak for the number of scammers on the market. The industry has become a hostage of last year's HYIP, and still go here with the goal of simply making money. It will take some time until the ICO industry will get reformatted and will be able to give life to new ideas and technologies.
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S-triple-C
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October 05, 2018, 02:33:56 PM |
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The problem with ICO is that when there is not enough promotion and the project didn't reach the soft cap, usually they tend to slow down the development and sometimes they disappear. This is just based on my experience as I have been a victim of some shady ICO's.
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cattano
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October 05, 2018, 02:51:11 PM |
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I think the main problem for crypto ICO is?.the most severe problem would be SCAM project, that doesn't just making all the investors to to leave and avoid any project with (ICO)and they want' us to hellp fro them.
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martin1221
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October 05, 2018, 03:21:23 PM |
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Great reviews of the problems in ICO. With the enormous development of blockchain and crypto, many project also jumped into the bandwagon. And most of these project has really no practical and feasible product to start with and just hoping that the hype will just move their ICOs on top. But I think people are getting smart right now that they become picky with what there are investing.
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mariogomer
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October 05, 2018, 03:33:37 PM |
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ICOs currently have many problems. Everyone should be careful in their ICO investments. At this moment the money cycle is very little so the ICO processes are failing.
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Aio.Community (OP)
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October 08, 2018, 01:30:38 PM |
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I really appreciate your statements. This is like the way I think also. I think the most disturbing issue of ICOs is the failure of showing final product. This reduces my trust on ICOs
This is the common problem in investing ICO once those developer get the money the development is too slow and the price will collapse as those investors will dumps their token due to no progress on making the real product. Investors will be the loser as those developer will enjoy their collected funds. Today it is one of the most acute problems. In our AIO.Community platform, we have developed a mechanism for solving this obvious problem. join https://t.me/AIOCommunity
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Aio.Community (OP)
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October 08, 2018, 01:36:50 PM |
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The main problem is that there is a lot of projects that are just same. Then there is no MVP or a product before the ICO. People invest in blank promises. Sometimes their is new team and it becomes tough to believe that. Also, the market is decentralized, people have not much option left after getting scammed.
agree with you. A third party must be added to this relationship, which will take over the protection of the investor and protect the project team from difficulties.
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Aio.Community (OP)
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October 08, 2018, 01:42:57 PM |
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At present, some issues that exist in the ICO are quite complex, there are quite a few ICO projects that exist anonymously and deceive users, some members involved in the ICO program always seek to deceive us. So we should be careful, do not let them cheat
There're various issues when it comes to ICO most notably there're very fee trust worth ico's others are made to scam users, and because of these miscreants ICO industry has taken a beating. I have personally seen all scam type of Ico's which makes me avoid even the legit ones if they show up, the entire industry of Ico's has been tarnished and till they don't make their workings mor transparent users shall not trust them with their money. Due to scams ICO reputation it do really give out tarnish which in result it do make lots of investors confidence on making investment or support into projects and legit ones is mainly affected due to lots of scam projects. We have seen the difference of success rate of projects on last years and of this year. Lots of garbage projects and only a few legit ones but still failed up because of that effect. Evolution of ico market is just beginning. cryptocurrencies are just entering our life. Strong will remain, weak will go into oblivion. First three years are not at all an indicator of a decline in interest in ICO.
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Barbatos
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www.becent.com
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October 09, 2018, 02:52:37 PM |
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Digest AIO.Community
Today, the market of the crypto currency is in the development stage and therefore many questions for its normal development are not sufficiently studied and considered.
The team of the AIO.Community project considers it right to put these issues for discussion and propose its own way of solving them. This will give the market a new positive impulse and create conditions for the transition to a new level of development. It will make it more transparent for participants. With the possibility of obtaining financial protection for the project participant and ensuring a unified approaches to holding crowdfunding.
AIO.Community is an intelligent platform for ICO projects, with the possibility of obtaining financial protection for the project participant and ensuring a unified approach to holding crowdfunding.
When creating the project, we identified the issues that will be solved after implementing the platform in a global sense.
1. About the ICO.
We all know that the list of coins on the market is constantly growing, but for a potential investor the issue of buying a specific coin that will bring him a profit, requires studying the main questions about the project, namely: the goal of creating a project (the product being created) and the team that is working on it. This gives an understanding for the investor as far as his participation in the ICO for him can be profitable and safe.
Creation of the team takes quite a long time. Ensuring the creation of an effective team before the sale of coins is very difficult, so the leaders of the new project either form an inefficient team that consists of enthusiasts who are ready to work without payment, or the team is published only for information and does not match to reality.
What are the outstanding problems of this issue?
- Effectiveness of this team for the investor is not clear;
- Main functions of individual team members are not described and not regulated;
- Final product is not discussed by the community;
- Financial reporting for expenditure is rare, and non-targeted use is not stopped;
- The rules of the team, evaluation of effectiveness, compliance with deadlines, the system for assessing the performance of individual structures in the team is often created from scratch or not at all.
All this, we call structural problems, which often lead to unprofitability of the project, and the creation of the final product is delayed or does not happen at all.
AIO - completely solves these and other issues, we offer:
Creation of a platform where a team of specialists consists of:
- Financial experts who assess the costs of the project keep records and report to the community on the targeted and rational expenditure of funds. Prepare all the upcoming spending items in advance so that unnecessary funds are not uselessly accumulated in project accounts, while at the same time; it was understandable for the community to create the final product.
These specialists have sufficient skills to optimize and reduce the costs of the project.
This avoids attracting investors from unclaimed investments and reduces the amount of coin emission to the required limits.
- Legal specialists whose work is aimed at creating the correct legal form of the project, selection of appropriate jurisdiction for the registration of a future company, registration of intellectual and copyright. The consolidation of legal relations between investors and the ICO project with the subsequent transition to the status of shareholders, full support and protection of the interests of the project and investors.
- Marketers who study the economic model of the project development, advice on the choice of the optimal way of development, introduce clear and showed the highest conversion tools for the monetization of a future product created with the investors' funds.
- Technical personnel who accompany or fully assume the issues of safety, project development, design, infrastructure, and so on.
- Administrative staff, who fully accompanies the project from the initial idea stage, organizes the ICO, manages the creation of the project, represents the interests of the project, and accompanies the access to the relevant exchanges for subsequent trades.
- A security group that fully checks the ICO project, its creators, verifies them for participation in other projects, monitors information on various sources and databases in order to identify signs of unreliability for investors.
2. About funds and budget AIO.Community
Considering a number of interesting projects, we see that many of them could be implemented, but the teams that conduct them often have a goal only to hold an ICO and raise investors' funds. After that the project is conducted in a low-flow mode, and the investor receives information only from public sources.
We believe that this situation can be corrected and the ICO market for startups is more transparent.
We propose the following model of financial relations between the investor and the ICO project, where the AIO.Community platform will act as a guarantor of these relations using the following tools:
- Creation of an insurance fund, in which at each ICO will be sent 5% of the collected funds for the safety of which the platform is responsible.
If the project fails and the investors' funds are threatened, the insurance fund will reimburse them in full.
- Creation of a stabilization fund, which also contributes 5% of the ICO. In order to create a reserve to maintain a stable course of released tokens of projects, work on which was carried out on the platform.
Maintaining a stable exchange rate of coins is the basis for maintaining demand for the purchase of coins, this fund will buy coins from projects on the market with a drop in demand and vice versa, to sell to reduce supply so as not to allow unjustified speculative growth in the value of coins.
- The rest of the funds will go to the ICO project fund.
The supervision will be carried out by the community and monitored by the platform in the following order:
a. The budget of any project will be calculated by the platform and for each phase of the project implementation, funds will be allocated sufficient for this stage in accordance with the project roadmap.
b. Based on the results of each stage, the platform generates an audit report and submits it to the community for consideration
c. Based on the results of the audit report, the community answers the question: has the team fulfilled its tasks assigned to it, have the investors' funds been rationally spent.
d. If the community response is positive, then the team automatically receives funds to implement the next stage.
If the community response is negative, the team is completely removed from the project and work on it is transferred to platform specialists whose task will be to organize the work to complete the project, transfer it to another team of specialists or finish the work independently.
Conclusion: Investors' funds will be under constant control of the community and the platform, any of the implemented projects will always be brought to the end product and in the event of an insured event, the investor will receive a payment from the insurance fund.
There is no organization to punish fake or weak projects. ICO gives too much freedom for teams, they do no need to pass any verifications and most of projects are too weak, you can get it right after reading WP, but, unfortunately, most of people do not get it.
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Eleven86
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October 09, 2018, 03:02:59 PM |
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I think the main problem for crypto ICO is?.the most severe problem would be SCAM project, that doesn't just making all the investors to to leave and avoid any project with (ICO)and they want' us to hellp fro them.
Definitely this scam project creates a very bad impact on the investors. Most of them lose trust and avoid some good projects. People need a protection in ICO to avoid scammers if it done then assume it will become a big success.
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xonecoinlovers
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October 09, 2018, 03:14:39 PM |
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That is indeed true if ICO has many kind of potential, from the good and the bad. The good would be it can give benefits for the project and the people who were investing in that project. The bad news would be if the ICO is just a scam, it will makes many people suffer loss, and their trust toward cryptocurrency.
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| | | UBECOIN | | | █▀▀▀▀▀▀█ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █▄▄▄▄▄▄█ | | | | █▀▀▀▀▀▀█ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █▄▄▄▄▄▄█ | | | |
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Alexeu00011
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October 09, 2018, 04:15:53 PM |
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Teams do not pass KYC. They may place any photos, write several pages about every team member, but it turns out that this person had never participated this ICO and have nothing in common with it. Idenity theft is one of the easiest crimes all over the world.
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Dancing_Lion
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October 10, 2018, 10:46:32 AM |
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Absence of any punishment for teams behind the ICOs. It is the main problem and we could not hope that ICO market will recover untill it would be solved. People do not want to make any kind of unreliable investments and it is easy to understand them.
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ryanfromrethink
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October 10, 2018, 11:11:16 AM |
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After the investment, you loose any opportunity to track it or to make some impact and motivate the team to work faster. There were several times, when teams took long vacation right after the ICO ended, so investors shoudl wait for too long to get some info at all.
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zhanyiguai261315
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October 10, 2018, 11:17:54 AM |
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A considerable part of the ICO is a niche project, and most people still don't believe in this ico cryptocurrency! If the project is narrow, then many other investors will not understand, so its demand will be low.
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frausoft
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October 10, 2018, 07:42:15 PM |
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I think that the main problem of the ICO is that this year a lot of scam has appeared. Bench projects reduce investor confidence in ICO. Thus, normal projects to collect the necessary funds becomes more problematic.
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fukkkxdfs
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Alfa-Enzo:Introducing the First Global Smartmarket
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October 12, 2018, 11:23:49 AM |
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I don't see any serisou problems in ICOs unlike having scam. But it takes place almost everywhere so it is not surprising at all. This is the one problem from my point.
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╭═══════ ALFA \▼/ ENZO ═══════╮ │ $3M PRIVATE SALE COMPLETED │ ╰════ https://www.alfaenzo.io ════╯
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jpaul
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October 17, 2018, 10:39:56 AM |
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There are different kinds of problems that can arise with icos but I think that the most common one now is that they do not have any good products to offer the investors anymore. There are already thousands of coins in the market already offering so many kinds of projects that the ones that are coming out now are finding it difficult to come up with new ideas
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Correlll
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October 17, 2018, 10:53:48 AM |
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Great statement! I hope it would help a lot of newbies to understand that the ICOs world isn't perfect and you do not need to invest in every project that comes to the market. I hope, as soon as the market recovers, we will see better ICO projects.
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Aio.Community (OP)
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October 20, 2018, 04:40:28 PM |
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In my opinion, the main problem of the ICO sector is that it is catastrophically crowded. Most of the projects copy each other and do not contain absolutely no fresh ideas and technologies, I will not even speak for the number of scammers on the market. The industry has become a hostage of last year's HYIP, and still go here with the goal of simply making money. It will take some time until the ICO industry will get reformatted and will be able to give life to new ideas and technologies.
What tools do you think can do this?
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