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Author Topic: To invest in an ICO, Reviewing of the team behind is necessary?  (Read 854 times)
Laxus215
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October 20, 2018, 12:29:37 PM
 #61

A strong team behind the ICO gives you probability to conclude projects future, If the ICO not showing the team behind their project then its become very riskier to invest in this kind of projects. Its better to not support projects with Anonymous Teams as there are chances of losses always on the head of investor take example of recent ICO IONCHAIN, The concept of the project was looking promising & a lot investors invested. Later what happened they launched their token on Idex exchange in middle of their Main ICO & were selling their unsold token which they were suppose to burn. Idex exchange team identified their shady activities & immediately DE-listed them but the damage has already happened to investors who invested in the ICOs & as well as to those investors who purchased tokens from the exchange. In this scenario both types of investors can't do anything as the team is anonymous.

deevan
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October 20, 2018, 04:30:25 PM
 #62

Yes reviewing the background of the team is an essential part to be investigated before you tend to invest in any ICO project, as the project is dependent on the team that how much effort they put to make the project successful. And also your funds would be in hand of the team, so make sure the team is legit and won't going to scam or have any sort of intentions to just raise funds and not working on the project, in that case, the token won't be having any value in future & hence your investment will be wasted.
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October 20, 2018, 05:19:40 PM
 #63

The currency itself is anonymous and decentralised, so their members being behind the curtain would be legit too. But it's not that difficult, if someone needs to find any, they have the scope under some procedures.
ramesh770
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October 21, 2018, 12:00:07 AM
 #64

The currency itself is anonymous and decentralised, so their members being behind the curtain would be legit too. But it's not that difficult, if someone needs to find any, they have the scope under some procedures.

It was in 2016 - 2017 when no one needs the details about the developers but as today you can see lot of scams happening so ICO needs to disclose all details about them if they are genuinely developing the real projects.
halpi
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October 21, 2018, 01:07:35 AM
 #65

Better to know the team in real life Grin
It is necessary, sure!
Most of the scum ICOs put a fake team on their websites, so this is the best marker.

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October 21, 2018, 01:25:02 AM
 #66

 I think there are very few ICOs who do not include the team in it, because a good team is one of the investors who pulls in the ICO, of course because there are so many ICO scams that have sprung up lately, even many ICOs failed because of lack of investors
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October 21, 2018, 01:54:40 AM
 #67

I think there are very few ICOs who do not include the team in it, because a good team is one of the investors who pulls in the ICO, of course because there are so many ICO scams that have sprung up lately, even many ICOs failed because of lack of investors
In fact, downtrend makes people no longer interested in ICO projects and the good development team is going to feel helpless with this. I believe that if you want the project to succeed, then we must have absolute trust in this market and always make the most accurate decisions before investing in any ICO project.






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ityandsyn
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October 21, 2018, 02:15:29 AM
 #68

Most ICO's tend to hide their members behind the project. Is not it necessary to know about the team also who are building an ICO project, including other factors of it?

       Yes it is necessary to research thoroughly the white paper and the team behind the project , I have seen a project team with picture , it quiet impressive and it shows the legitimacy of the projet  , and I think it can attract investors .
nebiki
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October 21, 2018, 02:21:15 AM
 #69

I think there are very few ICOs who do not include the team in it, because a good team is one of the investors who pulls in the ICO, of course because there are so many ICO scams that have sprung up lately, even many ICOs failed because of lack of investors
In fact, downtrend makes people no longer interested in ICO projects and the good development team is going to feel helpless with this. I believe that if you want the project to succeed, then we must have absolute trust in this market and always make the most accurate decisions before investing in any ICO project.
nowadays it is very difficult to choose a project that is really promising and good for us. even though we have made the most accurate decision it still ends in fraud.

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kawetsriyanto
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October 21, 2018, 02:35:23 AM
 #70

I think not most of ICOs to hide identities of their team members. There are some ICOs showing the team identities, commonly they enclose the link of their linkedin accounts and social media.

If you ask me about "review the team info is necessary or not", I strongly say that it is very necessary. For me, it is the most crucial factor that determine the success of an ICO. A quality of team members will lead to the quality of project management and its ideas + plans of the future achievement.

Note: Never invest in ICOs with unclear or lack information of the teams. It is like putting your money in very risky places. Finally you will get nothing and lose your money forever.      

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Slash61
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October 21, 2018, 02:40:55 AM
 #71

       Yes it is necessary to research thoroughly the white paper and the team behind the project , I have seen a project team with picture , it quiet impressive and it shows the legitimacy of the projet  , and I think it can attract investors .
some scams use photos taken from other project teams. some project that caught the scam also based on team photos and background profiles of the team project. then it is important to examine more thoroughly the team of the project. the issue of the composition of the team make investors come be a part of marketing.

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October 21, 2018, 02:49:54 AM
 #72

of course public team is necessary. If I invest in a project the first thing I consider is the management team, must have experience or success in the past with other ICO.
and if they are trying to hide members that high ICO rate just wants to scam
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October 21, 2018, 02:58:23 AM
 #73

of course it's very necessary, the team that works behind a project that is what makes the project will get success. a good job is a job done by the workers in their jobs. It makes the job will work optimally.
I see there are several project team which consisted of just a few people, and it also does not correspond to the areas of its expertise, it's become a question mark for me. be careful that such project is usually a scam.

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Cling18
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October 21, 2018, 03:09:18 AM
 #74

Most ICO's tend to hide their members behind the project. Is not it necessary to know about the team also who are building an ICO project, including other factors of it?


I believe yes, it is necessary to know about the team behind. We should know and we should have enough knowledge about the team of an ICO that we are joining. We should do series of research about an ICO so that we will not regret anything in the future.
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October 21, 2018, 09:23:38 PM
 #75

knowing that the team in the project is obviously very necessary, almost all investors who want to invest in a project usually need to know the team behind them first, so that the project can run smoothly. professional teamwork is needed so that projects can develop in the future
Laxus215
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October 21, 2018, 10:34:27 PM
 #76

I think we have to know the team of the project when we participate in ico.Because it can show the project background and technology.This is an important part of the project.

Exactly, Team verification before investment is necessary to tackle with fraudulent ICOs. In team verification you can check in brief information about team members like their proffessinal association with organization's and educational details. This brief information is not enough you should also check engagement of community manager, developer and CEO etc this shows their passion about the project to make their project successful. If you found poor presence of the team members in social media community than avoid this kind of projects. Don't invest in project which have anonymous team members and developers as this kind of projects have higher probability of turning out to be scam. Once scam happens you can not take any legal action against them and you will have to bear the losses.

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October 22, 2018, 10:16:22 PM
 #77

It is vital to know the teram behind the ICO one tries to invest in. It therre is a possibility of scam then the investor can hold the members accountable by prior reviewing of the members.
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October 22, 2018, 10:16:46 PM
 #78

Knowing the team behind a project is very important. The way scams are increasing, there is always a possibility that people who don't reveal themselves are doing something wrong. Before investing all the things should be made clear.
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October 22, 2018, 10:27:29 PM
 #79

I think that we need to know about the team members and developers, because only in this way can we really adequately evaluate this or that project.

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October 22, 2018, 10:32:18 PM
 #80

Of course, it's necessary and is a must also.
How can you be sure about the project even if you are not familiar with the team?
You need to be sure about them before you throw your money to a black hole.

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