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Author Topic: Good ICOs should be protected from dump  (Read 23318 times)
Leah38
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December 21, 2018, 09:54:34 PM
 #61

Good day. Private investors and pre-ico investors usually do the dumping. They get 50-100% bonus so its a win win situation for them once the coin enters exchange. Bounty hunters get their tokens 1-2 mons after ICO and only gets 1-2% of total sale so before they get their rewards, token value already went down 80%. Well there are also developers who sell their coins so they can have funds to pay for another exchange listing. There's lots of reasons for coin dumping.
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December 21, 2018, 09:54:46 PM
 #62

After careful research, when you see a good ICO, you would know and there will be no doubt about it.
I have noticed that good ICOs also dump after listing, competing with crap ones that have no definite direction, but to cart away funds.
There are ways in which they can be protected and prevent unreasonable dump in price. Some of which are:

1. They should be managed by credible and trusted managers, managers that already have good reputation on the forum, else the trust might not be there.

2. KYC should be made mandatory for all bounty and airdrop participants in order to avoid multiple accounts. The kyc should be announced

3. Participants should be made to complete the remaining process of their registrations on the project's website, where IP can be detected. Multiple accounts can also be prevented this way.

4. Listing should be done on reliable and reputable exchange sites.

5. There should be regular and prompt communication with the community.

6. Projects should maintain and comply to their roadmaps and if there is amendment, the community should be made to know, with concrete reasons.

These are just few among so many other solutions, but if this few are integrated into the system, i believe dump can be minimized if not totally eliminated.

Managers almost always sign under the project description - “I am only a manager, not a developer or a participant in a project”, thereby relieving myself of any responsibility.
Top manager is a good, but it is not at all ward off scam

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tenakha
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December 21, 2018, 10:01:24 PM
 #63

After careful research, when you see a good ICO, you would know and there will be no doubt about it.
I have noticed that good ICOs also dump after listing, competing with crap ones that have no definite direction, but to cart away funds.
There are ways in which they can be protected and prevent unreasonable dump in price. Some of which are:

1. They should be managed by credible and trusted managers, managers that already have good reputation on the forum, else the trust might not be there.

2. KYC should be made mandatory for all bounty and airdrop participants in order to avoid multiple accounts. The kyc should be announced

3. Participants should be made to complete the remaining process of their registrations on the project's website, where IP can be detected. Multiple accounts can also be prevented this way.

4. Listing should be done on reliable and reputable exchange sites.

5. There should be regular and prompt communication with the community.

6. Projects should maintain and comply to their roadmaps and if there is amendment, the community should be made to know, with concrete reasons.

These are just few among so many other solutions, but if this few are integrated into the system, i believe dump can be minimized if not totally eliminated.

If we are talking about the current situation it would be much more appropriate for the ICOs to be frozen and to continue when the price is recovered. Because in the present situation it is difficult to reach the soft cap and keep the price of the token after it is listed. And about bounty, developers are now trying to go against to bounty dump with late distribution but the price without bounty falls a lot.
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December 21, 2018, 10:05:38 PM
 #64

You cannot stop people from dumping, each one of us has their own strategy and reasons why they dump their coins, it's normal for an investing industry, there are people who invest for short-term profit and some for short-term and some people who need to cash out for emergency purpose

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December 21, 2018, 10:08:48 PM
 #65

I think that nothing can be done about it because people cannot be forbidden to dump their cryptocurrency which they honestly earned

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December 21, 2018, 10:14:21 PM
 #66

It's best to let the market decide what happens to a token or coin that gets listed on an exchange. In recent times though, really good ICOs don't need a strategy to avoid being dumped. Because the tokens are in high demand and there are more buyers that sellers waiting for it to hit exchanges. I can't say the same for average - low interest ICOs.

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dabenko
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December 21, 2018, 10:18:24 PM
 #67

After careful research, when you see a good ICO, you would know and there will be no doubt about it.
I have noticed that good ICOs also dump after listing, competing with crap ones that have no definite direction, but to cart away funds.
There are ways in which they can be protected and prevent unreasonable dump in price. Some of which are:

1. They should be managed by credible and trusted managers, managers that already have good reputation on the forum, else the trust might not be there.

2. KYC should be made mandatory for all bounty and airdrop participants in order to avoid multiple accounts. The kyc should be announced

3. Participants should be made to complete the remaining process of their registrations on the project's website, where IP can be detected. Multiple accounts can also be prevented this way.

4. Listing should be done on reliable and reputable exchange sites.

5. There should be regular and prompt communication with the community.

6. Projects should maintain and comply to their roadmaps and if there is amendment, the community should be made to know, with concrete reasons.

Additional suggestion:
7. An approach that will create the demand for tokens, which can as well prevent dump, is the lockup of certain percentage of the tokens.
Some percentage of the tokens belonging to; the team, advisors, investors, promoters and bounty participants.
The main tokens for the investors should be released, at least to compensate them for the money invested, but their bonuses should be locked for certain period of time. Which is followed by their gradual release.

These are just few among so many other solutions, but if this few are integrated into the system, i believe dump can be minimized if not totally eliminated.

These are just wonderful tips. It would have been good if those ICOs can go with this suggestions, coupled with other suggestions they feel might also prevent dump in price. It is high time we started taking the right approach for the system to be trusted.
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December 21, 2018, 10:43:38 PM
 #68

Every developer must be confused about this, a strategy to prevent a dump. They will definitely try various ways, but market acceptance is everything. Op is true if a trust has been formed, then price movements in the positive direction will be achieved. Good communication is everything. Don't just push promises.

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December 21, 2018, 10:48:22 PM
 #69

The points are valid and i reckon with them. Whoever is enthusiastic about crypto and does not want the project he is passionate about to dump, he will support the suggestions. Well, sometimes, the team might not have the knowledge of crypto and therefore not able to protect the project from dump. So those who invested into it , might not be happy with it.
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December 21, 2018, 10:54:05 PM
 #70

Supposedly it should but since crypto is design as a decentralized market, still subject for abrupt changes anytime. If that ICO have a high potential and have an existing project, then it surely bounce back from the dump but if not, it totally sleep forever. Many ICO were getting failed just because investors never see its future.

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December 21, 2018, 10:59:35 PM
 #71

Good ICOs will not be dumped, believe me. The main point is that you participate in shit tokensales with weak token economy. To my mind it is something that people don't take into account and token falls below ICO price
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December 21, 2018, 11:03:19 PM
 #72

I think. when the conditions are bearish. A good ICO can't protect it from a dump. some ICOs even choose to pause distribution for temporary. the main reason is that the ICO team understands that bearish will make the coins they has created fall drastically.

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December 21, 2018, 11:03:58 PM
 #73

The important thing there is the declaration that KYC is required for the bounty right at the beginning. Sometimes they tell you part of the way through which is really unfair, not all bounty hunters will be informed when they do it

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December 21, 2018, 11:07:11 PM
 #74

The fact is that you can not tell investors what and what not to do with there coin,it is their right to sell or not to sell their coin but than all depend on the credibility of the project,if the project have a good working product, investors find it very hard to dump.
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December 21, 2018, 11:10:06 PM
 #75

i will suggest that all good icos present themselves with traders that will be on ground to oversee the trading operations of their tokens and also ensure the stability of the price. most exchangers can also help by setting their decimals to the price ranges permitted.
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December 21, 2018, 11:16:38 PM
 #76

it is very hard when the ICO will be listing at the first time to get moon or pump, it depends on the exchange.
did you thinking the people buy the token at the private sale? the price is very cheap for example, PlayGame token, it is a good PROJECT! and good at product + team, but the price currently is under ICO, Price of a private sale is 1 ETH = 30000 PXG, the price of token sale is 1 ETH = 15000 PXG

as you can see who bought PXG in the private sale will get 1005 profit Wink so this is easier to dump

]
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December 21, 2018, 11:18:42 PM
 #77

The ideas you give are good for investors, but for the project team I don't think many ICO can do that. Tailoring to your wishes will cost them more money for technology, managers, and exchange
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December 21, 2018, 11:20:50 PM
 #78

I would add some advice here too.

1) No bounty programs at all. No airdrops as well.

2) Advisors get money in fiat or some strong crypto like bitcoin or ethereum. Not this project tokens.

3) No presales, private sales, decreasing discounts etc. Just one fixed token price for everyone.

4) Team tokens are frozen for a year or two better.

This measures will prevent token price from dumping. There will be no point in selling this token for a price lower than the one that was during the ICO.
This will make investors protected, I am not talking about other effects, good or bad.

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December 21, 2018, 11:27:30 PM
 #79

If you want to avoid your tokens being dumped when it lists then stop offering big discounts in the Private Sale and Pre Sale without a mandatory hold period. It is fine to offer discounts to attract the big money investors but if you are giving anything more than a 10% discount over your ICO price you need to place a trading restriction to make sure these people are long term investors and not Discount Dumpers.

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December 21, 2018, 11:37:43 PM
 #80

You spelled it right. If all projects followed these rules, we would have a lot of successful projects. But these rules must be followed together to maximize efficiency.

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