ICOs false marketing is destructive. ICOs must provide real & honest values

[jvper]

Sometimes ICO companies talk too much and it becomes evident to the community, so it is actually negative for the project raise, not positive.

[richmcrich]

This is a free market and that is just the major problem of ICOs, they take advantage of it because it isn't regulated by anybody and use it to scam a lot of persons of their hard earned money.

I don't think it can get to a time where everyone carrying out ICOs would be honest, I just employ us to be more careful about ICO this days and try to make research on team behind a project before making any investment, this is to protect your fund.

[bttmember]

There are a lot of problems with icos the most strange thing i someyimes notice in new icos is that they are trying to raise much more money than is required for the development of their product/service/software/app or platform for example after reading the project details or whitepaper you think that 1 or 2 million will be enough for development of such a project and app but when you keep reading you come to know that they have a soft cap of 10 million and hard cap of 50 to 100 million which seems rediculous to me, so yes icos need to be realistic.

[bitgolden]

Sometimes ICO companies talk too much and it becomes evident to the community, so it is actually negative for the project raise, not positive.

The reason why it looks like they talk too much is because generally, it is not so easy to convince investors to put in their money into a project they are not seeing or around, so most ICO end up talking too much in the name of being transparent, when I would not blame them, some of them marketers and they are trained to do so, if they don’t talk much about their project, we will still say their whitepaper is not comprehensive enough or they are not being transparent.

[apilpirman.bisnis]

Many ICO false giving information to their investor, where before investing always said never late for getting profit with our ICO because have higher price after listing on exchange, but always drop price after listing on exchange.

[Fluxtorrence9]

Either ICO or STO projects it entirely depends on the team ,they must be devoted to there projects and they must be professionals so as to have positive results on the long run ,I will advice newbies to be very careful selecting ICO projects because the scamming rate is alarming and many scam projects are still around

[Thanasis]

Many ICO false giving information to their investor, where before investing always said never late for getting profit with our ICO because have higher price after listing on exchange, but always drop price after listing on exchange.

When their intention is to make money and run away they will do anything to the investors to convince them to invest on their project so the people are much aware of the fake marketing and ratings to avoid getting scammed.

[joseyphil82]

There are some keys values that makes ICO succeed ,no matter what
1) a brand new project we've never seen in crypto space is needed ,there are too many copycats projects nowadays and its so tiresome ,this types of projects won't do well in the future or even died in just short term
2) the teams backing the projects must be pros to be able to deliver at best and make sure they can tackle any issues because good projects have issues too either techy or software based.
3)ICO projects with private funds means even if there hardcap is not met they will proceed and ddo what they can to make sure the project is a successful one ,it shows how devoted they truly are and not just here to make money out of people

[coinplus]

ICO's are not getting too much funding right now anyway, comparing what ICO's are getting today with what they were getting a year ago they are down probably more than %70 right now and that means people do not trust ICO's as much as they used to.

That in return means there is a lot more competition in ICO world and the ones that looks like scam or looks like they are not even good do not get funding, I am talking about ICO's who are not even scammers, actually trying to build something but with not enough marketing or not enough good idea behind it they do not get funding.

That is why bad marketing to try to scam people will not get funding anyway. It is a Darwinian way of eliminating the bad ICO's from our system but I still like it, survival of the best will continue to shape the ICO market.

[chits]

Unfortunately, humanity has not come up with a panacea for greed, and therefore in the ICO we also see this destructive effect. To combat this phenomenon, we need specially trained people and even organizations, otherwise we will be bogged down in false marketing.

[siorapokk]

I think that with STOs we are moving towards the right direction. Such a fundraising method allows more security to the investors and can assure that a project won't end like a scam. This market will be improved within the next couple of years.

[voztata]

Companies are just taking advantage of the fact that ICO is a free market and anyone can decide to start up an ICO to find a way to scam people of their money, especially newbies who don't know about crypto and are excited to make investment in crypto within any proper investigation on whether the investment is a scam or it's genuine. I don't think we can stop the ICO move, we can just take precautions.

[nonbody]

ICO guides are not what will save ICO's, But it's a start. the problem with ICO's is that in the first place most of them open with the purpose to be a scam.
So to all those bad apples out there, I don't refer to you.

For the real projects out there that want to provide real value and contributed to there target audience,
this ICO/STO marketing Guide includes basic guideline, an important point on how to build your marketing campaign, no bullshit, and no false promises.

ICO's/STO's are crucial for the ecosystem be able to grow, that why I mad this guide. I hope that will help to some of you.


"Try to explain your idea to one of your non-technical friends.
Did they get it? If the answer is NO, work on it until it becomes YES"

Many projects will seek out some well-known ICO evaluation sites to get the score of the project, but it is difficult to identify whether the project is a scam.

[VanDeinsberg12]

Sometimes ICO companies talk too much and it becomes evident to the community, so it is actually negative for the project raise, not positive.

'Kinda true considering that so many people are always doing their own observation even there's some youtube content creator that always discussing about credibility and whitepaper of certain projects.
Also, in the chatting group of every project there will be always someone asking question in regard to their suspicion.

[demenBTC]

Sometimes ICO companies talk too much and it becomes evident to the community, so it is actually negative for the project raise, not positive.

'Kinda true considering that so many people are always doing their own observation even there's some youtube content creator that always discussing about credibility and whitepaper of certain projects.
Also, in the chatting group of every project there will be always someone asking question in regard to their suspicion.

that is what is called campaigns, ico campaigns, political campaigns and other campaigns, they always talk sweet and promising when they market their desires.
according to my observation so far of successful ico, those who have a real program, tokens will be used as a tool for a real transaction not only to be traded on exchanges, this type may in the future reach a price above the price of ico

[WalkerIVIV]

I think that with STOs we are moving towards the right direction. Such a fundraising method allows more security to the investors and can assure that a project won't end like a scam. This market will be improved within the next couple of years.

Security for what? that's just a marketing gimmick and no more. have you seen an STO that has already proven their documents that already approved by the regulators? I never saw that before, use the name of sto just another kind of marketing.

[Jack_Sin]

There should be a legal entity that protects investment in the ICO and the ICO team must go through several selections as a condition of having permission to develop the ICO project, I think it can reduce ICO scam numbers

[guffie]

I agree that ICO must be real and honest. However, what has happened so far is that many ICO has committed fraud and that has caused many people to suffer. This must be a Team assigned to conduct an ICO audit. So that the ICO scam can be immediately known and immediately reported to the moderator. if this can be done, I think there will be many people who believe in the ICO.

[leea-1334]

There are some keys values that makes ICO succeed ,no matter what
1) a brand new project we've never seen in crypto space is needed ,there are too many copycats projects nowadays and its so tiresome ,this types of projects won't do well in the future or even died in just short term
2) the teams backing the projects must be pros to be able to deliver at best and make sure they can tackle any issues because good projects have issues too either techy or software based.
3)ICO projects with private funds means even if there hardcap is not met they will proceed and ddo what they can to make sure the project is a successful one ,it shows how devoted they truly are and not just here to make money out of people

This is the logical and rational explanation for a theory of success. But look back on the short ICO history of the crypto sector and you realize a few things do not add up. Some ideas that were brand new and original never took off,,, like last years in 2017 I saw and joined even a first taxi/ride hailing service, but it failed. Instead, some cryptokitties game became popular.

I have also seen great devs join projects. Vitalik Buterin himself lended his name to so many projects that failed.

So I have to say,,, luck plays a big factor. And greed of investors.

[Red-Apple]

There should be a legal entity that protects investment in the ICO and the ICO team must go through several selections as a condition of having permission to develop the ICO project, I think it can reduce ICO scam numbers

no there should not. because you are piratically asking for centralization and that should never happen. not to mention that legal entities don't care about these things.
it is so easy to prevent fraud in altcoin market if people simply stop being stupid and greedy! if everyone started really analyzing things they invest their hard earned money in, then we wouldn't see so many shitcoins around in first place.