Why you should invest into ICOs that have a working product.

[jacafbiz]

I think there should be a clear definition of Working product, I have seen some guys pop up on this forum soliciting for funds and claiming they have a working products, if you have a working product and no one is using it, it is more or less useless for investors to invest into it. What we need in this space is adoption, people are not using these platforms and it is a major concern to me

[omonuyak]

I do believe that that is the reason why many of us lose money in this icos market.  We were investing in idea instead of investing into a working project or product!  I believe that we should also invest into projects that has been listed in the market.

[AzamNurWahid]

ICO even with working product may fail. Look at banca. They had large community, they earned massive amount of money in ICO with 2 or more working products. Yet they are far away from success. That is why i prefer to buy after ICO and I buy at cheap, usually.

maybe it was only one of the projects that had a product that worked but failed maybe because their products were not wanted by everyone but chose ico who had a product that could at least minimize or keep us away from ico scam

[Marvell1]

Last two years saw a rise in the number of ICOs that were soliciting for funds for the commencement of identified blockchain solutions. However the downslide of the crypto market has seen most ICOs failing because most of them don't have real product and very good use case behind them to enforce the liquidity of their tokens. Well i entreat you to invest with ICOs that have real working product which would always cause a constant demand of the utility tokens. This is the only way as investors you can also earn some profit from the project you invested into.

I know two of such projects which i am into and i would like you all to check it out.

Vivid : https://vividcoin.app
MiracleTele: https://miracletele.com

I prefer to keep away from ICOs now during the downtrend. It doesn't matter with or without working product. The real problem is that every token/coin, which is getting listed nowadays is being dumped very much. So it's better to save funds till the real bull run.

[HichemFetoui]

ico that have a working product is less risky than ones that don't have at least you can see  how they want to expand the product with ico money and forecast the desirable growth

[davinchi]

It seems OP is still assuming that cryptos are here just to rotate our investments like a multilevel marketing. When an ICO is not having a working product or a solution for a problem then from where they will generate money to have a business.

Overall, all ICOs are based on some project or business and all business must have some concept to generate money. This is what simply denoted as working product. Without that, an ICO is just a money rotating scheme.

[susila_bai]

with the working product ICO investment can get success but It wont rise the price of the token as they will be working on their product and they wont be interested in the price of their token. As i have seen lot of project which got very good investment in ICO but their price is 90% down from the ICO price. So everything depend on whether they are interested in the profit of the token investors or not.

[khufuking]

Not every ICO that have a working product is a must invest in ICO, there is a lot of failed ICO that had a working product, in fact, a lot of outside companies miss used this to collect unneeded money, they usually take there already fully working product and threw in some Crypto terms and make an ICO and raise millions of dollars and probably only 10% will be spent on development because they have nothing to develop, they already have 100% working project.

[adekogbe]

Ideally a working product should be the minimum criteria for investing any blockchain-based or cryptocurrency project because a working product with at least show that the team is so invested in the project that they have used their own money to make it a reality even before the fundraising phase.
 however if a team can also produce a prototype that is not even i
 the final product but is very close I think that is also good enough

[abstractednerve]

Sorry to say, I would not invest in a project, which has a product or not. Because, They don't care about investors money, after getting a decent fund, they change rules, distribution, exchange listing date more and more time. They have no plan about protecting coin price, though it is not in their hand! I have lost a big amount of money in ICOs, so, in this bear market, a product will not help you to reach success easily. Look at Vividcoin and miracletele! They have products as you mentioned but still, they are not even close to success! Both project's ICO is running from the last year!

[investtra]

ICO that has real products can indeed affect investor confidence. Real products are certainly very important because these products will continue to be developed so that they can attract investors. Unlike some ICO projects that don't have real products. But all also depends on the work of the Team and ICO Project Developers.

[abstractednerve]

ICO even with working product may fail. Look at banca. They had large community, they earned massive amount of money in ICO with 2 or more working products. Yet they are far away from success. That is why i prefer to buy after ICO and I buy at cheap, usually.

I do agree with you. I was a supporter of Banca, but their marketing strategy wasn't good enough! They did not come with a good bounty campaign and any other marketing policy! Though Banca raised a good amount of money, but as a product base, they are not a successful project!

That is why i prefer to buy after ICO and I buy at cheap, usually.

This is a good suggestion regarding the bear market, otherwise, buying a potential token from the Pre ICO always a good choice. I remember Credits, Pundix, Lala world and so on ICO projects.

[Spaffin]

If there is a work product in an ICO project, this is already a certain guarantee that it will not be a fraudulent project. Now it is very important, since there are more fraudulent projects than workers. I always try to join those projects that have a good working product.

[high110]

Yes, I totally agree with that. Investing in projects at the ICO stage is a big risk. It is better to reduce the risks. If the project has a working product, this is already a big plus.

[JungleOnion]

Sadly, ICOs have a high rate of failing, and a working product only decreases this by a little bit. Without a user base and demand, even with a working product the project might die.

[Luvr1000]

in my experience, such projects bring profit much more often than companies that do not have a working product, in principle, this can be understood, because when a company has a working business, it means that they already have everything worked out and have a customer base

[pacman7331]

I think you are right here. I am interested to invest in a project which already has enough fund to run their products. Without funded or working products, I will not invest in ICOs anymore. Because, in 2018, Billions of dollars were hacked and scammed from the people. A project with the product means they will not scam you, even you can expect your money back if they can't make soft cap!

[TimeTeller]

I think you are right here. I am interested to invest in a project which already has enough fund to run their products. Without funded or working products, I will not invest in ICOs anymore. Because, in 2018, Billions of dollars were hacked and scammed from the people. A project with the product means they will not scam you, even you can expect your money back if they can't make soft cap!

A project with working product or app tells you that they are capable of delivering results even without the collected funds from the users.
With this kind of foundation, this is not easy to dissolve. They will try to compete and survive because they invested their own funds and time to this project.

[shoreno]

I think you are right here. I am interested to invest in a project which already has enough fund to run their products. Without funded or working products, I will not invest in ICOs anymore. Because, in 2018, Billions of dollars were hacked and scammed from the people. A project with the product means they will not scam you, even you can expect your money back if they can't make soft cap!

A project with working product or app tells you that they are capable of delivering results even without the collected funds from the users.
With this kind of foundation, this is not easy to dissolve. They will try to compete and survive because they invested their own funds and time to this project.

Still there's no guarantee that they will continue or develop their product based on the needs of their costumer .

 arent you guys aware about popular brands before ?  Before they are verry popular and indemand but suddenly all their success have ended .

  their costumer were shifting on to another brand because they see a new feature  .

That example scenario can also happen on an ico with a working product already  .

[Ailmand]

Last two years saw a rise in the number of ICOs that were soliciting for funds for the commencement of identified blockchain solutions. However the downslide of the crypto market has seen most ICOs failing because most of them don't have real product and very good use case behind them to enforce the liquidity of their tokens. Well i entreat you to invest with ICOs that have real working product which would always cause a constant demand of the utility tokens. This is the only way as investors you can also earn some profit from the project you invested into.

I know two of such projects which i am into and i would like you all to check it out.

Vivid : https://vividcoin.app
MiracleTele: https://miracletele.com

Having a working product is a good stepping stone for ICOs, however, it is not a guarantee that it can survive for a long time. Having a good number of supporters and investors will keep the project from growing and surviving. That's why keeping an active and healthy community will keep the project going.