why we should not trust ico review website

[lotfiuser]

Hi beside the paid review, ICO review now get paid to promote a project so for 0.99 you can get the (dream project) you were looking for, that will make you rich wish will end up to be a scam
Stay away from ICO review websites they don't care about you or your money

[1715132038]

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[1715132038]

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[Mulann2]

you are not far from the truth because some of the highly rated project by this sites ended up to be a huge scam which means either the ico rating site fail to do their job properly or where bought over to make good - fake rating, this rating sites are doing more harm than good when they do stuff like this because many will fall victim because of this bad act.

[Oceat]

They are just making money by giving fake ratings, we don't need to include these rating sites for our criteria on how to find the right project or token to invest, they are just conniving to scam ICO, we should boycott them.

It's not new to see this kind of news it's been used to some website that wants to have more ratings in just a short amount of time upon checking the date of the site being created. But if you are a picky customer you should always do your own research and find out if that website is legit or not.

[audaciousbeing]

While I don't have anything significant against review sites, the false hyping is the concern I have against them... Majority of companies even outside the crypto engage in one form of hyping or the other but there are always truthful element in it. The concern here is about the investors who would only rely on paid reviews without doing his/her own due diligence before parting away with his own hard earned resources.

[leowonderful]

Same goes for a lot of casino review sites out in the Gambling section; a lot of those sites will post a positive review for a bit of a payment as well, even if there isn't explicitly a page about that. Always pays to do your own research for any sort of investment anyways, because your own money's at risk- why trust someone else in that situation? It does take some time to research an ICO or IEO you're trying to invest in, but your investment's got a better chance of paying out if you do this.

[crwth]

Unless that it comes from a reliable source or a greatly “unbiased” reviewing, it would be hard to trust review sites. Knowing that it could make yourself vulnerable to things that you have yet to discover. Imagine having to know what type of service you are planning, let’s say it’s just going for a full-body massage, you are checking the reviews near your place and you managed to stumble upon a review site that is totally biased, knowing that it’s paid, then ends up it’s not as good as it’s presented to be in the site. So it’s better to be careful with what you are checking on.

The scams that are probably advertised are the ones who are reeling in money in their scam and could afford that amount of money to advertise. It’s just that, people keep on getting with the “dream project” the ICO/IEO that could make themselves rich or what not. Scammers take advantage of that.

[Slow death]

Many years ago many people created blogs and posted many PTC sites to get DR (Direct Referrals)... I remember that many Rotator sites came up. the owners of Blogs did not post honest and sincere review... and many scammers took advantage and make a lot of money creating many scam PTCs.

Same thing happened with Hyip/Ponzi Website Monitors

Same thing happened with Matrix and MLM sites.

With the emergence of ICOs this was expected to happen, and I do not doubt that appears a site that say: we are the best IEO Project Monitor

What should people do?

People should do their own research and from many different sources.

[milewilda]

What should people do?

People should do their own research and from many different sources.

But?

People are way too lazy even doing this very basic thing which is DYOR where they do end up on falling to these pitfalls and easily believes into those bullshit things where
these fake review sites do tell.Everything is paid up so we can expect that even scam ones would be dressed with positive words on that place.

[bL4nkcode]

Maybe years ago when ICO was not that popular, reviews site are much helpful to give insights and opinions etc. But for today for this current market after these boom of scam icos or something similar, nope, all of them are for just making money.

[Saisher]

They are blind to see the right side, because they are being paid to give good reviews, making them one of the sources of corruption in the ICO business, people should stop patronizing these ICO rating sites, they are illegal, a good project can stand without these rating sites.

[timerland]

This is nothing new, to be honest. As sad as it may seem, even during the golden age of ICO's and crowdfunding, ICObench was as corrupt as always - they offered a multitude of paid options which gave the ICO's willing to pay, a very unfair advantage over the other ones. They've also been shown to be very lazy in their due diligence, with a lot of scam ICO's listed on their site having "KYC verified", when they are obviously not.

The experts aren't better - most of them ask for payment for their 5-star reviews, and the ones that actually do their work, are rarely active. Every scam ICO starts with 4-5 star ratings, and the second when things go sour, they all run back and change it to 1-2 stars.

Don't trust any ICO listing site. Do your own research. Keep your funds safe as always. Or just don't invest in ICO's, the market is filling up with scam ICOS.

[joniboini]

The bright side from this phenomenon is that any good project won't use stuff like these to promote their project. Most of the times, those who use these sites to attract investors are low-quality projects that don't even have enough funds to build their MPV and just selling their whitepaper.

ICOBench, ICOHolder, and so on is probably one of the most obvious soft-scam in this industry. Not to mention a site like livemetre which goes as far as trying to blackmail or threaten a project directly on their Telegram group.

[examplens]

You can't trust any ICO review. Your money, so you need first to research about project and after that deice do you want to invest in them. All of ICO's running article, content bounty. So there is so many paid content and probably all of them say only good things about the project.

What should people do?

People should do their own research and from many different sources.

But?

People are way too lazy even doing this very basic thing which is DYOR where they do end up on falling to these pitfalls and easily believes into those bullshit things where
these fake review sites do tell.Everything is paid up so we can expect that even scam ones would be dressed with positive words on that place.

If they are too lazy to research then they have no right to complain they were scammed.

[hugeblack]

It's not just about trust, but make sure that the reviews from unpaid people who express their personal experience.
Some people can give the most common applications a 1-star for several reasons, but on average, assessments are positive.
Do not rely on one site, search deeply before making any investment.

[BitHodler]

I know something even better, stay away from ICOs and IEOs completely. The less people buy their useless tokens that are created out of thin air, the fewer people will end up losing their money.

As far as not trusting a third party review site with a bias towards anybody who pays them goes, it's just common sense to take everything with a grain of salt. It's purely money that dictates what you get to read on these sites.

Unfortunately, people constantly need to be reminded of how important it is to do your own research-- greed blinds them to such degree that they already see themselves driving in a lambo before they have even invested.

[Lanatsa]

I know something even better, stay away from ICOs and IEOs completely. The less people buy their useless tokens that are created out of thin air, the fewer people will end up losing their money.

As far as not trusting a third party review site with a bias towards anybody who pays them goes, it's just common sense to take everything with a grain of salt. It's purely money that dictates what you get to read on these sites.

Unfortunately, people constantly need to be reminded of how important it is to do your own research-- greed blinds them to such degree that they already see themselves driving in a lambo before they have even invested.

Where lambo becomes a cart on the end.You said was right where we do always remind people to have some research before anything else when they decide to invest.
They rush things up where it do ends on a miserable way.We cant completely say that people shouldn't invest into ICOs and IEOs because people do easily get dragged into things when its heavily being hyped up.

[coin-investor]

I stopped using when I found out at that they do not want to take down high rating to one coin that scammed its investors, although they have no control over how the project that they list will perform in the market, they should at least marked these ICO as scam, but they let the rating remains.

[ethereumhunter]

They can fake the information on the website, especially for the ratings, and they can use everything to make money from the project. We need to avoid them, and it is better to search on another website so we can find what the project is and we can choose to invest or not. But I admitted that it is hard to find another information for their website because the project still running and we don't know how good the project in the future. So we need to be careful to search and read the information.

[el kaka22]

No surprises here for the people who have been into different online money making things like GPT and HYIP kind of rating/reviewing programs.

The basic thumb rule is "do not trust anyone online".

But, I do see lots of people here in this forum are maintaining list of trusted services for gambling / escrow and for many other services which has become possible for them to be having a honest list as there are possibilities for a common man to state a opinion against anyone. That is the real power of OPEN-DISCUSSION.

I mean to say we may believe into a rating system which is driven by common people like you and me and that type of honest review system will be possible only through open forums only.

[goinmerry]

These ICO review sites are biased. Seen a high rating project back then but I don't know how it was rated 5 in most of ICO reviews site without explanation. That project ended up failed. I'm trying to remember what's the project so you will also have a look and will be surprised how it gained a full star rating.

The goal of these sites is to gather traffics. To make their site name always be on top at any web search engines. Once they gather decent traffics, they can now ask for much higher payment from these ICO owners.