Do you fund ICOs ?

[DashingAgent]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

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If you are not getting my point then here is a further explanation that how IEOs and STOs are destroying the nature of smart contract platforms and who can launch an IEO ?

For launching an IEO you are required to have at-least 1 million dollars or 100 btc
While launching an ICO required only team members and a few hundred dollars

IEOs are launching by already funded people (just like Justin Sun who first created TRON and after launching it, he launched first ever IEO on binance for Bittorent tokens)
While ICOs are launching by individuals or new people(new businesses) who want to enter in blockchain world, hence IEOs are blocking little businesses or new businesses to be entered in blockchain world becuase IEOs are required big investment and only those people can afford it who already have been funded (just ask it from yourself that can you take a million dollar risk for launching an IEO? as you required this money to give it to exchanges for token listing, reviews, ideas, ieo steps just like pre IEO, post IEO etc) no because you can only take a risk for no more than hundred dollars so in case if ICO succeed and enough funds are raised then you can put your business in blockchain by realizing that it has potential and your business can run on blockchain platform successfully as you don't need to be dependent on your local or old customers, you will find new customers.

Since when there is no need for IEOs to run a campaign then very little people could be aware regarding your project, so your token could be just a part of the exchange but while in real life it will destroy your business because many less people will be aware regarding your business and you will loose majority of people to come to your platform and the final result will be that you will just shutdown your business or the token will not grow much, instead it will be dead because you will not find customers and hence no money will be entered to the project (when no buyer will make a purchase of your tokens then there is no chance for new investment to be made, so your token will just become just a pump and dump coin after a few years because of  two foctors, 1= new investment is not coming to the project because there are no buyers and 2nd=lack of advertisement or a bounty campaign in the start of your IEO which could attract your buyers later)

Now lets talk about the purpose of smart contract platforms:
These platforms are created in a decentralized manner where there is no need for a third party while exchanges are third party, when there is no need for a third party which mean that IEOs are destroying the nature of smart contract platforms, do you think when there will be a third party involved then these project can attract people or can get potential buyers ? No, then who will buy Ethereum, Neo or other tokens ? & how value may come to those projects when there is no demand for that currency ? then how you can say that Bitcoin and Ethereum both works in a decentralized manner ? will the aspects of decentralization survive ? which will just kill Bitcoin and these cryptocurrencies, as you know that Ethereum has already dead, from 0.09 to 0.016. Just because of IEOs and no more demand. IF this continues then you can see the future too. 

& the last question, how you think that IEOs are successful, don't you see BTT from 10 sat to 5 sat and the trend is still bearish. If IEO projects could be successful then you could see that BTT trend is bullish (10 to 20 or 30 sat etc

[Coyster]

To answer the question in your subject, it's a big NO for me, funding ICOs is like simply putting your money into someone else's pockets, enriching him or her while you impoverish yourself.

Your friend seems to have learnt the hard way and he wouldn't be the first nor the last to fall for ICO scams.If he had invested in the bitcoin, he'll have still been in possession of his coin no matter what, whether its a rise or a fall, that's what people need to understand.
Investing in an ICO this days is like giving away the private keys to your wallet, it's no coin/fund of yours anymore when you do so.

[DashingAgent]

To answer the question in your subject, it's a big NO for me, funding ICOs is like simply putting your money into someone else's pockets, enriching him or her while you impoverish yourself.

Your friend seems to have learnt the hard way and he wouldn't be the first nor the last to fall for ICO scams.If he had invested in the bitcoin, he'll have still been in possession of his coin no matter what, whether its a rise or a fall, that's what people need to understand.
Investing in an ICO this days is like giving away the private keys to your wallet, it's no coin/fund of yours anymore when you do so.

ٰIf there will be no ICOs, then there will be no value of Ethereum or another platform where you can build blockchain dapps, then who would like to buy Ethers or another Cryptocurrency? furthermore, If you fund someone, that does not matter where those are gone, because after the ICOs, when any token lists first time on an exchange then the investors make big money, atleast they receive whatever they invested in the ICOs. discouraging ICO will result that there will be no value of such tokens where you can make dapps or build other kind of projects, when there will be no projects, there will be no progress, and people will avoid the blockchain technology, even the bitcoin cannot become mainstream this way.

Additionally your concern regarding those people who spent their precious money on ICOs is not good, cannot be appreciated, because each project has a team behind it. & if you don't know that the early investors of ethereum has made big bags of money, as they have many ethers, (in the Ethereum ICO, one ether was sold at the price of 40-20 cents. Investors who invested around 1 bitcoin received 2000 ether) so those people already had big amounts, at that time when ethereum ICO was began, the price of 1 BTC was around 375-400 USD, and later the investors who just invested 1 btc, made 20 btc (sold 1 ether at the rate of 0.01+ btc) after when it was listed on exchanges) so consider when bitcoin took a jump to $800, suddenly ether got a big dump (traded around 10 cent in around Sep 2014) so the investors who already had big bags, they were launching ICOs and ICOs to filling their wallets, if you think that that people should not create new projects, and they should not fund the ICOs, then you mean to say that only the early investors who already had big bags of ethereum, has the right to launch the ICOs and the newbies, who are purchasing ethereum at todays price, have no right to launch their projects on the blockchain, because if they will spend something, they will be just in lose ? that is not a good idea, early investors who has now big bags should support the new projects instead of discouraging new people.

Crypto has the fortune for everyone, Everyone has the right to raise funds for their projects, businesses, or for anything, It does not mean that if you were the early investor and you had make a fortune, then new people who are entering in the cryptocurrency world, has no right to make a fortune, Just think that the restaurant who early accepted bitcoin by just selling bitcoin pizza at the price of 10K BTC, how much money the owner of that restaurant made ? ) and if you bought bitcoin at the price of $2, and now it is at $10K then you are now a millionaire for sure, but you think that newbies should not be given a chance to make money out of crypto, just you should make it then you will be called only a selfish piece of cryptocraze.

[thunderbitz2717]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

Not all ico are fail to run their project. As an investors too it will be depend on the ico if you are interested to invest in it, because being an investors it is our obligation to make some research first before you participate as one of their investors. If you find out that project has something promising in the future and potential to increase too in the end, it means you can get a good profit in the end.

[Thanasis]

Bitcoin is not something that comparable with ICO.


The reason why projects failed has various aspects like lack of advertisement,lack of uniqueness on their project so spending too much time on the project cannot be a reason to invest on it,they need to create something that people want to invest on.

[DashingAgent]

Bitcoin is not something that comparable with ICO.


The reason why projects failed has various aspects like lack of advertisement,lack of uniqueness on their project so spending too much time on the project cannot be a reason to invest on it,they need to create something that people want to invest on.

I don't think so that uniqueness can make any sound to any project, just look at tokenmint, they just replicated an old project and it is raising funds, actually the thing which is matter is only the community who give the project any importance. & there were many unique projects which has gone. Now they do not have any worth, so uniqueness does not matter in this case, only the potential and promises can drive the project. but nowadays when there is a trend of quick money, then investors don't care regarding that what kind of project is that, because they just sell all the tokens at first launch or listing on exchanges and when they see that the coin has dumped too much, they re-enter to make more money out of that project.

[jeraldskie11]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

It not good to feel that when you are expecting for the better buy it will end up with nothing. I think he expecting to get payment from it. Well, you have a good idea mate, it is best to support people when the project is ready but anyway, there are many project which is very promising even they are just starting, we only need to think about it first.

[DashingAgent]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

It not good to feel that when you are expecting for the better buy it will end up with nothing. I think he expecting to get payment from it. Well, you have a good idea mate, it is best to support people when the project is ready but anyway, there are many project which is very promising even they are just starting, we only need to think about it first.

Yes, actually thats what I said, when you support other people, they support you. and no one loose, because they also make money, & you also make money. just like a win win game. but one thing I should tell the community that I hate this (hodeling after the ICO) when you buy something from the ICO then you should sell instantly whenever that token lists on exchange, you should only hold the btc, not the tokens., it is just like that you should only hold the gold, instead of fiat.

[Thanasis]

Bitcoin is not something that comparable with ICO.


The reason why projects failed has various aspects like lack of advertisement,lack of uniqueness on their project so spending too much time on the project cannot be a reason to invest on it,they need to create something that people want to invest on.

I don't think so that uniqueness can make any sound to any project, just look at tokenmint, they just replicated an old project and it is raising funds, actually the thing which is matter is only the community who give the project any importance. & there were many unique projects which has gone. Now they do not have any worth, so uniqueness does not matter in this case, only the potential and promises can drive the project. but nowadays when there is a trend of quick money, then investors don't care regarding that what kind of project is that, because they just sell all the tokens at first launch or listing on exchanges and when they see that the coin has dumped too much, they re-enter to make more money out of that project.

This is why those immediate projects were end up immediately.There are many projects fallen due to market conditions and other things I mentioned.Some replica projects got funds raised huge but did they got the success after that? Possibly no.

[Mahanton]

Bitcoin is not something that comparable with ICO.


The reason why projects failed has various aspects like lack of advertisement,lack of uniqueness on their project so spending too much time on the project cannot be a reason to invest on it,they need to create something that people want to invest on.

I don't think so that uniqueness can make any sound to any project, just look at tokenmint, they just replicated an old project and it is raising funds, actually the thing which is matter is only the community who give the project any importance. & there were many unique projects which has gone. Now they do not have any worth, so uniqueness does not matter in this case, only the potential and promises can drive the project. but nowadays when there is a trend of quick money, then investors don't care regarding that what kind of project is that, because they just sell all the tokens at first launch or listing on exchanges and when they see that the coin has dumped too much, they re-enter to make more money out of that project.

This is why those immediate projects were end up immediately.There are many projects fallen due to market conditions and other things I mentioned.Some replica projects got funds raised huge but did they got the success after that? Possibly no.

All copycats would really have that kind of fate which is to become a dead project soon.There might be some projects might able to pull it up but not all the time.
Like erc20 projects that succeed but majority of them are already on the graveyard.So the question if I do fund ICO's? I have never done such thing.
I wont support projects which doesn't have an exceptional features that might convince me.

[Thanasis]

Bitcoin is not something that comparable with ICO.


The reason why projects failed has various aspects like lack of advertisement,lack of uniqueness on their project so spending too much time on the project cannot be a reason to invest on it,they need to create something that people want to invest on.

I don't think so that uniqueness can make any sound to any project, just look at tokenmint, they just replicated an old project and it is raising funds, actually the thing which is matter is only the community who give the project any importance. & there were many unique projects which has gone. Now they do not have any worth, so uniqueness does not matter in this case, only the potential and promises can drive the project. but nowadays when there is a trend of quick money, then investors don't care regarding that what kind of project is that, because they just sell all the tokens at first launch or listing on exchanges and when they see that the coin has dumped too much, they re-enter to make more money out of that project.

This is why those immediate projects were end up immediately.There are many projects fallen due to market conditions and other things I mentioned.Some replica projects got funds raised huge but did they got the success after that? Possibly no.

All copycats would really have that kind of fate which is to become a dead project soon.There might be some projects might able to pull it up but not all the time.
Like erc20 projects that succeed but majority of them are already on the graveyard.So the question if I do fund ICO's? I have never done such thing.
I wont support projects which doesn't have an exceptional features that might convince me.

Even if there is some project which can be found as very unique they still have to gain trust from the community to be a recognized coin like bitcoin then only they can make their dominance in the crypto market,or else they will vanish after months due to lack of community support.

[Astargath]

Well, IEO's and STO's are more popular right now. The problem I have with most ICO's is that they don't actually need a token or a coin to work, exchanges, platforms, gambling websites, what's the point of coming up with a new coin when you can already use any of the hundreds of coins that already exist and literally work in the same way.

[stomachgrowls]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

What? Your friend is the coder at the same time he sold of his car to support the funding of such project.Spending 3000 hours for work isnt that easy.

He's working for someone then he should be the one on getting paid for the work done unless if the agreement connects with equity or shares when the project succeed.

About on the question on why people dont support ready project?I dont know why  They do love to support to those ideas which are still in limbo.

[DashingAgent]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

What? Your friend is the coder at the same time he sold of his car to support the funding of such project.Spending 3000 hours for work isnt that easy.

He's working for someone then he should be the one on getting paid for the work done unless if the agreement connects with equity or shares when the project succeed.

About on the question on why people dont support ready project?I dont know why  They do love to support to those ideas which are still in limbo.

? does this make any sense ? you are saying that someone who worked for someone's project has sold his car to fund the project ? how did you assume that ? I did not say any thing like that.

He is just a coder (freelancer) and nothing more, the girl was just her client, he was not the team member of that project. He sold his car as he is facing financial problems.

[Kemarit]

Well, IEO's and STO's are more popular right now. The problem I have with most ICO's is that they don't actually need a token or a coin to work, exchanges, platforms, gambling websites, what's the point of coming up with a new coin when you can already use any of the hundreds of coins that already exist and literally work in the same way.

New business models has arrived, ICO are no longer the current trend that's why it is suffering and no longer being supported by a lot of investors around. IEO is the new thing, just look at how those projects quickly sold out in just a matter of seconds or minutes? To the OP, maybe investors are no longer interested to fund such project because of the simply reason that they don't see any potential profit with them. They would rather go to Bitcoin today or test their hands on the latest model that is IEO.

[SquallLeonhart]

Not anymore and from the looks of it thats the sentiment for the general public too. Some people still fund IEO's but the notion that ICO's could make you a lot of money is gone already. People fund ICO's less than 10% they used to (compared to peak) and that means not just me but generally nobody really funds ICO's anymore because they know it can't make you rich anymore.

It was a way to get rich quick because the early ones were great and they really made a product with their coin but nowadays only some horrible coins or failing teams try to make a new coin and get rejected by the IEO's so they focus on ICO's hence nobody looks at them. Its still millions of dollars funded but it is not really what you used to be and gone down incredibly low, seems like it will go even lower.

[DashingAgent]

Well, IEO's and STO's are more popular right now. The problem I have with most ICO's is that they don't actually need a token or a coin to work, exchanges, platforms, gambling websites, what's the point of coming up with a new coin when you can already use any of the hundreds of coins that already exist and literally work in the same way.

New business models has arrived, ICO are no longer the current trend that's why it is suffering and no longer being supported by a lot of investors around. IEO is the new thing, just look at how those projects quickly sold out in just a matter of seconds or minutes? To the OP, maybe investors are no longer interested to fund such project because of the simply reason that they don't see any potential profit with them. They would rather go to Bitcoin today or test their hands on the latest model that is IEO.

So do you mean that only whales can launch their IEOs ? and the people who really want to bring something should get out, out of this ICO craze ? This mean that already funded people has the chance to launch an IEO, launching an IEO on binance launchpad, or Bittrex need to have atleast 100+ BTC. so if you have such amount of money, then you don't need to go for an IEO to raise funds, you can spend these funds to your project and launch it. Let me know ICOs was for those, those wanted to raise funds for their projects with maximum less than a btc investment. If you already have money, then you don't need to go for IEO. and same for security tokens, the people who launch an STO, already have money (assets) which they claim that these are backing the tokens, means that these projects are left only for whales ?

[bitcoindusts]

One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

Your friend must have been devastated with what had happened. He sold his car and spend hundreds of hours for the said project and at the end it failed. He could have offered his skills to other developers who could at least pay him in part in ethereum or in bitcoin. Its sad that ICOs nowadays are very unreliable. No wonder why a lot of ICOs are failing because they are losing investors. People don’t want to trust them anymore.

[Nellayar]

Yes, during 2017 I bought some ICO on the market. Since ICOs before are really dominant and good enough to be an investment. I had bought before the ICO which were really hyped and had a product. But it turns to nothing when I joined different ICO that were scammer and failed. So, as of now I decided to pause a little while in funding or buying coins in an ICO.

[DashingAgent]

Yes, during 2017 I bought some ICO on the market. Since ICOs before are really dominant and good enough to be an investment. I had bought before the ICO which were really hyped and had a product. But it turns to nothing when I joined different ICO that were scammer and failed. So, as of now I decided to pause a little while in funding or buying coins in an ICO.

I don't think so that you should pause as if you find a ready product then there are less chances to be scammed, a scam is whatever if you think that the owner or developer can run after taking the funds from you without listing those coins to an exchange. Because when a coin get listed on exchange, the early bids are higher than the ICO price. so you can sell those coins with some profits or maybe with 10-100% of profits. even if the project has less chances to grow, then when a token get listed on exchanges then it works similar to lending platforms where you sell the coins with great profit. but profit in icos could be less compared to lending platforms. It is because when you will not support ICO projects then you may loose some good projects or those projects could be dead without launching.

But instead you should avoid IEOs because they are destroying the nature of dapp,dao platforms, if this continues then I don't find any progress for xem, neo, eth, nuls, trx, xtz, ark etc. people will just avoid them and they will become just penny coins.