Prove that you shouldn't rely on icobench and others

[DDante]

Ico rating websites are all controlled by humans like you so expect some shady business from them because for humans its always about the money, i was a fool when i always look for good rating projects on icobench but not any more ,thanks

[Katashi]

OP is absolutely correct! crypto investors should not depend their judgement on icobench because the ratings can be faked but they can use this as a reference and if you think that the project is profitable then you must conduct a thorough investigation to avoid getting scammed by fake projects. Never rely your decision on a mere rating sites and get more information as much as possible.

[Anonylz]

I never really believe in those ratings anyways, I always don't even remember to check any project out on those sites, i remember GMAT bounty, did only week 1 and left for another bounty i thought would be better but i was wrong, gmat was a huge success and i really regretted leaving that bounty,
Maybe only newbie will still pay attention to those rating sites.

[Greatchu]

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

The way i view icobench its like all good projects have bad rating, if i were you i will focus more on the less rated projects, all projects that are rated over 3.5 are mostly crap

[ableh]

I have never used ICOBench or similar websites to find the best projects, because some of the ICO list in there are endorsement products (they are paid to give good ratings) and the rest are fake ratings. Why did I say "Fake Rating"? As OP said, although some ICO have bad ratings but the fact is that after the platform is launched they can be successful. But on the contrary, platforms that have good ratings are actually scams.

[albrots]

now the project that initially looked good then turned into a scam project. gowithmi used to look promising and looked successful. Even though it's already on icobench.com, it's not necessarily a good project. You can report it if it is proven to be a scam so you can delete it and mark it on icobench. Scam projects must be destroyed.

[tenakha]

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

ICO rating sites do not research the project, look at the project in just 2 minutes and give the value they want. While they try to be the first, they actually screw up their vision. Now I can not prove it, but several times I have seen that they have listed the scam projects. Even, they are so far away from these issues that, although someone gave the opinion about scam project, no one has updated the page. These sites only work to find the names of projects, just trust yourself in the research theme.

[krb91]

All these rating platforms are just a plot to make investors believe the project is a good one since it has been 'reviewed' by experts.  These days ratings are not guarantee of project's success or even team integrity. 

[xiboothrezi]

That's like an open secret.  A good rating is not a guarantee that the project is legitimate and promising, as the OP explained, the rating can be manipulated with money.  Initially, I did not believe until I felt it myself when I joined the Hashcard, which had an almost perfect rating with a very promising explanation, but it turned out to be a scam. Since then I no longer use the rating website as a reference and choose to do an independent analysis.

[huu78]

I do not believe in Web ICO rating like that. Yesterday I heard from my friend that the platform is pay to win where there is money rating would be good.
So I could not underlie to analyze the ICO or coin of a rating site like that. And we need to stay alert to the given platform.

[Duzter]

Ico rating websites are all controlled by humans like you so expect some shady business from them because for humans its always about the money, i was a fool when i always look for good rating projects on icobench but not any more ,thanks

http://More rating websites have come into existence with domain names that looks catchy to make people go through and have a glance over different listed projects with schedules of launch. As all of us know, end of the day each and everything is connected with money. Here too same is the fact, in this we cant blame them. They get paid and list it, and it is our responsibility to have a perfect research and do the investment over the right projects.

[taufik123]

A high score on the ICO platform revew is not a guarantee if the project is original or will be successful. All can be manipulated with money. Scammers now have a lot of money to pay anyone to look authentic and can drain investors' money.

But for icobench.com, you can report it directly to the telegram discussion group
icobench if the project listing on icobench.com is proven false with some of the evidence you have. If it is proven to be false they will respond and usually in the scam project thread will be discussed more clearly.

[cahbagus555]

This is a warning to all newbies that seek help from ico rating websites when they are looking for projects to invest money on..

Facts
- You have good money to pay? you will get good rating on the platform, this is the way of ico rating websites
- Good projects can get bad rating on them, and that doesn't mean they are bad project..

For example, you must have been hearing about how successful gowithmi project was right? check out the rating on icobench using the link below.

https://icobench.com/ico/gowithmi

The score is 3.3 where as projects that have better rating turned scam as well, all i am saying is its better to rely more on your own research and not rating.

Ratings on websites such as ICObench and the like do not reflect good or bad a project. Many projects have high ratings but their performance after entering the market is not good or sometimes many are scam. In my opinion, the research itself is more convincing that we decide to invest, one of which is about partnership

[Mike Mayor]

I never believe these ICO "benchmark" "review" sites. Calling it a "benchmark" is extremely misleading since there is no benchmark but rather it comes down to how much you trust the site.
The first thing that rushed to my mind when I first saw these sites was "I bet people just buy good reviews" many of the reviews make no sense and they go on and on and on about things they consider innovative but actually like most ICO are really just empty promises that will crumble under their own weight.

[Aabcde]

Yes, you're right. We should not really trust rating service providers. Because the ratings they give are not necessarily commensurate with the work of the developer.
At the beginning they were there, I followed their reference, and I have been trapped in the project 3 times that did not provide any benefit. Since then I have not believed in ico rating website. Because there are two different times between the first time listing on the ico rating that the details they can makeup and the second time is where the project is completed during the ico period and the original price is seen in the market and under the guise of the developer.

[Callanta787]

Those that needs to wise up about this are newbies indeed, many people on this forum knew that ico rating websites are deceiving but what about newbies? i hope this gets to them as soon as possible, some good regulation is really needed in this space, i belief its the only solution to turn to

[Bitbtc8]

But the truth is if ico rating websites don't request money for listing and rating tokens how will they survive? money will always be involved because they will never do all that for free

[Stanlo]

If you are not ready to pay you will never get good rating not only on icobench but all other ico rating websites as well but i found icobench to the the most worst of them all

[Mighty_crypt]

The only thing that is legit and true on icobench and which is the one reason i am still using it till date is ratings from ICO Advisors, they mostly reveal some weak points in new projects, with their opinion you will be able to see things you couldn't before

[TRONTON]

in the end they were only reviewers who also focused on business forwarding options. That's actually not wrong because they also can't predict the sentiments of holders and investors. Only appreciating potential and projections, just a kind of initial reputation-forming catalog tool, I chose to be more critical for developers directly to know the actual development.