Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on March 27, 2018, 05:25:00 PM
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
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To choose a good ICO, do as much research as possible. Learn more about the team and the project developers. Check if they have an existing product in the market. That would be an advantage. Find out about their road map and future plans. Join their Telegram group and BTT discussions and hear what other people are saying about the ICO.
Take for instance, VLUX, a London-based startup who have combined AI and Blockchain to create a P2P energy trading platform. They already have an MVP in the market called Verv which was created by UK's Green Running.
You can visit their website at https://vlux.io/
Watch this video to meet the team &t=1s
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First you need to check the Team of developers and the managers if they are trusted and then you need to check and read their whitepapers and road maps and projects. If possible participate in their telegram where you can talk to their team freely and ask what ever you want to ask just to wipe your confusions.
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I totally agree, the team is one of the most important factors for me. I try to do as much research on them as I can, check if I find them on linkedin etc. Funnily, these things are often presented very differently on the ICO websites. The cultural coin for example is an ICO I participated in: https://www.culturalplaces.com/ When you scroll down you can see photos of all investors and team members + links to their linkedin. This kind of transparancy appeals to me. But I think the telegram chat is a really important factor too and I always ask questions in the chat just to see if the team appears professional and replies to questions I may have. After that definitely check whitepaper, website in general, product, background etc. Good luck !
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
There is no guarantee that you will never become a victim of fake ICO's again.
Maybe the most important guides are whether or not the project is relevant and whether or not the team can deliver.
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Choosing a good ICO is a matter of personal preference. Each has their own opinion. Some would say shit project and other a "gem" on the same ICO. Basic guides for me: Relevance, Team identity and capability.
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I think it's complicate to choose an ICO.
Because we never know if the project can SCAM.
I never did ico before but i heard a French Ico Project (i'm french guy) and for the first ICO it's easier to talk in my native language to responsable of ICO
(i talked about SATT ico if someone knows?).
Anyway, it's a gamble and all gamble is risky ;)
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i must say check the team developers and managers of the ICOs read the whitepapers and their projects follow their social media accounts get more details as more as you can
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
ICO is only a scam when they get full funding, and instead of doing what they promised, they run away with the money. Some ICO's simply fail to convince the public of their ideas, and don't pay their bounties cause funds were refunded and con was never made.
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
I think you can learn their whitepaper and their team. You also see the project's purpose.
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Even having a good team and a white paper doesn't make the project reliable. There is no guarantee that you will not be deceived. you need to look at the rating of the project, the technology and hope that you will not be deceived.
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Here are some of the guides I use in choosing ICO's
1. Use case
2. Team
3. Community
4. Prototype or MVP (each project should have this one before asking for crowdfunding)
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The trick is rather difficult and it is not easy to recognize which ICO is good and which is Scam. I can research the Scam Project from the Team, Team performance, Team Structure, Target market, Legal basis, etc. which I consider important. From there I can decide to invest in a project at the ICO, whether the project is suitable or not.
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The trick is rather difficult and it is not easy to recognize which ICO is good and which is Scam. I can research the Scam Project from the Team, Team performance, Team Structure, Target market, Legal basis, etc. which I consider important. From there I can decide to invest in a project at the ICO, whether the project is suitable or not.
I've been pretty much doing the complete opposite. I don't dig into the team that much, and just go with projects that I want to succeed, and with themes that I like. So gaming, sports, and exchanges. Even though these might be rather dense, hard to succeed areas, someone will make the best new thing sooner or later. I stay away from ICO's I don't understand, complicated business stuff, ideas too large to imagine happening, etc. In other words I cross my fingers and hope for the best, but with projects I actually want to use in the future.
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I chose the ico project based on the team and advisor from the ico project. Team experience in a project is needed to acknowledge the future of the project. if the project has a quality team, I'm sure the project will be good in the future.
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They should has working product or minimum MVP (Minimum Viable Product), nice concept and idea. The project consist of professional and solid team. Learn more about review in some ICO review site and other some review from influencer in youtube really help to more understand the aim of the project.
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
I think You can choose good bounty in here or bitcointalk forum. You also can check it in icobench and bountylord.
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I chose the ico project based on the team and advisor from the ico project. Team experience in a project is needed to acknowledge the future of the project. if the project has a quality team, I'm sure the project will be good in the future.
I agree mate. I also see their team of ICO project. Because too many ICOs are scams now.
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the tim behind the project is something important to check first
then another factor i will check on some rating ico website
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
There is no guarantee that you will never become a victim of fake ICO's again.
Maybe the most important guides are whether or not the project is relevant and whether or not the team can deliver.
You are right,
I think investors' money has held many in the 2017 ICO, they are guarding their assets because prices are not satisfactory or because they deliberately hold altcoin because they hope that ICO prices will soar, I think many investors are losing money in 2017 and in 2018 many ICO Frauds and investors lose more money and become less interested in the ICO, I think that by 2018 the ICO has a lot of problems, there are too many problems that I feel that the ICO in 2018 was in vain.
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The news of fake ICOs is all over the place. In one way or the other, we've been victims of either fake ICO or its bounty program. What is your criteria for choosing a good ICO? I don't want to be a vicitim of scam ICO any longer.
I think You can choose good bounty in here or bitcointalk forum. You also can check it in icobench and bountylord.
I agree. I also check the good icos in icobench website. Also, before joining in any bounty campaigns or icos, it is important that we check their website, whitepaper and its team. We can also join in their telegram chat or follow them in their social media accounts.
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There are many ways to choose a good ICO but you have to be careful in choosing it. You can research the Project in the ICO properly by taking into account several aspects such as the Project Team and some other aspects that you think are important for making decision decisions in investing in the ICO.