Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: ZetsAmam on August 24, 2018, 08:51:30 AM
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The new era of cryptocurrency world has triggers many entrepreneurs to build their own companies.
armed with simple science and without the support of a professional team they dare to build a company. of course this will be disastrous for them, because basically they just want money without thinking how and what their company goals in the future.
Some of existing projects is just a scam project.
Then how do we choose the right project?
Of course we can judge and learn from the mission and vision of the company. And we must check are the project is real. If it's good for the future then we join the ICO or pre-ICO they offer. Many companies that fail ICO have an impact unable to pay the participants' of their bounties program. Of course this has a negative impact on the company and it will be difficult to attract investors' attention to their products in the future.
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Just learn first before invest in the ICO project. There are some parameters that can be categorized as a good and deserve ICO by a website with convincing views, whitepaper, developer team, roadmap, community and plans for tokens / coins to be listed on the market.
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I prefer to invest more clearly in the project project that generates bitcoin.
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Yes that is correct brother !
This is very important to know by beginner. I saw them very enthusiastic and aggressively to join every project they find on tweeter. They don't care even the project don't have website. Of course this just waste their time.
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For every endeavor, one must read and study carefully and know your goal in doing that activity.
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For me i choose to participate the project which is managed by higher ranks in the forum like Sr. member, Hero Member and Legendary Member.
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You need to learn first before put resources into the ICO venture. There are a few parameters that can be sorted as a decent and merit ICO by a site with persuading sees, whitepaper, designer group, guide, network and plans for tokens to be recorded available.
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You need to learn first before put resources into the ICO venture. There are a few parameters that can be sorted as a decent and merit ICO by a site with persuading sees, whitepaper, designer group, guide, network and plans for tokens to be recorded available.
That's right, before investing in an ICO project we have to look at the concepts made in white paper made by a good team. the team that always held roadshows about Crypto in various countries, with large partners, clear road maps. so to choose a good ICO must be assessed by a project that is clear in everything.
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Check the team profile on linkedin or similar website, check ico rating, do your own research about project idea and the progress, check the price
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To see good projects is difficult, because there are now many projects that are scam. But there are some characteristics of a good project to invest. Usually their team is active on social media such as telegrams. You can ensure their activities on the telegram. In addition, see the project information they offer. That is equally important.
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A good project is one that has unique and interesting ideas. In addition, you can see the roadmap, hardcap, bonus and marketing. You also have to see the team that can be seen on LinkedIn. On LinkedIn, you can see their work history and educational background.
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I used to see managers working on the project. Usually I will see who the manager is. If the manager has had successful experience in one project, then I believe that the project is legitimate and good.
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Not all projects commit fraud. Some of them are truly potential and provide benefits to investors. Before participating in the project, we must analyze more deeply the fundamental aspects of investing. Basically, i always see from the team and community activeness, legality, whitepaper, product, and ICO website that was followed.
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At the first i would like to find who is the bounty's manager. If he has many track records,ill follow his bounty
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For now it's really hard to choose and invest a good project so i suggest to hold on your capital while looking for a better project to invest because it's too risky if the project is not verified.
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@marshmellow, aside from seeing who the manager handles the project, I think seeing who the project works together is important. If the project works with a well-known company, I think this can be a guarantee for us that this project is safe.
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that is, by looking at the mission, goals and programs of the project. and managed by whom? visible sales results. and the manager always keeps their campaign promises
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that is, by looking at the mission, goals and programs of the project. and managed by whom? visible sales results. and the manager always keeps their campaign promises
agree with you, a project atleast have a criteria like you said, its also my concern before decide to invest in an ico project, after above criteria passed, ive cross checking at rating sites
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Few days ago I took part in the bounty on the x.... bountyplatform. I'm really interested at that project. But during the analysing points of rules that platform I've found that bounty project hadn't any attitude to the x.... bountyplatform. So how at this situation be attentive and more careful in searching of good projects?
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Its true that a lot of pojects are scams these days as many just float these so they can sell off the eth and bitcoins they realized but then, there are some icos that are really genuine and this can be predicted by studying the whitepapers of this company although some scam projects also have beautiful whitepapers so care needs be taken
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From my point, good project to Invest has
1. Thread ANN
2. Good Design and Domain website
3. Covered in various news (like yahoo finance, etc)
4. Whitepaper
5. Team
6. Quality of is coins
7. Roadmap
8. Community and Review
9. ICO rating
10. Listing plan
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So true. If we choose a good and guaranteed project in the ICO, that is by assessing and learning from the company's mission and vision. On the other hand we also have to check the project team, teamwork, market opportunities, market prices at that time, the legal basis of the project, or if there is a project website and others. From there you can specify a good ICO Project and not a Scam.
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To find good project, you must choose project with many partner. Or you can choose project with active team. Don't forget to join their group to get information.
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Reading the whitepaper is good way but if you think the project is good but lack of influence you can try to wait after the presale. See if the softcap was reach then invest in ICO.
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maybe see the number of people who bought the product that made the project said to be successful? People say the project is good and useful in the future.
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The new era of cryptocurrency world has triggers many entrepreneurs to build their own companies.
armed with simple science and without the support of a professional team they dare to build a company. of course this will be disastrous for them, because basically they just want money without thinking how and what their company goals in the future.
Some of existing projects is just a scam project.
Then how do we choose the right project?
Of course we can judge and learn from the mission and vision of the company. And we must check are the project is real. If it's good for the future then we join the ICO or pre-ICO they offer. Many companies that fail ICO have an impact unable to pay the participants' of their bounties program. Of course this has a negative impact on the company and it will be difficult to attract investors' attention to their products in the future.
For now it's really hard to choose a good project to invest due to a very weak market and most of the project did not reach their target softcap and hardcap, so i suggest to hold temporarily in investing ICO project while the market still not recovering to avoid any risk of your investment capital.
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Many people focus on whitepaper in analyzing projects. But most importantly for me, legitimate projects are projects that work with other companies that already have names. In addition, seeing who the manager is is also important.
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It is heavily now to choose good project as all trades instability, looking for signals is also get you 50/50 risk on luck
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Simply learn first before put resources into the ICO venture. There are a few parameters that can be ordered as a decent and merit ICO by a site with persuading sees, whitepaper, engineer group, guide, network and plans for tokens & coins to be recorded available
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So true. The way for us to choose a good project in ICO and not get a Scam is the following way. First you have to examine the Project team first, then the vision of the mission, if there is a website owned by the project, teamwork, target team, target market, approximately the number of investors who enter and others. From here you will be able to tell which project is Scam and not.
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Good project in my opinios is, Has good partner in the project, obvious whitepaper and roadmap, good and utility product also listing in good exchange if they reached softcap
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Yes, I experienced a lot of campaigns that I joined and many of which were not paid. Many of the reasons given by the company started from Ico which failed and others. Hopefully in the future all this can be minimized
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First look at their basic idea. Does it have much competition? Is it even possible? Then look at the team. are they capable? Do they have a good network? Have they proven themselves before? Then look at presale bonuses, can you get in? Will you get much less because others got better bonuses? Is this some ponzi like scheme? Then look at hardcap and consider if it's too high or not.
Also you can ask some smart people what they think of it.
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All depends on you. Because you will later choose the ICO Project. If I can't show which project is good. But I can teach and give you instructions about a good ICO project. Usually a good ICO project has a solid team, good team work, a clear target market, there is a legal basis too, there is a background and there is usually a website as well as many investors coming in too. That is a characteristic of a good project and will not be a scam.
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If you want to get a good ico and can get good benefits besides seeing the whitepaper and the team, we can also see the managers who manage ico, and the rules set by ico if it matches then we can follow it. so we will get more profits in the future.
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i also considers a very good reseach before investing in any project, because of many scam projects out there. knowing the team members will greatly help in identifying the best projects and boost the possibilities of a successful project.
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The new era of cryptocurrency world has triggers many entrepreneurs to build their own companies.
armed with simple science and without the support of a professional team they dare to build a company. of course this will be disastrous for them, because basically they just want money without thinking how and what their company goals in the future.
Some of existing projects is just a scam project.
Then how do we choose the right project?
Of course we can judge and learn from the mission and vision of the company. And we must check are the project is real. If it's good for the future then we join the ICO or pre-ICO they offer. Many companies that fail ICO have an impact unable to pay the participants' of their bounties program. Of course this has a negative impact on the company and it will be difficult to attract investors' attention to their products in the future.
I am bounty hunter, i choose good project for excample i am looking for a roadmap or whitepaper of many ICO's.
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Identifying and choosing a good and legit project in order to invest in it is the wish of every crypto investor. Nobody would want to waste his or her money in something that wouldn't yield any profit in return.
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Do we really know good project from the mission and vision of the company? some scammers are good thinker and good writers too in fact they write better .
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Many of f the projects that we call scam projects are really not scam projects, they are just genuine projects that fail to hit their softcap goals but like you said, it affects bounty hunters because it sometimes results to months of work wasted without payment.
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It’s not possible to choose a good project simply by relying on the opinions of other users from the Internet, I invest only in proven projects that have been around for a long time.
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Before investing firstly I look at the #DevelopmentTeam . Many guys are involved in several projects. The team members could participate in other successful ICO. Then i read white paper, roadmap and go through the website. Finally, you check different ICO ratings.
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For me to determine it’s a good project or not. I always look at their white paper, team members and roadmap. I seldom get the information from ICO reviews website cause some of them are not trustworthy anymore
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Before choosing a good project and invested on it read the whitepaper carefully ,check the team members and roadmap.And also see the target of that project.
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Another way to choose a good project is to check this blog https://tokpie.io/blog/get-ether-immediately-for-bounty-stakes/
It summarizes the most promising projects which tokens can be obtained by buying bounty stakes from hunters.
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I agree that most existing projects are fraudulent, but if you choose projects wisely, you can make money
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You must conduct an in-depth analysis, read the white book and identify the people who joined the project that you will follow. Don't forget to also ask for input from the seniors who first knew.
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My two cents in this discussion will be :
1. Choose several projects and check their activity in social media( to learn about their reputation and stuff)
2. Check the partners of this project.
3. Do a research, find out if there is any license.
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Just choose wisely and analyze it and be more open mind to see and learn the perfect project for you and if you want to sell your bitcoin to invest sell it its your decision and make your decision grow dont be afraid of scam just thrust your self that youcwill choose a perfect project and you will invest and grow
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Well, the truth is choosing a good project is not easy these days, you need to have some luck to do so.
Basically, the first thing to look at is the website (Whois info, Domain owner, Phone and address) and then the whitepaper about the project. How good are the website info, design, and the project team? Read the whitepaper 4 to 5 times to have the full understanding of the whitepaper before planning to jump in. Lastly, look at the previous project history on the web, good or bad.
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I agree that most existing projects are fraudulent, but if you choose projects wisely, you can make money
Numbers show that 70% of the 2017-2018 ICOs were a scam. It's quite hard to find a reliable one!
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Cryptos are somehow not so stable and their secuity can be compromised by many factors. That is why every tader should really focus on studying the market first to know good and bad projects before investing. You should go for a viable projects that can be tracked and authenticated.
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You need to learn first before put resources into the ICO venture. There are a few parameters that can be sorted as a decent and merit ICO by a site with persuading sees, whitepaper, designer group, guide, network and plans for tokens to be recorded available.
This is the true part of it.. We must always know and research on the project that we want to go into so as not to loose our funds into bad ico's
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Hello, a short note and a couple of facts about investing.
Scientists from the University of Pennsylvania found "Most ICO projects" lie "in their White Papers"
The researchers noted that most of the ICO-companies that guarantee complex smart contracts, in fact, do not have the appropriate code in their own protocols.
Of the TOP-50 projects, which experts analyzed, only 10 actually provided the declared smart contracts. Taking into account that only 56% of companies receiving investments by tokenail finish their work within four months after the ICO, conclusions are disappointing.
"One of the main problems of investors is that few people read White paper, the other error lies in blind trust in" white paper ". Investors rarely check the information described in WP and do not have the proper level of competence to check the open source of a project. This is enjoyed by a huge number of ICO organizers, who do not even bother to develop smart contracts that are stated in the technical documentation. You can not trust people, you need to trust the code, "the scientists note.
Here you can read the full report (source): papers.ssrn (Unfortunately since I'm new to this forum I can't publish external links, sorry)
Just a small report shows us:
"Qualitative ICOs received 70% of funding in 2017, although more than 80% of fund-raising campaigns turned out to be fraudulent"
"ICO received $ 11.9 billion in funding last year, of which 11 percent came to fraudsters - $ 1.34 billion. Almost all of them fell on three large start-ups"
"Researchers from Boston College analyzed 2,390 ICOs that took place before May 2018. 56% of them closed immediately after the fundraising."
"4% of ICO could not collect the required amount, and 3% of the coins did not go to the exchanges within three months after the end of the token."
Reading this information on the Internet, at first I was shocked by these figures, but I agree that these figures may not be exactly accurate, yet they are for me a strong argument to conclude that we are not educated in terms of investment. I wanted to clarify these points for myself, for one to share with you.
1. To begin with, let's start with the fact that the project should have low competition, there are dozens of identical projects related to real estate, banking, the usual payment system and so on. Probably out of ten identical projects, there will be only one or two, the rest either will not collect the necessary amount or they are scammers. Also, I would advise you to compare their white paper, it often happens that scammers simply copy it from an honest company.
2. The second rule that I have defined for myself is the mandatory presence of MVP. MVP is a minimum viable product, a small part of the product that you can experience at the investment stage in order to understand in practice what you are investing in. That is, it can be a set of basic functions of the product produced by the company.
3.Product - it must be in demand, it must solve some important problem of the user or society problem. For example, take the stock exchanges, thousands or more, in such quantity they are not needed by anyone. Personally, I have enough 10 exchanges, about 5 of them I go constantly, the rest I visit much less often.
4. Further it is necessary to examine the position of the need for blockchain the product, perhaps the product will exist without blockchain, for example, tokens for payment of a hotel or tokens of banana plantations, there are many such examples.
5. Scalability of the project. The project will be able to work not only in one city or country, but all over the world.
6. A road map, it must be realistic and understandable. It should be painted in detail.
7. Product demand, I mean this product will not only be used by you, think it will come in handy to your friend :? can be Mom :? or neighbor :? this is an important point to think about this many times.
8. The team. I already wrote about this on the forum, but I repeat, I read this rule at the beginning of my development in the crypto currency. Never pay attention to the fact that the project is advertised by a well-known person. This does not affect the technical part of the product.
Here are some criteria that define a good team.
CEO has an entrepreneurial experience. I participated in the management of several successful projects.
There is a person responsible for finance or organizational processes.
Most of the team must have experience in this market.
9.Token-consider the law of supply and demand. Will you need a token to someone other than you. Will they buy it?
10. The legal part of the project. Compliance with legislation. Well if the company is registered on a legal entity and is in such countries as Japan, the United Kingdom, Switzerland, the EU countries and so on.
Bad if the company is registered in offshore, most likely it's scammers and after they have collected money, they will run away with your money to them nothing will be. It is very simple to check this, each country has a list of taxpayers, if in such lists you do not find this person you can forget about this project.
an honest company is always ready to answer legal questions. Also you can always check each member of the team on the Internet, check their profile and other information if available. Always look for the name of the project in the search. Perhaps users have already written some important information.
Do not hesitate to ask questions in the chat room of the company you want to invest in.
Among other things, I visit the page of people who are directly looking for facts about scams in the crypto world. For example @icokaraulny (twitter) , as he has his own chat in "telegram" , there is a lot of interesting things! (Friends this is not advertising, this is my experience gained over my time)
Conclusion: I know that now one of the main questions of newcomers is how to define a fraudulent ICO, there are already many options for answers, but as it turned out this is not enough, this is only a superficial analysis. I'm not saying that I know a lot, I'm a user like you, I also do not want to fall into the clutches of scammers. Therefore I understand that there is a great need to develop. And do not whine that "once again I was deceived by the swindler." Yes, perhaps someone will seem that with such an analysis you can not invest at all in any projects. But believe me, it's better not to invest at all than to sponsor fraudsters, so that they bathe in luxury. In this case, I will choose to invest in my education and return with knowledge!
Thanks to everyone for reading the post and a special thank you to all the authors of those many articles that I re-read to learn it for myself.
Since I recently moved from bitcointalk to this forum, this list I published there from my account.
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there are a few points that need to be checked:
- ICO?
- premine?
- existing product?
- potencial market?
- coin emission
- team
These days everyone needs to learn and search... and then think about it's own investment ...
don't trust/expect that someone else will be protecting your best interests, everything takes hard work
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it's will base on many thing such as the result that project want to reach, the possibility, the community, the price per token and so on
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For you to invest into any project, you need to make a very good research about them projects that you have in mind, you need to know the teams behind it, you need to join there social channel to know if they really have a working project, and more so you need to know the kind of problem they intend solving and if there target can stand the test of time..
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The best way to choose the right projects is to keep an eye on the whitepapers. Reading the whitepaper of new coins is the best way to judge the strnegth of upcoming crypto currency on the market. I have made thousands of dollars by participating in the ico offers.
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Firstly, there are less innovative project !
Almost all are similar to each other. DEX, dApps which is non-innovative,wallet,tokenise brands...
btw,My criteria have mainly ONE point.it is Related patner.
Partoner company, Institutional investor,Manager of project.
the reason why if they compete, the project that has Money and Conection perhaps win.
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First just earn learn and get some new information about the project. And analyze it and ask someone who is on a project. That you want to join and tell them is this project worthy. And is this project can help me grow my investment :tips just keep reading goodluck