Post
Topic
Board Altcoin Discussion
Re: Do you think an ICO, or coin, is all about the marketing?
by
mangodream
on 20/09/2017, 09:09:46 UTC
I mean most these ICOs are not even original ...
Adult dating, real estate, gambling, etc etc ...
Really there is nothing new to the table, so what is it about ?
How much you spend on marketing ?

That's pretty much my thought. I see new alt-coins popping out every day... as you said, for gambling, for music,etc.. they've became like facebook credits, you buy them and use them on one specific website just for that company that created it so they can roll those coins on their own website while the price is rising... similar strategy to steam, where you can deposit money and sell games but you can't withdraw.

Me too. Everywhere you look in the crypto world, you'll see new coins for new projects but it's always the same ideas : decentralized platform music, for instance. You can find at least 4 or 5 similar projects but none of them actually burst the screen... And this is true in every field.
ICOs are a way to get money easily. There is such a keen interest in the blockchain that it's enough to say the magical word "decentralized" to attract investors.
And because people here are remunerated to promote ICOs, the whole deck is stacked.