Quote from: xiaoxz on April 12, 2018, 02:01:14 AM

Quote from: bandar on April 10, 2018, 06:38:10 PM

I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore. Remember a few months ago when some ico's were sold out in minutes? When does that still happen? It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage. For example: 4 million USD bounty! That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$. Wake up and smell the news! 1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh. There are no private investors.... If there were, they would be bragging about which ones which they don't. ALL lies and more lies.

EDIT: (since most posters only read the OP): That's why:

- Every ICO team member should do a mandatory KYC so everybody can find these people when the shit hits the fan.
- Vitaliks DAICO idea with escrowed funds that are released when certain goals on the roadmap are met.
- Pay bounties in eth/btc/fiat and not in tokens
- Team tokens should be locked for a year (a lot do this already).
- Delete Telegram as a whole Grin

(no j/k I don't like chat groups of 50k people, they are useless)

EDIT2:

I invested in a lot of ico's last summer. Most of them made profits, sometimes huge profits. When the market turned red, I stopped investing money and started investing time. I turned to bounty hunting (mostly translation jobs, some sig). By doing that I read a lot of WP, did a lot of research on teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing.

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico? You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there). There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard. Neufund was one of them. Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.

You are too powerful, I admire you for doing so much analysis, and you read so many whitepapers, so your point of view is very useful.
I don't know if you have your own telegram channel, I would love to join.
Thanks.

Thanks. I don't have my own Telegram channel (that would make me a hypocrit given what I just said about Telegram and deleting the bunch lol). But I do think about making my own Slack channel with people doing the same as I do.

I would make a slack channel with the principles of:

- Not trying to make money with it in any way (no shilling, no spam, no P/D, no lobbying)
- Pointing out possible scam ICO's I (we) come across without having to spread those accusations in the open (BTT). I don't want some maffia chasing me lol.
- Pointing out possible very interesting ICO's that do look bonafide.

I'll let you know when I release that. Wink