ICO Daily (9 Oct): Weeding Out Bad ICOs

Weeding Out Bad ICOs

Some say that 99% of ICO projects are fraud. One of the worst things about ICOs is the stigma. The ICO title can make good teams and projects appear shady, and we must put an end to this.

People can spend a whole day trying to figure out whether their selected ICO is a fraud or not. Some sort of a framework must be used to easily weed out the bad ICOs from the rest.

First of all, we must understand what Decentralized Networks, Tokens, and ICOs are. After we do our research, then we can distinguish trustworthy ICOs relatively easy.

 

Decentralized networks don’t have a central/main hub
These networks don’t have a central operator who could enforce certain rules. Also, the network is distributed all over the globe and doesn’t rely on one single entity.

 

Tokens keep networks alive
Tokens are virtual items that help people interact with the Networks. They are just like an entry for the database. The value of the token can increase if the network grows. Also, tokens are really useful when it comes to decentralized networks, since there is no central operator you could contact in case you don’t understand something.

 

ICOs are the innovative business model for new organizations
An ICO can be described as a transaction between the organization and the future consumer. The consumers pay the organization to develop their business.

 

How to find a needle in a haystack (ICO Edition)?
First of all, you have to ask yourself the following questions:

  1. Is the organization trying to build a Network or it’s just a regular company trying to make easy and unregulated money?
  2. Would it be valuable to decentralize this network? Some things work really well in a centralized environment. Decentralization is still a technology in its early stages which is really expensive, and in some ways – troublesome. We shouldn’t decentralize everything we see.
  3. Is the value of the product/service/solution the organization is trying to build related to the amount and % of tokens it’s asking for? (Example: asking for $x00 Million and x0% of tokens to “Build the first flying car” by copying Ethereum is questionable).

If you answer Yes to these questions, you have probably spotted an appropriate ICO with a legitimate business model. The rest is a traditional analysis of the team, market, product and etc.

 

Today’s Reading List:

Check Out Our Informative ICO List
Worldocre Raises over $5 Million on the first day of Presale
First Pharmaceutical ICO by BlockRx drives attention from investors in Dubai
UTRUST ICO is the platform with an aim to be the leader of consumer protection in crypto markets
tZero ICO will raise a fortune – Patrick Byrne prediction
IMF could issue international cryptocurrency to replace Dollar

 

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New ICOs

NAMESTARTING DATEICO CAPCURRENCYAMOUNT RAISED% OF CAP
ICOs STARTED  OVER THE WEEKEND (07 – 08 October)
Emphy07/10/171,440,000USD285,21119.81%
Crypto20 (Presale)07/10/1781,896,551USD2,303,8912.81%
Pundix07/10/17280,000ETH1,7040.61%
Gomineworld07/10/1737,000ETH60.02%
ICOs STARTING TODAY (09/10/17)
Elite 88809/10/17888ETH
ChainTrade09/10/17200,000ETH
Cryx09/10/17166,667ETH
Mega X09/10/17100,000ETH
Wandx (Presale)09/10/17550ETH550100.00%
Unicoin09/10/1730,000,000USD
Bcshop (Presale)09/10/178,000ETH
Nebeus (Presale)09/10/1750,000,000USD
Silc09/10/17TBDUSD
Fundos (Presale)09/10/1720,000ETH6,00830.04%
Ice Rock Mining09/10/1715,000,000USD70,6260.47%
ICOs STARTING TOMORROW (10/10/17)
Anacoin10/10/173,000,000USD
Notary Platform 10/10/1713,200,000USD
Qvolta10/10/17140,000ETH
Altocar10/10/1721,760,000USD
Ethersportz10/10/17TBDTBD
Sun Multiwallet10/10/1713,500ETH
Airswap10/10/17TBDTBD
AAA Coin10/10/1797,020,000USD
Viuly (Presale)10/10/17275,000ETH
Protos (Presale)10/10/17TBDTBD
Open Longevity Project10/10/177,500,000USD
BitBoost10/10/17100,000,000USD
Anna Smart Mirror10/10/1717,000ETH
A-token10/10/1718,600,000USD
Assistive Reality10/10/1750,000ETH
Payperex10/10/1780,000BTC
Game.com (Presale)10/10/1750,000ETH

Recently Closed ICOs

NAMESTARTING DATECLOSING DATEICO CAPCURRENCYAMOUNT RAISED% OF CAP
7ype24/07/1707/10/175,000ETH77815.56%
Recoin07/08/1709/10/17100,000ETH5,7895.79%
Decentralized Escrow27/08/1701/10/171,500ETH19813.20%
Oxycoin01/09/1701/10/172,000BTC1,16258.10%
Stable03/09/1701/10/173,000ETH1063.53%
Maecenas (Presale)05/09/1708/10/1762,500ETH47,44375.91%
Swarm07/09/1730/09/17TBDETH
Beone07/09/1706/10/174,500,000USD3,844,74285.44%
Belrium08/09/1708/10/17UncappedBTC
Crystal Clear Services08/09/1701/10/1760,000ETH2,0373.40%
Gamecoin11/09/1729/09/1760,000ETH1830.31%
Auctus Project03/10/1706/10/17400ETH525131.25%

Tokens Listed on Exchange

NameTicker SymbolExchangeListing DateICO Closing DateStart Trading PriceICO PriceChange since ICOCurrency
Prospectors(PGL)CoinExchange07/10/1710/09/170,000460,0005-7.40%ETH
Flik(FLIK)CoinExchange07/10/1720/09/170,000130,002-93.50%ETH
EthBet(EBET)EtherDelta07/10/1721/09/170,000580,001-42.35%ETH
Sand Coin(SND)EtherDelta08/10/171,731,75-1.14%USD
REAL(REAL)EtherDelta08/10/1730/09/170,003280,0045-27.75%ETH
Hubii Network(HBT)EtherDelta09/10/1707/09/170,000580,001-41.77%ETH

Ongoing ICOs

See the Full List of Ongoing ICOs Here

 

ICO Daily

 
  • WHA Project

    great article!
    In addition, remember the saying: All that glitters is not gold.

    • Vainius Mykolaitis

      This is really true! Sometimes you can find a golden nugget in the ashes – you just have to keep looking.
      We will prepare more guidelines in the future.