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I am sure real, legitimate ICOs must exist, but I have yet to find one. Can anyone point to one that they strongly believe is legitimate?
by meowface 9y ago
I am sure real, legitimate ICOs must exist, but I have yet to find one. Can anyone point to one that they strongly believe is legitimate?
- whataretensors 9y agoEthereum seems legit. For modern answers: WTC, SNM are two that I like
- banderman 9y agoIs there anything that it can exclusively do? I mean functionally in the real world, right now.
- baddox 9y agoWhy is that question important?
- sanderjd 9y agoAt risk of taking the bait... why wouldn't that question be important?
- Analemma_ 9y agoEverything you need to know about cryptocurrency is right here in this comment. “What does it do?” “Why would you ask that? Just BUY BUY BUY”
- Yizahi 9y agoI once saw a hilarious answer to the question about unique uses of blockchain as a general concept. One user said that it is great for "tracking of diamonds". O.M.G. People expect other to pay money and invest time in development of a tool to enable even more closed-in and tightly controlled global monopoly by De Beers mafia cartel :)
- richardknop 9y agoThat is the most important question which all these ICOs and tokens can't answer. If they can't be used for anything useful or provide very value that means their price is just a bubble led by naive investors and speculators/scammers.
- aianus 9y agoDecentralized gambling like Augur
- lmm 9y agoThat cat-breeding/trading game is honestly the most compelling legitimate use case I've seen for any cryptocurrency.
- whataretensors 9y agoI put disposable income into a few ICOs where the ideas are amazing and the team looks capable of implementing it. It's like a kickstarter to me. Might not work, but if it does I get something cool. Like if SNM works I effectively get access to really cheap compute power. So no, they don't work yet... which is why they need the money to build the product.
- agravier 9y agoLegitimate as in lawful? Maybe https://blockmason.io/ https://blockmason.io/? They have been quite keen on justifying that their ICO is lawful by publishing their legal advice. e.g. (PDF) https://blockmason.io/Blockmason_2017_12_19_Supplement.pdf https://blockmason.io/Blockmason_2017_12_19_Supplement.pdf and https://blockmason.io/Ethereum_Opinion_2017-08-14.pdf https://blockmason.io/Ethereum_Opinion_2017-08-14.pdf
- chrisco255 9y agoNot tracking active ones, but participated in Qtum ICO. Has successfully launched and delivered. As a smart contract platform, Qtum itself has launched several dapps which were offered over ICO: https://eco.qtum.org/dapps https://eco.qtum.org/dapps MakerDAO (https://makerdao.com/ https://makerdao.com/), Status (https://status.im/ https://status.im/), BAT (https://basicattentiontoken.org/ https://basicattentiontoken.org/), many, many others.
- detailyang 9y agoIt's amazing. are you Chinese boy ? how did you find Qtum ICO :)
- wmf 9y agoFilecoin.
- heroprotagonist 9y agoI'm still undecided on that one. I have seen the website, whitepapers, and different videos.. from promos to some guy giving a talk. But the only access you get to actually use it is a waiting list, unless you consider some of the underlying IPFS technology it uses that you can get from other sources (which is a different beast entirely). It's likely I'm not meeting some prequalification requirement for the access, but this unfortunately means I can't get excited. If I can't test it anywhere and have never made it run myself, I have to withhold judgement.
- wmf 9y agoFilecoin hasn't even been coded yet and no one has access to it. Once something is already developed they wouldn't need an ICO.
- kinggfx 9y agoThe tokens are trading over 10X higher than the ICO price (2.60 in the first hour). https://coinmarketcap.com/currencies/filecoin/ https://coinmarketcap.com/currencies/filecoin/ .
- TeMPOraL 9y agoI'm undecided too, and that's the only ICO I've seen that I consider possibly legitimate. IPFS itself is supporting evidence - it shows that those people can create a working and actually useful product. Filecoin seems like a good fit for the "incentive layer" above IPFS, and from what I remember from the ICO, they did their best to make it legally in the clean. I guess we'll see what happens when (or if) Filecoins get released.
- lowglow 9y agoI'm biased but I'm running one. I've been a long time member of the hacker/dev community, heck, you can even come to our office and visit with us. I also run the Crypto Builders meet-up out of Noisebridge here in San Francisco. Come out and hack with us.
- tptacek 9y agoIf it's Synapse.ai you're talking about, and it's "legitimate", why did you run a time-limited whitelist application process to drive scarcity for the coin you're selling? Are you registered with the SEC? If not, what's an interpretation of what you're doing where you're not promoting an unregistered security to the investing public? https://imgur.com/a/99K2Y https://imgur.com/a/99K2Y
- giffarage 9y agoBasic Attention Token https://basicattentiontoken.org/ https://basicattentiontoken.org/
- 45h34jh53k4j 9y agosorry -- bat was a scam. https://medium.com/the-bitcoin-podcast-blog/a-look-at-the-bat-token-distribution-bb3bcb92748f https://medium.com/the-bitcoin-podcast-blog/a-look-at-the-ba...
- atomical 9y agoWhat is your definition of a scam?
- 45h34jh53k4j 9y agoSelling a large slice of the tokens to a small group of specific investors, such that they obtain a much larger price when these are listed. Because they were in so few holders from day0, and the 'auction' closed so quickly, price discovery entirely up to small group of 'investors'. Its birthing shark whales to steal from the little people. This was back before the real real ICO scams, so it looks pure in comparison. 2017, what a year!
- pfooti 9y agoi've been working on one related to climate change - i have perfected a self-replicating, solar-powered carbon recapture facility. i figure the coin can represent some amount of carbon offset. working on a white paper as we speak.
- Theodores 9y agoSponsor the 64 million trees of The Northern Forest in the UK with the Bitcoin Pine backed by pine trees. Make people get off their arse and visit their trees in person to cash out. Also have Bitcoin Oak, Bitcoin Ash and Bitcoin Rowan etc. Work with a charity so Bitcoin Oak is fully tax deductible and not gambling.
- pfooti 9y agowell yeah, the self-replicating carbon-recapture devices are trees. way to spoil the business secret, Ted. didn't you sign an NDA?
- Theodores 9y agoD'oh! I have given the game away! I was just idly speculating about green shoots in the ICO jungle. However, my earlier brain fart is quite funny when described by yourself - 'self replicating carbon recapture device' - have you patented that or is it just a trademark that is protected by copyright law for 70 years? Other words - 'windfall'. 'Guaranteed windfall every autumn!' 'Growth'. Really all the metaphors for business things work humorously - 'short selling'...
- atomical 9y agoFunFair, led by Jez San.
- sincerely 9y agoYcombinator has invested in a few, including Request Network: https://request.network https://request.network
- gowld 9y agoYC is invested in Coinbase, so "YC has invested" doesn't signal quality.
- haasted 9y agoI believe the one for https://cosmos.network/ https://cosmos.network/ was legitimate, and that they’re on the verge of launching the platform they promised. Pretty interesting, actually.
- atentaten 9y agoThere are a number of legitimate ICOs, unfortunately there are many more scammy ones. Quantstamp is an example of a legitimate one out of Y Combinator.
- tptacek 9y agoQuantstamp appears to be based on a "proof of caring" scheme where basically you get paid in their currency to promote them on sites like Reddit. What about that screams "legitimate" to you?
- Kadin 9y agoWell, PonziCoin did what it said on the tin.
- twidlit 9y agoSimple Token, led by Fab.com / Social Median's Jason Goldberg. CTO + team is Germany's most experienced blockchain developers. They are making a Stripe for tokenization.