Hello Steemians,
In this weekly series I look at ICOs that are starting from 12th of September to 18th of September.
All of the information I gathered myself from the websites/whitepapers/forums. I do not guarantee it's correct.
Please note: I am not associated with any of these projects and all of those are my personal opinions. I don't do sponsored content.
This video is looking at the following projects (with score)
7.5/10 - bitJob (STU) - https://bitjob.io/
7/10 - Anryze (RYZ) - https://tokensale.anryze.com/
6.5/10 - Matryx (MTX) - https://matryx.ai/
6/10 - Datum (DAT) - https://datum.org
4/10 - electroneum (ETN) - http://electroneum.com/
Video:
Other videos in the series:
https://www.youtube.com/playlist?list=PLzn3-PXVOkqKXhFu1nxYyFnLrzOhoPIdV
Hi @dmae, just a question related to your video review. As you have a wide knowledge in ICOs area.
Let's take the best scorer bitJob. Student employment is not a "money industry". But every online based project needs to have an income source. Do they have any reliable plan on how to have any positive ROI in this industry? To make a global marketplace they will need to work with a huge amount of localization related stuff/staff. They will need to market themselves inside the industry with a huge number of competitors (big ones and small ones). It seems to me they do not have any real business-wise advantages. It's just block-chain based, so what?
So my question is - what is your personal opinion on how many % of recent ICOs really have any potential to survive and make any considerable ROI (otherwise why do investors need those ICOs)?
I am asking because I am really struggling to find any ICO I can put my money in during past weeks.
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Very good question. First of all I would expect around 80% of current ICOs to fail - high number but we have to be realistic. A lot of these projects are very ambitious and directly competing with existing products that have been around for years. For example bitJob - if you Google 'student employment website' you will see hundreds of pages. bitJob will have to compete with all of those and might potentially fail.
Does that mean it will be a bad investments now? Not at all - crypto market is growing quickly and bitJob tokens will probably increase in value when the project is being developed and there are often early signs that the project is failing when it is indeed failing like less communication from team, less updates, no significant development. There will also be time to get out of the investment before the price competely goes down. Keep in mind I'm taking about long term investment here.
I actually think most of the ICO investors are looking to make short terms gains aka dump coins on exchanges and ICOs are great for that :) This is what I mostly concentrate in my reviews.
There are few ICO projects that I think do have potential to survive and become the giants in the respective industries. From the recent ones OMG and TenX for example. There are few future ones too. I think Kin could get blockchain mainstream. Then there are specialised projects that could dominate specific sector: Cindicator could become the go to app for investors, Red Pulse for market research, Modum for logistics, Viberate for live music.
Blockchain is better than traditional approach so I think many early blockchain products will get a headstart and catapult to compete with the traditional giants.
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Hi @dmae Thank you so much for such a brilliant reply. It helped me to understand the situation better. My problem was that most of my thoughts were based mostly on the idea to buy ICO tokens and hold in long run.
But, or course, even those 80% of fails seem to be for good. Day traders will be able to get their profit out of market speculation, industry will gain the experience to create more advanced projects and technologies in future! Well, people who lost money on trading will get their experience too :)
You are doing a great work with your reviews, keep it up!
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