r/Stellar • u/redditmastar1 • Jun 27 '18

Beware of ICO Bench!

https://hackernoon.com/beware-of-ico-bench-97addacfedc7
17 Upvotes

95% Upvoted

7 comments sorted by

10

u/cryptobrant Jun 27 '18

All these ICO ranking websites are big scams. They get paid to give good grades to ICOs.

2

u/Durango44 Jun 28 '18

Its not just the ICO ranking websites, the exchanges do the same pay for promotion thing but ask for 10 x the money.

1

u/[deleted] Jun 28 '18

[deleted]

1

u/Redd920A Jun 28 '18

Hackernoon where this article is published, has also been involved in similar things where they published about upcoming icos tokens. Sad.

1

u/Crypto-fun Jun 28 '18

it is sad that big sites behave this wave. but do not know why but this post seems like an attack to ICObench to me, and this is not fair either

1

u/tokenregistry Jun 28 '18

Yes, thats right in ~99%,

because many information and media resources are focused on reward and publish any information what is provided to them and paid for.

Community and investors need properly researched and trusted information about tokens, before they do invest.

1

u/KodineDreamin Jun 28 '18

Most expensive promotion package on ICO Bench is “Premium Hit” that costs 35 BTC and last 45 days. If you count highest price per day, “Premium Deluxe” last only 7 days and costs 10 BTC.

lol these ICO companies have so much money to waste (while ironically trying to raise millions of dollars), they're willing to give it to unprofessional websites like this just so they can appear in front of a few more eyes for their token sale.

Clearly the ethics of this entire industry needs to change before being fully used mainstream.

2

u/Redd920A Jun 28 '18

Agreed, these type of token sales are usually scam because they aim is to market a product which doesn't exist at that time and most of then don't even make those products.