Initial Coin Offering - ICO
Many people don't such back support to be the part of cryptocurrency game as others, so they always look forward to ICO for upcoming currency projects. Why, because they love to spend small amount to get as much as they can. But matter of fact is that this has become another fishy game and nobody knows from any authorities that which one is powered up, trustworthy and for long run.
Is every currency coming in ICO is scam or with a promising start!
It's a big question for all of us. Today I am going to highlight few of the facts that I have been witnessed and would like to share with everything from my personal field. I am a full stack developer of Web and Mobile with 17+ years of experience. I know where projects are getting posted for freelancers or agencies to hire to get done.
Almost every project throws great offers in market before it's launch but big question is that how do we confirm that they are good, fair, trustworthy to do investment with? Yes there are some of the actual things that we must understand from the facts that what is their whitepaper, road map, team they announced and must check their personal profiles on Linkedin, Facebook, Google+, Twitter, and then company they registered from, last but not least the project base, idea and strength they are based on.
Without going into such details to confirm, literally majority of people only see what is return, expecting very high return on small investment, or totally free, if anyone is offering referral or some other kind of bounty campaign. This is bitter truth that we personally don't bother to check into such details to verify but to look into our devilishly allured dreams only.
Let's come to the point
From few days ago, I have been noticing that many of the employers are posting projects on some of the forums saying:
"I need a website developed with whitepapers, creative design, mobiles and tablets responsive, road map plan and you must have cryptocurrency, blockchain concepts, etc..!".
This approach is getting increased day by day. I was quite astonished by thinking from my experience that if someone who wants to launch a cryptocurrency project's website then;
How is it possible that he/she doesn't have any project plan
How is it possible that he did not prepare anything for his/her whitepapers
**It is truly impossible that he/she does not have any team but to place a project online to hire a freelancer or agency to get designed a website only?
These are just basics questions and there are many other technical things to think about.
Here are the proof from today's posted projects on Upwork, an freelancing platform to get developed your web or mobile applications.
This below one is a posted project screenshot from my account, when I was in discussion with my own clients on web application.
What you can see, is clearly indicating that person an individual and from Philippine. You can see his set fixed price to get done website is $2500 USD. Can't we say that let's get developed a website in $2500 and raise more than that and then gone. isn't that so easy?
Now below screen will blow your mind from more details of this above posted project.
This is detail page of above posted project and you can read 5 asked questions by this Philippine person. That are you already experience in such work so that you can think a way, what we are looking for? Then 4th question is mind blowing, do you own any cryptocurrency. What is this, by the way? Seriously, if I am planning a project and managing things for my currency, would I be looking for such people who owns currency and ask them to develop mine? Isn't that so crazy?
Here is the second posted project screenshot:
This person is individual and from Greece. This person wants to get done everything within $1000 USD, you see!
I will be sharing more stuff from real world, that what is happening.
Stay Tuned and always be happy :)