Risky HOT ICOs August 2018

by ZebraCrossing
Several ICOs that are rated high/very high by several youtubers/reviewers are seem very risky. Here are the few that I found investors should be careful when you plan to participate in their ICO.

Origo Network

Origio Network[1] is rated very high and hot by many reviewers and youtubers/influencers. It is actually a good project with solid development. However, for crowdsale allocation which is very small allocation, you will have to to do what it called "proof of love". A lot of investors feel very negative about doing work for free just to get a tiny allocation in crowdsale make them very unhappy. The fact that why private/seed investors do not need to do any proof of care/shill/love and yet these private investors get the very large allocation and bonus/discount as compared to retail investors make them very angry!

The result is very bad. On 28 July 2018 huge spam happened within the Origo Official Telegram group. A lot of porn pictures (really scary pictures!) are modified to add in the Origo Logo and wording, and very bad porno never seen before (luckily I didn't join the channel yet) has pop up in Origo Official Telegram group, see Fig 1. This already tarnished the image of Origo and it also shows many retail investors and crypto community is angry against the Proof of Love free marketing. It may affect the future price of Origo, and the fact that 239 people (Fig 2) who didn't want to complete their KYC for Origo presale allocation is an indication that the demand and reputation of Origo is already badly damaged. So please be careful if you still want to invest in Origo.

Fig 1: Origo Network rebrand to Pornigo [source: Diddy Carter ANN]

Fig 2: Origo Announcement [source: Origo ANN]

ANKR Network

ANKR Network [2] is Distributed Cloud Computing on Trusted Hardware. Ankr provides a computation-resource-efficient blockchain and an integrated data feed system leveraging both cryptographic primitives and trusted hardware. It has gain very popular among the crypto community, and most youtubers and reviewers rated it high/very high. However, a recent information published by Ankr about private sales vesting makes it a risky investment. The private sales investors has 2 options - one with vesting 6 months with slightly more cheaper token $0.0044 per token, and the other option without vesting with slightly more expensive token, $0.0055 per token [3]. A majority of the private sales investors (60% of them, total around 110 investors) has chosen the no vesting option, even though the token is more expensive. It is obvious why these 60% of the private sales investors want the no vesting option albeit more expensive tokens, to flip and dump quickly when it hits the market!!

So for those who plan to participate in Ankr crowdsale, do understand that your price per token is more expensive than the private sale investors, and more importantly, 60% of these private sales investors has tokens that has no vesting at all (no locking). These 110 investors may dump quickly when the Ankr token listed in an exchange.

Fig 3: ANKR Token metrics [Source: Nick (Coinstelegram)]

DxChain

DxChain[4] is a hot China based project, recently getting a lot of attention from the public after many reviewers rated it high/very high. However, DxChain has high bonus and 55% private sales unlocked (Fig 4) has resulted ICO Analytics decreased the project score from 87% to 80%. Also according to Coinstelegram admin, the DxChain private sales bonus is very high at 150% (based on USD?) (Fig 5), so it is not a good investment for retail investors at crowdsale.

Fig 4: DxChain 55% private sales bonus tokens unlocked [Source: ICO Analytics ]

Fig 5: DxChain Private Sales Bonus [Source: Coinstelegram]

UPDATE: DxChain just cancelled Round 3 (QKC round), see picture below.

Funny video abt DxChain

Multivac

Multivac [5], another very popular ICO has just launched a Proof of Care for crowdsale allocation. It just launched a campaign such that the more active you are in their official telegram group, the more points you get, Fig 6. This is a ridiculous marketing campaign, encouraging community to spam their channel instead. This proof of spam will result negative publicity for Multivac as can be seen in many crypto community groups discussing negatively about Multivac. Avoid investing in Multivac unless you want to gamble. The fact that the team thought "proof of spam" will be good for their project is a clear indication of the team has no idea how to do proper and effective marketing. It might have good and solid development, but with such a idiotic mindset of marketing, what future do they hold?

Fig 6: Multivac Proof of Spam

Conclusion

Avoid investing in Origo, Ankr, DxChain and Multivac. Invest in other more promising projects instead. Yes, these highly rated projects "might" give a high ROI, but also might give negative ROI too, it is just too risky. There are so many incoming ICOs which are really good and also existing projects that are very undervalued, why you still want to invest in these risky ICOs?

Also avoid investing in Quarkchain (QKC), I will tell you why in my next article.

Reference

[1]https://origo.network/
[2]https://ankr.network/
[3] https://medium.com/ankr-network/where-we-were-where-we-are-where-were-going-721f1be06227
[4]http://www.dxchain.com/
[5]https://www.mtv.ac/