The Wild West of Crypto Investment
Crypto — blockchain — ICOs — hype — lambo — risk — scams. Welcome to the decentralized Wild West, where huge opportunity is matched with volatility and high uncertainty.
Here’s a crazy example:
The scene was most recently rocked by one of the biggest recorded scams in its young and dramatic history, which saw Vietnamese Pincoin and iFan swindle a total of $660 mln from 32,000 investors. And while this stunt is one of the biggest, it joins a big portfolio of fraudulent ICOs that have scammed billions of contributors out of trillions of their dollars.
It doesn’t take much to create the bare minimum level of assets needed to launch an ICO.
A set of faces and titles on your team and advisor board, a ‘thick enough’ whitepaper and most importantly, the promise of HUGE returns FAST is enough to turn the heads of laymen investors. Now, serious investors in the crypto community are starting to sharpen up towards the telltale signs of a credible project and the red flags of fraud.
VIDDO: The decentralized video platform that walks the talk
VIDDO’s founders predicted the pitfalls and recklessness of an emerging technology like blockchain years ago. They knew that the best way to actually create a product for the long-term and do right by the VIDDO community was to put their money where their mouth is.
Here’s what that looks like:
Over the last 3 years, VIDDO’s founders completely self-financed the USD 1M full-scale development of the VIDDO platform set to launch in Q4 2018.
Not that we expect you to wait that long to see the platform that we’ve been working on for so long! In fact, nothing would make us happier than if you dropped everything you were doing to DEMO VIDDO right now!
- -
Telltale signs of a legitimate ICO
You would be surprised about how obvious scam ICOs can be with just a tiny bit of due diligence.
Do the team + advisors really exist?
A of all — check to make sure that there is a solid team and board of advisors available to the public. Team photos featuring irrelevant actors or actresses, broken links to LinkedIn profiles or advisor endorsements by Vladimir Putin (sadly all true stories!) are bad news bears.
As far as we’re concerned, our team can’t get enough attention from you guys — so make sure to show them some love and scrutiny right here.
Is the whitepaper original, comprehensive (and grammatically correct)?
Beyond that, taking more than a cursory glance at an ICO’s whitepaper and putting in the time and effort to read and verify it is good way to determine credibility. Poorly written, factually incorrect or downright plagiarized whitepapers should see you running in the other direction fast.
To be honest, we’re pretty fond of our whitepaper, and have put in no small effort to research, assemble, and perfect it into a neat package for our awesome community. You’ll find it chock-a-block full of market assessments, detailed roadmaps, strategy breakdowns and a comprehensive explanation of our tech stack and more.
Is there anything tangible that the team has put on the table?
A strong digital presence, general responsiveness and legitimate blockchain implementation are also up there on the list of ICO must-haves. But out of all the signs of a good catch, nothing beats a working product — so we can’t stress enough to go work our product right now!
VIDDO is READY, and our upcoming ICO will help us scale globally, fast. We’re not out here to convince you to trust a project that will be launched in a mysterious ‘12–18 months.’
If you want to have a good time and kill two birds with one stone, demo VIDDO and talk to us about it — online or in real life! You can write to us on any of our social channels, reach us at support@viddo.io, or seriously drop by our office at 1118 Budapest, Muskotály street 11. Aside from the fact that it’s a pretty nice office, we have a lot of fun, and we are serious about hosting.
The best part?:
We’ll treat you to a coffee and give you a live walk-through of VIDDO — promise that you’ll fall in love.
And here’s why we love VIDDO
It’s kind of weird how refreshing it is as a team to create and market a real product that solves tough problems, not just a loose collection of ideas and a sprinkle of snake oil.
Over the last 3 years we’ve quietly been working incredibly hard to bring the VIDDO dream to life in an office in Budapest, all the while dreaming about its potential to revolutionize online video and bring profit potential to all video stakeholders.
We were so excited for the moment when the world would finally find out about it. Now, we couldn’t be more proud to present the first glimpses of VIDDO to our community!
So what are you waiting for?? Go on and give VIDDO a spin! And don’t forget to send us your thoughts and feedback!
