ICObench: Fall Guy for the ICO Support Service Industry?

On April 24, 2018, we posted an article entitled ICObench Warmer. In that article, we showed how experts at ICO rating site ICObench inflated the ratings of projects they were advising. Since then, several more articles have appeared denouncing what we lovingly refer to as the ICObench "Top-Rated Expert Cabal."

Just like this. Minus (all) the guns. And the awesome hair. Wait a minute…  🤔 This is stupid. Whoever picked this image is so fired. 😤

We are happy to see founders as well as members of the ICO support service industry speaking out against corruption. And ICObench deserve much of the blame.

But not all of it. Not even close.

For us, ICObench was the most obvious example of corruption in the industry and a great way to start the conversation. But it is equally important that ICObench doesn’t simply become the "fall guy" for the real problem...

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ICOmageddon Cometh?

On May 14, 2018, the obscure and rarely used1 search engine known as “Bing” decided to ban all cryptocurrency advertising, thereby joining the ranks of Facebook, Google, and Twitter, which had each made similar announcements earlier in the year. Although this latest ban applies to all cryptocurrency advertising, the greatest impact will mostly likely be felt by “Initial Coin Offerings,” or “ICOs,” which up until the ban had been the most competitive cryptocurrency-related ad buyers.

Once Bing’s ban is fully implemented, 71.4% of all online advertising “real estate” will be off limits to ICOs.2 Coupled with increasing regulatory scrutiny these past few months, are we finally witnessing the “beginning of the end” for ICOs? Does “ICOmageddon” in fact cometh?

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Launching a Crypto Scam? Here’s What NOT to Do

We’ve researched quite a few ICO-related scams and discovered that the #1 reason scam ICOs fail is as follows:

Somebody realized it was a scam before the founders made off with the loot

So in an effort to help you up your flimflammery game, the ass clowns 🍑🤡 at Tokenicide have created this guide on what NOT to do when launching a scam ICO.

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