Terrible Token Tuesday – These 10 ICOs will make it they swear. Woah! That’s livin on a prayer

Same as always, the Concourse Open Community is on the look for the most terrible projects on ConcourseQ and we are terribly excited to share them with you on Terrible Token Tuesday.

The Concourse Open Community is also #buidling several interesting (non-terrible, we hope) projects in the space. Check out our Discord for more on our very active community.

The most terrible projects for this TTT are:

ADAB Solutions – https://concourseq.io/q/ADAB_Solutions Adab seeks to build an Islamic, Sharia-compliant exchange. Problem is, most Islamic scholars would tell you that speculative-asset trading is inconsistent with the teaching of the Sharia. And we doubt that Adab’s awful, non-working “MVP” and empty GitHub repos will do much to convince those scholars otherwise.

Aeternum – https://concourseq.io/Q/Aeternum Aeternum is trying to do too much. We’re not sure how the same team could be tackling an exchange, a finance app, a fund, and, to top it all off – a smart city(!). Given the team’s iffy competence + lack of full-time commitment, we’d be shocked if they succeeded at any one of these endeavors. Also, they’re calling their token “BitLats.”

Cyber Capital Invest – https://concourseq.io/Q/Cyber_Capital_Invest Cyber Capital Invest strikes us as a bunch of amateurs trying to convince *even* less-experienced investors of their crypto-trading prowess. Everything about this project reeks of amateurism – the website, the available documents, and especially the executive team, which, judging from its experience, would be lucky to break even at a swap meet!

Smart League – https://concourseq.io/Q/Smart_League Smart League’s token price nearly doubles from presale to ICO. Still a great buy if the token’s projected 20x increase happens. But come on – this is a team with no real blockchain talent, no MVP, and no public code development. And their reliance on Google translate to get the whitepaper from Portuguese to English doesn’t inspire confidence. Não, obrigado!

Desico – https://concourseq.io/Q/DESICO Desico is trying to raise funds before securing the licence that (even Desico admits) is required to conduct ICO financing in the EU. It’s not clear what the team’s plan is should they fail to get that. Add to that risk a seemingly inexperienced, part-time team, and it’s easy to conclude that this project is a no-go.

Announcement: 🦖 Settle Virtual Hackathon(s) news 🦖

Two things—

  1. SVH1The winners are in! Congrats to the 1st, 2nd, and 3rd place winners—
  • First. Nathaniel and Notoshi of Team SettleCDP, who built an interface allowing users easily to create, manage, and visualize MakerDAO CDPs. Their app reduces the gas costs and complexity of CDP creation and management, potentially expanding the use of MakerDAO among less technical users;
  • Second. Simon of Team Whaling, who built an ERC20 token tracker app on Settle that lets users monitor the activity of addresses holding large amounts of popular ERC20 tokens; and
  • Third. Harsh of Team awesomer, who built an app for comparing prices among cryptoassets and fiat currencies. While straightforward in concept, this entry’s user-first functionality is just what we're looking for in a Settle app.
  1. SVH2 – Signups are open! SVH2 runs from Nov. 26-Dec. 10, but wait to sign up? Go here – https://settle.finance/hackathon. More info—

Parkres – https://concourseq.io/Q/Parkres Parkres is introducing a brand new “utility” token to pay for your parking spot. But even Parkres seems to admit the token’s lack of true utility – the platform will accept other crypto and even PayPal. Not sure why anyone would risk price volatility and getting left bagholding (there’s a 70% presale discount) instead of just using fiat for parking. Even worse, the project’s roadmap doesn’t fully materialise until 2025.

Welleth – https://concourseq.io/Q/Welleth Welleth looks like an off-the-shelf scam, fake team and all. When confronted, they did expel one fake team member, claiming he used false info to reduce the security risk that’d come from the project’s popularity. We predict that won’t be a concern for the remaining scammers, especially if their anemic Twitter following is any indication.

Aivon – https://concourseq.io/Q/Aivon "AIVON is a decentralized blockchain platform and protocol built on an Artificial Intelligence (AI) network and a community of human experts working together to generate normalized and enhanced metadata for video content." Get it? We don't either. Looks like even the AIVON team isn’t impressed with all those buzzwords; hardly any team members are willing publicly to mention their association with the project.

ArtPro – https://concourseq.io/Q/ArtPro Most of ArtPro’s team members are part-timers (even the founder), and at least 3 are CEOs of other ventures. This could be an all-star team if only those other ventures weren’t all failures (or sure to become failures). With no GitHub activity and only one engineer, it’s safe to expect that ArtPro will follow suit.

Expercoin – https://concourseq.io/Q/Expercoin The trend of needlessly trying to shove blockchain into existing products and services continues. Expercoin = Experfy + blockchain buzzwords + useless token. Five-plus years post-launch, Experfy still struggles for adoption, despite its $1.5 MM in seed funding. We doubt that changing “-fy” to “-coin” will do much to help.

The ConcourseQ team would like to thank everybody who helped on these DDs and all the others!

If you want to join our community, meet us on our Discord: https://discord.gg/22E3YvP