ICO Expert Filip Poutintsev from ICO Advisory Services will tell you why one should not trust ICO Bench.
”Lot my clients have used services of ICO Bench, and all of them very not satisfied with the treatment and the results. Therefore I don’t recommend anyone having any business with the ICO Bench.”
ICO Bench, one of the biggest ICO listing site has been caught with multiple abuse cases. Let’s start from smallest one.
1. Overpriced useless promotional packages
Most expensive promotion package on ICO Bench is “Premium Hit” that costs 35 BTC and last 45 days. If you count highest price per day, “Premium Deluxe” last only 7 days and costs 10 BTC.
So what do you get for such high price? Not much. I’ve heard from several ICOs that the money they paid to ICO Bench were practically wasted. Yes you get some traffic, but compared to the amount it’s the most expensive traffic in crypto world and the quality is just average.
2. “Free” ICO listing
While ICO Bench claim to offer ICO listing, that’s a total lie. Well technically they do offer free listing, but you’ll have to wait for months to get listed and by that time your ICO sale will be probably already over.
3. Unresponsive customer support
In best cases you get a reply after 1–2 weeks, but if ICO Bench did’t find your message to be interesting they will not reply at all. Writing on their social media also get no response. It seems even though they make huge amount of money only 1 person is handling customer support.
For example things like KYC procedure of ICO founders take huge amount of time, even if you paid for “premium listing”.
4. No one is checking ICO Expert application
Like with the customer support no one bothers to check Expert applications. People have been waiting for months with no results. I have been checking the list of Expert and in past few months and there hasn’t been any new faces on the list. It seems that no one is approving new Expert applications.
5. False ratings by ICO Bench
ICO Bench’s own ICO rating bot “Benchy” will give rating according to which promotional package you bought. The more you paid the better rating you will have and if you only paid cheapest fee for listing, you’re rating will be low no matter how good your ICO is.
6. False ratings by ICO Experts
While accepting payment for rating is forbidden according to the terms, almost every expert does that and ICOs are happy to pay for it.
7. No company, no contact information
There is no legal information about ICO Bench. No company info, no physical address and no names of people behind the project.
If you search ICO Bench on Linkedin, you may discover that it showns to be located in Russia, though where it is legally registered (or if has been registered at all) is unknown.
It sure seems that ICO Bench does everything to hide the information of it’s founders, probably because of the reasons mentioned above.
Do you know any other dirty secrets of ICO Bench? Please share them in comment section!
”Lot my clients have used services of ICO Bench, and all of them very not satisfied with the treatment and the results. Therefore I don’t recommend anyone having any business with the ICO Bench.”
ICO Bench, one of the biggest ICO listing site has been caught with multiple abuse cases. Let’s start from smallest one.
1. Overpriced useless promotional packages
Most expensive promotion package on ICO Bench is “Premium Hit” that costs 35 BTC and last 45 days. If you count highest price per day, “Premium Deluxe” last only 7 days and costs 10 BTC.
So what do you get for such high price? Not much. I’ve heard from several ICOs that the money they paid to ICO Bench were practically wasted. Yes you get some traffic, but compared to the amount it’s the most expensive traffic in crypto world and the quality is just average.
2. “Free” ICO listing
While ICO Bench claim to offer ICO listing, that’s a total lie. Well technically they do offer free listing, but you’ll have to wait for months to get listed and by that time your ICO sale will be probably already over.
3. Unresponsive customer support
In best cases you get a reply after 1–2 weeks, but if ICO Bench did’t find your message to be interesting they will not reply at all. Writing on their social media also get no response. It seems even though they make huge amount of money only 1 person is handling customer support.
For example things like KYC procedure of ICO founders take huge amount of time, even if you paid for “premium listing”.
4. No one is checking ICO Expert application
Like with the customer support no one bothers to check Expert applications. People have been waiting for months with no results. I have been checking the list of Expert and in past few months and there hasn’t been any new faces on the list. It seems that no one is approving new Expert applications.
5. False ratings by ICO Bench
ICO Bench’s own ICO rating bot “Benchy” will give rating according to which promotional package you bought. The more you paid the better rating you will have and if you only paid cheapest fee for listing, you’re rating will be low no matter how good your ICO is.
6. False ratings by ICO Experts
While accepting payment for rating is forbidden according to the terms, almost every expert does that and ICOs are happy to pay for it.
7. No company, no contact information
There is no legal information about ICO Bench. No company info, no physical address and no names of people behind the project.
If you search ICO Bench on Linkedin, you may discover that it showns to be located in Russia, though where it is legally registered (or if has been registered at all) is unknown.
It sure seems that ICO Bench does everything to hide the information of it’s founders, probably because of the reasons mentioned above.
Do you know any other dirty secrets of ICO Bench? Please share them in comment section!
