Topic: 20 questions to ask before taking part in an ICO (Read 277 times)
Wow very good list, of questions to ask, but my problem is that these ICOs are very fast before the release of the coin, so before you know it, you have parted ways with your money.
I think a lot of people are not willing to do their due diligence on these questions and just want someone to basically tell them what will be good and what will not. It seems to be a risky way to invest if the proper research is not done.
Thanks for posting this and listing out some good questions to ask. My followup is, how do you judge the responses to these questions? If an ico doesn't have an MVP for example, and no trials underway, is it an avoid at all costs type situation??
Thanks for posting this and listing out some good questions to ask. My followup is, how do you judge the responses to these questions? If an ico doesn't have an MVP for example, and no trials underway, is it an avoid at all costs type situation??
Good list and good read. It is very helpful, people need to ask more questions before parting with their money. Too many scams are being run right now.
DO NOT check the analytics, and put your answer firstly.
1. What is the legal status of the corporate entity behind the ICO?
2. Who are the lead individuals running the project and do they have verifiable publicly available profiles?
3. Is there a White Paper, including a breakdown of how the token sale is structured and the total number of tokens that will ultimately be in circulation?
4. Is there a breakdown of how the token will be distributed?
5. Is there a vesting schedule for the project's team?
6. Is the blockchain open and public and is the code published, for example on popular source code repository Github?
7. Does the project have a website, social media and other media assets?
8. How are funds held?
9. Is there a prototype, minimum viable product or trial underway?
10. What are the funds raised going to be used for?
11. When will the tokens be tradeable?
12. How will the tokens be distributed after the sale ends?
13. Does anyone else (the loudmouth at the bar doesn't count) think it's a good idea?
14. Does the project have partnerships or backing from VCs and/or established tech or other companies?
15. What competition does the project face in its chosen marketplace?
16. Are you up-to-date on the latest intelligence?
17. Are contact details available?
18. Where is the ICO company based?
19. Sounds too good to be true?
20. Have you read the US Securities and Exchange Commission Investor Bulletin?
http://www.iii.co.uk/articles/439185/20-questions-ask-taking-part-ico
1. What is the legal status of the corporate entity behind the ICO?
2. Who are the lead individuals running the project and do they have verifiable publicly available profiles?
3. Is there a White Paper, including a breakdown of how the token sale is structured and the total number of tokens that will ultimately be in circulation?
4. Is there a breakdown of how the token will be distributed?
5. Is there a vesting schedule for the project's team?
6. Is the blockchain open and public and is the code published, for example on popular source code repository Github?
7. Does the project have a website, social media and other media assets?
8. How are funds held?
9. Is there a prototype, minimum viable product or trial underway?
10. What are the funds raised going to be used for?
11. When will the tokens be tradeable?
12. How will the tokens be distributed after the sale ends?
13. Does anyone else (the loudmouth at the bar doesn't count) think it's a good idea?
14. Does the project have partnerships or backing from VCs and/or established tech or other companies?
15. What competition does the project face in its chosen marketplace?
16. Are you up-to-date on the latest intelligence?
17. Are contact details available?
18. Where is the ICO company based?
19. Sounds too good to be true?
20. Have you read the US Securities and Exchange Commission Investor Bulletin?
http://www.iii.co.uk/articles/439185/20-questions-ask-taking-part-ico
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