Topic: 5 Simple Steps To Pick A Good ICO (For Newbies) - page 2. (Read 208 times)
Thanks for right info. One more. The product should decide actual problem, better - global.
I agree with you when we talk about long term investments, I also add that another sign of quality ICO is the well defined target. I read way too many wallpaper which claim "we are for everyone". DAMN, no! You are not for everyone, you have a market segment to aim, and you should aim to a very specific target as well.
ICOs which define their target are a step above the others in my humble opinion
About short term, I watch completely different factors, in primis the hype.
I saw projects that are, in my opinion, completely meaningless, with little to no reason to use the blockchain, but with a huge marketing and communication department, which led to millions of fund raised. These project usually have super fancy websites and WP. I use to join these ICO just to sell at the market opening, when the price reach abnormally high values for a short period of time, before going down.
I hope you'll find my post useful
ICOs which define their target are a step above the others in my humble opinion
About short term, I watch completely different factors, in primis the hype.
I saw projects that are, in my opinion, completely meaningless, with little to no reason to use the blockchain, but with a huge marketing and communication department, which led to millions of fund raised. These project usually have super fancy websites and WP. I use to join these ICO just to sell at the market opening, when the price reach abnormally high values for a short period of time, before going down.
I hope you'll find my post useful
So thought i could be of help to the newbies on how to pick a good ICO.
The reason is that I have often encounter beginners who have been scammed by ICO or have made mistakes and invested into the wrong ICO. My opinion is that if they know how to pick a good ICO to invest in, they would be less prone to losing their money in this game.
ENJOY!
5 Simple Steps;
1. A Real Business Case : A real business case and demand is key to any business and even more so for ICO. The ICO must have a product that leverages the blockchain and not just using the ICO to grab cash.
2. Small Hard Cap: A lot of ICO have ambitious hardcap in the hundreds of millions. Unless they have a one of a kind product else stick to ICO with a maximum of $40 million in hardcap. The subsequent growth in marketcap will give us better returns.
3. Great Team Members: Look for a ICO with project members who have previous ICO successes or they have held important positions in the relevant industries. Too many ICO are just being launched by people who are trying to break in industries they have no network in.
4. Super Advisors : Advisors are gold. If an ICO lists a bunch of average developers and legal people as their advisors, RUN. They must have advisors who are well known in the blockchain world or in the industries their business is trying to disrupt.
5. Amazing Marketing : Marketing is key. ICO must invest in marketing and be able to attract lots of interest for a sell out ICO. You can see this if they have lots of members in their social media especially in their telegram group. Aim for at least 500 members
DUE DILIGENCE : While the above 5 steps will be able to shortlist for you ICO with high chances of success, you must still do your own due diligence to understand their whitepaper and know what you are getting into. Your ICO investing results will depend on how much work you put in.
I hope i was able to be of help. If you think i was, please share a little merit on this post. Thanks in advance
Good ICO is immeasurable because we can say if an ICO is good if it is successful!The reason is that I have often encounter beginners who have been scammed by ICO or have made mistakes and invested into the wrong ICO. My opinion is that if they know how to pick a good ICO to invest in, they would be less prone to losing their money in this game.
ENJOY!
5 Simple Steps;
1. A Real Business Case : A real business case and demand is key to any business and even more so for ICO. The ICO must have a product that leverages the blockchain and not just using the ICO to grab cash.
2. Small Hard Cap: A lot of ICO have ambitious hardcap in the hundreds of millions. Unless they have a one of a kind product else stick to ICO with a maximum of $40 million in hardcap. The subsequent growth in marketcap will give us better returns.
3. Great Team Members: Look for a ICO with project members who have previous ICO successes or they have held important positions in the relevant industries. Too many ICO are just being launched by people who are trying to break in industries they have no network in.
4. Super Advisors : Advisors are gold. If an ICO lists a bunch of average developers and legal people as their advisors, RUN. They must have advisors who are well known in the blockchain world or in the industries their business is trying to disrupt.
5. Amazing Marketing : Marketing is key. ICO must invest in marketing and be able to attract lots of interest for a sell out ICO. You can see this if they have lots of members in their social media especially in their telegram group. Aim for at least 500 members
DUE DILIGENCE : While the above 5 steps will be able to shortlist for you ICO with high chances of success, you must still do your own due diligence to understand their whitepaper and know what you are getting into. Your ICO investing results will depend on how much work you put in.
I hope i was able to be of help. If you think i was, please share a little merit on this post. Thanks in advance
Your tips is good to newbies, it may also be the factors why a certain ICO succeed. However, we cannot depend always in these factors but we also think that investors really plays a vital role for the succession of an ICO. Wether it has super team and good developer if the project is not popular, they cannot attract investors.
Well this could bee a nice guide and following it can give you a head start, but all in all there is really nothing that can assure you that a project can be a success. I have been studying a lot about ICOs in order that I might luckily land in some successful ones, but with all precautions I still got some failures.
You also need to pay attention to the possibility of implementing the project. Promises of guaranteed earnings can be immediately considered false, since it is impossible to accurately predict anything in the market for crypto currency.
In my opinion, it is better to make your own research and trust your guts.
The most of the privacy coins are undervalued right now.
The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.
I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.
They are on Pre-ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058
The most of the privacy coins are undervalued right now.
The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.
I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.
They are on Pre-ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058
sorta in line with what you think, but i prefer to group them into the following ratings cluster. Note to newbies: also always be careful to follow instructions clearly, including whether they accept btc or just eth, and not to send eth/btc from an exchange etc.
Hype:
twitter users
reddit posts
telegram members
discord members
responsiveness/truthfulness of moderators in these channels
Fundamentals:
Availability of MVP
Team strength (number of experts in the field; linkedin profiles)
Whitepaper originality/technicality/clarity
Independent reviews
Partnerships with corporates/academia
Use-case strength
Clarity of roadmap
Others:
Existing Competition (other coins in the same space? how established are they)
Regulation Risk (does it have security characteristics?)
Hardcap (is it asking for too much money for its use case?)
Share of tokens distributed (are the founders/team keeping too much for themselves, escrow?)
Hype:
twitter users
reddit posts
telegram members
discord members
responsiveness/truthfulness of moderators in these channels
Fundamentals:
Availability of MVP
Team strength (number of experts in the field; linkedin profiles)
Whitepaper originality/technicality/clarity
Independent reviews
Partnerships with corporates/academia
Use-case strength
Clarity of roadmap
Others:
Existing Competition (other coins in the same space? how established are they)
Regulation Risk (does it have security characteristics?)
Hardcap (is it asking for too much money for its use case?)
Share of tokens distributed (are the founders/team keeping too much for themselves, escrow?)
Perhaps you have overlooked one of the most critical factors: whether the code is open source.
The speed of open source code and code updates determines whether the ICO project will succeed.
The speed of open source code and code updates determines whether the ICO project will succeed.
I agree with most of your ideas to pick a good ICO but small hardcap is no way to a measure of a good ICO. I'd rather look for a legally registered company so that they may be brought to lawsuit in worst case scenario.
So thought i could be of help to the newbies on how to pick a good ICO.
The reason is that I have often encounter beginners who have been scammed by ICO or have made mistakes and invested into the wrong ICO. My opinion is that if they know how to pick a good ICO to invest in, they would be less prone to losing their money in this game.
ENJOY!
5 Simple Steps;
1. A Real Business Case : A real business case and demand is key to any business and even more so for ICO. The ICO must have a product that leverages the blockchain and not just using the ICO to grab cash.
2. Small Hard Cap: A lot of ICO have ambitious hardcap in the hundreds of millions. Unless they have a one of a kind product else stick to ICO with a maximum of $40 million in hardcap. The subsequent growth in marketcap will give us better returns.
3. Great Team Members: Look for a ICO with project members who have previous ICO successes or they have held important positions in the relevant industries. Too many ICO are just being launched by people who are trying to break in industries they have no network in.
4. Super Advisors : Advisors are gold. If an ICO lists a bunch of average developers and legal people as their advisors, RUN. They must have advisors who are well known in the blockchain world or in the industries their business is trying to disrupt.
5. Amazing Marketing : Marketing is key. ICO must invest in marketing and be able to attract lots of interest for a sell out ICO. You can see this if they have lots of members in their social media especially in their telegram group. Aim for at least 500 members
DUE DILIGENCE : While the above 5 steps will be able to shortlist for you ICO with high chances of success, you must still do your own due diligence to understand their whitepaper and know what you are getting into. Your ICO investing results will depend on how much work you put in.
I hope i was able to be of help. If you think i was, please share a little merit on this post. Thanks in advance
The reason is that I have often encounter beginners who have been scammed by ICO or have made mistakes and invested into the wrong ICO. My opinion is that if they know how to pick a good ICO to invest in, they would be less prone to losing their money in this game.
ENJOY!
5 Simple Steps;
1. A Real Business Case : A real business case and demand is key to any business and even more so for ICO. The ICO must have a product that leverages the blockchain and not just using the ICO to grab cash.
2. Small Hard Cap: A lot of ICO have ambitious hardcap in the hundreds of millions. Unless they have a one of a kind product else stick to ICO with a maximum of $40 million in hardcap. The subsequent growth in marketcap will give us better returns.
3. Great Team Members: Look for a ICO with project members who have previous ICO successes or they have held important positions in the relevant industries. Too many ICO are just being launched by people who are trying to break in industries they have no network in.
4. Super Advisors : Advisors are gold. If an ICO lists a bunch of average developers and legal people as their advisors, RUN. They must have advisors who are well known in the blockchain world or in the industries their business is trying to disrupt.
5. Amazing Marketing : Marketing is key. ICO must invest in marketing and be able to attract lots of interest for a sell out ICO. You can see this if they have lots of members in their social media especially in their telegram group. Aim for at least 500 members
DUE DILIGENCE : While the above 5 steps will be able to shortlist for you ICO with high chances of success, you must still do your own due diligence to understand their whitepaper and know what you are getting into. Your ICO investing results will depend on how much work you put in.
I hope i was able to be of help. If you think i was, please share a little merit on this post. Thanks in advance
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