Now a days most of the ICO’s are scams. It’s more than 80 % and it’s tough to believe an ICO and invest into them. Thanks for yors tips that will help us to find a right ICO to select for investment.
Topic: 5 thing you have to check before Investing in ICO company. - page 2. (Read 1594 times)
Before diving in into investment, the most essential thing to do is following the team members of a particular project on every social sites cause a good team is the key to success of any project.
Right you are! It is very important to be acknowledged about the pros and corns of the whitepappers of any ico project. This is definitely not wise to fall for tempting advertisement instead of understanding the entire project
Thanks mate for such a helpful post! As a newbie i always get confused while exploring ico projects. The thought of being a victim of scam just haunts me as hell
The main two things are their white paper and team members. White paper shows actually what they want to do and their vision. And the whole project depends on the team member. So these should be checked properly.
I like the points you mentioned before choosing a ICO project. You explained the main issues clearly and you are right. Really a great post it is and very informative for the newbies.
The most important thing is to check the white paper because it gives the main information and their prospect about the projects. But nowadays majority of ICOs do not clearly mention anything on it that’s why people are losing faith.
Corruption is everywhere and new ways of cheating come day by day. That doesn’t mean to be afraid and do nothing. Also, this is true anyone should do some research before investing. Thank you for sharing information with us. Hope it will be helpful for everyone.
Checking the white paper thoroughly is very important thing. There are some investors who does not check it properly that's why they may take some wrong decisions about investing plans.
Few points you mentioned are just vague. Just reading the whitepaper won't help. They can just blabber what ever they want on their white paper. The main thing we need to figure out is that if they can deliver what they promised. Most project fails to give us even a working demo platform, let alone completing a full project. Secondly, you trust their social media at all. Fake traffics and interactions can be made easily by just spending few bucks.
True,it wont really be that enough for you to rely on when you just say read on whitepaper because I have seen countless WP which turns out to be fraud believing that it is a good and legit one.Hardest part is on choosing because of these kind of scenario where you would really be confused on differentiating and whom to believe and this is the time you would justify with other possible
criterias.
I think the most important point is white paper. Very often scammers have very vague information in it. I also pay attention to the project partners.
Team, adviser, idea, product, interest from famous investors. something like this i guess, i use it
Yeah i do the same things before judging an ICO. But i think we should check expert reviews also. It makes the judgement making quite easier as the project is already examined.
Before I start, the best tip I have for you regarding ICO's is that every ICO is a scam until you prove you're self differently, only when you 100% sure you can start thinking of investing, and there is a lot of great projects out there.
1- READ THE WHITE PAPER! you have to understand what this project all about, read it all and read it under consideration
2- Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign
3- The company tech team. The tech team should be with experience and knowledge relevant to the project, remember the engineers are what motor the idea, without a good tech team even the most amazing idea will collapse, example :
4- PR team- PR is one of the most important parameters when you look at ICO team, even if the idea is great without the right audience to acknowledge it and exposure it won't be able to make it, for more regarding this subject ICO Marketing Guide
5- Compare the ICO to competitors-A thorough analysis of existing competitors to gauge if there are similar products or solutions in the current market. If so, identify the salient features of this project that are likely to beat out the competition that exists.
1- READ THE WHITE PAPER! you have to understand what this project all about, read it all and read it under consideration
2- Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign
3- The company tech team. The tech team should be with experience and knowledge relevant to the project, remember the engineers are what motor the idea, without a good tech team even the most amazing idea will collapse, example :
4- PR team- PR is one of the most important parameters when you look at ICO team, even if the idea is great without the right audience to acknowledge it and exposure it won't be able to make it, for more regarding this subject ICO Marketing Guide
5- Compare the ICO to competitors-A thorough analysis of existing competitors to gauge if there are similar products or solutions in the current market. If so, identify the salient features of this project that are likely to beat out the competition that exists.
I would also add the rating of the various ico sites and give it a weight equal to 1. Then I would also see the type of campaign bounty (marketing) they are doing with a weight of 2 and how they manage the community with weight=3
Yes! these are so need to invest in ico market. except all know about their partners team and who are working them. Another important points is to know details about their past record. Have a good invest.
You have pointed out some good points. I think It will going to help the newbies. I have seen many who just care about the white paper. Which is a wrong way of doing research.
You left out one of the most important things that you need to check out to identify if the ico is a scam, you need to check the pictures that are posted in the ANN thread and look for any signs that the pictures are false or manipulated or that the people behind the pictures are not who they say they are, if you find any discrepancy then you need to avoid that ico.
The faulty ICOs team is the most ridiculous thing to observe. if the ICO is not solid and reliable then it’s team member’s designation and other details will be fake which must be checked properly
The greater part of the ICOs really settles on their administrations. They additionally offer a scope of clients to the proprietors. They can purchase anything from 1k to 30k clients for their wire gathering. So I truly can't consider this specific factor as an indication of a decent ICO on the grounds that we don't know whether the individuals and the exercises are being subsidized by the ICO proprietors.
Knowing those things you pointed would surely help one in knowing which ICO to invest in. The team means slot to any success the ICO intends to record. These days there are more scams than real ICOs, hence, the need to do all these background check on any coin worth investing in. After knowing all these and carrying out research on them, no one should cry foul again, or it should reduce. Follow these guidelines listed and explained, then, your investment is safe. Do not just allow greed to creep in OR cloud your sense of judgement after your analysis.
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