this is not good, we must to careful to choose ICO.
Topic: 5 thing you have to check before Investing in ICO company. (Read 1580 times)
i just don't know how a team of some ICO is people of sex toys
this is not good, we must to careful to choose ICO.
this is not good, we must to careful to choose ICO.
Its true that we should looking on developers team. Many developers team in website just a someone else photo and dont have related with the company. The real developers team will result a real project and real product.
Beside your thing, we also need to look at their presentation on social media and newspaper about blockchain and cryptocurrency. Strong project must has active social media channels and their team must be active in cryptocurrency space, for example one of their team is speaker of a crypto forum or summit. They joined some blockchain festivals, it's vital.
I think you are right. But you forgot about the roadmap. You can also add ratings to this list. But I think on social networks (including telegram should not be watched, since subscribers can now be easily purchased).
Yes that's what I am doing everytime I check any projects or ICOs before investing and joining.However, it is so sad to learn that many investors and bounty hunters neglect to do this so they are scammed when the ICO is over. They are irresponsible enough that makes them fall to scam projects.
In fact, this is just the basis for investing in ICO. Usually knowledge can help you, but it can also make you fail! Novices must learn cryptocurrency knowledge. But I don't recommend any non-professionals investing in ICO, which is similar to gambling.
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.
Thanks for the info dear, i also check these points before investing ICO. And also i check good ICO reviews reviews about that ICO.
For me this is the 5 things I considered in investing in an ICO. 1. The community of the projects to spread news and ideas about the projects, 2. Their member with their specific work that will be contribute to implement the project successfully. 3. Their coins (beta testing of the projects) 4. Web site - they should have a clearly wording on how people convinced that it's okay to invest. 5. Scope / Road map of the projects to know the steps by steps of the project.
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2- Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign
Do you know that Telegram users can be bought? Do you know there are groups who are being paid to maintain the activity of a telegram group? Majority of the ICOs actually opt for their services. They also offer a range of users to the owners. They can buy anything from 1k to 30k users for their telegram group. So I really can't consider this particular factor as a sign of a good ICO because we don't know whether the members and the activities are being funded by the ICO owners, there's no way to check it!
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.
To all this you need to pay attention to the design of the site, the theme on bitcointalk. If they are made cheaply and poorly, then who will consider such a project? I'm still looking at the number of languages translated 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.
Another thing I learnt recently is to check the team activity, not just in their telegram group but in Blockchain Conferences, Summits and meetings, an active and visible team would hardly exit scam in the future.
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.
about the Telegram - not only can you buy a channel with users, I met quite a few superactive chats to scam projects))) - so telegrams are important but not the most objective point
I still consider the country of origin when choosing a project
and you should read white paper last, when you liked the project
otherwise reread 20-50 white papers you can go crazy
Good examples of the tech team))))) 
of course I agree completely with every point in the list, and before investing somewhere check the project using as a guideline some list of points like that. In addition to this I would recommend to check the profiles of the team members, and learn deeply the roadmap, the information about changes and news about the project, how much they are public and popular.
of course I agree completely with every point in the list, and before investing somewhere check the project using as a guideline some list of points like that. In addition to this I would recommend to check the profiles of the team members, and learn deeply the roadmap, the information about changes and news about the project, how much they are public and popular. 
before investing in ico, I, in turn, pay attention to the composition of the team. I give my preference to Japan and China. the second thing I look at is the product itself, it should be ready, not at the development stage. I read a technical document, reviews, including bounty hunter.
Your valuable words help us alot in choosing the good ICO. I assure you when we are choosing ICO we will take care of it.
There's a different way to know if the ICO are scam or legit. Like me i have own my own Idea on how I see the legility of the project. Newbie don't have tsrategy or any way to know if the project are scam or not. Better if we still spreading different ways to avoid scam ICO for them and for us.
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2- Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign
Do you know that Telegram users can be bought? Do you know there are groups who are being paid to maintain the activity of a telegram group? Majority of the ICOs actually opt for their services. They also offer a range of users to the owners. They can buy anything from 1k to 30k users for their telegram group. So I really can't consider this particular factor as a sign of a good ICO because we don't know whether the members and the activities are being funded by the ICO owners, there's no way to check it!
if the idea is good, you first need to check the team. the Internet remembers everything and often in ico put pictures of strangers. if the team is real then you can analyze further this project
good share thank you for it. it will be very useful for many people here.
i mostly check the hype of the project. i check the feedbacks in reddit and social media. i check quantity of the people in their telegram group. i check how active they are. i have to be sure if they are just fake accounts or real.
i mostly check the hype of the project. i check the feedbacks in reddit and social media. i check quantity of the people in their telegram group. i check how active they are. i have to be sure if they are just fake accounts or real.
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.
As time passes I give less and less weight to the white paper and the reason for that is simple, it is very easy to write about the incredible project that you want to create and how you are going to do it, but it is a completely different thing to try to execute that, that is what you should be looking for, how do you think the execution of the project is going to happen? If you have good developers then it's likely that the project will become a success but if the project does not have then it doesn't matter what kind of good ideas the white paper had the project will fail.
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.
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.
I stusy on all of your points. Vey informative and needed for newbies and new investors.Investing in ICO market is not so profitable as far as i know. I suggest you to invest in Bitcoin or in Ethereum to make profit.
that should be considered before investing in an ICO company 1. First I will consider the importance of the problem to be solved and how it tends to resolve the problem 2. Coin / Token Website 3. The Management Team 4 shares useful knowledge, but it does not guarantee that the project will successful but these are some that we can see to participate in projects so that we are not in vain in the future.
This is very good post I must say. You have figured out the key and the important factors to consider before choosing any ICO. It will be very helpful for me of course and I hope for everyone too
Do not invest in an ICO without reading the White Paper, which is definitely the first item.
It was a very useful review.
Newcomers will now invest more consciously.
Thanks dude.
It was a very useful review.
Newcomers will now invest more consciously.
Thanks dude.
I think once you're done looking into these you should then go on to investigate the following to really cement your choice.
1. Does the team have an excellent track record of raising capital and bringing complex products to market?
2. How realistic is the road map? Are the funds they are looking to raise sufficient to bring it to life?
3. Who are their partners, check the partners website to see if they really are partnered, or if their partners are just a paid PR firm.
I was researching, better said getting known with some of the icos in December of 2017 and I noticed that there are some projects that have big companies as their partners. I think that I saw that one of those have Microsoft for their partners(I think that it was Stellar). That was pretty convincing for me. I don't think that they would lie about such a thing. I suppose that such a great name as their partner should be a guarantee for that project. So I agree on point no.3 1. Does the team have an excellent track record of raising capital and bringing complex products to market?
2. How realistic is the road map? Are the funds they are looking to raise sufficient to bring it to life?
3. Who are their partners, check the partners website to see if they really are partnered, or if their partners are just a paid PR firm.
I think the most important thing is the white paper they have proposed. Because it shows their intention and ability of them. Most of the white paper doesn’t give much info which is very bad sign
Like this, the intention of the post is good, the information also helps us to improve our final decision, but you cant trust 100% in that 5 things.
You never know if you really have the idea to start, and follow the project. Maybe they decide to go to the middle because they have already raised enough to live the crazy life.
That is right, we need to be careful with what we are joining at and it is important to check ICO very careful especially their team members because we don't know if they are telling the truth or not that is why we need to be careful and examine all the things that we need to know, don't just join because of a lot of members joining them, investigate on your own. You never know if you really have the idea to start, and follow the project. Maybe they decide to go to the middle because they have already raised enough to live the crazy life.
These all are very needed for a newbies as well as new traders.The number of scammers is more higher in ICO market. If one fall in the hands of Scammers, all your project are in vain. So strictly follow their rules before invest in ICO markets.
Nice article and I think those who has the question that how to identify scam it is the perfect answer I think and if we follow this we can become safe from scammers.
"Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign"
I think this is the most important telegram. yes the telegram groups reveal more transparently what the icon is.
I think this is the most important telegram. yes the telegram groups reveal more transparently what the icon is.
Like this, the intention of the post is good, the information also helps us to improve our final decision, but you cant trust 100% in that 5 things.
You never know if you really have the idea to start, and follow the project. Maybe they decide to go to the middle because they have already raised enough to live the crazy life.
You never know if you really have the idea to start, and follow the project. Maybe they decide to go to the middle because they have already raised enough to live the crazy life.
Great combination for checking out a ICO project that is it scam or not. But there are some other way to avoid scam like myshield. Myshield is a platform where investor can find out trusted project easily.
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.
Thank you for this. I will check what you say carefully before deciding to invest in an ICO. I learned new knowledge from you. 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.
>3- The company tech team.
This is the most important thing. I don't get ICOs with dozens of people on the "team" most of them non technical for products that haven't even been developed yet. Real startups don't start making those kinds of hires until much later on.
This is the most important thing. I don't get ICOs with dozens of people on the "team" most of them non technical for products that haven't even been developed yet. Real startups don't start making those kinds of hires until much later on.
As there are lots of ICO you can not really tell which is genuine and the one that is scam not until you have gotten the experience like they say experience is a teacher. Every potential investor got what he or she looks for before investing into a business if the ICO meets their requirements or the standard of what it takes to invest in. What I really do is to carry out a research on the ico, I go for the white Paper to know more about the company their vision, mission, the origin and date location of the company. I research on the ceo to know more about his or her achievements. The advisors to the project, after that I verify from etherscan to know their contract details, I check their campaign managemer to know how many campaigns they have successfully managed then a check on the product is very important as to know how valuable it is.
Thank you very much for the tips you given. There is no circumstance to invest using an amount that a person can’t afford to lose. If a person find an ICO with these criteria that you mentioned then I think they shouldn’t look further.
How do you determine if the profiles posted on their website are the actual people working for the company tech team? I have seen several ICOs, where the scammer just randomly pick profile pictures and fake CVs of people from the internet and then post that under the project tech team.
These people must give Skype details for these people, next to their profile and you must talk face to face with them to ask them if they are working on that ICO or project, to verify if it is true.
Photoshop is a great scammer tool.
These people must give Skype details for these people, next to their profile and you must talk face to face with them to ask them if they are working on that ICO or project, to verify if it is true.
Photoshop is a great scammer tool.
The information about the project is also crucial. Some startups do not provide enough information about the projects. We need to be aware of that.
It will not be a wise thing to judge based on Telegram because they do have paid reviews and have biased reviews too. So the decisions taken based on it will not be a favorable one.
Very good advice and there are really projects with great potential, but we must ensure that we choose the right options.
thank you for the information, but in my opinion, the most important and we must think about before choosing an ICO is the team's credibility.
the team has a big influence on the launch of coins in every exchange.
the team has a big influence on the launch of coins in every exchange.
Sorry, but these recommendations are complete BS.
Most ICOs are simply scam, no matter their whitepaper, their Telegram channel or PR team.
The only thing I would look for would be independently audited financial statements of the company history of at least three years. I have yet to find an ICO that did provide this.
Most ICOs are simply scam, no matter their whitepaper, their Telegram channel or PR team.
The only thing I would look for would be independently audited financial statements of the company history of at least three years. I have yet to find an ICO that did provide this.
They will not be able to provide because most of the ICOs are startups or just ideas of man and then he built a team. Some ICOs though that have an existing product, who's now doing ICO to gain fund, can maybe provide these details. Well, if they wanted everything to be in public, some ICOs tend to decline when asked about these details.
They will not be able to provide because most ICOs are scams.
If the ICO has a genuine product, then they will have accounts and financial statements. If the ICO is just the ideas of one guy and he is building a team, and has no product, company, accounts, development, or anything at all except an idea, then sending them your money is insane. If the ICO is declining to make these things public, then again, they are a scam.
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2- Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign
Do you know that Telegram users can be bought? Do you know there are groups who are being paid to maintain the activity of a telegram group? Majority of the ICOs actually opt for their services. They also offer a range of users to the owners. They can buy anything from 1k to 30k users for their telegram group. So I really can't consider this particular factor as a sign of a good ICO because we don't know whether the members and the activities are being funded by the ICO owners, there's no way to check it!
tks bro for your advice <3
but i think you need do it with all comany before Investing in.
but i think you need do it with all comany before Investing in.
Can you share with me the experience to check 5 things before deciding which investment to choose ico to invest ico and firmly grasp the profit? I believe you will have great experiences
Sorry, but these recommendations are complete BS.
Most ICOs are simply scam, no matter their whitepaper, their Telegram channel or PR team.
The only thing I would look for would be independently audited financial statements of the company history of at least three years. I have yet to find an ICO that did provide this.
Most ICOs are simply scam, no matter their whitepaper, their Telegram channel or PR team.
The only thing I would look for would be independently audited financial statements of the company history of at least three years. I have yet to find an ICO that did provide this.
They will not be able to provide because most of the ICOs are startups or just ideas of man and then he built a team. Some ICOs though that have an existing product, who's now doing ICO to gain fund, can maybe provide these details. Well, if they wanted everything to be in public, some ICOs tend to decline when asked about these details.
thank you for sharing useful knowledge, but that all does not guarantee that a project will be successful but this is some that we can see to participate in a project so that we are not in vain in the future.
To me Five things that worth considering before investing in ICO company 1. I will firstly consider there importance that is the problem it will solve and how it tends to solve the problems 2.Coin/Token
Website 3. Management Team 4. SocialMedia Channel/Communities 5. Competition
Website 3. Management Team 4. SocialMedia Channel/Communities 5. Competition
Prior to investing in coin buys at a certain ico program or checking it's site under their purchase contract and checking the amount of funds they have mobilized.
There is only one thing which I find to be not so useful and that is Telegram. The main reason is that it has had allegations of endorsing paid reviews. And if we do make decision based on biased reviews, then that will prove fatal to us.
Your picture example was kind of weird and I didn't know there are ICO that has sex toys as their main product for a token, But I think that is not a common thing and I really think that in taking a pick for a good ICO was its product and services that are very reliable to the consumers and a unique one such as these sex toys that are manufactured by Tao Ke and Beiquan Zhu, I really think that would have tremendous overtake for sales and would should let consumers bound with curiosity if this would be a hit in the market.
Seeing the whitepaper and the team is important. But telegram would be something that the majority will not take account of. Because they have paid reviews too and that creates biased reviews. But so far, all the other criteria are alright.
Sorry, but these recommendations are complete BS.
Most ICOs are simply scam, no matter their whitepaper, their Telegram channel or PR team.
The only thing I would look for would be independently audited financial statements of the company history of at least three years. I have yet to find an ICO that did provide this.
Most ICOs are simply scam, no matter their whitepaper, their Telegram channel or PR team.
The only thing I would look for would be independently audited financial statements of the company history of at least three years. I have yet to find an ICO that did provide this.
You mention some good points, although I am not in same line with you as it concerns the whitepaper reading point. So many projects today are just white paper project and for months after completing their ico no development of the project has been done. All have remained as just proposals on whitepaper. I think its hard time we look at ico that already have a working product before soliciting for funds and not just a project starting from scratch.
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.
Here I want to add one more important parameter. This is the presence of large investors and partners.
Yeah, it is trivially easy to bump up you Facebook/Twitter/Telegram/Discord/etc with fake likes/views/tweets/subscribes/posts/whatever. Similarly, it is trivially easy to create fake Linkedin profiles and a fake team and fake advisors or partners with fake connections.
I would suggest you take a look at this thread: Guidelines, how to spot a scam ICO & report effectively. ✔
I would suggest you take a look at this thread: Guidelines, how to spot a scam ICO & report effectively. ✔
I think once you're done looking into these you should then go on to investigate the following to really cement your choice.
1. Does the team have an excellent track record of raising capital and bringing complex products to market?
2. How realistic is the road map? Are the funds they are looking to raise sufficient to bring it to life?
3. Who are their partners, check the partners website to see if they really are partnered, or if their partners are just a paid PR firm.
1. Does the team have an excellent track record of raising capital and bringing complex products to market?
2. How realistic is the road map? Are the funds they are looking to raise sufficient to bring it to life?
3. Who are their partners, check the partners website to see if they really are partnered, or if their partners are just a paid PR firm.
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2- Telegram, If it active and have a lot of traffic and strong commentary Its a defiantly a good sign
Do you know that Telegram users can be bought? Do you know there are groups who are being paid to maintain the activity of a telegram group? Majority of the ICOs actually opt for their services. They also offer a range of users to the owners. They can buy anything from 1k to 30k users for their telegram group. So I really can't consider this particular factor as a sign of a good ICO because we don't know whether the members and the activities are being funded by the ICO owners, there's no way to check it!
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.
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