The validation process is the important part of the ICO promotion and it's listing. In order for an ICO to be promoted and exposed to potential investors and traders in the Top ICOs table, the ICO must be validated and legitimated first.
Before validation
Before the ICO validation starts, the ICO team completes the ICO Promotion Agenda and sends it together with the whitepaper to Crypto-Potential. If the whitepaper and Agenda have been sent and are completed properly, the validation process will start.
Actual validation
The validation process validates and assesses the ICO by the following criteria:
whitepaper
legitimacy
business
purpose
team
website
experience in the chosen field
social media activity
The process usually takes between two and three workdays, but it can be extended due to a lot of requests.
After validation
After the validation process, the ICO team will be informed about the results and whether the ICO has passed the validation process or not.
Unsuccessful validation
If the ICO has not passed the validation process, the ICO team reserves the right to ask about the reasons for rejection. The ICO will, however, not be listed in the Top ICOs table.
Successful validation
If the ICO passes the validation process successfully, both parties agree upon the exact time period when the ICO should be placed in the Top ICOs table. The successful validation and listing of an ICO in the Top ICOs table will be shared on social media.
After the agreed time period expires, the ICO team can extend the promotion period for the same ICO without going through the new validation process. In case of expiration, the ICO will be removed from the Top ICOs table.
