Topic: Are you selective when you participating in ICOs? - page 4. (Read 4398 times)

We all have to selective about icos. Investors and bounty members. Choosing the project is the hardest and the most important part of that. Personally i am very selective when i am joining any bounty and investing any ico.Because there are too many scam projects and we have to detect which one is real and which one is scam .

Of course u must very selective when choose ICO to invest cause we're out our money there and don't want to make a lose
If you're just a bounty hunter it more be easier than an investor cause you're no need to afraid lose your money

I am now extremely selective. I am not trying to be negative, but i think we are on the cusp of a huge shake up that will kill a lot of the shitcoins and level out the playing field. Thus it will be easier it invest; however, one still must be cautious.

1. never invest in ICOS with anonymous CEOS or where information is hard to get. Always do a background check or a deep dive into the executives background and see if they actually have experience in the field that is tied to there project. Example modern finance chain is crypto to fiat. The president and CEO have extensive experience in payment processing industry and they hired a VP from ripple to interface with the banks whereas Pundix has team members that have less experience in the industry (they seem to be doing good despite this but experience and knowledge trumps all)

2. Invest in projects that have a long shelf life that will be there in 5 to 10 years. Do not invest in projects where you cannot explain what they hope to achieve in less than a few sentences. Good idea that are innovative, are obvious to everyone and they solve a practical problem. Example, Tapcoin (hooch app) wants you to take ownership of your data away from the big firms who sell it without your permission (and get breached). So, they are letting you sell your non personalized data to bars and hotels in order to earn coins for free food and hotel stays. Reward systems have been around for a long time and this is a improvement on the system. Reward systems and databases (and collection for analytics) will be around for a long time and are not going anywhere. Do not invest in projects that make vague promises using catch-all terms like big data, AI processing, where you are unsure of their utility.

3. Look at competitors in the field before you invest. What are the differences between them ? What are the raises ? Compare and contrast.

4. Look for projects where they seek to make the world a better place as opposed to just making profit. Projects like Hinounou want to help monitor elders and vulnerable classes with block chain technology. This is a real problem and the CEO has a passion for fixing it. Passion is what makes people put in the extra effort whereas someone who just wants to make money, will do the bare minimum.

5. Beware of vague promises without backup. Many projects promise huge TPS or call themselves 4th and 5th gen blockchain. Those are buzz words and unless they can back up their claims in the whitepaper/technical paper then assume its all hype.

6. NEVER GET YOUR INFO from only one source such as bitcointalk, reddit, and other discussion forums. Make sure you use multiple sources and never trust just one persons word on anything. You always want to have all your questions answered and the mods and admins of the telegram group should have no issue answering them. Don't even trust me on any of the projects i mentioned. DO YOUR HOMEWORK, which requires time and effort.

Following these tips have served me well.

I try to look for ICO on rating sites and I take part in bounty campaigns that have high ratings and already collected soft cap and are guaranteed to be paid.

Participating in the ISO can not be non-selective. 90% of the case in this case depends on selectivity, and if not to be selective, then the work will not be justified, and efforts are spent in vain. In addition, as selectivity, it is important to be attentive to the rest of the moments, it is not for nothing that this work is called bounty hunting, therefore the approach should be like that of a hunter 

There’s a ton of shitty projects out there. Even most review sites list them. Looks like it doesn’t take anything to get listed on previously popular pages. So now we have to do our own research. Find out primarily about the team. Top team means the project could steer well in this market. If you don’t get a good project team and Usecase don’t invest keep your $$$

Yes , I have to be selective in any project I get in even if am an investor , I can't just see project and jump in to it for reward sake but still we still have many fail project which I see as a major issue when it comes to raising funds, giving reward to bounty hunters as stipulated, getting listed in good exchange and many more , so everything still goes down to the team who are the main driver if any project.

Both, i think now i have mature period in crypto so after long process of learning about all stuff in crypto i decided to jump in to be an investor in crypto project, like ICO or after ICO.

I am sure that there is nothing better than being 100% not a panicked person, this is probably the most important thing today, because today there is no point in rushing and panicking, just standing and waiting until you are sure about the project.

Yes, I analyze ico projects as much as I can. I get ICO tokens for free. Investment in ico, it's a huge risk!

To read or read about all your skills and you do not have enough time. Therefore, I either follow certain bounty managers in this forum, they make an announcement of the topic, and I start looking for information on this project. Or watch the site icodrops. I don't use much anymore

yes I am usually very selective in choosing ICO. I have often lost money when dealing with the ico project so from now on I will not immediately believe just because the project is Hype

I don't participate in ICOs for more than 3 months, but yeah, I am selective, in other case you can't eliminate failing ICOs which are trying to scam you

analyzing the ICO, I increasingly come to the conclusion that many simply copy projects from different sources, so I began to pay attention to the project after the appearance on the stock exchange and after the implementation of a number of points of the road map. Early entry now brings no XXX.

of course yes, I'm not careless when i join in the ICO..
the first time I did was read the ICO Whitepaper because there we could know the concept and how it works.
then I found out about the people who were behind the ICO project because it could be that the photos displayed there were photos of other people.
and the last is whether the ICO fund allocation makes sense because I have been deterred by the attraction of big profits.

Simple statistics of 80% of all ICOs will be answered by your question - scam 80% of all successful ICOs are closed after a few months. How do you think you should be picky about your project choices?

If you really want to be successful in your crypto investment of bounty activities, then you shouldn't just jump into any ICO, you first have to make a thorough background research about the project and the team behind it, in order to minimize the risk of being scammed.

in my opinion we really have to be selective when becoming investors or bounty hunters. to Participate in ico we must pay attention to several things, such as: product, whitepaper, partner, roadmap.

I usually search for ICO projects through my facebook, there are many projects on it. Or can I join the telegrams group, they give us many ICO projects they manage and I can talk to them for more information. How to evaluate a good ICO project? I do not have to consider the project floor price that I assess in the roadmap of how the project develops in the future.

We must be smarter in selecting which ICO is legit or scam. Moreover, we may be so difficult to diversify the scam and legit ICo for sure.
 At least I should know the information about the legality of the project, team members, roadmap, whitepaper, and its website in good looking.