hello jenna
it is very hard to say which one is the best ico to invest for beginner, everyone should decide for themselves. you definitely need to do your due dilligence, i wrote article on steemit about how i do my ico research. you can find it here https://steemit.com/cryptocurrency/@topicopicks/ico-research-the-way-i-do-it
on top of that, I would like to note, that some other factors become more and more importat (especially in this market): hype and ico niche. as an example, i would use project called OneLedger, that had nice hype levels, but pretty much everybody who passed kyc was given allocation. and just yesterday or the day before, on the day when it was launched on exchanges its price went down 20% below ico price. on the other hand projects that are way oversubscribed and not everybody can get allocation are performing better than that.
but please dont take this as advice, just my 2 satoshis. you will need to find your own way of factors you will want to have (in projects that you participate in)
Topic: Beginners Guide To ICO Investing - page 2. (Read 426 times)
Hi
This is really really complicated and unregulated business, strongly recommend to invest much time learning before even considering investing.
The first thing you need to check is to make sure they are not a SCAM.
My 6 Steps=>
1) Check the credentials of ICO team members
2) Read the ICO whitepaper carefully
3) Is there a meaningful ICO project plan?
4) How to spot ICO scams by checking token distribution or token-sale modalities:
5) Use the crypto community: just like here in Bitcointalk (make sure the person behind is not a marketing affiliate)
6) Consult for useful resources, there are plenty of great sources to learn from, 1 example is my attached detailed guide to spot a scam.
https://101blockchains.com/how-to-spot-ico-scams/
Hope you find it useful
Aviv
This is really really complicated and unregulated business, strongly recommend to invest much time learning before even considering investing.
The first thing you need to check is to make sure they are not a SCAM.
My 6 Steps=>
1) Check the credentials of ICO team members
2) Read the ICO whitepaper carefully
3) Is there a meaningful ICO project plan?
4) How to spot ICO scams by checking token distribution or token-sale modalities:
5) Use the crypto community: just like here in Bitcointalk (make sure the person behind is not a marketing affiliate)
6) Consult for useful resources, there are plenty of great sources to learn from, 1 example is my attached detailed guide to spot a scam.
https://101blockchains.com/how-to-spot-ico-scams/
Hope you find it useful
Aviv
As a newbie, you don't invest in any. You learn how they work, and you don't follow people who tell you to invest in that or in this. There are no safe options as far as ICOs go.
I would recommend you to always think that every ICO wants to scam you out of your money. Believe it from deep down your heart. And then, inform yourself about everything they do and see if they can really turn around your belief, that they only want to scam you out of your money. If they have a very credible idea that can turn the world around, a credible team with smart people on it, they can still take your money and run away with it. So be very careful about it and always expect the worst when you deal with ICOs.
I would recommend to pay attention to these factors: they must have a good Whitepaper, read it scrupulously, cause some ICO just steal somebody's else Whitepaper and just change the name of the project. They must have MVP on their website, cause lots of projects like to write how cool they are, but don't have anything except these pompous words. Their employees should have profiles on Linkedin, for example, cause scammers are afraid of revealing their personality and often they whether don't have any profiles of steal somebody's photos. Check their groups on the different social networks, they should be active and not filled with bots and fakes. Check their profile on GitHub. I would recommend you to pay your attention to Cryptics - forecasting platform which does use 100% AI. Their project does satisfy with all these requirements.
Use google, you can find plenty of guides to invest in ICO's there. People aren't going to help you much here, most of them don't know what they are talking about. A good tip that I can give you is to look for ICO's that have products or at least prototypes ready.
Which is the best ICO to invest for beginner?
Jump to: