As a professor of Economics and Entrepreneurship , I would say that choosing the right bounty program over thousands of ICOs is really indeed a though job for a neophyte in the crypto industry. There are lot of queries sprouting out of our minds that needs detailed mentoring from the more knowledgable others of this arena.
A professor? Nice!
I have a few questions for you:
- How do we know if the problem is real or not? Often the utility of the token sounds great but the whitepaper may fail to offer great detail on the actual market opportunity or need
- What are the biggest risk factors for us? What are the things (either in commentary from the developers or in the whitepaper) that should give us pause?
- What do we do about the lack of liquidity of ICOs from the start...or do you feel there is a liquidity problem?
- When should we cut our losses if the ICO tanks form the opening bid?
Wow, thanks for the interest of the post. Quite a few questions you have their and I will try to answer it as interesting as possible .
1. The popular addage says Necessity is the mother of all inventions that means we human has an innate chracteristic of being curios which tends us to unlock lot of things of higher possiblities to solve our intervening situations, adversities, and needs. We can tell the project is real and useful once it answers directly to the needs of the humanity.
2. The biggest factor is the volatility of the market, the demand of the products and available needs to be further observed. so I would say that we should focus on the one that has very competitive human resource which are keeping on evaluating their products in relation to their Vission, MIssion and goals.
3. If the team is dedicated their still lot of rooms for improvement. Researching, tapping the right people and venturing on the right market are the keys.
4. Just by observing the market and the team direction towards their goals, abandoning their project manifested on their actions like getting out of downs first before the investors. A good team always try to care for the network, the persons involved, investors rather than the business itself. Your good to go once the market has decided, do not decide with yourself alone, you surely end up with great losses. Those were among others. Pretty much thankful if you could share some ideas too.