ICO is Initial Coin Offering, similar to the company's IPO issuing information for sale to the general public, ICO sells coins or tokens to the community to raise development funds to start the project.
Here are tips and tricks to differentiate projects that have good potential and fraud / scam projects to avoid.
1. Read reviews / reviews / news and whitepapers. Many parties provide good reviews / reviews in text and video form on youtube and display news about a recent ICO project, look for reviews that do not include referral links and sponsored news of the project (advertorial), reviews that do not have a financially profitable motive of course more trustworthy than the words of the parties who promote and seek personal gain. Info obtained from outsiders who do not take personal advantage of this we can compare with the information written in the white paper of a project. Inconsistent and obscure info, technical specifications covered up, unprofessional whitepaper writing with so many write errors, etc., are the hallmark of a project created by inexperienced teams and at great risk for scams or failures.
2. Team developer / project. The creator of Bitcoin certainly has the right to remain anonymous because basically it does not collect public funds by selling unreleased coins, while the start up project is naturally displaying the info of all the developer teams involved in the development. Re-check the background of the leadership and team members, their previous projects, medsos accounts of long-established team members and have positive social interactions related to the relevant fields. The scam project will not display any photo and information, even if it is usually a team member photo and fake information that will look different from the original medsos account. In accordance with the experience that has happened so far, without any information about the team of developers, it is certain that this project just aimed at a scam.
3. Github, many cryptocurrency projects include their technological development info through the github site, from this site potential investors can see the portion of work they have done, the contribution of the members of their developer team can also be checked through this site. Investors who have a technical background / programming can even re-check the quality of the programming code they have created. From this we can also see the technical specifications of the offered coin / token, whether it is just a copy / fork of an existing coin without any advanced development or constituting the creation of a new platform developed purely from scratch.
Topic: Expert users review ICOs (Read 121 times)
thank you
You will have to ask them and trust them, although online reviews in liek forms etc. are not the best idea as some people will simply go fast though your quiz and finish it soon enough, on the other hand if you offer them reward to finish it up well many will simply go for the reward without thinking and giving you true answers. I do not believe you can get 100% true results, but I think best will be to put it like a quiz and go around cryptocurrency communities and ask them to fill it up.
how to motivate users rate and give an educated explanation of their rating on a ICO review site?
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