Topic: FINDING A GOOD CRYPTOCURRENCY TO INVEST INTO (Read 111 times)

What will you trust? An ICO with purpose to fund raised alone. I think youre missing the point here, platfotm showcase a working product thay raises awareness of it is more important than focus on presale and fund allocation for the ICO. Partnership is good but a project doesnt really needed it as long as it can support its own project. Oh by the way, I want to share with you this amazing project, it isnt an ICO project but they already have a working product and own blockchain. They are now have more than 20k wallet users. Plus their product seems to work well with its promotion. You might wanna see this project on your own. Check out the following links for info:

http://taucoin.io/

https://bitcointalksearch.org/topic/ann-tauthe-active-unit-the-first-proof-of-transaction-coin-pot-4757879

https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf

https://www.facebook.com/taublockchain/

https://twitter.com/tau_io

https://t.me/taucoin

I do more believe on those self-funded projects where they can showcase first their platform before doing an ICO.
I will also check what marketing firm they end up partnering up with. One marketing firm I can recommend is Crowdcreate (https://www.crowdcreate.us/).
Crowdcrete is a leading ICO growth marketing agency according to Forbes based in Los Angeles, California. The company works on three simple marketing formula; community management, crypto influencers and public relation. With Crowdcreate, you can easily get your ICO featured in top-tier PR publications.

These days we have so many cryptocurrency projects coming on board which majority of it happens not to live up to the expectations of investors. Identifying the genuine and good ones to invest into is now becoming difficult. Here are some tips you can consider before choosing cryptocurrency project to invest into.


FIND THE ICOS
The first step is to figure out which initial coin offerings are coming up. With sites like ICOalert, developers have a place to list their upcoming pre-sale and public sale. They can also list other information like the soft cap, buy-in price and team profile. Intending investors can use sites like these to plan their entry, do research, and have their money ready to invest in the best events.

The popularity of ICOs is shooting through the roof with data supporting the hype.

“ICO Alert has seen our amount of unique daily users double every 2 to 4 weeks. The growth is incredible, and validates our view that the community wants an unfiltered list of ICOs. ICO Alert remains the only free-to-list ICO website and the only comprehensive list of active and upcoming ICOs, so we expect the growth to continue,” said Robert Finch, the founder of ICOAlert.

EVALUATE THE OPPORTUNITY
While the rare ICO captures the attention of investors and raises the cryptocurrency it requires, many will inevitably fail,. Studying the market is not complicated and gives one a good idea of how the coin will fare. This is why it is adviceable for intending investors to study the opportunities such ICO offers.

HOW UNIQUE IS THE IDEA OF SUCH ICO

There are millions of ways to use blockchain, and new ideas are cropping up every day. Currently, the market is not impressed with coins that simply recreate the “decentralized currency” model, nor should they be. Bitcoin was a revolutionary idea when it was first invented, but now all cryptocurrencies share its functionality. Look for something that puts a new spin on an old concept or seeks to accomplish something ambitious. If you see obscure or regurgitated language on the project’s website, stay away because it might be a scam.

DISTRIBUTION OF THE CURRENCY

The smart contract that manages the coin’s distribution has specific rules, like how much will be made available, to whom, when, and whether unsold coins will be “burned” (destroyed) or not. Typically, the scarcer a coin is in relation to its supply, the more it will fetch on the open market. Look for information on how many coins will be sold in the closed pre-sale (and what the bonus is for buying at that time), the ICO time window, and more.

EXCHANGE PLANS

The most bullish thing for any cryptocurrency is to be listed on an exchange. If a place like Coinbase, Bittrex or Kraken announces plans to list a coin that is still in its ICO phase, this is an excellent sign.

WHICH BLOCKCHAIN IS IT BUILT ON

New ICOs must be launched from an existing blockchain, unless they plan on building their own. The chain that the coin is built on determines which existing cryptocurrency one will use to participate in the ICO. A project using Ethereum’s blockchain will require Ether to purchase the new coin. Thus, at first it will be exchangeable only with Ethereum and no other cryptocurrencies. If it uses an obscure chain such as NEO, this could put a cap on price.

WHO IS ON THE TEAM

Look at the team’s composition for expertise and experience in the industry. Every real project will publish a short profile of each member, their history and individual role. A big team full of veterans is favorable.

ALL ABOUT THE ASSETS

The white paper is by far the most important determinant of a project’s seriousness. It should be comprehensive, thorough, and explain the technology and purpose of the coin well. Other assets can include videos, blog posts and other contributions from the team.

CHECK THE COMMUNITY

Lastly, the community is a crucial indicator of a cryptocurrency’s potential. Cryptocoins have followings that gather online on websites like Reddit and Bitcoin.org. Github is a great resource as well, and those who can read code can see get a glimpse of how well the project is programmed. Social media is less important, but can also be useful. The hype that a coin receives has a close relationship with its eventual price, because those talking about it are usually investors themselves. Beware of bounties however, a practice that crypto startups use to reward those who spread the good word. Form your own opinion and always take another’s with a grain of salt.
 
YOUR OWN VIEW AND OPINION IS ALSO WELCOME SO THAT WE CAN ALL LEARN MORE.