Here are my basic rules to consider about ICO's :
* first of all, as think if the ICO idea is good (read whitepapers) and is useful,
* then go to their web page and click all the buttons see if the site is legit.
* search for the roadmap it is crucial because serious guys have all the plans located on their roadmap.
* check if the amount of coins is logical.
* check if the team members are real people with experiences (you may even contact them)
Topic: HOW BE SPOT A GOOD ICO (Read 111 times)
Most future ICO-s have ANN threads on this forum so it doesn't hurt to start reading.
You can tell right away whether the team put any effort into it or are in for a quick buck. This is how you weed out 80% of them.
As for the remainder, read the whitepaper, consider their idea, and use your own knowledge to decide if it's worth it or not.
You can tell right away whether the team put any effort into it or are in for a quick buck. This is how you weed out 80% of them.
As for the remainder, read the whitepaper, consider their idea, and use your own knowledge to decide if it's worth it or not.
Check the white paper
Generally, if a project doesn't have a good team then I'm not interested.
However, if there social media account is managed correctly; and by correctly I mean it is a) active and b) shows active company engagement then I would be willing to take a chance and invest.
Team and social media at this stage is key to a successful rise in the coin/token price - which, lets be honest - is what we all want to see.
However, if there social media account is managed correctly; and by correctly I mean it is a) active and b) shows active company engagement then I would be willing to take a chance and invest.
Team and social media at this stage is key to a successful rise in the coin/token price - which, lets be honest - is what we all want to see.
Here are some common things I look at:
1. Do all the team members exist? - check everyone on the teams linkedin look at their experience and see if its in line with what they do in the ICO. Check if their previous employers exist. ( go beyond linkedin as much as you can, find them on the web)
2. Check total supply and work the ICO price out, see if its a good deal. E.g. if you are paying $2 for a token and the total supply is 800mil then that is not a good deal unless the project is something insanely good
3. Does it need a blockchain? Its a hotword these days and people just do ICOs for the sake of doing ICOs. See what the plan for the project is and if you like it. Basically I only invest into things that I jump of for and keep me awake at night thinking of them
4. How many other people are onboard ? It doesnt help going all in on an ICO with 10 investors, users = value in my mind.
5. BE CAUTIOUS, theres a lot of scams
Theres plenty of other things to consider , but i need to get back to RL work now lol. Im sure the other guys will give some good tips too.
Can we jsut detail things to look out
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