If an item looks like a scam, it may be. When you can't determine if an item is a scam, you'd better be careful. Although the lack of a well-designed website and detailed information for a cryptocurrency project may be due to the fact that the project is still in its infancy, it may be difficult for us to determine whether this is due to inadequate project development or because it is a scam.
In many cases, inadequate development and scams may be combined. In these cases, interested investors can either wait for more information to appear (such as those from the Asian market ICO, their information will be translated into English later), or they can avoid those they do not understand ICO.
Another important source of information for ICOs is the White Paper, which outlines project objectives, technical details, team status, and other important details. Although amateur investors may not have the technical background to fully understand all aspects of the White Paper, it is necessary to have a general understanding of the blockchain concept when evaluating the White Paper.
Some more orthodox projects (such as Ethereum) will provide high-level white papers that not only outline the key points of the project, but also include detailed technical documentation that explains the technology behind the project.
Topic: How did you choose ICO to invest? - page 3. (Read 540 times)
A good ICO certainly has a good explanation of the Project to be achieved next. In addition they definitely have a very good team of developers. I am very enthusiastic to an ICO who is professional and do my best. Even a convenience in communicating can be a benchmark. I am very detailed about everything and if I find there is something awkward then I will stop, I am looking for a perfect project ICO and therefore I always pay attention to everything from the smallest. I do not want to fail and therefore I will try everything to convince myself to invest in an ICO Project. It does take a long time, but I'm sure I can be satisfied if I get what I want.
What criterias do you take into account when choosing?
there are many considerations and research you should do before investing in ico. if you miss it, then I am sure you will lose. try visiting this thread and hopefully you can understand.https://bitcointalksearch.org/topic/m.28918031
Thanks for sharing. It's useful
I myself never select ICO because it is very difficult, almost at the level of visibility. So many scams now, so I rely on my friends, among whom there are very experienced traders.
I see the ratings on icobench also icodrops, and I see projects that are certain bounty managers.
Choosing a good ico to invest here are my suggestions. 1. Check their website 2. Team member and their role in the campaigns 3. Check their rating 4. Check their white paper and road map 5. Research and reading to earn knowledge and experi
Take my advice as a guide to verifying any ICO:
1. On preico, the team must have a contract for automatic transfer of funds with prescribed conditions for early investors - not handles like many do, namely those prescribed in a smart contract - otherwise the collected funds can simply enrich the funders or conditions will change during the play - cases of lots.
2. The contract for preICO should be part of a large ICO contract - not different coins - it is not safe in terms of vulnerabilities and withdrawals.
3. The contract for preICO and then the ICO should be registered lower and upper barrier - if this is not the team does not know what it wants - just a scam.
4. The contract for ICO should be escrow of the funds received as a result of placement - it can be a frieze or multisec with a voting condition. This will give you a guarantee against the expenditure of funds earlier than the team completed the previous stage.
5. In the contract, an unconditional refund should be prescribed in the event that the lower limit of the collected pool is not reached. It is in the contract and not in the white book, if it is not - scum.
6. All contracts must be posted on GithHub, this will enable third-party developers to check the contract for the vulnerability if the team has not taken care and before the ICO has not posted a bounty on the vulnerability.
7. The contract must specify the conditions for the team and for the bounty.
8. The contract must specify the conditions for not traded tokens - with clearly defined deadlines.
Damn, thats a huge list but seriously no amount of check points will prevent you from losing your investment in ICOs with the current failure rates. Only a handful of ICOs have succeeded that launched last year and the rest have already failed or exit scammed. Currently ICO is a very risky investment and one should try avoiding it. 1. On preico, the team must have a contract for automatic transfer of funds with prescribed conditions for early investors - not handles like many do, namely those prescribed in a smart contract - otherwise the collected funds can simply enrich the funders or conditions will change during the play - cases of lots.
2. The contract for preICO should be part of a large ICO contract - not different coins - it is not safe in terms of vulnerabilities and withdrawals.
3. The contract for preICO and then the ICO should be registered lower and upper barrier - if this is not the team does not know what it wants - just a scam.
4. The contract for ICO should be escrow of the funds received as a result of placement - it can be a frieze or multisec with a voting condition. This will give you a guarantee against the expenditure of funds earlier than the team completed the previous stage.
5. In the contract, an unconditional refund should be prescribed in the event that the lower limit of the collected pool is not reached. It is in the contract and not in the white book, if it is not - scum.
6. All contracts must be posted on GithHub, this will enable third-party developers to check the contract for the vulnerability if the team has not taken care and before the ICO has not posted a bounty on the vulnerability.
7. The contract must specify the conditions for the team and for the bounty.
8. The contract must specify the conditions for not traded tokens - with clearly defined deadlines.
hey fellas, you should have a look at SLASH
https://bitcointalksearch.org/topic/annplatform-slash-make-the-most-of-your-blockchain-skills-3309075
They want to create a IT job listing market.
A crowfunding platform and data share community, with rewards like youtube with code and help to debug.
So worldwide coder should be able to learn, practice, and finaly work on the platform, from anywhere in the world.
I think it's a great concept, using some of the best internet concept.
I gave them a shot with a masternode, I guess I will get 2 or 3 masternode in a few days.
Great position I found here I guess, coin is already on a market (no order book but it's slowly building)
https://bitcointalksearch.org/topic/annplatform-slash-make-the-most-of-your-blockchain-skills-3309075
They want to create a IT job listing market.
A crowfunding platform and data share community, with rewards like youtube with code and help to debug.
So worldwide coder should be able to learn, practice, and finaly work on the platform, from anywhere in the world.
I think it's a great concept, using some of the best internet concept.
I gave them a shot with a masternode, I guess I will get 2 or 3 masternode in a few days.
Great position I found here I guess, coin is already on a market (no order book but it's slowly building)
The team that stands at the source of the project is very important. If there is a strong CEO and technical developers, then they can bring the case to success.
Team, investors, advisors, business plan, what they offer to the investors. But these days it is hard to choose correct ones for me. I prefer to wait they get in markets.
What criterias do you take into account when choosing?
1. Team 2. project itself - is should be clear 3. detailed white paper 4. conditions easy to understand
Today I have one good project to invest in, I already bought some coins and also can recommend to you: ambit mining
I look into an idea, team, soft cap and hard cap. I like to invest in ICO's with small hard cap actually.
What criterias do you take into account when choosing?
There are many ICO,mostly are scams for authentic ICO analyze following factors.
1. Have a descriptive study of White paper and see whether ICO comply to it or not.
2. Good and experienced development team.
3. Core idea having something unique w.r.t other ICO
4. Marketing strategies to convey it's concept to community clearly.
5. Funding policy for that particular ICO
6. Practical usage for common community.
Well there are so many things that you have to before invest in an ICO:
- Read and learn their whitepaper (This is most important)
- Find more about those who behind the project.
- Knowing their future plan and benefit for you if you invest your money out there.
- Read some review on ICO review web and asking other people about their opinion.
- Design, promotion etc
- Read and learn their whitepaper (This is most important)
- Find more about those who behind the project.
- Knowing their future plan and benefit for you if you invest your money out there.
- Read some review on ICO review web and asking other people about their opinion.
- Design, promotion etc
The choice of a reliable and profitable ICO is based on a thorough analysis of the startup. The fact that the start-up manager was able to find and interest good specialists, correctly advertize the project, shows that he is quite capable of doing the same after the ICO, which means that the chances for success are high. The probability that a startup will be successful is high if the product meets the following criteria: low level of competition; solution of one of the problems of the market; presence of a unique, practical, functional idea; market readiness for the product.
The team of the best professionals and excellent content.The company also has a website Builder for ICO, as we all know, is a huge advantage for business development.I advise everyone to cooperate with this company and you will never regret that started to work with this project.Good luck!
A BUBBLE OR A CHANCE?
With the background of those incredible stories and high returns some market observers often tend to keep warning the general public and investors of a collapse in the market, while others cordially invite people to participate in a new kind of euphoria.
Video review in Russian https://www.youtube.com/watch?v=jC6rxUq1tYs&t=20s
https://pecun.io/
A BUBBLE OR A CHANCE?
With the background of those incredible stories and high returns some market observers often tend to keep warning the general public and investors of a collapse in the market, while others cordially invite people to participate in a new kind of euphoria.
Video review in Russian https://www.youtube.com/watch?v=jC6rxUq1tYs&t=20s
https://pecun.io/
Firstly, there should be a good team, the idea of a project that can be applied in everyday life, the coverage of events that the team does, these criteria all combine a project Effect.AI in which I invested.
And also. follow the social media sites. and read the reviews from other users
1. Whether the technical team of the ICO project is excellent.
2. Whether the ICO project has implemented the open source code.
3. Whether the ICO project has enough followers.
2. Whether the ICO project has implemented the open source code.
3. Whether the ICO project has enough followers.
1. The team - their track record with previous ventures, linkedin profiles - a good mix of technology and business expertise is what I generally look for
2. The whitepaper.
3. What using the blockchain enables for the project and if a seperate token is required.
4. Activity on Github.
5. How the team engages the community on telegram, twitter, reddit, medium.
2. The whitepaper.
3. What using the blockchain enables for the project and if a seperate token is required.
4. Activity on Github.
5. How the team engages the community on telegram, twitter, reddit, medium.
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