Topic: How do I participate in an ICO? - page 2. (Read 712 times)
I hate ico，it makes me sad when i lose my money
I am an absolute beginner in investing in Bitcoin and alternative Coins, but I found an ICO that sounds interesting for me. It's about the Cultural Coin, I guess one of the first cryptocurrencies here in Austria: https://www.culturalplaces.com
There are only 4 days left for Phase 1 of the ICO and I'm interested in participating. Do you have any advice and tips for me?
there are some of instruction every ICO you want to participate. you must look for there ann thread and read about investing. you can also access their website where all of the information you want to know is on it.There are only 4 days left for Phase 1 of the ICO and I'm interested in participating. Do you have any advice and tips for me?
About the "how to", that's in general quite easy, moreover if you already have some crypto in your wallets.
Almost all the ICOs accept BTC and ETH. If you own other altcoins, you can convert them on exchanges, or using a service like changelly. Actually, even the conversion from fiat is not that different.
Not sure I'm allowed to post a link (so I won't), but I have a youtube channel (CryptoHunters ICO) where I collected many useful videos about this topic.
The real issue is anyway about the "which one". My suggestion is always the same in this case.
Only invest an amount of money you can "comfortably" afford to lose and if you can, do not put your money on just one ICO. The risk of losing your investment is lower if you spread it across several projects.
There are also strategies about how to select the best ICOs. It also depends on your expected ROI and/or investment timeframe.
Almost all the ICOs accept BTC and ETH. If you own other altcoins, you can convert them on exchanges, or using a service like changelly. Actually, even the conversion from fiat is not that different.
Not sure I'm allowed to post a link (so I won't), but I have a youtube channel (CryptoHunters ICO) where I collected many useful videos about this topic.
The real issue is anyway about the "which one". My suggestion is always the same in this case.
Only invest an amount of money you can "comfortably" afford to lose and if you can, do not put your money on just one ICO. The risk of losing your investment is lower if you spread it across several projects.
There are also strategies about how to select the best ICOs. It also depends on your expected ROI and/or investment timeframe.
Transparency is one of those things which are really important to me. I want to get the feeling that the company openly shares their info and that their website is well structured and provides all the most important information. I also try to find the team members on Linkedin and check their profiles. For questions you have the cultural places telegram chat is probably best. And definitely check out these independent review websites and make sure you understand the criteria they are reviewing with. When will your project hit the exchanges?
I agree, research is in fact really important!
I personally have not done any research on this ICO, but before you invest on any ICO I would recommend that you go to ICOBench and look for the ICO that you want to invest in. Take a look at its rating and the rating of ICO experts. It is the easiest way to determine whether an ICO has potential or not, because the ICO experts that rate ICOs on ICOBench usually go into a deep research of the team, vision and product of the ICO. Other than that, you can also look for reviews on Youtube, Twitter, Facebook, etc. and most importantly their ANN thread on Bitcointalk.
Thank you for you advice! I took a look at this site and found the rating for the Cultural Coin I'm interested in there. The ICO got a green rating there, which looks good to me. I like the site and how clearly arranged things are there, you can also find the Whitepaper there.Here's a detailed analysis about ICO tendencies in 2018 and some suggestions about how to make ICOs great again! It's highly worth reading!
https://steemit.com/ico/@cryptohu/ico-tendencies-2018-how-to-make-decent-profit-from-the-changing-world-of-icos
Looks like interesting stuff! https://steemit.com/ico/@cryptohu/ico-tendencies-2018-how-to-make-decent-profit-from-the-changing-world-of-icos
The 1st step is the most important: Do your own and most extensive research possible on the project you're contributing to!
Looking for a project, open its site, study it, project team, prospects and ways of development. Based on the analysis of these criteria, you must decide whether or not you will participate.
just a tip to always read and go through the whitepaper of an ICO. there are so many scams out there and it's important for you to carefully go through the details, do a background check of the developers and seek wisdom from reliable sources and crowd. before making a decision, stop and think twice first.
I personally have not done any research on this ICO, but before you invest on any ICO I would recommend that you go to ICOBench and look for the ICO that you want to invest in. Take a look at its rating and the rating of ICO experts. It is the easiest way to determine whether an ICO has potential or not, because the ICO experts that rate ICOs on ICOBench usually go into a deep research of the team, vision and product of the ICO. Other than that, you can also look for reviews on Youtube, Twitter, Facebook, etc. and most importantly their ANN thread on Bitcointalk.
I would be extremely careful with ICOs right now because of the current environment.
Thanks a lot to all of you! I joined the telegram group of the ICO I'm interested in and I'm spending al lot of time to get all the informations I need. I almost finished reading the whitepaper of the Cultural Coin ICO. And I also read here https://www.culturalplaces.com/agile-adaptive-and-ad-hoc-more-time-for-investors/ that Phase 2 of the ICO will be extended, so I have more time to make the best decision.
As I see, a lot of people have given you advice on how to find a good ICO so I'm not gonna go through that right now.
To participate in most ICOs (erc20 tokens) you need an Etherum Wallet and a Metamask Installed. Please look up how to use Metamask since I can't share links here.
To participate in most ICOs (erc20 tokens) you need an Etherum Wallet and a Metamask Installed. Please look up how to use Metamask since I can't share links here.
First of all is you should join their telegram group so you can have update about the ICO and you can ask directly your questions to the manager.
So you are interested in participating in a upcoming Initial Coin Offering (ICO) of a [Suspicious link removed]pany, most ICO is based on cryptocurrencies, usually either Ether or Bitcoin. There are various business models designed to make the tokens more valuable with time. ICO is newly fund raising mechanisms. so Launch your ICO website easily!!!
You just have to choose which ICO you want to participate in. Make sure you study everything about it, and learn important details you needed to know before you jump into that. And once you're sure and confident about it, you can signup to their website and read all details on their ICO.
It is easy to join to the ICO,firstly you need money to burn out and convert them to cryptocurrency,second you need to find a good ICO always do your research before investing,Third register on there ICO portal or token sales then get you address and deposit.Fourth Wait for months and boom get your profit from ICO(if it is successful lo 
:)l)
:)l)
you need to learn that ico on the media as faceboook, twitter, telegram ... to update the latest information about the ico and the bonus. join the telegram to chat and asked to probe investment approach. of course for eth is to be prepared before that!
One important tip is to always read the whitepaper. Details are important so take time to carefully go through the information of the ICO. Do some background checking as well among your network and/or other ICO relevant sites. Here's also a good article that helps you identify a scam ICO: http://strategiccoin.com/3-ways-to-identify-an-ico-scam/
Good luck!
Good luck!
As another poster said, you'll need some crypto, most likely ETH. You can purchase some using an exchange. Learn about what a crypto transaction entails, I highly suggest you take the tutorial for the exchange you decide on. It's important to take these steps because you will be sending your eth to the ICO's wallet address. It'll be one of the first transactions you take part in. Note, however, that you will most likely not receive your ICO tokens immediately after your payment as it usually takes up until the public sale is closed for ICO's to distribute tokens to investors. There should be some sort of disclosure of this in a confirmation email. We cover everything you need to know about participating in an ICO in our blog, check it out if you want to learn more! http://[Suspicious link removed]/ICOGuide
Cheers!
Cheers!
I am an absolute beginner in investing in Bitcoin and alternative Coins, but I found an ICO that sounds interesting for me. It's about the Cultural Coin, I guess one of the first cryptocurrencies here in Austria: https://www.culturalplaces.com
There are only 4 days left for Phase 1 of the ICO and I'm interested in participating. Do you have any advice and tips for me?
There are only 4 days left for Phase 1 of the ICO and I'm interested in participating. Do you have any advice and tips for me?
To participate in an ICO, you need cryptocurrencies, usually Ether or Bitcoin. You cannot participate in an ICO with fiat currency. If you don’t own cryptocurrency, you will first need to buy some. The best way to purchase significant amounts of Bitcoin is through online exchanges. Transfer money from your bank account to your newly created account with a cryptocurrency exchange.Transfer your Coins from the Exchange to a Blockchain Wallet you Control. Then go to https://www.culturalplaces.com or any other desired ICO offering sites and contribute.
There are ICOs that allow or accept fiat too. I have invested in a few of those and you just pay direct from your bank in FIAT
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