Topic: How do you choose a good ICO? - page 5. (Read 1121 times)

Interesting to see how many people mention icobench. Is that the most reliable source for you?? Which alternative is there? Keen to know!

ICOBench quite alright is a good way to what top investors and analysts are saying about particular coins but should never be the basis of choosing a good ICO, but at least a guide on investments that you feel will be worth doing more research on.

One thing with this space is that you are strictly on your own and you should know quite alright that based on that, to survive, you will have to rely on your own understanding and belief about the project than someone else’s.

The major criteria for choosing a good ICO is simply to check if there is an available product before even deciding to go further. The products relevance, the importance to the space and users will all determine if there would be real demand for it or not in the long run. A lot of projects and team members are fond of giving promises that are empty and you do not want to end up catching yourself with such projects.

After this, know a lot you need to know about the team as these are the people you are banking your investment on whether you like it or not and you really want to weigh their competence, skills and past experiences when it comes to doing a great job eventually.

i always do background check of the team and the every members integrity, knowledge and participation in the blockchain industry.
i also check its partnership in the real corporate world if it has any

I usually read the white papers of the ICO project and participate in the ICO community because I think it's quick to get information about the product through communication and reading!

Eloncity people may be interested in this project, with a reasonable idea and a team active. This project is worth attention at the moment it has a detailed roadmap. If you are an experienced investor, consider joining this project now. https://eloncity.io/

Here are the steps I do to when I look for a good ICO to invest and to do bounty.

1. Look in ICO review sites, the higher the ratings the more interested I am.
2. After I saw one, I will read the white paper.
3. I will also check the advertisement in cmc, more advertisement means the project is serious.
4. Check ANN thread in Bitcointalk
5. Check the linked in profile of the team, if it is a legit one, it is good to go.
6. Most good ICO is active in their social media accounts, fb, twitter, medium, reddit, linkedin, youtube etc.

A reliable team will have very well known by a lot of investors and that will attract a lot of people to be joined on the social chat and that will give a huge impact to the hype. Basically if you are wanna getting a huge return for your investment and i should recommend you to invest in the ico which has been getting a lot of hype.

do some research to figure out the scam. This is the most basic way that can be done to prevent the entry in the scam. see team, whitepaper, and wallets available. When it is real then it might be worth to follow. but it's just sometimes not quite as many factors else might be enough to affect the result of the ICO.

That's a good point, and that's how i know real project, I believe that good projects with real team always appear in the media for interviews and talks shows and event and conference, this shows that the team and the project are real and out to do some work not just taking the money and disappear.

Yes there are many scam ICO's, but don't forget that there are still good and legit ICO's too.
I always participating on ICO that have a press release so i know the company is real.
And look at the concept of the project, if they are good, it will be worth to take a part.

For me I do a few checks like check the team, check if they have a working product, but these best way i check for real projects is on the team members, I check videos and pictures on google to see the events and conference they have attend and speak at the event, at least three event i will count before passing them, In my own opinion, i think that a scam ICO will out go all out for these important events and conference across the globe.

It is not easy to determine an ICO scam because some scam ICO is very near to reality. But if you do the following things you can minimize the risk of being scam. First, you need to visit the website of the project you want to join and see if all information are possible and visible. Research and analyze their vision in the whitepaper and roadmaps. Follow all their social media accounts. And lastly research the profile of the bounty manager if it has a high trust ratings in their bounty campaigns. Good bounty campaign managers with high trust ratings always handling a legit projects.

Thanks for suggesting those sites. Let me check with them.

I usually do the 3 steps all the time and I have only found couple of coins that ever matched my criteria so maybe I am to conservative and the ones I invested failed miserably so I always failed to find a decent ICO and I am not sure if thats because I am bad at selecting ICO or the market dropped which caused my choices to fail.

I check the team of that ICO and see if there is anyone I ever knew before, if I heard their names thats already great, if not than I check where they worked before, if the team worked on big projects before than I trust them, if they have not worked on any big projects before why would I trust them with my money ?

Hence, in the end that decides on the step 1, than step 2 would be the white paper, see what they are trying to achieve, what problems they are trying to solve, if that problem was already solved by another coin already than I don't invest, if it was not and its actually a good problem they are fixing than I do go to step 3, which is checking the community if the community is crowded and everyone is talking about it and everyone is hyped and crazy about the upcoming release of the full version of the coin than I complete all three steps. However remember, none of the coins I invested has ever made me profit.

When looking for a good ICO one should look for Team, Timeline, Media Community, Regulation, Whitepaper, Global Potential.
If you are looking for a good ICO then my currency Pick is

 INCODIUM

Incodium has developed a solution to protect users and investors against the rising threat of cryptocurrency hacks. Incodium is achieving this through an API-based Smart Contract Solution.

For More Information visit: https://incodium.io/

Official Facebook: https://www.facebook.com/Incodium/

Official Medium Page: https://medium.com/@incodiummate

Look at the idea, the team, whitepaper, the website, then I go to an ico review site to see what people say about it, if it is good then invest in it.

Several months ago I would advise you to follow the opinion of several rating sites: ICO Drops and Cryptodiffer. There's an excellent team of more than 12,000 people who only deal with really interesting ICO projects and do not work for money but on conscience! Now, the situation has changed due to the global crypto Dump and many ICO projects are in the freezing stage. All of us now have only to wait for changes in the situation on the crypto-currency market.

In my opinion we should be careful about the ICOS campaign. Learn about business whitepaper, partnerships, advertising campaigns. Overall, it's just a review, not 100% sure.

everyone has their own criteria for choosing an ico. in choosing an ico, it's important to see the whitepaper first because we can know a lot of information about the project inside. besides, a good project will also be handles by a good team. a good team will be a positive value for investors in choosing an ico.

Eloncity I am involved in this project, because I find it to be a good potential. The developers of this project have made a very good platform, which can really attract investors. This is really an interesting project, so I encourage you to join. https://eloncity.io/