ICODROPS:
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Telegram EN ChatHello friends! If you’ve ever tried to participate in Initial Coin Offerings (ICO’s), you might have heard of icodrops.com. If not, then it is your chance to learn more! This article will unravel all the secrets (although we have always been transparent about it) behind ICO Drops, among which are:
How do we find and choose projects
Who chooses projects and based on what factors
What does interest level mean: rated and not rated
For projects: how to get listed on icodrops.com (no paid listing!)
Let’s start at the beginning. If you tried to research projects yourself, you probably also thought at some point: where do I find them? There are multiple ways to do it:
Look through twitter accounts of famous projects and their developers
Check what other community members bring
Of course, we also follow all these steps and actively look for new bright ideas. We check what our community brings us, and the best way to do it (and in fact the largest piece of the funnel) is the
submission form on our website. If you are a project owner/developer, then this is the way for you.
What happens after we find a project?
Well, it comes down to in-depth due diligence. We check the whitepaper (the technology and the product), the team, the funds/people backing the project, social statistics, roadmap and etc. We try to leave nothing behind. Some of the initial research and help further on comes from our community, which we are very grateful to, and eventually we manage to build up a more or less coherent picture of the project. But who gets to be the chosen one?
Keep in mind that we do not claim to be financial experts, and nothing we write or post can be considered as financial advice and in fact it should not be. We always encourage you to DYOR (do your own research) and make decisions for yourself.
Projects that we choose are the ones we like the most: it is a combination of the idea of the project and all the factors discovered during due diligence process. Those are the projects that we would participate in ourselves.
Who is WE?
The team behind the research is a core of the community that has been in the field for a long time, around 40 people at the moment. Our community is also very active and this synergetic interaction of hundreds of people produces what you see and enjoy (hopefully!) every day.
But sometimes it happens that a project is not listed.
It does not mean it is a scam or there is anything very wrong with it, no. We might have simply not seen anything particularly interesting in it, or maybe the idea looked good but we did not believe in the team. There can be multiple factors here. If we are talking numbers, in the first 3 weeks of February our research team looked at around 650 ICO’s. Only 30 projects (4.5% of total amount) we deemed interesting — and most of them were still in the sandbox. Sandbox can be described as new, low hype or low trust — yet promising and interesting projects.
Now let’s get to interest levels.
There are a lot of unrated projects on the website, it is simply impossible to give an appropriate rating to those projects. Maybe because the idea is new and there are no statistics on the performance of this field in the past, maybe the team is good but not really all-star, maybe the project idea itself is not that intriguing to us… We do not believe in percentage-ratings for every project, because we analyse everything case-by-case. Giving a certain percentage does not often represent the complete picture.
What are interest levels based on and what do they mean?
An interest level is a combination of three factors: social media ‘hype’, risk rate and ROI rate. The first one is quite simple — social statistics that you can even
find on our website. This factor has been getting less important. Rather it is better to say that we look at it differently now (not just blindly stare at the numbers), but we do still pay attention to it. Risk rate is the number of red flags and their severity — maybe some of the developers had questionable working careers, maybe there have been some shady rumours about the project and etc. The less negative factors there are, the lower risk rate is, and vice-versa. ROI rate — simple, these are statistics based on the performance of the competitors, namely how projects in the same or similar field performed in the past.
These are the three fundamentals behind interest levels, but we approach every ICO on a case-by-case basis, so there is always some discrepancy. And here is an important note: interest levels do not indicate our belief in the project, the percentage of the portfolio we allocate to it or anything regarding the finances: it is literally our INTEREST in a project.
How to get listed on ICODrops?
Now some information to projects that would like to get listed on ICODrops — a step-by-step guide on how it is done.
Go to the
submission form and fill in the information
Done
This is literally how it works. We always review projects independently, and there is nothing you can do, pay, threaten (it has happened multiple times actually) to make us list your project if we do not find it interesting.
How long does it take to review a project?
A week is usually enough, but sometimes it can take a bit more time. However, if after two weeks you still do not see your project on ICODrops, then most likely it was not chosen. Sorry for that and we wish you the best of luck with your project!
Do we re-review projects?
Yes, we do constantly keep an eye on the projects that we are not sure about, so do not stop developing and progressing. And under extreme circumstances, for example, if Vitalik Buterin joins your team, you can let us know — find us on Telegram then (you can
message this guy).
ICODrops listing is free and has always been free. There is no paid or premium listing. If anyone sends you an email or offers a place on the website for money — it is a scam.
There is no hidden marketing in any social media of ICODrops, except the obvious pinned projects on the main page (in yellow) — and even those have to be approved. Here is
how to get there.
ICODROPS.COM is the only official domain, all variations with tech, org, net and so on are scam.
There are a lot of tools you can find on the website: a calendar with all upcoming ICO events adjusted to your time zone, social statistics on projects, open whitelists and etc. Simply scroll down on the
main page. Till next time!
Thank you for choosing ICO Drops!
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