Topic: How to analyze an ICO? - page 4. (Read 713 times)
At first i check whitepaper and what problem they want to solve, than team in social media (linkedin) , than listing on exchanges and how much money people have invested in this project
- ICO information: Information about the actual ICO should be clear and available. The start and end dates of the first and the last trading session, how individuals can participate in the crowdsale and which currencies are accepted, the countdown time / at the end of each session and the price of each token, all of which can help investors be more confident to make their own guesses.
I think that availability and transparency of the information is one of the most important factors. When we look at ICO if information is not available or not clear it is most probably scam project. So at first we should look at info provided, and if there is enough info, than we can go and look at other things I think.
I would add one more requirement: the team should has a smart contract on the github for public view.
Research of smart contract`s code is very important too
Research of smart contract`s code is very important too
Nice list, I would add some things myself, but this would definitively get you started. Sometimes, a little hype is all you need and even the lesser projects pump hard.
1. The most effective way is to create an evaluation system based on some of the key success indicators of the ICO
- The research team: It is important to have a profile of the team members to reach them and the amount of information about each individual should be fully disclosed. Displaying images yourself and linking to external professional sites like LinkedIn will help build credibility and credibility for investors.
- ICO information: Information about the actual ICO should be clear and available. The start and end dates of the first and the last trading session, how individuals can participate in the crowdsale and which currencies are accepted, the countdown time / at the end of each session and the price of each token, all of which can help investors be more confident to make their own guesses.
- Vision: Different milestones that the company wishes to achieve and plans for achieving them, more detailed information about team members and how to use the technical code.
2. MVP (Minimum Viable Product)
- In general, it is a prototype, alpha or beta version of the product in the future. It is used to review customer feedback and make changes in the project. MVP is not very popular in the virtual currency industry, but it will definitely increase investor confidence in the product.
3. Tracking information to the media
- With so many ICO projects on the market, it is important that individual projects draw a lot of attention to their products. . The best way to gauge attraction is through the company's marketing efforts.
4. Listen to the opinions of experts
- One of the most important factors to consider when evaluating ICOs is the opinion of experts in the digital money world. They will look at the same standard but from different angles. Groups with cryptocurrency experience are generally more highly valued than those who are new to the industry.
if you want to analyze an ico you should read all infos about their ico sale and yheir projects becase it would be confusing if you join ico without knowing how it works - The research team: It is important to have a profile of the team members to reach them and the amount of information about each individual should be fully disclosed. Displaying images yourself and linking to external professional sites like LinkedIn will help build credibility and credibility for investors.
- ICO information: Information about the actual ICO should be clear and available. The start and end dates of the first and the last trading session, how individuals can participate in the crowdsale and which currencies are accepted, the countdown time / at the end of each session and the price of each token, all of which can help investors be more confident to make their own guesses.
- Vision: Different milestones that the company wishes to achieve and plans for achieving them, more detailed information about team members and how to use the technical code.
2. MVP (Minimum Viable Product)
- In general, it is a prototype, alpha or beta version of the product in the future. It is used to review customer feedback and make changes in the project. MVP is not very popular in the virtual currency industry, but it will definitely increase investor confidence in the product.
3. Tracking information to the media
- With so many ICO projects on the market, it is important that individual projects draw a lot of attention to their products. . The best way to gauge attraction is through the company's marketing efforts.
4. Listen to the opinions of experts
- One of the most important factors to consider when evaluating ICOs is the opinion of experts in the digital money world. They will look at the same standard but from different angles. Groups with cryptocurrency experience are generally more highly valued than those who are new to the industry.
The team members of the project is the most important aspect. It is better to learn the information about them and their previous projects if possible.
Most of the time, evaluating an ICO project depends only on whether the team is good enough.
Because an excellent team is the key to the success of the ICO project.
Yes, you are right, the team really plays a very big role in whether a successful project will be successful. You always have to watch who is in the team and how professional these people are. You also need to be careful not to fall into the hands of scammers! Because an excellent team is the key to the success of the ICO project.
My way of analizing some ICO`s are reading there white paper and what there tokens capable and something that would be a good token to invest for. And I also looking for there road map with this I can monitor when it will reached it`s peak to be a desirable token to everyone.
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HOW TO ANALYZE ICO, EXPLAINED
Jan 23, 2018 | ICO Guides | 0 comments
How to Analyze ICO, Explained
HOW TO ANALYZE ICO, EXPLAINED
Are you interested in ICO, but not sure where to start? Don’t worry. We’re here to help. Here is your step-by-step guide on how to analyze ICO.
As blockchain tech becomes more popular, startups have new ways to attract venture capital. You’ve probably heard of Initial Coin Offerings (ICO). During an ICO, companies offer tokens (cryptocurrency) to interested investors. These tokens sales then help to finance a company’s project.
ICOs are different than buying a stock share in a company. This is because rights will vary from one ICO to the next. In most cases, the investor is entitled to more tokens and a share in the profit. This individual information can be found in your project’s whitepaper.
1- Firstly, visit the official website to see how it is? Does it provide enough information (essential information, including: Roadmap, Whitepaper, The Team (with Linkedin profile)...)
If you pay money to experts then can come up with a very good site and no one can suspect. Similarly roadmap, whitepaper they can prepare very nice.
But the only thing is we need to know who is on the team.
2- Check the whitepaper very carefully to understand their main idea, their product
Again idea can be good but they need a strong team to implement those ideas without any issues. So people behind the project is very important.
3- Listen what the community talking about them (Facebook, Twitter, bitcointalk and some trusted ICO reviewer)
These days there are a lot of paid reviews are available everywhere so it is quite hard to trust the information.
I totally agreed to what you said, I also ALWAYS look at the team plus from which country the ICO is also very important factor, Team members profiles on LinkedIn and their expertise and experience in the field also counts.
The team is more important because they are the one who will implement the idea of the project. If a certain project has a solid team, which you think has a good reputation, it would be easy for them to market the product and the project will easily grow.
I agree completely with your point recent two ICO's is given profit for investors Ontology and Credits . Ontlogy used startegy same as TRX by airdropping coins to Exchange and NEO holders . So most people go to know about this coin .
Credits much hyped even russian community announce early scam exit even project given real profit for investors . Solution looks like bit complex even people believed still trading in good ammount in bearish market .
Now very few coins working based on transactional value inside eco system . Other all coins or tokens value deciding based on marketing strategy and Good newses . I could say instead investing on ICO 'S choose good coins wait for big god news .
Credits much hyped even russian community announce early scam exit even project given real profit for investors . Solution looks like bit complex even people believed still trading in good ammount in bearish market .
Now very few coins working based on transactional value inside eco system . Other all coins or tokens value deciding based on marketing strategy and Good newses . I could say instead investing on ICO 'S choose good coins wait for big god news .
It is better analyze before investment.
I totally agreed to what you said, I also ALWAYS look at the team plus from which country the ICO is also very important factor, Team members profiles on LinkedIn and their expertise and experience in the field also counts.
I so analyze ICO.
I look at team, I read White Paper, I look at adequacy of the idea generally.
On the basis of these data I draw conclusions about prospects of the project.
I look at team, I read White Paper, I look at adequacy of the idea generally.
On the basis of these data I draw conclusions about prospects of the project.
Analyzing and evaluating an ICO can be difficult, but with some time and effort, you should be able to get a grasp for what the project is aiming to do, the problem it currently solves, and the future growth it could achieve. There are many different factors in how you should evaluate an ICO. Reading through the Whitepaper should always be the priority. The White Paper is the ICO’s reason for existence. They should lay their entire business model out, including what’s been done, who is working on the project, how they plan to implement the project, what will be done in the future, how the ICO is structured, and what the money will be used for that is raised. If you read through a white paper, and find it to be interesting…remember to ask yourself the question.
Does this project/idea/service need to be done on the blockchain, and does it need a new cryptocurrency for it work?
Is the answer yes?
Great! You’ve found an ICO that looks promising, now it’s time to join their community. One of the steps many investors fail to take is they don’t ask questions. Before investing in an ICO try to join a slack or telegram channel and communicate with people on the team. Is the team approachable? Do they answer questions in a timely manner? Are they taking feedback and giving updates on progress? ICOs that can’t communicate well with their community, and are not very transparent in their dealings should raise a red flag to any potential investor. Many of these companies are in the early stages of development. If they can’t communicate with the earliest of people interested in their idea…it likely will not get better if their community grows even larger.
Does this project/idea/service need to be done on the blockchain, and does it need a new cryptocurrency for it work?
Is the answer yes?
Great! You’ve found an ICO that looks promising, now it’s time to join their community. One of the steps many investors fail to take is they don’t ask questions. Before investing in an ICO try to join a slack or telegram channel and communicate with people on the team. Is the team approachable? Do they answer questions in a timely manner? Are they taking feedback and giving updates on progress? ICOs that can’t communicate well with their community, and are not very transparent in their dealings should raise a red flag to any potential investor. Many of these companies are in the early stages of development. If they can’t communicate with the earliest of people interested in their idea…it likely will not get better if their community grows even larger.
Some project scams investors. They make a fake profile. It's very difficult to determine it's real or fake if we aren't in their country.
Your analyzing is very good for the real ICO
Your analyzing is very good for the real ICO
So we need to have item 3, maybe in that country anyone know about the ICO that we do not know for example. It will limit many SCAM ICOs.
1. The most effective way is to create an evaluation system based on some of the key success indicators of the ICO
- The research team: It is important to have a profile of the team members to reach them and the amount of information about each individual should be fully disclosed. Displaying images yourself and linking to external professional sites like LinkedIn will help build credibility and credibility for investors.
- ICO information: Information about the actual ICO should be clear and available. The start and end dates of the first and the last trading session, how individuals can participate in the crowdsale and which currencies are accepted, the countdown time / at the end of each session and the price of each token, all of which can help investors be more confident to make their own guesses.
- Vision: Different milestones that the company wishes to achieve and plans for achieving them, more detailed information about team members and how to use the technical code.
2. MVP (Minimum Viable Product)
- In general, it is a prototype, alpha or beta version of the product in the future. It is used to review customer feedback and make changes in the project. MVP is not very popular in the virtual currency industry, but it will definitely increase investor confidence in the product.
3. Tracking information to the media
- With so many ICO projects on the market, it is important that individual projects draw a lot of attention to their products. . The best way to gauge attraction is through the company's marketing efforts.
4. Listen to the opinions of experts
- One of the most important factors to consider when evaluating ICOs is the opinion of experts in the digital money world. They will look at the same standard but from different angles. Groups with cryptocurrency experience are generally more highly valued than those who are new to the industry.
- The research team: It is important to have a profile of the team members to reach them and the amount of information about each individual should be fully disclosed. Displaying images yourself and linking to external professional sites like LinkedIn will help build credibility and credibility for investors.
- ICO information: Information about the actual ICO should be clear and available. The start and end dates of the first and the last trading session, how individuals can participate in the crowdsale and which currencies are accepted, the countdown time / at the end of each session and the price of each token, all of which can help investors be more confident to make their own guesses.
- Vision: Different milestones that the company wishes to achieve and plans for achieving them, more detailed information about team members and how to use the technical code.
2. MVP (Minimum Viable Product)
- In general, it is a prototype, alpha or beta version of the product in the future. It is used to review customer feedback and make changes in the project. MVP is not very popular in the virtual currency industry, but it will definitely increase investor confidence in the product.
3. Tracking information to the media
- With so many ICO projects on the market, it is important that individual projects draw a lot of attention to their products. . The best way to gauge attraction is through the company's marketing efforts.
4. Listen to the opinions of experts
- One of the most important factors to consider when evaluating ICOs is the opinion of experts in the digital money world. They will look at the same standard but from different angles. Groups with cryptocurrency experience are generally more highly valued than those who are new to the industry.
There is no perfect method to evaluate an ICO, but there are many factors that I usually consider before investing in any ICO project
1- Firstly, visit the official website to see how it is? Does it provide enough information (essential information, including: Roadmap, Whitepaper, The Team (with Linkedin profile)...)
2- Check the whitepaper very carefully to understand their main idea, their product
3- Listen what the community talking about them (Facebook, Twitter, bitcointalk and some trusted ICO reviewer)
4- The token sale details, token price, distribution... and Evaluate with my own experiences
firstly, the team of developers to look at the composition and check their work already done, secondly, the presence of the road map, to see its logic, thirdly, the remuneration for work should not be very large , it immediately suggests that who can lie and in the fourth communication with developers and ordinary people who also participated in the project
There are many ICO for fraud, which has a very bad impact on the password world. The current downturn in the market is mainly due to excessive ICO fraud, I think it is not a good time to invest in ICO, and wait for some countries' regulatory policies to look at the follow-up situation.
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