The crucial thing to check before investing in any ICO is the TOKEN’S CHARACTERISTICS. Take a thorough look at the token distribution: how many tokens go to investors and how many tokens are kept for the team. A high token distribution to the team members say, 50% of tokens, is suspicious. The token’s model is another consideration. A utility token is used in the project’s ecosystem (profit!) and is not considered an asset. And you don’t want the Securities and Exchange Commission to come chasing after you, do you?
What else is important? THE MAIN BUSINESS IDEA! It has to be economically feasible, logical, and attractive. To achieve their goals, the team should clearly define what would be done during each stage of the project. An adequate and logical roadmap is crucial because investors want to know the plans and vision of the company before funding their project.
The idea is not enough. Developing an MVP is important because it validates that the team is working on the product and not going to skip town right after raising some money. A strong track record of PREVIOUS PROJECTS would also be very nice.
Understanding who is on THE TEAM behind an ICO project is perhaps one of the most important steps in your due diligence. Why so? Half of the project’s success depends on the team. Hard-working and dedicated team members do their best to deliver the best product possible. It’s great to know that the project’s founders are well-educated and are capable of running a business you’ve chosen to invest in. Another thing worth paying attention to is the team’s openness and publicity. Scammers love using fake identities — make sure the team is open, and you can easily reach them through social media. These small things create TRUST between investors and the team.
We know it’s not the funniest part, but do check the project’s WHITEPAPER. Read it from cover to cover. That’s actually the thing that would normally consist of all the points mentioned above: use its Contents page as your checklist.
Finally, don’t forget about YOURSELF. Take the time and do some research on the market. Be safe in this turbulent initial coin offering space!
INCODIUMAt the heart of
Incodium – a decentralized application (DApp) developed based on Ethereum with smart contract technology to provide exchange hacking protection – is the Incodium Wallet app, a personal mobile application that securely stores Incodium coins owned by individuals. The wallet communicates and interacts with the blockchain via the Ethereum Virtual Machine (EVM) as well as the
Incodium API & ABI. By storing Incodium coins in the wallet, “smart compensation protection” automatically takes effect, and can be executed without the need for any intermediary.
If a user holds Incodium coin in the
Incodium Mobile Wallet and is the victim of an exchange hacking incident (an exchange where
Incodium coin is listed), the user will be reimbursed in
Incodium coin with the lowest of the following three values: 30 times the amount of
Incodium coin held in the
Incodium Mobile Wallet, the amount of actual damages or 10,000 USD.
The
Incodium connectivity platform is a revenue model for
Incodium as well as an exclusive offering provided to INCO coin holders. It is accessible through the
Incodium Mobile Wallet App. The ecosystem helps to sustain hacking damage compensation services and provides INCO coin holders access to various utility functions.
For More Information visit:
https://incodium.io/Official Facebook:
https://www.facebook.com/Incodium/Official Medium Page:
https://medium.com/@incodiummateOfficial Telegram Channel:
https://t.me/incodiumOfficial Twitter:
https://twitter.com/Incodium_DanielOfficial Reddit:
https://www.reddit.com/user/INCOmatehttps://listofico.com/icos/incodium