Hi guys, there are so many ICOs, such as those listed in
https://www.coinschedule.com. It's pretty hard to review them one by one.
Which elements I need to consider, the team? the product? the promoting technology? or something else?
Thanks for any suggestions
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One of the key factors to look for when deciding to invest in an ICO is the team. Trust in the team’s competency is a vital factor because (lets face it!) there are no guarantees for a return on your investment or fraud protection.
The first step I take when looking into a team is heading directly to the ICO’s website. To illustrate my example, I will take you through the team for TravelerToken (Travelertoken ICO - the cryptocurrency for Travel industry).
Clearly shown at the top of the website is a “team” section. If you are looking through an ICO’s website and they make no mention of their team, I advise you not to invest and leave the website immediately.
I like to look for a team that has experience in both crypto and the industry sector the ICO will be operating in. So for Travelertoken, I am looking for members of the team that have experience in tech, crypto/blockchain, or tourism/travel/hospitality.
One vote of confidence from this particular site is that it gives me direct links to the team member’s LinkedIn pages, email addresses and a short bios on their past experience. I see that the CEO, Thorben Biesenbach, has owned multiple businesses including some of which in the tourism industry. Next, I clicked on his LinkedIn link to double check that the same information in his bio is available on his LinkedIn. Lastly I do a quick google search on him to see if any major scandal pops up. For example if there was an article that accused Biesenbach of shady business practices I would probably shy away from investing in the ICO. Fortunately, Biesenbach and the rest of his team came up clean.
I repeat these same steps through the rest of the team. Pretty much what I am looking for here is confirmation that they are who they say that they are and they have some of expertise that could ad to the team.
From my quick search I see that they have multiple people with over 20 years experience in the travel industry, which is a positive sign. The team also includes people with programing, tech and entrepreneurial backgrounds.
The combination of the team’s skills meets my standards and I would consider investing in this particular ICO.
Hope I could help!