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
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!