ICO's nowadays are number one money making system if you know how to make money from cryptocurrencies.
I myself investing on ICO's and they even returned me 10x of my investment. by the number of return you know how crazy the profit is!! But there is the question if the ICO' didn't hit exchange and didn't pass the test for exchange or simply the project is scam what will happen? The answer to the question is you loss your all money which you invested on the ICO. That is the truth about the ICO. So rude right?
Here is a solution,
1) Always invest what amount you afford to loss.
2) Do your own research about the coin before investment (don't listen anyone blindly because he
may also missing the key info)
3) Get to know about the project and know what will be the use of this token.
4) Always read the whitepapper and read Road map of the coin/token.
5) Follow them on social medias like twitter/facebook and on Telegram chat. I mean whole over the
Internet and collect peoples thoughts about the ICO.
That's it, you now know the basics of how to research about any ICO's.
Always try to find your own way to justify any ICO.
Upvote,Re-steem and follow and reply your own strategy so that we each other will learn new tips and strategy about selecting new ICO's.
THANKS for reading through.
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I totally agree with you that picking a good ICO is not easy. Gone are the days when any ICO will jump 10x or more. Nowadays we have to be picky when we choose the ICO to invest in.
I would like to add a few ideas into how to pick a good ICO on top of your solution.
6. Invest in ICO which are building solutions/platforms/business that are relevant to the blockchain; not ICO that are merely using ICO as a funding mechanism.
7. Look for team members who have a strong crypto background or have been involved in past ICO successes.
8. Look for advisors who are reputable in the crypto world.
9. Most importantly, look for ICO that have a hardcap of less than 40mil.
These are just some criteria that i used on top of what you mention to choose ICO.
I find that success begets success and teams with members that have previous success tend to be able to attract more investors. And I also find that ICO that have huge ambitious targets.. especially above $50mil, tend to not reach their targets. But of course there are some exceptions. So unless the ICO has some strong backing from VC or reputable big private investors, I will tend to stay away.