Topic: HOW TO CHOOSE AN ICO TO PARTICIPATE IN? - page 3. (Read 398 times)

Yes, I definitely agree with you because these are very important things to look out for before investing in an ico. These are important factors that determines the success of a project and you should also check the community, the manager with his past history before investing in the project.

High-quality ico needs to see the team and whether there is a mark-to-market management team, both of which are equally important, otherwise it is easy to cause losses.

You need to read the whitepaper first.
Secondly you need to check if the founder and the team are legitimate.
You need to check at the roadmap to see if the project have a focus.

Take my advice as a guide to verifying any ICO:
1. On preico, the team must have a contract for automatic transfer of funds with prescribed conditions for early investors - not handles like many do, namely those prescribed in the smart contract - otherwise the collected funds can simply enrich the funders or conditions will change during the play - cases of lots.
2. The contract for preIOO should be part of a large ICO contract - not by different coins - it is not safe in terms of vulnerabilities and withdrawals.
3. The contract for preIOO and then the ICO should be registered lower and upper barrier - if this is not the team does not know what it wants - just a scam.
4. The contract for ICO should be escrow of the funds received as a result of placement - it can be a frieze or multisec with a voting condition. This will give you a guarantee against the expenditure of funds earlier than the team completed the previous stage.
5. In the contract, an unconditional refund should be prescribed in the event that the lower limit of the collected pool is not reached. It is in the contract and not in the white book, if it is not - scum.
6. All contracts must be posted on GithHub, this will enable third-party developers to check the contract for the vulnerability if the team has not taken care and before the ICO has not posted a bounty on the vulnerability.
7. The contract must specify the conditions for the team and for the bounty.
8. The contract must specify the conditions for not traded tokens - with clearly defined deadlines.

I think there are some things to consider when wanting to participate in ICO. The first thing to look at is the roadmap, the second being the team.
Such topics are very useful and I think this kind of discussion needs to be discussed here.

If you are new to ICOs then its safer for you not to consider them as of the moment.

If you are mostly worried about being scammed, don't put yourself into a place where you are not familiar with.

There are actually some basic tips that may be more advantageous even if its small than without it. I would recommend reading from ICO rating sites, I know that some of the ICOs rated there are just paying, but it actually helps the popularity of the ICO so its a step ahead from its competitors. Just be careful though, not all of those rated in ICO rating are legit.

You should focus on the the development progress. As far as i know that the reliable ico will be created a sense whitepaper, i can tell you about some examples of icos which have developing a fully working product.
Zilliqa and ONT both of projects are focusing to build a fully working product. You can try to take a look on the buddy project to and you can to analyze the product that will be created by buddy project.
Never try to consider ico as an invesment and it's really wrong. try to consider how good the ico is based on their development progress and technical things.

the most important factor is the idea of the project. This should be used appropriately in using blockchain, not just some ideas that did not work in the past, and now looks good for use in blockchain.

uhhh ,,, i would like to contribute some comments as follows:
5 factors needed to test any ICO:
-1: website: whether the website is finalized, whether the site is secure or not
-2: Team development: who they are, with full profiles on Linkedin or not
-3: Roadmap: The project has a vision and direction to develop
-4: Of course, it is necessary to find out what the idea of the project is to develop in what field, in the future it can develop or not.
-5: Vote rate: If you do not have ICO assessment skills, please refer to evaluation sites like ICObench, TrakingICO.

yes you are right to define an ico we have to do some research and some information manually, i mean we have to do it ourselves and not depend on the opinions of others because if you lose money then you don't blame others

In choosing an ICO that I'm keen on investing, I read at least the summary of the whitepaper, I also check their ICO ratings (at least 3 different sites), Join their diferent social media platforms and ask questions regarding the project on telegram. You can check on GstarAI - A platform that empowers the masses to trade on level ground with professionals. They already reach the hardcap of the presale. You can visit their website at https://gstar.ai to know more about the product and their incoming public sale.

There is no need to ask about such things, because many people are not as honest as you think, you do not need to fall for the opinions of others, so that later you are considered guilty for the loss of your deposit. You make a decision and you are responsible for it.

These are the things I look out for.

-If the founder and teams are legitimate.

-If the founder seems like a visionary and knows what he/she is talking about.

-If the projects seems feasible and or legitimate.

I think that those things are the foundations of a good ICO. However I kind of rely on ICO rating sites and bounty sites to do the job for me.

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What are the factors to consider when participating in an ICO? I know this is subjective and depends on what kind of risk taker you are but if you are to list down the 5 most important factors, what will they be?

I think this can also help other people who are new to ICO to be more selective in where they invest and protect themselves from being scammed.