Topic: How to Evaluate a Potential ICO (Read 246 times)
After reading your post, I have gained a lot. In reality, there are indeed many ICO scams. I personally think that I must start with a white paper carefully reading the ICO project before investing, check the authenticity of the team, the legality of the ICO project, and carefully evaluate the ICO. The prospects of the project,
Thank you for the article you gave, it will help many members in choosing a potential ICO, it is true there are many new ICOs that are popping up but determining which potentials will be difficult, but if we are smart and know how to do it and do not it would be difficult to determine the potential ICO.
One more warning for most investors. Don't be fooled by sweet words.
When you are in telegram they mostly pm you with good features of the project but do not be hooked by it yet.
Control yourself and do your own research.
I have experience this once so I am just sharing.
Some of them are also fake admins and they could be using it for another scam. Better ask the official group if they had that username in their admin list.
When you are in telegram they mostly pm you with good features of the project but do not be hooked by it yet.
Control yourself and do your own research.
I have experience this once so I am just sharing.
Some of them are also fake admins and they could be using it for another scam. Better ask the official group if they had that username in their admin list.
Everything starts with the project’s whitepaper.
[/b]Examine the Team
- Must be verified if that team really exist.
- A solid team will be composed of members with verifiable industry experience, both in business and blockchain development.
- I tend to look for teams with blockchain experience or experience building an open source community or platform on a large scale.
- It’s important for the project to have achieved some milestone to demonstrate the ability to execute.
- A solid team will be composed of members with verifiable industry experience, both in business and blockchain development.
- I tend to look for teams with blockchain experience or experience building an open source community or platform on a large scale.
- It’s important for the project to have achieved some milestone to demonstrate the ability to execute.
All right, this is a good topic. Personally, I always check the team background.
But I only use Google to check it. Do you have any specific ways to check the team background?
If we are involved with a bounty hunter of an ico project, we will really read the project what they are opening, because we are assuring you of a real ICO, and a project pointed out if ico is in a fixed place or no, and most of all we need to check a whiteboard of ico and read it carefully so we better understand it, not at all this time it leaves, it depends on what their team will do and will do, ico is a good one to sell her coins so it's more dependent on ourselves, for me it would be preferable if the old ico or ico choice would be easier, if any problem depends on the ico's gift which it defines .
I think most important is smart contract, if i can look into etherscan and see tokens and how much they sold then its solid project, if they hide this,then i skip.
Everything starts with the project’s whitepaper.
[/b]Examine the Team
- Must be verified if that team really exist.
- A solid team will be composed of members with verifiable industry experience, both in business and blockchain development.
- I tend to look for teams with blockchain experience or experience building an open source community or platform on a large scale.
- It’s important for the project to have achieved some milestone to demonstrate the ability to execute.
- A solid team will be composed of members with verifiable industry experience, both in business and blockchain development.
- I tend to look for teams with blockchain experience or experience building an open source community or platform on a large scale.
- It’s important for the project to have achieved some milestone to demonstrate the ability to execute.
The project must compliant with the law
- Ask for legal opinions clarifying the token’s nature.
- ICO’s token may be considered a financial instrument and could thus be subject to financial regulation.
- ICO’s token may be considered a financial instrument and could thus be subject to financial regulation.
Evaluate ICO’s market potential
- Analyze the entire plan, especially whitepaper as the project’s core document.
- Compare it with similar projects and determine what makes it so different from others, both positively and negatively.
- Never trust developers who promise you a huge return on investments. They probably just want to take the money and run away.
- Compare it with similar projects and determine what makes it so different from others, both positively and negatively.
- Never trust developers who promise you a huge return on investments. They probably just want to take the money and run away.
ICO campaign has a different purposes, you need to learn how to recognize the ones that really have market potential
I HOPE THIS WILL HELP
Well done mate. I hope it is effective to you that's why you sheared this with us. I also hope that it will give me more critical analysis to deal the market and the world of crypto.
It's also important to note that we shouldn't trust ICO ratings explicitly and only use it as a basis for our criteria since most of these ICO rating sites are being paid to advertise ICO projects under the guise of rating them.
It is important to check the real identity of all the persons behind in a certain project cause it happens that scammers might used other profile which isn't a part of their team. If we find out that they are legit then lets proceed to their platforms and the used of this project if it will have a huge contribution into the community. We really spend time for that to be sure if that is legit or not, and to avoid from being fooled with the scammers.
Thanks a lot for sharing the processes of evaluating a potential ICO. I needed that badly. Can't thank you enough for the post.
This post is really nice as well as helpful too and this is so delightful much obliged for the post and I think I concur with what you composed. I am the sort that doesn't confide in this new designer since they will guarantee a certain something and do its inverse. Such post will help the people to be safe from being fraud.
I think checking the ICO rating will save you time.
Sadly lots of scam had high rating, so I wouldn't trust that much those rating tools...
Even some of the best looking ICOs turned out to be scams. All this stuff can be very convincing and deceiving. The true intelligent scammers have gotten away with so much money in the past year, it is ridiculous. With your technique though you can at least weed out the low effort scammers that take team pics from google images.
You can add Partners of the project. Partners of the project are very important because they are going to be users of the coins/tokens of the project. Thus it will gain investors trust.
Good partnerships can help a project to reach their target. In the latest week have Safehaven project announced a partnership with Vechain. After this great partnership I think that they can easily hit their hard cap to develop the project.
Investment are subject to market risk. If you are in for some serious crypto investments then you should thoroughly do research on parameters like the official website, whitepaper, the core team and the ICOs social media presence and pleasantries. If you are looking for some solid investment and good returns, then I would suggest DAKUCE.
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You can also check out their official website: https://dakuce.com/
Dakuce is an advanced cryptocurrency exchange that is dedicatedly involved in creating and implementing solutions for higher importance to the global cryptocurrency market with absolute priority. It is claiming to be the most powerful and secured cryptocurrency exchange which has the capability of processing millions of transactions per second! If you are expecting good returns with discounted trading fees on real market rates then DAKUCE is highly recommended.
You can also check out their official website: https://dakuce.com/
Thanks a lot for this informative post. I totally agree with you. There are a lot of project but this will help to find out the good one.
checks for the team are indeed very important. and even that is a lot of forgotten people is about how checking the whitepaper that they have. though simple many people dismiss whitepaper. regarding legal entities, I have not encountered such a thing here.
I think it's a few good points but there are many other important things to consider! I wrote a thread about this before, if anyone reads here in the thread maybe they'll benefit from reading my thread aswell, it's too much text to just paste it all here, so the link is: here.
analysing icos properly really brings down the risk level so it's important to do it well!
analysing icos properly really brings down the risk level so it's important to do it well!
I agree with you, the first thing I do to evaluate ico is by checking their team, if their team is in trouble, ICO will not run as you want, I will check their team members, view their profile and check the work experience of the members team at Linkedin, then I will see the potential of ico in the future.
First, whether the code is open source.
Second, whether the technical route and the white paper are reasonable.
Third, whether the project team is strong enough.
Second, whether the technical route and the white paper are reasonable.
Third, whether the project team is strong enough.
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