There has been an explosion of ICO's and because of this, it makes it harder to find a good project from a bad one. But it is like any investment, you just need to do your homework and really have a look around. Also I would pick a field that you are interested in. This is due to the fact that you might know how that specific industry is doing, and if this concept can really work.
I would look for these qualities :-
- Strong team - Both in development team and also the CEO's / marketing (People focus too much on the developers which is important but not everything. no point having a great team to create something, if nobody can advertise it and push the startup in the right direction.)
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?
Finally
- Good concept and catchy name - A good ethos and a name that makes them stand out. Personally i would avoid anything that is something "coin".
Personally i am looking at Crowdholding as it matches all the criteria i listed above and i am interested in their concept of co-creation. Also they are in their pre-sale so you can get a lot more tokens for you money, compared to ICO's.
https://ico.crowdholding.com/
Hope this helps you and happy investing!
Topic: How to invest in ICO? (Read 321 times)
How to invest and pick the best ICO?
1)Read their white paper. It should resonates with you. It should be well articulated and their plan should make sense. Don’t participate in an ICO because you think it’s cool. Understand where you put your feet
2)Best ICOS are well marketed. Sometimes too well. Go to Reddit and Github and find if the communities are excited. See if the founders are active on social media.
3)Try to find peers that are also excited by the ICO you re looking at. Don’t invest alone thinking you re a genius. You re not.
4)If they have a product find a demo or try it (for eg i tried CIVIC before doing to the ICO)
5) Learn: Try to find podcasts about the team to get excited about their project. Learn about the team. You need to be convinced they are good for the idea they are defending.
Hope it helps
1)Read their white paper. It should resonates with you. It should be well articulated and their plan should make sense. Don’t participate in an ICO because you think it’s cool. Understand where you put your feet
2)Best ICOS are well marketed. Sometimes too well. Go to Reddit and Github and find if the communities are excited. See if the founders are active on social media.
3)Try to find peers that are also excited by the ICO you re looking at. Don’t invest alone thinking you re a genius. You re not.
4)If they have a product find a demo or try it (for eg i tried CIVIC before doing to the ICO)
5) Learn: Try to find podcasts about the team to get excited about their project. Learn about the team. You need to be convinced they are good for the idea they are defending.
Hope it helps
The team - do your research on the team, what have they done in the past and how is that related to the current project.
The coin- what is the logic issuing the coin, what will be the use of the coin? what will make the value of the coin to rise (what will increase the demand)
The liquidity - when the coin will be traded, when will you get your coin.
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