Topic: 📌How to invest in ICO more safely? Checklist📌 (Read 1518 times)

Been a long time since this post was made still it still carry much vital information and great tips on how to go about crypto currency, I particular like the section where ICO investing was analysed, i am giving thumps up to the creator of the thread

First of all, we must understand that any investment is risky. It is also risky to invest in ICO. In addition, it is necessary to spend more time to learn relevant knowledge and relevant information (white paper of ICO project, road map, work team, etc.), which is safe. Investment is very helpful

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This interesting topic. I think every new ICO investors should read this advice.
Nowadays, a lot of ICO project selling a garbage. So, this topic could help us to avoid scam ICO.

I think that now there is no need to invest in the ICO. It's too dangerous at the moment. The market of crypto-currencies has not recovered after the strongest correction.
It is very difficult for projects to attract enough funds. I'm better will waiting for a more favorable moment for investment, when the market is fully recovered and will go into growth again.

Before investing you have one thing is conform in your mind and good for newbie that is the impact of bitcoin to other coins and before start trading you must follow this thing that in which strategy you have made in different market situations,

Thanks for this link, friend. But now the cryptocurrency market is in a deep correction and it's quite dangerous and unprofitable to invest in ICO now. A lot of scam. Many projects that can't even collect softcap. A lot of ICO with bad ideas and disgusting business models that certainly will not work. Before investing in ICO, I would wait until the market is restored.

Initial Coin Offerings - Everything is important. To check developers team and read their history should be kept as the first priority. If you did not find any type of history or team - stay awake, do not invest in this project. Also, it is important to check registration address and documentation (whitepaper (most important) and roadmap). Sometimes, even a bounty manager or person who represent project on bitcointalk forum can provide enough indication about the ICO.

I've found out an interesting article "what to look before investing in ICO" for beginners - https://cointopper.com/guides/ico-investment-what-to-look-for-before-investing-in-icos-initial-coin-offerings

Many thanks for the feedback about my article, friend! I'm glad you found it useful.

Concerning the translation into Indonesian - you can translate my article, but indicate in it please the reference to the source (link to this thread).
Write me when the translation will be ready.

But you should hurry - today I received a personal message in which another member of the community asked for permission to translate my article into Indonesian like you.

Great checklist! btw u should publish it also on Medium or similar so its more easy to share and also save as article for later reference!

Here the good article:
Study the project team
It’s essential to evaluate the project team. Are they hiding their real names? Can you find their profiles on social media? Do they have technical experience? Are they strong in marketing and do they have experience in large projects? Consider if they can not only attract investments but build a change resistant business.

Check website addresses, email addresses, and social media accounts
Before investing in an ICO, double check that you are on the official site. Scammers can copy a legitimate ICO website and steal funds. They not only copy and crack websites but social media accounts and email addresses as well. Don’t trust private messages on Slack, because it’s one of the most favorited platforms by scammers.

Check the project’s website design
Scammers don’t really put a lot of effort and generally try to save money on designers and developers. If a project’s website doesn’t look presentable, consider that an extra reason to contemplate as to whether or not you should invest. Projects with high success rates always spend a lot on their design.

Carefully read the Whitepaper
Read the entire whitepaper. There absolutely must be a project roadmap, information about what gathered funds would be used for, how tokens will be used, and information about the team and project advisors. Make sure that you are satisfied with everything. If something isn’t clear, clarify it with the developers. As a rule, scammers either don’t answer questions at all or answer rarely and in a vague manner.

The startup should not be limited by a narrow niche or one region
If a project is tied to some specific region, then it starts to depend on the actions of government regulators. Additionally, if the project is targeting a very narrow niche, then the disappearance of that niche will lead to the project’s failure.
A project must target a global audience and strive towards decentralization. A great practice is to invest in ICO startups which add something to the development of the Blockchain ecosystem. Because your Investments will grow in synch with the crypto industry.

Be cautious towards projects from a real sector of the economy
Currently, it’s ill-advised to invest through ICOs to the construction of factories, automobiles, raw materials, farming, and etc. As a rule of thumb, these projects have serious competition with huge budgets – and the chance of success for these ICOs is insignificantly small. Additionally, there is no sufficient legal basis for the interaction between crypto economies and real sector in existence.

You shouldn’t invest in crypto assets that are tied to real estate, gold, and other physical assets. Even in the case of fortunate circumstances, expected earnings from these investments are too low to justify the risks.

In the USA, one of the first cases of fraud involving an ICO occurred when two companies, Diamond Reserve Club World and REcoin Group Foundation, acquired funds to work with diamonds and real estate. Developers didn’t even begin fulfilling their obligations, and no work was done at all.

Learn from those who have already invested in an ICO
Search for information pertaining to large crypto funds investing in startups that interest you. If large investors trusted an ICO with their resources, that means that their analysts already carried out some full-blown research and came to the conclusion that the project in question has some promise, and that the team can be trusted.

What do people write about the project online?
Read reviews and discussions on popular forums and media outlets like Bitcointalk and Reddit. On large forums, developers frequently participate in discussions, and a lot of questions that investors may have, are commonly discussed.

Evaluate if the tokens are promising
As an investor, it’s favorable to you if the token price continually increases, it’s essential to understand what kind of value tokens will have after an ICO. Figure out how the tokens will be used in the project, will there really be in demand? Are there reasons for as to why the demand for the projects tokens should grow?

Check if whether or not there will be more tokens released post-ICO. If yes then the developers need to substantiate as to why they plan on issuing more tokens in the future, and how they will protect the tokens from inflation.

Seek out the assistance of professionals
Professional advisors and analysts do offer services. They independently research the ICO for reliability and provide you with protection from the majority of scammers. Additionally, crypto funds and traders, that can carry out investments in the interests of their clients exist.

The only drawback here is that you might have to check their competency, and the services of professional advisers and cryptofunds are only accessible by large investors.

Use platforms for safe investments
We offer our project Safinus, which is getting ready to enter its pre-ICO, with the idea of ensuring secure investments in ICOs and cryptocurrencies.

We are creating a system where experienced investors, traders, and cryptofunds will create investment portfolios, the profitability of these portfolios will be verified through the Blockchain.

Beginner investors will be able to chose a suitably profitable portfolio from the rating system and invest in it with just $100. No research or even an understanding of the cryptoindustry is needed to do so.

ICOs will be added to the exchange only after receiving an approval from the community of professionals via a vote, which will provide insurance and protection from dishonest market participants.

Conclusion
The crypto market is young and not yet regulated, thus, the investors of today need to be extra cautious in order to stay safe from high risks. However, the cryptoindustry is growing, and the market is developing alongside with it, new services and tools for regulating the market and protecting it from scammers are appearing.

The Blockchain ecosystem will gradually create an immune system against dishonest community participants. Not only the market will strengthen, but the flow of ICO investments will go towards actually useful cryptoindustry projects, and investors will be able to earn more with greater security.

Back in the early autumn, this approach worked, but now before investing you need to conduct a much deeper analysis of the project.
I have not invested anywhere for some time, because I could not find a worthy project. The market is still not recovered, and scammers with each month more and more.

Well, actually to begin to examine the project site, then we'll see who the developers are and whether these people are in reality( can watch on social networks for example) Next, carefully read the white paper, and then can make a conclusion and write it here. My simple solution to find a good ICO project.

Thank you for reading, i hope that my checklist will be useful for you.
I have already reviewed this project and it did not arouse my confidence. I would not invest in this ICO. Of course, you can conduct an independent analysis of the project and you may have a different opinion.
Thank you for feedback!
I like this project, the idea and the team. I think that these guys are well-trained in business and really know their industry. But I have some doubts about their marketing - they could do more.
How many investments have they already collected?

Hello Ranyar! I see you are very well versed in ICO. I want to ask. There is an interesting project: Gymrewards. It has a very large pool for bounty and the project is interesting, but I have doubts. What do you think of him? https://gymrewards.io

Icon near the computer to put candles and light:) in General, any investment in the ICO project is a risk, that's just what it is more and in some less.

thanks for all the good tips, comes in handy as i want to invest in some altcoins. i want to be carefull and not throw my money away because there are good looking projects without a backup!

There is new problem appears lately. To find at least one good solid project to invest or participate to bounty campaign.
I'm glad to introduce one of such projects: bitnautic.io international shipping platform.

If You wandering for a reliable investment project or fair bounty campaign please  consider to check out this thread or link above.