How to really judge the potential of an ICO

yudif

jr. member

Activity: 50

Merit: 1

Quote from: mak2017 on May 08, 2018, 01:36:08 AM

There are some key facts that you should look in ICO:

Team and their experience (members should have public profiles on linkedin)
Publicity of the Team (how freely they communicate, answer questions about project etc.
Advisors if any (always a good idea to contact this person yourself to be sure that he is really advising particular project
Check when the project website is created, and registered (also a quick method to suspect a scam project)
Idea of the project (try to evaluate value of project by yourself, what perspectives it has, or is it just hype)

The list could go on and on, but this are the main criteria which i use to look for ICO with potential.

Most of these can be faked so, do a proper check in all.

1) In linkedin, try to send messages to all the members and see if they reply. If you do not get any reply, those profile may be fake.

2) Regarding website or domain age, the project can easily buy a old domain and build a website on it. Even if they create the website a month before, you will see registration date as 4 or 5 years before. Proper way to check this is through wayback machine which allows you to check how the website exactly looked in the past.

ElliottHe

full member

Activity: 152

Merit: 100

Unless you know everything in detail, there won't be any real judgement as the foundation on which the judgement is based is not solid.

RNGfight

member

Activity: 196

Merit: 10

Open and Transparent Science Powered By Blockchain

Then you can research this project has been in existence for several years, so if the project has been carried out in accordance with the technical route and development, and the technical personnel of the project was pretty good, then the project may have potential.

Xintenson

newbie

Activity: 76

Merit: 0

I think the most important thing is if they have a working product. Anything in an advanced stage that shows that they have worked on the thing and it's working well. Other than that, don't bother waiting for it.

f12345

newbie

Activity: 90

Merit: 0

To be honest investing in already established projects for long term might be better idea but my advice
1. Check out icodrops (high and very high rated projects)
2. Follow team on twitter, telegram, discord, slack etc
3. Read whitepaper and analyze market fit
4. Check out team members on linkedin, github
6. Do the math (presale, private sale , % in circulation)
7. Invest only an amount you can afford to lose
Good luck

gwensarah1

full member

Activity: 392

Merit: 100

Quote from: blmpnetwork on May 06, 2018, 08:03:43 AM

How to really judge the potential of an ICO

For me, I usually judge the potential of an ICO through three factors: Development Team, Idea, Roadmap.
Development Team: This is the most important factor, if a project have a good team with many experienced people in the same field then it will be potential in the future.
Idea: It must have a new idea which can improve any field in the society then of course it's many potential in the future.
Roadmap: i think you should not join ICOs which need 10 years to develop. we should choose ICOs which have roadmap is 1 - 3 years to develop.

ngochuyen0071

newbie

Activity: 84

Merit: 0

I think the best way is to evaluate the idea, and then assess the capabilities of the team in this area. White paper is usually needed for those who are already interested in the project and want to know more details.

Lannie25

full member

Activity: 378

Merit: 100

For me the best way to judge the potential of an ICO is to look out to what they have done in this kind of business like the feedbacks that they get from their investors because somehow it is a reliable source of information.

hoasdnz77

newbie

Activity: 98

Merit: 0

The only possibility is only your brain, all other resources can be compromised, because now everything is bought, we unfortunately live in a world in which no one has enough money, so today I think that many should still be more adequate in this regard .

00DKM@

member

Activity: 378

Merit: 10

Quote from: blmpnetwork on May 06, 2018, 08:03:43 AM

How to really judge the potential of an ICO

Potential of ICO is assessed by the criteria of product quality, performance. It should be meaningful in terms of convenience, meeting the needs of the user. You can imagine that if a product is factory produced without the user and the community evaluates well, no use, no support. It's a bad product. Ideas and feasibility, devs must agree on a long-term development path and bring about trends and meaning for the future.

brainryan

newbie

Activity: 111

Merit: 0

Quote from: blmpnetwork on May 06, 2018, 08:03:43 AM

How to really judge the potential of an ICO

The first thing you need to do is spend a lot of time researching their ideas and how to operate them on WP. Then set aside a thought on how it will apply in life and how it will respond in life, economics, and society. Get to know them on the media, dev team, telegram -> marketing strategy and community management. Ask them a few confirmations. Based on that, you will have a detailed and specific assessment of the potential of the project.

niteroy

member

Activity: 476

Merit: 17

Quote from: touchmelikeimfamous on June 01, 2018, 03:12:30 AM

I think the best way is to evaluate the idea, and then assess the capabilities of the team in this area. Wink

In fact, I also believe that the most important thing in any project is the professionalism of his team. Many overestimate their strength and when faced with problems during ICO they can not find solutions to the problem and thus the project becomes unsuccessful even if the idea of the project was initially very interesting and the product was useful. I always study the team, their past experience in similar fields of activity, merit and much more. It is also important to look at the advisors of the project and if among them there are well-known personalities, then the project deserves attention and it can be considered as possible investments.

KeijiN

member

Activity: 294

Merit: 10

I would say that there is already developed list of signs that can allow us to make some conclusions about ICOs future development success

piaomar

jr. member

Activity: 252

Merit: 1

actually, there some things that can be seen in following an ico that has good potential. You can see the whitepaper and the team that handles. You should often follow the development of the project in order to know the progress of it, if the project has reached softcap then it is a great chance to get a success.

touchmelikeimfamous

newbie

Activity: 26

Merit: 0

I think the best way is to evaluate the idea, and then assess the capabilities of the team in this area. Wink

DmitriySar

full member

Activity: 392

Merit: 100

I think that there are many criteria, such as team, product, marketing, goals. feedback, uniqueness. It is necessary to carefully study the project in order to understand its potential, but this does not give more success to the project.

fmasta

full member

Activity: 254

Merit: 102

There is unfortunately no universal and good for all cases system of ratings and judgements, but you can at least examine a projects background and make your own decisions

marydarli

newbie

Activity: 28

Merit: 0

Listen to Tom Hillman, director of communication at Verasity as He speaks

Afrizky R

newbie

Activity: 180

Merit: 0

Quote from: blmpnetwork on May 06, 2018, 08:03:43 AM

How to really judge the potential of an ICO

just look at the project it runs whether it is true or not and you can see in whitepaper explain about the project and see who the team overshadow the project whether or not it is true because it must be ensured before you go any further,

research first by finding as much information about the ICO

eMaxie

newbie

Activity: 70

Merit: 0

Team, Whitepaper, Roadmap (to evaluate whether everything they promise is really to be done), experts opinions and so on. I found a project I find most attractive and their ICO is planend for August so I will have to check all I mentioned myself

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