What is a good ICO project?This depends on each specific project and the team behind the project. Select some good choices is the ICO immensely blessed by the investors.
A typical example is Storjcoin. Storjcoins is the token, which was released by Storj.io in ICO. Storj.io is an application distributed cloud storage, and when its main product is released, users will be able to spend Storjcoins on storage space, in addition to the business they can like any other coin.
A striking example is Ethereum, it was sold at a price beginning just 0.005 BTC, and now you can see its growth possibilities. Ethereum is a platform for building applications that hierarchy of categories. The company's card is called Ethers are actively used to maintain operation of the applications have been built on the Foundation of smart contracts.
In theory, the ICO code can be used for anything similar, Ethereum. The range can be used depends on the scope of the project.
To select an ICO project good we need to learn about beads on that coin coins
For example you can learn coinmarketcap.com up, then you see the webisite of it to know about the value of the coin. Important thing it needs to have clear, blockchain have for cold storage as possible.
How to detect a bad ICO? There are some signs of an ICO is capable of cheating: anonymous developers, the lack for money, and the goals are not clear or not practical. Our development team has no biography or profile what ma.
Cryptocurrency community had to encounter some phishing campaign ICO in the past few years. Most of this campaign, the majority will be red flagged and by detecting you can avoid companies with potential risk:
The developers of the project or is anonymous or not known to the community. If the people behind an ICO does not have the reputation, the possibility they are operating a scam is quite large. ICO
No such money for donations. If all the key contribution of the contributions were concentrated in the hands of the master project, then there is nothing to stop them fleeing with the money.
Unrealistic goals/not clear. When a project does not have a clear roadmap, in fact, that is the people behind it do not know what they're doing, the best. At worst, they don't really care because they are not really going to do anything.
Lack of transparency. Today, show the stages are done in your project to the audience is considered an industry standard in crypto. If the developer does not release the code, the demo/beta version of their product, video behind the scenes or other types of reports on their progress, can they have nothing to show.
If you have found an ICO campaign have shown any signs of the above, and especially any combination of them, it is best to avoid contributing money into it.
Thank you very much for the experiences you have shared. I really need these articles to check out future ICO projects.
I really hate being scammed and I need to apply your experiences. I will learn from experience and share with my friends about this. I really wish the bitcointalk forum members did not encounter fraudulent projects and make more profit in the future.