Topic: HOW TO SPOT A WINNING ICO - page 6. (Read 2443 times)
I would take a look at their developers, and see what projects they have worked on in the past. Having a wireframe/prototype out before their sale also helps a lot too.
I 've been trying to find out all the things that would lead me to spot the wining ICO, meaning an ICO that will not just enter a the platforms to make a quick buck.
An ICO I can really HODL.
I have gathered the below up to now:
The founders are working on something great, with details on their design and their roadmap.
The founders are not worried with deadlines, but are making changes when necessary to ensure the safety of their project.
The founders know their project of by heart. They can answer logical questions. They love it when people ask them about their project and the details of the development.
The founders could be promising the world, but not tomorrow. If they are promising you to become rich tomorrow, something looks bad.
New points from other members:
Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
ICO's with a low or reasonable market cap and ICO's that have set a max cap.
Looking forward to enhance my list. I will add your ideas to the above list.
The winning icos will be having a large of the communities that will always try to monitoring the development process of the project that was including about the crowdsale too. An ICO I can really HODL.
I have gathered the below up to now:
The founders are working on something great, with details on their design and their roadmap.
The founders are not worried with deadlines, but are making changes when necessary to ensure the safety of their project.
The founders know their project of by heart. They can answer logical questions. They love it when people ask them about their project and the details of the development.
The founders could be promising the world, but not tomorrow. If they are promising you to become rich tomorrow, something looks bad.
New points from other members:
Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
ICO's with a low or reasonable market cap and ICO's that have set a max cap.
Looking forward to enhance my list. I will add your ideas to the above list.
There is a lot of people already made very huge money from the winning ico just like knc token.
I also look for ICOs that will burn unsold tokens. Most make that offer, but some do not.
Lets keep the topic on the same line, without mentioning other ICO, unless you can relate them to this conversation.
Powerledger has a great whitepaper. I would consider loading up on Powerledger. The ICO is running now and it is super cheap. Check it out here
Hyped ones are the most dangerous ones. As far as I remember from bancor ico, their Project was a hype. It was consisting of only 50 lines of code or something. But they made their marketing well as a hyped one.
I personally invest their legal status and white paper before invest money in it.
Since most ICO's are decentralised, meaning they don't even have an address or legal entity, how to you check their status?
Some of them do have while some of them don't. An ICO for a decentralized exchange might not have an address but an ICO for mining farm, or green energy production do have an address and some sort of licencing.
Hyped ones are the most dangerous ones. As far as I remember from bancor ico, their Project was a hype. It was consisting of only 50 lines of code or something. But they made their marketing well as a hyped one.
I personally invest their legal status and white paper before invest money in it.
Since most ICO's are decentralised, meaning they don't even have an address or legal entity, how to you check their status?
I 've been trying to find out all the things that would lead me to spot the wining ICO, meaning an ICO that will not just enter a the platforms to make a quick buck.
An ICO I can really HODL.
Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
An ICO I can really HODL.
Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
Very true, the road map can look great and all, but if the product coming out isn't up to spec or months after deadline, the project can quickly become sour.
That's why I am reluctant to agree with the deadline thing. Obviously it is wrong to keep pushing to reach a deadline, when there are significant problems or constraints,
but a project that doesn't seem to be evolving, although loads of features on the roadmap, that doesn't deliver is also a red flag to me.
Unfortunately, you sometimes only realise that too late
Its kind of like a situation wherein the developers and the whole team is hyped at the very beginning of the project but the same enthusiasm isn't carried forward after the ICO stage. I've come across many such ICOs who have a great ideology but never follow through with putting everything up as planned on the roadmap because as soon as they see the money flowing from the ICO, they tend to become lazier with stuff.
Only a few tokens have actually made on time progress with their roadmap and these are the real winning ones in my eyes.
Only a few tokens have actually made on time progress with their roadmap and these are the real winning ones in my eyes.
Hyped ones are the most dangerous ones. As far as I remember from bancor ico, their Project was a hype. It was consisting of only 50 lines of code or something. But they made their marketing well as a hyped one.
I personally invest their legal status and white paper before invest money in it.
The winning icos will be having a large of the communities that will always try to monitoring the development process of the project that was including about the crowdsale too.
There is a lot of people already made very huge money from the winning ico just like knc token.
There is a lot of people already made very huge money from the winning ico just like knc token.
It sounds logical, but sometimes hype and people following it means nothing, like electroneum and enjin have a lot of followers, but it doesn't mean they are in it for the whole run.
It is difficult in this current climate with so many ICOs going on to determine which ones will work out and which ones are no good, but the same as it has been with many of the altcoins, it is all about doing a decent amount of research, check out the community behind the coin, see what the opinions are on this forum and use a bit of your own instinct.
First and foremost, it is very useful to tell a scam from a legit ICO. Once you’ve decided take a closer look, consider taking the time to read the technical whitepaper to understand how it works (please don’t decide to invest only based on the pretty website or flashy buzzwords). The papers can sometimes be dense but the understanding of the details is very well worth it. Also, you may find it helpful to join the Slack group to ask questions and see what other peoples’ concerns are.
Is basically the point said above, ensuring that founders know their project and understand what they wrote.. obviously you read the whitepaper.
I 've been trying to find out all the things that would lead me to spot the wining ICO, meaning an ICO that will not just enter a the platforms to make a quick buck.
An ICO I can really HODL.
I have gathered the below up to now:
The founders are working on something great, with details on their design and their roadmap.
The founders are not worried with deadlines, but are making changes when necessary to ensure the safety of their project.
The founders know their project of by heart. They can answer logical questions. They love it when people ask them about their project and the details of the development.
The founders could be promising the world, but not tomorrow. If they are promising you to become rich tomorrow, something looks bad.
New points from other members:
Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
ICO's with a low or reasonable market cap and ICO's that have set a max cap.
Looking forward to enhance my list. I will add your ideas to the above list.
The winning icos will be having a large of the communities that will always try to monitoring the development process of the project that was including about the crowdsale too. An ICO I can really HODL.
I have gathered the below up to now:
The founders are working on something great, with details on their design and their roadmap.
The founders are not worried with deadlines, but are making changes when necessary to ensure the safety of their project.
The founders know their project of by heart. They can answer logical questions. They love it when people ask them about their project and the details of the development.
The founders could be promising the world, but not tomorrow. If they are promising you to become rich tomorrow, something looks bad.
New points from other members:
Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
ICO's with a low or reasonable market cap and ICO's that have set a max cap.
Looking forward to enhance my list. I will add your ideas to the above list.
There is a lot of people already made very huge money from the winning ico just like knc token.
Its kind of like a situation wherein the developers and the whole team is hyped at the very beginning of the project but the same enthusiasm isn't carried forward after the ICO stage. I've come across many such ICOs who have a great ideology but never follow through with putting everything up as planned on the roadmap because as soon as they see the money flowing from the ICO, they tend to become lazier with stuff.
Only a few tokens have actually made on time progress with their roadmap and these are the real winning ones in my eyes.
Only a few tokens have actually made on time progress with their roadmap and these are the real winning ones in my eyes.
First and foremost, it is very useful to tell a scam from a legit ICO. Once you’ve decided take a closer look, consider taking the time to read the technical whitepaper to understand how it works (please don’t decide to invest only based on the pretty website or flashy buzzwords). The papers can sometimes be dense but the understanding of the details is very well worth it. Also, you may find it helpful to join the Slack group to ask questions and see what other peoples’ concerns are.
So far you've collected a good list of things that you should remember in order to spot a winning ICO. This will help a lot of newbies out there that are looking for the right ICO to invest on. Hope this list gets updated.
The list of things are good, but we would appreciate the community opinion, as this will help us then identify these projects.
I 've been trying to find out all the things that would lead me to spot the wining ICO, meaning an ICO that will not just enter a the platforms to make a quick buck.
An ICO I can really HODL.
I have gathered the below up to now:
The founders are working on something great, with details on their design and their roadmap.
The founders are not worried with deadlines, but are making changes when necessary to ensure the safety of their project.
The founders know their project of by heart. They can answer logical questions. They love it when people ask them about their project and the details of the development.
The founders could be promising the world, but not tomorrow. If they are promising you to become rich tomorrow, something looks bad.
Looking forward to enhance my list. I will add your ideas to the above list.
So far you've collected a good list of things that you should remember in order to spot a winning ICO. This will help a lot of newbies out there that are looking for the right ICO to invest on. Hope this list gets updated. An ICO I can really HODL.
I have gathered the below up to now:
The founders are working on something great, with details on their design and their roadmap.
The founders are not worried with deadlines, but are making changes when necessary to ensure the safety of their project.
The founders know their project of by heart. They can answer logical questions. They love it when people ask them about their project and the details of the development.
The founders could be promising the world, but not tomorrow. If they are promising you to become rich tomorrow, something looks bad.
Looking forward to enhance my list. I will add your ideas to the above list.
A winning ICO can be getting in on the pump and sell before the dump it. Why must one hodl?
If you can't HODL, then why bother with a long shot ICO. Most people got their earnings from holding in projects such as bitcoin and ethereum. Not from daily pumps and dumps.
It is very hard task. But I think I can give tips even if I am not very successful. Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
This is true because success lies in the team and the decision sometimes taken during the hard time. It is important to have the right kind of balance among the management team which have the clear vision and focus of future. Else even if the coin has potential may fail due to lack of execution by the team.
Agree with all of the above, I also tend to invest in ICO's with a low market cap and ICO's that have set a max cap.
Added
Agree, that the market cap should be logical.
It is very hard task. But I think I can give tips even if I am not very successful. Competent development team is the most important rule. Ideas are not enough. There should be good devs to build around those ideas. That is main rule.
has been added to the list, since the development team is important, although is hard to evaluated, with all those fake profiles out there.
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