Hello, Friends...
I Recently listen about the ICO (Initial Coin Offerings)!But I'm confused, Is it a Right Investment or Not?
Anyone Suggests me!
You must be very careful when you plan to invest in ICOs.
As you must have already read from many replies, 90% + ICOs are nothing but SCAM, this is what most of us have learned the hard way, however, real potential ICOs are also the most prominent investment.
Before taking any ICO into consideration for investment, you must go through the whitepaper to understand what is the project and what they want to achieve. Secondly, if there is even a slight/small grammatical or any other mistake in the whitepaper, turn it down straight away. Good ICOs are very careful about their whitepaper and never do mistakes.
Now, the second step is to check the team of project, the CEO,CTO, etc. are they known names and are they expert in the blockchain industry.
Make sure you check the advisory teams as well.
Next, check who/which companies are backing them up, what if the ICO investment gets hacked (like in the case of coindash, are they backed up to return your money or not).
Always Do a lot of research before investing in ICOs and all the best for your future investments.