Topic: Key factors to decide before investing in an ICO (Read 124 times)
If you have the money to invest should be one. If you are willing to lose said money should be two. Also you might want to look at the team behind the project, if they are not serious about the project then you shouldn't invest in it. Check out their website
Hi, I hope this thread will help people out there who are new to crypto currencies and are planning to invest in ICO (Initial Coin Offerings).
I know there are plenty of other threads here, but since there are new SCAMs using new scandalous techniques every day, it's best we all help each other to avoid such scams.
Investors should bear in mind following key elements discussed in this post to avoid throwing money outta the window.
1. Team Composition
2. Bitcointalk.org Thread
3. Stage of the project and VC investments
4. Community and Media
5. What do they need the token for? Is the blockchain necessary?
6. Unlimited / Hard cap
7. Token distribution – when and how
8. Evaluating the Whitepaper
9. Quality of the code – Meet Github
10. The Bottom Line
Also product/services which should have some use in real life,check the founder's and developer's background they should have a previous successful projects do they have capability,roadmap must be clearly stated,the community's feedback
I know there are plenty of other threads here, but since there are new SCAMs using new scandalous techniques every day, it's best we all help each other to avoid such scams.
Investors should bear in mind following key elements discussed in this post to avoid throwing money outta the window.
1. Team Composition
2. Bitcointalk.org Thread
3. Stage of the project and VC investments
4. Community and Media
5. What do they need the token for? Is the blockchain necessary?
6. Unlimited / Hard cap
7. Token distribution – when and how
8. Evaluating the Whitepaper
9. Quality of the code – Meet Github
10. The Bottom Line
Also product/services which should have some use in real life,check the founder's and developer's background they should have a previous successful projects do they have capability,roadmap must be clearly stated,the community's feedback
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