Topic: New ICOs and how to choose a proper one? - page 3. (Read 1759 times)
I choose ICO very carefully. I'm studying all the information. My main rule: I must understand the idea of the project.
The best way for you to choose a proper ICO would be for you to do your own research. Look into the creators of the coin and see their vision for the coin. Check out the product they are offering for the coin, how they plan to bring in people and make you money when you invest in the coin. Then you can also check their social media and their whitepaper.
I tend to go by studying the team, their past achievements, the product they tend to offer and it's significance. How active is the community and finally read the whitepaper to know the Uniqueness of the project in question.
I pay more attention to the ICO in the field of finance and real estate, I think they will be the first really working projects on the crypto market!
To briefly expand on that, irrespective of the filed you decide to invest the main thing is to look at the whitepaper and other places like telegram groups etc to gather as much info as possible. This will tell you if the project is worth while or not.
I pay more attention to the ICO in the field of finance and real estate, I think they will be the first really working projects on the crypto market!
the first thing you need is a coin that has a use in the real world, I see with culture coin that was the ICO that you linked has already covered that, so let's go from there, also look at the whitepaper, and if it is something that is really possible, it is good to have a solid team and the right people for each position, that is very important, lastly they have to have a good bounty manager if you are going to participate like this, because it is very important to be able to secure the stakes at the final of the ICO
Looking and reading the tabs that they have on their site is how to see if they are real.
the first thing you need is a coin that has a use in the real world, I see with culture coin that was the ICO that you linked has already covered that, so let's go from there, also look at the whitepaper, and if it is something that is really possible, it is good to have a solid team and the right people for each position, that is very important, lastly they have to have a good bounty manager if you are going to participate like this, because it is very important to be able to secure the stakes at the final of the ICO
Although that would not say that many companies throw but if you look at the bitcoin discussions in the ICO branch, you can find the good always. I determine by the number of views. If you are too lazy to say something very good way.
It takes a lot of effort and time to find a good ICO. The first rule is to make sure that you are not going to invest unless you really find something worth, don´t invest because you "have to"
Events and ticketing has already been covered by a successful ICO called viberate VIB and they have made a partnership deal with ticketmaster cementing themselves in the number one spot. Choosing a project that has been done before by a better company will not give good rewards unless the market is big enough for more than one big player
Looking at the events is a nice one to remember, thanks. 
Events and ticketing has already been covered by a successful ICO called viberate VIB and they have made a partnership deal with ticketmaster cementing themselves in the number one spot. Choosing a project that has been done before by a better company will not give good rewards unless the market is big enough for more than one big player
There are few factors which you should consider before investing in an ICO like:
Motive of the ico: Why are they doing this? If it’s simply to provide a return on an investment, then buyer beware.
Experience of the Team: What has the team executed on in the past, together? It should first and foremost be technology related.
Capital Structure of money: How much crypto are they offering to the public? Gauging demand for a crypto is key
Raising the adequate amount money during their ICO: This connects directly to the point above. If they raise too much money during the ICO, they’re going to have to clear loads of ‘flippers’. These flippers are those that purchase tokens during the ICO and as soon as the team lists the token on the first exchange.
Motive of the ico: Why are they doing this? If it’s simply to provide a return on an investment, then buyer beware.
Experience of the Team: What has the team executed on in the past, together? It should first and foremost be technology related.
Capital Structure of money: How much crypto are they offering to the public? Gauging demand for a crypto is key
Raising the adequate amount money during their ICO: This connects directly to the point above. If they raise too much money during the ICO, they’re going to have to clear loads of ‘flippers’. These flippers are those that purchase tokens during the ICO and as soon as the team lists the token on the first exchange.
Long term use. Coin, token, system no matter what the ICO or release is it needs to have long term useful value. Just releasing currency for the sake of it doesnt cut it. Whatever the asset is, it has to provide some real use in order for market to see long term value in it. This means when one sees coin always make sure to think ahead how could such asset provide value to certain people, organizations, companies etc...
For example it could provide platform for developers to develop other blockchain softwares on top of it, which gives it intrensic value of whole ecosystem build on top of it, it could provide capital flight in reppresed countries such as privacy coins allow, it could be distributed power sharing and use such as certain coins that distribute computer power might allow in future, it needs to give value to certain market.
For example it could provide platform for developers to develop other blockchain softwares on top of it, which gives it intrensic value of whole ecosystem build on top of it, it could provide capital flight in reppresed countries such as privacy coins allow, it could be distributed power sharing and use such as certain coins that distribute computer power might allow in future, it needs to give value to certain market.
My first advice is this: Any ICO that you may be interested in must have their presence and community on bitcointalk. Here on this platform, the community actually look out for one another despite the fact that people do have disagreement one and again. It is of serious concern that ICO follow the bitcointalk forum rules and you can have confidence in their plan.
Here is quick checklist that i go trough always before investing in coin:
1. Check the crypto currencies forum page on bitcointalk forums.
2. Flashy images and good page setup.
3. Long term use.
4.Market capitalization.
5.Mining should be low on list of forum page.
6.Transparent team.
1. Check the crypto currencies forum page on bitcointalk forums.
2. Flashy images and good page setup.
3. Long term use.
4.Market capitalization.
5.Mining should be low on list of forum page.
6.Transparent team.
What are your criteria to choose a good ICO? I am looking a little bit around and found have some interesting ICO in mind but I am still not sure if to buy some coins or not. Actually there is for example this ICO running now: www.culturalplaces.com . Its about a new cryptocurrency called Cultural Coin and it should be used as an platform for culture and events. Ticketing should also be paid with the same cryptocurrency. This is for example a project which sounds interesting for me. But obviously there are others also.
Would you choose this one or what are your most important ICO criteria?
Thanks
usually before I join an ICO, I get used to analyzing it first in a whitepaper. there is clearly how the project will be run and how the team will be formed. besides, I also considered how many members participated in the ICO. the more members who join, usually the ICO will succeed. Would you choose this one or what are your most important ICO criteria?
Thanks
there are so many criteria for choosing an ICO and the most important thing is how innovative is the project. is it something holistic and not hust a falacy. you need to know this because any ICO that wanna tackle a problem that previous ICO have solved might not gain any meaningful audience attention and just within matter of time the project will go down. other criteria include popularity which can be access by the number of investors that are willing or already a member of the community etc.
A good way to choose a good ICO is to find out if the ICO project has open source code.
Because a good project will generally open source code, open source code can judge the good and bad of this project.
Because a good project will generally open source code, open source code can judge the good and bad of this project.
The best way of choosing ICO is by looking at lots of them and the results of the ICOs. You will start getting the feeling of the ICO market and learn to tell good from bad.
Evaluation the team members in historical experiences and their abilities in new project.
A good team can actually make a huge difference along with the management of the company as they drive the force. If this combined together can work perfectly it can creates magic and every investment made will be a truly successful one.
To choose a good ICO project takes a lot of time.
- first you need to check the age of the site.
- second you need to check the domain, IP of the website in any country
- Tuesday you find out the image of the team is developing the project.
- 4th you need to check the idea of the project.
- 5th you need to check the contract smart.
- first you need to check the age of the site.
- second you need to check the domain, IP of the website in any country
- Tuesday you find out the image of the team is developing the project.
- 4th you need to check the idea of the project.
- 5th you need to check the contract smart.
The first point is not 100% clear to me. What do you check exactly there? And if the site is a new one...what does it tell to you?
The other points are clear
This topic always keeps popping in the forum, Well in choosing a good ICO all you need to do is research and read all information regarding it because researching a ICO before engaging with investing, Your money is at stake here so you need to be sure in every decisions you make and try to know more about the developer, services, And the Products that will offer by this ICO.
Some newbies like me just rush into ICOs without proper research. Most local crypto groups mislead people by hyping a project and making people to invest. The gullible ones fall to this because some one who is grounded and knows what he or she is looking out for in a project will do proper research before investing.
Yep, I agree totally with you. There could be a hype about one ICO because of a good marketing strategy of the project team but the project per se could not be a good one or maybe not the adequate and for newbies it is not very easy to separate the good ones with the not so good ones. With the time, one gets more experience and learns continuously but meanwhile one should be careful.
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