Topic: Sharing My Criteria For Choosing Great ICO To Invest (Read 202 times)
Thanks a lot about the tips! Very useful tips indeed.
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I do not agree about 2 points. Different ideas require different amounts. It will be more correct to analyze the amount that they want to collect. Some projects can be implemented for a lower amount, but the fees are often overstated and the funds are distributed incorrectly.
These are all definitely great ways of vetting an ICO. I'd like to add one thing to your list - a detailed roadmap.
Even if a coin has a lot of great aspects, it won't get much hype / hype will die down without major events pushing the project forward.
Yeah roadmap should not be disregarded, this is another asset of a team to attract and make success. Even if a coin has a lot of great aspects, it won't get much hype / hype will die down without major events pushing the project forward.
Team members are an important factor, because a good team is likely to make the project successful, and generally it is more likely to make a profit on a project with a small hard hat.
Yes the team members is an important criteria. It is an indicator of success if there are members who have been part of previously successful ICO. That's what I look out for.
I am been involved in ICO since last year June and made a few mistakes in investing in not so good ICOs as well as some successes in ICO.
After learning from my own experiences, I would like to share some ideas on how to pick ICOs that have good chances for doing well.
1) Good Business Case.
Many ICO do not have a firm business case to be on the blockchain. I think a blockchain business with a viable business case is important. The business must also organically create demand for their tokens. For example, Binance coin BNB incentives traders on Binance to hold it as it helps to reduce the commissions they have to pay, and at the same time BNB holders are rewarded with part of the exchange's profits. The company Binance also buys back their own coins and burn them. This is organic demand which does not rely on them even having holders of BNB, as Binance will buy back their own coin.. organic demand.
2) Small Hard Cap.
To date I have observed that ICO with less than $40mil in hard cap has a higher chance of success and get sold out faster. Selling out fast is an important indicator of future demand for the token and crypto exchanges also look at this before they list the coin. And with more crypto exchanges listing the coin, it will also mean a greater demand for the coin.
3) Team Members with Previous Success.
There are so many ICO nowadays that we are seeing new faces on ICO often. And many may not have the experience to run a proper ICO. Hence a ICO with experienced hands is important especially if some of the members were part of previous success.
4) Advisors with Pull Factor
While advisors should not be an important determinant of the ICO success, I have noticed that ICO with credible advisors tend to attract more investors as people recognises famous names. Vitalik does not endorses ICO as an advisors anymore but there are other founders who are participating as advisors. Their presence means something.
5) Marketing
Marketing is key. For ICO who have good marketing, you will see that they have a lot of members in their telegram channel. You will also see good participation in their chat and ANN thread. I would say at least 5000 members in their telegram group is a minimum for me to consider them as having good marketing.
With these 5 indicators passing muster, I will then download their whitepaper and do my due diligence. Recent good finds are Experty, ArcBlock and now MediChain. These 5 facts are my first cut before i read their whitepaper and ask my test questions for the CEO or admin on their telegram groups. If the CEO is never present and the admin cannot answer technical questions.. I will not participate in the ICO.
Hope these factors will be helpful to some of the members on bitcointalk.
BoonsterX
P.S. If anyone finds my inputs useful, pls do donate some merit
Thank you. Thank you.
After learning from my own experiences, I would like to share some ideas on how to pick ICOs that have good chances for doing well.
1) Good Business Case.
Many ICO do not have a firm business case to be on the blockchain. I think a blockchain business with a viable business case is important. The business must also organically create demand for their tokens. For example, Binance coin BNB incentives traders on Binance to hold it as it helps to reduce the commissions they have to pay, and at the same time BNB holders are rewarded with part of the exchange's profits. The company Binance also buys back their own coins and burn them. This is organic demand which does not rely on them even having holders of BNB, as Binance will buy back their own coin.. organic demand.
2) Small Hard Cap.
To date I have observed that ICO with less than $40mil in hard cap has a higher chance of success and get sold out faster. Selling out fast is an important indicator of future demand for the token and crypto exchanges also look at this before they list the coin. And with more crypto exchanges listing the coin, it will also mean a greater demand for the coin.
3) Team Members with Previous Success.
There are so many ICO nowadays that we are seeing new faces on ICO often. And many may not have the experience to run a proper ICO. Hence a ICO with experienced hands is important especially if some of the members were part of previous success.
4) Advisors with Pull Factor
While advisors should not be an important determinant of the ICO success, I have noticed that ICO with credible advisors tend to attract more investors as people recognises famous names. Vitalik does not endorses ICO as an advisors anymore but there are other founders who are participating as advisors. Their presence means something.
5) Marketing
Marketing is key. For ICO who have good marketing, you will see that they have a lot of members in their telegram channel. You will also see good participation in their chat and ANN thread. I would say at least 5000 members in their telegram group is a minimum for me to consider them as having good marketing.
With these 5 indicators passing muster, I will then download their whitepaper and do my due diligence. Recent good finds are Experty, ArcBlock and now MediChain. These 5 facts are my first cut before i read their whitepaper and ask my test questions for the CEO or admin on their telegram groups. If the CEO is never present and the admin cannot answer technical questions.. I will not participate in the ICO.
Hope these factors will be helpful to some of the members on bitcointalk.
BoonsterX
P.S. If anyone finds my inputs useful, pls do donate some merit
Thank you. Thank you.These are some very good points. Myself I think that the Team makes up to key to success of the ICO. It can be the worst project, as long as the team is good, then we are good.
5) Marketing
Marketing is key. For ICO who have good marketing, you will see that they have a lot of members in their telegram channel. You will also see good participation in their chat and ANN thread. I would say at least 5000 members in their telegram group is a minimum for me to consider them as having good marketing.
Marketing is key. For ICO who have good marketing, you will see that they have a lot of members in their telegram channel. You will also see good participation in their chat and ANN thread. I would say at least 5000 members in their telegram group is a minimum for me to consider them as having good marketing.
It is also good to note that we should check what percentage of the telegram members are investors and how many are bounty hunters. Since most bounty include rules like should be member of telegram. If half of it are bounty hunters, then that is not real value.
Thank you for sharing. Seems like your criteria almost cover the important aspect. I follow most of them except for the low hard cap. Some big projects have bigger hard cap and it is necessary to develop the big idea. So this point doesn’t bother me.
Thanks for the info. This is a big help to those who are struggling in crypto specially the newbies. It's hard to guess if the project will fail or it will bring you more luck. Do everything to develop your trading skills because this will be your ace in the future.
This is definitely a good set of rules to use for ICO. Most investors do not do their due diligence and regret later. And there are too many newbie in bitcointalk and for that matter in this crypto world that there needs to be more knowledge or experience sharing.
Upz!!
Upz!!
There are too many set of rules and criteria about what to do first before investing on ICOs and so on and this thread really helped those new comers into this Crypto Market and to educate them to avoid scams and frauds as well.
For me, it's a good guide but it doesn't mean that it got covered almost all the points and guidelines because scammers are too smart today and they even reading this one and they had already collected almost all the guidelines in this forum about how to avoid on being scammed and other related do's and dont's.
For me, the only thing that I'm going to check is the Telegram Channels because active members cannot be purged and Bots are too obvious.
Good ICOs are exchanging ideas and never stop chatting like what we observed from a lot of Telegram Communities today.
I am a member of over 50 Telegram Communities because I am joining almost all Telegram Bounty campaigns as I could so now I know which one are better than the other.
Good ICOs have over 2k members and there are too many active members on it. That's kind of ICO aspect is very hard to fake.
Yes. I totally agree that the engagement in Telegram channels is a good indicator. Thats why in my criteria, i mentioned Marketing and that good ICO tend to have above 5000 members in their telegram channels. usually once people starts spreading via word of mouth about a good ICO to their fellow investors, the growth of members in telegram can be huge... ArcBlock got above 50k members.
This is definitely a good set of rules to use for ICO. Most investors do not do their due diligence and regret later. And there are too many newbie in bitcointalk and for that matter in this crypto world that there needs to be more knowledge or experience sharing.
Upz!!
Upz!!
There are too many set of rules and criteria about what to do first before investing on ICOs and so on and this thread really helped those new comers into this Crypto Market and to educate them to avoid scams and frauds as well.
For me, it's a good guide but it doesn't mean that it got covered almost all the points and guidelines because scammers are too smart today and they even reading this one and they had already collected almost all the guidelines in this forum about how to avoid on being scammed and other related do's and dont's.
For me, the only thing that I'm going to check is the Telegram Channels because active members cannot be purged and Bots are too obvious.
Good ICOs are exchanging ideas and never stop chatting like what we observed from a lot of Telegram Communities today.
I am a member of over 50 Telegram Communities because I am joining almost all Telegram Bounty campaigns as I could so now I know which one are better than the other.
Good ICOs have over 2k members and there are too many active members on it. That's kind of ICO aspect is very hard to fake.
already there're so much threads about these criteria. All of us here are not noobs and we know that we need to explore first to choose a worthy ico.
All of us here are not master too, you dont know if there are tons of noobs viewing this thread everyday.----
I also check concept and roadmap for long term investment, and hype level for short term
This is definitely a good set of rules to use for ICO. Most investors do not do their due diligence and regret later. And there are too many newbie in bitcointalk and for that matter in this crypto world that there needs to be more knowledge or experience sharing.
Upz!!
Upz!!
already there're so much threads about these criteria. All of us here are not noobs and we know that we need to explore first to choose a worthy ico.
https://scontent-frx5-1.xx.fbcdn.net/v/t1.0-9/27545283_294833667708337_3295997111521288087_n.jpg?oh=9d6e583487378b59c7e6cee8bfe7d00f&oe=5B134ADC
https://scontent-frx5-1.xx.fbcdn.net/v/t1.0-9/27545283_294833667708337_3295997111521288087_n.jpg?oh=9d6e583487378b59c7e6cee8bfe7d00f&oe=5B134ADC
Small hardcap is good, also ICO's that hit not much higher than soft cap can provide huge returns too!
Great guidelines especially to those who are really planning to be engaged with investing with certain ico's, better to have enough knowledge and do your own research, this selections of guidelines can be use in order to avoid mistake in placing your money into any project, if you have this tools and you use this to research information then you are good to go, chances of being scammed is lesser than those who doesn't have any idea but just place their investment because of the trend.
Nice try of earning sMerit but sorry dude, I already hit my sMerits to my other accounts because it's totally unfair giving sMerit to anyone elase you don't know but you never get even one from them.
Anyway, this is a good guide for those who want to involve on ICOs and on how to spot a good one or the best one over than the others.
But most of the time people aren't looking for some facts because those are irrelevant in some cases, like Advisors, hell no! not all people knows who they are, right?
Most of the time scammers and fraudulent guys were in focus on the project because they know that many investors were considering that the project has greater impact on an ICO so they could still get money and then vanish like nothing had happened.
Well, for me, checking on their Telegram Community matters the most because Bots are too obvious.
Anyway, this is a good guide for those who want to involve on ICOs and on how to spot a good one or the best one over than the others.
But most of the time people aren't looking for some facts because those are irrelevant in some cases, like Advisors, hell no! not all people knows who they are, right?
Most of the time scammers and fraudulent guys were in focus on the project because they know that many investors were considering that the project has greater impact on an ICO so they could still get money and then vanish like nothing had happened.
Well, for me, checking on their Telegram Community matters the most because Bots are too obvious.
Thank's for sharing this valuable tips...this is not an happy moment for ICOs in general..and we must be very picky when choosing the right project to invest in..i agree with you on every point...but i am afraid that the golden era of ICOs has come to the end 
Dun give up. There are still some ICOs that are doing well recently. Experty and ArcBlock were 2 that i am vested in. Both sold out and hit their hardcap in record time. I am certain the token value will be significant when they get listed.
The other one i am looking at, using my criteria, is Medichain. It does not meet every criteria.. but they have established valuable partnerships with EHR and EMR (electronic health and medical records) companies that it gives them a strong edge over Medibloc (MED) which was a 10x ICO.
I agree. Some new investor's common mistake is they don't check the ICO before they invest their money on it. They are investing without having any research about what's the real goal of the project. Your points is a good advice for those people who are still struggling with what ICO to choose. They may have high expectations in an ICO but won't be bothered if the ICO is a scam or not because they proved it on their own that they invested to an ICO that will meet their high expectations.
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