Investing in Bitcoin is always a good choice of Investment. Looking for an altcoin is also okay but it takes time and knowledge. You need to acquire experience when it comes to trading. Technical analysis, Basic and fundamentals of trading candle stick reading,. But once you master this you will get 90% accuracy to your trade. But don't forget also to research every news cause sometimes this also matter to cryptocurrency 's economy. "Buy the rumor sell the news" as they say. Looking for an ICO is always the best option for early investment and for higher gaining profit. But how will you sort it out ? Which ICO is LEGIT and Which is not. We all know that there's a lot of scam ICO projects that always come out. But how can we avoid that.?
Disclaimer!!!: This is not a financial advice or anything that can give you a 100% profit. However, all of the stated post there is all just my opinion and based on my experience in looking for possible potential ICO. I suggest that you ask for help to some legal financial adviser within your area.
I always look for the team, Whitepaper, Legal documents, active community and MVP..
1. Team Profiling, take a look at their team legitimacy or some proof of experience and high reputation team. This will help you to identify that they will not scam you.
2. Whitepaper, Yes Indeed there's some project copying or creating a project knowing that there was an existed one. But before anything else or doing some conclusion. Take a look at first if they proposed something new, Innovations, Community Benefits that is different from an existed one.
3. Do some research if the company or the ICO project is holding some legal papers. This pretty much give you much assurance that they won't scam you or anyone. Or maybe you can can ask some help to any legal or financial adviser to identify if the papers is legit or not.
4. Healthy and active community.
5. And Look for a project that has MVP.
Anyway what is MVP? A minimum viable product (MVP) is a development technique in which a new product or website is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users.
And I want to share the coin I was invested. It's Republia ( RPB Coin). Republia is now under going their Pre-sale and they've reached the softcap. Republia has it's own blockchain consensus, it is functioning on RdPoA consensus algorithm. It means that every user in their ecosystem and blockchain has to be identified to start the mining process and you do not have to use large mining farms. All that you need is to have the Republia ID and PC/smartphone or other devices. And they have a respective and high reputation teams and advisers that's indeed an assets to an healthy and great project : Take a look at here in their whitepaper page 66 :
https://media.republia.io/republia-whitepaper-en.pdfAnd for the MVP republia offer this as well, MVP strategy of Republia focuses on testing hypotheses, but not on the reducing functionality for the sake of a cost-saving measure. All products in the early stages will be integrated into the system on the basis of reviews of the first users.
Republia Foundation uses the following products to test viability of different
solutions:
1. Bank
2. Wallet (Messenger)
3. Smart-contract platform
4. Voting
All the complete details you can find it here:
https://media.republia.io/republia-whitepaper-en.pdfIn Republia Blockchain 400 million RPB coins will be available in total 65% of the total number of coins is allocated to the genesis block and will be
available when the network starts operating. The reserve of Republia Bank is 20% of Total Supply. This amount of funds will provide users with functional system, which will be able to operate during specified time. 260 million coins are available for mining.
And this is one, caught my attention. Republia team wanted to give a transparency to their perspective Investors. Cause the RPB coins holdings of Republia team are frozen for 2 years and RPB coins of advisors are frozen for 6 months after the end of the PUBLIC SALE.
For legal paper, you can take a look at in their website:
https://republia.io/detailed#documentationSo all in all, Republia obtain all of these 5 things that I have stated above. And for me in my own opinion Republia is great and will be successful soon. They laso have a healthy and large active community. You can participate it here:
https://t.me/republia_official