Topic: Some principles of choosing ICO for investment (Read 53 times)
The points you said above are just the common factors to be considered by investors. For me, simply the principle to choose an ICO is by analyzing the whitepaper and team information. Whitepaper provides all information about the products, plans, strategies, tokenization, and other parts related to a project. While team information is very crucial thing to know whether it determines: (1.) a real or fake project, (2.) a real or fake team members, (3.) professional team members or not, (4.) the nationality of the team members.
In this online industry ICO project is very good investment platform not only some people choosing this ICO project there are lots of people and company related to ICO project. When someone want to invest in good project they are found who is good ICO project and they are want to invest with ICO project because recently ICO is a very famous in this online industry. Already lots of people make a huge amount of money in this project so people always like ICO project.
The main task of the investor is “x” and not to face the scam. From the side of the project, the main task is to prove to potential investors that the project is real and the team will go to anything for the project not to become a scam. Among hundreds of projects it is not easy to find something good. Many projects turn into a frank scam, and as a result, investors’ confidence in the ICO is lost. I have identified several points, which should be paid attention to both by investors and projects.
1. The team. The project, which plans to raise several million dollars, cannot have a weak team. All team members must have experience in the niche of the project. A big plus will be the opportunity to write to someone from the team in the LinkedIn or Facebook and find out the details of the project.
2. Too much advertising. If a few months ago the volume of advertising was one of the keys to the successful holding of ICO and the closure of the soft cap, now a large amount of advertising is of concern to investors. Too much praise for the project is a sign of the scam.
3. Huge discounts and bonuses. Discounts during the presale are good, but there are some projects that go too far with generosity. It seems that they do not see the value of their token at all. If the team does not see the value of its own token, then the investor – even more.
4. Advisers. A good adviser will bring great benefits to the project. He will help not only with his competence in his field (blockchain, marketing, etc.), but also thanks to his reputation will help to collect investments.
5. The availability of MVP. This is a huge advantage. A potential investor sees that work is underway on the project and, most likely, the project will continue to work after the ICO.
6. The presence of Escrow. This is a guarantee that after the completion of the ICO the founders of the project will not hide with your money. It is worth saying that not all successful projects have escrow and it did not stop them collecting the necessary amount and going to the stock exchanges. But when there is escrow – this is a big advantage.
In our opinion, these are the main points that should be taken into account when choosing a project for investment. In addition to them, you can also highlight: site failure, poor technical support, a panic of investors, a presence of code on GitHub. There are dozens of such items. If you have any doubts about the project, then it’s better to go past it and not let the scammers weld on you.
Nevertheless, all these items are not a guarantee of a successful ICO. Be very careful when choosing ICO and do not invest more than you are ready to lose.
I will be interested to know your principles. Please share it with me
1. The team. The project, which plans to raise several million dollars, cannot have a weak team. All team members must have experience in the niche of the project. A big plus will be the opportunity to write to someone from the team in the LinkedIn or Facebook and find out the details of the project.
2. Too much advertising. If a few months ago the volume of advertising was one of the keys to the successful holding of ICO and the closure of the soft cap, now a large amount of advertising is of concern to investors. Too much praise for the project is a sign of the scam.
3. Huge discounts and bonuses. Discounts during the presale are good, but there are some projects that go too far with generosity. It seems that they do not see the value of their token at all. If the team does not see the value of its own token, then the investor – even more.
4. Advisers. A good adviser will bring great benefits to the project. He will help not only with his competence in his field (blockchain, marketing, etc.), but also thanks to his reputation will help to collect investments.
5. The availability of MVP. This is a huge advantage. A potential investor sees that work is underway on the project and, most likely, the project will continue to work after the ICO.
6. The presence of Escrow. This is a guarantee that after the completion of the ICO the founders of the project will not hide with your money. It is worth saying that not all successful projects have escrow and it did not stop them collecting the necessary amount and going to the stock exchanges. But when there is escrow – this is a big advantage.
In our opinion, these are the main points that should be taken into account when choosing a project for investment. In addition to them, you can also highlight: site failure, poor technical support, a panic of investors, a presence of code on GitHub. There are dozens of such items. If you have any doubts about the project, then it’s better to go past it and not let the scammers weld on you.
Nevertheless, all these items are not a guarantee of a successful ICO. Be very careful when choosing ICO and do not invest more than you are ready to lose.
I will be interested to know your principles. Please share it with me
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