Topic: Successful ICOs have these in common - page 2. (Read 590 times)

Celebrities provide hype, not trust. They probably know nothing about all of this and were just paid out, it doesn't show that ICO will be successful.

wow nice one bro, u did a lot of research!

Those celebrities are not promoters, but partners of GCOX. If I get it correctly, they've signed a deal that GCOX will list their "celebrity token" when the platform is ready.

Just as Manny said in his tweet https://twitter.com/mannypacquiao/status/1028116116936175616

I will stay away from ICOs that are promoted by celebrities. Look at Centra Tech which was promoted by Floyd Mayweather. I don't know if it was a scam but the US regulators had already shut it down and gave warnings to celebrities on endorsing ICOs.

Anyway back to the topic, a good ico must not hide information from investors. I have seen projects where the devs do not release any future plans. Only invest in projects where the team is honest and provide a long term plan in the road map.

They have three celebrities already. Owen, Pacquaio, and Jason Derulo. They also have a great list of private investors, one of them is Bin Zayed. Sounds good, but I don't know how successful it will be.

Yes thats rigth, if we sre talking just about the legitimacy of a project to not become scam. Verifying the team will tell everything. If it in real existing and more public appearance in front of more people. I can say this is legit but not meaning will become successful project. Be more researcher if need to find good ico

ICO scams have become increasingly common, it takes considerable work to sieve through the huge numbers and get to the good ones. Here are some indicators that could be a template in making your own choice, The list is not exhaustive , please feel free to add yours and help us build a better forum.

1. Project Concept or Idea- what stands out with the project? is it another 'payment' coin with no additional innovation or something mind-blowing

2. Team -A great project will not succeed without a great team, proven expertise and integrity, you may need to use "reverse google image" to ascertain if they are real

3. Board of Advisers - Great projects usually do not fall from the skies, there is usually some build-up to it,and involves respectable personalities giving some guidance to the project

4. White Paper - If the white paper is bad or plagiarized, there is really nothing to work on.

5. Feasible plan- Is it a plan that can be implemented, not just on paper

6. Website- should not be crappy ,great projects have nice and easy-to-use website loaded with information about projects, no malicious links

7. Marketing and Promotions - Project must have a good reach and publicity, usually reflected in social media activities

8. Legal Compliance - There should be enough legal back for he project, no restrictions or government regulations against it

9. Code Security - Ideally should be public and safe ,without bugs

10. Token Issuance and distribution -  Fair distribution to teams members, advisers, community, reserve etc.

A good project will score high in all these fronts.
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