Topic: What are the 3 thing you look for in an ICO? - page 3. (Read 6348 times)

First and foremost thing is their project and future of it, second is the team behind the project and third is the road map of the project, how and what is their schedule of full launch. White paper is also a requirement of study and if all these are as per your expectations, then you can look for that ICO.

You know I often invest in ICO and in those ICOs I often look at the future concept of the project and the profit involved in the token. If the token have a good discount in the ICO then I do not hesitate to invest in them because when they release the token in the exchange after the end of ICO then I can get the discount amount as profit and when the project has a good future and it will get more demand in the future then I often hold my token to that time and get a good profit.

When you select the ICO I always pay attention to a few things.
1 Whitepaper it is important to understand that the team wants to do what the results are, and what kind of a road map.
2 the team Itself. if there half human even though there is a great idea for a trillion dollars nothing will happen
3 response from the community, some projects are still under PRE-ICO are already gathering a community of a few thousand, and then quickly develop. A large number of people at once suggests that the project is needed.

Yes. You are right. Real backers with a real team are so important. I am trying to find recycling and energy projects. Most have teams with no relevant experience. And what you are saying about the coin amounts is VITAL. Look at Powerledger issuing tokens irrespective of amount raised in the ICO. So everyone will be diluted and no one can make money except themselves. And they must have been greedy, because their sector is the right one.

Prosume has a much better team, much better future, on the board they have Ernst and Young and sovereign wealth funds - and their structure is correct. Best one I have found so far.

Here the first factor for me , always forces me to see the what the unique quality or concept is with the coin that is making it much better and unique from another coin .
Beside of this quality for me the better thing to analyse is numbers of the units of the coin that will be specify by the team before the launching .
Here no. Of coins really tell about the price of the coin , Because here if the no. Of units of the coin will be less then the price will be high performance coin and that will create a big difference in buy and sell price of the coin , and in that case we will be able to make small small amounts of bitcoin to that coin trading to make profit .
Another thing that I see usually is the background of the business of the coin's owner Because background is a big thing for the coin's future , if the owner of the coin's is rich person and also famous then we can expect better results from the investment in that coin .

Thorough read of the whitepaper, the team, the numbers, is there potential to grow? and the IDEA that plays the biggest role.

I take care of these three things first
1) I look at their team
2) White paper
3) Social media activities and popularity

Thank you for this ! I am new and these kind of posts help a lot - will check your website as well. Great. Especially the third point seems to make a lot of sense to me. It seems as when the projects do not only have the backing of participants from the ICO world, but also the backing of people from the underlying industry, there is a real connection between the two sometimes which can be very good.

A good white paper is paramount as it outlines what the plan, product and projections etc. The next thing is the team behind it, they should have relative experience in the ICO i.e. if it is in gaming development there should be people in there who have expertise not just people making an ICO for the sake of a crowd fund payday. Finally the idea needs to be solid, if the idea is a duplicate of something else it needs to have both things mentioned before plus a new fresh approach or it simply won't make it.

I am relatively new to this space, but I have done some research and I think one way of approaching it is to decide on sectors that are promising first and then weed out the 99% useless projects which are often the once with the most aggressive marketing and ridiculous bounty strategies.

Then the whitepaper needs thorough reading, and the team needs to be top notch - not only from the blockchain side, but also from the "traditional" business side of the company sector, and then the structure of the actual ICO needs not to be detrimental to participation.

I agree with what you've mentioned. The concept of an ICO is important because it will capture the attention of the investors that determines the succes of an ICO. The team will also be a part of an ICO's success since some people are being trusted by the investors which again, welcomes more people to invest in an ICO.

for me = idea, Developer experience and bounty manager

These are my some of important things to discover are
1. Look about the company information
2. Why did they started and for what purpose.
3. Are they really exists or not.
4. Margin capital money for promoting ICO.
5. Can it be successful or not.
6. Developer experience

There are several things, but scams always hijacks everything, however in these days ICO's are more than 200 per month.

In addition with this, is to look their roadmap and it's capitalization. Because we all know that, thay have attractive and promising rewards, and we can't really know at start if it is legit or not. But looking  for their roadmap it could be a big help for us to determined its purposes in the future and we can track them easily.

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Hello PHOENIXDOWNDEE!

Very well said!

Your break down of what matters in an ICO is very well thought of, and the description you made is lacking nothing in my view.

I couldn't agree more and I've actually "stolen" something of yours and taken inspiration for our own Energy Market focused ICO.
I hope you don’ mind.

PROSUME

The ICO we're promoting is called "PROSUME" (www.prosume.io)

Reading your post, I realized that on the PROSUME ICO side, we're lacking two things which you mention (but I promise that they'll both be sorted out within Monday), which are:

1. a strong media presence;
2. a very available and responsive customer service platform.

Objectively speaking, I was happy to assess that PROSUME is actually really good concerning all the other points you listed.

PROSUME’S HISTORY AND MISSION

PROSUME is an ICO aiming at building a business, geared to provide effective customer friendly solutions, for some of the major challenges the energy market is facing globally.
The business divisions we are implementing have all been devised as a result of extensive energy market related experience, most of which has been experienced directly by PROSUME’s team members.

Nearly three years ago we grouped up with the best people we knew in the tech field in order to devise cutting edge digital solutions addressing pressing present needs.
 
At the same time we started thinking about how to structure a company able of providing products and services, effectively devised to face the needs which are clearly going to become predominant in the near future, in order to aim at the most sizable opportunities connected to energy.

We quickly came to the conclusion that PROSUME could become a provider of solutions having an objectively global reach and started testing our concepts, on an informal and friendly basis, with a number of established energy companies globally.

Substantial work has been put into this ICO, mainly in devising the range of products (better defined as "improvements" or "solutions") which we are bringing to the market.

PROSUME is fashionably "disruptive", but I prefer to think of PROSUME as a real generator of added value, facilitating and enabling significant improvements in existing business segments.
We're a platform enabling energy related transactions, and we’re inter-connectors.
We help our clients to quantify and measure, we help them maximize and we provide them with tools enabling them to buy and sell more efficiently, for a better price, no matter if our customer is an Energy Utility, a Transmission System Operator, an Energy Trader, the owner of a Renewable Energy Power Plant or a simple retail energy consumer.  

The PROSUME business concept isn't only “a platform”, it also comprises, and is embedded with, an array of solutions facing current problems we all experience daily when it comes to energy.

Most of our team members have extensively worked with and had access to historical customer service stats and data, we've accumulated years of relationships with all levels of management, at traditional State Owned Energy Utilities, Corporate and Private Clients as well as with Renewable Energy power plant stakeholders.

So, in substance, at PROSUME we know what the issues are, and we have a series of "ready to deploy" solutions which effectively answer some of the most relevant demands Grid Operators, Energy Generation Businesses, Traders and end customers need.

PROSUME’S TEAM

Please check out each of our team member profiles on PROSUME (www.prosume.io).
PROSUME has very senior energy professionals on board, having an extremely relevant array of experiences, in both the traditional fossil fuel energy market, as well as in the renewable energy business. Storage and Electric Vehicles are also business segments PROSUME team members master and are developing actively.

The Team Members of PROSUME have been directly responsible and personally involved in the development and construction of over 1,5 GigaWatts of different kinds of power plants globally.  
All Energy Group members of the PROSUME team have sat in decision-making positions concerning deals of major relevance on a global scale.
In fact, most of the members of the Prosume team presently work in some of the largest and most influential companies in the energy market.

PROSUME – RISK ASSESSMENT

We're aware of regulatory restraints and we’ve carefully assessed all risks our business model faces today and may face in the years to come.
We have no fear of regulations and Laws and we do not see them as an obstacle to PROSUME’s success.
We are in fact already providing extremely substantial services to certain major European Energy Utilities, based on existing regulation.
Most of all, as shareholders of PROSUME, we’re all newcomers and we are part of a new digital generation, so by definition, we strive to be flexible and to learn all day, every day.
 
According to our internal assessment and based on extremely qualified Legal advice, Regulatory hurdles, however notable, rank amongst the least problematic risks that Prosume will have to tackle.
As a company, following a successful ICO, we will have to interview and select a sizeable team of qualified professionals, able of hitting the ground running and confortable with teamwork based task assignments.
Selecting, securing and retaining top-notch human capital will be our most challenging and expensive task.
Anyone who has been an entrepreneur or has been involved in human resources selection and management knows how difficult and important finding the right people is for an organization.
Our hope is that talent will attract talent and that our work place environment will represent an element of strong seduction for the best people out there.

PROSUME – BUSINESS CASE

We all use electricity. More and more of it every year.
On a global scale, we will use TWICE as much electricity (this is a very conservative figure) per capita globally, only within the next 10 years.

Why?
-Because of the billions of people which are struggling to come out of a life of poverty, who want to own a fridge, a TV and be able to turn on lights at night, or even have air conditioning and heating...
-Because at a pace never experienced in history, we create, transmit, modify, share, store, need to protect MORE AND MORE DATA, of higher and higher quality, in UNPRECEDENTED AMOUNTS, which grow every day.
- Because our cars, our phones, and all other appliances in our lives, are becoming more sophisticated, are powered by electricity and becoming progressively more interconnected, powerful and “intelligent”.
 
Based on projections of penetration of electric cars alone, the world will require additional power plants able of generating 10 times the electric energy presently available, and we’re only taking developed economies into account.

Electric Vehicles, which are estimated to gain a market share of around 15% of global vehicle sales within 5 years, will require cities to be completely transformed, especially power grids will have to become purely data driven and able of processing and prioritizing colossal amounts of complex data inputs.
The blockchain and smart contracts are the only present solution, able of making this daunting challenge possible.
 
None of the objectives listed above can possibly be achieved unless a true digital transformation is implemented.
Fundamentally, digital disruption and the realization that technology can enable impressive new possibilities is changing most markets profoundly and very fast.

- When it comes to Energy, some of the most frequent and relevant questions we face are:

Can we pay less for it?
Can we possibly choose where it comes from?
Can I buy locally, maybe from my neighbours PV plant?
Can we choose to buy energy generated from clean sources, rather than energy generated from very polluting sources?
Can we keep extremely polluting energy generation accountable and somehow discourage its proliferation?
Can I invest in renewables and storage and does it make any financial sense?

The answer to all of these questions is YES
Prosume was conceived in order to make it happen.

PROSUME - PRESENT ACTIVITIES – BUSINESS CASES
 
PROSUME is currently working with leading European traditional utilities on a variety of projects.
A common request Utilities ask us to implement is aimed at pooling a small to medium sized sample of their existing clients, some of which produce energy with solar plants (for example) who agree to be joined into a “micro-grid”, in which energy exchanges between energy producers and consumers become possible with the help of smart contracts and by means of crypto-currency payments or exchange of services between the beneficiary of the energy and the supplier.

These transactions happen seamlessly, without any requirement for personal actions on behalf of sellers or buyers, simply based on algorithms automatically programmed to select the closest, cheapest energy source available and buying it when one of the members needs energy.

Clients can pre-select and choose where they buy energy from and save money buying from different generators which are part of the microgrid. Producers maximize their returns on renewable energy investments because they are enabled to sell the excess energy produced by their power plant to private or corporate clients for a higher price compared to the price the Utility would have paid them.  

Another major application PROSUME is actively deploying with a European leader in distribution and transmission is described below:
 
TSO (Transmission System Operators), are often State owned and are the owners of the medium and high voltage electrical power lines.
TSO’s have an outdated and obsolete business model and face pressing needs when it comes to maintaining the stability of electric grids in the face of renewables which by definition are non programmable energy sources.

Their business model as it is doesn't make sense any longer. Not from when renewables have become a relevant part of the global energy mix.
Their dispatchment and transmission lines are used to transfer energy from one place to another, from producers to consumers, based on obsolete pricing systems, based on obscure and imprecise algorithms used to price transmission costs...
The electric transmission system is one of the most inefficient and primitive markets of the world today and TSO operators work under great stress and we risk blackouts due to instability and demand-response issues and inefficiencies.
  
PROSUME has initiated talks with major European TSO's, in order to implement a blockchain based system under which each unit of energy can be tracked by each TSO in connection with the distance it covers, the source it is produced by, whether it is local energy or "imported", whether its clean or dirty, the priority ranking the demand side ranks under (Imagine the TSO where able to distinguish between "energy priorities", such as the demand for energy coming, for example, from a breathing machine in a hospital. We all agree this kind of need would have to have priority over an electric oven)

This is a good part of what we’re striving to achieve.

I'm available to answer any questions with all the spare time at hand.

Giacomo    

I will first see the what influence it has in the market and how importance to have it.I will also look at team and their LinkedIn profiles.

For me it would be 1- Team, who they are, how many etc. 2- Aplication/inovation, how unique it's the idea behind the project, if it can solve any real problem 3- Marketing strategy, this goes in hand with the team factor, so if I see a good plan to spread the word about the project then the team factor gets more credit.

1) Small (realistic) market cap
2) Idea that has real life use
3) It has certain requirements that makes it harder to invest in (will be worth more once it hits exchange)

For me #1 - innovative and realizable idea and road map, 2 - solid development team, understandable WP

Private investors, project goal and team previous experience.