Topic: What is the most important part of an ICO? (Read 410 times)
I think the most important thing in an ico is the team working on the project if the team is very active in developing and providing policies that make the project interested to investors. it will be successful.
The most important part of an ICO is their whitepaper. Inside this it includes their team, approach and the project itself. You can judge a good ICO by reading its whitepaper and get really amazed. In that case many investors will be interested in that project.
There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
Yeah its difficult to judge if it's a scam right in the start of the ICO but if your are constantly monitoring them at the telegram and asking much questions directly from the developer and repeat it in the few days for consistency I think you can prevent that. Sometimes you need also to weigh in how big is the impact of their project against their hard cap and check their road map if attainable with the time frame allotted. You need to scrutinize all the aspects about their ICO and be persistent to them before you invest your funds. Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
The team is uniquely important, it's undeniable. However, the idea of the project is still more important, IMHO. In fact, everything starts with an idea.
The important of an ICO is the team, supply details, the idea, and the financial support.
There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
Hey, whatever idea is if this idea in inexperienced hands it will not succeed to my mind, so that is why I personally paying more attention to the team of the project and advisors and never invest in those projects devs of which has 0 experience. Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
in my opinion the number of tokens or sofh cap and hard cap that must be achieved
because if it is not achieved it will make the ico slow in the movement for listing on the market.
because if it is not achieved it will make the ico slow in the movement for listing on the market.
That woyld be the white paper, youll be able to judge a project. The white paper actually contains all the information about the project. Check out who the development team are and the basic things you have to know. A good whitepaper is a factor for having a good project. Ive seen to many project and most of it can be easily determine if lrgit once whitepaoer is tested.
The most important part of an ICO is the tokens of company.. Tokens are initial offer for us by company.
There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
The devs are without a doubt the most important part of a project but at the same time everything is important, if the developers are good but their idea sucks or it has been made a million times then the ico is going to fail, if the developers are good but they are not able to follow the road map then people will lose faith in the project ever being developed, so as you can see while the developers are critical to the success there are simply too many variables to consider if an ico is going to become successful.Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
I know all of us are not reading from the first word of the white paper to the last words written on it. But we need to see the ICO details, like the first thing to check is the team members involve with the project, second is its purpose, and I know and let's be honest that the first thing we want to see is the token value, hunt me down if I'm wrong, third is the implementation of the project, how they started it.
The soft and the hard cap are important, a project without those seems like a project trying to get as much money as possible and with no idea of how much it is going to cost them to develop the project, if the cap is too high then the tokens are too expensive and you will be better if you just wait for the tokens to begin to be sold by the ico investors.
Are the claims of the ICO technically feasible?
Does it make sense to be on the block chain (i.e. benefits from a trustless transaction)?
Can the team actually implement it and run a successful ICO?
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Is the project good for the world?
Does it make sense to be on the block chain (i.e. benefits from a trustless transaction)?
Can the team actually implement it and run a successful ICO?
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Is the project good for the world?
Top things while choosing an ICO are
1. Team
2. Idea
3. Whitepaper
4. Prototype or Github
1. Team
2. Idea
3. Whitepaper
4. Prototype or Github
Look for integrity in the business plan and execution team. Check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io. The product has existing traction with 250 clients and partners in Europe and Asia.
As far as i am concerned the most crucial thing behind every ICO is the development team and their unique idea behind that particular ICO.If the idea is not materialized or they are deviating what they proposed then definitely that ICO would fail.Some people are also directing towards whitepaper,fund management,road maps,if the team which is formed to attain all of these correlated factors is not following it,what would happen these factors would be written as it is,but it will lead toward failure of ICO.So i can conclude that a well groomed,efficient,experienced team has a strong hand behind the success of every ICO.
There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
Yeah, you're right. A dedicated team with a lot of experience will surely be trusted by many investors and there is more motivation to push ICO more successfully. However, in my view, I find that a successful ICO also needs to incorporate many elements such as technology background, roadmap, clear information and compliance with the requirements of the roadmap. Coherence between factors will enhance the success of an ICO. This is just my opinion Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.
I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.
I am open to opinions and would love to know if anything else is as important.
First things first, do a good background search on the developers. Become a stalker for that moment. Learn about them. Check if they are well known or some new people who are working on their moms basement (LinkedIn helps a lot in this case). Next do another research on the project. Check if what they are trying to deliver is actually possible or weather they are "all talk". Finally trust your instinct.
This is a tough one. Personally, I feel that the whitepaper is the most crucial aspect of any ICO even more than other factors like team etc. Why? The whitepaper outlines how serious the team is about their project. I usually check the whitepaper and examine it thoroughly(Objectives of ICO, Features of the coin, Roadmap etc) before deciding whether or not to invest into a particular ICO. I check the team members, website etc also, but give maximum importance to the whitepaper which is why I recommend everyone check the whitepaper before investing into any ICO.
But the whitepapers can be written by third-party services these days.This is a tough one. Personally, I feel that the whitepaper is the most crucial aspect of any ICO even more than other factors like team etc. Why? The whitepaper outlines how serious the team is about their project. I usually check the whitepaper and examine it thoroughly(Objectives of ICO, Features of the coin, Roadmap etc) before deciding whether or not to invest into a particular ICO. I check the team members, website etc also, but give maximum importance to the whitepaper which is why I recommend everyone check the whitepaper before investing into any ICO.
But the whitepapers can be written by third-party services these days. I think an experience and solid project team is the most important factor for a successful ICO and project product in long term.
Definitely. They can drive the project towards success even when given an average idea. Jump to: