What is the most important part of an ICO? - page 2.

orangeferrari3

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Quote from: South Park on February 26, 2018, 11:53:10 AM

Quote from: orangeferrari3 on February 26, 2018, 11:26:05 AM

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.

Makes sense. Sometimes even when the product is good and the marketing bad, the ICO fails sadly.

orangeferrari3

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Quote from: chitocrypto on February 26, 2018, 11:40:46 AM

Top 3 I am looking for an ICO are
1. Team
2. Use Case
3. Prototype or Github

Github does not make that much sense to me but the idea and team are something I can check.

orangeferrari3

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Quote from: henryfekok on February 26, 2018, 11:39:41 AM

Try to get as much information about the team behind the project it self, you cant trus some random person who doesnt even have linkedin page right ? after that try to look at what project they devlop, is that project even make sense to realise

The right team is the key to a successful ICO I guess. Yes. In-depth research into the team is definitely required.

orangeferrari3

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Quote from: delarossa on February 26, 2018, 11:38:37 AM

There are various factors that support the success of the ICO. In my opinion, they could be willing to spend money with a large amount just to promote their ICO via social media or other. Not only that, they also know how to get investors interested in their ICO. For example creating simple, high-quality video content that can explain the purpose of their project in it in order to attract investors to join their ICO. So from that, not just a promotion but they know how to make the promotion can attract investors. Thank you.

Right now more than the idea, the marketing seems to pay off.
Higher the promotions and budget put into marketing, greater the yield from investors. Thanks for the time.

adelaisav

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Quote from: orangeferrari3 on February 26, 2018, 11:26:05 AM

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.

Discover all around the team, particularly the core/development group and the advisors. Look into each colleague for pertinent experience. Google their names. Visit their LinkedIn profiles. Search for celebrated names among the advisors. See whether the team has any crypto experience and all the more critically – in which activities, or ICOs, they were included with and the effect they had.

lunafreya

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I think team and main idea of the project are the most important parts of an ico. I generally look these two if I am gonna invest an ico or join their bounty campaigns. Because I should trust their team. And their projects should seem to me reasonable.

liangweicha

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The Experience Layer of the Decentralized Internet

I think the white paper and the technical route is a the most important part of the ICO project, because if the project has nothing to do and blockchain, so the project may not succeed, so I think need to first study the white paper before investment ICO.

katixrecamara

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For me I chose the developers. I believe they are the most important part of ICO, they keep campaign going. However, I dare say every part of the whole is important.
Going back to devs, if their idea suck and have been presented time and time again then it is bound to fail. On the other hand, if developers are exceptional but are not able to follow road maps, then community will lose faith in it and the same goes-it will fail. Needless to say developers are very critical in every project, it is a variable to consider for ICO to be successful. But of course other factors need to be considered also.

sunX3

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For me, it has to have some real-world useful application in an area I'm interested in. That's how you'd get me to invest. Of course, obvious things like it not being a scam and so on still apply. Grin

Topher65g

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Obvious dedication to the project and quality site as well as white paper. If your English is decent you can spot a scammy one upon a second or third look at their white paper and their overall plan.

olubams

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Several things ate important which appeal to individual pockets differently. For me, the key thing is the team behind the project. There are people who still value their name more than some coins they could have in their wallets. The moment the team the project is parading and have been vetted to exist through various due diligence means by myself and other people interested in the project, I am comfortable that to a large extent it can be associated with. A good team for a start won't bring out a non-workable project.

helloge

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The Experience Layer of the Decentralized Internet

Quote from: Haunebu on March 02, 2018, 03:01:47 AM

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.

I agree with you, the dev team or its experience and knowledge on this project can be seen on the whitepaper, so the most important part is the whitepaper, thought there are some ico project succeeded with a simple whitepaper, also, I think the promotion is in the second place.

Fundalini

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The most important thing is that they already have a working product, not just some theoretical business model. The actual idea is of the same importance as it is the main reason/selling point of the problem. If it turns out that the idea is too ambitious, it might be a sign of a red flag.

Haunebu

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www.Crypto.Games: Multiple coins, multiple games

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.

Mrs Troll

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You can confirm that project is not a scam if closed groups of investors gave them money in closed pre-sale round. Guys like ICo Drops check teams very carefull, sometime even with live sessions and participation of such groups usually mean that project is legit.

Baronggot

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For me, the team is the core component of ICO because the team is responsible for the project concept or idea, delivery, management, support, and implementation of the project. Basically, without them, there will be no ICO.

ksiazek7

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The team is the least of what I'm looking at. I give it a glance to make sure everyone has some experience in their related job. You simply can't know the team well enough to judge the ICO based on them. How many of them are going thru a divorce? Lost a parent? Have crippling depression? Those kind of problems don't show up on linkedin and can sink a project just as easily and completely as anything else.

I personally look at the idea and how it will have a impact if they can achieve what they claim it capable of. Then I look at token economics, is it tied to the idea in a way that the token's I'm investing in will be worth something and will go up in value with the product. Then if they have a finished product, alpha, or beta. Finally I look at the total token sale to see where it lands with a hypothetical all sold tokens starting market cap then try to figure out where it can go towards from there either on similar projects or simple speculation on my part.

BinManR

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I think the idea of formation and the technology of practical application will play a pivotal role in shaping, building, establishing a successful ico.

soloinvestor

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Quote from: orangeferrari3 on February 26, 2018, 11:26:05 AM

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.

In my opinion, it is better to make your own research and trust your guts.

The most of the privacy coins are undervalued right now.

The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.

I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.

They are on Pre-ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058

Ender19

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Say what you want but I think it's whatever Trust means to you, and of course earning potential. Earning money means nothing if it's so fickle you can't keep it (trust), and trust in an investment means nothing if it won't earn (opportunity risk).

Topic: What is the most important part of an ICO? - page 2. (Read 410 times)