Topic: What we need to check before investing in ico? - page 3. (Read 1515 times)
Wow this has a lot of your effort. This will be very helpful to newbie like us here in crypto world. Hope this is not be the last just keep sharing. Thank you so much.
One of the most important factors, when you make an investment in an initial coin offering or any company in the crypto currency market is the competition and partnerships, will do this is a tedious task and may take a lot of investigating it is certainly worth the pain because it is important to know how many other solutions exist in the market and whether this is the best solution to go with
The team’s stakeholders — and especially its founding members — must be publicly posted, with links to learn more about each. The possibility to go on their profiles on Linkedin and Github (for the professional profiles) is appreciable if it is essential to get a better idea of their experience. The Role of the Token in the Project. Will it be used as an intended use? Could the plan work? It is common for projects running ICOs to have no need to create a new token. The reputation is also an important factor! Projects that are unknown or considered far-fetched will not be accepted by all exchanges.
Before investing, make sure to verify the team members of the ICO. Make sure that you run a normal background check for them for the authenticity purpose. And please read their provided whitepaper. All of the important information of the ICO is in the whitepaper.
To make sure that your participated ICO is not scam and to avoid bing scam, we necessary needed to check the ICO before we invest because it is the right thing to do and need to consider to check or study it to avoid losing money. Also the important of checking the ICO background is to make sure that your invest is in a good ICO because honestly do investing is not easy to do and have risk to take, so checking it is very important to make sure you can get profit. 
First, do your research on the topic. If you are planning to invest in cryptocurrencies, make sure to spend at least 24 hours of reading time understanding what blockchain is, what are cryptocurrencies, security measures you should take before investing in cryptocurrencies and so on. Remember that no research is enough and you need to keep updating yourself constantly.
there are several things to do icos first important thing is advisors of ico second way is whitepaper third way is team and their hype. if one ico has these three thing it will get succes.
Before investing, make sure to verify the team members of the ICO. Make sure that you run a normal background check for them for the authenticity purpose. And please read their provided whitepaper. All of the important information of the ICO is in the whitepaper.
IM checking only 2 things: first is team , is there any russians or not, and some known persons . Second is traffic of their project if they know how to gain visitors and hype around their coin then im buying for short time.
I would add www.icoguide.com to the rating platforms, they have very realistic scores and platform itself is also good,.
if I personally always check the product, roadmap, whitepaper and team of the ICO, because I think it is the most important thing to determine whether the ICO will be successful.
To cut the chase, in short, we need to check everything and anything they have. But the main thing that needs to be checked are the dev team, the products and strategies, and its community. These are what I consider salient points in choosing which to invest.
Hey dude thanks for the topic that helps beginners to find out how to check an ico. It was never easy to figure that an ico would be scam or not, we need to spent few hours reading and research all their background, you need that to avoid investing in scam ico.
Hello everybody,
I know mostly people here know what they need to do before investing in any ico but there are still many people ask the same question in different thread specially newbie. They get the answer but in several post which maybe make them a little confusing.
I am not an expert but i could put what i know here. All i know is from reading here in the forum.
Well just start, everything you need to research and make sure before investing in ico project wheater the ico has :
* working product
* Unique or good idea/solution for existing problem or future problem.
* Strong team behind the project
* Strong planning and marketing ability
* Partnerships with reputed company
* good whitepaper and roadmap too
* experience advisor
Edited :
* make sure the idea is different with the exist ico or the old project
* check the supply of the token because it cause the price run
From all mention above, i have 1 thing that is most important in my opinion. That is ico should have working product because working product can lead the ico would be success ( not 100% success but mostly success ).
Maybe this thread will help you to find working product ico : https://bitcointalksearch.org/topic/top-icos-with-a-working-product-new-update-on-0623-2451482
After you do research about above things, you can check the rating and other detail in below website :
* Icobench.com
* Icorating.com
* Icobazaar.com
* Icoscanner.io
Other source to check popularity of the project is youtube and also this forum.
I know its not complete but i hope it can help member who need it.
Note : your suggestion is appreciate to add the detail above.
Thank you
Edit :
* this is the other suggestion, i know some of them is already mention above but i think this is good to add it here. Thanks
I know mostly people here know what they need to do before investing in any ico but there are still many people ask the same question in different thread specially newbie. They get the answer but in several post which maybe make them a little confusing.
I am not an expert but i could put what i know here. All i know is from reading here in the forum.
Well just start, everything you need to research and make sure before investing in ico project wheater the ico has :
* working product
* Unique or good idea/solution for existing problem or future problem.
* Strong team behind the project
* Strong planning and marketing ability
* Partnerships with reputed company
* good whitepaper and roadmap too
* experience advisor
Edited :
* make sure the idea is different with the exist ico or the old project
* check the supply of the token because it cause the price run
From all mention above, i have 1 thing that is most important in my opinion. That is ico should have working product because working product can lead the ico would be success ( not 100% success but mostly success ).
Maybe this thread will help you to find working product ico : https://bitcointalksearch.org/topic/top-icos-with-a-working-product-new-update-on-0623-2451482
After you do research about above things, you can check the rating and other detail in below website :
* Icobench.com
* Icorating.com
* Icobazaar.com
* Icoscanner.io
Other source to check popularity of the project is youtube and also this forum.
I know its not complete but i hope it can help member who need it.
Note : your suggestion is appreciate to add the detail above.
Thank you
Edit :
* this is the other suggestion, i know some of them is already mention above but i think this is good to add it here. Thanks
These 5 Things You Must Know Before Investing in an ICO
1 - Is it a Copy Cat, an Incremental Improvement, or Disruptive Tech?
2 - How detailed is the plan? What is the road map?
3 - How developed is the technology?
4 - Who comprises the Team and Advisory board?
5 - Do they really need to raise Why?
1 - Is it a Copy Cat, an Incremental Improvement, or Disruptive Tech?
2 - How detailed is the plan? What is the road map?
3 - How developed is the technology?
4 - Who comprises the Team and Advisory board?
5 - Do they really need to raise Why?
What should I do to participate in the ICO?
Very responsible approach to the selection of the project.
To study all possible information on the project.
To communicate with other potential investors at the forums, where information on the project is published.
If knowledge is allowed, then study the project code and its business model.
Assess the risks of investing.
Very responsible approach to the selection of the project.
To study all possible information on the project.
To communicate with other potential investors at the forums, where information on the project is published.
If knowledge is allowed, then study the project code and its business model.
Assess the risks of investing.
Check for:
- Realistic goals
- Good tech
- Good trustworthy, preferably known dev team
- Realistic goals
- Good tech
- Good trustworthy, preferably known dev team
The existing product note is important because we can see a lot of projects which did raise a lot of funds but after that their token price is dropping like boobs with age.
I agree on OPs list but i would like to add some more.
1) Idea explanation. It is very important that the project can explain their idea in simple way. If they cannot do it ,they are over complicating things which is one of the reasons why startups fail or they just dont care about the idea and project. KEEP IT Stupid simple.
2) Look for their attitude towards details and graphic design in their project webpage, telegram , bounty and ann thread. it does show that they care about their project.
3) Country. I dont want to induce nationalist discussion. But country / region matters. Economy and regulations differ in regions.
4) In some cases projects already have raised some momey in different way which could be a good indicator . For example IcoPass has managed to attract money from " Horizon 2020" which is not a easy thing to do. In most cases this one will be similar to " existing product" criteria .
I agree on OPs list but i would like to add some more.
1) Idea explanation. It is very important that the project can explain their idea in simple way. If they cannot do it ,they are over complicating things which is one of the reasons why startups fail or they just dont care about the idea and project. KEEP IT Stupid simple.
2) Look for their attitude towards details and graphic design in their project webpage, telegram , bounty and ann thread. it does show that they care about their project.
3) Country. I dont want to induce nationalist discussion. But country / region matters. Economy and regulations differ in regions.
4) In some cases projects already have raised some momey in different way which could be a good indicator . For example IcoPass has managed to attract money from " Horizon 2020" which is not a easy thing to do. In most cases this one will be similar to " existing product" criteria .
So completed. Just let's start practicing the tips and tricks in investing in the crypto. However, does it work? Exactly, it may work on some people but some don't work. What we need to do is analyzing more about the ICO as stated on the post and other terms to be acknowledged. Additionally, be patient, wise, and also smart to decide which is best for you to pick.
I always check the website and any existing white papers to ensure whether the ICO has a clear goal or not. of it will certainly be able to take the conclusion whether it would be useful for the future or not. But even so, of course, it's also not entirely can be used as a benchmark. a lot of other things to be seen and analyzed as well.
This information is very valuable. Mostly, the investors will do these things. You can check them one by one to analyze which ICO is good.
I will always at least analyze the product, concept, token supply, transaction on the wallet, team that builds up, and many others. Just to complete the information.
I will always at least analyze the product, concept, token supply, transaction on the wallet, team that builds up, and many others. Just to complete the information.
working product
Unique or good idea/solution for existing problem or future problem.
Strong team behind the project
Strong planning and marketing ability
Partnerships with reputed company
Good whitepaper and roadmap too
Experience advisor
After you do research about above things, you can check the rating and other detail in below website :
Icobench.com
Icorating.com
icodrops.com
Icoscanner.io
Unique or good idea/solution for existing problem or future problem.
Strong team behind the project
Strong planning and marketing ability
Partnerships with reputed company
Good whitepaper and roadmap too
Experience advisor
After you do research about above things, you can check the rating and other detail in below website :
Icobench.com
Icorating.com
icodrops.com
Icoscanner.io
We need to check before investing are the team involve in the project, we need to know who they are, check their profile, consider also the product involve, we really need to secured our investment for us not to lose our money.
It is very important to research the project team. Do they hide their real names, is it possible to find their profiles in social networks, what technical experience they have, are they strong in marketing, are there any experience in large projects?
I think these tips have represented the right ways to start investment in the crypto. They are important information that can be a consideration. however, all may have different perception. Additionally, we must also be ready of the results that we may get from the investment. The profits and risks must be considered carefully and wisely. Just do more research and take your best coins to invest.
The first thing i want to check before participate in ICO is the team profile, and the project itself.
Later i will check their social media and join them for updates. If i find these are good, then i will contribute.
Later i will check their social media and join them for updates. If i find these are good, then i will contribute.
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