Topic: What we need to check before investing in ico? - page 8. (Read 1515 times)
You should do your own research about the ICO before investing. Should follow ICO Facebook and Twitter pages consistantly. Also should read the ICO whitepaper. Don't forget to get ideas from crypto experts.
Personally i think team and product is most important, so i check every advisor and team member with right click and search google picture, checking their social profiles and checking github for product.
The real problem is than the succesd of an ICO depends at least 90% from marketing, so any effort is made just to make a proposal that "looks good" and very little attention is given to the creation of a solid product.
So, check anything as you said, but try to verify if what it's claimed is true or they are just empty big words.
So, check anything as you said, but try to verify if what it's claimed is true or they are just empty big words.
Check for:
- Realistic goals
- Good tech
- Good trustworthy, preferably known dev team
- Realistic goals
- Good tech
- Good trustworthy, preferably known dev team
Thanks for adding. Dev team is a must before deciding to invest or not and its mention above.
Realistic goal is also very good. If the goal of hardcap is too high, it similar with the high supply and high price. Its not good to invest there.
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 .
Thanks also for this. I will add.
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 .
Check for:
- Realistic goals
- Good tech
- Good trustworthy, preferably known dev team
- Realistic goals
- Good tech
- Good trustworthy, preferably known dev team
Check the whitepaper of the ico and always check the team behind the ico. Do not fall into trap of fake icos. Do you invest money blindly into icos because they are very risky if you don't know what you are doing.
You better check the team profile and whitepaper of the ICO.
Yes. Before you invest you need check or research about that ICO. Check the market and what project their planning. Read also the whitepaper and find what is the interesting of that project. And also if the project is the productive and we can earn money. We need to check before we invest so that our capital will not be wasted and also we can earn a bigger profit. 
I think it would be best if you first check the market that the ICO is trying to aim to see if it has potential and also check who the admin of the ICO is and research if they are trustworthy.
I would usually read the whitepaper to see if the project is interesting / has a long-term viability to it / how much time they have spent and how much momentum the project has going into the ICO. On top of that do some background checks on the team - recently there have been cases of projects with fake profiles / credentials.
Basicaly the first thing to do of my opinion is to check their team members. check their history who are they where they worked before their in and everything, then you check the whitepaper and i believe if the teammembers are good you will be convinced just from it.
Another thing that need to be added to your factors that need to be considered before one should invest his/her money in an ICO is to take a look the profile of the campaign Manager that promote the project. Recently, a well respected Manager Sir aTriz exposed a project that he was managing their bounty campaign because he is man who don't believe in such lifestyle to make money. And he advice the public not to invest their money in that project.
I would read the whitepaper and business plan to test the integrity of their strategy and execution team. Look for projects with existing traction in the market with their offering.
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.
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.
Hello!Good post!I have more variants to check out if ico is good..First whitepaper,advisers,idea,i take look,compare the names and surnames with real,check in facebook or other social platforms and second is compare withepaper info about tge base office location in google maps if all is correct then i claim the ico.
You better check the team profile and whitepaper of the ICO.
Thank you for you list, it's a very complete one.
The real problem is, of course, that even you check anything you can never be sure, as you can't verify that what they declare is true.
The real problem is, of course, that even you check anything you can never be sure, as you can't verify that what they declare is true.
Quote
* Icobench.com
* Icorating.com
* Icobazaar.com
* Icoscanner.io
These trackers are very good for finding ISO on different characteristics - dates started, end dates and so on. But you should not trust their evaluation - very many projects pay the rating. It is necessary to do your own research of the project.* Icorating.com
* Icobazaar.com
* Icoscanner.io
Thanks for remind us not to 100% believe to this site because many project buying rating.
The rating of project and review is not 100% objective.
However, first we can use this site to know the project and second we check other thing
We have to check their background and the team behind the ICOs, we also look their developer and the platform of the project. I also look at the road map and the whitepaper of the project and blockchain.
Indeed!I totally agree. Before investing we have to check, investigate and consider important factors, like it's legitimacy. Though the fact that investments involve some degree of risk, we can have our money work for us to earn more money, than having to earn that extra money ourselves. It needs smart and wise decision.
Quote
* Icobench.com
* Icorating.com
* Icobazaar.com
* Icoscanner.io
These trackers are very good for finding ISO on different characteristics - dates started, end dates and so on. But you should not trust their evaluation - very many projects pay the rating. It is necessary to do your own research of the project. * Icorating.com
* Icobazaar.com
* Icoscanner.io
Jump to: