Which is which? ๐Ÿ˜“steemCreated with Sketch.

in #bitcoin โ€ข 7 years ago

Few factors that we should look for whenever we are investing into an ICO or Initial Coin Offering. Before we even made the investment into that particular ICO we should do some research. We can go easily in google or YouTube - consider other insights of the particular ICO. Everyone of us have our own opinion an perception and this gives us the idea or input on wether we are going to take risk in that specific ICO.

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All the things we need to know should be written in there white paper. There is no standard or any best structure when it comes to this document but somehow it will gives us an overview on what this ICO is all about and where it will be going. The below are the list to consider before taking the risk in investing our money:

  1. Founder or Leader - But most of the ICO have unknown Founder or Leader, if they have then you can easily google it or search it in the youtube on the background and whereabouts of the person.

  2. Development Road Map - its very important to know where are we going and what will be the vision of the company. When will be the beta launch or when will the ICO available in the market. All the necessary things about the development of the ICO where listed in here.

  3. Token Availability on Exchange - If the token will be release in the exchange exceeds 45 days will simply represents a high risk since the team have time to manipulate the price of the token and its affects your chance to repurchase, sell or trade.

  4. Do they have any scheme to earn - At the start, ICO creates buzz on the net to invite but later on after they are available in the exchange the buzz will definitely gone unless they do some advertising to uplift the price of the coin. The scheme to earn will then take over to maintain its buzz on the web.

  5. Developers and The Support Team - Make sure they have a strong team and they have a lot of developers on the team. The support will be the one to interact with the traders, recieve and solve any glitches and issues that may occur in the process. There Webpage at least professinally done coz this will reflect on there product if the page is messy.

  6. Strong Community and the Hype - One indicator that the ICO will have a potential to skyrocket is the buzz that it makes all throughout the web arena. In here we can see its member signing up as daay goes by till ICO start to launch. We can also google on how many searched on their page to inquire and scrutinize their product.

We don't need to be a part of every single investment or every single ICO that comes out, all we need is the specific ICO that has a potential to hit the jackpot. Thats why we need to research each of them and choose which is the best.

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Such a informative post . A complete description on ICO , its quite helpful to me.
I have followed and upvoted you.
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ย 7 years agoย (edited)

Salutations.

JaiChai here.

Yes, research big time when entering an ICO

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Wow thanks for the nice info

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