15 Rules for Buying ICO'S
- Do you understand the project?
- Do they have a problem they are trying to solve?
- Is the problem worth solving? Can you generate revenue solving it?
- Are they trying to solve a problem no one else has solved? (Or are they just trying to put something on blockchain?)
- What blockchain are they on? Are they creating their own, if so, is it DONE?
- How will they generate revenue? (After the ICO)
- Ask them a reasonable question to see if their; website, support, telegram - If they will respond, what's the quality of response?
- How large and active is their community?
- Do they have a real & viable team & can you find them elsewhere on the web? (Advisors are important)
- Do they have a legitimate timeline? Is the platform already created?
- What is their fundraising goal, and how do they plan to use the money they raise?
- What is their circulation vs total supply?
- What is the price point of the coin when it's listed? (range of bonus structure/spread)
- Do they have a plan for what exchange they will list on?
- Do they have a scheduled date for the release of their coin?
Source : totally crypto https://www.facebook.com/groups/totallycrypto/
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Thanks for the guide - I think point 1 and 3 are the most important
absolutely, a must !
This is quite informative!