What to check out for before you invest in cryptocurrency or an ICO.steemCreated with Sketch.

in #enginewitty7 years ago

BEFORE YOU INVEST IN ANY ICO READ THE WHITE PAPER AND LOOK OUT FOR THE FOLLOWING CATEGORIES OF ICO

1 ICOS SEEKING FUNDING WHEN THEY HAVE A PROTOTYPE PRODUCT IN BETA PHASE AS IN PRODUCT THAT YOU CAN TEST WITH FEW FUNCTIONAL FEATURES.

  1. ICOS SEEKING FUNDING FOR A PROJECT IDEA OF A PRODUCT WITHOUT A PROTOTYPE BUT THAT IS FEASIBLE TO ACHIEVE WHEN THEY RECIV FUNDING

3 ICOS WITHOUT A WORKING PROTOTYPE PRODUCT AND UNREALISTIC FEASIBLITY

AND IN ALL THESE CATEGORY OF ICOS. TRY AND FIND OUT IF U CAN COMMUNICATE WITH THE DEVELOPERS SO YOU CAN ASK PERTINENT QUESTIONS BEFORE RELEASING YOUR FUNDS

CHANCES R THAT THE 1ST CATEGORY IS MORE LIKELY TO DO WELL AND NOT BE A SCAM. THE 2ND IS 50 50

THE 3RD IS A RISK IT IS LIKELY 70 30 OR 80 20

SO DO YOUR DUE DELIGIENCE BEFORE INVESTING IN ANY ICO

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