The 8 Pillars of ICOs. Look For These Before Investing.

in #ico7 years ago

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1. TEAM

Who are the people running the show? Do they have active social media accounts? What have they done in the past? Who owns the domain? How long ago was it registered?

2. DEVELOPERS

Quite possibly even more important than the leadership, who's developing the code? What have they done in the past? Is the code available for review on Github? When was the last update?

3. WHITE PAPER

Is the script for success original? Has it been ripped off and plagiarized?

4. MVP (minimal viable product)

Do they have anything to show or is it just a great idea right now?

5. LEGAL

Do they have Terms & Conditions available to review? What are the KYC rules?

6. SMART CONTRACTS (for ICOs)

Smart Contracts are a way to protect ICO investors after the ICO is complete. Do the founders have total control? Is there token vesting?

7. PARTNERS

What are other reputations pinning their credibility to the project? Do they have a long web presence? Google ratings? Social followers? What are their brands valued at?

8. ADVISORS

Whom will be whispering in the ears of leadership? Have they had previous success in an advisory role? What is their tone and temperament like on social platforms?

Start here and you will have a leg up on the other 90% of people just throwing money at hype. Be smart. Do your own thinking and don't follow the crowd because of FUD or FOMO.


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