Bitcoin Forum

There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.

I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.

I am open to opinions and would love to know if anything else is as important.

There are various factors that support the success of the ICO. In my opinion, they could be willing to spend money with a large amount just to promote their ICO via social media or other. Not only that, they also know how to get investors interested in their ICO. For example creating simple, high-quality video content that can explain the purpose of their project in it in order to attract investors to join their ICO. So from that, not just a promotion but they know how to make the promotion can attract investors. Thank you.

Try to get as much information about the team behind the project it self, you cant trus some random person who doesnt even have linkedin page right ? after that try to look at what project they devlop, is that project even make sense to realise

Top 3 I am looking for an ICO are
1. Team
2. Use Case
3. Prototype or Github

The devs are without a doubt the most important part of a project but at the same time everything is important, if the developers are good but their idea sucks or it has been made a million times then the ico is going to fail, if the developers are good but they are not able to follow the road map then people will lose faith in the project ever being developed, so as you can see while the developers are critical to the success there are simply too many variables to consider if an ico is going to become successful.

The most important thing is the legitimacy of the team and their experience in the relevant field.Also cross check their linked in profile to make sure that they are actually associated with the project.

What is the most important part of an ICO? For me the most important part of an ICO is their team. Its members, staff, people. It need teamwork, and their trust to have a good ICO. NO TEAMWORK no accomplishment or good ICO or projects. Thats my opinion.

The most important part is the project itself. Will he bring some positive emotions to the Aulditoria and in general how will it affect life as it will simplify it.

the start...after it goes alone

In my opinion, the most important part of an ICO project is whether to implement open source, open source code is a very important thing, because a good ICO project is generally open source.

I think an experience and solid project team is the most important factor for a successful ICO and project product in long term.

The most important thing is team, I agree with you guys, also I think only idea is not enough to raise lots of money, they should at least have some prototype.

For me, it is the Whitepaper. There you can find everything for everything, Team, Roadmap, Goals, ICO, Partnerships, Investors, these are the real stuff. And then you can search for news on the Website, Telegram group, see if you can find something interesting. And if it sounds promising, go for it!  8)

All of the factors such as team's credibility,the product of the ICO and its use,the whitepaper and the roadmap should considered too and most imporantly you should ask yourself is this project really necessary to exist? does the blockchain needs this type of projects? if not you probably think twice because you will only waste your time and money.

The first thing to check before investing in an ICO is the background data of the dev team and if the coin is being valued at a fair price and not being overpriced.

as release with the details of strategics of the investment projects from the developer to gives with reference for investors to gains with the use of returns of examination,
the work on following         decision as measuring running extracts as moderating news from the developer to  improves decision as might to put of funds with the investment projects of ico

A lot of it,the developer team,founder and advisors all the people behind the project should have credibility,the product of the ICO should have some use to our daily life,the whitepaper should be well written so that we would know of these people are just playing around or just want to raise funds,roadmap should be clear and attainable these are just the few factors that we should consider.

but how to determine a really promising project and a good coin in value? Of course, it is desirable to get to not yet on scammers, but really on decent developers.

A successful ICO really needs all parts of the system to work together... Devs, leadership, marketing & PR, design, it fills a niche, market acceptance, the name, the logo, the advisors.

The project/idea/product itself is the most important. Without this, there will be no ICO to start with. I mean it’s like voyaging the vast ocean without a compass! Or a blind man crossing the street without a stick. This is the goal which guides a team on its journey towards its accomplishment. And the main reason why an ICO has been set up.

Agree. First, I check the team's credibility by cross-checking their linkedin profile and their previous project/related experience, it reflects the team's capability of carrying out tasks on the project roadmap. Then I spend the time to read through the ICO's whitepaper. I want to know if the team shows ambition and determination on the project and whether their product possess the feature to compete on the blockchain.

Very important to an ICO is the team with good reputation and expert advisors. There is a budget for advertisement and social media promotions. Hands-on community manager good use case and product. Not all ICOs have potential so we should learn to research.

#Datarius
 

Well, above all, not being a scam of course. ;D

So, I'd say the development team.

The third aspect is the one that is the rarest, very few icos have anything to show for when they ask for your money and this is why I am very selective in which icos to invest, I need to look at something concrete so I can know the developers are now just going to run away with our money once they get it and there are very few icos which are able to satisfy my conditions.

I know all of us are not reading from the first word of the white paper to the last words written on it. But we need to see the ICO details, like the first thing to check is the team members involve with the project, second is its purpose, and I know and let's be honest that the first thing we want to see is the token value, hunt me down if I'm wrong, third is the implementation of the project, how they started it.

There are lot of ICO's been released everyday making it difficult to know which one is legit or not. But what i've learnt is to do the following :
- Download and read the white paper
- Read it the second time
- Learn what the project is about and how will it help its target audience.
- Who are the team behind the project (check out their social pages like LinkedIn - find out past project)
- Visit the project telegram group (how often do they post updates, number of people in the group, read past post if there are any issue)
Visit social hangout like bitcointalk, reddit to read what others are talking about the project.
- Ask questions.

There are 3 wales of any success project right now:
- Hype (huge and active telegram, mentions of top bloggers - Ian Ballina and so on)
- Infrastructure project (blockchain platform)
- Whitelist, small individual caps, low discounts on closed presale.

There are very important key points for an ICO to be succesful but there is one i want to focus on. It is the product it self. No matter how good you are at advertising or how good is your team , you can't be succesful in long term if your product is a piece of imagination or a useless product which already have similars in the market. So a uniqe and working product is the most important thing for me when i'm checking ICOs to invest in.

For me the important part of an ico was I always checked the allocation budget for the project how much it is? Also checking the reputation of the  campaign manager, the flow of the project of how will it run and etc.

I think that it's a blank Sheet, beautiful , clear, sensible presentation, team preferably from famous people and lots of enthusiasm!)

For me the most important thing to look first.. is the team!

you can’t easily hide or hack that, talented people that have long work history and experience can give you more confidence

also having AMA and live video talks with the founder is extremely important, to see if there’s confidence and trust!

I think the most important part of an ICO is the team behind the project. It is important to make findings about the team behind a particular project. The team behind the project will say a lot about it. In essence I feel the team is the most important part not hype behind ICO.

it is a completely combination.. We can not say only team or web site or social media accounts.. All of them should be good..

The most important thing about ICO is to have a very strong team, which should be able to gain influence both in development and in marketing

As for me, I usually pay attention on 3 main things: Escrow, famous people among developer`s team and availability of the alpha version of the product.

I think, that the most important part of any ICO is Team and roadmap. If project has plan, what to do and has good team, which can do it, project will be successful

I want to developers and gtihub code is one of the most important, because if an ICO project most time in marketing, and we can't find anything about this project open source code, maybe you need to be careful with this project.

Say what you want but I think it's whatever Trust means to you, and of course earning potential.  Earning money means nothing if it's so fickle you can't keep it (trust), and trust in an investment means nothing if it won't earn (opportunity risk).

In my opinion, it is better to make your own research and trust your guts.

The most of the privacy coins are undervalued right now.

The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.

I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.

They are on Pre-ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalk.org/index.php?topic=2659058.0

I think the idea of formation and the technology of practical application will play a pivotal role in shaping, building, establishing a successful ico.

The team is the least of what I'm looking at.  I give it a glance to make sure everyone has some experience in their related job.  You simply can't know the team well enough to judge the ICO based on them.  How many of them are going thru a divorce?  Lost a parent?  Have crippling depression? Those kind of problems don't show up on linkedin and can sink a project just as easily and completely as anything else.  

I personally look at the idea and how it will have a impact if they can achieve what they claim it capable of.  Then I look at token economics, is it tied to the idea in a way that the token's I'm investing in will be worth something and will go up in value with the product.  Then if they have a finished product, alpha, or beta.  Finally I look at the total token sale to see where it lands with a hypothetical all sold tokens starting market cap then try to figure out where it can go towards from there either on similar projects or simple speculation on my part.

For me, the team is the core component of ICO because the team is responsible for the project concept or idea, delivery, management, support, and implementation of the project. Basically, without them, there will be no ICO.

You can confirm that project is not a scam if closed groups of investors gave them money in closed pre-sale round. Guys like ICo Drops check teams very carefull, sometime even with live sessions and participation of such groups usually mean that project is legit.

This is a tough one. Personally, I feel that the whitepaper is the most crucial aspect of any ICO even more than other factors like team etc. Why? The whitepaper outlines how serious the team is about their project. I usually check the whitepaper and examine it thoroughly(Objectives of ICO, Features of the coin, Roadmap etc) before deciding whether or not to invest into a particular ICO. I check the team members, website etc also, but give maximum importance to the whitepaper which is why I recommend everyone check the whitepaper before investing into any ICO.

The most important thing is that they already have a working product, not just some theoretical business model. The actual idea is of the same importance as it is the main reason/selling point of the problem. If it turns out that the idea is too ambitious, it might be a sign of a red flag.

I agree with you, the dev team or its experience and knowledge on this project can be seen on the whitepaper, so the most important part is the whitepaper, thought there are some ico project succeeded with a simple whitepaper, also, I think the promotion is in the second place.

Several things ate important which appeal to individual pockets differently. For me, the key thing is the team behind the project. There are people who still value their name more than some coins they could have in their wallets. The moment the team the project is parading and have been vetted to exist through various due diligence means by myself and other people interested in the project, I am comfortable that to a large extent it can be associated with. A good team for a start won't bring out a non-workable project.

Obvious dedication to the project and quality site as well as white paper. If your English is decent you can spot a scammy one upon a second or third look at their white paper and their overall plan.

For me, it has to have some real-world useful application in an area I'm interested in. That's how you'd get me to invest. Of course, obvious things like it not being a scam and so on still apply. ;D

For me I chose the developers. I believe they are the most important part of ICO, they keep campaign going. However, I dare say every part of the whole is important.
Going back to devs, if their idea suck and have been presented time and time again then it is bound to fail.  On the other hand, if developers are exceptional but are not able to follow road maps, then community will lose faith in it and the same goes-it will fail. Needless to say developers are very critical in every project, it is a variable to consider for ICO to be successful. But of course other factors need to be considered also.

I think the white paper and the technical route is a the most important part of the ICO project, because if the project has nothing to do and blockchain, so the project may not succeed, so I think need to first study the white paper before investment ICO.

I think team and main idea of the project are the most important parts of an ico. I generally look these two if I am gonna invest an ico or join their bounty campaigns. Because I should trust their team. And their projects should seem to me reasonable.

Discover all around the team, particularly the core/development group and the advisors. Look into each colleague for pertinent experience. Google their names. Visit their LinkedIn profiles. Search for celebrated names among the advisors. See whether the team has any crypto experience and all the more critically – in which activities, or ICOs, they were included with and the effect they had.

Right now more than the idea, the marketing seems to pay off.
Higher the promotions and budget put into marketing, greater the yield from investors. Thanks for the time.

The right team is the key to a successful ICO I guess. Yes. In-depth research into the team is definitely required.

Github does not make that much sense to me but the idea and team are something I can check.

Makes sense. Sometimes even when the product is good and the marketing bad, the ICO fails sadly.

Definitely. They can drive the project towards success even when given an average idea.

But the whitepapers can be written by third-party services these days.

yes i totally agree with your views. The whitepaper shows us the seriousness of the work of the staff. We can evaluate a good project through the detailed information needed to fill in the whitepaper. If they force you to fill out a lot of information and need practical elements then I think it will be a very good and very good ICO project.

First things first, do  a good background search on the developers. Become a stalker for that moment. Learn about them. Check if they are well known or some new people who are working on their moms basement (LinkedIn helps a lot in this case). Next do another research on the project. Check if what they are trying to deliver is actually possible or weather they are "all talk". Finally trust your instinct.

Yeah, you're right. A dedicated team with a lot of experience will surely be trusted by many investors and there is more motivation to push ICO more successfully. However, in my view, I find that a successful ICO also needs to incorporate many elements such as technology background, roadmap, clear information and compliance with the requirements of the roadmap. Coherence between factors will enhance the success of an ICO. This is just my opinion

As far as i am concerned the most crucial thing behind every ICO is the development team and their unique idea behind that particular ICO.If the idea is not materialized or they are deviating what they proposed then definitely that ICO would fail.Some people are also directing towards whitepaper,fund management,road maps,if the team which is formed to attain all of these correlated factors is not following it,what would happen these factors would be written as it is,but it will lead toward failure of ICO.So i can conclude that a well groomed,efficient,experienced team has a strong hand behind the success of every ICO.

Look for integrity in the business plan and execution team.  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.

Top things while choosing an ICO are
1. Team
2. Idea
3. Whitepaper
4. Prototype or Github

Are the claims of the ICO technically feasible?
Does it make sense to be on the block chain (i.e. benefits from a trustless transaction)?
Can the team actually implement it and run a successful ICO?
.
.
.
Is the project good for the world?

The soft and the hard cap are important, a project without those seems like a project trying to get as much money as possible and with no idea of how much it is going to cost them to develop the project, if the cap is too high then the tokens are too expensive and you will be better if you just wait for the tokens to begin to be sold by the ico investors.

What do you think about this ICO Enkidu that I think will do good enough to raise profits? Do PM me.

The most important part of an ICO is the tokens of company.. Tokens are initial offer for us by company.

That woyld be the white paper, youll be able to judge a project. The white paper actually contains all the information about the  project. Check out who the development team are and the basic things you  have to know. A good whitepaper is a factor for having a good project. Ive seen to many project and most of it can be easily determine if lrgit once whitepaoer is tested.

in my opinion the number of tokens or sofh cap and hard cap that must be achieved
because if it is not achieved it will make the ico slow in the movement for listing on the market.

Hey, whatever idea is if this idea in inexperienced hands it will not succeed to my mind, so that is why I personally paying more attention to the team of the project and advisors and never invest in those projects devs of which has 0 experience.

The important of an ICO is the team, supply details, the idea, and the financial support.

The team is uniquely important, it's undeniable. However, the idea of the project is still more important, IMHO. In fact, everything starts with an idea.

Yeah its difficult to judge if it's a scam right in the start of the ICO but if your are constantly monitoring them at the telegram and asking much questions directly from the developer and repeat it in the few days for consistency I think you can prevent that. Sometimes you need also to weigh in how big is the impact of their project against their hard cap and check their road map if attainable with the time frame allotted. You need to scrutinize all the aspects about their ICO and be persistent to them before you invest your funds.

The most important part of an ICO is their whitepaper. Inside this it includes their team, approach and the project itself. You can judge a good ICO by reading its whitepaper and get really amazed. In that case many investors will be interested in that project.

I think the most important thing in an ico is the team working on the project if the team is very active in developing and providing policies that make the project interested to investors. it will be successful.