How to spot a great ICO (and leave a bad one alone).
https://medium.com/@Knowledger/how-to-spot-a-great-ico-and-leave-a-bad-one-alone-4665581e6a6d#.qzoxbeoih...................
Lowest tier. No product. These projects lack anything users can touch or test. The company (or just a team if there’s no legal entity) presents only the project pitch and promise. Most of such projects — if not all — have GitHub accounts with some code; but, you would need a few full-time analysts to do even surface-level due diligence.
Middle tier. Second/third/etc product. Example: Iconomi. The ICO result was also impressive: over ten million USD raised. Neither the Iconomi fund — the face product for the ICO — nor any clear full-scale technical description exists. Founders do not try to hide, though. They have Cashila — a great and well accepted product that has been around for a couple of years making many bitcoiners’ lives easier. The existence and usefulness of the team’s previous product seems to be enough of a promise for Iconomi investors.
Highest tier. Functioning product. Rarely, does a project fall into this category by offering a usable iteration of their product during the ICO. Example: Ethereum, Swish.
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