What is ICO?ICO (Initial Coin Offering) is a funding and donation mechanism that new and structured projects use through
Bitcoin and
Ether to fund them. Structurally, those who are far away from the cryptographic sector can liken
ICO's to
Initial Public Offering.What are the Points to be Aware of When ICO Investment is Being Carried Out?Whitepaper: Each
ICO communicates its technology, its goals and other details to its users and investors through
Whitepaper. The information contained in this file is very important and is very effective for your investment decision. Before investing, surely
Whitepaper should be examined and read.
We can accept this element as a golden rule.
Team Quality: Team quality is an important factor and part that we should not investigate when we invest. The reason for this is to recognize the people who are in the team and to identify the projects they have taken before and to find the successes they have achieved in these projects. In addition, by analyzing the quality of the team, if you have any
profiteer or
scam project in the team, you will have contributed to your pocket and yourself.
Project Goals: I think this is a situation that should not be missed. The goal and future plans of the project will also have an impact on your investment and will benefit you.
Project Technology: Project technology is also an important part of the investigation. You should investigate project technology for your long-term investments so that you may have learned about the possibility of explosion of this
token or
coin in the future.
Domain Time and Hosting: This can be a bit technical, but these elements should also be seen as an important step. It is necessary to invest in the domain of the project for as long as the
duration of the domain has been registered and whether the hosting they used previously has been used in a fake project.
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* My English level is not advanced, so it may be spelling, punctuation or letter mistakes, I apologize.
***IMPORTANT MESSAGES FROM USERS***
Important to know: your country's rules and regulations about your ability to participate in an ICO. If the whitepaper of an ICO that you are interested in states that citizens of your country are not eligible to participate in the ICO, then please take this information into consideration before buying in.
An often overlooked aspect I feel like of ICOs is the buzz and hype that is surrounding that coin or token before the public sale. If there are more suitors than there is supply then you will have a good one on your hands and vice versa if supply is abundant and suitors are low than you will have a bad one.