There has been an explosion of ICO's and i agree it makes it harder to find a good project from a bad one. But it is like any investment, you just need to do your homework and really have a look around. Also I would pick a field that you are interested in. This is due to the fact that you might know how that specific industry is doing, and if this concept can really work.
I would look for these qualities :-
- Strong team - Both in development team and also the CEO's / marketing (People focus too much on the developers which is important but not everything. no point having a great team to create something, if nobody can advertise it and push the startup in the right direction.)
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?
Finally
- Good concept and catchy name - A good ethos and a name that makes them stand out. Personally i would avoid anything that is something "coin".
Personally i am looking at Crowdholding as it matches all the criteria i listed above and i am interested in their concept of co-creation. Also they are in their pre-sale so you can get a lot more tokens for you money, compared to ICO's.
https://ico.crowdholding.com/Hope this helps you!
yes it helped me a lot, I am wondering how people are getting million of dollars in funding through without having a poc or demo products to show, mostly they are just adding word decentralized with all the services we already have like decentralize search, decentralize social network and so and so and every project is listing some coin, I think we will need separate wikipedia for coin list soon.
I am interested in music, foodtech, entertainment and mobile technology related some good icos which can use blockchain technology to solve the current pain point.
I found Musicoin as a great project as it is a non profit project, when there is so much greed, its nice to find something nice.
