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Author Topic: When you want to paticipate a ICO, what's the most important factor you think?  (Read 113 times)
pbitmallx (OP)
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March 25, 2018, 01:19:41 PM
 #1

When you want to paticipate a ICO, what's the most important factor you think? and you will take care of it.
MoonIsBlue
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March 25, 2018, 01:23:17 PM
 #2

This isn't exactly a qestion for this board section. Try altcoin discussion.

MeSoCorny
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March 25, 2018, 01:45:35 PM
 #3

When you want to paticipate a ICO, what's the most important factor you think? and you will take care of it.

Personally, my main factor is mainstream adoptability. Many people I see tend to think of a coin in its possibility to achieve great ROI, and how many people will want to jump on board and invest in it as well so as to drive up the price. In my opinion this is a faulty perception. You should look to see if the actual end usage of the technology the coin/ token represents is something that will be of value to the mainstream public in the future. There's already Monero for anonymity as well as a bunch of anonymous coins out the wazoo so it's almost pointless to jump into new anonymous alt coins promising this or that. Bitcoin has a monopoly on the general digital currency. Ethereum has smart contracts on lock for the most part for running ICO's and new platforms. So basically what will the new technology bring to the game that is a game changer? If it falls anywhere in the realm of the coins mentioned above then it probably won't go anywhere. We have general digital currency, we have anonymous currency, we have ICO platform, and any company can create it's own digital currency on top of those aspects. You want to find a coin that is a game changer that doesn't exist currently that these coins already have a monopoly on. That is what will have people buying that coin and send it to the moon. Beware of shiny white papers that try to make an idea seem unique when it really just falls under what currently exist in one form or another.

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March 25, 2018, 02:16:17 PM
Last edit: March 25, 2018, 09:59:18 PM by DdmrDdmr
 #4

I can't narrow it down to just one single factor.

One thing that should be provided is a good ICO White Paper. What I expect to find there is:

-   A clear and precise explanation about the problem that is being addressed, and the proposed solution.
- Token: utility, real need for it, volume, strategy, operational usage.
- Team: Core team profile and experience, as well as board of advisors.
- Known Investors backing ICO (commited).
- Current and foreseeable partners.
- Roadmap: Phase and delivery clearness, and associated timeframe.
- How and when funds will be used during ICO development.
- ICO type, token sale process, soft/hard caps, anti-whale caps.

Regardless, I find that other factors weigh in significantly in the ICO selection decision process:
-   Uniqueness of the idea /competitors.
-   Scope of use: A global scope of use, with a broad potential is better than a niche utility token.
-   Pre-existence of a working viable and verifiable product (instead of starting from scratch).
-   What plans are drawn for the token in the exchanges (major exchanges should be a real goal ideally).
-   Hype, size of follower base, momentum.

Even with all the above and due dilligance, there is no certainty in hitting the jackpot whatsoever, but odds may be a little more in your favour.
pbitmallx (OP)
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March 25, 2018, 02:33:55 PM
 #5

I can't narrow it down to juat one single factor.

One thing that should be provided is a good ICO White Paper. What I expect to find there is:

-   A clear and precise explanation about the problem that is being addressed, and the proposed solution.
- Token: utility, real need for it, volume, strategy, operational usage.
- Team: Core team profile and experience, as well as board of advisors.
- Known Investors backing ICO (commited).
- Current and foreseeable partners.
- Roadmap: Phase and delivery clearness, and associated timeframe.
- How and when funds will be used during ICO development.
- ICO type, token sale process, soft/hard caps, anti-whale caps.

Regardless, I find that other factors weigh in significantly in the ICO selection decision process:
-   Uniqueness of the idea /competitors.
-   Scope of use: A global scope of use, with a broad potential is better than a niche utility token.
-   Pre-existence of a working viable and verifiable product (instead of starting from scratch).
-   What plans are drawn for the token in the exchanges (major exchanges should be a real goal ideally).
-   Hype, size of follower base, momentum.

Even with all the above and due dilligance, there is no certainty in hitting the jackpot whatsoever, but odds may be a little more in your favour.



Thank you very much, so to MeSoCorny.  I read your reply word by word.I basically got a detailed answer to this question.
MeSoCorny
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March 25, 2018, 06:54:30 PM
 #6

I can't narrow it down to juat one single factor.

One thing that should be provided is a good ICO White Paper. What I expect to find there is:

-   A clear and precise explanation about the problem that is being addressed, and the proposed solution.
- Token: utility, real need for it, volume, strategy, operational usage.
- Team: Core team profile and experience, as well as board of advisors.
- Known Investors backing ICO (commited).
- Current and foreseeable partners.
- Roadmap: Phase and delivery clearness, and associated timeframe.
- How and when funds will be used during ICO development.
- ICO type, token sale process, soft/hard caps, anti-whale caps.

Regardless, I find that other factors weigh in significantly in the ICO selection decision process:
-   Uniqueness of the idea /competitors.
-   Scope of use: A global scope of use, with a broad potential is better than a niche utility token.
-   Pre-existence of a working viable and verifiable product (instead of starting from scratch).
-   What plans are drawn for the token in the exchanges (major exchanges should be a real goal ideally).
-   Hype, size of follower base, momentum.

Even with all the above and due dilligance, there is no certainty in hitting the jackpot whatsoever, but odds may be a little more in your favour.


Really good breakdown.

I'd also like to add on my own post, that I also want to see a breakdown of the split of coins/ tokens for the community and team. No matter what the amount of coins in their hardcap, I don't want to see an excess go to the team which basically dilutes the value of the coin I'm buying. I understand they are creating the platform etc, but if I'm investing in your project I want to know my potential ROI, especially given the risk of any ICO, has a strong potential for profitability, and the team isn't dilluting the coin I am purchasing with a crazy split of team coins to ICO coins.

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MintDice
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March 25, 2018, 09:35:44 PM
 #7

The experience behind the development team and whether or not the project has the potential for mass adoption are key factors to look into. Of course, it's also good to assess their reputability, are they providing a time frame, are they being transparent?--that is the key. Exercise your due diligence and research as much as you can on the project before participating, unfortunately there's a lot of opportunity for scams out there now with how saturated the alt-coin market is. Our blog expands on ICO best practices, feel free to check it out!  http://bit.ly/ICOGuide

Cheers!
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March 26, 2018, 04:56:23 AM
 #8

Participating in an ICO requires thinking over a couple of factors.
•   Do check out the development team, if they hold any past records, their goal as well.
•   The team should be highly qualified and experienced in the field of cryptocurrency.
•   Visit their site, it will give you an impression of their work. Have a look at the roadmap and how many deadlines are achieved by the team.
•   Look for the market cap and total volume. Invest in ICOs with maximum circulation and limited supply.
You have to choose ICO wisely as some are just appeared to vanish.

ENCRYBIT  -  Future of CryptoExchange▐  Private Sale is Live!
● Buy ENCX Tokens ● Get up to 40% Discount
pbitmallx (OP)
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March 27, 2018, 07:42:48 AM
 #9

Participating in an ICO requires thinking over a couple of factors.
•   Do check out the development team, if they hold any past records, their goal as well.
•   The team should be highly qualified and experienced in the field of cryptocurrency.
•   Visit their site, it will give you an impression of their work. Have a look at the roadmap and how many deadlines are achieved by the team.
•   Look for the market cap and total volume. Invest in ICOs with maximum circulation and limited supply.
You have to choose ICO wisely as some are just appeared to vanish.


Your point of view is mainly focused on the project team, which is also very important. A good project must have a good team to make the project develop better.

Thank you very much.
milovw
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March 27, 2018, 10:07:34 AM
 #10

When you want to paticipate a ICO, what's the most important factor you think? and you will take care of it.
That its not a scam
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March 27, 2018, 10:30:57 AM
 #11

When you want to paticipate a ICO, what's the most important factor you think? and you will take care of it.

The popularity of the ICO and the team who holds it.
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March 27, 2018, 11:23:00 AM
 #12

Team history, project roadmap and what have they delivered until now
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