Advice Needed on a New ICO

[Kenfong]

Hey ICO guru folks
Quick question, I got access to Open Money's private pre-sale access - how do I approach this? They're only selling a small amount within 72 hours announced via email sometime this weekend - I want in, a friend is trying to get in as well. what should we look out for before signing up? I already checked out the team and vision, looks promising. Here's the link if you're curious: www.openmoney.digital

[jnow]

I see no code at all, just a whitepaper. Not sure about this one.

[triads]

I'd agree... not sure about this one.  Can't even find the CEO on LinkedIn.  Maybe they are just trying to stay under the radar, but it does make me wonder who they are.

[stronghands4lyfe]

Honestly I am not sure myself as I try to limit the ICOs I participate in. Mainly to prevent scam and such but yeah I am not 100% sure on this. And when Im not 100% I dont go in, but

DYOR it could be worthwhile. Sorry I could not be more helpful, but in general Id say with the ICO craze right now try and find the best projects and limit participation a bit

[puremage111]

Could not find the CEO on Linkedin
Site is not Secure
Idea seems pretty common
Private sale in huge discount

I find this sketchy and shady, as they stated : "Email participation Only"

Still, if you still wanted to invest, just go ahead. However, only invest 5~10% of your portfolio value, never invest everything even if they look real

[Kenfong]

My friend is experienced in ICOs says he found all their profiles on linkedIn, so I did see comments on their profiles from 2013, 4 years ago.

The site is SLL secured  https://openmoney.digital

I found a GitHub for them but than again my friend who's got a technical background says most ICOs don't have this but he did say their white paper is thorough from a technical perspective

I've seen other participation closed private sales i.e civic and utrust for example, but I didn't get into utrust disappointed: but I like this deal for their product

[triads]

Who did their code audit?  (Super important for security.)

[gerrrr]

My friend is experienced in ICOs says he found all their profiles on linkedIn, so I did see comments on their profiles from 2013, 4 years ago.

The site is SLL secured  https://openmoney.digital

I found a GitHub for them but than again my friend who's got a technical background says most ICOs don't have this but he did say their white paper is thorough from a technical perspective

I've seen other participation closed private sales i.e civic and utrust for example, but I didn't get into utrust disappointed: but I like this deal for their product

Sounds like you like this ICO.  And if you trust your friend's assessment, then by all means add
it to your portfolio.  The feedback you are getting from the rest of us is just a little dose of caution.
ICO Fever is in full swing right now and there's a lot of investment options out there. Given that we
investors only have so much dry powder to use, a little caution is probably a good thing!

[rauls]

Hey ICO guru folks
Quick question, I got access to Open Money's private pre-sale access - how do I approach this? They're only selling a small amount within 72 hours announced via email sometime this weekend - I want in, a friend is trying to get in as well. what should we look out for before signing up? I already checked out the team and vision, looks promising. Here's the link if you're curious: www.openmoney.digital

can visit their website. It's say privacy error for me. Does they have ann thread on bitcointalk? hard to say anything about this ICO with no information like this

[MMysterious]

If you are sure about the ICO and you've made up your mind then by all means invest in this but just a word of advice from people here who have been joining a couple of ICO bounties, make sure the developers are legit because there are some who are just posting pictures of some random guys which had happened before and end up to be scam, although I'm not saying this ICO you are wanting to join is a scam but it is just a safety precaution. Check their project/program if investors would most likely invest in these, roadmaps and of course the whitepaper.