What do you think is the most challenging part of doing ICO due diligence?

[darktokens]

I'm fairly new to the space and I'm wondering what everyone feels is the most challenging part of conducting due diligence on ICOs. Would like to hear your thoughts!

[chidrawarster]

The main thing what i see is wthether ICO is product based or not , thats where the ICO becomes more tricky. I also see their whitepaper thoroughly looking for their vision and business model. Until and unless there is no business plan i would not suggest anybody to invest. JUst look for their achievements in the future if holding long and take call based on the performance. I would still see the ICO a good part of the orgnisations that want to achieve something.

[kaloloy]

There are too many ICOs this year, we had already over thousand of cryptocurrencies existed and there are more to come by next year and so on. That's why the uniqueness of an ICO is very important because not all ICOs will have a good future and sone of them are trolls and scams.
When ICO features and scalability that are already found in some early ICOs that's already gained support is the only advantage otherwise they'll not succeed.

[nappoleon]

Is not to give in into amazement, these people be using buzzwords. Especially, when you do not have background on what's they're building. I guess it would better when you incline yourself into projects that you have knowledge with. It's been a diverse space.

[darktokens]

The main thing what i see is wthether ICO is product based or not , thats where the ICO becomes more tricky. I also see their whitepaper thoroughly looking for their vision and business model. Until and unless there is no business plan i would not suggest anybody to invest. JUst look for their achievements in the future if holding long and take call based on the performance. I would still see the ICO a good part of the orgnisations that want to achieve something.

Thanks for sharing! How about the technical side of the project? Do you always try to understand the technical side of the project? Do you think that's an important part of your evaluation?

[darktokens]

There are too many ICOs this year, we had already over thousand of cryptocurrencies existed and there are more to come by next year and so on. That's why the uniqueness of an ICO is very important because not all ICOs will have a good future and sone of them are trolls and scams.
When ICO features and scalability that are already found in some early ICOs that's already gained support is the only advantage otherwise they'll not succeed.

I can see that. I think a database or some info on the previous similar ICOs can help address the last point.

[grimesrhymes]

I'm fairly new to the space and I'm wondering what everyone feels is the most challenging part of conducting due diligence on ICOs. Would like to hear your thoughts!

I think that the hardest part for me is actually finding the time to do my due diligence. I do not have the time to read every white paper thoroughly so I find that I have to make judgments about projects very early on, often times I write off ICOs just by the layout of their ANN thread or if I see any errors such as poor grammar etc. I know that doing this I will certainly miss out on some really great ICOs but it's just something that I feel is necessary.

[benjamin11]

Doing ICO is very difficult and challenging. There are a lot of cryptocurrencies out there and there will be more to developed over the next few years. So the role of the ICO is very important. The transparency and uniqueness of an ICO is very crucial. It is a vital part of a good ICO. There are many ICOs out there, so must be different from them in order to succeed. You must also have a clear project/business plan, a real team behind the project, and an updated platform to be consider by investors.