BTCMILLIONAIRE
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November 24, 2017, 06:02:48 AM |
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Just wondering if this is something everyone does, and what questions you need answered before you are comfortable participating (and actively promoting) an ICO?
One of the essential parts of a LEGIT ICO is its whitepaper. By just reading the whitepaper, you can get and understand all the details about the project. And the more complete the whitepaper of an ICO is, the higher the chance that the project developers are faithful about running the project. You should see the following in an ICO's whitepaper: - Problem
- Solution & Product
- Token Implementation (how the token works with the product, economics and technical)
- Team
- Token Deployment & Plan
For me, the first thing that I look for in an ICO's whitepaper is the PROBLEM and SOLUTION together with the PRODUCT/TOKEN/COIN. A project that meets the problems in the real world are most likely the ones that will succeed in the future since most people will likely support those projects that can really help them. The solution should also be feasible and clear. The token are usually called the solutions, but how it will be implemented in the future is what makes the difference. You should also be able to see in the whitepaper the TEAM. This gives more credibility to the project and it shows that the developers are ready to take the responsibility on what might happen to their project and the clients in the future. Token deployment is more on the details about the ICO, pre-sale, and anything about the timeline of the project's schedules. The Whitepaper is also the #1 place to filter out clowns that fling around the latest buzzwords without having any clue as to what the fuck they are doing (other than trying to grab money for nothing).
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Lingqingyi
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Open and Transparent Science Powered By Blockchain
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November 24, 2017, 06:13:55 AM |
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This is a must, if you are not optimistic about this project, then you participate in his reward task not get some useless tokens it? You are definitely optimistic about the reward task.
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veraoktav127
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November 24, 2017, 06:18:41 AM |
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Just wondering if this is something everyone does, and what questions you need answered before you are comfortable participating (and actively promoting) an ICO?
if I research at an ICO company I never do but just read the reviews or information from the forum I do for the ICO project
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maxj57634
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November 24, 2017, 06:22:16 AM |
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It is really relevant that you should research well on what kind of company or group of people that is backing up the ICO before you participate on their bounty threads, sometime these company or people are scammers, you advertise them then when they have enough money on ICO they will just vanish into thin air.
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BTCMILLIONAIRE
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November 24, 2017, 06:22:22 AM |
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This is a must, if you are not optimistic about this project, then you participate in his reward task not get some useless tokens it? You are definitely optimistic about the reward task.
You can easily end up optimistic about a shitty project though. So it takes a lot of research to make a good decision.
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sheenshane
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November 24, 2017, 06:23:30 AM |
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Just wondering if this is something everyone does, and what questions you need answered before you are comfortable participating (and actively promoting) an ICO?
Yes ofcourse, I spend time to read their white paper,platforms and even the participants I do searched their comments and background. There are some ICOs project who's not real or fake. Some of them abandon their project if they don't have investor. I also particular participated bounty campaign who gave more tokens.
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keycellko
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November 24, 2017, 08:19:56 AM |
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Yes indeed. It is very important that you know what you're getting into. Know the people behind the project. It pays a lot that you know the people behind it is trustworthy enough. There are lots of scams running now so we have to be vigilant at all times.
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chrisfatos
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DIW - Decentralized Security
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November 24, 2017, 09:53:40 AM |
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Do you buy a car before Test driving it?
Even though Bounties are harmless, you just have to work for the tokens they offer you, Research is the first thing you do imho. Why waste time in a bounty if you are not planning to invest in the ICO..
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danmoris
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November 24, 2017, 10:56:32 AM |
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Researching for the ICO before participating in any bounty isn't a must, but you can to make you feel comfortable with helping them. Bounties will usually ask you to promote their ICO in different pages or group or channels, so it's best to know if your promoting a scam or legit ICO.
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sgenuine
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November 24, 2017, 05:20:31 PM |
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Those fellows, who never do it before participating in a Bounty program, can simply support some fraud, an ICO which can be turn to be a scam. It may lead to the fact that more people will be deceived. Always make your own research even before Bounty.
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mautenisis
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November 24, 2017, 05:22:18 PM |
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Yes researching is the key to success,if you are not sure into something you are getting in you will end up like crying.
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jimsteel
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November 24, 2017, 05:32:19 PM |
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I personally do, just down to the fact that I want this community to be helping people make good investments and to grow the crypto world.
Sadly I know a lot of people who join bounty campaigns to whoever is the highest bidder, which is understandable as well and I do not judge them for it.
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bhobafett
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November 24, 2017, 05:39:02 PM |
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Same goes with everybody who wants to participates in an ico. Research, read some surveys and study the ICO first before joining in because we all hate scam icos.
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Accumulate Bitcoin. The bottom is in or near it.
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seizetehday5
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November 24, 2017, 05:43:30 PM |
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Research is always good and I look to the dev team and whoever is running their ann pages to see if they are transparent with the community. That is the first thing I look for among looking for a good product and team.
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cryptodrei
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The future is your Genome
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November 24, 2017, 05:58:04 PM |
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Yes i do a lot of research before joining bounty programs,your time is precious and also your efforts.You dont want to lose your month of posting for nothing.
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Red Lanterns
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November 24, 2017, 06:33:33 PM |
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Yes, you definately should check some at least superficial information about the company. But usually the majority of people just want easy money and don't bother about these things. Read White Paper, look through the social networks and people comments.
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africa34
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PlayYourBet.com - 100% Deposit Bonus Up to €2000
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November 24, 2017, 06:56:00 PM |
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yes of course , i check evry information about the projet before participating in a bounty , for exemple read the witepaper and do research about the team and check the road map , and token sale .
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Matthewmorris4
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November 24, 2017, 07:02:54 PM |
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Just wondering if this is something everyone does, and what questions you need answered before you are comfortable participating (and actively promoting) an ICO?
This is my first but going forward yes, I joined mine as it was one of the only offering newbies to participate at the time. I will always look to see how the rewards are split as well as grasping how well the idea is supported by the community. Yeah, but maybe for some people like me which is still don't know how to choose good/promising bounty, first of all i will search for some user which is already famous in this forum as bounty manager/ann thread maker. If they join, i guess that bounty is also promising or maybe if you still can't find out good bounty, you may check hero/legendary members with a high positive trusted value
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veliq
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November 24, 2017, 07:08:36 PM |
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Required. Before you join a company, you need to study it carefully, because this is your time. In the first very much it is necessary to pay attention to the product, it must be in demand and affordable. Second team, road map and white paper.
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jack1111
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November 24, 2017, 07:12:30 PM |
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Simply, if you did not search carefully, ICO may fail and you will lose, because you spent time for nothing, while you were able to join other campaign.
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