Bitcoin Forum
July 31, 2024, 09:14:26 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: HOW BE SPOT A GOOD ICO  (Read 113 times)
Kamleshp (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 02, 2017, 12:05:04 PM
 #1

Can we jsut detail things to look out
LtMotioN
Member
**
Offline Offline

Activity: 210
Merit: 29


View Profile
January 19, 2018, 10:01:47 AM
 #2


Here are some common things I look  at:
1. Do all the team members exist? - check everyone on the teams linkedin look at their experience and see if its in line with what they do in the ICO. Check if their previous employers exist. ( go beyond linkedin as much as you can, find them on the web)
2. Check total supply and work the ICO price out, see if its a good deal. E.g. if you are paying $2 for a token and the total supply is 800mil then that is not a good deal unless the project is something insanely good
3. Does it need a blockchain?  Its a hotword these days and people just do ICOs for the sake of doing ICOs.  See what the plan for the project is and if you like it. Basically I only invest into things that I jump of for and keep me awake at night thinking of them
4. How many other people are onboard ? It doesnt help going all in on an ICO with 10 investors, users = value in my mind.
5. BE CAUTIOUS, theres a lot of scams

Theres plenty of other things to consider , but i need to get back to RL work now lol. Im sure the other guys will give some good tips too.

Dogs are nice, I don't like cats though.
Phil_Bardsley
Jr. Member
*
Offline Offline

Activity: 40
Merit: 1


View Profile
January 19, 2018, 10:18:52 AM
 #3

Generally, if a project doesn't have a good team then I'm not interested.

However, if there social media account is managed correctly; and by correctly I mean it is a) active and b) shows active company engagement then I would be willing to take a chance and invest.

Team and social media at this stage is key to a successful rise in the coin/token price - which, lets be honest - is what we all want to see.
Wahanna
Jr. Member
*
Offline Offline

Activity: 170
Merit: 3


View Profile
January 19, 2018, 11:28:25 AM
 #4

Check the white paper
cryptomaster420
Member
**
Offline Offline

Activity: 256
Merit: 10


View Profile
January 19, 2018, 12:01:35 PM
 #5

Most future ICO-s have ANN threads on this forum so it doesn't hurt to start reading.
You can tell right away whether the team put any effort into it or are in for a quick buck. This is how you weed out 80% of them.
As for the remainder, read the whitepaper, consider their idea, and use your own knowledge to decide if it's worth it or not.

DANDANcrypto
Newbie
*
Offline Offline

Activity: 82
Merit: 0


View Profile
January 19, 2018, 03:28:13 PM
 #6

Here are my basic rules to consider about ICO's :

* first of all, as think if the ICO idea is good (read whitepapers) and is useful,

* then go to their web page and click all the buttons see if the site is legit.

* search for the roadmap it is crucial because serious guys have all the plans located on their roadmap.

* check if the amount of coins is logical.

* check if the team members are real people with experiences (you may even contact them)
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!