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Author Topic: How to Choose a Good ICO  (Read 10113 times)
usechain
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January 27, 2018, 03:46:44 AM
 #361

Hi guys, there are so many ICOs, such as those listed in https://www.coinschedule.com. It's pretty hard to review them one by one.

Which elements I need to consider, the team? the product? the promoting technology? or something else?

Thanks for any suggestions Smiley
I think the choice of a good ico is a very difficult thing, but I generally look at this project has not been able to use the blockchain technology, and the blockchain has no connection, go look at their team information (because Some teams may be fake, just stole picture of other ICO team and change their name), I will find their contact information, join their telegram to observe slowly, watch telegraph group activity is not enough, this is My experience, I hope for your help.
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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bitofc
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January 27, 2018, 03:51:50 AM
 #362

There is definitely no shortcut to this, you need to spend a lot of efforts in finding the information about the project, team and how they manage their community and etc.  More importantly, how do you understand the project, and what is your expectation.
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January 27, 2018, 05:58:03 AM
 #363

what is your chance that ICO is a scam?  Huh
DamilolaB
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January 27, 2018, 08:05:35 PM
 #364

I think choosing a good ICO requires more of a personal and thorough research on the ICO to get involved in by going through the white paper and also the team managing the project.
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January 27, 2018, 08:08:54 PM
 #365

A good ICO usually have this characteristics in my opinion:

1. A high ranking campaign manager with good trust ratings.

2. A thread carefully updated with informations laid out and organized.

3. A set of "real" persons leading the project with promising profile related to their projects.

4. and they always communicate with the people working in their campaign.

though these points are particularly related to bounty campaigns of ICO I believe its chance of success is completely related to its project launch and on how they handle their supporters.

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Adam_Smith
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January 28, 2018, 10:42:00 PM
 #366

Learn as much as possible about the project. Now a lot of scams. Look at the road map and try to find everything about the developers. But in any case, everything depends on luck.

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January 28, 2018, 10:50:37 PM
 #367

Team behind about certain project and support from the community, also one other factor you may want to add is, how many coins are being offered by the ICO; ordinarily, lower numbers of offered coins attracts most people.

rxthree
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January 28, 2018, 11:15:26 PM
 #368

see what they are promising and if those promises are "doable". If they have what it takes to deliver. The best is when there is a prototype already or a product, something backing up tokens.
A good ICO is not a good choice at the moment. As you said. Technology 、 team 、marketing and so on need to be examined. The key is to find out more about the feasibility of the project. I hope everyone can choose their own project.
mworld12
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January 28, 2018, 11:31:29 PM
 #369

Hi guys, there are so many ICOs, such as those listed in https://www.coinschedule.com. It's pretty hard to review them one by one.

Which elements I need to consider, the team? the product? the promoting technology? or something else?

Thanks for any suggestions Smiley
here are some tips:-

Know the people behind them. It is critical to know the nature of the company and the teams behind ICOs.
Go for disruptive concepts.
Understand the target market.
Evaluate the technology.
Nitpick the white paper.
Know what the coins are for. 
PhuketSunset
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January 28, 2018, 11:34:52 PM
 #370

1. The idea. Is it original? Is it possible to implement it?

2. The team. What about their past projects? Were they successful?

3. Soft cap. This is not a very large amount? Is it possible to collect it for such period?

But this is only my opinion.


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January 29, 2018, 10:37:36 PM
 #371

Apparently, there are like hundreds of icos in the market and we can never be sure as to which are worth the risk and can actually deliver. One thing that you should take a look at an ico is its project, is it realistic and if it can be actually used my majority of the population. Another is the team and the member's background and track record; atleast you have an idea on the people behind the project. And lastly, take a look at its whitepaper and other details of the project.

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January 29, 2018, 10:41:25 PM
 #372

Apart from the point you have highlighted, ICO must have an active community that believe the ideals and the prospect of any ICO! ICO itself will not do any good if there is no community supporting it. You must look for caliber of people behind any ico and it's community.
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January 29, 2018, 11:01:16 PM
 #373

Actually all ICO is Good but sometimes project failed (scam) cause some reason, one of them close because it's not hardcap. But you can check how much people review project or participated this project.
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January 29, 2018, 11:02:50 PM
 #374

Hi guys, there are so many ICOs, such as those listed in https://www.coinschedule.com. It's pretty hard to review them one by one.

Which elements I need to consider, the team? the product? the promoting technology? or something else?

Thanks for any suggestions Smiley

There are several methods for us to consider that good ico such as if the campaign manager has a green trust is easy to invest in the ico, also the team is active together with the dev. and their realistic goal target for their crowdsales.
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January 30, 2018, 06:36:59 PM
 #375

There is definitely no shortcut to this, you need to spend a lot of efforts in finding the information about the project, team and how they manage their community and etc.
anushkasachith888
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February 01, 2018, 05:12:25 PM
 #376

recently I found new ICO which is quite different and interesting. It aims to solve a big problem in the world job market which occurs since long time. Simply the main purpose behind this project is to  validate the job applicants' CV using blockchain technology.  According to a research done by coauthor of Freakonomics and a renowned  Professor Steven de Levit ( University of Chicago ) More than 50% people lie on their resumes. CVProof is the solution for it.

you can check my article about CVproof project on bitcointalk forum. https://bitcointalk.org/index.php?topic=2855373.0
This is their white paper. https://www.cvproof.com/white-paper.html

crazylikeafox
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February 01, 2018, 05:17:26 PM
 #377

in choosing a good ICO we should bear in mind the founders of the ICO, if they are trusted or not, to know about their history, the ICO's developers, if the are already have been successful before, and reading and understanding about the ICO's whitepaper.
anushkasachith888
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February 02, 2018, 06:27:55 AM
 #378

Yes I agree with on the above user who said about the trustworthy of that relavant ICO team.  CVProof team is full of highly qualified and reputed professionals. That's one reason why I like CVProof project.
You can check their team information from icobench.com , https://icobench.com/ico/cvproof/team

ternyabin
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February 02, 2018, 08:23:49 PM
 #379

Usually I choose several ICO with a high rating on the site icodrops.com. After that I choose only one project in which I will participate. For each project, I study the team, the previous experience, white paper, the site and publicity in the media. Based on this information, I choose the best project.
GeorgCoin
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February 02, 2018, 09:44:41 PM
 #380

It's hard to choose what is a good ICO for investment because so many ICO from now. But I think many ICO are true but 30% of their was not true or scam. That's why we makes some efforts to select the best ICO. You can make your own research to get some ideas. Look for the whitepaper, the team or investors,  the purpose why creating this ICO and how important of their project.
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