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Author Topic: What is the most important part of an ICO?  (Read 410 times)
orangeferrari3 (OP)
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February 26, 2018, 03:26:05 PM
 #1

There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.

I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.

I am open to opinions and would love to know if anything else is as important.
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February 26, 2018, 03:38:37 PM
 #2

There are various factors that support the success of the ICO. In my opinion, they could be willing to spend money with a large amount just to promote their ICO via social media or other. Not only that, they also know how to get investors interested in their ICO. For example creating simple, high-quality video content that can explain the purpose of their project in it in order to attract investors to join their ICO. So from that, not just a promotion but they know how to make the promotion can attract investors. Thank you.

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February 26, 2018, 03:39:41 PM
 #3

Try to get as much information about the team behind the project it self, you cant trus some random person who doesnt even have linkedin page right ? after that try to look at what project they devlop, is that project even make sense to realise
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February 26, 2018, 03:40:46 PM
 #4

Top 3 I am looking for an ICO are
1. Team
2. Use Case
3. Prototype or Github

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February 26, 2018, 03:53:10 PM
 #5

There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.

I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.

I am open to opinions and would love to know if anything else is as important.
The devs are without a doubt the most important part of a project but at the same time everything is important, if the developers are good but their idea sucks or it has been made a million times then the ico is going to fail, if the developers are good but they are not able to follow the road map then people will lose faith in the project ever being developed, so as you can see while the developers are critical to the success there are simply too many variables to consider if an ico is going to become successful.

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February 26, 2018, 03:55:55 PM
 #6

There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.

I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.

I am open to opinions and would love to know if anything else is as important.
The most important thing is the legitimacy of the team and their experience in the relevant field.Also cross check their linked in profile to make sure that they are actually associated with the project.

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gg20222
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February 26, 2018, 03:59:12 PM
 #7

What is the most important part of an ICO? For me the most important part of an ICO is their team. Its members, staff, people. It need teamwork, and their trust to have a good ICO. NO TEAMWORK no accomplishment or good ICO or projects. Thats my opinion.
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February 26, 2018, 03:59:59 PM
 #8

The most important part is the project itself. Will he bring some positive emotions to the Aulditoria and in general how will it affect life as it will simplify it.
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February 26, 2018, 04:02:06 PM
Last edit: February 26, 2018, 04:40:37 PM by winspiral
 #9

the start...after it goes alone

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February 26, 2018, 04:02:49 PM
 #10

In my opinion, the most important part of an ICO project is whether to implement open source, open source code is a very important thing, because a good ICO project is generally open source.

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February 26, 2018, 04:07:42 PM
 #11

I think an experience and solid project team is the most important factor for a successful ICO and project product in long term.
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February 26, 2018, 04:17:23 PM
 #12

The most important thing is team, I agree with you guys, also I think only idea is not enough to raise lots of money, they should at least have some prototype.

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February 26, 2018, 04:31:23 PM
 #13

For me, it is the Whitepaper. There you can find everything for everything, Team, Roadmap, Goals, ICO, Partnerships, Investors, these are the real stuff. And then you can search for news on the Website, Telegram group, see if you can find something interesting. And if it sounds promising, go for it!  Cool
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February 26, 2018, 04:36:04 PM
 #14

All of the factors such as team's credibility,the product of the ICO and its use,the whitepaper and the roadmap should considered too and most imporantly you should ask yourself is this project really necessary to exist? does the blockchain needs this type of projects? if not you probably think twice because you will only waste your time and money.

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February 26, 2018, 06:03:36 PM
 #15

The first thing to check before investing in an ICO is the background data of the dev team and if the coin is being valued at a fair price and not being overpriced.

 
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February 26, 2018, 09:09:29 PM
 #16

as release with the details of strategics of the investment projects from the developer to gives with reference for investors to gains with the use of returns of examination,
the work on following         decision as measuring running extracts as moderating news from the developer to  improves decision as might to put of funds with the investment projects of ico

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February 26, 2018, 09:22:03 PM
 #17

A lot of it,the developer team,founder and advisors all the people behind the project should have credibility,the product of the ICO should have some use to our daily life,the whitepaper should be well written so that we would know of these people are just playing around or just want to raise funds,roadmap should be clear and attainable these are just the few factors that we should consider.

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February 26, 2018, 09:38:17 PM
 #18

A lot of it,the developer team,founder and advisors all the people behind the project should have credibility,the product of the ICO should have some use to our daily life,the whitepaper should be well written so that we would know of these people are just playing around or just want to raise funds,roadmap should be clear and attainable these are just the few factors that we should consider.
but how to determine a really promising project and a good coin in value? Of course, it is desirable to get to not yet on scammers, but really on decent developers.
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February 26, 2018, 11:14:54 PM
 #19

A successful ICO really needs all parts of the system to work together... Devs, leadership, marketing & PR, design, it fills a niche, market acceptance, the name, the logo, the advisors.
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February 26, 2018, 11:55:28 PM
 #20

There are a lot of ICOs going around right now and most are considered scams. People around the globe have put out some legit points to check if any ICO is legit or not.
Now the thing is, scammers have equal access to content and have made the necessary arrangements to overlook such mistakes, and also I believe that more than ICOs being scammy, it is just them failing to reach their roadmap. That is like most of the startups failing halfway through.

I think the most important aspect to check is for a dedicated team more than anything else. Obviously, it is hard to judge but more than anything else, it is what drives an ICO to its success.

I am open to opinions and would love to know if anything else is as important.
The project/idea/product itself is the most important. Without this, there will be no ICO to start with. I mean it’s like voyaging the vast ocean without a compass! Or a blind man crossing the street without a stick. This is the goal which guides a team on its journey towards its accomplishment. And the main reason why an ICO has been set up.

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