Hard to Decide Potential Projects

[MrSheeda]

Hi,

It is becoming hard to decide which project has the potential. At early stages of crypto, it was a little easy to decide which ICO has the potential to grow lets say x100. Because one of the critical success factor of a project was its community or project hype which you can easy achieve nowadays by offering airdrops or referral campaigns. That's the reason telegram group of an ICO grows very quickly in days even in hours.

So, i would like to know from experts that how would you identify the project potential if project idea is not so different than its competitors and also teams are equally competent. 



Thanks
Sheeda

[1714949775]

1714949775

[1714949775]

1714949775

[1714949775]

1714949775

[akiravan]

I think, Potential Projects have:
+ Big Members on Twitter, Instagram, Medium, Facebook, youtube,... (social network)
+ Team dev: exposed face
+ Have advisors of crypto currency ( ex: vitalik buterin,...) 

[Acido213]

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https://tokensale.synapse.ai/r/5148

[MrSheeda]

I think, Potential Projects have:
+ Big Members on Twitter, Instagram, Medium, Facebook, youtube,... (social network)
+ Team dev: exposed face
+ Have advisors of crypto currency ( ex: vitalik buterin,...) 

- I just said that social media hype is being created via referral campaigns (twitter, facebook page etc.). They reward you for liking and sharing their content.
- All ICOs have got this trick, now they include good advisers from block-chain etc. to attract community. For example; John Macfee, he recommends shitty ICOs which you probably never heard about them but people invest in those projects. I also have invested in a project he recommended and he is an adviser too but frankly i doubt on this project now.

[daniel.roman]

Hi,

It is becoming hard to decide which project has the potential. At early stages of crypto, it was a little easy to decide which ICO has the potential to grow lets say x100. Because one of the critical success factor of a project was its community or project hype which you can easy achieve nowadays by offering airdrops or referral campaigns. That's the reason telegram group of an ICO grows very quickly in days even in hours.

So, i would like to know from experts that how would you identify the project potential if project idea is not so different than its competitors and also teams are equally competent.  



Thanks
Sheeda

In my personal opinion, when you talk of investment is important those that are asking for your money, to be as clear and transparency as possible. If you see the 80 % of the ICOs projects runs with this speech:
1.- Their website is in an .io domain (first alarm for me)
2.- In small letters they always say we do not guaranteed nothing (second alarm). And they really should give at least some reasonable guaranteed.
3.- They do not have a real address and phone number in their web page, so they want to raise 13 million in USD in cryptocurrency to run a project, but they don’t have an office (third alarm)
4.- What happened if they do not reach the soft cap, and how will be the method of refund.
5.- The jurisdiction where the project runs. For most of the project’s will be required to create a real company.
6.- Are these companies in taxes paradises? I am not saying this is wrong, just make sure they are giving or will give to you what they offer to you. And the investment laws that rule that place.
7.- The team, remember there are a lot of faces that you can download from internet and say they are the last glass of water in the desert. The real question here is:  Are they to young? Do they have real experience in related projects? Who are they?
8.- And for the last my favorite, take time to read the whitepaper, I have see projects running on FIAT that can be explain in two power point slides, but all the information is supported by real studies that we looked when we are making the due diligence part of the project.
I have seen ICOs asking more than 10 million in USD with a white paper of 30 pages at all. And for sure they have never run a project in their entire life.

I hope it is useful
Regards
Daniel

[MrSheeda]

In my personal opinion, when you talk of investment is important those that are asking for your money, to be as clear and transparency as possible. If you see the 80 % of the ICOs projects runs with this speech:
1.- Their website is in an .io domain (first alarm for me)
2.- In small letters they always say we do not guaranteed nothing (second alarm). And they really should give at least some reasonable guaranteed.
3.- They do not have a real address and phone number in their web page, so they want to raise 13 million in USD in cryptocurrency to run a project, but they don’t have an office (third alarm)
4.- What happened if they do not reach the soft cap, and how will be the method of refund.
5.- The jurisdiction where the project runs. For most of the project’s will be required to create a real company.
6.- Are these companies in taxes paradises? I am not saying this is wrong, just make sure they are giving or will give to you what they offer to you. And the investment laws that rule that place.
7.- The team, remember there are a lot of faces that you can download from internet and say they are the last glass of water in the desert. The real question here is:  Are they to young? Do they have real experience in related projects? Who are they?
8.- And for the last my favorite, take time to read the whitepaper, I have see projects running on FIAT that can be explain in two power point slides, but all the information is supported by real studies that we looked when we are making the due diligence part of the project.
I have seen ICOs asking more than 10 million in USD with a white paper of 30 pages at all. And for sure they have never run a project in their entire life.

I hope it is useful
Regards
Daniel

Thank you Daniel for detailed response.
I get your point about the team specially that relevant experience does matter alot in their respective domains.
That's good point you highlighted about in small letters they say we do not guarantee, i never noticed. And about whitepapers, I totally agree that it should not be lengthy enough but when you put some details, it eventually expands a little more.
can you please tell me why .io domain is alarm for you ? coz its cheap as compared to .com ??

[newwest]

Today their are so many projects starting each day and out of that only a few percentage of project would be successful and rest will be a guest for sometime and will windup. So one needs to be careful in analyzing the ICO, whitepaper, the team of the project and having conversation with them to understand the future road map. See how are they promoting on the forum and outside and how is the response among the participants.