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Author Topic: New ICOs and how to choose a proper one?  (Read 1752 times)
VikAn80
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May 02, 2018, 10:27:01 AM
 #121

What are your criteria to choose a good ICO? I am looking a little bit around and found have some interesting ICO in mind but I am still not sure if to buy some coins or not. Actually there is for example this ICO running now: www.culturalplaces.com . Its about a new cryptocurrency called Cultural Coin and it should be used as an platform for culture and events. Ticketing should also be paid with the same cryptocurrency. This is for example a project which sounds interesting for me. But obviously there are others also.
Would you choose this one or what are your most important ICO criteria?
Thanks Wink
The most important rule is this "do not use the money". Companies that offer fabulous money and interest on the bounty is very sweet, it is likely you will not get anything. Otherwise, it is necessary to pay attention even to the smallest details, if you want to be confident 90% 100% does not happen.
wave06
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May 03, 2018, 05:19:33 PM
 #122

Do you guys invest in ICOs just to resell and make a profit? Or do you actually use the specific coin for certain transactions, products etc?  Huh
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May 03, 2018, 06:08:18 PM
 #123

Each investor has his own method of determining a good crypto project from a bad one, someone reads a white paper, someone looks at a rating on specialized sites. I pay a lot of attention to the study of the command and advisers of the crypto project.
waterproof
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May 04, 2018, 05:14:25 PM
 #124

Investors trust the site IcoBench. The Bitrewards 4.5 / 5 project rating https://icobench.com/ico/bitrewards . The project with a strong team was seen by 61 experts and responded positively!BitRewards- a blockchain rewards and loyalty system for e-commerce businesses https://bitrewards.network/.
hetecon
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May 04, 2018, 06:38:17 PM
 #125

Now I have already begun to notice DAICO which are much more reliable, they were created by Vitalik Buteren, the founder of the Ethereum. I'm trying to take part only in similar projects.

yehor
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May 04, 2018, 07:51:58 PM
 #126

There are several platform that have their own criteria for evaluating the project.
I rely on the rating of the project.
If you want to know the newest upcoming and ongoing ICO you must see these sites:

ICObench - ICO rating and details

ICO details at ICO Crunch

ICOmarks - ICO Rating and Overview

TrackICO - ICO information and rating

CryptoNext - next generation

FoundICO

Companies that bring their product to the ICO are working to make investors know as much as possible about their ICO campaign. In this they are helped by sites that publish them.
pelixan
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May 06, 2018, 06:02:07 PM
 #127

What are your criteria to choose a good ICO? I am looking a little bit around and found have some interesting ICO in mind but I am still not sure if to buy some coins or not. Actually there is for example this ICO running now: www.culturalplaces.com . Its about a new cryptocurrency called Cultural Coin and it should be used as an platform for culture and events. Ticketing should also be paid with the same cryptocurrency. This is for example a project which sounds interesting for me. But obviously there are others also.
Would you choose this one or what are your most important ICO criteria?
Thanks Wink

The others already pointed the most important things out. I checked out also the culturalplaces project and will mention it in this list of criteria:

1) The ICO rating sites (they were already mentioned several times by other users...you know them Wink ) : This is or should be the first step to check if the rating of the ICO and also (very important) if it is a scam or not. If it is a scam, then you can skip the following steps (obviously) Smiley
Your project has quite good ratings as I have seen on some sites.
2) The whitepaper: Read it and read it carefully to understand everything. It could take some time but its worth it. I just overflew the culturalplaces whitepaper...its well structured and explains in a easy-to-understand way.
3) The roadmap: You should know where the project is now and where it will be in the future....the roadmap should show you all and in compact form
4) The team: Does the team look serious? Do they have experience in ICOs and cryptocurrencies? Any special advisors? (the culturalplaces team seems to satisfy this questions)
5) The marketing and social media activity (facebook, twitter, telegram, etc etc): Also very important....check it out and pay attention if they are active there.

That are my most important criteria. Anyways....just because of curiosity: Are you already an owner of some cultural coins? Wink I have seen, that the ICO is still going on...
Sean25pogi
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May 14, 2018, 12:13:21 PM
 #128

In choosing the right Initial Coin offering you should consider all factors.
One, read the whitepaper of the company to determined the all informations and platforms they have and the second is the feedback of the public which gives you assurance about the credibility of the company.
doughnut (OP)
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May 15, 2018, 11:24:55 AM
 #129

What are your criteria to choose a good ICO? I am looking a little bit around and found have some interesting ICO in mind but I am still not sure if to buy some coins or not. Actually there is for example this ICO running now: www.culturalplaces.com . Its about a new cryptocurrency called Cultural Coin and it should be used as an platform for culture and events. Ticketing should also be paid with the same cryptocurrency. This is for example a project which sounds interesting for me. But obviously there are others also.
Would you choose this one or what are your most important ICO criteria?
Thanks Wink

The others already pointed the most important things out. I checked out also the culturalplaces project and will mention it in this list of criteria:

1) The ICO rating sites (they were already mentioned several times by other users...you know them Wink ) : This is or should be the first step to check if the rating of the ICO and also (very important) if it is a scam or not. If it is a scam, then you can skip the following steps (obviously) Smiley
Your project has quite good ratings as I have seen on some sites.
2) The whitepaper: Read it and read it carefully to understand everything. It could take some time but its worth it. I just overflew the culturalplaces whitepaper...its well structured and explains in a easy-to-understand way.
3) The roadmap: You should know where the project is now and where it will be in the future....the roadmap should show you all and in compact form
4) The team: Does the team look serious? Do they have experience in ICOs and cryptocurrencies? Any special advisors? (the culturalplaces team seems to satisfy this questions)
5) The marketing and social media activity (facebook, twitter, telegram, etc etc): Also very important....check it out and pay attention if they are active there.

That are my most important criteria. Anyways....just because of curiosity: Are you already an owner of some cultural coins? Wink I have seen, that the ICO is still going on...

Yes, I know the ICO websites, thanks Wink Checking the ICO ratings there is also one of my first steps (if the ICO is listed there...if it is not listed, then I wait a time or search on other ICO rating sites).
You are also totally right with the social media activity too! No marketing-->no buyers-->no selling product-->as simple as it is.
To answer your question: Yes, I am already participating in the culturalplaces project Smiley The ICO is now in phase 3....so there is still 2 weeks left.
Razick
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May 15, 2018, 12:32:53 PM
 #130

Proper ICOs always have one thing in common and that thing is that they are always offering a good product to go along with the coin. There is always something specific that you can do with the coins that you buy while with scam coins you are just holding a bunch of coins and waiting for the price to go up so you can sell. Also with good ICOs, they always have a face to go along with the project.

ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
daly896
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May 15, 2018, 12:35:22 PM
 #131

I no longer participate in ICOs, but prefer to buy tokens on exchanges due to dump. I've seen a lot of ICOs and those tokens costs much lower on exchanges just after listing, like 70% discount

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chessi
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May 15, 2018, 12:53:48 PM
 #132

 Good ICO in my eyes is not only a team or a product. The most important thing after these two is to check whether the team has international experience and connections. The biggest challenge of any global project (and ICO projects should be such) is how to get it scalable and adopted by people around the world. How the team intends to do so? Can we see very clear plan to go global in their whitepaper? Does the team has this ability or global credibility and experience?
Otherwise the project will inevitably fail. 
TontomHit
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May 15, 2018, 01:00:29 PM
 #133

I used to check the score in the ICO benchmark sites, also the quality of the team, and of course what the project is about, does the token has real usuage, or it is just an excuse to collect a bunch of money, as an ICO. Because IMO that is the case in quite some times.

lanafilonova
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May 15, 2018, 01:02:48 PM
 #134

To choose a good project, you have to trust the professionals. Look at how many percent of projects from the rating increased and how many fell.
raahi
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May 18, 2018, 10:46:49 PM
 #135

Checking the team of the ICO is the best thing to check before joining any ICO because if the people which are involved in that ICO are good and experienced then I am sure the ICO is good one but if the people have no experience then the chances of SEO to get success is less.
hongtranggg
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May 19, 2018, 05:17:29 AM
 #136

The first and most important criterion by which I make the selection of projects, to achieve this there should be a soft cap Then look at of course the company itself, which has organised and co. It is desirable that it was a functioning company that changes its systems to blockchain.
crypt0junkie28
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June 08, 2018, 10:27:43 AM
 #137

Find something you are passionate about. Me, for instance, I am so happy finding Chozun. Since I really love travelling, I found this ICO interesting. They are still starting but I think the team behind this project has a strong experience in blockchain and cryptocurrency.
michael23
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June 08, 2018, 11:45:06 AM
 #138

I first of all look at the project. If I see a new original project then I start reading white paper and look at who is managing this project, the team members.
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June 08, 2018, 12:04:04 PM
 #139

In my basic opinion, if we want to choose a good ICO, we must consider:
- product that is offered by the ICO project. Many ICOs now don;t have the real products. They are only following the other existing ICOs.
- Token supply and token allocation and what happen to the softcap and fund rising.
- The team of the ICO project whether they have experience or not.

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June 08, 2018, 12:11:28 PM
 #140

Its real hard to choose the ICO projects nowaday, as they dont provide proper information about themselves. I guess that's why they dont work and fails. I personaly, look for safety and sequrity and the technology they are using. I know the basic benefits of blockchain technology so i go for the projects which are blockchain based. Wink

One project I came across is Dakuce https://dakuce.com/

It is based upon cryptocurrency exchange and totally based upon blockchain technology, that means it provides safety and security. The process starts with DAKU Token, a currency medium in which you can invest in to participate in the project.
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