The ICO project evaluation criteria

[cuong1610]

What is an ICO?

Soon, ICO stands for Initial Coin Offering, which is a fundraising activity from investors through Cryptocurrency (electronic money).
In a nutshell, if a company wants to release their own electronic currency, they will usually conduct an ICO in one period (typically 1-6 months). And in the ICO phase they will sell specific tokens to certain investors for cheap to raise capital.
And then at the end of the ICO period (if successful), the token will be converted into a single electronic currency of that company and it will be listed on the floor at a higher price so investors will multiply fortune many times.

HOW TO ASSESS AN ICO PROJECT?

First of all, there are no definite formulas or elements for evaluating a potential ICO project as there are hundreds of factors influencing its success: political institutions, the law, the founding group or the advisory board, the level of communication, the interest of the community ...
Therefore, the information below will only help you find it!

1. Evaluation of the ICO project website

It must be said that most of us, when looking at an ICO project, look at its "face" to see if it is professional or not. The "face" is nothing else is the website interface.
Most of us will feel confident if the ICO project website is designed professionally. However, this is the point where many projects are easy to create confidence because they can now hire a team of professional designers to prepare for a ... spectacular scam!
#1. Check domain (domain name) is registered by any company? Anonymous or not? When and how long?
#2. How to check traffic? Which country visits the most? Where does traffic come from? Where the traffic comes from can not determine which website or coin from which country. Traffic depends on their advertising strategy in which area.
#3. Community participation in the project through other media channels such as Facebook, Twitter ... how many followers, how interested? These are the key issues for you to take a holistic look at an ICO project from a technical and website perspective as well as how the community engages it.

2. How does the international community evaluate the project?

ICO projects are now of international interest, so you need to see what other countries are saying about that project.

3. Evaluate the development team and the ICO project advisor

This is really the most important factor to evaluate an ICO project!
      Which members are the founding board of the project?
      Who is the project advisor?
      Project from which country?
      What is the application of blockchain technology?
      Which company is behind the project?
But instead of the majority of current ICO projects founders, executives and advisers are "hiding in the dark"
So when you join the ICO you need to know that there are two types of projects:
      1. The ICO project runs lending and adopts community building strategies through MLM: Often these projects are "very mysterious" and they will not publicize the founding team or advisory board or parent. , grandparents ... who
      is it? Invest in these projects you need to return to the # 1 rating (ie the majority of website reviews, communities and hears the news are essential).
      2. ICO projects have a clear strategy and application: Often such projects are very few (fingerprinting) and will not generate much profit as they release large numbers of tokens during the ICO period. . These projects are hard to
      x5 or x10 capital but the ability to hit the floor and success is very high so it will be safe for your investment.
So for the coming here, you need to be "alert". For ICO coin lending projects running under the MLM (Multi-level Marketing) model, you do not have to search for founders or advisors what to do, because almost no, or there is 99% fake information.Here you will probably ask: So the ICO lending projects under the MLM model should not invest? The answer is not! But be selective and have control over the emotions as well as master your capital (this I will share below). Since not every ICO MLM loan project is fraudulent, in the past year we have seen the success of Bitconnect followed by Regalcoin or Hextracoin ... (almost after 1 month ICO 100% of investors have at least x10 times the capital)

4. Platforms and Applications

A good ICO project will usually have clear objectives. Their application must be feasible. Clear roadmap and long distance travel. Make the habit of questioning why. Why is that? Some current projects on social networks or ads from the Leader with an invitation x50 x 100 times the property but you see some people explain clearly: What is this project? What is the application, is it feasible or not? Or just call this a special project never before? (Especially where?).

5. Marketing Method (Ref.)

Usually the scam ICO project will pay very high ref. Why is that? They want to attract investors by paying high commissions to invite more people to play. Higher ref pay is usually the ponzi form - variable ICO.

Epilogue
This is my only opinion, hoping for new people and learning about ICO will be more information.

[cuong1610]

The sad thing is that a lot of this should be common sense, but people still don't do it.
I hope this comes in handy for a lot of people.

Hope everyone will understand what I share.

[vuanhquan]

The lending projects in 2017, they have planned to cheat from before, no place can pay so high interest, the traditional coin need the participants to invest well, otherwise it will not be able to increase Value, if the price is too low, cause losses they will doubt and do not care about it anymore. The value will go down, leading to it being difficult to survive.

[0Shendy0]

When I was looking for a trustworthy project, I paid attention to these factors: they must have a good Whitepaper. They must have MVP on their website, cause lots of projects like to write how cool they are, but don't have anything except these pompous words. Their employees should have profiles on Linkedin, for example, cause scammers are afraid of revealing their personality and often they whether don't have any profiles of steal somebody's photos. Their groups on the social networks be active and not filled with bots and fakes. Also I checked their profile on GitHub. You can check up Cryptics - forecasting platform which does use 100% AI. Their project does satisfy with all these requirements.

[maucial]

First of all, always do your own research before investing in a project.

Looking at the project as a whole and looking at the team behind it, is very important to make a correct decision.

If I can give you guys my opinion, I discovered an exciting ICO that is very interesting: RAWG.

Look at this article where the team explains:

“Why the games market needs RAWG”

https://medium.com/rawg/wp-bits-1-why-the-games-market-needs-rawg-ccf039c0bae7

The ICO will start in a short period and they are at the moment in pre-ICO phase. This is the ICO site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database) and, which is very interesting, they have already reached the soft cap.

Have a look and get some information while doing your own research!