Re: What are the 3 thing you look for in an ICO?

Quote from: nicolasduboismin on October 21, 2017, 08:39:33 AM

Quote from: nutildah on October 21, 2017, 08:36:04 AM

If you are totally new to ICOs I recommend the following guide as a starting point:

https://coinclarity.com/ico-101/

I'm going to be writing my own personal guide to ICO investing, probably a bit lengthier than the one listed above, having followed the phenomena since 2014.

If I had to limit the criteria to 3 things, I would have to make some sweeping, all-encompassing generalizations:

1. What is the ICO attempting to accomplish that no other project before it has? How original is the idea? Is there a sincere reason why this project could be profitable and successful, or is it just a copycat / clone of another, previously successful idea?

2. Do a gut check on the legitimacy of the ICO. What do your instincts tell you about how sincere the ICO team actually is? Is there a whitepaper, a public dev team, a decent website and decent community interaction?

3. Who is backing or supporting this ICO? Does it have any notable investors backing it, preferably ones with a demonstrable success record? Is it just trying to raise funds from an anonymous public or are there any other companies / individuals signing their support for it?

This is just a summation of about 10-15 different things I research before investing in an ICO.

Thank you for this ! I am new and these kind of posts help a lot - will check your website as well. Great. Especially the third point seems to make a lot of sense to me. It seems as when the projects do not only have the backing of participants from the ICO world, but also the backing of people from the underlying industry, there is a real connection between the two sometimes which can be very good.

Well, that's interesting ideas and as a newbie I have to read very carefully the details of those ICO platforms which been presented in the bounties of altcoins. Most importantly the reputation of the manager can give us an assurance to trust the project, like checking the spreadsheet of the campaign so you can determine how promising that ico been raised to generate good profit. But, we must be more vigilant as always because an ICO doesn't mean successful all the time, there maybe scenario that it will fail like from previous other projects who failed.