Hi everyone
New to this forum but I see a lot of veteran advice here. Lately I've been researching, tracking and dabbling in a ICOs. I'm wondering what everyone's opinion is on ICOs, in general, and what your guidelines for investment might be. Note, this isn't a standard "should I invest in btc or X, Y or Z thread, but more of a place to share some strategies.
Personally I always start with the whitepaper and research it and its merit. If it sounds reasonable, I try to answer the question of "what problem does this ICO solve?" - is there a need for it, or, is it simply applying blockchain to some aspect of some industry for no real reason.
Finally, I look at the team. Have I heard of anyone, can I find them on twitter or LinkedIn, etc.
Anyone have other strategies they are willing to share? Looking forward to the discussion!
I look for originality, feasibility and usefulness of the project's product or service. These are the characteristics most investors are looking and willing to take chances for.
If the product or service it provides will be very useful, the tokens for that project goes up in the market. Specially if the token is a utility token.
I also look for these characteristics because original products are created by a team who really put effort and knowledge on it. Other projects are just copy cat of previous one and usually ended as a scam.