How to find a promising ICO?
Do lots and lots of research.
Here is how I would do it:
- I would start by skimming summaries and rejecting any that don't make sense, don't describe a promising business, or don't look legitimate. That should weed out 80% - 90%. It is important to not worry about accidentally rejecting good projects. It is ok to miss a few.
- Then, I would start researching the ones that are left.
- Read the white papers. Reject any that don't actually describe how everything works, that make unreasonable claims, or that I don't understand, don't like, or just don't believe.
- Investigate the team. Would I hire them to develop a project?
- Evaluate the roadmap. Reject it if it seems unreasonable.
- In the end, I will be left with a small number to choose from. If I end up rejecting all of the ICOs, then I start over or give up.
- Next, I would evaluate the remaining ICOs for risk, and estimate their potential returns.
- Finally, I would invest in my top picks. It is important to expect that most of these will fail, but the ones that succeed should make up for the failures.
You can search on specialized sites with ratings. When I need to find prospective ICO, I do it. There are at least two sites with ratings, I give links:
https://icobench.com/ and
https://foxico.io/. Good luck in the search for high-yielding ICO!
I wouldn't evaluate ICOs according to ratings by random sites. That seems like a horrible idea. It is doubtful that they did proper research and it is likely that they are paid for high ratings.
Also, it is harder to find a legitimate ICO than an ICO that promises a high-yield.