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!
Those ways are good enough to be some of the ways to minimize the scams ICO. Besides researching the whitepaper and the team, commonly I myself will do some others. It is also important to analyze the token supply and allocation of the ICO program. The softcap and its information about the token sale are also important for we should know that their token sale is real.