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Re: New ICOs and how to choose a proper one?
by
pelixan
on 06/05/2018, 18:02:07 UTC
Quote from: doughnut on March 08, 2018, 11:35:59 AM
What are your criteria to choose a good ICO? I am looking a little bit around and found have some interesting ICO in mind but I am still not sure if to buy some coins or not. Actually there is for example this ICO running now: www.culturalplaces.com . Its about a new cryptocurrency called Cultural Coin and it should be used as an platform for culture and events. Ticketing should also be paid with the same cryptocurrency. This is for example a project which sounds interesting for me. But obviously there are others also.
Would you choose this one or what are your most important ICO criteria?
Thanks Wink

The others already pointed the most important things out. I checked out also the culturalplaces project and will mention it in this list of criteria:

1) The ICO rating sites (they were already mentioned several times by other users...you know them Wink ) : This is or should be the first step to check if the rating of the ICO and also (very important) if it is a scam or not. If it is a scam, then you can skip the following steps (obviously) Smiley
Your project has quite good ratings as I have seen on some sites.
2) The whitepaper: Read it and read it carefully to understand everything. It could take some time but its worth it. I just overflew the culturalplaces whitepaper...its well structured and explains in a easy-to-understand way.
3) The roadmap: You should know where the project is now and where it will be in the future....the roadmap should show you all and in compact form
4) The team: Does the team look serious? Do they have experience in ICOs and cryptocurrencies? Any special advisors? (the culturalplaces team seems to satisfy this questions)
5) The marketing and social media activity (facebook, twitter, telegram, etc etc): Also very important....check it out and pay attention if they are active there.

That are my most important criteria. Anyways....just because of curiosity: Are you already an owner of some cultural coins? Wink I have seen, that the ICO is still going on...