Many ICOs coming up just like blown away nowadays, while in my side i want to make huge benefit and on the other side they prividing projects. But the thing is many of them just bringing the project that i don't even know what kind of project is that, and few of them sounds familiar each other.
It is hard for me with minimum knowledge to know are they really have a working project or they just selling a concept. So i just wanna know what points that you consider when you investing on ICO?
Well, in most of the ICOs or I must say all, there are only concepts and not working project. ICO is initial coin offering i.e. they sell tokens and collect money from people in order to gain funding for making their project and working on it. The points you must consider while investing in ICOs are :
1. Read the whitepaper to understand their concept.
2. Read their roadmap.
3. Check background of their developers and advisors.
4. Check background of their partnership status.
5. Join their twitter and telegram group to get news on their updates.