Nimbus Token The Ins and Outs of ICOs PT.1
With ICOs (Initial Coin Offerings) being the current talking point of the cryptocurrency and blockchain world, there is no shortage of projects out there competing for your investment. Navigating them can be a minefield many ICOs have turned out to be frauds but there is value to be found too. How do you tell the difference? This article will explain how to choose an ICO, understand the different types of tokens, and how to spot a scam ICO.
The first place to start is the same as with any investment; determine your own appetite to risk. How much are you prepared to invest? How much are you willing to lose if things go wrong? ICOs are undeniably risky, so what kind of reward do you expect from an investment to justify the risk? Considering these questions will help you to avoid being swept away in the excitement when you come across what seems to be a dream ICO.
The team and the pitchWhen you find an ICO that might be of interest, you should take several steps. Look at the overall quality of the ICO website and its white paper. Does it look professional? Is it well-written? Are the ideas clearly expressed or do they seem confusing and needlessly complex? Are the stats included reputable and do they make sense? All these things will help you to develop a gut instinct about a project.
Next, look at the team involved. If no team is mentioned then that is a red flag. What you want to see is the names, job titles and backgrounds of all the key staff members, plus some links that might help you verify their identities. Look for their social media and LinkedIn profiles if links are not provided. Photos can be helpful too because you can cross-reference them with search engine results to be sure that they are real people.
Beyond establishing that the team is real, you should consider whether their experience and expertise give you confidence that the project will be successful. At least one person, ideally the CTO, should have cryptocurrency expertise, but you also want to see expertise in the sector the ICO is tackling, plus a level of experience that suggests these people have successfully managed challenging projects before.
After reading through this take a quick glance at our Website:
www.nimbustoken.comAs you can see our website is top of the line, we have a great whitepaper out and it is professionally written with all legal documents as well. In the whitepaper you will find all the info on Nimbus Token needed, its functions, and its real life uses. As for our team, we have some of the best in the industry. Our CEO, Storm Bear Williams, was the first person to use crowdsourcing for his charity Booksforsoldiers.com and our Crypto guru John McAfee who I am sure everyone in Crypto already knows. We have an amazing team with great experience and work ethic behind the project. Nimbus Token is the perfect project to invest in. More Ins and Outs of ICOs to come in the following articles. Stay Tuned!
Be sure to check back for more articles that will help you fully understand the Nimbus Token Platform.
For more information regarding Nimbus Token please visit our website at:
https://www.nimbustoken.comAlso, if you have any questions regarding Nimbus Token or would like some extra information check out our social media:
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