Your choice is a good project, but you need to exercise due diligence. You are new to this space, and you need to read more, in my opinion. Your $ 500 can become $ 2000 in months and can also become $ 200. So, be wise.
Investing in ICO is good, but it also involves in some risk, there is an advantage investing in ICO because your money can be double or even more if the project is successful but you must also consider the negative side of it.