Hi Guys,
Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?
Thanks in advance.
99% of ICOs are designed for one purpose only - and that is to enrich the creator(s). In other words, yes, most of them are scams.
However, there are plenty of legit ICOs out there too. You just need to be very careful about which ones you choose to invest in. Do a lot of research in terms of the development team, whitepaper, road-map, etc. to gauge how successful you think it will be and then decide.
You literally took the words out of my mouth, I also suggest following whatever projects you plan to invest in on Medium, Link'd In, and Twitter. I would also join any Telegram announcement groups based off of the Specific Project. You can then stay up to date with the latest news and advancements!
Pay close attention to how much they have worked and how much of the Roadmap has been completed as if they are not sharing updates daily it is probably a scam!