Post
Topic
Board Altcoin Discussion
Re: How do you determine a good ICO project?
by
MrThang
on 21/09/2018, 09:13:46 UTC
Nowadays too many scam project just to cheat money, how u guys determine is it a good project?
1. Read up on the ICO as much as possible
Check the ICO’s website, read the whitepaper, browse through their team page (the most important!) and even check their social networking pages and channels.
2. Guaranteed Profits
An ICO needs to be as straight as an arrow and not try to push an investor into taking part in its project by ensuring profits.
3. GitHub does not include the ICO’s source code
If your ICO has an empty code repository, that proves that the so-called professional team is lazy and unwilling to perform their best for the company. An ICO would never bow down to the challenges of the public, and will always want to improve that the solution is valid enough to function.
Don’t fret if you’re not an expert in coding, merely check if the repository is active and is receiving regular updates.
4. Unthinkable Premines
Premining allows an ICO to give tokens to a select few people before the crowdsale goes live. It is usually to reward project contributors, developers, and investors. However, if you notice a majority being offered pre crowdsale, you have caught an ICO that is trying to draw with their shrewd tactics of stealing your money.