Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
Firstly, I check out the whitepaper and ask relevant questions in their community. Unfortunately, some badass whitepapers have been put together by money grabbers.
Next, I always pay attention to the team that claims they will bring these ideas to fruition - are they capable? I always look out for teams like that of
ECOMI, with a licencing giant such as Alfred Khan.
Again, I try as much as possible to assess how possible bringing their idea is.. I don't like unnecessarily complex projects.
Finally, how useful is the utility they possess and can it be appealing enough for the masses to adopt?
If all these are checked in my books, I go in and HODl long term.