A lot of people have been burned by founders running away with with ICO money. It tarnishes the reputation of cryptocurrencies and I believe we should help educate new investors as soon as possible.
Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?
And what are the red flags that you often see people fall for?
Let me start with the red flags:
1. Do not invest in an ICO if the team is not active on social media, especially on Twitter and LinkedIn.
2. If the project does not have an active telegram group or does not respond to questions, please avoid that project.
3. Check members out on professionals media like LinkedIn .
4. If the soft and hard targets set for the projects to meet during ICO is high, avoid it. That is a danger sign.
What I look out for to know if a coin is worth throwing money at or not is the use the token wil serve in th market. Apart from that no token is worth throwing money at.