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?
Here is my contribution and opinions.
when it comes to the initial Coin offering, which is like an IPO here are what i feel an intending investor should look out for ;
1. the competitive edge of the product in the market. This is very important as crypto space is very saturated.
2. The whitepaper of the project. A great whitepaper will show you the edge.
These two will guide greatly