Hey there, CryptoProfile was essentially founded to solve two core issues within the crypto community: unreliable airdrop mechanisms and shady ICO practices. Therefore, we will do our due diligence and ensure we will never end up with a scam ICO.

Due Diligence Mechanism

Every ICO project will need to be screened thoroughly to ensure that they conform to the standards set by CryptoProfile. The due diligence mechanism is as follows:

Business Viability: The project must be able to address a current problem with an adequate target market and feasible cash-flow predictions.
Technology: The project must be backed by a sound technological base that works and fits the overall project goals.
Token Economics: A stable token economic model is a pivotal factor in the success of the project. Key variables to look out for is the degree of centralization, escrow mechanisms and the synergy of the tokens with stakeholders’ interest
Team: The team working on the product must be qualified with the necessary skills and dynamism for the project’s success.
Coin Utility: The value of any token is fully contingent on its utility. There must be a solid use-case and application for the tokens within the ecosystem.
Regulation: Given the increased scrutiny of the greater cryptocurrency market, the regulatory aspects of any project will need to be analyzed within the context of its jurisdiction before anything else.

Hope this clarifies. Thank you.