Quote from: garypedroza on July 30, 2018, 02:10:07 PM

Anyone still remember how hype was the ICOs in late 2017? Did you pick some ICO? Is your ICO doing well?
Well.. I think this is a sad story. As most of the ICOs were scam. If not, some of it just going down.. the price I mean.
Hmm.. Is it really a sad story? Or should I say a bright future waiting for us, who picked great ICOs? But, how to pick some prospectful ICO? How to choose good ICO?

1. What is the token for?
A good token must have a great use. It must solve a problem. It must fit with Decentralized Application (D-App) to be applied in large scale, and in good ecosystem also.

2. How is the token's community?
A good ICO must have an active community. This community will actively share about this ICO. They can critic or appreciate the devs work. If no one know your ICO, how can people buy? Find a token with great community.

3. Is the team badass?
Yes. Badass. Are they badass? Do they have great devs? A good ICO must have well experienced team behind it. You can check their linked-in for example. Try to ask them some question regarding their ICO. Look at reputated advisory team also.

4. ICO's hard capital
If they raised lots of money, they have to declare it transparently. If you do not or can not find it easily, watch out!

5. Strategic partnerships
Its partnerships, with s, plural. Look at the partnerships. Your ICO cannot survive if they have no partnership. In fact, in this beginning era of blockchain, they need lots of partnerships to expand, to achieve a greater scalability.

For example:
Take a look at trade.io. They aim to bridge traditional financial system into blockchain. They have launched an exchange where you can trade not only crypto, but also forex, commodities in the future.
They have great community that not only praise the team, but also great critics. Just join @Tradetoken telegram to see how critic a community can be. It's okay as long as its for the great future of the tokens.
Their team is also badass. From the CEO, who is a veteran in financial industry more than 20 years. Also the security team and devs team. Despite the experience, they can make mistake also, like bugs on the exchange. No one is perfect. But working together is getting you closer to perfectness. The team keep upgrading very quickly hearing the community voice. So there are two-ways communication by the team.
Also, they are prous as one of the successful ICO in 2017, raising more than 30$ million.
Lastly, they are developing a lot of strategic partnership. For example, ICO Watchdog, with their token DOG. They provide an audit to the upcoming ICO so this will benefits trade.io to audit lots of ICO that are going to be listed on the exchange. Meanwhile, DOG gets a perfect partner to promote their tokens.
They have all qualifications of successful ICO. With this is your mind, you are waiting for a bright future ahead. Cool

There are many factors to consider before either investing in or launching an ICO. The best way to prevent yourself from falling victim to a scam is to do thorough research. The more that you know about the industry as a whole, the better you'll be able to recognize those projects that are suspicious.

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