Bitcoin Garden Forum
Cryptocurrencies => Crypto Discussion => Topic started by: secco on May 15, 2018, 07:34:02 PM
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Bitcoin Garden: ICO is still booming: what we need to understand in order not to make mistakes when investing
https://bitcoingarden.org/ico-is-still-booming-what-we-need-to-understand-in-order-not-to-make-mistakes-when-investing/
In 2018 the ICO market does not show signs of slowing down. This year more than 1000 ICOs have already been successfully completed with estimated $1.5 billion raised. And this is not counting the sale of Telegram project tokens – it is expected that the ICO messenger and the blockchain platform of Pavel Durov will set a new record for fund-raising. We already know about two rounds of investments, during which about 1.7 billion dollars were raised.
At the moment, the market entered the phase when the number of projects offering to buy their tokens during Initial Coin Offering events no longer allows investors to rely solely on their own analysis. Of course it is still necessary to consider the following factors that are extremely important when choosing an ICO to invest:
1. The project itself must resolve the actual problem faced by millions of customers, for example, a convenient crypto wallet, file storage rather than using a contrived binding to the blockchain to use the wave of interest in the new technology.
2. The project must have a well-written whitepaper, which lists all the basic information about the project: its idea, ways of technical implementation, significance for the market and competitive advantages.
3. The working prototype should be at least in the alpha version, published on Github and subjected to critical analysis by the crypto community and its leaders in other authoritative sources.
4. The released token must have a distinct economics of use. If it is a token for internal use (utility token), then we have to look at exactly what it can be spent on inside the ecosystem and how valuable it is. If the token is used as a security, then it is important to understand how the income is going to be paid to its holders.
5. It is extremely important to correctly assess the team behind the project. Founders must have a proven track record of creating and managing companies in the same field, or they must be significant names in the industry. The same applies to advisors, since they often have unique expertise or knowledge relevant to the scope of the project.
In order to make sure that the ICO meets at least these minimum requirements, there appeared many agencies and individual analysts who collect all of the above information, forming the grades of Initial Coin Offerings on its basis....
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great information
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It's a helpful information. Also it's essential to do a research before making any decision. I usually use ICO Pulse (https://icopulse.com) information source. There are many reviews with experts thoughts on different ico projects. Now I am interested in Alehub, its rating is 9.9 .