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    Author Topic: How to choose the right ICO?  (Read 7943 times)
    BlackMoon258
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    May 03, 2018, 04:46:04 AM
     #641

    Something you have to know to choose the right ICO:

    1. Know the people/team behind them

    2. Go for disruptive concepts
    The product or service they offer must address a real need area and use revolutionary solutions. Look for concepts that truly seek to disrupt the status quo of a particular industry by leveraging the strengths of blockchain.

    3. Understand the target market
    It is important to put the company, their technology, and product or service in the context of their target market. They will inevitably be subjected to the market and regulatory pressures of their target industries, so knowing the environment should give you an idea of what challenges and opportunities these ventures face.

    4. Evaluate the technology
    One can also evaluate the viability of a venture through its proof of concept. Ventures with proofs of concept and pilot case studies are often safer bets. ICOs that offer nothing more than an idea bear significant risk compared to ventures that have proofs of concept already available for evaluation and testing.

    5. Nitpick the white paper
    A white paper serves as the company’s pitch to potential investors. As such, it should be well-written and substantial enough to provide compelling arguments on why people should trust the venture with their investments. Nitpicking the white paper could prove useful in revealing the details of how their solutions work and what need areas they will be addressing.

    6. Know what the coins are for
    Integral to ICOs are the coins or tokens themselves. Aside from functioning as the form of security (similar to stocks in traditional investments or initial public offerings), these coins often have other functions with the platform or ecosystem.
    Keep in mind that not all commodities (digital and real) may be ready to be tokenized and traded digitally like bitcoin. If the market isn’t ready, it will ultimately affect the venture and the value of their token.


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