Cryptocurrency is slowly taking over the world's economy. In fact, day after day more companies were engaging their business in crypto technology and even to a point in launching their own ICO's (Initial Coin Offering). There are also millions of individual who are supporters to his kind of currency and those are the investors, traders, miners, lenders & etc. Literally, cryptocurrency is the evolution of a monetary system that will reign in the world's market. If we are wise enough, we should ride-on with the flow for us not to be left behind in the dark corner scratching our heads.
Currently, ICO's were flooding in the web and inviting us to invest in their platform. Youtube, facebook and twitter are their main outlet to open-up their platform for a public scrutiny and reviews. They have different style and methods on how they present and sell their platform to their audiences and there are tons of mouth-watering promise they made just to invite supporters. In just a week, there are hundreds of ICO's that were launching and its very confusing for us which is the best ICO wherein we will invest our hard-earned $$$.
I'm also a big fan of ICO's - competing from a thousand "cryptonians" just to buy some coins. But the big question is, how are we going to determine which ICO are we going to invest since there are so many out there launching their coins. Legit and scam platform were both inviting for investors and we must know which is legit and avoid those scam ICO's. I always do the process of elimination until I come-up with the last remaining ICO and there I made a decision to invest in it. Below are the steps I always do to determine which ICO Im going to invest. :
1. Platform and Road Map - Every ICO's have its own whitepaper to show to the public whats there plans and where are they going. Timeframe is very important that can be found in their "Road Map". The time table from the launching of their coin to the availability on the market should not exceed 3 months otherwise it gives red flag to us. I prefer those ICO that offers Lending, Staking and Trading platform - this will maintain the hype of the coin and thus inviting more investors to jump-in the bandwagon.
2. Hype - We can't deny that hype is a big factor to invite more people to invest in their ICO. The more buzz that it made, the better - it is an indicator that something worth in this ICO. Let us remember that Investors makes the ICO launching successful - the more people invest in their coin, the more success they can get and the buzz itself invites investors. I always use google trends to determine how much hype of a certain coin. You can input any coin in it and compare its graph to determine which coin is the talk of the town.
3. Web Page Expiration - Some ICO's having only 1 year contract in their web page and some 5 years. The thing is, if they are planning to stay longer then why they would get a 1 year contract only? But of course, they can renew it when it expires, however it will still gives a red flag to me. I am using Whois to see its page details.
4. Research Online - Youtube and google is a reliable tools in researching this ICO's. We should consider the others opinion and reviews for us to widen our knowledge on a certain ICO before engaging in it.
5. The Web Page - It is very essential to make their page clean and proffesionally done. This is their face and doorstep in their platform to welcome us the investors. The page should be neat and user-friendly and all the necessary documents and papers must be there.
Good luck guys in your search for best ICO in the market and hope that I impart a little knowledge to you on how to determine the right coin to invest.