Every investor in the ICO space is asking themselves, if her/his investment wasn’t a waste of money. In this post I will share my criteria in selecting the best possible ICO, but first let’s define ICO to better understand it.
ICO-a crowdfunding technique by which funds are raised for a new cryptocurrency protocol or solution. An Initial Coin Offering (ICO) is used by startups to bypass capital raising process required by banks. In an ICO campaign, a percentage of cryptocurrency is sold to early backers of the project in exchange for Bitcoin or Ethereum.
So, are you looking for + 1000% return or more on your ICO investment?
Me too. And I am using steps described in this post.
Follow those simple tips to make sure that your ICO is legit (not a scam) and has a potential of becoming the next big thing. When researching for ICOs always investigate:
Protocol
How the token is used to fuel the network
Competition
Industry and industry needs
Team
Probably the most important aspect of every ICO is the team. You want to make sure that the team us experienced in launching a successful ico. You may ask yourself the following questions:
Did they delivered promises?
Launched an ICO before?
What is the background of a team?
Do they have a complementary skill sets?
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