Everybody wants to be super rich by participating in ICO's: thanks to the current digital revolution but do you know most of the new ICO's turned out to be scam. As per a recent survey by Ernst & Young, 10% of the money raised for ICO's has been stolen.
In the year 2017, 418 out of 902 ICO in 2017 have already failed.
So, what to do in this case, Here are the key guidelines; never invest without following these.
Team/Management:
Extremely important, unless and until; one won't get complete info about the entire team by crosschecking their accounts on other social media platform and several other ways of cross-verification, don't even think of investing in it.Project:
Take an in-depth understanding of what products they've built in the past so that through that experience, you can determine their current project which will help you understand, How they'll be doing troubleshoot also How they'll lasts in the market?Read the whitepaper:
Blockchain is in its really early days very similar to what the internet was and so many individuals try to take undue advantages of this revolution. Through this one will be able to understand technology and as its' in nascent stage; it might be slow, costly and will also get to know whether it's needful or not to be on the blockchain.When the token was launched?
It's quintessential to know the launching schedule and also their coin offering. By doing this, one will also understand whether the same platform/issue/idea already being launched earlier and in that case, if they are just doing it for crowdfunding then never invest in it. Always look out for the fact that "What problem that token is solving?"
That's it folks!!
Do let know if any other advice/suggestions you want to give, please do so by writing in the comments below so that we all get benefited while investing in an ICO.