Any startup can launch an ICO, thus the market is constantly refilled with new offers. Besides, ICO projects can be similar, which raises the question: how to choose a real one?
You should focus on several aspects determining the startup success:
The team. Information about participants should be easily available: biography on LinkedIn, active profile on Facebook, photos and completed forms. Moreover, the amount of team members is also quite significant. If the project involves several people or even divisions, it has more odds of success.
ICO information. It should be clear, intelligible and available. Tokensale information includes dates of presale start and finish, sales rules, token price as well as a list of offered currencies.
Product presentation. In other words, the project white paper. It should contain project description, company goals, implementation and payoff period, information about the team and actual use of tokens.
MVP availability. MVP (Minimal Viable Product) is a prototype or a beta version of the product required for discussion, correction and improvement. MVP is not popular in the cryptocurrency sector but its availability is a positive sign.
These are the key criteria of ICOs taken into account by investors and specialists looking for new startups with initial token offering. Compliance with the above-mentioned parameters will enhance team’s chances to draw attention and funds for the product and will guarantee investors that the project is worth a support.