Good ICO's vs. bad ICO's

There is a lot of controversy surrounding cryptocurrencies these days, especially ICO’s, (Initial Coin Offerings). The entire market is trading sideways for months now vs. last year at this time when it skyrocketed. I think the market has graduated from pure speculation to a more recognized, solid approach. This is why it’s even more important to analyse the cryptos that you are thinking about being involved in.

There is a whole list of dead/scam coins where investors lost their money, never to be returned so let’s see if we can make sure that doesn’t happen to us. Ask yourself some questions before just throwing your money into the wind on a hope.

Is there a solid/successful team?

Is there competition in the space, and if so, what separates this coin from them?

Is the whitepaper complete and explains everything a normal business plan would include to your satisfaction?

Do they have a roadmap and have they hit those targets thus far?

How much money are they raising and what are they doing with it?

The crypto market is no longer a gamble, it’s here to stay. We need to treat it that was, just like any other investments we do on a regular basis.

There are many things to look at when analysing a new crypto, since COVesting is an ERC20 token and an upcoming trading platform, I’ll use it as an example since it ticks all the boxes.

If you compare trading platforms, here are some key factors to consider;

Easy to use:

Charting and indicators readily available:

Speedy transactions:

Security:

Minimal arbitrage:

Low fees:

We are in a major transition period with a whole new industry that aims to revolutionize the world, and is on track to do so. Invest wisely as one of the “first” and we will likely be in for an amazing future.

Here is a reminder of dead coins, scam coins, hacked coins, where people lost everything. https://deadcoins.com/