7 MAJOR FACTORS TO PAY ATTENTION IN ICO PROJECT

Image source

Investing in ICO project:
top-7 factors to pay attention

For any transaction use only wallets indicated on the official web-site of the project. Most of ICOs are built on Ethereum’s blockchain, so Myetherwallet is the most popular option. Don’t use exchange wallets for this purpose! Always be careful while writing the address of smart-contract.

> Carefully explore all the info about developers team and advisors. Reliable developers never conceal data about themselves! They must have open profiles in LinkedIn, Facebook, Twitter etc. Try to figure out, which projects have been already developed by the team and how successful they were.

> Explore the Whitepaper and try to figure out, which problem will be solved by the project. Many start-ups take the form of ICO just because it’s trendy. Most of them are doomed to failure.

Pay attention to the duration of the ICO campaign. Promising project don’t need too much time for fundraising. When the crowdfunding lasts for months, it’s an indicator of the low interest of investors as well as the lack of project’s potential. The red flag.

Take a look at the Github account – that’s the face of a project. The lack of activity means that team isn’t too deep into the work.

Figure out, which bonus was offered to large investors during pre-sale. Larger is bonus – higher the possibility that the token’s rate will drop.

Bear in mind, that large bonuses for referrals during Bounty program and airdrops are usually followed by the fast decline of the rate.

Thanks for reading it.