Initial Coin Offering
For the past few months now I have observed that the new coins we come across these days have all deviated from solving societal problems but they are rather focused on becoming a lending platform. In which we have so many of them now out there.
I could recall, that when I am trying to invest into a coin I take a critical look at the coin:
- The usefulness i.e the problem that the coin is solving in blochchain ecosystem.
- The teams behind the coin, it is very important to know the teams of the developers that are working on the project.
- The total supply of the coin: personally I prefer coins with low supply, I would not like to buy coins with billions supply like Xrp and electroneum.
Lending coins are now becoming ponzi scheme because they don't have any product they are selling to the community e.g regalcoin, hextracoin, and many more
If you are looking for safety net in ICOs you may just standby and watch others taking the risk. There is no 100% safety in ICOs as they are high risk ventures. It's high time you understand that all ICOs are potential scam until proven otherwise when it start paying.
Conclusively it is better to do a deep research before you put in your money at any ICO
Agree with this. I observe it also. Many coin ico released as of time today. So many risk also to have so research is the key.
You can say that again