3 Questions to ask yourself before investing in an ICO learn more.

There seems to be a frenzy over ICOs across Blockchain's industry. Everywhere you look, a new product is created with the launch of the corresponding ICO.

Although there are genuine products and ICOs judiciously executed, there are reports of non-sincere configurations, not sincere configurations that are only successful in preying on the riches of the masses.

Industrial development stage

While noting this as an unfortunate development, Helium co-founder Jason Cassidy identifies ICO's scenario to be common with other developing industries.

According to Cassidy, whenever a new industry reaches a certain level of market penetration, the floodgates open and a host of actors enter space. While many of these individuals have good products or services supported by good intentions, human nature dictates that we will see a mix of participants.

Cassidy notes that bad actors take advantage of the illiteracy of their victims to exploit them and steal their resources.

Cassidy says:

"Not all of these people act in good faith, and whenever there is a collection of uneducated investors, you can be sure that charlatans will be on the prowl."

To be safe from bad actors, Cassidy advises new ICO investors to keep three things in mind when contemplating investments:

1. What is technology / platform / currency addressing?

There must be a clear "need" that is being fulfilled, a market for solution and ideally the long-term vision to get there. Read the whitepaper, see the script and search the industry, currency and Blockchain they are addressing.

1. Who makes up the team?

At the end of the day, the project will go well as the team behind is giving leadership. Check team background, look for transparency, previous work experience, and signs of emotional maturity. If there is lack of business experience on the core team, how they deal with adversity or a great increase in wealth (emotional maturity is needed here).

1. Listen to your gut

At the end of the day, you can search for hours and hours of research. Smart investors will learn to trust their instincts. If it looks like a risky investment, it probably is. Now it's Wild West 2.0, and one of the emotions, like fear and greed, examine the team and technologies and you must position yourself for success.