What I've learned to look for when investing in ICOs

in #crypto7 years ago

Bitconnect and Davor is the reason why I decided to create this Post. I vow to myself never to participate in another lending platform again that offers a return interest on your capital everyday. 9/10 it isn't sustainable and you are relying on a third party to stay around for your initial capital to not disappear. Those experience won't stop me from investing in other ICOs that don't use trading bots as a means to generate revenue and how real use case scenarios. This is what I look for when reviewing ICO's now.

  1. Transparency - How much information are they willing to provide to the public? Weather it be the team, how the system operations work or even where the money is going.

Screen Shot 02-15-18 at 08.53 AM.PNG

  1. Consistency - are they keeping up with what the propose to the community? Like updates, maintenance and events concerning the ICO.

  2. Practicality - Is there really a use case for what they attend to do with their ICO?

Screen Shot 02-15-18 at 09.07 AM.PNG

  1. Community - How fast does the support team respond to questions and concerns? Do they have a Telegram,Twitter,Facebook,Instagram,LinkedIn,blog page, etc.?

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