How to choose ICO to invest, is it legit ?
Many people has been asking me How to choose the ICO to invest or is it legit?
We would like to point out some simple guidelines while putting your money into it:
- Token sales should not be in the form of cash and cheques.
- if tech developer is unknown, do not invest
- if tech developer is known for scamming, do not invest
- if ICO says premine, do not invest
- if ICO says weird things, do not invest
- if ICO looks bad, do not invest
- if ICO has shiny graphics but nothing else, do not invest
- if ICO has very bad english, do not invest
- if ICO seems too good to be true, do not invest
- if ICO seems too bad to be true, do not invest
Others to look out for
- Unrealistic goals
- Whitepaper is full of buzzwords with no clear meaning, no actual tech is discussed and only high-level descriptions are given
- Legitimate Developer Team
- Escrow - ICOs will usually have an escrow to hold user’s funds during the ICO and after.
5.. Fake or No pictures
Please do your due diligence before investing.
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