Giil, How do you choose ICO that you'll be Investing?
Giil, How do you choose ICO's you're getting in?
Greetings again, and welcome again avid reader.
Disclaimer: There's no single techniques and criteria, as each investors has it's own strategy. In this post I will be sharing my personal strategy on how I evaluate if a certain ICO is ROI-able when I started.
By now we already know what's an ICO is, but for the sake of our new reader I will explain it briefly again. For old timers, you can scroll down already. So ICO investing is basically called Initial Coin Offering. It was first introduced backed in 2015, I believe, but wasn't formalized as ICO. Basically it is fundraising. It started when a certain guy in bitcoin talk forum wanted to build the first ASICS miner. He then successfully raised $1mln for the project. months after he delivered his asics miner and all investors who went in got really big ROIs. And there is where blockchain projects fundraising started.
Here's my criteria:
IDEA
I prefer choosing platform, protocol, infrastructure projects. Read their whitepaper to further understand what they are trying to do.
TEAM
Team must be knowledgeable and has experience creating a company. (Blockchain is a plus), Work experience with big companies, duration, affiliation
PROTOTYPE
Only get in projects with MVP, ALPHA, BETA, Main net
ROADMAP
Detailed yearly info must be in their yearly roadmap
COMMUNITY
Telegram, facebook, instagram, slack, medium subscribers must be high
ADVISORS
Noteable advisors with good backgrounds that can specifically help their company is a must
PARTNERS
VC's connections, Tim Draper, Fenbunshi, and blockchain company partnerships
TOKEN METRICS
Sweet spot is $20mln to be profitable
and HYPE
Must be supported by blockchain bloggers and youtubers.
I agree. Just with anything in life, always do your homework..
Yes, tho a lot of times hindi nila ginagawa ito and they blindly follow others.