15 Rules for Buying ICO'S

in #cryptocurrency7 years ago (edited)

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  1. Do you understand the project?
  2. Do they have a problem they are trying to solve?
  3. Is the problem worth solving? Can you generate revenue solving it?
  4. Are they trying to solve a problem no one else has solved? (Or are they just trying to put something on blockchain?)
  5. What blockchain are they on? Are they creating their own, if so, is it DONE?
  6. How will they generate revenue? (After the ICO)
  7. Ask them a reasonable question to see if their; website, support, telegram - If they will respond, what's the quality of response?
  8. How large and active is their community?
  9. Do they have a real & viable team & can you find them elsewhere on the web? (Advisors are important)
  10. Do they have a legitimate timeline? Is the platform already created?
  11. What is their fundraising goal, and how do they plan to use the money they raise?
  12. What is their circulation vs total supply?
  13. What is the price point of the coin when it's listed? (range of bonus structure/spread)
  14. Do they have a plan for what exchange they will list on?
  15. Do they have a scheduled date for the release of their coin?

Source : totally crypto https://www.facebook.com/groups/totallycrypto/

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Thanks for the guide - I think point 1 and 3 are the most important

absolutely, a must !

This is quite informative!