Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Tokens/Coins Offerings (ICO, IEO, etc.) => Topic started by: Trio86 on September 18, 2018, 06:46:41 AM
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ICO scams have become increasingly common, it takes considerable work to sieve through the huge numbers and get to the good ones. Here are some indicators that could be a template in making your own choice, The list is not exhaustive , please feel free to add yours and help us build a better forum.
1. Project Concept or Idea- what stands out with the project? is it another 'payment' coin with no additional innovation or something mind-blowing
2. Team -A great project will not succeed without a great team, proven expertise and integrity, you may need to use "reverse google image" to ascertain if they are real
3. Board of Advisers - Great projects usually do not fall from the skies, there is usually some build-up to it,and involves respectable personalities giving some guidance to the project
4. White Paper - If the white paper is bad or plagiarized, there is really nothing to work on.
5. Feasible plan- Is it a plan that can be implemented, not just on paper
6. Website- should not be crappy ,great projects have nice and easy-to-use website loaded with information about projects, no malicious links
7. Marketing and Promotions - Project must have a good reach and publicity, usually reflected in social media activities
8. Legal Compliance - There should be enough legal back for he project, no restrictions or government regulations against it
9. Code Security - Ideally should be public and safe ,without bugs
10. Token Issuance and distribution - Fair distribution to teams members, advisers, community, reserve etc.
A good project will score high in all these fronts.
Please add your own views