To look for projects that have the potential to succeed in the future or avoid scam projects, failed projects, etc. Let's understand the project that we will follow by analyzing several aspects below
1. Projects that have a concept / goal to complete mass in the real world.
Projects that have a concept like this will bring in many investors who want to take part in investing their capital because projects like this have a great opportunity by offering solutions to existing problems.
2. Read the White paper
Read complete and understand the Whitepaper about the project, identify the details of the project and where the project's objectives are going. When business plans with the objectives described by them are clear enough, what are the targets of the products they offer and where are their targets for marketing their products, etc.
3. Soft-stamp and hard-cap
Pay attention to the minimum and maximum target of their ICO sales, how logical / reasonable are the target funds they set to run and develop the project. Do you think it is suitable for a long-term project and doing some development for the product but only targeting low funds can already achieve the soft-stamp and run the project?!, And vice versa.
4. Team experience and good reviews.
Of course with an experienced team it will be easier for them to run their ICOs because they already have experience from project 2 that they handled beforehand so that they are more careful so they don't fall into the same group. How do you know if they are experts? Googling bro! Okay back to topic Grin Find out who is the mastermind behind this project and we find out whether they have a lot of good praise for projects that were handled before or just the opposite by googling.
5. Roadmap / roadmap
The project must have a plan that is neatly arranged and clear. It is at this roadmap that the project describes the activities and when the project development and the use of the allocation of funds collected.
6. Have a well-known big company / brand ambassador partner.
By cooperating with certain parties who are well-known and familiar in the ears of millions of people, it certainly reduces doubts to prospective customers and their investors so that they can glance at the project, and as a manifestation of the team's seriousness in carrying out its project.
7. Advisor / diligent promotion.
The team will certainly be diligent in promoting their products in any way, from social media, direct CEO explanations, and during country tours and are active in blockchain conferences.