follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit

Voting for banner placement

Bidding for banner placement

Author Topic: How to do a good ICO due diligence  (Read 1104 times)


  • Baby Steps
  • *
  • Activity: 21
  • points:
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 23, 2017, 02:21:49 PM
    • View Profile

  • Total Badges: 0
    Badges: (View All)
How to do a good ICO due diligence
« on: January 28, 2018, 01:21:41 AM »
Here's some questions you can ask top ICOs
Probably none of the smaller ICOs would pass this test

But it's still useful to help you with your decision

Questions to ask:
1. Where is your company registered? Could i have a copy of certificate of incorporation, list of directors and details of registered office address?
2. Can i have details of any intellectual property which the company has created, registered or applied to register?
3. What is the vesting schedule for Team and Advisors token?
4. Is vesting for Team and Advisors coded in the smart contract?
5. is your smart contract deployed for the ICO?
6. Was your smart contract audited by an independent cybersecurity company?
7. Could i have a link to your github repo?
8. Do you have a working product available to test?
9. Has the code for your product been published, and has is it been audited by an independent cybersecurity company?
10. Are you using a reputable 3rd party for KYC verification? How safe is it to upload my Identity Document on your site?
11. Can us investors participate in the sale? If yes did you secure Reg-D?

Additional questions to ask:
12. Where is my money going and what will it be used for?  Is my money going to be used to "cash out" others?
13. What specific rights come with my investment?
14. Are there financial statements?  If so, are they audited, and by whom?
15. How, when, and at what cost can I sell my investment?  For example, do I have a right to give the token or coin back to the company or to receive a refund?  Can I resell the coin or token, and if so, are there any limitations on my ability to resell?
16. If a digital wallet is involved, what happens if I lose the key?  Will I still have access to my investment?
17. Has the offering been structured to comply with the securities laws and, if not, what implications will that have for the stability of the enterprise and the value of my investment?
18. What legal protections may or may not be available in the event of fraud, a hack, malware, or a downturn in business prospects?  Who will be responsible for refunding my investment if something goes wrong?
19. If I do have legal rights, can I effectively enforce them and will there be adequate funds to compensate me if my rights are violated?

Altcoins Talks - Cryptocurrency Forum

How to do a good ICO due diligence
« on: January 28, 2018, 01:21:41 AM »


  • Legend
  • *
  • *
  • *
  • Activity: 1367
  • points:
  • Karma: 84
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: July 07, 2021, 02:13:10 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Third year Anniversary Second year Anniversary too active, 25 Posts in one day
Re: How to do a good ICO due diligence
« Reply #1 on: April 08, 2018, 11:50:41 PM »
This is a great summary. Very good that you quoted this. Everybody should remember to quote or add link to source to avoid plagiarism accusations.

Altcoins Talks - Cryptocurrency Forum

Re: How to do a good ICO due diligence
« Reply #1 on: April 08, 2018, 11:50:41 PM »


ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
Powered by SMFPacks Social Login Mod