Altcoins Talks - Cryptocurrency Forum
Marketplace => Gambling & Crypto Casinos => Topic started by: felixesteban on May 04, 2018, 06:20:10 PM
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There are lots of projects coming to the market almost every day, and it is very difficult to follow and examine for the normal user. Before investing, you should definitely ask yourself why I'm investing in this project, not others. What kind of changes will occur in the real world. What are the targets and objectives.Think about how realistic and feasable their goals are. Another important issue what is the coin distribution to its own team, and you have a reason to suspect that if they divide fifty percent and over, a good project should allocate most of the distribution for roadmap, because it will need resources in the future.
Who works in the project? When we go to the website and look at it, make sure that all responsible people are connected to a Linkedin link along with their first name, last name and photos. It is helpful to identify these people as real persons and it may be a good sign that the company is not afraid of being contacted. In some scam projects can be used pictures of someone else If a Avatar is being used instead of a photo, stay away from that project. Most likely the names they wrote are not real people.
Remember, there are now thousands of ICO projects, and most of them are trying to steal our money. Always have reason to suspect. You have accumulated money for months and years by adding your night to the day, and unfortunately someone covets it. Learn to protect yourself. If the project promises to make a huge profit in the short term, it would indicate that it is not a serious company. I am talking about 'the to the moon' concept. . If something seems like a scam, it probably is. Trust your senses. Finally, let's end up with the general rules everyone must know. Invest only what you can afford to loose this is the place where you can reset your money overnight, remember that. The second important rule always do your own research. Don't settle for what others say, remember it's your money and if you lose, you're gonna be the one to worry about.
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To choose a good ICO, check their whitepaper if it is well-written, fluent and can be understood by those who don't have PhDs.
Also, check if the team has technical experience relevant to cryptocurrency, blockchain, decentralization.
One example of a good ICO is VLUX. It is an integrated P2P energy trading solution, which combines cutting-edge artificial intelligence technology with blockchain.
Learn more about VLUX on their website https://vlux.io/
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Choosing the right ICO has golden benefits because efforts are not wasted and people are rewarded according to their work.But now one of the biggest ICO problems is scam ICOs.They are everywhere that sometimes you are not even sure when you see a legit project.Some background checks should always be done before allowing projects on the forum to run.
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congrats on this topic... advise is never too much when dealing with ICOs and i really like the way you've written the OP.
Unfortunately most of the ICOs are scams or have a really unprepared or unprofessional team and will never leave the concept phase...
I have done my share of participations and checked a lot of ICO's lately ...
I think that most people also help to create the environment on which these scammers and weak teams thrive, people arrive to the crypto world with a "get rich quick" idea and they are the ones that support these pump&dump schemes and go crazy on investments on stuff that has no possibility to be done...
People need to realize that blockchain can change the world, and that projects are more than just a coin... the coin is created to support the project in several prespectives (computing power, values, financing, etc) and it is NOT the most important thing... people need to open their mind and see that if they support a real project and help it to succeed, they'll receive a much higher reward...
It always comes down to money... we all need it to be able to live on our society, but it can't be our only purpose, otherwise we'll be simple bots...
If our minds change, scammers will have no where to go...
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You just need to detect a quality product or platform if you choose a utility coin. My example is LiveEdu and their coin LEDU. Their education platform will be the future, trust me.
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THere are few factors that should be considered choosing "the right ico"
Asses the risk how likely or un is for the founders to disappear with the money
ask yourself would you personally use the service that is going to be offered after the product or service is launched
look for strong pros and cons that will settle the dispute
so diversify your portfolio you may have few percents of this and few of that for example the deciding factor as it was in my case when getting involved with MyShield that they have an existing company that is looking to expand and grow through ICO fund raising and ritualistically demand for cybersecurity services will grow only
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To choose a good ICO, I look at the team behind the project. Personally I think VLUX is one of the best ICOs right now. They will be having their main sale next month. Check out their website for more details https://vlux.io/
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Its sad but the window you get to be successful on an ICO right now is about 2 weeks.. all the new moon kids from December are now getting into the ICO space and they demand to be off of IDEX and on a better exchange in about 2 weeks or less, or they will dump. Its a real tragedy, but its the reality of the market.. plus if you get released on Binance now EVERYONE will dump right away.. I really think for the most part 100X returns on ICOs is coming to an end.. the last two I really remember were Tron and Dragonchain.
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The first thing I look at is their social networks: telegram twitter, facebook and I read some posts and response from community.
Then I take a quick look at:
- whitepaper
- team
- roadmap
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Yes, briefly, we must look for the ICO by considering the team, concept, wallet transaction, ideas, and also trust.
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Another thing I watch carefully is the goal of the project. I ask myself: "do this project really has something useful/special"? "do this purpose really needs usage of blockchain"?
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I also like to review from different people before choosing right ICO. I may me right or wrong too.
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For me, ICO is not good if:
-If the people behind an ICO don’t put their reputation on the line, they are more likely to feel safe while pulling a scam.
-If all keys to the contributors’ donations are concentrated in the hands of the owners of a project, nothing is stopping them from running away with the money.
-Unrealistic/unclear goals. When a project doesn’t have a clear-cut, realistic roadmap, it means that the people behind it don’t know what they’re doing, at best. At worst, they don’t really care because they aren’t actually going to do anything.
-Lack of transparency. Today, showing work-in-progress stages of your project to the audience is considered an industry standard in crypto. If the developers don’t release code snippets, demo/beta versions of their product, behind the scenes videos or other kinds of reports on their progress, it is possible that they don’t have anything to show at all.
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very true information about How to choose the right ICO and very helpful for all. and also must be careful in taking projects from the ICO. if my advice is possible if you want to participate in an ICO you can consult the ICO to experienced people
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Yeah, in my opinion, the answer is make your own research. Analyze the project Legality, check the team member's track record, how good their product (if they have a product), roadmap (Is it reasonable), and many others. You can use your experience also to determine the right ICO.
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in my opinion to choose good ico is very simple but must be careful too.
1. Plan the project. I think the team's plan can be adopted by many people.
2. The project team. see the background of the team member. You can see on the social media team members.
3. The project plan / roadmap is always listed on the website.
4. Plan / already have MVP products. usually the team tends to always promote the product through social media.
That is all and thank you. may be useful.
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I'm sure that choosing the right project is not easy. You must learn a lot of information about different projects, market trends, a detailed project selected. However it's not all. Luck plays a significant role, I believe.
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The right ICO has a good white paper as well as a good team with real followers. Their website is not new and has a good brain behind a project.
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It's hard to see which ICO is good now. Because there are so many ICOs that seem legitimate but it turns out to be a scam. But we can see whether the ICO is good or not is from whitepaper, team and other information.
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I will like you guys to check this project our. I did my research to taste. You can read the clear whitepaper
ANN: https://www.altcoinstalks.com/index.php?topic=49258 (https://www.altcoinstalks.com/index.php?topic=49258)
https://bitcointalk.org/index.php?topic=4995356 (https://bitcointalk.org/index.php?topic=4995356)
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I chose the project to always see the support of the project team. Why? the support of an experienced team is well prepared with the situation and conditions of the project's development. Then the project concept and the product that the project team will develop
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- Compatible team behind the project
- Good whitepaper with detail roadmap
- Advisory board with some expereienced members
- Backed by some registered company and which are in business for years.
- Very low softcap and hardcap so that investors have to buy tokens after listing rather than during ICO.
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As can be seen from the voting, the main criterion for a successful ICO project is the team. The team should be not only qualified, but also sociable. To make ICO successful, the project team must keep accounts on social networks on a regular basis and quickly notify the readers about the changes. The good projects have pages "live": not only can you find a lot of interesting information on them, they are also interesting to read.
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While selecting an Initial Coin Offering (ICO), there are a few factors to take into account. Prior to anything else, you should confirm the legitimacy of the ICO through investigation. Make sure you're investing in a trustworthy enterprise because there are a lot of scammers out there. The team behind the ICO should then be examined to ensure they have a solid track record. Lastly, you should review the project's white paper to ensure that you comprehend the goals of the endeavor. After reading this, you ought to be more equipped to choose an initial coin offering (ICO) to invest in.
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- There are no sensible ICOs in this era; I don't even see bowties that have icos anymore. The era of icos has passed. But even though I didn't catch it, I still can't say, of course, that it's just my opinion.
However, I found out that during 2017, there was a lot of profit from ICO campaigns on the other Bitcointalk platform, and many people testified that others here are also here on this platform as well. Just don't be careless, and always do your due diligence before joining or participating in such.
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As far as I know, ICO has now been replaced by IDO or Initial DEX Offering with the same features and can be traded directly on the DEX, for example PinkSale etc.
Then there is another ICO which is replaced with an IEO or Initial Exchange Offering, I often pay attention to the launches on Binance and in my opinion the IEO on Binance is quite good.
I don't understand how ICO has now changed its name to what else, but what is certain is that the core team creates tokens and does not have funds, of course all the core teams use the ICO method. Cmiiw