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Tokens/Coins Offerings (ICO, IEO, etc.) / Re: ICO Questions
« on: June 24, 2018, 03:18:23 PM »What I would also consider looking at if actually investing, is look when their twitter was founded and also website... if it was formed less than 3 months ago for example I feel that this has to be a red flag... also consider looking what country the project is operating in.. there are very weird laws about how they can do things such as pay or approach exchanges... make sure the legality of crypto in their project so you don't get burned with surprises later... ones I for sure avoid are USA, China, and Germany.
I wouldn't agree with you to consider a 3 months old Twitter account a red flag for an ICO, because after all, Twitter is just one of many social media channels that an ICO project would utilize as means for marketing and interaction with potential investors. However, establishing the ICO's website should be one of the first steps along any project's roadmap, so I expect the website to have been created at least 10-12 months before the actual launch of an ICO. When it comes to evaluating an ICO's website, I would also look for the registration period of the domain, and its "WHOIS" registration information. For example, an ICO's domain that is registered only for a period of 3 years should definitely raise a red flag. Also, an ICO's domain whose "WHOIS" registration information is lacking is definitely suspicious.
When it comes to the country of origin of an ICO, there is a lot to consider. One should feel suspicious if an ICO originates from the US, without complying with the SEC's regulations. Also, I totally agree that China is not currently suitable to found any crypto-related project. However, every case should be evaluated individually, and any claims of compliance of countries' specific regulations should be thoroughly investigated, before chipping in and buying any ICO tokens.