Basic Things To Look Out For In An ICO

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Each day, many startups launch their ICOs, but very few of them are legit, therefore creating trust issues among the masses.
As an investors you need to look out for some basic things in an ICO projects before you risk your hard earn money:

1.Check the ICO Website & Whitepaper
The ICO website and the whitepaper of the project, give away all the information about the startup, so never be too lazy to check it. Good startups, try to be as transparent as possible on their ICO website.
2.People behind the project: These people consist of the team members and advisors. Legit projects have a legitimate team of passionate individuals. Don’t be fooled by these good-looking individuals, as the images shown on ICO website may not be the actual team. To make sure they are legit, check their LinkedIn profiles and try to engage them in discussion regarding the project and its ICO.

3. Social Media Engagements
The way any startup presents itself on social media platforms can make or break their overall image. The type of posts they do or the way they handle negative criticism says a lot about how professional their team is. Scam startups will try to cover every negative comment.

So be wise and invest diligently.