Initial few months of the recent year have been more successful for token offerings compared to all of the entire year before. Apart from some statistics exclaiming that most of the ICO will face the failure situation. Now, this becomes a critical situation for token investors supposed to recognize which project they can trust. As they are always worried whether they are putting money on the right place or a bunch of tokens only to crash and will be heard again about it? Here in this article let's discuss certain points that how to identify good ICO and bad ICO. Sharing views on how one can identify a good project.
Who is on the Team?
For every ICO project, one of the very important factors is the team of the project including co-founders, technology people, and thinkers behind the idea. As good ICO community is handled by the professional having good hands-on experience in social media, thus it is important to develop LinkedIn and other social profiles. There should be some endorsement on the bottom of the page if the team member is involved for at least a year with any business activity. It should be very serious and one of the important thing to consider that members handling an ICO's have good experience and knowledge in community handling and community management. Experience of team members will list them on ICO page. And last but not least, what is their experience in the technology they are trying to create or expand. Profile of Linked members should be active, a profile which is not active should be marked the red flag. Check if team members specializations cover the most important areas of business needs. Check the capabilities of business members whether they specialize in covering all the business needs. Whether they are blockchain experts and have enough experience in doing and managing the business.
A successful ICO project is Clean :
Always take care of grammar, design, and structure. If you can read the whitepapers go to the website hangout on the Telegram go to the social media channels, and read the press releases. The best team takes a lot of effort to scrutinize (and pay people to scrutinize) their projects with a fine-toothed comb.
White Paper :
Always be sure that your company is having a white paper. Nowadays White Papers are coming in different styles and structures. It should be impressive and represent projects clearly. However, to the bad some are missing market analysis and financial projections, others are missing the technical description of the technology they are working on.
The existence of the community and support provided by the team members:
Any successful project has a community interested in the direction of the team. Review a project's channels and always check the level of communication and how active they are. How old are their social network accounts and how many followers do they have? Check if the Twitter follower is retweeting posts, commenting, and liking them.
Status of an existing business :
Check the list of products already developed which can be considered as assets. Kind of assets and financial position owned by a business. Their services and reliability factors. The bigger businesses will notice successful startups and aim their resources towards stealing its market. Therefore it is always important to have a customer base that can be used properly.
The flow of income of founders: Always check the core income of group members and the team. Having a steady source of income doesn’t mean having a profession including services or job. It could be having investments that are producing income for living a certain kind of lifestyle.
Escrow Payment: It is always a good sign if the team id having escrow service payment process based on milestones. There are legal services which for a fee will offer a controlled release of funds to the team based on the milestones. Under the escrow payment system, there is legal payment of services which will control the release and payment of services. Escrow companies are very strict towards following the escrow rule in case deliverables are not reported escrow companies have the mechanism of refunding. It is always a good sign that team members are having escrow services payment process based on milestones.
Above are the certain points always require to check whether the ICO you are working is actually good or bad.
Who is on the Team?
For every ICO project, one of the very important factors is the team of the project including co-founders, technology people, and thinkers behind the idea. As good ICO community is handled by the professional having good hands-on experience in social media, thus it is important to develop LinkedIn and other social profiles. There should be some endorsement on the bottom of the page if the team member is involved for at least a year with any business activity. It should be very serious and one of the important thing to consider that members handling an ICO's have good experience and knowledge in community handling and community management. Experience of team members will list them on ICO page. And last but not least, what is their experience in the technology they are trying to create or expand. Profile of Linked members should be active, a profile which is not active should be marked the red flag. Check if team members specializations cover the most important areas of business needs. Check the capabilities of business members whether they specialize in covering all the business needs. Whether they are blockchain experts and have enough experience in doing and managing the business.
A successful ICO project is Clean :
Always take care of grammar, design, and structure. If you can read the whitepapers go to the website hangout on the Telegram go to the social media channels, and read the press releases. The best team takes a lot of effort to scrutinize (and pay people to scrutinize) their projects with a fine-toothed comb.
White Paper :
Always be sure that your company is having a white paper. Nowadays White Papers are coming in different styles and structures. It should be impressive and represent projects clearly. However, to the bad some are missing market analysis and financial projections, others are missing the technical description of the technology they are working on.
The existence of the community and support provided by the team members:
Any successful project has a community interested in the direction of the team. Review a project's channels and always check the level of communication and how active they are. How old are their social network accounts and how many followers do they have? Check if the Twitter follower is retweeting posts, commenting, and liking them.
Status of an existing business :
Check the list of products already developed which can be considered as assets. Kind of assets and financial position owned by a business. Their services and reliability factors. The bigger businesses will notice successful startups and aim their resources towards stealing its market. Therefore it is always important to have a customer base that can be used properly.
The flow of income of founders: Always check the core income of group members and the team. Having a steady source of income doesn’t mean having a profession including services or job. It could be having investments that are producing income for living a certain kind of lifestyle.
Escrow Payment: It is always a good sign if the team id having escrow service payment process based on milestones. There are legal services which for a fee will offer a controlled release of funds to the team based on the milestones. Under the escrow payment system, there is legal payment of services which will control the release and payment of services. Escrow companies are very strict towards following the escrow rule in case deliverables are not reported escrow companies have the mechanism of refunding. It is always a good sign that team members are having escrow services payment process based on milestones.
Above are the certain points always require to check whether the ICO you are working is actually good or bad.
