What I've learned to look for when investing in ICOs

in #crypto6 years ago

Bitconnect and Davor is the reason why I decided to create this Post. I vow to myself never to participate in another lending platform again that offers a return interest on your capital everyday. 9/10 it isn't sustainable and you are relying on a third party to stay around for your initial capital to not disappear. Those experience won't stop me from investing in other ICOs that don't use trading bots as a means to generate revenue and how real use case scenarios. This is what I look for when reviewing ICO's now.

  1. Transparency - How much information are they willing to provide to the public? Weather it be the team, how the system operations work or even where the money is going.

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  1. Consistency - are they keeping up with what the propose to the community? Like updates, maintenance and events concerning the ICO.

  2. Practicality - Is there really a use case for what they attend to do with their ICO?

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  1. Community - How fast does the support team respond to questions and concerns? Do they have a Telegram,Twitter,Facebook,Instagram,LinkedIn,blog page, etc.?