Initial Coin Offering (ICO) is one of the most popular and fastest ways for blockchain-based projects to raise funds, and it may be an excellent opportunity for potential investors to find a prospective project and to invest in the next cryptocurrency at early token sale stages, as these are usually followed by good deals and bonuses. There is still one important question that may stay on your way to a profitable investment – How to know if an ICO is worth investing? How to verify and ICO? We will move to 20 signs of a good ICO we prepared for you, but let’s mention ICO listing websites and trackers first.
A good ICO listing website or an ICO tracker is usually a service that makes some homework for you. It finds promising projects for investment and monitors each project to provide up-to-date information, such as presale and public sale start / end dates, it keeps an eye on token metrics, any important project changes and updates its database to provide the end-user with quality data, and to save her / his time. Finally, a good ICO listing website has to prescreen and review projects to filter out possible scam. All this data and ICO ratings may help you, as an investor, to get an overview on a project, but a manual analysis before the actual investment is still required.
So, what are the signs of a good ICO, and how to make a manual check? Here we go!
- A good idea behind the product. Does it differ in some way from existing products on the market? Is there still space for such products?
- The product has good logo and website. Does the product have good overall presentation? This includes logo and website, as well as any media present on the project’s website (images, videos), texts. It may be minimalistic, but it has to look good and definitely should not contain severe visual bugs. Does it look appealing to you? Good presentation means it has chances to attract more investors and customers. Well, it may look crapy only if the idea is as good as a time machine, and both Albert Einstein and Richard Brandson are in the team.
- Whitepaper is present and it’s clean, good-structured and easy to understand.
- The product solves a real problem that exists or will exist in the future.
- Product is scalable.
- Minimum Viable Product (MVP) is already online or will be launched soon.
- Objectives are clear, milestones have been set and you can see a logical and consistent development timeline.
- The team has conducted market analysis, understands its capacity and threats, and has a clear vision of how it will overcome obstacles and win its market share.
- Discount during private sale, presale or crowdsale not more than 30%
- Max cap for investors set to avoid accumulation of a big share of tokens in one hands.
- Experienced developers in the team, able to build the described product.
- Team members are disclosed and are listed on website including their social media profiles.
- Team has verified previous experience building and launching successful products.
- Active presence in social networks.
- The project is promoted in the media, present on listing websites, has good overall rating. People know about its existence.
- Friendly, informative, helpful, responsive and active community management. Go to the project’s telegram channel and observe what is happening, how do admins reply, are their responses helpful?
- All contracts published on Github.
- A real registered company and no severe legal issues or restrictions in the country of registration that may influence funding.
- Advisors really contribute to the project with their knowledge and know-how, and mention it in social media, blogs, during conferences, etc.
- The token is traded or will be traded on exchanges. A list of exchanges is present.
- Considering everything above, would you invest in that product?
Of course there are more than 20 signs of a good ICO. We at ICO Finch use more than 60 criteria to analyse a project, and rate it accordingly. The list above may help you to conduct your own manual check of the promising ICOs you have shortlisted. To find new ICOs, visit our upcoming ICO list, bookmark, analyse and track the projects of your choice in the user dashboard.
Thank you for reading!
