ICOs are becoming more and more popular. Increasingly, more and more companies are opting for releasing their ICO. However, people are still not sure whether they should invest in ICOs or not. We will today look into some of the dos and don’ts of ICO.
1. Concept of the ICO:
You have to always analyze the concept of the ICO. You have to go through the white paper of the ICO. When you do that, it will become easier for you to understand whether the ICO actually holds merit or not.
2. Proper transparency:
You need to ensure that the information which is provided by the ICO is actually proper. Only when proper information is provided, you will be able to understand whether it is worth investing or not. You have to keep this factor in mind and thereafter only think about investing in the ICO.
3. Experience of the team:
you need to always check the experience of the team. Once you are able to check the experience of the team, you will realize whether it is worth the banking on or not. If the team is entirely new, you should stay away from this ICO.
1. Do not invest in the ICO without researching:
You need to always keep in mind that you have to think about researching the ICO. You have to go through the white paper. You have to analyze the opinions of various experts. Only once you are able to do that, you can decide whether the ICO is worth investing or not.
2. Don’t believe the hype:
Many of the companies create a significant amount of hype when launching the ICO. You should not just believe that hype. You have to always look into the fundamental value of the ICO.
3. Do not trust a shady character:
If the development team or the founder of the ICO is not reputed and does not have credibility, you have to keep away from that ICO.
Thus, if you’re with willing to invest in an ICO, it is important for you to look into these few points. Only once you are able to do that, it will become easier for you to invest in the ICO.