In the world of Crypto, ICO's are becoming as common as dust. So how do you know what to back? I'll be sharing a few criteria in my assessment of the FolleX SET ICO that you may find matches your own investment and Crypto inclinations.

Resilient and reliable Crypto exchanges will need to be regulated

Well not all of them, obviously. The ones that are regulated will be the ones that grow further faster. More and more we see news about nervous law makers creating reactionary laws affecting exchanges. If Crypto is ever going to be mainstream your Joe and Jane Public wants to know the website they are dealing on can be held to account if something happens. Jane and Joe Public also want to know regulators are checking they are playing by some rules. Some hard core Crypto users may feel impinged by this, but they're not the ones that are going to bring more capital into this market and help Crypto go mainstream.

More and more exchanges have recognized this and are slowly making changes to stay ahead of the game. More use Know Your Customer (KYC) at a basic level to keep the regulator wolves at bay and that in my view, is a good thing. Some are doing more than others.

Prove it!

The ones that prove themselves as being trusted business places will attract the lion share of liquidity that will come from the Jane and Joe Public investors that are needed to grow this market. These will be the ones that can actually prove they are complying to regulator needs and that deep level of compliance makes investors feel more comfortable. Crypto has had some bad wraps for this very issue. In and around the office water cooler, that is what concerns "normal" people when it comes to investing in the "wild west" of Crypto. Joe and Jane public will gravitate to trusted exchanges that show and prove they're meeting compliance. FolleX is very well advanced in aspects of compliance making it a pillar of this ICO.

A steady jurisdiction and the Rule of Law

FolleX is going to be unique in this regard. It will be meeting one of the most difficult and strictest sets of regulatory requirements in Australia - and will be Australia based. Basing the business in this country is a smart move. It is regarded as having very low levels of "sovereign risk" around the globe, is principled by the Rule of Law, has low levels of corruption and some would say, very heavy regulatory requirements which will work in the ICO's long term favour.

That will open FolleX to a whole range of customers wanting to trade. FolleX traders won't be nervous about their exchange being shutdown overnight like many traders seem to be on the other exchanges. Particularly on the exchanges that have platforms in locales surrounded by jittery law makers or an uncertainty in regulatory jurisdiction. Big Tick.

Fiat Fiat Fiat!

Those words are close to blasphemy in the Crypto world. Unfortunately, the reality is we need fiat to start in Crypto and we consume goods and services in a fiat based economy on this planet. Well, right now at least. The point - Jane and Joe Public are usually paid for their work and will also buy their groceries and generally consume in fiat - not Crypto. Yet.

Moving between Crypto and Fiat and vice versa, can be all the more challenging depending on where you live too. If you have been trading for a while, this is the is where it becomes lumpy to operate to say the least. It is frequently the most difficult and usually the most expensive part of trading. It will come under more scrutiny by law makers too (see above for that box being ticked). FolleX is thinking global and going to spoil you for you choice in this area by kicking off with a long list of fiats they will deal with: AED, ARS, AUD, BGN, BRL, CAD, CHF, CNY, COP, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, INR, JPY, LTL, LVL, MUR, MXN, NOK, NZD, PEN, PLN, RON, RUB, SEK, SGD, THB, TRY, USD, ZAR. I know, right? Big Tick.

You can talk to a real life person! 24/7!

So if you have traded for a while you will know that support on exchanges is one of the biggest issues. Not many will operate on the weekend. Most do not run a 24/7 support desk. In a global business, language is an issue too. Yep, I have sometimes had to call on google translate to understand the emails I get in Korean or Chinese. Strangely though none of the above has been catered to consistently, even though Crypto traders have been trading 24/7 across the globe for years now.

Also, have you ever seen an international phone number advertised to call an exchange on? Good luck ever trying to phone a real person at a support desk 24/7 at your Crypto exchange with an issue. I'd think the larger exchanges would've seen to that need, but alas until now that hasn't been the norm. Pleasingly, FolleX will be doing all the above: a phone number, 24/7 and with multi-language support. Big Tick.

You can learn from other's mistakes = saving you $$$(or Satoshi)

FolleX is going to be a social trading platform. You can follow other traders, educate yourself and mimic their trades if you like them. If you manage to become a trading legend or think yourself one already, you're in luck. Top traders can even make some coin that way too.

Social trading platforms are not a new concept but it is relatively new to Crypto exchanges. I've seen it work very well on share trading platforms I have had experience in. FolleX named their token, the Social Exchange Token (SET) on this concept - it is core to this exchange's benefits. As vintage as I am, I for one admit I am still learning and looking forward to learning from other traders on a community trading platform. Anything that saves me losses is a good thing. Big Tick.

Liquidity..we need liquidity

Exchanges live and die by liquidity. Traders search for it because it reduces slippage, meaning it helps you to buy or sell at your desired price by lowering volatility. I see this being more and more of an issue with the number of exchanges we see starting up and the fragmentation that creates. FolleX will make use of the liquidity that is shared across major exchanges. In another important step, they are connecting to the current Crypto exchange being commissioned by Australian Digital Currency Network giving a full order book from day one making use of the large exchanges around the globe e.g. kraken. Big Tick.

It's ready when? Q3 2018? No, this is not a misprint

These guys have been busy. They have done quite a number of the hard yards already and plan to drop the platform on us in a few months time. That is unusual and an outstanding effort to have delayed the ICO closer to go-live. Refreshing. Big Tick.

Worth my investment?

So, do you hand over your hard earned? You must do you own research as ICO's are not for everyone. I have added links below to help. Read the whitepaper, check out the team, the roadmap and other helpful information to further inform yourself of the project.

Myself? I'll be jumping in this one when the ICO starts 23 March 2018. That's not just because I see those ticks in my boxes covering regulation, location, trader support, fiat access, education, exchange liquidity and platform readiness. It's also because in a crowded exchange ICO market, this one looks to set itself apart by being well thought through and more advanced in these areas then most. I wish them luck and look forward to watching the FolleX story evolve.

I hope this was valuable to you in some way.

Stay safe

Scant-Regard
Twitter https://twitter.com/ScantRegardx

PRE SALE: Offer Dates: March 23th, 2018, 12pm UTC - March 25th, 2018, 12pm UTC

FolleX Website https://www.follex.io

FolleX ICO Telegram Group Link https://t.me/joinchat/GrGyQRDyQuATTP7fge94OQ

FolleX Twitter https://twitter.com/FollexICO

The small print: I have no affiliation nor am I employed by FolleX. Be smart - do your own research.