Initial Coin Offerings can be a terrifying game. I wanted to share with you my progress of researching and deciding what ICOs to research invest in.
ICOdrops.com is a major first step in looking for ICOs to research and invest in.
When determining which ICO is a profitable choice an important factor to look at is whether or not they have a working prototype or product out to show that the ICO holds some sort of value and it’s not just an idea.
The second thing to look for is whether the product solves a major issue, such as with Simple Token, or WaBi. I personally like to invest in infrastructure and blockchain type ICOs rather than apps, such as social media or calendar apps, as they have a better longevity.
The third thing I like to look at is the team because it is good to see that the people putting the work in have the credentials to back up their knowledge of potentially massive investments, whether its an Ivy league education or employment at an all-star company. You want to ensure that your investment will be taken care of and grow to help you benefit in the future.
Fourth, it’s all about numbers. How much are they trying to raise, because at the end of the day it’s all about whether the risk balances the reward. A hard cap I always look for is anything under 40 million dollars.
-The next and final thing to look at is community. This honestly matters as much as everything else because a thriving community means a thriving potential liquidity. A telegram chat over 10,000 means they are building a growing community.
Hopefully this gives you a look into my process and helps you to further grow your knowledge.
See you all at the moon!
Here is the video on YouTube: