Ever since the world has been introduced to Initial Coin Offerings, thousands of people have made made investments in startups and a great deal of money out of it too. The world of finance has been going through big changes recently. One of the biggest changes in the past couple of years has been the introduction of ICOs. It’s no surprise that one of the most popular questions in the crypto space this past year has been ‘what is an ICO?’.
An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether.
but everything has two sides and so do ICOs. Today we will tell you more about the life-long question, ‘How will we know you are not a scam? ICOs are highly risky even under the best of circumstances, and have a high potential for scams.
But right now, i want to introduce a promising ICO, that is BIXTRIM
The Bixtrim team has an innovative vision of a future with simplified usage of crypto in every day life and we want our customers to be a part of it. The popularity and quick success of cryptocurrencies has made it crucial for infrastructure and functionality to keep up. That is exactly why we found so many obstacles and issues that needed to be solved. Bixtrim team of like-minded people rallied in order to make these revolutionary ideas a reality
So, How we believe that Bixtrim is promising and it's not a scam ICO? It's simple, we can recognize an ICO by three aspect. Their Team, Advisors, and Whitepaper.
Team Members
Before you begin to collaborate with any ICO, you must check who the Team members are. Use Social Media Platforms like Linkedin, Twitter and others to view information about them, review their experience.
If we take Bixtrim as an example. You can see Nodar Lomauri as our CIO, he has this information on his official Linkedin account https://www.linkedin.com/in/lomouri and he is featured on ICObench https://icobench.com/u/nodarlomauri as a verified ICO advisor!
Advisors
Every legit team tries to have international advisors, experienced in ICOs and maybe even verified on platforms like ICObench or with a large following on Linkedin/Twitter. The problem is, even some of these advisors are trying to scam you or they have a past of fraudulent activities, which is never good.
Well, advisory board at Bixtrim consists of people from 8 countries and all of them have been personally interviewed by our founders themselves. A great example is Simon Cocking, a famous advisor from Ireland with a great activity on Twitter https://twitter.com/SimonCocking?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor and Linkedin https://www.linkedin.com/in/simon-cocking-20540135/
Whitepaper
The Whitepaper is the outline of any great ICO project. It has all the information you need and before you invest in anything we strongly recommend reading the project’s Whitepaper thoroughly.
The main part you have to pay attention to is the Roadmap, Financial Forecast and Token Distribution. The Roadmap has to be realistic and consist of every stage in a logical way. The Financial Forecast needs to be a representation of the assets distribution received during the ICO and how it will affect the project in the future. As for the Token Distribution, it is crucial for the team to have a realistic cut in it while also mentioning what would happen to the unsold tokens.
In Bixtrim, you can read through the Whitepaper https://www.bixtrim.com/en/whitepaper.html if you haven’t done so already and make sure all the above-mentioned information is present in the best way possible.
Well that was a few step to identify scam ICO and comparing with promising ICO like Bixtrim. But, once again why we should choose Bixtrim?
Absolutely functional platform
Bixtrim started the project in 2017 and created a better concept for our future platform. Bixtrim strive to the better every day in order to make our platform the strongest and the most comfortable for Bixtrim users.Thinking oriented on the problems solution
The faster crypto world develops, the more new tasks and problems users meet. With a big experience in the work of crypto trading, Bixtrim team united for reaching solutions for every given task.Strong team of professionals
Diversity - one of the main advantages of our team. Education, profession, experience, age, gender. All differences are directed to be the instruments for one common goal, on which we work together: to ease access to the digital economy on a regular basis.
Bixtrim sales phase 1 is gonna start in 7 days, you can join by signup on https://www.bixtrim.com/en/#signup
Connect with BIXTRIM now:
Website: https://www.bixtrim.com/en/
Telegram: https://t.me/bixtrimru
Whitepaper: https://www.bixtrim.com/assets/pdf/whitepaper-en.pdf
Instagram: https://www.instagram.com/bixtrimrus
Facebook: https://www.facebook.com/bixtrim
Twitter: https://twitter.com/bixtrim_llc
Youtube: https://www.youtube.com/channel/UCVXmlGo6wDMsG_kkYFWZwvQ
Medium: https://medium.com/@bixtrim
Golos: https://golos.io/@bixtrim
Steemit: https://steemit.com/@bixtrim
Reddit: https://www.reddit.com/user/bixtrim
Author
Bitcointalk Username: Kingsraid
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1936096
ETH Address: 0x2611c981AdAb7109E26D0C1798e7B7F20764d5A3