An initial coin offering (ICO) is just a fundraising process that allows trading for future cryptocoins which provides an immediate liquid value. Generally, a percentage of the tokens is sold to the ICO participants and a specific percentage is kept for the private investor needs.
An ICO allows both small and big investors to fund their project as per their need. Many traders have gained a great benefit with ICO which has really created a great motivation among the users.
ICO is always beneficial, but only when you make investment wisely in your limit. A limit is always needed for fundraising wisely. Here, are the main keys that you need to focus when you go for ICO investment evaluation.
- Team composition
You should know everything, you can know about the team, especially about the advisory board and development team. One should look up for each team member relevant experience and should look for their crypto experience.
- Project stage and investments
Evaluation of the project stage let you know that whether it has only a white paper or beta version. Is there any of the projects which have limited functionality? So, you should prefer the project that has some lines with working code. One shouls also look for the information usually present on the project website page.
- Media & community
It is very much important to have an open supporting community just the same as the public slack for all investors. So, you should always try to clutch the atmosphere within your community. You can check their social media presence to get their perfect review.
These are the few significant tips that you should consider while evaluation of the Initial Coin Offerings (ICO). Any, if you need more such information, you can visit the website asktollfree.us or you can dial a mycelium phone number +1 888 202 3317.
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