Why ICOs?
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Initial Coin Offerings are an unregulated way of raising equity for cryptocurrency projects. It's one of the quickest ways to multiply your investments, but also a surefire way to lose all your money if you bet on the wrong horse(cock).
To find ICO projects you could use webpages like:
https://icobench.com/icoshttps://hoticolist.comhttp://icodrops.com/ico-stats/But do your own research, as these aggregators take cash for positive reviews and favouritism.
What to look for in ICOs
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- Read the white paper of the project. This can't be stressed enough, if the idea behind the project is crap so will your returns be.
- The hard cap (maximal raised funds) is extremely important, as it says how large the upside is for the project. Compare the hard cap with the market cap list on
https://coinmarketcap.com/ - it should preferably be below 30-40 million USD, but it's no definitive rule.
- Check where the company is registered. If it's in a tax haven or shady places like Panama, HK or the British Virgin islands it's likely they don't care for the longevity of the project.
- Research the devkevs behind the projects, are they random no-names or do they actually have a track record? As there are scams, reverse search their portraits so you know they aren't using stock images.
- Do not put too much attention into the advisors section, some are there only for a quick cash grab or to increase their reputation in the scene. The dev team is many times more important than the advisory board.
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