Having a tough time finding the right ICOs to invest in? Are you new to crypto world? No fuss, you’re at the right place. It’s something in our nature that we all want to earn big in no time. But only few succeed in their attempt, since not everyone has the right knowledge. If you’re looking to invest in ICOs, there’re a number of things you need to consider before making a final decision.
Due to a huge competition, one can easily be bewildered by different ICOs claiming to be the best. It’s not necessary that they deliver exactly what they advertise; most of them are novices and fraudsters who just waste your time and money. So, it’s very crucial that you perform your due diligence to find the best ICOs available in the crypto market. You can visit websites like ICOinRating.com to get the best piece of advice regarding your ICO investment.
To help you find the right ICOs, we’ve put together some important points you need to keep in your mind when choosing an ICO. Let’s have a look at these points below:
Do your own research
You should see things from skeptical eyes and be sure to conduct your due diligence to estimate the chances of their success. Try to take all the risk factors into consideration before finalizing anything. There’re lots of crypto blogs available online, which you can follow to stay up to date with the latest crypto news and stories. Take your time to decide which ICO is worth investing in. Don’t hesitate to note down anything you find informative during the course of your quest to find the right ICO.
If you’re having trouble deciding between two different choices, be sure to Google them to see which ICO seems most credible and offers the best, unique idea. You can also consult with an expert to get the best advice.
Evaluate the technology
You can easily assess the viability of an ICO through its Proof-of-Concept. There’s no point in investing in ICOs that don’t have their proof of concept or pilot case studies. It has been observed that most novices and fraudsters don’t offer proofs of concept for testing and evaluation. So whichever ICO you pick, make sure it has its own proof of concept. Having proofs-of-concept means they have put in a lot of work and time to make it reality, and you shouldn’t have any problem investing in them. Ventures with functioning technology are always supposed to be safe in comparison to ICOs that don’t have functioning technology.
In addition to evaluating the technology, there’re some questions you should ask yourself when selecting an ICO; what’s it about? What is the target audience? Will there be a competition? Are the problems really resolvable using the Blockchain Technology? Can it be resolved using conventional methods?
How you look at these tips? Have something you think can go a long way toward picking an ICO? Please feel free and don’t hesitate to offer your valuable comments in the comment box below.