10-14-2020, 09:31 AM
ICO’S (Initial Coin Offerings) have acquired a huge craze among the growing cryptocurrency community. It is a cost-effective capital raising method where blockchain technology will be used to power a product or a service. A specific amount of funds will be raised and fiat currency or cryptocurrency will be used to pay for the new tokens by the purchasers who are investing in ICO.
[b]Some Areas to Evaluate to Avoid Becoming a Victim of a Scam or a Failed Project Before Undertaking Investment in the Initial Coin Offerings Are[/b]
[b]Some Areas to Evaluate to Avoid Becoming a Victim of a Scam or a Failed Project Before Undertaking Investment in the Initial Coin Offerings Are[/b]
- Analyze the background of the team members
- Understand the functionality of the token used in the project
- Look at the roadmap of the project
- Check out the quality of the code
- Observe the behavior of the community supporting the project
- Verify their reputation in the industry
- Analyze if all legal norms have been satisfied
- The protection offered in case of any threats
- Verify if they are following KYC guidelines
- Read their published whitepaper thoroughly