How to do Research on Investing in ICOs
With ICOs being what they are, you will need to look at some key points that will help you to know if something is worth investing in. if you do not want to fall victim to wobbly or scam projects, take note of the following things:
- Who is behind the ICO?
- What is the role of the token in the project and does it comply with the ERC-20 standard?
- What are the terms of the ICO itself?
- Do they have a roadmap and where does it lead?
- How do they intend to use the money raised?
- What is the integrity of the code? Is it public for inspection?
- Who are the advisors? Can you recognize anyone important (reputable) or meaningful there?
- What kind of community do they have surrounding this project?
- What are the legal implications behind what they are doing?
