How to spot ICO diamonds in the rough

Alicja Rutkowska
Aug 28, 2017 · 1 min read

With so many different ICOs available today, it might not be the easiest task to spot those which are actually worth investing in. The good news is that you can quickly learn how to evaluate ICOs in a better way, therefore increasing your chances of investing in a project with a bigger potential.

Here are some things which are worth paying attention to before investing in an ICO:

* The team behind the project (their skills, experience and motivations)

* The whitepaper and the main business idea

* Competitors

* Token characteristics (its purpose and function)

Considering those few points should be a good starting point for anyone who wishes to invest in a cryptocurrency.

It’s also important to remember that the most attractive ICOs, and the rarest ones, are those backed by an already existing product, not merely a promise of it.

You can read more about our own project on Medium, and check out BmyBit’s Personal Automated Trading System.

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