Article: What to Look For In An ICO
At ICO Wingman, we understand the importance of vetting and researching different ICO’s. As we prepare to launch out ICO Wingman, we thought it would be great to share with you some of our tips on what to look for with an ICO. ICOWingman is an ICO and Rating platform that make’s the ICO evaluation process both seamless and transparent like never before. The platform offers a completely new way to clearly evaluate the latest ICO projects with community and expert reviews from only the top industry authorities.
Team Composition
Examining a team’s composition is vitally important. Information on team’s working history, knowledge and other public information should be open and available. Team members should in large part have a diverse area of knowledge and experience as well as cover areas of development, marketing and other areas as well.
Whitepaper
This is one of the most, if not thee most important aspects of an ICO. The whitepaper should cover every aspect of the project including the technology, concept, token information, team information and many other key areas. In addition, the Blockchain utility should be explored. Keep in mind that some whitepapers are more marketing pieces than anything and that some projects may have additional technical whitepaper’s to break down the information in a more technical manner.
Community Engagement
This is another highly important factor for ICO’s and arguably has the power to make or break a project. When looking at an ICO, it is highly recommended to evaluate the community that is behind the ICO and ask some important questions such as: Does this ICO have a strong and loyal community behind it? What are some of the concerns the community has about the project? Is it big enough to support the project? In addition, it’s important to evaluate if the project is really listening and evaluating the desires of the community. Joining the project’s Telegram chat room community is a great starting point to find some of this information.
Tokenomics
For many ICO investors, the token metrics play a vital role in terms of evaluating the project. There are many different guides and methods to evaluating a project through this lens. They can include evaluating how big the total supply is, how many tokens are going to team members/advisors as well as what the initial price of the token is. All of these factors and more play a role in determining whether the project has a strong level of tokenonmics behind it.
Overall, these factors and many others play a role in evaluating whether or not an ICO is poised for success. It is important to throughly examine every facet possible of an ICO. By spending the time and doing your homework with an ICO, you can learn more about an ICO and determine if truly is worth your time and money.
*Please note that this article is meant for informational purposes and does not constitute financial advice.
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