How I Research “Initial Coin Offerings” (ICOs)
This is not financial advice; you are responsible for your own money.
All my resources are to be seen as research and conjecture. I do not claim having done any of it with my personal assets in the past or present.
Understand what an ICO Is
Filter based on Common Scam Red flags
As this brilliant techCrunch article says,
- If the use case that the company is pitching has no blockchain use,
- If there is no open source repository of their work (I.e., a github)
- If tokens in the ICO are primarily intended for the developers of the project to receive the token
- If the founders are a weak team, or an anonymous team
- If there’s vague information/whitepaper
- If there’s no clear roadmap
Gauge opinions from affluent people who participate in ICO’s via their ICO spreadsheets.
The red flags and rating of an ICO is more of an art than a science. The purpose is to essentially rank and assess each ICO so they can be derisked. Calculated risks can then be taken.
- Crypto moon
https://docs.google.com/spreadsheets/d/1js-N4uFteHPAYMAZJRPajDhOkhVCE-iwHdPnxPtuftU/ - Ian Balina
https://docs.google.com/spreadsheets/d/1qvCCS6lwEH9nOa8KwQGTVhtQ3VXPzed3rXUqksDQkT0/ - Ohheymatty
https://docs.google.com/spreadsheets/d/1OH-AoIggPLL9JGmx7i-Xsjzktc0JCEfLvHvEmDJmeWY/ - Gobone
https://docs.google.com/spreadsheets/d/1vUHwfqpwz1L8QvmBy-PzpcahW40VXg3SbXIY5XqH-IA/ - Lendex0
https://docs.google.com/spreadsheets/d/1JyRRxzZQCt2Sc6D_sUZU7oyPgYDjLUfH_VjjwmXA3Mo/ - Crypto Brothers
- https://docs.google.com/file/d/0BzhUnuLXSZ76VHNWU3B0OGx1cHM/edit?filetype=msexcel
Gain Additional Information from Online Interviews and Reviews of the ICO You’re Interested In
Such as:
Getting into an ICO
It all depends but typically early on there’s a stage for only registered investors. After this stage, they usually open to the public and allow for whitelisting a select group. After this point, many allow individuals to invest by sending an amount from an Etherium wallet. This is because many new coins piggyback of Etherium by utilizing something called the “ERC-20” standard, (read on that here).
Sound Principles
My Personal ICO’s
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Author: Natu Myers (Website: Natumyers.com)
Natu is a cryptocurrency investor and software engineer who is experienced in building large scale applications. He built Innovator.Supply, an HR recruiting software for VR, AR, and chatbot enthusiasts. This was followed his other service, Hypetroop Market. He has a fitness page on Instagram. Stemming from his time at Queen’s, he was a defensive lineman on the Queen’s Gaels football team. Being a multipotentialite, he finished a business incubator program after graduating, launched his own album on iTunes, and he stays up to date industry-penetrating software startups and crytocurrency investment methods while gaining IT experience.
