ICOs are the new “sexy” — How not to get your heart broken

Initial Coin Offerings or ICOs in short, is the new sexy trend of our times. There are hundreds of teams that are building their project and are thinking of an ICO as we speak. Are all of them though worth your investment and your time? How can you tell which are the most promising ones? Should you look into the team behind them or their background? Or should you focus on their whitepaper or the problem they are solving? What exactly should you look for?

All of the above are very valid questions but the first and most important questions you should be asking are the following:

· Does the company need the blockchain in order to successfully deliver their project?

· Does the ICO play an important role in their process other than raising funds?

If the answer to the above is “No”, and the company is doing an ICO just because it is the new trend, then you should be twice as careful when investing in order to get a better yield out of your tokens to come.

If the company though needs the blockchain to bring their vision into fruition and the ICO is a vital part of their plan, then immediately the project makes more sense and has more chances to be judged as a valid candidate for your cryptocurrencies.

ICOs may indeed be “sexy” but the risk of being lead on by the team into a failure and a broken heart is as high as it has ever been unless you do your due diligence and most importantly ask the right questions.

Warning: The information contained in this post is not a solicitation to invest. All ICO participants should carefully go over all the risks described in the whitepaper on the token-sale website. The token-sale is strictly closed to U.S citizens and a range of technical measures are in place to ensure citizens from restricted regions (as outlined in the token-sale T&C), including the U.S, will not be able to contribute.