Bitcoin is often used in ICO, but you can use other cryptocurrencies as well, including Ethereum. If you plan to choose Ethereum for ICO, you should make sure that you won’t be scammed. There are a few pointers that you need to be aware of and you need to make sure that you can trust the team behind ICO.
Scams associated with ICO have raised scepticism and distrust among investors. These doubts are justified because various quick money making schemes are taking advantage of ICOs. This affects honest business owners and innovators as well, making it challenging for them to start a successful ICO. Here are a few things to do:
Before making an ICO, a company will release some information about it. In general, you will know its current asset value, what it does and how much it earns annually. After you are certain about the legitimacy of the company, here are things you should do:
Since early 2016, nearly $10 billion has been invested through ICO, with so many entrepreneurs seeking to get an involvement into this financial phenomenon. Telegram managed to raise $1.7 billion through ICO and it proves that businesses can get serious money with this method.
More than half of token events in 2017 were confirmed to be failures and it’s important for investors to ensure that they gain results for their efforts. Here are ways to find trustworthy initial coin offerings: