3 Tips For Choosing The Best ICO

ICOs are both great and high-risk investments. That is why is extremely important to know which one is worthy of your time and money. An ICO is a great way to raise great capital and we have seen that with ‘’Tezos’’ raising more than $200 million. But keep in mind that ICOs are also a great way for quick money grabs and committing frauds. Here we will help you by giving you a few key elements that you need to watch out for.

1. Who Is On The Team?

It is crucial for you to know the company behind a certain ICO.
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Today there are plenty of new companies that are just starting on the market but there are also some that are here for years and are highly respected. Make sure you search for the profiles of the companies and find news and mentions about their company.  All of the team members must show great expertise and prove to have experience in the industry. If you notice that they are lacking expertise, this is the first red flag that an ICO may be fraudulent.

2. Find Unique Concepts

What is very interesting about new ICO startups is that most of them try to be the better version of an already existing ICO. Whether they offer cheaper and faster options, it’s best to find some that offer new and unique services. Startups that just offer what’s already on the market usually want to compete and not innovate. A good ICO will address a much-needed solution to a certain problem and will disrupt parts of a particular industry.

3. Market Target

In order to have a successful ICO, you will first need to realize what you are targeting. This will make easier for the startup to focus on a certain issue and deliver the best solutions and options.