As well as the data in our top ICO list, there are a number of characteristics to look for to identify the best ICOs. First, find out the potential return you could gain on the project, then balance any risks. Here’s a quick list to get you started.
Project founders
A founding team and any visible backers or advisors should be visible on a top ICOs website. You can then research this team’s reputation by checking Google or LinkedIn.
Developers
Just like checking out a project’s founders, take a look at the developers; sometimes this is one and the same. What’s their experience? What successful projects have they already completed?
Whitepaper
The core of the ICO is the whitepaper. Whitepapers should be clear, well-written, and understandable and detail the project’s achievable aspirations, ICO terms, technical aspects, and any prudent information for investors.
Roadmap
Top ICO roadmaps are clear and achievable and should allow investors to check a project is on track.
Transparency
Above all, a good ICO should demonstrate transparency for investors. If you are struggling to find information to answer any of your prudent questions, it could be a sign of a problem.
Technology & security
This has two facets: review the technology the ICO will use for its development, network, and coin, and if the ICO is funding new technology, then is that technology viable?
Social media
It’s always wise to take a look at an ICO’s social media channels, take a look at the social media accounts of the founders and team, and see what other people are saying about the project on social media and in forums.
Analyst Opinions
The chances are a good ICO has already been reviewed by a number of analysts who are usually unbiased and will give an open opinion on the project’s aspirations and the potential return.
Terms and Conditions
Finally, make sure you can find and review in detail any terms and conditions relating to your investment, including how the coin will be issued, governed, and managed in the future
