How to evaluate a potential ICO project?
This is probably the question that inevitably in this moment you are so much in need of an answer when a series of information sharing about ICO projects from friends, even the ICO ads too much. If you are looking to invest, change your life then you should probably invest in an Ico somewhere, but it is not as simple as you think because there are now many fake projects, questions are set. Here is how to know which ICO project should be involved.
In this article I will share with you some important criteria for evaluating an ICO project, then you can make a decision whether to join or not to participate in that project.
What is an ICO?
ICO stands for Initial Coin Offering, which is a fundraising activity from investors through Cryptocurrency. The ICO program usually lasts from 1 to 6 months depending on the project. And in the ICO run phase they will sell token for investors with cheap to raise capital. And if successful, the token will be converted into an electronic currency of the company and put on the floor at a price higher than the original price so investors will be profitable.
The two most common types of electronic money currently used to buy tokens are Bitcoin or Ethereum.
ICO example:
• By 2014, the Ethereum Project (ETH) was announced and the ICO raised $ 18 million. This project is successful and by 2015, and by 2016 the value of 1 ETH will increase to $ 14 with a market capitalization of over $ 1 billion. And now (in 2018) an ETH is priced at over $ 500
However, there are also some fraudulent projects that you can lose if you invest in them. Before you join, you have to find out about the potential of the project. number of criteria:
Website is the face of the project, look at it we can evaluate the professionalism of the project.
The whitepaper contains all the necessary information about the project, it is also the face of the project
Find out if these members are fully focused on the ICO, whether the board is reputable in the field.
conclude :
Here are some criteria to evaluate a potential ICO project, you note that this ICO project can bring in huge profits but it is still very risky, so be very bright. All in the ICO selection
Currently, I'm participating in an Ico project, personally I think it will succeed in the future, I will introduce to you always in this article that is Sphere
I believe in the future of Sphere because Sphere works on a blockchain platform, ensuring the transparency and security of user data. With Sphere, customers will be in control of all their activities, and every transaction that benefits from customer information will be paid for by Sphere, not as free as other social networks are doing.
You can refer to the whitepaper of Sphere here
While Sphere is not just a social network, it has a huge market and you can also make purchases using a SAT card, Sphere's current sat value is $ 0.14 and remain the same until the end of the project
In addition, Sphere is still running a four-phase ICO program, which has now completed three phases, phase 4 runs until April 9, 2018 at 21:00 UTC.
Detailed reference:
If you are afraid to invest, you can also join the project by sending your referral link to your friends so that they can join you, with each successful registration they will receive 20 SAT. And you can start signing up from my link.
Some links of Sphere:
Website: https://sphere.social/
Twitter: https://twitter.com/SphereOfficial1
Facebook: https://www.facebook.com/SphereSocialNetwork
Average: https://medium.com/@sphereofficial
Reddit: https://www.reddit.com/r/SphereSocial/
<The article is a reference, wish you success>
