As the number of ICO projects is increasing rapidly, and the number of fraud activities related to ICO is also increasing rapidly. If you are a beginner who started crypto-investment recently, there are many things that you have to make sure before joining ICO. Here, we will provide basic points that you have to know before joining ICO.
Basic ICO Requirements
The point that all the reliable ICO projects mention is the duration of ICO. Reliable projects usually shows the duration a month before ICO starts. If the website doesn’t say anything about the duration and ask you to send ETH or BTC, that is scam. Also, if the project changes the duration of ICO all of sudden, you need to make sure that they provide the reason why they change ICO period.Moreover, good ICO mentions the exact starting time and ending time, so if it only says “28th of January, 2018”, it is not reliable. The good projects should state the details such as “28th of January, 2018, 11:59 UTC” so that anyone in the world should have the same starting and ending term.
As well as the ICO duration, you have to make sure that the website mentions quite a few things such as: Token price, which tokens they accept for joining ICO, Fund minimum and maximum.
The recent ICO frauds are getting adopted to these form, and some of them looks as reliable as good ICO, but if you see go to the websites that crypto investors go to share the information, you will find if it’s scam or not. If you couldn’t find any information about a particular project you are going to join, it is better not to join the project as the lack of information means the lack of reliability.
There are many other things that you need to check before joining ICO, and we will keep updating the tips for you.
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