Things to remember before investing in ICO


With so many ICO going on it’s really important to know which one is the good one but it’s even more important to know whether investing in this space even make sense or not.
Firstly it’s really necessary for investors to know about the technology which company is offering. Does that technology is for improvement? Does it change the traditional system? Do all fields will able to accept that technology?
These all questions should be answered to investors.
There are few points that everyone should keep in mind before investing in an ICO are mentioned below.

How detailed is the Project Plan?

Before investing in an ICO, the first thing that matters is the planning in terms of Business Plan, Business model, growth Plan, Product summary, Coin Distribution, and fund allocation. A proper plan of every component helps investor decide whether to give this ICO a chance or not. These all above mentioned points should be present in the project’s whitepaper that should be available on the project’s website. Every company has a plans but investors has to see, how detailed is the plan. A plan which is detailed and transparent provides transparency to investors and proves that the company is here to stay and serve people. According to the plan and depth of the company, trust factor came across their mind.

Technology project is based on?

Investor before investing should also look for the technology of the project and the cryptocurrency it’s based on. Products developed on already proven technology like ethereum can give a wider prospective to people about the development and successful running of the project. FXCOIN is an ERC-20 smart contract based cryptocurrency.

 Problems & Solutions

One should also see what problems in the society the products offered in the project are solving. Solving genuine problems of a society helps grow a product & product become likeable by the users. Example- Crypto debit card, Global blockchain wallet by FXCOIN Limited.Every company in the market have to compete with the problems of the society and if the company is capable enough to solve those problems then investors can make a choice to invest in that company. 

The team & advisory board

When guests appear in our home, we firstly introduce him to our family members likewise when you think of investing in ICO it’s really important to know the team & advisory board. Whenever people are in confusion the team will be there to advise and supervise you properly.

 
Funds Distribution

Fund collected during ICO phases need to be utilised in different aspects like development, marketing, legal etc. A detailed plan of fund distribution also gives a sense of transparency to investor. Every whitepaper of a project displays fund distribution and coin allocation in details depicting trustworthiness & faith. 

Comments

Post a Comment

Popular posts from this blog

App Stores of Future Will Be Based on Blockchain, Promote Transparency

Image
In 2017, app stores saw record revenues and downloads. Across both iOS and Android platforms, downloads grew by 15 percent year-over-year to reach nearly 50 billion worldwide, taking total revenue to $15 billion. Google Play and the  Apple App Store  are the most widely used mobile marketplaces across the globe. It’s because of this duopoly that they are able to impose a 30% cut on all purchases, app downloads and in-app items alike. AppCoin wants to change this by utilising Blockchain technology, disrupting the traditional app economy. This economy is worth nearly  $77 bln  today and may double by 2020. What problems will it solve? The app economy is highly inefficient due to many intermediaries between the users and developers. It’s constructed by single entities that provide highly centralised platforms. These platforms offer distribution, discovery and financial transactions but have frustratingly non-transparent policies. These entities are also ...
Read more

Why Will the demand of FXCOIN grow?

Image
In this growing digital world. Technology is making a mark on all minds. Talking about the technology blockchain and cryptocurrency is a hot topic for all. Cryptocurrency has created a new era for payments, making money, exchange and transfer. When any cryptocurrency is offer to the public there is always one question which raise in all people’s mind, what is the future of that coin? The future totally depends on the usability of the coins. We all know about the demand and supply theory of economics which simply defines the core rule, when the demand rise so do the supply and vice versa. What is FXCOIN? The most awaiting cryptocurrency “FXCoin” is a next level technology for decentralized payments transfer systems and allows peoples to store and invest money in a decentralized currency. In an initial stage FXCoin got a huge support from its supporters. Within a very short span of time FXCoin has achieve a market capitalization of $6 Million as well as 7000+ early investors...
Read more

Good News: FXCOIN is extending its's Pre-ICO

Image
PRE-ICO This is team FXCOIN with a quick note, reminding everyone to slow down a little bit. We are extending the Pre- ICO by 2 days, so you have 3 days to buy our FXCOIN! Help us spread the word, so we can gather more strength and support to take a step in cryptocurrency revolution. Remember, ICO news make exciting bonus too, especially for those friends and relatives that don’t stop talking about the FXCOIN’s Pre- ICO,and this is the special opportunity for those who don’t get time to participate in FXCOIN Pre-ICO, Keep Investing!
Read more