Published On: Thu, Oct 19th, 2017

7 Rules of Savvy ICO Investors: How To Pick The Right Project To Participate In

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An ICO, otherwise known as an Initial Coin Offering, are creating millionaires across boards from Africa to Asia, Europe to Australia and the Americas.
What is an ICO?
An ICO is an unregulated way of raising funds for a new cryptocurrency venture. It is used by startups to avoid the scrupulous and highly regulated process of raising capital via banks or venture capitalists.

7 Steps for ICO Analysis
Now that you know what an ICO is and how it could potentially make you stinking rich, should you just invest in any ICO that comes your way? No, of course! There are steps you must take to critically analyze an ICO before investing in it. Here are the 7 practical steps for ICO analysis.
1. What’s the problem the project aims to solve?
An ICO should not be launched for the fun of it; there must be a problem it intends to solve. This could range from providing cybersecurity, improving real estate investment, helping patients get access to quality healthcare providers, storing your cryptocoins, to creating online jobs. An ICO that does not have the aim of solving any problem should be seen as fraudulent and avoided at all costs.
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