Top 5 Important Points That You Must Have To Consider Before Investing Into An ICO !!

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Hello All Dear Steemit Friends,

Friends today i want to share top 5 points that you must have to consider before investing into an Ico,

As we all know that their are a lot of companies bringing their ico's each and every day and we have to select only the best among them for gaining some good profit on our investment because only a few of them are genuine and trustworthy and rest of them are just scam.

And for finding the best among them we have to check these five points:-

1. Whitepaper :-

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So friends the first and most important thing before investing into an Ico is reading it's whitepaper because basically the whitepaper is a whole detailed explanation of what is their vision and why are they want to launch their cryptocurrency,

Because only those Cryptocurrencies grow in market which are created for solving a real pain of crypto or real world and we can get a very brief summary about their future plans and how are they planning to improve their project and all their goals,

Well we can easily get a lot of information by just reading their whitepaper itself but we need to give more attention on some areas of the whitepaper more then the whole whitepaper which iam writing in my remaining points.

2. Team And Advisors :-

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So friends we can get the details of team members in an Ico and also their advisors and trust me this point is very important to consider before investing into an ico,

Because we have to check that the Ico has a strong and big enough team for fulfill their promises to the public and also for the future developments of their project,

And we also have to check the past history of their team members and CEO whether they completed any previous successful project or not or they have any knowledge in this field because in cryptocurrency market only experienced person can survive.

And you also have to check their Advisors because an advisor is a very important part of any Ico and they give advices to the team members for their future plans and goals,so always check full details of team members and advisors of an Ico.

3. Total Token Supply :-

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Friends this point is very important point and also gives you an estimate of how you select ico can grow up in future when it hits the exchanges after the end of their Ico sale,

Always choose ico's with medium token supply because if a cryptocurrency got less supply then their is a very chances that you select Ico coin will easily go up with a little investment by the investors,

But at the other hand if you selected Ico got an very huge total supply then they need a lot of investment to move only slightly,The biggest example of this are Ripple And Cardano,

These Coins are in top 10 of coinmarketcap with a huge market cap but still they are valued very less,this is because of their huge Total Token Supply and that's why they are not grow that much as compared to other Cryptocurrencies with the same or lower market capitalisation as compared to their total market capitalisation.

4. Ratings Of Your Selected Ico :-

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After Checking the required details about your selected Ico now comes to the part where you have to check the overall ratings of your selected Ico by the professional peoples in this field because we don't know each and everything about an Ico and their is a high chances that we miss out some important points,

Their are a lot of sites which provides a total detailed information about these ICO'S and they give ratings based on their important details and team strength and these sites also provide you the details of currently running and upcoming Icos.

These are some of the most trusted Ico rating sites which are providing best quality ratings for each currently running or upcoming Ico.

:- https://icobench.com
:- https://www.icoranker.com
:- https://www.ccn.com/ico/

So these are some of the best sites for checking rankings and details of an Ico.

5. Join Their Telegram Group And Other Social Media Accounts :-

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Most of the Ico releasing these days has their own social media network on various famous social media platforms like :- Facebook, Twitter, Telegram etc.....

And these are the best way to know about what is the community thinks about that project and how much the project is hiked up in the market and whether or not people are excited to be a part of that Ico,

Because as we all know that the future value of a cryptocurrency is only decided by it's demand among the people and the more people buy that cryptocurrency the more that will grow up in terms of price,

So you can easily know about the excitement of any Ico by just joining their social media accounts.

Conclusion :-

So friends these are the top 5 important points that you must have to consider before investing your hard earned money into any particular ico,So you can make a very good amount of profit upon your investment and i hope tgese points helps you to choose the best Ico according to your preference.

Important Announcement :-

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Friends iam sure that these points helps you to identify the best Ico for you but still i decided to bring atleast 1 New Ico for all of you guys each week as per my personal study and research,so you guys also got benefits from that Ico and I'll try my best to explain you guys that why i choose any specific Ico and what is it's strengths and weaknesses,

So stay tuned for that Ico series because that will going to be very interesting and informative also.

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