ICO Helper (How to choose ICO)There are a lot of ICOs. Every single one of them promise huge returns and amazing perks for investors. But, don't get carried away and start investing in every single ICO project you see. Remember, many, if not most, of these projects are unlikely to succeed.
It is important to realize that all cryptocurrencies, are still an experimental technology. The majority of ICOs are dependent on Ethereum. Which, itself, is still basically a trial system.
Any ICO worth looking at will have at least a web site and a white paper. These will contain the important information about the ICO that you will need to make an investment decision. The information will include general details of the undertaking and its objectives. There will also be information about the team behind the ICO. Other details will include a road map, the methods of execution of the project, and contact details.
An Initial Coin Offering (ICO) is a means of seed funding and crowdfunding a project through the issuing of a brand-new cryptocurrency coin or token. The tokens are usually issued via the Ethereum blockchain. The tokens will be sold to investors to raise capital for the startup.
There are currently more than 1,600 coins traded on cryptocurrency exchanges. Not all cryptocurrencies and ICO tokens are issued on new blockchains. In fact, most new coins are created using other well-established blockchains. It is important that a potential investor researches an ICO to make sure that it is a viable business opportunity. There are several key indicators that can be used to assess that viability of an ICO. One of these indicators is the team experts backing the project. There are also several key things that an investor must have before they can invest.
Creating Your Cryptocurrency Wallet to Take Part in an ICO:Before you invest in an ICO, it is important that you have your own crypto wallet. To take part in an ICO and buy the ICO’s tokens you will need to transfer ETH or BTC from your personal crypto wallet. An exchange account, for example Coinbase, Bitfinex, or /Kraken, is different from your own crypto wallet. On crypto exchanges, you do not have control over your coin’s private keys. If you send the funds from an exchange’s wallet, you won’t receive the ICO tokens. This is because the transfer originated from the exchange’s wallet. Technically, you do not own any wallets on the exchange.
It is recommended to use ETH as the base cryptocurrency for participating in ICOs. This is because many ICO coins are compliant with the Ethereum token standard, known as ERC-20. The most convenient wallet to use is MyEtherWallet (MEW). This can also be used to store Ethereum-based tokens after the ICO is over. Then, your tokens will be freely tradable on cryptocurrency exchanges.
Getting Tokens from the ICO’s website:ICO projects will have a website where you can buy their tokens or coins and store them. Usually, the coins will be stored only for the period of the ICO project. In some cases, they may be stored for some time following the completion of the ICO. Instructions on how to take part in the ICO’s token or coin sale will be on the project’s official website.
If you are looking for an ICO to invest in, you may want to follow the guidance of an ICO advisor. If you do, you should make sure first that the advisor can be trusted. You should also consider the team of experts that are behind an ICO that you are thinking about investing in. When assessing an ICO advisor or blockchain expert, there are five major indicators you should consider. If you are a founder or an investor, the following list will help make it easier for you to decide if an expert is the ‘real deal’ or not.