The Initial Coin offering is a gallant opportunity for the investors in Crypto currencies to find the sweetest return for their investment. These days, across the various global exchanges, you will come across multiple such campaigns and you are likely to feel enticed for investing in such campaigns. However, as nothing can be perfect white, often such campaigns are spotted that attempts to deceive the clients allegedly. How will you combat those chances? Here is your guide that will enable you to pick the most promising and genuine offers.
Go in between the lines of the offer scheme
The ICOs can be rightly compared to the projects of Crowdfunding and hence, in a similar manner, such campaigns, promises some additional benefits to the early contributors of the scheme. For an investor, the purpose of investing in an ICO is to catch the most promising schemes, ahead of others. However, it does not mean that you turn crazy and run after the word of mouth. Analyze the feasibility and practicality of the offer, before you invest in it. Refrain from such schemes that comes with an offer that seems to be unrealistic.
Check the reputation of the party, offering the ICO
The biggest challenge with the ICOs is that it majorly comes from the parties that are probably running its pilot campaign. As such, it becomes very tough to make an assessment of its trustworthiness and reliability. However, you should find as much information about the promoter of the campaign and analyze the market information. You should go ahead with the investment plan, only if you find something that truly worthy to trust the party.
Give due consideration on the reputation of the exchange
Though the exchanges for Digital Currencies will not have the extent of control on the participants, still a reputed exchange will not allow fake parties to participate on its platform. Hence, before putting money on the ICO projects, consider the reputation of the exchange, you are dealing with. Dealing with a reputed exchange that enjoys the trust and reliance of the investors, gives some assurance that you will not fall into the traps of the evil forces.
You should check the reviews and rating of the exchange, before you deal with an exchange. This will enable you to pick a reliable platform, wherein you will automatically come across genuine and authentic offers. Hence, you can stay protected from the chances of wasting your resources of fake schemes.
Once you have identified the authenticity and reliability of the party, offering the ICO and the exchange through which you will make the investment, analyze what the scheme has to fetch you in the short and long run. In other words, you should only opt for those offers that suits your personal investment plans and objectives. Refrain from investing in such schemes that contradicts your standing in these regards, no matter what enticing the offers are.
Adhering to these points, you will be bale to pick the ICO schemes that has real value to offer.