
How can I measure how trusted an ICO is?
Quite the newbie question, But how exactly can I know how trusted and well-intended an ICO is? I have seen ICOs,s with good marketing and YouTubers talking about it that just disappeared after a few months, and I have seen ICOs,s with not as much publicity breaking the bar.
To measure how trusted an Initial Coin Offering (ICO) is, start by researching the project’s team. Check their experience, past projects, and public profiles. Review the whitepaper for clarity, feasibility, and realistic goals. Look for transparency in token allocation, use of funds, and roadmap. Examine community engagement on platforms like Telegram, X (Twitter), or Discord to see if the team actively answers questions. Verify if the project has undergone independent security audits. Check for partnerships with reputable companies or advisors. Assess whether the project complies with relevant regulations in its jurisdiction. Be wary of unrealistic promises or guaranteed returns. Combining technical, legal, and community factors will help you judge whether the ICO is credible or risky.
Aug 10, 2021 20:37