How To Review, Rate And Analyse An ICO?
ICOs prove to be a readymade solution for people looking for investing in blockchain based cryptocurrency projects. Like mutual funds that are directed at a particular sector, such as bluechip companies, etc; the ICOs are also serving the purpose of raising money for a particular kind of project.
Reviewing ICOs is very important. The ratings and analysis of ICOs by experts make it easy for the investors to trust the investment avenue of this kind and go on with putting the money. If you want to do a small research on ICOs all be yourself, here is how you can go further with it.
- Reviewing the ICO
Whether an ICO is worth investing or not can be found out from ICO reviews. If you want to develop a review of your own, you must consider points for reviewing, such as:
- Evaluating whitepapers: Whitepaper on ICO offer complete and unfiltered information about the offer you are interested in. The user can find out lot many important things such as steps taken for handling volatility, ease of transaction etc. If the guide is full of information in every sense, you can review it better.
- Technology involved: The backing of ICO forms an important point of review. If the technology used is fool-proof one, you will surely rate the ICO higher.
- Token distribution method: How smooth the sales process is worth reviewing. It is the actual transaction mode which defines the user-friendliness of the ICO.
So, on the basis of these points covered in review, one can rate the ICO. The investors can rate it higher if the ICO is comparatively, safer, backed by strong technology and offers amazing ease of transaction.
Analysis part of ICO is derived from the review and rating part. Analysis is done on the basis of its position in relation to others available in the group, its relevance in the current scenario in addition to keeping in account the points covered in review.