The best way to evaluate an ICO is to analyze every single aspect of the project and narrow it down to its precise execution strategy. Some critical factors to consider include: Business model: Identify the strong points and weak links of the business model.
What should you look for in an ICO?
Any time you evaluate an ICO you should look at: (1) the token sale structure; (2) soft and hard fundraising caps, and (3) the token distribution structure. First, the token sale structure can be used as a data checkpoint to validate the intention of the founders.
What is an ICO (Initial Coin Offering)?
An initial coin offering ( ICO) is a fundraising method that trades future crypto coins for cryptocurrencies which have immediate, liquid value. Usually, a percentage of the tokens is sold to ICO participants and a percentage kept for the company’s needs (private investors, etc. Terms differ from one ICO to another).
How to evaluate an icon design?
There are several techniques for evaluating icon designs, and which one you use will depend on your goals and on your stage of design. The methods can be separated into 2 main categories: out-of-context and in-context testing, depending on whether the icon is shown to the user in isolation or in the context of the actual interface.
What is an ICO and how does it work?
Usually, a percentage of the tokens is sold to ICO participants and a percentage kept for the company’s needs (private investors, etc. Terms differ from one ICO to another). An ICO allows both big and small investors to fund the projects they like.
How can you tell if an ICO is good?
The ICO white paper is the most solid thing that you can use to check the validity of the project. It will tell you everything there is to know about the ICO project, including why it is worthy of your investment, its future applications, commercial uses, revenue mechanism, coin trading at exchanges, etc.
What is a good ICO?
Much like an initial public offering, a company holding an ICO should clearly state the maximum coin supply, as well as the number of tokens allocated to founders, early investors, partners, and the company itself.
What are the key characteristics of an ICO?
Some key characteristics of an ICO include: Participation in a project, Decentralized Autonomous Organization (DAO) or an economy. Coin ICOs generally sell participation in an economy, while token ICOs sell a right of ownership or royalties to a project or DAO.
What attributes help distinguish successful ICOs?
We find evidence that ICOs are more successful in raising funding when they disclose more information to investors (i.e. have a higher profile rating), have a higher quality rating by cryptocurrency experts, have a pre-ICO GitHub repository, organise a presale, refrain from offering bonus schemes, have shorter planned ...
How many ICOs are successful?
With 80% having been scams, it leaves the leftover 20% of ICO's to be successful, however according to a number of studies, 50% of these fail with the verdict still out on the rest. That means a whopping 90% have failed (if you include the scams).
What is the best ICO to invest in 2022?
A Closer Look at the 5 Best ICO Projects in 2022My Freedom Coin. My Freedom Coin (MFC) is a top initial coin offering as it's the only existing cryptocurrency project with a Floor Price. ... Maxxer – $MXXR Token. ... KubeCoin – KUBE Token. ... Tetrix Token – XTR. ... BlaBlaGame – BLA Token.
How can you tell a good crypto project?
Here are some of the important factors to look at:The Team. ... Social Presence. ... The Idea and the Project Itself. ... The Use of Their Token / Coin. ... Current Market Cap (or ICO Cap), Price and Coins in Circulations. ... Trading Volume - see above image. ... Which Exchanges Currently List Their Coin. ... Community & Developer Support.More items...
What are the risks of an ICO?
Currently, ICO owners take a risk because of: Uncertainty in regulations, which could lead to fines, extra costs, or penalties. Uncertain regulatory difference between utility and security tokens. Unstable investment currencies that can devalue exceptionally quickly. Little to no information about token holders.
Are all ICO profitable?
Initial Coin Offerings (ICOs) have become a popular way of fundraising for companies. While they can be highly profitable for both companies and investors, there is a large amount of risk involved due to their unregulated nature.
How do ICO tokens increase in value?
For ICOs, crypto companies raise funds through the sales of coins or tokens. In both cases, investors are bullish about the company or the cryptocurrency and invest based on the belief that the asset's value will increase over time.
How do I launch a successful ICO?
How To Launch An ICO, A Detailed GuideCome up with an idea, think it through and make sure that your project actually needs an ICO. ... Know your competition. ... Research the legal side of things and find out if ICOs are actually legal in your country. ... Create an ICO token. ... Write a white paper. ... Launch a website. ... PR and marketing.More items...
How do you make money from ICO?
How to make a profit from your ICO Investments?Do your Research. You must have heard this a lot of times, but it still holds true for any kind of investment. ... Invest in a Good Coin.Don't miss bonus tokens. ... Hold, Sell, Repeat. ... Know the Risks.
What is the best ICO to invest in 2021?
Best ICO's To invest in 2022 – Top ICO List 2022ICO NameSale StartSale EndBattleKnight ActiveFebruary 5, 2022November 30, 2022NEURONET ActiveOctober 15, 2021January 31, 2021World X Foundation ActiveOctober 6, 2021January 6, 2021CAIZCOIN ActiveJune 1, 2021October 31, 202112 more rows
What makes a good crypto token?
For cryptocurrencies to be useful and compete effectively with fiat currencies, platforms must have transaction speeds at least as fast as current systems such as Paypal, Venmo, and Visa. They must also be ready to further scale transaction speeds, and demand and users increase.
Are all ICO profitable?
Initial Coin Offerings (ICOs) have become a popular way of fundraising for companies. While they can be highly profitable for both companies and investors, there is a large amount of risk involved due to their unregulated nature.
What was the biggest ICO?
FilecoinAs of November 2017, there were around 50 offerings a month, with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).
What is an ICO?
An initial coin offering ( ICO) is a fundraising method that trades future crypto coins for cryptocurrencies which have immediate, liquid value. Usually, a percentage of the tokens is sold to ICO participants and a percentage kept for the company’s needs (private investors, etc. Terms differ from one ICO to another).
What is the motivation for an ICO?
The motivation for the investors of the ICO is that the price of the token would be higher (or much higher) than the token’s price during the ICO. ICOs are really hot among the crypto investors.
How long after ICO do you release tokens?
Watch for the token distribution stage. Some projects just release their tokens hours after the ICO has ended. Some projects need to develop a beta version before sending out the tokens. If you look at the percentage gain of Etherium (one year between ICO and token distribution, around 500% gain), Augur (1+ years, 1500%) and Decent (8 months, 350%), sometimes this break creates a very positive hype around the project.
Do investors read whitepapers?
Most typical investors actually don’t read through the whitepaper, even though it contains all the necessary information about the upcoming project and the ICO.
The Golden Rule
NEVER invest more than you can afford to lose. While this may sound obvious, many people get carried away and invest way too much while they are blinded by greed or FOMO. If the coin/token goes to $0, they may end up financially crippled for a long time. Additionally, you need to have some patience.
Company Structure
Ok, so now that you’re in the right mindset, you can start researching the project. Start by checking whether the team has formed a company and look at which country it’s registered in. Where is their office located? This info helps confirm that the project and team actually exist somewhere in the world.
Website Review
Check out the website. Does it look professional? Or does it look like something your 15-year old nephew can create on Wix or WordPress in a couple of hours? The website can demonstrate the credibility of the business. Of course, any information should be presented in a clear manner to the visitor.
Research The Team
A strong team drives the success of any company regardless of how much the project raises. Researching the team’s experience and credibility is important. Check whether profiles are easily accessible and disclose sufficient information.
Github Progress
Github is a public collaboration tool used mostly by programmers to share and build software together. Because many projects are open-source, the code is often hosted on Github for the public to review and provide feedback on. If you have a technical background, go ahead and check the validity of the source code.
Read The Whitepaper
You definitely should read the whitepaper in its entirety. If you don’t have time to read it, then you have no business in investing in the project. The whitepaper should contain all the pertinent project information.
Is There A Prototype?
There are two types of ICOs, those with a working prototype and those without. An ICO without a prototype is often referred to as a “whitepaper ICO.” This means investors are investing in a whitepaper (only the idea) with nothing else to show yet.
How should we document our findings?
The documentation of your processing activities must be in writing; this can be in paper or electronic form. Generally, most organisations will benefit from maintaining their documentation electronically so they can easily add to, remove, and amend it as necessary. Paper documentation may be adequate for very small organisations whose processing activities rarely change.
How should we prepare?
A good way to start is by doing an information audit or data-mapping exercise to clarify what personal data your organisation holds and where. It is important that people across your organisation are engaged in the process; this can help ensure nothing is missed when mapping the data your organisation processes. It is equally important to obtain senior management buy-in so that your documentation exercise is supported and well resourced.
What can IT staff help answer?
IT staff can help answer questions about technical security measures.
What if we have an existing documentation method?
In addition to data protection, organisations are often subject to several other regulations that have their own documentation obligations, particularly in sectors such as insurance and finance. If your organisation is subject to such regulatory requirements, you may already have an established data governance framework in place that supports your existing documentation procedures; it may even overlap with the UK GDPR’s record-keeping requirements. If so, the UK GDPR does not prohibit you from combining and embedding the documentation of your processing activities with your existing record-keeping practices. But you should be careful to ensure you can deliver all the requirements of Article 30, if necessary by adjusting your data governance framework to account for them.
Introduction to data protection
This section introduces some basic concepts, explains how the DPA 2018 works, and helps you understand which parts apply to you. It will also help you identify which sections of this guide to read.
Guide to the UK GDPR
This section explains the UK GDPR, tailored by the DPA 2018. This section will be most relevant to most organisations.
Guide to Law Enforcement Processing
This section is for public authorities processing for law enforcement purposes.
Guide to Intelligence Services Processing
This section is for the three intelligence agencies: MI5, SIS (also known as MI6) and GCHQ.
Key data protection themes
This section contains guidance on key themes, explains how the law applies in that context, and links to any statutory codes of practice.
Archived data protection guidance on the old Data Protection Act 1998
We produced many guidance documents on the previous 1998 Act. Even though that Act is no longer in force, some of this guidance contains practical examples and advice which may still be helpful in applying the new legislation.
How to evaluate icon design?
There are several techniques for evaluating icon designs, and which one you use will depend on your goals and on your stage of design. The methods can be separated into 2 main categories: out-of-context and in-context testing, depending on whether the icon is shown to the user in isolation or in the context of the actual interface. More importantly, however, is choosing a method based on what you need to learn in order to move forward with your design confidently.
What is the test for icon recognition?
In some ways, this is the icon version of a Rorschach inkblot test. The purpose of this test is to make sure that icons are recognizable, and that people can easily deduce the object that it depicts.
Why are icons ignored in usability tests?
However, keep in mind that there can be many reasons why an icon may be ignored in a standard usability test, some unrelated to the usability of the icon per se. For example, users may get distracted by some other elements in the interaction or in the site design and may not get to ever complete the task. And even if the icon design is at fault, it’s hard to pinpoint exactly which of the features of the icon are problematic: is it the case that people cannot recognize the icon, cannot understand what its meaning is, or maybe they simply cannot find it?
What is time to place test?
Time-to-locate tests are the best measurement of whether or not users can easily find an icon (or some other interface element) among the crowd of the full design. In these tests, participants must click or tap the UI element to achieve a given task. Measure how long it takes people to successfully select the correct icon, as well as the rate of first-click selections (that is, how often their first click is on the right icon: wrong selections indicate that the icons are not suitably differentiable, while slow-but-correct selections are a discoverability issue).
Why do we use icons?
One of the common reasons to use icons in the first place is to add visual appeal to a design, but not all icons are equally good-looking. The simplest attractiveness test is to ask people to score each icon on a 1–7 scale.
How to gauge findability?
To gauge findability, icons must be shown in their native habitat — in the context of the full interface. In-context testing can help you determine if multiple icons appear too similar and users will have a difficult time distinguishing among them, or if the icon is hidden under a false floor or in an ad-rich area and is thus overlooked.
What is the best method to measure performance and determine the optimal design?
To continually improve an icon, A/B experimentation is the best method to measure performance and determine the optimal design.
Crypto-Sale Resiliency
- Here we enter crypto-tech territory. This part covers the sheer mechanics of the cryptocurrency sale, including its legal and regulatory aspects. Some questions to ponder include: 1. In what jurisdiction is the company incorporated? 2. What legal structures are being disclosed? 3. What …
Operational Transparency
- I wrote this in February 2015: This is all still true and applies 100%, and relates to how you plan on communicating progress visibility. Some questions to ask: 1. Is the company providing public dashboards? 2. Does the company have independent auditors? 3. Are their delivery promises well articulated so that they could be later measured? 4. Does GitHub or another public repository ref…
Business Model Relationship
- This is a critical part that should not be taken lightly, and it should be figured out early on. It pertains to building a case for why a cryptocurrency model is the right path for this company. The basic premise is about how tokens are related to the business model of the company. The token is supposed to tie everything together. For example, in the case of the Bitcoin blockchain, Bitcoi…
Do You Really Need An ICO?
- Amidst all the excitement generated by ICOs and the prospects of freedom from the strings of venture capital money, and the creation of new business models that we haven’t seen before, there is a fundamental question that must be asked: Do you really need an ICO with its own currency or perhaps you may just want to use an existing cryptocurrency that attaches to your m…
1 – Team Composition
2 – Bitcointalk.Org Thread
3 – Stage of The Project and VC Investments
4 – Community and Media
5 – What Do They Need The Token for? Is The Blockchain Necessary?
6 – Unlimited / Hard Cap
7 – Token Distribution – When and How
8 – Evaluating The Whitepaper
- Most typical investors actually don’t read through the whitepaper, even though it contains all the necessary information about the upcoming project and the ICO. Don’t hesitate to read it, or at least the majority of it. Note the strong and negative aspects and add in some of your own research. In the end, the whitepaper is the silver platter to pot...
9 – Quality of The Code – Meet GitHub
10 – The Bottom Line
The Golden Rule
Company Structure
Website Review
Research The Team
GitHub Progress
Read The Whitepaper
Is There A Prototype?
What Problem Is Being Solved?
Market Research
- Any business plan should be backed with evidenced-based market research to give an overall picture of the market being served by this new business idea. It is hard to imagine that an ICO will succeed if the whitepaper lacks proper market research. The information they provide should help you understand current market conditions, its growth, and the...
Competitors