How to ICO?

ICO, from Initial Coin Offering, is in the blockchain what a start up is in business.

The first thing we have to take care is that an ICO, is an initial proposal, actually there is no infrastructure yet and it will require between 1-3 years or even more time to have a real product if this project succeeds. The schedule followed by the majority is: Once they have the idea, and they filled the team, they create a website and social environment. The idea of the project is captured and funds are raised, some ICOs put their objectives to be made based on the funds they raise.

All this is collected in the "White Paper" a PDF allocated on the official ICOs website where all the information that one can access is detailed.

What patterns do I have to take into account?

There are 3 patterns that you must take care of:

1. The team is a very important indicator. We must know who forms the ICO and its profiles. In this point the more information we get, the better, because we will have an image of how they behave and if it corresponds to what they say.

1. To read the White Paper and understand what they want to achieve with the project is very important. There, are detailed all the processes the team intends to undertake and how they will deal with it. It will also give us an idea of their ambitions if they are too high, or if they simply do not offer what we expect.

1. The value of the token in the platform. In my personal opinion, this is the most undervalued benchmark to know the reality vs. expectation .Beyond how much $ is worth 1 token, is far more useful the value of that token within the platform, what use does it have?. This is the most reliable indicator of whether it matches the price of the token.