How do you select a reliable ICO? In this article, we are sharing Yagub Rahimov’s 9 ICO investment evaluation steps you should follow.
18 December, AtoZMarkets – It is not a surprise that cryptocurrency investment is getting more and more popular. While most people talk about the top 10 cryptocurrencies, there are also those promising tokens with good potential. These opportunities also involve ICOs as well. Although, new cryptocurrency investors are having hard time to to select a reliable ICO to invest in.
So, is ICO a real investment option or is it just a hype? There is definitely some part of hype to this subject existing and some investors join the market only due to the fear of being left out. However, this is just one side of the story – ICOs, in fact, are a great way to make profit, while it is also an innovative one.
Yet, we always warn you – this is quite risky and if you are not certain about the team behind an ICO, it is better to avoid investing your funds. You need to consider numerous of factors before investing money in some of these projects. In one of our previous articles, we have discussed the Top 10 ICO investment evaluation tips.
Video: How can you invest in an ICO?
Today, we are going to discuss the opinion of one of the financial services industry insiders, Yagub Rahimov. Coming from the Fintech background, Yagub combines unique expertise in traditional financial markets with deep cryptocurrency market knowledge.
Being a libertarian, Yagub has been a strong Bitcoin supporter. In fact, he has been investing in Bitcoin since July of 2009. Earlier this month, Yagub has appeared as a speaker at one of the Fintech Summits– Webrazzi. Let’s see what he had to say about the ICOs, Blockchain, and cryptocurrencies overall. During his speech, Yagub has answered the following ICO-related questions:
9 ICO Investment Tips with 5600% Average ROI
Aside from just the scheme of work, Mr. Rahimov has also shared his methods of identifying reliable ICOs. He has come up with the following the 9 ways to identify a reliable ICO earlier in February 2017 and he is using these points to assess every single ICO he is interested in:
- Type of the coin
- Purpose of the coin
- Stage of the project
- Security &Audit
- Legal & Compliance
- Community Involvement
- Market Potential
- Funding spending projections
- Team behind the project
Do you have any other questions about ICO? Let us know in the comments section below.