Tuesday 9 August 2022
Home / Invest / Three questions to ask yourself before investing in an ICO

Three questions to ask yourself before investing in an ICO

What is the need for this technology, platform or industry to respond?

Three questions to ask yourself before invest in an ICO. There needs to be a clear need for accountability as well as a market for this solution, and ideally, a long-term perspective to achieve it.

Who makes up the team?

The success of a project is directly related to the success of the team and the team leadership in which the project operates. Try out the team, look for transparency, previous work experience and signs of emotional maturity.

Three questions to ask yourself before investing in an ICO

Listen to your inner voice: Ultimately everyone can research for hours, but smart investors will learn to trust their inner voice. If it sounds like a risky investment, it probably is.

About Sean Patterson

Check Also

KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu

Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society. Speaking at Korean Blockchain Week 2022 (KBW), the Hong Kong entrepreneur noted that we’re all “digital dependents” and “data is the resource of metrics” that bring value to platforms like Apple, Google, and Facebook, Sui said: “The most powerful companies in the world today are not energy companies or resource companies, they’re tech companies and they're not powerful because they make software. They're powerful because they control our data.”But unlike the Web2 platforms that we’ve become accustomed to, blockchain-based applications allow us to control that data and not be subject to “digital colonization”, said Sui, adding: “The powerful [thing about] Web3 is the fact that we can take ownership and we can make a big change with this because we have distributed and dec..

Leave a Reply

Your email address will not be published. Required fields are marked *