WISE: How to choose the right #ICO startup, @network_wise
January 21, 2019 (Investorideas.com Newswire) If you're in this business or plan to invest on it, there are plenty ICOs (Initial Coin Offerings) out trying to get the best out of you. Every single one of them promises huge returns over investment as well as perks for being a part of their initiative. But beware, since most of this start ups fail or end up being scams. You have to be able to distinguish which of these fit with want you want from the bitcoin industry, and look as solid and secure as you want them to be.
The issue is to know how.
Rest assured of course that all cryptocurrencies and the very Etherium platform, is basically an experimental mechanism. A vast majority of ICOs are reliant on Ethereum, meaning that every ICO is a venture, an experimental business. It then becomes an experiment on top of an experiment.
Start obtaining as much information about the project and its goals as possible. Those will describe the team and its relevant experience, the idea and the roadmap of its execution, approximate goals and means of reaching them, and so forth. Every ICO startup will provide you of a white paper and a website. Those two should give you an idea of the businesses direction, goals, expertise, meanings of reaching them, roadmaps and team.
Since it's an "Offering" you won't be seeing a finished product right away. Think of it as a "Kickstarter" project, you need to raise enough funds so your project can reach the goal of actual production.
It will sound to you like "Here is your chance to make a lot of money, invest in us so the idea comes to fruition". You will meticulously analyze the risks of funding this startup and guess correctly, then the investment might come back to you doubled, tripled or even more. Decide to take the chance or not.
Integral to ICOs are the coins or tokens themselves. Aside from functioning as the form of security (similar to stocks in traditional investments or initial public offerings), these coins often have other functions with the platform or ecosystem.
Find everything you can about the development team, check all community and media, check stage of the project and VC-investors, read the ANN thread on BitcoinTalk, read the white paper several times, analyze it and learn from Venture Capital investors.
For example:
WISE Network is a new ICO, an innovative developer of analog mixed-signal, system-on-a-chip who created an ecosystem that enables a universe of applications on IoT and mobile devices using distributed ledger technology while backed by integrated-circuit-product-development. You can tap into their ecosystem by acquiring these ERC 20 tokens.
WISE sounds really ambitious and solid for a start up, Deloitte is evaluating them and Rainier AG has already welcomed it under its wings. Read their white paper at www.wise.cr and learn more about it.
The point is that this is a young ICO with a good rating and credentials so far. Does it suit your needs? Is this the kind of assets and added value/perks you look for in an ICO?. Go and solve this one yourself. Call it a test or the greatest opportunity in the market right now. But go and apply this advise.
Remember the Golden Rule when you decide on WISE, don't invest more than you can afford to lose. Good luck choosing it.
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