Top 30 Questions to Answer for ICO
Almost everyone stumbles upon terms such as ICO, blockchain, and cryptocurrency from time to time. Most people avoid these horrible terms and do some research. It is easy to expect distinction, but it is challenging to study for the same. We have compiled a list for studio readers who want to learn what to look out for in an ICO before investing in it.
This is the ultimate ICO checklist, specifically designed to help you evaluate an ICO project.
Can the project be explained in 60 seconds or less?
Are you deciding when the ICO will begin and end? What number of coins will you be selling during this phase?
Does the instruction for participating in ICOs as new investors clear?
Are you willing to offer discounts or incentives for early offer grabbers?
What are the minimum and maximum bars for the pre-sale/ICO caps?
What is your estimated conversion rate?
Is the source code available? Where can I find the source code for this project?
What type of token will you use to launch your crowdsales campaign?
Which are your competitors? Which countries are they located in?
How can you capitalize on your competitive advantage?
What is the time it takes to launch and implement marketing strategies
How many languages can you translate your whitepaper or advertising materials?
How big is your total market (TAM), and how large are your projected impressions of the share?
How many exchange platforms do you intend to be listed?
What is the background of the founders?
Which advisors and backend staff members are on your list? Are their credentials and track records public?
What are the potential and existing partners?
Does the roadmap for advisors, partners, and investors provide a clear path?
Are you able to conduct seminars, webinars, or award rewards?
Are you able to offer expert advice via Skype or chats?
Do you have any additional constraints or hidden costs?
What are the salaries of your bounty campaigners and employees?
What will you do with the money?
What tokens will you accept as payment? If they do, how will they be able to sell tokens on the market?
What are you going to do with the unsold tokens?
What type of expenses are you expecting?
Code of conduct
Are you a corporate entity or a non-corporate entity for your project?
Are you in compliance with the securities and exchange boards of your country?
What are social media links there to your official accounts on Facebook?
Do you have your web address and contact information?
These are only a few tips for ICO evaluation and ICO research. Many people have googled them. These tips can be used by investors to help them evaluate ICOs. Companies will find the checklist helpful for launching their own ICOs.
The success of an ICO depends on many factors, including proper planning, end-to-end ICO management, pitch-perfect advertising and marketing strategy, etc.