Participation in ICO is one of the most popular ways to invest in cryptocurrency. Sometimes it is the most profitable. During the crowdsale, you can profitably buy coins, which, after entering the cryptocurrency exchange, will rise sharply in price. However, how to organize an effective search of ICO for investment? Where does an ordinary investor look for really good projects? We will describe in this article!
ICO search for investment: is it difficult to find promising projects?
That is, an ordinary investor is faced with the fact that there are too many projects and there is extremely little time to study them. Therefore, a well-thought-out ICO search strategy is indispensable.
ICO search for investment: investment pools
Participation in ICO pools is a convenient option for investors who want to join the top ICO, but can not do it alone. For example, they do not have enough money for a contribution or they do not have the opportunity (or desire) to go through the KYC procedure.
The investment pool is managed by one or more administrators. They not only get their percentage of pool profits, but are also responsible for choosing the ICO for collective investment.
Having joined this pool, the investor can only monitor the internal news and decide whether he wants to participate in the projects proposed by the administration.
ICO Search for Investments: Internet Surfing and Thematic Forums
Despite the fact that many search engines have cut off advertising cryptocurrency and ICO, you can find the necessary information in the Internet. Moreover, most novice investors are looking for an ICO this way. For example, they type “promising ICO” in the search box and hope to catch a successful project in one of the search results.
You can also search for ICO in social networks and instant messengers like Telegram. Investors subscribe to thematic channels and wait for attractive offers in the news.
In addition, experts say that the organizers of the truly promising ICO either focus on a carefully selected narrow circle of investors (such as ICO Telegram) or place advertisements for investors on rating sites and their own websites.
Quite another thing is thematic forums, for example, www.bitcointalk.org. Developers make publications about their projects in the ICO section, write down the details of the crowdsale, and answer user questions. Newbies in such forums can learn the opinion of more experienced investors and even independently find good projects with a minimum threshold of entry.
ICO search for investment: specialized ICO trackers
ICO trackers are aggregator sites that collect data on popular ICOs: completed, current and upcoming
Information about ICOs that have already ended gives an opportunity to analyze which projects turned out to be the most successful, and which failed. Using this data, the investor can create for himself the criteria for choosing ICO, in which there is a sense to participate.
The list of current ICOs contains data on projects in which a crowdsale has already started. True, the investor may face a situation where interesting ICOs have gathered the necessary number of participants and do not accept new applications. However, there is still a chance to catch a promising project, which you can still join.
The most interesting for investors are future ICOs. On ICO trackers, you can find detailed information about upcoming projects and choose a good object for investment.
Most trackers also mark ICOs in terms of risk for investors. The following ICO classification with low, medium and high investment risk is most commonly used.
Some ICO trackers provide even more detailed information about projects. For clarity, we consider several popular aggregators that will be most convenient for ordinary investors.
Those who speak English poorly should take a closer look at Russian-language resources like www.icotime.ru or foreign aggregators with the possibility of choosing the Russian language (for example, www.foundico.com).
Unfortunately, not all investors understand why to monitor trackers, if all the information about the project, developers and distribution of tokens can be read on the official ICO website.
In addition, some trackers set their own ICO ratings and constitute ratings of the most promising projects. They are also called rating agencies, although this term has another meaning.
In addition to the sites that provide data on ICO in the form of a rating, entire companies specializing in evaluating cryptocurrency start-ups have appeared. They are also called rating agencies.
In addition, they can work with individual customers (for example, an investor contacts them to select a suitable ICO) or upon the request of the ICO organizers themselves (when they ask to evaluate their project and include it in their rating).
ICO investment search: rating agencies
At first glance, rating agencies are more convenient than ordinary ICO trackers. After all, the investor receives not just information about the project, but also his expert assessment on specific parameters. However, everything is not so simple.
Often, the estimates of different agencies are radically different, which confuses inexperienced investors. For example, studying ICO Dogezer (which was not very successful), ICOrating, ICO4YOU and TokenTops gave the project the highest rating. The agency ICOscoring accrued to him a little more than half of the maximum possible points. There are plenty of such examples.
If you become a member of the pool, you do not need to look for an ICO yourself. However, to check the projects proposed by the administration is still worth it. At a minimum, they can be “punched” on thematic forums and ICO trackers.
Cons you work with the proposed investment objects and do not always see the full picture on the ICO market. Most of the top pools work as closed groups, and it is very difficult for a beginner to get into them.
It is important that many private pools give new members access to the news feed and chat. Even if you are not able to participate in the ICO along with the pool, then at least you will learn about the top projects selected by the administration.
You can trust the well-known rating agency and build your cryptocurrency portfolio in accordance with its recommendations. Ideally, they should also be checked on ICO trackers and forums.
Experts advise to choose 2-3 top trackers and monitor ICO appearing on them. If the trackers submitted expert assessments and reviews, you can not even read the forums.
The disadvantages for a newbie are difficult to navigate among the hundreds of offers; you have no guarantee that you will have time to join a promising project (only investment pools can give it).