Top 30 Questions to Answer for ICO
Almost everyone stumbles on terms like ICO, blockchain and cryptocurrency every now and then. What most of them do is run away from these horrendous terms, some research and study them carefully. Expecting distinction is easy but studying for the same is the challenge. For those studios readers, who wish to know what to look for in an Upcoming ICOS and carefully evaluate & choose them, we present a list of questions to ask before launching/investing in any ICO.
Here is the ultimate ICO checklist specially designed with the WHYs, WHATs, WHENs, HOWs, Ifs and BUTs in evaluating an ICO project:
Is the project explainable in less than 60 seconds?
Have you decided the ICO start and end date? How many coins will be sold during this phase?
Is the instruction set clear for participating in Ended ICOS for new investors?
Will you offer any discount or incentives to early offer grabbers?
What is the minimum and maximum bar of the pre-sale/ICO cap set?
How much is your approximate conversion rate?
Is the project open source? Where to find the source code?
What is the type of your token and what will be its sole purpose of launching it thorough crowdsales?
Who are your competitors? Where are they located and what is their target market?
What is your competitive advantage and how you go ahead with the same?
How long will it take to launch and implement marketing strategies?
In how many languages will you provide your whitepaper and advertising initiatives?
What is your total addressable market (TAM) and what will be your estimated impressions in the share?
On how many exchange platforms will you plan to get listed on?