Before taking part in an IEO, it is essential that you do extensive research on the specific IEO and then decides whether or not to participate in the IEO.
In-Depth Research
Take a thorough glance on the project and understand its outcomes. Review the social media sites of the exchange platform and the project to get more info on them. Make sure you get the answers for the following questions - What is the project about? What problems will it solve? Is the exchange platform reliable?
In addition, it is also vital to get to know about the project team. A project team that has abundant knowledge & experience on the blockchain technology and cryptocurrencies is always preferred.
Documentation and Development
Check how far the project team has reached into the development process, prior to the IEO launch. Generally, the team can either hold a prototype or show only the progress. If they have a product handy, then their level of confidence increases among the participants. Along with that, it is obligatory that the project has a specific website and a whitepaper that explains the entire cycle.
Exchange Platforms
Get to know about the exchanges that are going to offer the IEO. There may be more than one exchange involved in the IEO launch and that relies on the project team. The investors investing in the project will have to create an account on the exchange platform if they don’t own one. This account creation phase requires complete registration, including KYC and Anti-Money Laundering process.
Mode of Payment
Another factor to consider is what form of payment does the project team accepts. There are a lot of digital currencies in the market, yet only countable ones are safe and reliable. It will be good if the project accepts Bitcoin or other popular altcoins.
Is It Feasible For You To Participate?
Finally, you need to ensure that your country allows participation in an IEO. There are countries that have prohibited its nationalities from involving in an IEO due to restrictions and certain regulations. If you reside in one such country, then you’ll be unable to invest in an upcoming IEO.
For more information please visit: http://bit.ly/2JOAJHf
live chat https://lc.chat/now/10480532/
Telegram link https://t.me/blockchainfirm
In-Depth Research
Take a thorough glance on the project and understand its outcomes. Review the social media sites of the exchange platform and the project to get more info on them. Make sure you get the answers for the following questions - What is the project about? What problems will it solve? Is the exchange platform reliable?
In addition, it is also vital to get to know about the project team. A project team that has abundant knowledge & experience on the blockchain technology and cryptocurrencies is always preferred.
Documentation and Development
Check how far the project team has reached into the development process, prior to the IEO launch. Generally, the team can either hold a prototype or show only the progress. If they have a product handy, then their level of confidence increases among the participants. Along with that, it is obligatory that the project has a specific website and a whitepaper that explains the entire cycle.
Exchange Platforms
Get to know about the exchanges that are going to offer the IEO. There may be more than one exchange involved in the IEO launch and that relies on the project team. The investors investing in the project will have to create an account on the exchange platform if they don’t own one. This account creation phase requires complete registration, including KYC and Anti-Money Laundering process.
Mode of Payment
Another factor to consider is what form of payment does the project team accepts. There are a lot of digital currencies in the market, yet only countable ones are safe and reliable. It will be good if the project accepts Bitcoin or other popular altcoins.
Is It Feasible For You To Participate?
Finally, you need to ensure that your country allows participation in an IEO. There are countries that have prohibited its nationalities from involving in an IEO due to restrictions and certain regulations. If you reside in one such country, then you’ll be unable to invest in an upcoming IEO.
For more information please visit: http://bit.ly/2JOAJHf
live chat https://lc.chat/now/10480532/
Telegram link https://t.me/blockchainfirm
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