The way to choose the most promising and reliable ICO project was already described in the articles: "How to choose an ICO project?" and "ICO for Dummies. How not to lose your funds and perhaps make money?". In these articles you can also find information on how to identify deliberately fraudulent ICOs. And in this publication we want to focus on the main components of each ICO which constitute basic elements in forming overall project’s rating.
If you are going to invest in an ICO, first of all be reasonable with your expectations. According to the latest data, in 2018 76% of ICOs held have brought only losses to their investors. Some of these projects turned out to be just scams, others were not able to offer successful tokenomics to the market or simply overestimated their technical or organizational capabilities. Risk of suffering losses in an ICO industry is very high now. If you want to know how to weed out deliberately fraudulent projects and select the most promising from bona fide ICOs, read our article "How to choose an ICO project".
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How to choose the right ICO project for investment which will bring income or at least will return invested funds? How to identify a fraudulent ICO? How to understand which of the ICOs you are interested in are the most promising? Everyone is asking these questions when they want to invest in an ICO - economy sector that can make you either a millionaire or leave you without a penny in your pocket. Similarly to all revolutionary economic phenomena, ICO is not regulated yet, and only you can guarantee safety of your investments.
The year 2017 has been given an unofficial status - "The year of cryptocurrencies and ICO". Both of them demonstrated a staggering growth of capitalization. Popularity of cryptocurrencies and ICO projects has become a global phenomenon. It has seduced investors to recoup shortly their investments in hundreds or thousands times or at least to gain an exclusive access to latest technologies and developments promoted by ICO projects.
Our vision of ICO industry development will be briefly drafted in this article. The main question to be answered: why role of ICO’s expertise is growing?
As you learn how to manage transactions, you will learn how to manage the world…
Today, we are witnessing how things are transformed into digital functionality. Nowadays we are already buying not simply an aircraft engines, but guaranteed functionality with maintaining service of this functionality in a certain period which is included in price. Moreover, we don’t pay for engine as a whole thing at one time - we rent its functionality and constantly pay for engine while it works.
Transaction’s digitalization and Digital revolution
Certainly, blockchain has made revolution in business relations. Below are some facts as a prove of it:
Transaction and resource
Ronald Coase defines the nature of firm through two elements - resource and transaction. Resource is a source of the function of this resource (i.e. food satisfies hunger- it is its function). Connection of the resource with other resources is ensured by transactions.
On the RocketICO platform business projects and startups attract funding through rounds. A team can go to the next round only if it fulfills the goals it declared. This ensures that all weak and scam projects are discarded thus reducing backers' risks and giving them an opportunity to contribute at certain stages of projects’ development.