Initial Coin Offering investing can be exciting, but investors need to be cautious about where they put their money. Not all of these projects are legitimate, and it's important to evaluate all the data before making a decision. Even projects with great teams and lots of capital can make poor decisions though.
That's why these are such risky investments but also why they offer such high rewards as well. Cointobuy.io offers investors the ability to gauge these investments based on several key metrics. It also builds an ICO rating that is taking into account all the metrics mentioned below:
This section refers to the popularity of a certain project within search engines. Obviously this is an important factor in determining how successful the team's marketing efforts are. If people are actively searching for information on a company then that's a good sign that they are interested in buying it. Keeping track of search trends data can be a great way to get in on a good investment.
Twitter is one of the biggest social media hubs for cryptocurrency projects, and the Twitter Citation panel lets you know how many people are talking about a particular ICO. This area pulls information from Twitter via API that tallies up mentions to help investors to better gauge the popularity of certain projects on social media channels. You can be sure that having stellar ratings here is a good thing, and it can help to determine the level of excitement investors have for a project.
This section refers to the niche that the particular ICO resides in. Not only is the section helpful for finding investments within a particular sector but also how successful they are. The metric here refers to the success of other ICOs who are crowd funding in that same niche. Investors could use this information to determine which areas are most interested in using the blockchain, and to help them identify other ICOs that may fit the bill.
An ICO is only as good as the team behind it. While great technology is important it takes many other things to be successful in this highly competitive market. This area evaluates the team behind each ICO featured on Cointobuy.io so you can easily choose an investment with strong backing. A great team will not only include members experienced in blockchain, but also in other areas like marketing, finance and legal expertise to get the behind the scenes work done to keep the project on track.
This area refers to users like you! Cointobuy.io allows for its users to vote and share their opinions on every investment featured on the platform. You can use this area to see how your fellow cryptocurrency enthusiasts feel about certain projects. While this area will be largely up to opinion, it's still a great way to judge the public sentiment surrounding a particular platform outside of the flowery marketing language and crowd sale hype.
Weighing the opinions and criticisms posed by others can help you to see an ICO investment more clearly and to make better decisions in the long run.