Saturday, 15 June 2019

What are the Investment Opportunities for ICO Companies?

 


       Cryptocurrency ICOs are profitable and provides you to make lots of money only if you know what you are doing. But, If you don't know what you are doing, then you will lose money. The website ICO drops collect the information about all kinds of cryptocurrency and statistics of ICO. For ex, The ICO drops website like Zilliqa and ontology provides information about what kind of gains or profits you made by investing in these companies. You can learn from the website that they have raised $22M and if you invested the amount, you would be made 6.25X USD or 10.89X ETH or 11.80X BTC from the initial investment(Returns) etc., Also, this is not an end, the cryptocurrency keeps on growing. Similarly, the ontology sales end on 8th jan'18. The initial investment grows up to 7.15X USD or 33.49X ETH or 14.05X BTC. So, if you find the right ICO, you can make the tons of profit during the Bull Market in coinmarketcap.

Cryptocurrency ICO for Investor: You can store your cryptocurrency in 2 ways like exchanges and private wallets. But, if you want to invest in ICO, you need a private wallet.The cryptocurrency exchanges give your money to somebody (ex, bank). But, there is a risk that you lose money and there are no 100% guarantee that you will get it back due to hacking, bankruptcy etc., The private wallets has more security and take care of your own money that can not be hacked by the hackers. But, if they get the private keys, they can take your money. It is the password that you should keep it for your wallets. There are different wallets options available like hardware wallet(Trezor, Ledger Nano S) that are more secure. Also, there are paperwallet(eg, myetherwallet), mobile wallet(eg, copay, jaxx) and desktop wallet(eg, exodus) etc.,
      Lets look to participate in ICO. Open the ICO company where you would like to participate(ex, plentix.io) and look at the team and advisors about their knowledge in blockchain industry, marketing, professionals, etc., Once you agree and support the project of that company, you can click on private sales or join the whitelist. After you signup, they will send you the confirmation email, then confirm the account to sign in to the website. Now, you can go to the dashboard and check out for early bonuses and buy the tokens with ether over the dashboard with your MEW address. In MEW, you can send ether to that ICO company. Then, you can claim your ICO tokens from the dashboard. Also, it is important to follow the instructions of the company while purchasing the tokens.
    Once, you participated in ICO, you must get regular update about the project with social media channels like facebook, twitter, telegram, linkedIn etc., If you have invested the money, you should know what is happening on the project. It is important to join the community that is good for you to ask any question in the telegram channel and share in the facebook if it is worthwhile project. Another important thing is the Roadmap. All the cryptocurrency project follow the roadmap and deliver the project on time. It includes how they are communicating to community like open, transparent, and provides information etc., These are the questions to be analyzed when you put the money in cryptocurrency companies.

Criteria for Best ICOs: Here are the criteria for defining and finding the best ICO companies in the long term,
1. Mission and End Goal : It is the primary thing to define the company by answering the following questions
     * What are they trying to achieve?
     * Why do we need this product/solution?
     * What is the primary problem that they are trying to solve?
     * Will it bring extra value to the marketplace and how does it provide extra value?
To achieve these things, the cryptocurrency companies provide the easier payment method and creating the bank( eg, Binance, Bankera, Kucoin etc) with cryptocurrencies. Normally, the traditional banks does not support cryptocurrency.
2. Determining the Long-Term Results : It mainly to look the team of the company about the leaders who have strong experience in industry and achieved good track record and results. Are the advisors have good reputation and experience?  If they have an experience, they will succeed in the area of Marketing, Operational, Programming when they develop new things.
3. Need of Blockchain & Token: Blockchain is the distributed database that can allow transactions between entities that don't need to trust each other or rely on central authority. It is also the public ledger that records all transactions. When you are starting cryptocurrency ICO, you should always ask that is there a real need for a blockchain in this specific situation? Why do they need tokens or coins and the value of the coin?
4. Guaranteed Short Term Gains: When the cryptocurrency ICO have huge hype around the ICO,  there are lots of community members and influencer are talking about it sold out. When the hard cap is reached, the price will go up when it goes to the exchange. Now, you will make short term gains. The people start rushing to ICO when the influencers mention that ICO and it gives the huge peak at the price and falls significantly afterwards. So, keep in mind the following,
    * Hype lasts for short term
    * Cryptocurrency influencers are paid for the promotions
    * Invest only in worthwhile projects.
It is not worth to invest the project does not have the long term value. 
5. Quality of Work They Have:  It can be determined by their company website. Also, you can check out the following,
   * Do they have thorough and comprehensive whitepaper?
   * How promptly do they respond to the community questions?
   * Do they communicate openly with the investors?
These things that you can find out in the channels of twitter, telegram, youtube, website and how they delivering the messages etc., If the website is good and have answer for the questions are good sign of the project.
6. Research their Work: It is important to check the github activity of the project. Cryptocurrency projects have often open source code and piece of the code reflects the attitude of the developer. They should be able to answer the questions if they don't have a github activity. Also, you should be careful about hard to read and sloppy code.
7. Token Distribution and Funds: Pay attention to what kind of token distribution does the company have, how does the company use funds that they collected and how many token in total and price? Usually, the tokens with lower price are interesting for the people to buy it.
     
Strategies in ICO:  There are strategies that will help you to make profit in ICOs like,
   1.  Profit with Presales or Early ICO Bonuses - The cryptocurrency companies offers bonuses to people who invested earlier. It is presale where they provide bonuses of 5%, 10% , sometimes 50% bonuses for early investors. During ICO, the price of the token will be expensive than during Pre-ICO sales. The people who invested in Pre-ICO will make a pretty good profit than the people invested just during ICO. So, it is important to check on the white paper of your ICO company about  pre-sale and during ICO price. ICObench provides information about upcoming ICOs and you can filter the bonus available, MVP available, rating etc., Of course, you need to consider the ethereum price that goes up and down.
2.  Profit with Capital Gains - It has short term and long term strategies. For ex, If you buy the tokens in the ICO for $0.01 and you can sell the tokens in the exchange for $0.02 after the ICO. It means that you doubled your money. CoinMarketcap provides real-time data for all the cryptocurrencies with the marketcap. It is interesting to see the price goes up that depends on the theme and several factors. This is a short-term strategy.
     In the long term strategy, you have the potential for biggest gains like 10X, 100X. The bitcoin, ethereum are the popular cryptocurrencies market cap to invest for the long term. You can make huge profits or lose money in the long term.
3. Make Dividends by Holding the Cryptocurrencies - Using dividends, you can cash flow the cryptocurrencies. The cryptocurrency exchanges provide the dividend for token holders. For ex, Bankera is the cryptocurrency bank, kucoin is the cryptocurrency exchanges are created their own cryptocurrencies and share the revenue to the token holders. You can also make passive money by having MasterNotes which means when you own a certain amount of coins/tokens, you can get a reward.  For ex, the biggest cryptocurrency of Dash supports the masternotes. Normally, the whitepaper describes the revenue share paid to token holder at each week.
4. Recommending the Project to Friends and Followers - The cryptocurrency ICO companies provide 5% referral bonus for all investors you refer. For ex, If your friend to invest $1000 through your link and you get $50 bonus. Sometimes, your friend also gets $50 bonus.
5. Make Money Through Airdrops - It means the cryptocurrency companies share free tokens to market their project. What you need to do to receive the token is to hold the tokens in your wallet. It depends on the company that tells the rules to follow and you can participate on Airdrops. Some companies do the Airdrop by like or share their company's Twitter page and Facebook page or subscribe to the Youtube channel.  Basically, it is a little bit of marketing strategy for the company.

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