Two questions seem to go together: where do I find out about Initial Coin Offerings (ICOs) and how do I know which ones to invest in?
I cover the first one in Finding ICOs.
Which ones to invest in is a harder one to answer. You should of course do a lot of your own research to establish whether you like what the project does and offers to the extent that you are happy to invest some real money into it.
However, there are just so many ICOs kicking off these days that there probably really isn’t time to investigate them all – you probably have a day job to hold down until those coins take you to the moon, right?
So it is good to have some filtering in place. If you want to do all your own research then you can limit it to projects that cover areas you have some knowledge in. Alternatively you can use review sites to narrow your search. Here are the ones I use, make sure you read their process of evaluation so you understand what you are looking at.
|Analysis by Victor Lai of selected ICOs. Provides a simple rating simple for both flipping and long term potential. You can download a do it yourself ICO analysis sheet.|
|Well categorised list let’s you select the type of projects you’re interested in. Provides a top line score for each reviewed ICO scaled 1 – 5.|
|A very straightforward list with links to an ICOs twitter, facebook, website et al. Shows all the top line info you need as well as a simple rating system (high/medium/low) for risk, hype and investment potential. There is an overall rating for ICOs that have been assessed more deeply.|
|Smith + Crown|
|Simple list but contains a quick look at the attributes of the ICO such as whether the raise amount is auditable, it has detailed founder identities, whether it is closed to US citizens and others.|
|Unbiased ICO Ratings|
|Provides a score out of 10. Unbiased ICO Reviews is operated by Zirra.|