What is an Initial Coin Offering (ICO)?

  1. Research: Carrying out a detailed research about the project is a very good way to know if an ICO is worth investing in. The best way to know everything that is all to know about the ICO is the whitepaper. The Whitepaper must be extremely detailed that even a layman that is not involved in the cryptocurrency ecosystem must be able to make meaning out of it. If the Whitepaper is vague and contains grey areas, kindly take the baton and exit.
  2. Transparency of the team members: The developers of the ICO must not be anonymous, you must be able to place a face on the people handling the project. This is very important before investing your money into any ICO. Anybody can come up with a whitepaper or website and launch a token. The track record of the developer behind the project is extremely important. Is he/she a person of integrity? Questions like this are very important to help make a logical conclusion about investing in an ICO.
  3. Transparency of the project: it is logical to know what the money raised during ICO will be used for. The project and roadmap must be clear as crystal and must not have any form of opaquely. Do not invest unless there is a product or you can see clear signs of what the product can achieve.

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AFRIDEX Techlabs Ltd

AFRIDEX Techlabs Ltd

A Defi Blockchain Company, using decentralized solutions to revolutionize finance in Africa.

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