ICOs are a dime a dozen and many are simply put, scams. However, there are still great opportunities out there for those willing to do the research.
ICOs, or initial coin offerings, are now old news. Just months ago, the novelty of crowdfunding via the blockchain and a booming cryptocurrency market was enough to attract new investors, but things have changed. Previously, startups with little to offer the marketplace but a decentralized spin on an old concept could generate millions of dollars in minutes, but investors are now intensifying their scrutiny. Their motivation used to be quick profit, though as markets wise up to new trends, they must invest (and not speculate) based on merit.
Anyone can write a white paper, generate a smart contract and publish their wallet address. Would-be investors must now all but ignore the blockchain aspect of a potential investment, and instead look at factors like the team, product, and timeline – like they did before ICOs were even an option. However, there are still great opportunities out there for those willing to do research.
