Initial Coin Offering or ICOs for short are gaining a lot of traction due to huge return in investment in a short period of time (3000%+ in some cases). And when the good rises, bad rises too with it as well. ICOs have become a perfect playground for scammers.
There are currently 7800+ ICOs being offered in the market with only 200 of them being verified. What about the rest 7600 then? It is important that you do your own research about a coin/token rather than just following media or crypto groups. Down below you will find some tips on verifying an authencity of a coin.
This guide will give you some of the best practices used by me and other successful investors in verifying the legitimacy of a coin.
I hope you will follow these tips. Remember always do your own research before investing on a coin/token and do not just blindly follow whatever people say. Stay safe and happy investing.
For more tip, tricks and news, please follow me on Twitter. If you want my help in crypto & ICO invesment ping me on Twitter.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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