Icobeez.com is an independently curated catalog of the most promising active and upcoming Initial Coin Offerings (ICO’s). Our picks demonstrate real potential across their whitepapers, teams, roadmaps, responsiveness to inquiries and more.
We help our readers assess risk by systematically reviewing the actual teams behind offerings, using structured criteria. Our analysts look into the backgrounds of team members, especially ones with prior business and ICO experience.
Naturally, we scrutinize the technology and available codebase, as well as project maturity and progress. Furthermore, we utilize industry leading advisers and aggregate data sources to further evaluate the core components of what makes a successful project before, during, and after the token sale. Some of the elements we cover include: The technology, viability of the idea, hype, potential risks, as well as the members in the team, advisory board and notable partnerships.
Transparency is a key factor in our reviews, including responsiveness to our inquiries about the projects we examine. We do evaluate marketing efforts, as well as social media and community engagement. However, skill, flashiness and buzz in presentation videos, and such, weigh less than willingness to be forthcoming, about what we previously pointed out as key factors in the beginning of this article.
An ICO (Initial Coin Offering or Token Sale) is a type of fundraising where in exchange for money (Bitcoin, Ethereum or fiat money) investors receive tokens (coins). Projects that launch an ICO promise an investor that tokens will have value and can be used after the ICO.
ICO Presale or also known as Pre-ICO, is the token sale event that Blockchain enterprises run before the official crowdsale or ICO campaign goes live. The fund-raising targets for Pre-ICOs are often lower as compared to that of the main ICO and tokens are usually sold cheaper.
For the purposes of prudence, Pre-ICOs ideally make use of separate smart contracts from the main ICO event – This is informed by the need to avoid a mixture of Pre-ICO funds with the main ICO to enable proper and easy account reconciliation and audit.
Some projects run Pre-ICOs as a way to accrue funds to cater for the expenses incurred on the way to launching the main ICO. Some of the expenses include paid promo ads, strategic recruitment and meet-up costs to help whip up investor interests.
Bounty program is essentially incentivized reward mechanisms offered by companies to individuals. What this means is that a company introducing a product or a service offers some rewards to people in exchange for performing certain tasks. It is akin to a barter trade of sorts; the company gives rewards to a person and the person in return does some simple tasks for the company. It is a veritable means of advertising for many companies.