Becoming a Community Member
Last week we looked at MVPs. This week I want to talk about how getting properly involved in the ICO/Project’s community (usually via the Telegram App), is a great way to get a sense of the team and their chances of success.
Many amateur ICO investors / participants have fallen into the trap of getting caught up in the hype of an ICO project, only to find out at their great loss, that literally ALL the project had, was the hype.
You can view as many ICO reviews, ICO scores, ICO listings as you wish, but until you really get under the hood of a project, truly participate in the community, engage in real conversation with the team, you can never be sure of what and whom you are dealing with and taking potential risks on.
The wonderful thing about ICO projects is how accessible the Founders can (should) be, usually via the Telegram App, and the project’s official chat group. I would encourage you to join the chat group of any ICO you are looking to participate in, and really get to know the team. Ask intelligent questions, and you will (should!) get into meaningful and intelligent conversations about it. Make suggestions, and they will (should!) be listened to and perhaps even implemented (ICO teams can be incredibly responsive to their communities and even rely on them for market-testing and research).
You are looking for a truly engaged community. If all you see if SPAM, questions about airdrops, and bounties, and never any real debate or conversation, then be very worried about that project and the shallow nature of it’s community.
You will know instinctively, if you go through this process, what kind of chance of success these people / product / community will have in the ICO market, and can base your participation / contributions on a much deeper level of understanding of the risks than any ICO review website could ever give you.
