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What Can We Learn From the Highest ICO ROIs of 2018?
Investing in cryptocurrencies can be a formidable task. This is especially the case in the modern world where it has been reported that one in two ICOs failed in the 2nd quarter of 2018. It is important to carry out research on successful ICOs, their ROI and the reasons why they have succeeded.
The infographic below shows some of the most successful ICOs 2018 had to offer:
Infographic source: https://icowatchlist.com
A few key things we can learn from these ICOs include:
Private Sales
Private sales—also referred to as ‘private placement ICOs’—are a key factor in the success of the above ICOs; an option that is a key leveraging tool for successful ICOs as they are able to offer investment opportunities to specialized investors. These accredited investors typically have a net worth of over $1million and can invest large sums in the ICO.
Private sales are beneficial for both the investor and the ICO, with such investors receiving special options and bonuses; as a result, the ICO acquires funding to scale up activities, which ultimately accelerates success.
Community Engagement Activities
The community will deem as to whether an ICO is successful, or not, by how a project team presents itself and engages with the community. The majority of successful ICOs engage in interactive sessions on Telegram and activities like AMA (Ask Me Anything), and on platforms such as Reddit and Bitcointalk.
Similarly, participating in these activities allows them to build trust through greater transparency on spending and the progress of the project.
Detailed ICO Whitepapers
A white paper is a technical document that helps readers make informed decisions on whether to invest in a project. A successful ICO has a detailed and persuasive white paper which has the intention of engaging the reader and convincing them to invest. The white paper should be carefully prepared before being made public—this is a key tool for successful ICOs.
References
https://icorating.com/ico_market_research_q1_2018_icorating.pdf
https://www.investopedia.com/terms/a/accreditedinvestor.asp
https://bitcoinist.com/4-founders-secrets-successful-icos