Forbes wrote an article entitled, 'Hollow ICOs: Five Ways to Tell If a Crypto Token Has Merit'…which focuses on five simple, but important questions:
- Who is the team?
- What is the problem the coin is solving?
- When was the token launched?
- Could the platform run on ether, without its own token?
- Is their GitHub repository credible?
I highly recommend reading this article…it is not long, but it is a good framework to use when deciding whether a project is viable / credible or not.
To be fair, these are all questions one should be asking when investing in any venture…not just the ones in the crypto world.
I interviewed the co-Founders of SmartPesa this year…Thorsten Neuman in March and more recently, in July, I spoke with the CEO, Barry Levett. These are two of the most intelligent and thoughtful people I have met in the Asia Blockchain and Crypto ecosystem. Definitely listen to the podcasts…
After reading the Forbes challenge, Barry wrote a response to the 'Five Questions' entitled 'Answering the Forbes Challenge'. I further recommend that you read that as well.