How to spot a good ICO: red flags to look out for

ICO (Initial Coin Offering) is a form of crowdfunding used by cryptocurrency startups to raise money for their projects.

Lack of a clear roadmap: A good ICO should have a well-defined roadmap that outlines the project's objectives, timeline and milestones.

Vague whitepaper: The whitepaper is the document that outlines the technology, use case, and business plan of the project.

Lack of transparency: Transparency is crucial for any good ICO. If the project team is not transparent about their identity, backgrounds and experiences, this is a red flag.

Unrealistic promises: If an ICO promises that their project will make investors rich overnight, this is a clear red flag. No legitimate project can make such promises.

Plagiarized content: If the project's website, whitepaper, or other materials are plagiarized from other sources, this is a clear warning.

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