The altcoin space is booming with more than 200 Initial Coin Offerings listed here. These ICOs are looking for financial support from investors. Investors face the daunting task of trying to figure out which ICOs will be winners. (If you are new to ICOs, read our Beginner’s Guide to Initial Coin Offerings.)
This article provides tips on doing due diligence to find a legitimate ICO with a solid business plan and a market that is hungry to adopt and support its coin. With any ICO, the worst case scenario is losing 100 percent of your investment. The best case scenario is that the coin doubles, triples, or even climbs 60,000 percent like Ethereum.
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