Only if the software is, or will be, available as open source, is an investment appropriate. The more other experts have worked on the same open-source code, the more valuable the project and the more secure the investment.
One white paper – many contributors
I know that sounds a bit strange because surely if there is only one white paper, there is only one code. That depends. In any case, there should be older codes by the initiator and the initiator should have worked on other crypto projects. If they have worked on other projects—or at least left helpful comments—you will be able to see these on GitHub. Basically, the more comments and so-called Forks and Commits, the more stable the code and the greater the chances of profit.
Another important indicator is the number of contributors to the project. Here, too, the rule stands; the more, the better. Up to a sensible upper limit, of course. If you’ve ever worked on a large group project, you’ll know that the proverb “too many cooks spoil the broth” can all too often be true.
Quality versus quantity matters
Ultimately, it is important to understand who is joining in and contributing. If you can see that several of the top people in the sector have been working on the project for a few years, you’ll know the blockchains and the crypto project’s code is going to be solid, which is a good investment signal.
However, you should not let yourself be deceived by so-called experts whose profiles on GitHub or other platforms claim that they have twenty years of experience as a professional developer and have worked for McDonald’s and Coca-Cola, or for Airbus and for the British monarchy. Even the evidence— usually links to purported references—are just a cheap trick and are often completely worthless. Judge people by quality work indicators. Real experts have submitted or commented on code lines, pointed out errors in codes, and generally been a helpful resource to the developer community. Anyone else is strictly for the birds and should be regarded as a hazard for investment.
It’s a lot of work, but it’s for your hard earned money
Wow! All of that seems to be a lot of work—and it really is! Everyone has to decide for themselves whether they are going to invest or participate in an unregulated game of chance. If you are investing large sums, you are definitely advised to make this effort. Remember; no miracles happen in the crypto world, but you can make extraordinary amounts of money if you have done your homework properly.
The rule described here is commonly known. Anyone who wants to make an ICO—especially those following unspoken motives—often try to hide their lack of competence by linking with experts, allegedly! So please beware and put the time into doing your due diligence before you part with your hard-earned money.
Hiding missing expertise through so-called experts or better yet a board of advisors will be discussed in our next update. Be aware that is one of the most often used trap and easy to detect if you know what to look for.
Cheers
Joe
Only information, not investment advice This course is not just about the opportunists and rip-off artists that lurk at every turn; it is also about the enormous opportunities that proper ICOs offers to investors. However, it must be stated categorically at this point that this course is only intended to explain and inform. The statements in this course are in no way intended as instructions or advice for investment, nor can they be construed as such. Any investment in an ICO and every purchase and sale of cryptocurrency is undertaken at your own very high risk, and should not be based on any of the statements presented in this course under any circumstances. Do your own due diligence in every instance before you participate in any transaction
