Initial Coin Offerings (ICOs) have emerged as a popular means for startups to raise funds in the cryptocurrency space. However, as with any investment, the potential for high returns comes with risks – some projects may underdeliver or, at times, be outright scams. This makes conducting thorough due diligence on ICOs imperative. This article will guide investors on why due diligence is vital in ICO investments and how it can be conducted effectively.
Understanding ICOs
ICOs are akin to initial public offerings (IPOs) but in the digital asset space. A project...
Initial Coin Offerings (ICOs) have emerged as a popular means for startups to raise funds in the cryptocurrency space. However, as with any investment,...