The ICO market is growing rapidly, as is the number of resources providing information about it. Many of the crypto-media offer users to pay attention to their ICO-ratings, and ratings are assigned not only to ICO-projects, but also blockchain-events, experts of the crypto-sphere, listings and other media resources.
Who is involved in compiling these ratings?
And more importantly, can we trust them?
Let's look at this question.
Can we trust ratings?
Many rating platforms offer investors to study the information on ICO on their resource before investing money. Some of these platforms already have a certain “prestige”, many crypto investors tend to trust such platforms unconditionally, which is extremely unwise, because many ICO projects are ready for drastic measures to obtain the highest rating - and these methods are not always fair.
Many already know that projects buy ratings, which is not the norm at all, but even worse is the fact that media resources offer this kind of “promotion”.
The first way to check the accuracy of the rating: pretend that you are a representative of ICO
A primitive but effective way to find out if the ratings provided by the platform are truthful is to pretend to be a representative of the ICO project and send an email asking what you can do to increase your rating on the platform. If this resource sells ratings, believe me, their "promotion offer" with a cost per rating will not keep you waiting.
2 method: research
Do not blindly believe ratings. Do your own research! This is not so difficult: find the social networks of the project, check their activity, specify information about the team and advisors, google, if there are articles or releases about the project in reliable media, compare ratings on different rating platforms.
If in one listing you see a low rating and a high level of risk, but in another, the project is rated as 10 / 10 - is it a reason to wonder if the second platform is selling ratings?
3 Tip: Team Of Analysts Extremely Important
Each ICO-rated platform should have its own team of professional analysts. They should provide information, what aspects they evaluate when preparing ratings, what they pay attention to during their research, and clearly explain what they are based on when evaluating the tokenomics of each project.
We conducted our own small research: we interviewed some crypto enthusiasts about how they choose projects to invest in, where they find information and how they decide whether a project is promising. Most reported that they rely not only on ratings of media resources and listings (although this is important, they noted), but they also check many other aspects before drawing a final conclusion.
Many investors believe that the best way to get information is the BitcoinTalk forum, where they can ask questions and get answers from the same crypto researchers.
Conclusion
Trusting ICO-rated platforms or not, it’s up to every investor. However, we recommend checking whether the ratings are fair on the resource. After you make sure that the ratings are fair, examine all other aspects of the project and make a decision based on your own review.
Be careful when choosing a project for investment, today the ICO market is not as transparent as we would like, and sometimes extremely confused.