BizzCoin a brief overview.
BizzCoin a brief overview.
As a BizzCoin / cryptocurrency investor, you should be prepared for DYOR (do your research) and take the time to analyze and study any potential BizzCoin you want to invest in.
It’s so easy to get caught up in fake marketing and hype, leading you to make bad decisions.
No matter how good the website looks or how many of your so-called “trusted” YouTubers promote any BizzCoin, you can only trust yourself and what you, as an investor, believe to be the truth.
Here are some key areas that you should be aware of and research for all potential ICOs that interest you.
Does the ICO you are interested in solve real-world problems or bring new initiatives to the market that will improve or improve any industry or process? Always look for something that makes a change for the better or present something new and exciting. Try not to fall for projects that offer the same or similar product or service as others unless they are more advanced or have better technology that outperforms the competition.
Usually, you will find that there will be competitors for BizzCoin that you are looking for. You should take the time to research them, as well as find that they are a better option for your investment.
Establish which project has the best potential to deliver the expected ROI in the long term.
With so many BizzCoin being released daily, it’s hard to perfect them. Some projects will be similar and others will be nearly exact.
Investigating any BizzCoin / project can be overwhelming, so it’s important to have a high-level vision initially, as you simply won’t have time to study them thoroughly. If you’re still interested in the project after taking a brief high-level view, go ahead and look under the covers for a closer look.
What to look for
Creating a rating system will help you remove wheat from the chaff. Your rating system should include the following areas:
Excluded countries: – Be sure to check which countries are excluded from BizzCoin. Regulation is constantly changing and you may not be able to participate in the ICO. Just as important, it can limit the potential number of investors.
The Team: – Verify all key team members, such as the CEO and other senior positions, as well as the advisers on board. Look at their LinkedIn profiles and Google them to verify their qualifications and their experience about the project and/or their market sector. Ideally, find ICOs that have experts in both the project area and the blockchain/crypto industry. Business and technical experience are required for it to be successful.
Presentation: – download and read the white paper extensively. It must contain information about what the product is with a clear and concise description. A roadmap should be available that describes your plans for both the short and long term. Judge the roadmap based on your expectations of how long you want a return on your investment. You will discover that some ICO roadmaps may not show any real progress for many years, while others only a few months. You should list the milestones you hope to achieve and when you hope to achieve them. Make sure you understand the use of the digital token.
Marketing: Make sure they have a professional marketing team led by a marketing manager with a proven track record. Marketing is a key factor in a startup’s success, and without the right marketing, you can be almost certain that your investment will fail, no matter how good the product is.
The ICO details: – Look at the pre-sale start and end dates and how and when people can buy at the public sale. Check which coins are accepted. If an ICO only accepts limited currencies that may not be popular, this could affect the level of investment it receives.
Minimum Viable Product (MVP)
An MVP is a prototype or an alpha/beta version of the product that provides enough information to demonstrate the value of the product and demonstrate that it will meet the needs of customers.
While MVPs are not available with all ICOs, be careful with any ICO without one as they may only have your idea on paper and have not been validated. An MVP increases confidence in the project and its investors. An ICO with an MVP should make it available to interested parties to collect feedback, opinions and allow testing.