1. Conduct your own research. Do not invest in an ICO just because someone else is telling you to or because of hype around the project. You should spend significant time reading the white paper, understanding the project, and performing due diligence to make sure it is legit.
2. Choose a reliable blockchain platform to invest in. Make sure the platform has strong security measures in place and a good track record.
3. Carefully read the terms of the ICO. Look over the details such as the total token supply, when tokens are distributed, and how long the sale will last.
4. Protect yourself by avoiding ICO scams. Be sure to look out for red flags such as unrealistic returns, no clear explanation of the product or service, and a lack of transparency in the team and founders.
5. Purchase tokens. Once you’ve found a project that you believe in, you can buy tokens during the ICO stage. Many projects only accept Bitcoin, Ethereum, or other cryptocurrencies, so be sure to transfer these funds to the ICO platform beforehand.
6. Monitor your investment. After the ICO has ended, you should continue to monitor the project and tokens to see how well they are doing. This will help you decide if you should sell them or hold on to them for the long run.