It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.
Another up and coming ICO is one that goes by the name of Abyss which is a really attractive name. One has got to remember that in the world of ICOs it is the little things that matter. The name also ties in with what they want to do as a business which is gaming on the blockchain. They want to build equipped currency incentivization platform for gamers and developers. There’s just one problem they have got. When it comes to the world of gaming they have got many competitors such as First Blood and One X and that is excluding the big giants like Steam in a blockchain space so I think this kind of market niche will be pretty hard to break into for them.
Moreover, it has a very very high hard cap which is the reason some investors may swerve away from them when it comes to the token economics although the bonuses they are offering are not too bad. On the other hand, when it comes to the positives there is clearly a very clear use case for the Abyss token. It is linked with in-app purchases which is a very legitimate project but this is definitely not something to dive into in the ICO stage. I think there is too much risk with a project of this high of a caliber but is definitely something to watch when it hits the exchanges.
Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.