Car Vertical ICO
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.
A recent upcoming ICO is one that goes by the name of Car Vertical. The idea is based on creating a blockchain based car history registry system. It is a unique idea with a strong use case and there are many related articles written online from several reputable websites that do not actually do paid articles. Thus there seems to exist a lot of legitimacy in the crypto space for a project of this caliber.
The main problem with it is the car industry as a whole. Adoption across the automotive industry may be problematic without extremely simplified use cases. People who are not in the know all aren’t going to understand and see how blockchain works and the are going to have to simplify their business model for them. Their advisory panel are receiving abnormally high tokens for this type of project which is something to be very aware of. Pre sell investors receive anything towards of forty five percent bonus so they should be marked down for that. Moreover, they have gotten a strong capable team but not quite an all star one. As for the hype they are gathering a lot of attention and in fact a lot of youtubers like Suppoman are talking about them. These followers subsequently attract quite a lot of attention. There is also a lot of awareness in the crypto space when it comes to this particular project.
Rational decisions are made on the future value of objects. When one binds to an ICO one is not believing in its future potential. It is because one wants to flip it at a later date but they are probably wondering when to sell. However, one actually needs to sell at a loss if one’s investment has not made enough money at a certain time in the future no matter who one is or what they do. If around six months time the profit is not earned, it is better to flip it. Like property investments, one needs to know when to buy and when to sell.
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.