ICOPedia

ICO Rating System Breakdown – Development Roadmap

A blockchain network or token roadmap highlights the plans the developers have and informs the would-be-users and investors alike when they should anticipate utility and return on investment respectively. For this reason, this bit of the ICO process needs to be correct, feasible, visionary, dependable and trustworthy and have a clear status report.

Accuracy

A good roadmap should highlight concrete plans and milestones adequately. At a cursory glance, an investor should see all the important dates highlighted. An accurate roadmap informs all interested parties when they should expect to enjoy the utility of the network or system that the ICO promises.

However, the ICO ecosystem is relatively new with a lot of grey areas. As a result, many token generation events have presented platforms with roadmaps that aren’t accurate, mostly vague and noncommittal. In other instances, teams have communicated ideas with just the overall plans that highlight the significant milestones but without offering an adequate explanation.

Funnily, the hunger to invest in the blockchain has enabled such ideas to get capital injection despite the discrepancies. However, this is about to change as investors get enlightened.

Feasibility

The roadmap need not only be accurate; it must be practical and feasible as well. The ICOs the market witnessed in 2016 depicted all manner of quality ranging from ambitious pipe dreams, optimistic projects, and realistic ideas that had all bases covered. This latter class of projects raised more money within the shortest time because investors are only interested in plans that guarantee a return on investment.

Visionary

When Vitalik Buterin and his associates conceptualized the Ethereum blockchain, they hoped to transform how the internet works. Their efforts intended to create the Internet 3.0 that can disrupt all segments of the economy cheaply, efficiently and fast. Also, the roadmap of their work provided long-term approaches that paved the way for many fruitful future operations.

Now, 19 out of 20 ICOs that come into the market are built on Ethereum, and this trend doesn’t seem it will slow down soon. The roadmap of Ethereum is a perfect example of a stellar project that blazes a path for convenient transactions and service provision.

Dependencies

The services and capabilities of the platform as highlighted in the roadmap, should be available, trustworthy and even recognized. The ICO team should not be in a rush to avail tokens for sale if they still have nothing to show for the amount they are so eager to raise. If the platform should depend on specific external infrastructure to relay its mandate, then such systems should be famous and trustworthy.

It is immoral to present a roadmap of a product that isn’t available, is questionable or partially developed and doesn’t inspire trust. However, products that are imperfect but tangible or those that use decent substitutes are acceptable even though they may not score highly according to these ratings.

Status

A great ICO product should be well on its way to accomplishing the tasks the ICO roadmap highlights, with all the necessary trials done and dusted before its made public. All the essential protocol developments on the pilot should be complete before the team turns to raise funds for expansion and development of the commercial-scale platform.

In summation, the roadmap of a project should inspire trust among would-be investors. Besides spelling out the precise timelines for each milestone, it should be accurate, professional, and dependable.

Part I – Whitepaper

Part II – Product

Part IIi – use of blockchain

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