The terms and conditions of an ICO are the formal agreement between an investor and the ICO issuer.
If an ICO’s website does not have terms and conditions, this is a red flag.
The terms and conditions should be more than a page long and should describe the actual token sale.
Here are some more things that ICO investors should also be on the lookout for:
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The T&C’S should be clear about who the contracting party is and mention them in the first paragraph. A buyer should expect to see a legal entity on the side of the ICO issuer.
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T &C’s should also contain a token definition and description. In some cases, the T & C’s might refer you to the whitepaper.
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The T & C’s should also include provisions on pricing and timing of the token sale.
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T & C’s should also include the issuer’s plans regarding the proceeds of the ICO and how the funds will be used.
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Do not invest in any ICO’s that tell you that you hold no rights to the currency
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If anything seems strange- it probably is an indication of something being wrong. Follow your instincts.
