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One has to do some due diligence to find out their nature whether they scam or not. All points to the whitepaper, a well written whitepaper with a good project concept is a good signal. You get to know who and who are behind the project. With a solid team you are sure of a project completion. You really need to be very careful as adviced by the owner of this thread.
Of course, that sounds easy on paper but people still get fooled. Though this might be because they're lazy and don't read the white paper.
There has always been a scam from the very first day ICO appeared, and I think the most important thing is that you should not invest in those very popular projects.
At least invest in those projects, you can see the team's information, and the background of these members can be found.
Do not say this project will not give you a profit, at least these kind of project will not run.
At least invest in those projects, you can see the team's information, and the background of these members can be found.
Do not say this project will not give you a profit, at least these kind of project will not run.
Yes, this is a big problem today, many projects are closed and disappear immediately after the completion of ICO. It is necessary to take some measures at the state level, many people will suffer
That is why regulations is very important so that the government could determine which ICO is legit or not and so that the people could possibly avoid these fake and scam ICO. Without regulation, these fraud people will continue to easily convince the innocent people to easily pour their investments in their scam projects and run.
Scam ICOs
Another “popular” scam method is through fake ICOs. This one usually involves lot more effort — after all scammers have to fake a white paper, setup a fake website and come up with a fake blockchain idea that will change the world. This process also involves paying for ads or hiring people on fiverr — all to make it look authentic. There have also been reports of identity thefts to make the team behind the project look legitimate.
One way to really verify the validity of the ICO is to make sure the project makes sense — if it does, chances are that the project could do much better actually executing, than just do a scam exit. This article sheds some light on what blockchain is good for, and what it isn’t. Also, check their whitepaper, their github repos and their background.
Scam ICOs
Another “popular” scam method is through fake ICOs. This one usually involves lot more effort — after all scammers have to fake a white paper, setup a fake website and come up with a fake blockchain idea that will change the world. This process also involves paying for ads or hiring people on fiverr — all to make it look authentic. There have also been reports of identity thefts to make the team behind the project look legitimate.
One way to really verify the validity of the ICO is to make sure the project makes sense — if it does, chances are that the project could do much better actually executing, than just do a scam exit. This article sheds some light on what blockchain is good for, and what it isn’t. Also, check their whitepaper, their github repos and their background.
It is very difficult to overcome such a thing. Because they also plan with careful preparation. And we just follow their rules only
The most trending scam ICO today is the MYRIAD scam,which they faked the information of the founder,it was announced few days back by a bounty hunter who reveal the real identity of the said founder they are claiming,fake profiles and fake identity was used,when i talked to the bounty manager in the telegram group he kicked me,surely a scam,
LOL, I think he got buthurted because of this project. People whenever you are looking to invest on any ICO before that you need to check some information about the project first. If you are able to find the white paper in details and you are convinced about the project information you can go with investing on that project. If you feel that this is good and not clear with the white paper then check the dev team and road map of the project then you can go with investing on ICO.
And the saddest part of it is that those legitimate ICO's are affected as well. Investors are now reluctant to shell out their hard earn cash and as beautiful as your project is and trusted, investors are now thinking twice and as a result your ICO will be a total failure.
That's why we really need to research and do our homework and check everything out in the web. If you smell that the ICO is a possible scam then do not put your money in it. Simply as that.
That's why we really need to research and do our homework and check everything out in the web. If you smell that the ICO is a possible scam then do not put your money in it. Simply as that.
One can't be too careful regarding the ICOs. There are just too many scamsters out there trying to rip you off. The most important thing regarding the authenticity of an ICO is its team, if the team is sound then the ICO is good.
Yes the Team it is the first what you should looking before fall to ICO. But sometimes people from the team on the web page of ICO don't know that they have participated in project.
Scam ICOs
Another “popular” scam method is through fake ICOs. This one usually involves lot more effort — after all scammers have to fake a white paper, setup a fake website and come up with a fake blockchain idea that will change the world. This process also involves paying for ads or hiring people on fiverr — all to make it look authentic. There have also been reports of identity thefts to make the team behind the project look legitimate.
One way to really verify the validity of the ICO is to make sure the project makes sense — if it does, chances are that the project could do much better actually executing, than just do a scam exit. This article sheds some light on what blockchain is good for, and what it isn’t. Also, check their whitepaper, their github repos and their background.
thank you for your attention.
but, some people already to guaranted ICOs project with their rules. And i am sure, under their "home", all ICOs will be trusted.
The most trending scam ICO today is the MYRIAD scam,which they faked the information of the founder,it was announced few days back by a bounty hunter who reveal the real identity of the said founder they are claiming,fake profiles and fake identity was used,when i talked to the bounty manager in the telegram group he kicked me,surely a scam,
One has to do some due diligence to find out their nature whether they scam or not. All points to the whitepaper, a well written whitepaper with a good project concept is a good signal. You get to know who and who are behind the project. With a solid team you are sure of a project completion. You really need to be very careful as adviced by the owner of this thread.
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