I have noticed an ICO that have an accusation of being a scam!
their telegram: https://t.me/joinchat/Gvzumg5Ey1rGhbh5cDXgOQ
Bounty ann : https://bitcointalksearch.org/topic/bounty10-btc-378-eth-myriadsio-machine-learning-btc-mrds-payout-2915094
scam confirmed ANN THREAD: https://bitcointalksearch.org/topic/myriadsio-confirmed-scam-3066178
i tried to joined their telegram and asked about it in a good way and without any words to read, they just blocked me!
I also Direct message the bounty manager of this campaign and i got the same result, BLOCKED!
campaign manager telegram: https://t.me/MyriadsSupport
Topic: . - page 2. (Read 352 times)
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
Unfortunately, many ICOs have been wandering around today, which is no good. There are also projects that make a big impression in the direction of the expectations given especially to new investors. This is reflected negatively in other robust projects, of course. Now that we are afraid to make serious investments, we have realistic and profitable projects.
Exactly, FAKE ICOs have become a real menacing problem for the whole community where investors & traders may suffer big losses ( or even unrecoverable ones ) .
This issue makes me ( and a lot other people ) support governmental regulations ( even politicians take part in that cake ) but finally we would be prevented
This issue makes me ( and a lot other people ) support governmental regulations ( even politicians take part in that cake ) but finally we would be prevented
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.
with proper research, you can mostly prevent scam ICOs. Usually they use fake advisors, nonexisting team members etc. Always study if there are real people behind the project, that will tell you the most.
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
Totally agree with you. We need to take action. People are increasingly meeting scammers. It's sad. 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.
Unfortunately, everything can be scam now. I know some guys who were written into the developers of the project, and they never knew about it. How to check this out, send email to everyone?
Thank you for the info. I think people are just so dumb for blindly investing in just anything, hoping they are going to make so much money from it. It is easy to put money into something, and not so easy to actually do a little reading. Honestly, there are some great projects out there and I hate seeing these scams negatively impact all ICOs when it's only a subset of them that are scams.
We as a community need to ask for a proof of coding work done or the past work done by the dev teams behind ICOs. Millions of dollars have been lost due to scam ICOs running away with the money. I don't know how long this is going to be acceptable to everyone.
I know I certainly have had enough, and generally it takes one or two scams for each person before this stuff stops. The reason it doesn't stop though is because you have new people constantly entering the market. As much as we may have learned, the new people coming won't have. They will think it is easy money, I throw some at an ICO and make big bucks, but they won't know the pitfalls that lay ahead at all. A scam or two will wise them up too, but sad to say I don't think scamming will ever leave this planet because of fresh blood to be scammed. 
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.
This is very good idea
A typical example is xrmg(Monero gold)
They made a perfect game plan, white paper, roadmap, for listed on coinmarketcap, paid to coinexchange, traded for 5 days
Promised to get listed on Binance the following Monday; millions of people traded and they crashed on Sunday
Withdrawing all balance they had earned and left people bankrupt
We all just need to try to be extra careful
This is actually one of the few things where some regulation from goverments can be useful. If every ICO founders would have to register somewhere and disclose their real identities, for example, something like fake ICOs couldn't exist... if the founders don't want to go straight to jail of course 
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