Topic: A good way to avoid scam ICO projects - page 9. (Read 1339 times)

For me one good step is to check project at IcoGuide.com, as their rates are realistic and not paid. But for sure this is not the only criteria, all the things you mentioned should be taken into consideration.

I will add to these points that the company must have a finished product.

In order to avoid getting scammed, you have to do A LOT of research.
What can you do to avoid getting scammed by ICOs and other fake online investments?
Avoid them..

In terms of investing, you really want invest with reputable people, businesses, and brokers (online or off) with a highly ethical reputation. And even then you need to be skeptical and ask hard questions.

This day in age, the internet should help with this verification overall. But the key is still understanding who you are doing business with.

Even real life people can rip you off (), but it’s easier to get ripped off if you don’t even know who they are.

Regarding ICOs, although many people can and have made money in crypto & ICOs, they are not (typically) investments. They are speculations.

This is because you are not investing in the equity of a start up. The value of a company’s coin may go up (based on supply and demand), but (typically) it is not backed by real cash flow that drives the value of true investments. I’d make the same arguement for fx and other assets such as art.

If you want to speculate with a small percentage of your money, that’s up to you, but understand the risks.

Start ups have high level of risks, but ICOs combine all of these risks:

start ups (often pre product)
crypto (highly volatile & ungregulated)
100% online funding (harder to verify legitimacy & perform due diligence)
speculation with a “get rich quick” craze
That said, I do believe crypto technology will transform the world in someway. Just don’t get too caught up in the get rich quick craze by putting too much of your money into this market. Also don’t put too much in any one deal.

If you want to participate do a lot of  and diversify.

whitepaper is by far the most important determinant of the seriousness of a project. It must be comprehensive, thorough, and explain the technology from the source of the coin. Other assets can include videos, blog posts and other contributions from the team. and don't forget to check the project community, the community is an important indicator of cryptocurrency investment. Crypto currencies have communities collected online on websites such as Reddit and Bitcoin.org , Github is a good source too, and those who can read the code can see at a glance how well the program is programmed.

The fact is that there are certain resources that are involved in verifying the authenticity of the ico company and then put up a rating. But lately, these resources are very difficult to trust, although if you carry out this work yourself, then you need to spend a lot of time analyzing all the information and the request.

My suggestion would also be to check out team background and experience on LinkedIn. If everything looks like it should be, then maybe google them up and see if they are present on even more social channels (mostly scammers won't deal with setting up more than 1 social channel for fake person). If they are, that is a good indicator of their authenticity. Also, check out (or ask on official channels) partnerships they claim to have. Many times it turns out that their partners don't know what are you talking about so that is a big red flag.

Other than the real objects or objective of the Project, Market Segmentation, Management team and lots more, you must definitely also be oblivious to highly determine the Qualitative community behind the project is my submission.

The best way to know and avoid scam projects is simply going through research. Check the website, white paper, team members, road map. most of all try to know what the concept of the project is all about.

thank you for the link that you have given too me, this really helped, how should i choose a good ico project.

This topic was discussed many times here but the answer can be dound in beginners and help section where lot of guidelines were provided which can really will be helpful to find the scam ICO.Some of them were

1.[Guide] Prevent scam!!! Some useful tools for find scam / fake ICO team 🌍
2.🔥🔥 TIPS to avoid BOUNTY SCAM 🔥🔥 WORTH READING 🔥🔥
3.How to know if an ICO is a scam? :A beginner's guide

I agree, for now it is better to avoid investing in ICOs due to unstable market conditions. Thank you for your input

It is also necessary to pay attention to the technical documents of the project, perhaps they will be fully or partially copied from other projects as scammers often do.

These are all valid point, But once it will not reach softcap surely they do not listed in market so automatically move to scam project. The recent market was really unstable so no one is predict the right ICO in current situation but we should stay away in ICO participation in this year, all the scam projects are died so potential projects are visible in the market.

In addition to seeing the concept, we also have to see products from IO because I think products are very important in achieving IOO's success, if there are real products, many investors will support

That's a great point, i also evaluate projects by noticing the reputation of the project: Are there full names and faces associated to the project, Do they have active LinkedIn or other social media profiles?

The activity of the project also, If the project has been abandoned, then it isn’t worth your time and money. Move on and Dont be tempted to fall for scam.

Then lastly blockchain technology, Not everything needs the blockchain.

The ICO project is currently far more than income for a moment. Try to make the most profit possible, until the ICO deadline is over, and then make a big sale. ICO projects are indeed potentially high enough to be used for fraud, fraud which is detrimental to investors.
Especially if previously the ICO project did not require any legality.
Before investing in an ICO project must pay attention to several factors:

1. Must know detail Concept of the ICO project
A good ICO project must have a good concept.

2. See market segmentation
How much market potential is related to project segmentation and of course must have new innovations

3. Long-term orientation
One thing that can make it easier for you to judge, is to look at the real objects offered from the project

4. Team
Who are the people who work behind the project

Is there another way to avoid scam ICO projects, your input is highly expected

Thank You