Topic: Alot of ICOs around, which one is scam free? - page 6. (Read 3358 times)

Make your own research about the ICO you are interested to make an investment. Its advisable to check the dev team and project overview and whitepaoer of an ICO. As many ICO ongoin and upcoming there are also lots of scam ICO also and unfortunately some of this scam looks genuine so dont make fast decision putting your money on certain ICO without doing full reasearch and assessment first.

Those scams ICO are very intelligent to get investors. They have planned to get investors and sounds their project is good, scam is everywhere. Better lets do some research and read the feedback about their project if its worth investing.

Before you invest, you should research them yourself, no one knows it's a scam or not, I am serious.Scam often been found after it's happened, not before.

in addition to what everyone else has said regarding doing your own research and vetting both the team and the idea for substance, keep in mind that even if the ICO itself isn't a scam there are plenty of ways to get hacked: make sure to secure your own information well, have good general password and personal security habits, use reputable service providers when you have to, learn to leverage cold storage where appropriate, and stay alert and up-to-date. Some great tips:
* http://jasondrowley.com/2016/08/06/simple-security-best-practices-for-bitcoin-users-and-investors/

Agree with that it can be your advantage if you study the first the project you are scam free for it . Study first.

All you can do is really check out the specific ICO you would like to invest in.
Best is to check if they actually have a product and if everything seems legit.

Maybe also join their Slack and Telegram and dont be too eager to buy

Investigate and check the forums alot.

For me there are a few signs to look for in a ICO

- Strong team - Both in development team and also the CEO's / marketing (no point having a great team to create something, if nobody can advertsie it and push the startup in the right direction.
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?

Finally
- Good concept and catchy name - A good ethos and a name that makes them stand out. Personally i would avoid anything that is something "coin".

If these are in place, then it's a good sign. I am looking at Crowdholding at the minute, seems like a good upcoming ICO (They are in their pre-sale)

https://ico.crowdholding.com/

The best thing how to identify the scam ICO campaign or not, look at the developers and people created the campaign how many information they provided for themselfs mostly companies not giving that information and missing it, second check the ANN thread and white paper and  if all of the points been reminded and the main page design because they should invest in to that a lot of money to show that they are intrested on that

Yeah that's true, I always check the white paper and other documents very carefully. And if the project is a legit one, you really feel this while reading their document. The team members are also another important factor. If they're real people with nice career, this is also a good point to enter that ICO.

Thanks everyone

The idea sounds confusing

Learn first before decides to buy crypto coin, you must know the risk before doing something. You can learn from friends, web or group to develop your knowledge. Actually, we never know where is legit or scam coin. Most trader/ investor only see from concept ( whitepaper ), dev team and also exchanger to sell the coin. Believe or not, sometimes real market has their own answer. I only suggest learning by doing, let's jump into real market to try your strategy. Experience will give lesson how to decides the best coin to buy. Have a nice day.

if you do not want to get lost you should first learn about ico concept.

You need to know, a perpesonal can be fooled, it is the foresight and thoroughness we assess an ico project.

you can start from reading an ico concept that you are researching, seeing from their team, dev.
before you invest.

I would recommend that you read and dig deep about a certain project before you can even consider investing. You heart will tell you once you start reading about a certain project whether its a scam or not. You should read and understand their whitepaper, this will help you understand what the project is all about. But they are a lot of ICOs which are ongoing and they are looking promising. I would recommend that you consider investing in social, dimcoin, opus (not sure if the ICO ended or not)

I can't be sure which projects will be promising and reliable to do.

I got these kind of questions from my tweeter followers and my answer usually is that no answer can be followed blindly without doing research yourserf.. Looking back there are so successful ico where didnt expected and vice verso . So ... DYOR

As an investors you need to review first all of the project before investing I my self also do that  it will not guarantee that it will give you High profit but atleast can reduce the risk before entering.

Dev team is the core of the project. You can determine a team by seeing their team. There are many coins having a big marketcap but it does not prove that the project does not scam. Also, you need to see whether project has a lot of update or not. Scammers do not usually update information to investors

The most important factor is 'team'. Do research as much as you can about team before investing. The projects which come up with the intention to scam usually show fake profiles of team members. So it is one of the best way to check authenticity of project.
No person will think to run with your money by exposing everything about himself.

If you are new with crypto world why would you even bother with ICO s? There are much to learn before...