Topic: Astounding number of ICO scams (Read 106 times)
Some of the ICO are not aware that they are already scamming the bounty hunters in an indirect way of giving bounty rewards aside from clearly scam ICO that does not really give bounty rewards for the bounty hunters. What i mean is that some ICO projects would justify their bounty rewards on the closing of the ICO period. This is the usual happening around from the facebook campaign i join from a different campaign. Those ICO are considered as scam when they decreased the rewards for the bounty hunters.
I've noticed with most ICOs here that most of them are probably scams. Let me explain. The way these scams work is not obvious. What they will do is launch a legitimate sounding pitch, a good, well funded whitepaper, and highly attractive website. Then they'll keep the updates frequent even post ICO, perhaps a delay here or there to postpone time. This will continue for about a year until the news becomes less frequent, and eventually dies off. This is so that the team can sell tokens that they have in addition to the ICO returns they've made.
How do you spot these ICOs? Quite simply, the entire "teams" are often fake. I'd say a shit tonne of ICO announcements here are fake teams with even high ranking members as the announcers. For any ICO of interest, look for a Youtube video of any team member that somehow mentions/promotes their ICO. If you can't find this, the project is almost certainly a scam.
Use this little pointer I've told you in the paragraph above to save yourself from these scams.
many ico is will scam not because they want to be a scam, but they project is lead to be fail and that will make the project will lead to the scam and of course many ico is mainly want to scam people, so becareful How do you spot these ICOs? Quite simply, the entire "teams" are often fake. I'd say a shit tonne of ICO announcements here are fake teams with even high ranking members as the announcers. For any ICO of interest, look for a Youtube video of any team member that somehow mentions/promotes their ICO. If you can't find this, the project is almost certainly a scam.
Use this little pointer I've told you in the paragraph above to save yourself from these scams.
I've noticed with most ICOs here that most of them are probably scams. Let me explain. The way these scams work is not obvious. What they will do is launch a legitimate sounding pitch, a good, well funded whitepaper, and highly attractive website. Then they'll keep the updates frequent even post ICO, perhaps a delay here or there to postpone time. This will continue for about a year until the news becomes less frequent, and eventually dies off. This is so that the team can sell tokens that they have in addition to the ICO returns they've made.
How do you spot these ICOs? Quite simply, the entire "teams" are often fake. I'd say a shit tonne of ICO announcements here are fake teams with even high ranking members as the announcers. For any ICO of interest, look for a Youtube video of any team member that somehow mentions/promotes their ICO. If you can't find this, the project is almost certainly a scam.
Use this little pointer I've told you in the paragraph above to save yourself from these scams.
Some ICO or project even if the team are not fake. It is still possible that the team are scammers. Like for example in a few projects that I had joined their telegram group. During ICO the team are very active in the telegram group, they would answer every question the investors ask. But after the ICO they are rarely seen online and would only answer questions they choose to answer. They also list their tokens in bad exchanges and cause the price to decrease by 90% of the ICO price. They did not care about their investors. How do you spot these ICOs? Quite simply, the entire "teams" are often fake. I'd say a shit tonne of ICO announcements here are fake teams with even high ranking members as the announcers. For any ICO of interest, look for a Youtube video of any team member that somehow mentions/promotes their ICO. If you can't find this, the project is almost certainly a scam.
Use this little pointer I've told you in the paragraph above to save yourself from these scams.
It is true that most ICO projects are now a fraudulent project, just a hype.
That's why I think there's a need for regulation.
That's why I think there's a need for regulation.
I think if they do not intend to make a coin, then they will not seriously make whitepapers, websites, and so forth. Because of their intention to deceive and will not seriously do so. So it will be seen which difference is SCAM and LEGIT.
We should expect a rise in spam projects in the coming years, Scam projects will lure investors with everything that they look for when investing - that's why its advisable not to invest money you cant afford to loose no matter how a project looks like - even with a working product. Adoption is what matters and the project team might be gambling to see if the idea will be adopted. Don't be amazed when a top 10 project fails because the team gambled with the business idea.
I think if they do not intend to make a coin, then they will not seriously make whitepapers, websites, and so forth. Because of their intention to deceive and will not seriously do so. So it will be seen which difference is SCAM and LEGIT.
I've noticed with most ICOs here that most of them are probably scams. Let me explain. The way these scams work is not obvious. What they will do is launch a legitimate sounding pitch, a good, well funded whitepaper, and highly attractive website. Then they'll keep the updates frequent even post ICO, perhaps a delay here or there to postpone time. This will continue for about a year until the news becomes less frequent, and eventually dies off. This is so that the team can sell tokens that they have in addition to the ICO returns they've made.
How do you spot these ICOs? Quite simply, the entire "teams" are often fake. I'd say a shit tonne of ICO announcements here are fake teams with even high ranking members as the announcers. For any ICO of interest, look for a Youtube video of any team member that somehow mentions/promotes their ICO. If you can't find this, the project is almost certainly a scam.
Use this little pointer I've told you in the paragraph above to save yourself from these scams.
How do you spot these ICOs? Quite simply, the entire "teams" are often fake. I'd say a shit tonne of ICO announcements here are fake teams with even high ranking members as the announcers. For any ICO of interest, look for a Youtube video of any team member that somehow mentions/promotes their ICO. If you can't find this, the project is almost certainly a scam.
Use this little pointer I've told you in the paragraph above to save yourself from these scams.
Jump to: