Topic: Easiest way to stop ICO scam is - page 10. (Read 1059 times)

There are no easy ways to define a project as a scam. Scammers come up with more and more sophisticated ways, misleading us. Only your long and hard analysis will help you avoid a scam project. And it's very good when there are friends who help you with this. There are times when you make mistakes yourself

A good idea. Surely there will be many more ideas. And surely new ideas will be born by hackers in order to gain access to our means. And for sure there will be scammers on the ICO. This can be avoided by taking a closer look at the safety and study of projects

some experts have new idea only vrified team is not best way to identify realable ICOs. I think all parameter must consider in one package to determine scam ICOs from other. so ERC20 is one important parameter inside other main parameters

As in any industry and in any business there will always be scammers. It is necessary to carefully study the technical documentation of ICO and select a verified team

I think ERC20 contract ICO's is better than others it is useful for test scam from non scam in some cases

There is lots of people doing scamming professionally neither KYC or sending directly to ethereum address doesn’t dolve proble but there is lots of ico managing platforms like kickico or comsa still some new projects providing solution for crowdfunding supporting these platforms will reduce Ico scams .

I agree with you on that,  I think they also have to implement a strict requirements before developing a new ICO.  But whats best right now is studying the project first before getting into it. 

 the fact is we can prevent of being scam always if we know how to search for the sake of our money. Which is the good one to invest and indeed that is easy way how to prevent those scam schemes . And also i suggest to don't jump quick if you don't have enough information about it , so make a research and don't rely on others thought to ensure that you're money is safe.

It is sad to know that ICO is being abused because of its disadvantages like it is not regulated or registered. This means users will not be reimbursed if something were to go wrong. So, to at least to minimize the chance of getting scammed we should thoroughly give ourselves a time to take a deep research.

I love that concept. If every ICO would immediately give the tokens,  it would prevent hack fraud stories,  ico target didn't reach scenario.  

Agreed - proper due diligence is still required. However - when launching our own ICO with smart contract distributing tokens automatically based on amount of ETH received, i was surprised to see how many investors never had this kind of experience. A lot of ICO's still send tokens through their own system or distribute tokens after the crowdfunding stage. Which is strange - as automatic token transfer has been made possible in token smart contract....

Anyway - a red flag for me is a major token giveaway and insane bonus system. Token distribution is usually when average contributors get ripped off

Some ICOs are obviously scams, but some of them may be unsuccessful. We should see the difference between such projects. Anyway,  try to have as much feedback as possible about any startup you are going to invest in.

If you get tokens straight after the purchase it doesn't mean that founders of scam ICO project can't just go away with your money. The best way to stop scam ICOs is to make a dip research about a project before the investment and don't listen to others.

The easiest way to stop ICO scam is to have ICO regulators in the crypto space that approve your project to commence an ICO base on terms and regulation.

   I think theres no easier way to identify a scam ICO.You must check there team and ceo . Avoid rushing to buy.check there road map if they have greate plan for the future amd there whitepaper tpu should read then carefully.the most importante is the popularity

Its very hard to identify whether the ICO is scam or real. But if we followed below research we can avoid scam ICO.

1. Check each team member linkedin account whether they promoting their projects or not.

2. Check telegram accounts too. If they dont have real team, just assume that as scam

3. Do not believe high discount project ICO

4. Do your own research and learn new things. Do not trust others

To know how to identify the usual characteristics of an ICO scam and spread the knowledge about it. Stopping people who wants to take advantage and do illegal activities would be next to impossible and the best way to fight them is to reduce their possible victims.

The only important things there will be a relationship between the developer's history with all of their social media account just like linked. But about the vadility of document seems a bit different with it because it can be manipulated. The team must try to prove if their are all humans with real identity through use streaming feature imo.

In its virtual nature, the ICO market knows no boundaries, but also strict legal norms too. This makes it a fertile ground for fraud, theft and failure.
Everyone who is interested in this or that project can order a professional check from well-known specialists.

Due Diligence
Comprehensive verification of the project.

Successfully conducted ICO does not guarantee the successful implementation of the project. In its short life, the crypto currency market has already faced scams and the inability of the project team to implement the project that received funding.

Due Diligence forms an objective opinion on the investment potential of the project. On its basis, the investor can take a more informed decision, and the project team eliminate the project's shortcomings before the ICO.

When financing the project by private and institutional investors at the pre-ICO stage, the question of the cost of the start-up before and after the investment, and the fair distribution of shares in the future project between its initiator and the investor may arise. Both parties can make informed decisions based on an independent external evaluation of the startup.

Kreston GCG has a large appraisal department specializing in the evaluation of technological start-ups. Our team possesses the knowledge of the field of cryptoeconomics and applies the international standards of valuation (IVS, EVS, RICS) in accordance with the best world appraisal practice.

There is no easy way to stop an ico scam. But the best way to minimize such risk is through research. Also, you have to bear in mind that we have to do our own due diligence in investing our money, and investing our money is not always a sure fire way that we will profit from it. There is an inherent risk that we might be scammed or it is not just profitable enough.