Topic: Easiest way to stop ICO scam is - page 11. (Read 1049 times)
There are no particular way to stop scam ICO, but the only thing that can protect from being scammed is your research about the project. So before entering into any ICO's, it is important to go through its white paper in detail and understand the project and the review of the project in Bitcointalk forum also matters.
now I am based on the professionalism of a project, including the look of the website, the validity of the documents, the validity of the team profile, the interest of the crypto community, the developers in the telegram and the logic of the total coin supply as well as the scope for the business model.
I don't even get your OP. Did you maybe want to elaborate if you think this is a genuine good idea? So I purchase ETH, am I supposed to send it directly to an ICO you say? From an exchange? That's the opposite of what you should do. How does what you're saying here help to not get scammed by a sketchy ICO?
I meant, you send ETH from MeW/MetaMask wallet and ICO holders send coin back immediately. Check betrium.co for getting a better understanding of the concept. 
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Even if they do that, if they are scammers, they could just run away with your money without continuing the project. Then all you have is a bunch of worthless tokens.
You cannot stop scammers from starting ICOs but you can stop being a victim of them by wising up. Know how to detect scams and research the product and the devs involved in the project before sending them your money. If every one gets wise enough to avoid shady ICOs, eventually those scammers will stop creating ICO because there are no one left they can victimize.
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
just because they send coins to you after they receive your investment doesn't mean they are not scam. many scam ICOs send their coins after you invest making you not worry that they are not scam but in the end their coins does not have value. scammer today are knowledgeable and educated and they do everything just to scam others. the best way to avoid ICO scam is to research every detail you can gather and ask others about their opinion and research too. Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
But that doesn't stop the ICO scam, they just need to make a smart contract, and then you can solve the problem,
But the token might not be worth it,isn't it?
But the token might not be worth it,isn't it?
Thorough investigation is the key. I think you have to know first the team behind the ICO. Check their profile at LinkedIn if there are any and then their whitepaper because it is written there what their project all about including their mission and vision.
If you want to join the ICO you want and dont know If its a good ICO and prevent to join a scam ICO try to see this checklist I made for my self:
So far that's my checklist if the ICO is good and if it the ICO doesn't have these quality I consider it as a scam and probably it will .
- Whitepaper is well presented and all of the things are well explained and how the product works
- The team involved has a good profile background and has many experience in cryptocurency market
- See how the progress of the ICO goes if its good
- Having a good community and admin to answer all of the peoples doubt about the project
- Hard cap and Soft cap is not too hard to achieve
- Well presented Announcement thread here in forum and a good Website
- A Good Road map to see if the project can run a long term and to see if they are only motivated for the profit
So far that's my checklist if the ICO is good and if it the ICO doesn't have these quality I consider it as a scam and probably it will .
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
KYC has still some use for most of the campaign and ICO founders,they will be protected from these abusive ICO participants who is doubling their registration it will prevent unfairly distribution of stakes from the investors,fraudulent activities will be lessen but the downside with this would be your identity can be sold to others,and can be used to identity thefts,the best thing to do is do not participate any of these ICOs if you are concerned about your privacy.Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
Yes our privacy is the very most important matter here in crypto. They might use our personalities for the intentions of scams KYC is not a good option. It was never been new to us that kind of extortion for people. We should think twice in our decisions everything is not possible in the cyber world.
LOL, how does that even stop ICO scams. This is what most ICOs are already doing. In fact KYC does add extra layer of trust if it is being done in partnership with trusted 3rd party KYC companies. The only way to stop ICO scam is by not supporting projects which only have money in mind. Support projects for their concept. Someone posted this accurate guide to reduce your risks of participating in scam ICOs. You should read it OP. https://bitcointalksearch.org/topic/m.28918101
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
You automatically receive the token once you send ethereum to their contract address, kyc is done before you send the ethereum, not after that so it's not matter. The harder is when they don't use contract like ico that use bitcoin or several currencies. ICO participants should do research first to stop getting scammed. Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
I agree that the use of KYC can reduce scam ico, and many see many current projects being developed to protect potential customers or keep their identities in order to not be misused and protect their assets. this is great and hopefully more and more newcomers in cryptocurrency
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
KYC is currently useful to prevent money laundering for criminals. KYC will be very useful because it can detect who the potential investors who follow ICO and enter capital in ICO. so if you say KYC is useless if you do not think until that. Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
Only thing that can stop these ICO scams is a regulation which is impossible because most of the people using cryptocurrencies want decentralization in our system,if there will be regulation its like becoming a centralized offering which isnt healthy in our decentralized market,either way you can have a lot of time to do some research if you are really into this ICO investment,but if you are a good trader you shouldnt be participating any of these because you can earn more in trading altcoins!
Scammers will never stop until they already gained anything from scamming, you can only do is avoid being scammed and have yourself distance from scammers by doing research and having people to trust and asking them if an ICO is legit.
i guess the purpose of kyc is not to stop the ico scam. the easiest way to stop scam ico is escrow service.
Research is the only way to go. Your method is not going to work, they still got your ether or bitcoins.
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
Easiest way to stop scum ICO is to pay no attention to it after you understood that it is scum. More attention - more scums.
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
always be careful, it's really big risk with ICO/KYC Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum
Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
KYC has still some use for most of the campaign and ICO founders,they will be protected from these abusive ICO participants who is doubling their registration it will prevent unfairly distribution of stakes from the investors,fraudulent activities will be lessen but the downside with this would be your identity can be sold to others,and can be used to identity thefts,the best thing to do is do not participate any of these ICOs if you are concerned about your privacy. Just like, betrium.co is doing.
KYC is really useless for crypto currency traders.
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