Easiest way to stop ICO scam is - page 9.

susuberuang

full member

Activity: 926

Merit: 100

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

easy way to stop fake ICO or ICO that is not good you can see from Whitepaper know the team behind the ICO project and see on icobench.com I see there they give a good assessment of ICO and whether or not.

randomhumster

jr. member

Activity: 97

Merit: 6

I don't think there is any way other than regulation (government, private company audit, some comunity regulation). Ifthere is an ICO, some people will still send money even it is an obvious scam. Look what happened in BEE token ICO. Team several times on all platforms informed everyone they will never send ETH address via email, the only valid address will be supplied with the video of CEO holding it. Guess what happened? People received fishing email and sent ~1m USD to scammers. Seriously, people are willing to invest in anythig. The only way is to stop scam ICO from starting.

Btcvilla

sr. member

Activity: 1078

Merit: 270

Quote from: arkaasay on February 18, 2018, 02:42:42 AM

Do a thorough research before investing in any ICO to minimize fraud. ICO scams will not stop unless there are some rules to set ICO which is impossible because cryptographic data is a decentralized asset.

yes I agree. this is what the OP should know
to avoid a scam, always try to do the research as a whole and compare with some other ico. yes try to find more information about ico knowledge and investment.

arkaasay

member

Activity: 336

Merit: 10

Do a thorough research before investing in any ICO to minimize fraud. ICO scams will not stop unless there are some rules to set ICO which is impossible because cryptographic data is a decentralized asset.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Yakult on February 18, 2018, 02:15:10 AM

Sometimes it is really hard to determine whether the ICO is a scam or not. Everything can be faked in the internet. If you think the ICO is a scam, then might want to report to any admins or request a validation. You can consult to experts as well just to be safe since accusing is bad.

Perhaps that is the right action to reduce many ICO scams that keep coming. unfortunately, there is no third party or agency that takes care of the legit or not of an ICO? where the third party may impose a ban on the ICO if they do not meet certain conditions. maybe if any agency can do that. it will be very helpful

richaerich

newbie

Activity: 182

Merit: 0

There's nothing we can do to stop ICO scam.
The only thing that we can do is to check before we join the ICO.
Check and read very carefully before we join the ICO.
Whitepaper,Website,Developer, then we can choose should we join or not.

Denies

full member

Activity: 532

Merit: 170

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

I do not understand what you mean. not as easy as what you say, to know ico scam need fundamental investigation, you must believe in theory and strong evidence. and chances are if it's a scam, you will not accept anything or its tokens.

iconoclast

full member

Activity: 770

Merit: 102

Matrix Built On An Ethereum Smart Contract

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

If you made the people behind the ICO do a KYC/disclosure process it would eliminate the scams.

lovela

member

Activity: 126

Merit: 10

I don't think sMerit harvesting is a serious crime

Quote from: Bodywowoya on February 18, 2018, 02:18:51 AM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

Now there are no real methods to combat them, only prevention and research. And all sorts of individual development will only sift some of them, but most will miss it. So you need to be careful before leaving with your money.

There are some members who really do spend time on research in order to deal with this scammers.
And they said that those scammers are difficult to figure out because they could even make more and well designed websites and road maps and the team are too good to be true.
That's why there are so many investors are falling on their websites because scammers are indeed more talented than the real developer and website designers.
For me, in my own opinion, Telegram Community could tell the difference because active members would be enough proof that their community is legitimate and not a scam.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: JinCrypts on February 03, 2018, 10:27:07 PM

As if you can control the people behind of the ICO to scam others or be honest. There are no easy way to stop ICO scam, only by research thoroughly you will lessen the chance of investing to a scam ICO.
I've read a nice guideline on how to avoid being scam by ICO check this: https://bitcointalksearch.org/topic/how-to-invest-in-ico-more-safely-checklist-2822896

OP is talking as if scammer are fool to be easily detected,they bright,and gifted of skills only using for darkness,no one can stop ico scamming unless they copy all the thread to existing ico project so the moderator can do necessary actions towards the said ico,lots of campaign now about ico is almost perfect like legitimate project ,and you will only notice if time comes you become a victim

lovela

member

Activity: 126

Merit: 10

I don't think sMerit harvesting is a serious crime

Well, we cannot stop ICOs on scamming their victims but we so prevent them as one of their victims and one of the best ways is checking their credibility and reputation through social media communities especially their Telegram Channels.
Good ICOs have many active members on their social communities.
That way, you could tell the difference, scam ICOs have no social communities...

miklesm

member

Activity: 1078

Merit: 10

I think the only way to avoid scam is to analize the project yourself and try to understand whether it solves an important problem, has a cool team and rather popular among investors. But still it is rather difficult to understand whether ICO is scam or not.

Bodywowoya

full member

Activity: 350

Merit: 100

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

Now there are no real methods to combat them, only prevention and research. And all sorts of individual development will only sift some of them, but most will miss it. So you need to be careful before leaving with your money.

dagelan

member

Activity: 423

Merit: 10

BitbondSTO.com

in my opinion, the easy way to prevent scam ico is by the verification process of kyc provided by third marriage, such as kyc legal, icopass, or other, and create a special board other than sec specifically for cryptocurrency

Yakult

member

Activity: 144

Merit: 10

Sometimes it is really hard to determine whether the ICO is a scam or not. Everything can be faked in the internet. If you think the ICO is a scam, then might want to report to any admins or request a validation. You can consult to experts as well just to be safe since accusing is bad.

tansoft64

sr. member

Activity: 532

Merit: 253

Quote from: samycoin on February 17, 2018, 06:31:08 PM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

Scammers don't stop to scam people as long they never got what they want. We need to do is avoid them research the ICO background off this a legit or not. But sometimes is hard to know if the ICO is legit or not because some of them is really good to incomes to deceive the people.

That's right! scammers will never stop and continue to scam people, it is happen every-time and we can't notice them in the first place, they just run with no trace. Even for a KYC scammer just used other identity for it.

samycoin

full member

Activity: 812

Merit: 100

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

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.

Scammers don't stop to scam people as long they never got what they want. We need to do is avoid them research the ICO background off this a legit or not. But sometimes is hard to know if the ICO is legit or not because some of them is really good to incomes to deceive the people.

kakawin

full member

Activity: 308

Merit: 100

Quote from: winspiral on February 07, 2018, 04:21:54 PM

It's funny to see how easily people fall in ICO scam.
When people se a nice designed project they can not say NO...
People buy the design and not the project...so it is.

Yes, people are attracted by a beautiful wrapper, so they are subject to scam. Most people do not want to understand all the intricacies concerning the project, they want a quick profit.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

It's funny to see how easily people fall in ICO scam.
When people se a nice designed project they can not say NO...
People buy the design and not the project...so it is.

peleng

full member

Activity: 196

Merit: 101

Quote from: mrspumpkin on February 04, 2018, 01:44:47 PM

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

Of course, analysis of ICO projects must always be carried out, without this, one should not even think about investing. And even this does not completely protect you from scam, but so you will do everything in your power.

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