The rate of fraudulent or scam ICOs in the crypto space continues to increase rapidly thereby making it hard to find good project. I believe the beat way to curb or stop ICOs scam is to allow in some form of regulations. If regulations are allowed into the cryptocurrency Space, ICOs will rarely be fraudulent and it will help the whole market by bringing in new investors into the cryptocurrency market since they will feel protected by the law.
Yes, that is what we hope for so far, namely by making a regulation to protect Investors' funds that will invest in the ICO, so that if new regulations are implemented to eradicate fraud it will make Investors feel more secure. 
Topic: FIGHTING AGAINST ICO SCAM - page 6. (Read 1103 times)
The rate of fraudulent or scam ICOs in the crypto space continues to increase rapidly thereby making it hard to find good project. I believe the beat way to curb or stop ICOs scam is to allow in some form of regulations. If regulations are allowed into the cryptocurrency Space, ICOs will rarely be fraudulent and it will help the whole market by bringing in new investors into the cryptocurrency market since they will feel protected by the law.
I think that it is best to stop investing in ICO projects for a while, and wait until a less working platform appears capable of regulating this process. Scam too much.
Hello,
Really not a bad idea ! with the bull run too many projects, too many ICO, too many "easy money" birth project without nothing after.
With the bear market we have less ICO and lead to some purification of the market which is not bad.
One serious verification structure could be good and could really limited risks.
I think that it is best to stop investing in ICO projects for a while, and wait until a less working platform appears capable of regulating this process. Scam too much.
2018 WAS A TERRIBLE YEAR BOTH FOR HUNTERS AND INVESTORS TOO MANY SCAMS AND FRAUDULENT TACTICS USED BY CHILDREN CLAIMING TO HAVE SOME IDEA WHICH THEY NEED A FUND RAISER FOR...
As a bounty hunter.. the worse thing that can ever happen to you in the crypto space.. is promoting a scam ico unknowing to you it's a fraudulent company
I AM CREATING THIS THREAD TO HELP SPREED THE AWARENESS OF FRAUDULENT PROJECTS WASTING OUR PRECIOUS TIME AND STEALING THE HARD EARNED MONEY OF INVESTORS..
PLS KINDLY PUT DOWN THE NAME OF ANY COMPANY YOU THINK ITS SCAM AND NOT WORTH INVESTING ON AND GIVE REASON WHY IT SHOULDN'T BE TRUSTED
..
THIS WILL HELP BRING BACK THE TRUST WE ONCE HAD IN THE CRYPTO SPACE AND MAY ALSO GIVE LEGIT ICOS THE CHANCE TO RAISE ENOUGH MONEY AND KICK START THEIR PRODUCT
Just choose an ICO from a country that has already applied regulatory requirements. Each country has own regulatory body that has impose regulations and requirements regarding ICO and other crowdfunding campaign like my country all ICO and other crowdfunding event has already legal if they acomplished the full requirements needed. As a bounty hunter.. the worse thing that can ever happen to you in the crypto space.. is promoting a scam ico unknowing to you it's a fraudulent company
I AM CREATING THIS THREAD TO HELP SPREED THE AWARENESS OF FRAUDULENT PROJECTS WASTING OUR PRECIOUS TIME AND STEALING THE HARD EARNED MONEY OF INVESTORS..
PLS KINDLY PUT DOWN THE NAME OF ANY COMPANY YOU THINK ITS SCAM AND NOT WORTH INVESTING ON AND GIVE REASON WHY IT SHOULDN'T BE TRUSTED
..
THIS WILL HELP BRING BACK THE TRUST WE ONCE HAD IN THE CRYPTO SPACE AND MAY ALSO GIVE LEGIT ICOS THE CHANCE TO RAISE ENOUGH MONEY AND KICK START THEIR PRODUCT
The only tool we have for now as investors, is our personal ability to be able to recognise scam project, until there is a regulatory body that will help to protect against them. Those who got exposed to projects of this sort in 2018, now have enhanced or improved knowledge on how to recognise some of these projects. Although, it is quite unfortunate that these type of projects are many, even much more than the genuine ones. Notwithstanding, we can still recognise them.
In fact, most fraudsters are easily brought out of the shadows, which does not require any knowledge. There is a branch where suspicions are published, and I see that, as a rule, fraudsters fake photos and profiles. Therefore, each investor must first of all independently evaluate the project by analyzing the data.
This is a great concept which will benefit both investors and bounty hunters. I congratulate you for such a vision. A regular visit to this thread will help anybody to avoid working for nothing and investing a scam project that will bring a lot of pain and sorrow.
We must aware always for this kind of ico scam to avoid lossing money and work from it. Let's us know one by one for those project that have an future for our in industry.
If you choose from new projects, it is difficult to understand which of them will survive in the future. Now is a very difficult time on the market
We must aware always for this kind of ico scam to avoid lossing money and work from it. Let's us know one by one for those project that have an future for our in industry.
I understand how difficult it is to find ICO that has a future in many other ICO projects. in general we aim to develop projects to get prizes for tokens or we can develop our own products. Unfortunately in 2018 there are many ICO scams that are very worrying for investors. we need people who have serious ideas and projects in the future.
The point here is to identify that scam ICOs but wise scammers always develop their skills and they come back with different skills. Investor confidence level is down more than what we imagine imho, so only after mass adoption we can hope about bright future.
This is not easy though, because scammers are being very smart nowadays! They copied website web design from the successful project UI and then they make an infographic ICO timeline to make people believe about their fundraising! So, better is avoid ICOs and I already start promoting only STO and ICO project who have real products or news in big media. Everyone needs to research hard to avoid scam ICO projects.
So far, there has not been a single legal ICO, I think that we all rely only on some experience when choosing an ICO to participate in its bounty company.
Them biggest scammers of the year 2019
____4new .... http://4new.io ... this guys are so greedy it seems they didn't scam off enough money from investors by claiming to have a mining plant which does not exist... they decided to destroy a legit project named Airwire... Airwire.io by dumping off their token on exchange after a successful partnership... Airwire noticed what was going on and decided to call off the partnership
____swissalpmining ... http://swissalpmining.com
Alot of users may know of this one... https://shitcoinoffering.com/dead-snow-the-swiss-alps-mining-scam-ico/
Read above article for more clarification
____Giracoin ...
Same swiss scammer from swissalp mining...
____Tipbot .... http://tipbot.io ... Same user who scammed off users from a project named dividend in the year 2017 to 2018.. you can search out the word dividend from the search bar an see what comes out
More scam projects incoming
If Airwire could fall victim of such scam project through the partnership, it then shows how difficult it is to detect scam projects. $new successfully listed their kwatt token. At first, i wanted to invest in their ICO. I did nit do that not because i suspected they were scammers, but my instinct was not just going with them It is such a pity that Airwire became a victim. ____4new .... http://4new.io ... this guys are so greedy it seems they didn't scam off enough money from investors by claiming to have a mining plant which does not exist... they decided to destroy a legit project named Airwire... Airwire.io by dumping off their token on exchange after a successful partnership... Airwire noticed what was going on and decided to call off the partnership
____swissalpmining ... http://swissalpmining.com
Alot of users may know of this one... https://shitcoinoffering.com/dead-snow-the-swiss-alps-mining-scam-ico/
Read above article for more clarification
____Giracoin ...
Same swiss scammer from swissalp mining...
____Tipbot .... http://tipbot.io ... Same user who scammed off users from a project named dividend in the year 2017 to 2018.. you can search out the word dividend from the search bar an see what comes out
More scam projects incoming
2018 WAS A TERRIBLE YEAR BOTH FOR HUNTERS AND INVESTORS TOO MANY SCAMS AND FRAUDULENT TACTICS USED BY CHILDREN CLAIMING TO HAVE SOME IDEA WHICH THEY NEED A FUND RAISER FOR...
As a bounty hunter.. the worse thing that can ever happen to you in the crypto space.. is promoting a scam ico unknowing to you it's a fraudulent company
I AM CREATING THIS THREAD TO HELP SPREED THE AWARENESS OF FRAUDULENT PROJECTS WASTING OUR PRECIOUS TIME AND STEALING THE HARD EARNED MONEY OF INVESTORS..
PLS KINDLY PUT DOWN THE NAME OF ANY COMPANY YOU THINK ITS SCAM AND NOT WORTH INVESTING ON AND GIVE REASON WHY IT SHOULDN'T BE TRUSTED
..
THIS WILL HELP BRING BACK THE TRUST WE ONCE HAD IN THE CRYPTO SPACE AND MAY ALSO GIVE LEGIT ICOS THE CHANCE TO RAISE ENOUGH MONEY AND KICK START THEIR PRODUCT
I don't think that's going to work out. To this topic was high quality, you will need to recheck the projects that will be written by people.As a bounty hunter.. the worse thing that can ever happen to you in the crypto space.. is promoting a scam ico unknowing to you it's a fraudulent company
I AM CREATING THIS THREAD TO HELP SPREED THE AWARENESS OF FRAUDULENT PROJECTS WASTING OUR PRECIOUS TIME AND STEALING THE HARD EARNED MONEY OF INVESTORS..
PLS KINDLY PUT DOWN THE NAME OF ANY COMPANY YOU THINK ITS SCAM AND NOT WORTH INVESTING ON AND GIVE REASON WHY IT SHOULDN'T BE TRUSTED
..
THIS WILL HELP BRING BACK THE TRUST WE ONCE HAD IN THE CRYPTO SPACE AND MAY ALSO GIVE LEGIT ICOS THE CHANCE TO RAISE ENOUGH MONEY AND KICK START THEIR PRODUCT
We can prevent and we can fight those ICOS that are scam, first before we invest or work on icos we make sure we check the website or ico very well. check the team background and members, as a participant here in cryptocurrency i don't want to be scammed or fool by scammers so i will make sure to review well the project before i joined.
Unfortunately, many ignore elementary ways of identifying fraud, preferring to be on the list of deceived. I still want to believe that in the near future a control body will be created to combat fraud, using funds from a percentage of bounty companies for example
I support this thread since i am once a victim also of ico scamming but i cant put the name since they are totally vnished so theres no sense of being bitter mentioning their name
I will bookmark this so i have references for future investing and bounty hunting,lets bump this guys for many users may share their experiences on how this scammers move
I will bookmark this so i have references for future investing and bounty hunting,lets bump this guys for many users may share their experiences on how this scammers move
This thread will be helpful for all of us bounty hunters and investors. This market really does have a lot of scam projects and i think it's one of the reasons why crypto has a bad image for some people.
Creating a thread like this to keep posting just any project that one feel is scam might not be too good, because some people might abuse it.
Take for instance, someone who is not satisfied with a project, out of so many participants. He might come to spread a fake news about a genuine project.
I think it is best to use the scam session of the forum to report such project individually with reasons.
When people say it is a scam, it is not just a hunch. It is just really a scam ICO and therefore, there is a proof already they are a scam ICO. People will not randomly report any ICO without providing some proof therefore, their claim wouldn't be valid after all. Mostly bounty hunters will report on such scam ICO after finding out that they really wouldn't pay for the participants after all. Take for instance, someone who is not satisfied with a project, out of so many participants. He might come to spread a fake news about a genuine project.
I think it is best to use the scam session of the forum to report such project individually with reasons.
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