First Indicator of a Scam ICO | Bitcointalksearch.org

triciaa478

member

Activity: 350

Merit: 10

Quote from: panduryk on December 12, 2017, 08:04:57 AM

I think on such factors.
1. Is the site well made?
2.Read the white paper
3.Long time there is no news
4.Bounty theme is not updated and the questions are not answered by the bounty manager

I agree with the fourth point. I involve in a campaing , where there spreadsheet wasn't updated for stake distribution, and finally we werent' answered in the telegram group. It later turns out it was scam.

ss890

sr. member

Activity: 644

Merit: 263

Quote from: triciaa478 on December 12, 2017, 07:59:40 AM

Can you be specific the first thing that indicate to you an ICO might be a scam ?

When the ICO is published these developers will have the road map and with white paper published on their respective media. These documents clearly states that how much the team is going to hold and for how long. If they are going to hold it only until the listing to exchanger then there is possibility that they will see out huge amount of coins leading to dumped prices.

For this to overcome, genuine ICO team will publish clearly that any unsold coin during the ICO crowd sale will be burnt away meaning those coins will never exist there for buy or sell by anyone. Thus this makes the sense of reality where you can have assurance of devs team not gonna mess with the coin before you.

semobo

full member

Activity: 1498

Merit: 146

Quote from: triciaa478 on December 12, 2017, 07:59:40 AM

Can you be specific the first thing that indicate to you an ICO might be a scam ?

You can find it in the whitepaper of that project if there is less transparency then it maybe a scam ICO.And if the project was made in short term without any goal is a sign and project team without any history about their work is an Scam.

panduryk

full member

Activity: 516

Merit: 105

I think on such factors.
1. Is the site well made?
2.Read the white paper
3.Long time there is no news
4.Bounty theme is not updated and the questions are not answered by the bounty manager

withche.07

sr. member

Activity: 549

Merit: 259

Blockchain with solar energy

Coin or token distribution is one of the first indicators. Some developers try to portion their coin as %50 (general expenses or dev cosrs) that basically shows they plan to become rich quickly by holding big portion.

triciaa478

member

Activity: 350

Merit: 10

Can you be specific the first thing that indicate to you an ICO might be a scam ?

Topic: First Indicator of a Scam ICO (Read 138 times)