Topic: give an explanation about fake ico, and how to find out (Read 548 times)

addressing and filtering the ICO scam it's not easy to do. only with the analysis and sharing of information then this could to overcome. Anyway too much ICO are popping up also if to analyze one by one is not easy and will take a long time. ICO scam aims to dupe people who don't have a deepening good crypto and this will be a lot going on.

I disagree, there are some projects that are very obviously a scam and as such people can publish the results, there are some other cases in which things are not so clear but it can still be worth to publish the results of your investigation so the developers of that project can clear the doubts that you have about their project, and if they don't then the likelihood of the project being a scam is very high.

We have no way of knowing with 100% that ICO is a fake or not. There are a number of criteria which I personally consider before deciding to invest in ICO or not.
1. Team profiles on different social networks. If it is a fake, then you should think.
2. A work product. Today it is difficult to trust without a product.
3. To learn a technical document and telegram chats.
4. You can ask in the telegram chat about an amount of funds that has been already collected, and request the wallet address for making sure. If the team gets in touch with you and provides information, it means they have nothing to hide.

That's true, it's very difficult to know whether the ICO is a scam or not now. Sometimes the project looks so good, so potential, so real, but it turns out that the project is scam. We need to be very careful, we should know all the information about the project well before deciding to join that.

I suggest you to research more deeper.. try this..

Firstly :
Im more interested to ICO who have work office. Usually, you'll find an office address on bottom page of ICO website. Then, find them on google map to make sure that project (company) is available.

Another Ways :
Find team on google, usually, team of ICO have a linkedin account, and see his current work position, then find his social media (twitter, facebook, etc) to see his activity and update.

That was optional ways to avoiding scam/fake ICO and make sure before investing your money to ICO.

Even ICO has reached the hardcap still scam. Do you know the cryptassist project? This project raised 50 million $ at the ICO and after the ICO ended, they disappeared and did not make any updates to the investor and I was scamed quite a lot in this project

No one is sure whether the ICO is a fraud and knowing that how much can be invested in ICO profitable, many are still trying to invest in and choose good projects.

This issue has been discussed many times. Unfortunately there is no easy way. And even if you're careful, there's still a risk of investing in the SCAM ICO.

Even the most promising ICO can turn into a scam project. This year many of the promising projects makes me really frustrated. I believe making an ICO must not be easy like that. Crypto do not need regulation but ICOs are needed to be regulated to keep crypto world healthy.

I pay attention to the white paper of the project and the development team. Having studied these two aspects, we can draw a conclusion for ourselves, but it still does not give a hundred percent guarantee.

Even though we had a basis to see which ICO is fake still we can not identify it easily,because some ICO scams are good you can not identify what is their intention. The only thing we need to know is to check the background ofbthe project team and the project manager if they had a good experience when developing and handling ICO projects.We need to an assurance before we proceed to participate.

Look at the projects that turned out to be a scam, they still have a lot of traces left on the Internet, they all made the same mistakes that you should be able to find.

Too simple, everyone will recognize if the project does so. Now the project looks very real, but its true nature is scam. They still develop their project until the end of the ICO for several months, then gradually they will abandon it. That is how very smart scam of the ICO

In general, one cannot be 100% sure that another project will be a scam, that is why people do not always publish their investigations!

You this only 26 October noticed? This forum already has a lot of topics on how to do an ICO analysis of the project you want to invest in or whose bounty you want to participate in. Still, with such a plentiful number of fraudulent projects, you will encounter them very often.

Fake icos are dead and scammy  projects established by unknown scammers .As a result ,many crypto traders have lost huge fund on fake icos.This occurs because many traders and investors are not researching,evaluating and checking the veracity of the truth in what they aim to invest in.
Sometimes ,developers of fake icos present poor written white paper ,and some fake icos don't even have any well written white paper.If there is no white paper showing the roadmap of the project ,it means the developers are not prepared.Some fake icos have no website,twitter,Reddit and facebook.However,fake icos are backed by faceless developers who keep on telling people how profitable  its ico will be.When you see all these things i mention above,you don't need anyone to tell you the ico is fake.
Everyone know that marketing is highly important in fund raising.The question is,why are some developers lunching icos decide to be faceless?Sometimes,one need to know the team leaders of the project he wants to invest in.I pointed this out because if you know the team behind a particular project,you can know what the team can do.
To make the matter worse,some developers of fake icos hide their country of origin,and people are investing without checking the true identity of the developer.when you interview the develooers of fake ico,you will know because they will be telling you unrealistic things.

You can really never know if that ICO would be fake at the end. Sometimes an ICO could be great with their background but still be a scam project in the end.

     It's hard to know if your project is SCAM or not. Better research needs to be done. It is simple, however, to choose a project that is not SCAM. You need to track and choose projects where managers and founders are known and have been successful in the past. If you sign up for reward campaigns or choose investment projects with unknown managers, go a little at risk. The crypto market also involves risks, so it's worth trying as long as you invest just the money you do not need for your daily expenses.

I agree with the fact that there should be some kind of way to verify that the icos are legit before they are put into the market, so many people are now putting a lot of their time and effort and money into fake icos without knowing and it is affecting the credibility of the crypto market. They need to be stopped and there needs to be some way that the icos can get vetted properly

In order to evaluate the ICO project, I look at the product of the project and also how the developers evaluate their product, that is, how adequate the project cost is from the developers.