Topic: give an explanation about fake ico, and how to find out - page 3. (Read 566 times)
You can see it in the scam accusations and its sub forum investigations. There are many people who make a research of the ICO project, so asà every bounty hunter or ICO project investor is strongly encouraged to be active in both forums, at least they can avoid the ICO project which will lead to a scam or even they can make their own determinations to determine project scam and project legit.
Fake ico usually never launches their tokens to market exchangers so investors get a loss from the total amount of money they invest for the ico. so far I can't say for sure that ico is a scam or not. but simply to find out is that if the ico is not too long token to the market exchanger, it is certain that it has the potential to be a scam.
Before I Join the ICO I stdudied the project thoroughly sometimes I am already on the bounty when I smell something about the project. Then I left the campaign. The tip is make surw to study the project well, check the white paper, the team and the feeeback from people .
legendary
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I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project
Their white papers is the key to determine whether they are scam or not. You should better read it and you, yourself can easily know how good their project is, If it is attainable and not so promising but its plan is exact, do believe in it. Other thing is to look at their telegram account. You can see how many members it has, if many, do consider it as reliable.
But, however I've heard a service to create a whitepaper from scratch including the technical aspects aswell so I guess, if we can confirm whitepaper at the moment can be faked and need other method to find out.
I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project
Their white papers is the key to determine whether they are scam or not. You should better read it and you, yourself can easily know how good their project is, If it is attainable and not so promising but its plan is exact, do believe in it. Other thing is to look at their telegram account. You can see how many members it has, if many, do consider it as reliable.
Actually, the scam or fake ICO is very hard to analyze or to guess. They have great team that present the ICO likely the legit projects. They prepare the white paper and website very well. Additionally, sometimes they also have thousands members in their group I myself to analyze the ICO, I will check their team member one by one on the social media. Whether they are included in the project in fact or not.
Yes, that's right, it's very difficult to analyze ICO projects that have Scam potential. Because Scammers are usually smarter to deceive their victims, they present very good and very detailed data for fraud. So I personally, if I want to analyze the ICO project, I will examine the income from investors collected. If it has exceeded Softcap's achievements, I will join this project.
Actually, the scam or fake ICO is very hard to analyze or to guess. They have great team that present the ICO likely the legit projects. They prepare the white paper and website very well. Additionally, sometimes they also have thousands members in their group I myself to analyze the ICO, I will check their team member one by one on the social media. Whether they are included in the project in fact or not.
Actually my clear prediction about fake ico could merely do a hype on telegram. Without any good marketing strategy on social media and not even active on github they copy paste the whitepaper of most successful projects in coinmarketcap.
ICO are popping up too much so it's certainly not a scam and knows is something that is quite difficult. Some people in this forum will be able to analyze whether a scam and not when it is entered in the forum and will be disclosed to the public as a whole. but to identify it as well is not an easy matter.
I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project
Based on my past experiences, fake ICOs are not having well monitored sale and are only giving updates on their website. And also some things would be observed on their telegram because dev team are not giving any updates on the bounty program as well as the progress of the project itself. I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project
Recently, have a lots many scam, fake ICOs, It makes me and everyone tired. There are many ways to find out fake ICO.EX:
You can look on website ICO: If's under 3 months, 90 percent it's bad site - Check here: https://www.whois.com/whois/
Also. You can see team and check photo of the team
Read and check WP. Thank you!.
It is not hard anymore to find the fake ICO, this year for plenty of scam ICOs, people are getting smarter to find which ICO is the scam or will fail. You need to look through their whitepaper, team members and telegram activity! Most of the fake ICO doesn't have a good team member profile, they always steal team member's picture from other projects, so you need to search their picture on google, and you should read their whitepaper, they always copy paste or plagiarism, and you will see more than 50K Member in their telegram group with zero activity! These things are a good proof to find a scam, fake ICO. Be aware of it.
Try search on this thread https://bitcointalk.org/index.php?board=83.0 , any members here make reports about projects that have been identified as scams on this thread. and reading the project whitepaper if you have read some whitepapers You will be easy to determine whether the project is promising or not, this step is very helpful for me maybe you need to try it.
I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project
If no MVP this is a scam ICO. If it has MVP then check it. Scam projects like to show apps on Apple store and google play market that don't belong to them. They just emulate the websites similar to the websites of real owners of the app.
You have to watch the project and check for inconsistencies. Things that make the red light light up.
Something strange about the project, fake hype, shilling, unknown team, team caught lying. There's a lot of it. If you're to spend money you better know it all before you do.
If you're not sure don't risk it. It's always better to be cautious and not lose any money.
Something strange about the project, fake hype, shilling, unknown team, team caught lying. There's a lot of it. If you're to spend money you better know it all before you do.
If you're not sure don't risk it. It's always better to be cautious and not lose any money.
There is no controller. At this forum somewhere else. It is simply not possible to make it. There is a lot of projects, but to watch their honesty there is nobody. It does everyone for itself.
its not too hard actualy
I'm just looking for legit ico on rating platform like tokengrade.com , ico bench etc
I can only believe in projects whose teams have been verified by KYC it's for how I can choose a good ico
Not all ICO rating sites are giving accurate reviews for those ICO's. I'm just looking for legit ico on rating platform like tokengrade.com , ico bench etc
I can only believe in projects whose teams have been verified by KYC it's for how I can choose a good ico
They can pay for the good reviews even they are hiding themselves under a veil. There are DT members who have been busting scam ICOs voluntarily and as part of the community, we need to contribute of the same. Warn people if you caught one.
I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project
Good suggestion but I guess admins here in the forum are aware of the rampant scam ICOs but still don't have a perfect solution fort his issue, I hope they are on the works. While we are waiting for that to be realized, please follow this thread https://bitcointalksearch.org/topic/list-of-scam-ico-proved-4981560 about the proven scam ICOs so you could be aware and protect yourself.
I don't think mods would have the time to review or verify an ICO before it is posted on the forum however it is the duty of the community, you and me to always check those ICO and do research on it and report it as a scam if it is found to be so, that way you are contributing positively yo the forum. Many people have been doing this for the community for some time now.
legendary
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Merit: 1028
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Finding out the differences between legit to fake ICO's is quite difficult especially when it comes to projects statistics or projects main idea. Sometimes fake ICO was very realistic and that's the reason why there are so many people especially investors are being scammed. But with the help of some legit site that observe ICO's development and roadmap it could be prevent widespread of scam of fake ICO.
Not that difficult if you know the basics, scam ICO tend to use fake LinkedIn and random people's photo profile aswell. If you take a look, their picture always somehow quite fishy and do a google image research on that one. It's quite easy. However, whitepaper could be bought from someone else but the authenticity and how the whitepaper stands with logical and technical explanation is what matters most. Jump to: