How can the ICO scams be identified? - page 3.

gabum19

jr. member

Activity: 224

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Quote from: Sysmark on May 07, 2018, 06:13:19 AM

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

It is hard to choose and trust ICO now a days, there are many promising projects they offer you can be a victim of scam if you wont research their platforms. Try to read all their project check the developer and their whitepapapers.goodluck be aware.

HaekalZ

jr. member

Activity: 378

Merit: 3

Quote from: Sysmark on May 07, 2018, 06:13:19 AM

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

ICO scams can be identified for sure is because when we won't get pay for what we did in the ICO, before that, we also can do a research to identy that ICO is a scam or not, we have to check the project and also the developer of the ICO

alimarh

member

Activity: 238

Merit: 10

You can easily identify scam ICO by going through their team members, No team with a reputable record would want to get involved in scam and kill his or her reputation, So it is mostly scam team to get involved into ICO scam, so go through the team members, if you can't find a credible information about the team members, it is likely it is a scam.

tyronecoinbit

full member

Activity: 359

Merit: 100

Quote from: AgentZero23 on May 08, 2018, 01:17:40 PM

Nowadays it's really hard to know if the ICO is scam. Because some of them are really organized that investors will fall for its marketing strategy. But one thing is for sure if the project dev are not active in there social media and hiding there faces in some cartoons images in their team photo. Then it's a very high chance the project is a scam.

Yes you're right, nowadays it's hard to know if the ICO is a scam or not. Well, on my part I will do.research the kind of ICO that I want to join which in some point it should be detailed and explained well their different informations unlike those probable scam ICO which could be attractive but not as detailed comapre to those legit ICO. Also, I will refer on the bounty manager that will handle the ICO which has more experienced comapre to other unknow bounty manager.

ilovefeetsmell

hero member

Activity: 686

Merit: 510

Quote from: Sysmark on May 07, 2018, 06:13:19 AM

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

You can't easily determine if the ICOs are scam or not. Scam ICO have techniques to make people believe and to trust them. Based on my observations about unpayable ICO, the teams are not able to present their contacts and identity, less information, and through their whitepaper, you can detect whether the ICO is scam. Less information you will get, the chance of scam ICO you can get.

leetcoiner

sr. member

Activity: 1056

Merit: 251

If you want to identify ICO scams you should analyze of white paper, team, web site, social media, the core idea. Also pay attention to details.

doynemi

jr. member

Activity: 196

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personally, to detect that ico scams is the team never update information about their ico, after that team also cannot be contacted. if you have found a sign like that you should immediately avoid the ico and move to another ico.

Xmm

full member

Activity: 440

Merit: 100

This has already been discussed and discussed on the forum, but I recall that it is sometimes enough to study the project team and it becomes clear that it is SCAM! To believe ICO ratings is not necessary, because all these ratings are bought.

Dobmader

full member

Activity: 165

Merit: 100

its easy to identify the scam ICO. you just research about the project if their developer are not work properly and webpage are not made by professional developers and read the whitepaper if it is not clearly show detail about the project and project owner did not spend their money on advertisements and market side then we can say it a scam ICO. before investment we should keep all these thing in mind.

Pumapipa

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Activity: 462

Merit: 100

Quote from: PsylockReborn on May 07, 2018, 06:19:41 AM

Quote from: Sysmark on May 07, 2018, 06:13:19 AM

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

It's really hard to tell whether an ICO will scam you or not but there are some certain measures that you should be doing before investing in an ICO. For you to be able to know about the project you should read the whitepaper for you to understand the nature of the project whether it is realistic or not. It is also very important to know the people behind working with the project. You need to research as well of the possible affiliates that this project have to back them up for their development. Make sure that the project will also address a certain problem that most tokens or coins wasn't able to deliver for it to be useful and have value when its launched to the public and always follow your gut feeling and intuition almost all of the time it's correct when your in doubt about investing into a scammy project.

in my case,I have been scammed twice and I have learned my lesson. I will be sharing some of the tried and tested tips:
1. Website: a good website is a must and will show you that the project is well funded.
2. White paper and roadmap : with this you can really identify as to where the ICO is heading to and the targeted goal for the year.
3. Uniqueness: good ICOs stand out from the rest because of the unique feature that they offer.
4. Reputable bounty manager
Hope this one helps.

maremostro

newbie

Activity: 210

Merit: 0

Well One way is to invest in projects like Blockchain Hotels ... Checking out their web page and acknowledging the level of dedication and quality of the content is a sure way to bet the bulls eye. But even if u loose money on a scam consider a project called crypto police!!!

Ejanend

sr. member

Activity: 460

Merit: 254

it is not easy to identified about scam or real project . if you want invest in ICO you should first read the white paper and understand the detail about project and the nature of project. you should search about the developers profession. that developer are real or fake and research about the token that tokens are convertible to your wallet during investment or not. now a day their are alot of scam ICO you must be research about good ICO.

themistocleess

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Activity: 392

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There are a lot of waysto know it is a scam or not: just read whitepaper and analyzing the Team assemble are a bit of the best courses for checking.

vetrovppp

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Quote from: idioma1 on May 08, 2018, 12:42:09 PM

Before investing in any ICO I often deepye research the project. My advice is to pay attention whether the projects has a ready-made product as it is some kind of guarentee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes stright to thir goal and will not give up.

So it really is very good when the project already has a finished product that is already working. This is a guarantee that the project will work in the future and will not be fraudulent.

AgentZero23

member

Activity: 644

Merit: 10

Nowadays it's really hard to know if the ICO is scam. Because some of them are really organized that investors will fall for its marketing strategy. But one thing is for sure if the project dev are not active in there social media and hiding there faces in some cartoons images in their team photo. Then it's a very high chance the project is a scam.

miyaka26

full member

Activity: 476

Merit: 105

Not just your money is at risk with these fraud ICO's but your own identity and your documents for the compliance of the KYC, most of the projects these days required their investors, participants even the bounty hunters to comply and submit their own identity and scanned documents to have the contribution to the token sale, must be extra cautious for participating in a project, research, observe and look for the legitimacy of the ICO, there are a legit and a scam projects so beware and avoid those frauds.

idioma1

newbie

Activity: 266

Merit: 0

Before investing in any ICO I often deepye research the project. My advice is to pay attention whether the projects has a ready-made product as it is some kind of guarentee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes stright to thir goal and will not give up.

waterproof

member

Activity: 336

Merit: 14

How can the ICO scams be identified?
I think this question is of interest to many investors. Earlier there were much fewer IСO and investors were easier. IСO passed for 1 one hour. Now, even a real project can not collect the necessary sum!

eaglewhite80

member

Activity: 406

Merit: 36

Quote from: drogas on May 07, 2018, 06:39:58 AM

There are a lot of ways: whitepaper and researching the development team are some of the best ways for checking.

Whitepaper should always be the last in my opinion as that should even be read at your own leisure. However, the most important things to always take into consideration would be the availability of a product and the availability of a very good team. It is more like you trying to invest in a company and you really do not want to be investing in people with low experience or a lazy team with no product who are just looking for ways to scam people and get rich quickly by dishing out empty promises for gullible investors to invest in. By the way, in case you do not know, white paper can easily be dubbed.

masterfocus

jr. member

Activity: 283

Merit: 6

In my opinion, another way to check is an ICO is PROBABLY a scam is its website: if it's poor designed, if there's not good security measures (like 2FA, for example), probably it means the owner isn't so serious about the project, so it's an indication of scam or bad project.

Topic: How can the ICO scams be identified? - page 3. (Read 697 times)