Topic: How to avoid ICO scam - page 13. (Read 7826 times)
100% of the guaranteed method for determination of skam ico unfortunately don't exist. But your chances of success can increase if you attentively check the ico team, check realness of the project and its viability.
I mean, is there an exact list of rules that could guarantee that someone who follows them will surely not become a victim of another ICO scam. Of course there are obvious rules like event participation, reputation of team members among ather prifessionals, approve by well-known advisors. But potential scammers also know all these criteria and know what to fake exactly.
Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.
Would be appreciate a link to an old thread, perhaps I just didn't find it.
UPD Best Advices:
Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.
Would be appreciate a link to an old thread, perhaps I just didn't find it.
UPD Best Advices:
- learn about previous ICO projects, select viable ones and participate similar ICOs
- invest in an ICO with a working prototype only
1.Read the Whitepaper
2.Check the roadmap
3.Check the background of the team and manager
I think these steps will be a help for you long term.
Good whitepaper and roadmap can not guarantee anything.
If people are not completely stupid then they can write a normal road map without problems.
Even after analyzing everything, there remains the chance that the ICO will fail.
I would say that 50% of the success of the bounty compaign is luck
Yes that is right but you actually can't learn much from the past. It is what it is now and in the future.
Also I want to add some more important factors that you want to look at. They are the whitepaper and the team members.
White paper says everything the project will be about. And the team members, the main people matter. If they look fake, the project will not go any where further than a scam.
Also I want to add some more important factors that you want to look at. They are the whitepaper and the team members.
White paper says everything the project will be about. And the team members, the main people matter. If they look fake, the project will not go any where further than a scam.
In order to avoid the scaling of the ICO, it is necessary first of all to study in detail the company that conducts its ICO, check the team in social networks, advisers, read reviews on the Internet, rate companies, assess experts, read white paper, road map. And only after these simple actions to make decisions.
Yes, scam ICOs impersonate people with integrity in the crypto space. It might be hard for the person that is just coming newly into the crypto space to detect this. The ICO listing sites would have been in good position to help detect scam ICOs, but so many of them are compromising.
That's why you need to check linkedin profiles of the team. Their names can be faked, but it is very hard to fake linkedin profile.
Ico scams are becoming one the hot bed in crypto industry this is because some focused on profit maximization. So it's vital to first analyze the white paper and the road map for any project before investing in any.
Yes, scam ICOs impersonate people with integrity in the crypto space. It might be hard for the person that is just coming newly into the crypto space to detect this. The ICO listing sites would have been in good position to help detect scam ICOs, but so many of them are compromising.
I mean, is there an exact list of rules that could guarantee that someone who follows them will surely not become a victim of another ICO scam. Of course there are obvious rules like event participation, reputation of team members among ather prifessionals, approve by well-known advisors. But potential scammers also know all these criteria and know what to fake exactly.
Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.
Would be appreciate a link to an old thread, perhaps I just didn't find it.
UPD Best Advices:
Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.
Would be appreciate a link to an old thread, perhaps I just didn't find it.
UPD Best Advices:
- learn about previous ICO projects, select viable ones and participate similar ICOs
- invest in an ICO with a working prototype only
1.Read the Whitepaper
2.Check the roadmap
3.Check the background of the team and manager
I think these steps will be a help for you long term.
If you invest in ICO, then you take the risks associated with it. The situation in the market is very unstable and you can lose money even if you invested in a good project. I think it's better to buy tokens after they have already appeared on the exchange
You will never be 100% sure if an ico is a scam or not. Of course there are indicators, some ico's are just so obvious that it's funny but others look extremely promising but then they suddenly fall of the grid. I don't really mess with ico's, I happily hold the majority of my assets in bitcoin.
There is no a hundred percent guaranteed to distinguish if the ico is scam or not but better if you do some research about the ico that you will trying to join to avoid scam.With knowing that everything has risk, we can make actions to lower the risk. When we
speak about ICO`s research is very important. Superficial or deep, how much effort you invest
in research that much you can lower that risk`s.
Until now I have 5 successful bounties behind me, I didn`t make mistake when I was choosing
bounty campaign. I invested my money to, that`s how much I was sure in my decision.
You will never be 100% sure if an ico is a scam or not. Of course there are indicators, some ico's are just so obvious that it's funny but others look extremely promising but then they suddenly fall of the grid. I don't really mess with ico's, I happily hold the majority of my assets in bitcoin.
There is no a hundred percent guaranteed to distinguish if the ico is scam or not but better if you do some research about the ico that you will trying to join to avoid scam. 
This is very hard to see a scam because now the scammers disguised themselves very well. You can choose some good resources for scoring ICO and trust them.
actually this question is very uptade as unfortunatelly there are a lotnof scam coins right now and i do not know what to do with it
Such altcoin as have OSA DC as I think will grow in price and deserves attention
To reduce the risk of investing in a scam project it is necessary to conduct your own research:
- check the team and the founders of the project for ready-made successful projects
- pay attention to project partners
- read about the project at specialized forums and media
- read white paper
- answer yourself to the question, does this project solve specific problems of society?
- check the team and the founders of the project for ready-made successful projects
- pay attention to project partners
- read about the project at specialized forums and media
- read white paper
- answer yourself to the question, does this project solve specific problems of society?
Such projects can be eliminated only by the forces of the forum, with joint interaction!
There are many requirements to look for when making an investment decision, but there is no guarantee that you will not be scammed. I had such an experience when I had all the ticks on the ICO, I was considering it as a safe investment and later on they not delivered and scammed us.
Have you read this article
http://cryptofinance24.com/how-to-choose-an-ico-to-invest-in-p241-170.htm
I found it helpful, i knew what to keep in mind on the next ICO
There are many requirements to look for when making an investment decision, but there is no guarantee that you will not be scammed. I had such an experience when I had all the ticks on the ICO, I was considering it as a safe investment and later on they not delivered and scammed us.
honestly even after conducting a good analysis of the project you can stumble on scammers, so that with confidence to say what method will suit I can not
I thınk you can't avoid scam ICO's if it is in your faith 
because they can look legit and after six months past of their ico they can say we are done we can't deliver this product because of this because of that bla bla.. You can protect this situation with blockchain or nothing else. If you are not a risky person you need to go on with BTC LTC and Eth or really good proven altcoins.
yes, things like this are exactly what I experienced, after 2 months I worked for them but at the end as you said, "they can say that we are finished, we cannot send this product because this is because blah blah", my heart is very disappointed to hear this, because my work is not appreciated and they underestimate it. because they can look legit and after six months past of their ico they can say we are done we can't deliver this product because of this because of that bla bla.. You can protect this situation with blockchain or nothing else. If you are not a risky person you need to go on with BTC LTC and Eth or really good proven altcoins. 
In order to pick up a worthwhile project, just pay attention to what makes any project being a real project: understandable and reachable idea and concept (something, what is gonna be useful/used by you/used by loads of people); solid whitepaper and understandable roadmap; website; presence of MVP; linkedin profiles of team members (they in their turn must be very experienced and competent in the area they're working in); media coverage; active community support, etc.
These are the criteria of a promising and successful project...
These are the criteria of a promising and successful project...
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