Topic: How to avoid ICO scam - page 22. (Read 7844 times)
The point is to have a good product and team. If ico does not have these two things I do not bother looking for them further afield I really do not know about this. But little by little I taught my friend to avoid ICO scams. There is a long list of needs, for example you have to learn every team member and you should also ask your friends who are experienced with this sort of thing
I thınk you can't stay away from trick ICO's whether it is in your confidence Cheesy on the grounds that they can look genuine and following a half year past of their ico they can state we are done we can't convey this item in view of this on account of that bla.. You can secure this circumstance with blockchain or nothing else. In the event that you are not an unsafe individual you have to go ahead with BTC LTC and Eth or great demonstrated altcoins.
Mostly when you want to avoid ico scams then you want to stay away from following the hive mind which is basically investing in a project because you see a lot of people talking about it without doing any research of your own. Educating yourself about a project is the best way for you to tell if that project is legit or not, there will be something that you find that will tell you if its any good
many people want to earn a quick profit by creating a fake ico project to raise funds from investors. Lately a lot of ICO scams have sprung up, although it involves members of professional teams in them. before we want to invest in ICO should conduct further research and gather information from reliable sources to avoid ICO scams. Sometimes it's not just investors who are hit by ICO scams, prize managers are also lately being the victims of scammers from fake ICOs so that their reputation becomes bad.
To avoid such scam ICO, you should gather information and take the information of the team and also read the whitepaper if they have.
Well I think if there is colossal publicity around the token/coin that they are advancing and on the off chance that you ensure it is as of now recorded/going to be recorded at trades in addition to you get a decent size reward for getting it than you can't generally turn out badly. In the event that there is interest for the token, paying little heed to whether the ICO is a smart thought or not than the token/coin has esteem. That is the things I search for in them.
To avoid fraudulent projects, you need to carefully study the team and technology of a project. So you minimize the risks of losing your money. But this does not give an absolute guarantee.
There are many ways to avoid the scam ico. But sometimes if we are not lucky still it will be a scam ico. First you should see the whitepaper and read the purpose of the project. Seeing the roadmap also I think is important. After that you can see the team from the project. Is that a professional team. And look at the enthusiasm of this forum community on the project.
Reading whitepapers takes a lot of time. I am personally readin only one-paper and some reviews from trusted site.Also the team of ICO is very important, you should look about past experience and so on.
Look for a team that's run successful business in the past.
We all agree to the fact that it is very difficult to predict a legit project but some features of a project make it possible for everyone to say an ICO is suspicious. A clear example is when the team members try hiding their identity. 99% of ICOs that hide their team members identity are scam ICOs.
Experience my friend… You have to be fooled many times until you got smarter. Just my 2 cents. Because no matter what others tell you about scam ICO, you will likely still invest in it if it hooks you up.
I thınk you can't maintain a strategic distance from trick ICO's whether it is in your confidence Cheesy on the grounds that they can look genuine and following a half year past of their ico they can state we are done we can't convey this item as a result of this in light of that bla.. You can ensure this circumstance with blockchain or nothing else. On the off chance that you are not an unsafe individual you have to go ahead with BTC LTC and Eth or great demonstrated altcoins.
In any investment there are risks. Fraud in the ICO is almost impossible to consider. My opinion is that for ISO projects it is necessary to establish a requirement to develop and implement a money back algorithm in case of an unsuccessful project outcome.
I think it is really hard to see good ICOs today because there is not just one but too many such that people will be dividing investments from one ICO to another. And with these situation ICOs could barely rich softcap and will end more like a scam. I think this is what is happening for most of the time
Its so hard to determine if an ICO is scam, sometimes you can only know it if the project is already done. even if the ICO is good and their platform is promising. so the only way to determine it is to check their background very well and do research a thousand times if needed.
You are right in that scammers know all of this and are obviously trying to make their scam look legit. I also use quality and originality of the idea, what the website looks like and whether the team members are active in the cryptocommunity.
It has always been thought that an excessive number of ICOs will lead to a large number of failures. It does not matter whether it is at the fundraising stage or when it comes to presenting an actual project. It is difficult to establish the exact figure, however, the majority of doubtful ICOs remain a scum.
Saving from the scum is just an experience and luck ...
It has always been thought that an excessive number of ICOs will lead to a large number of failures. It does not matter whether it is at the fundraising stage or when it comes to presenting an actual project. It is difficult to establish the exact figure, however, the majority of doubtful ICOs remain a scum.
Saving from the scum is just an experience and luck ...
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.
To be honest, Initial Coin Offerings hardly are complete fraud. I think that the irrefutable crunch tends to be usually a poor economic idea.
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