To avoid ICO scam:
1. Be careful never to admit
The first step for investors to undertake is to conduct in-depth research on a project. Infinite investment in ICO can bring huge profits in the distant future, but it also significantly increases the chances of investing in a fraudulent project. Unplanned ICOs must be avoided, as it is a minimum requirement for any serious project. If the company or project can not convince you of its application possibilities, you should not steal your wallet for them.
â.Avoid address spoofing
In many cases, we see people distributing fake Ethereum wallet addresses to participate in a pre-ICO algorithm. This mainly happens on Telegram, but Slack can also have similar problems. Never trust the address of an Ethereal wallet sent by someone you do not know on the internet. Do not ask for these addresses, because all you have to do is just a big donkey. Use the information provided formally and the address displayed on the legitimate ICO website.
Topic: How to avoid ICO scam - page 24. (Read 7826 times)
To be able to avoid ICO scam you must know how to do your research as an investor. You must first read the white paper of this specific ICO before you invest to know if they are legit and you must see the name and face or identification of every member of their team. Though many ICO are really scam today even if they give complete information about their project and their team. Making research is a factor to avoid ICO scam and you must read other trusted people`s feedback.
I guess the best way to avoid ICO scam is not to invest in ICOs at all That's the only way to be sure. And it is not really as bad as it sounds. One may still explore the ICOs which seem interesting and invest in them when the coins are released. I think that mostly the prices don't differ much from what they used to be during ico when the coins start to appear on exchanges, whereas the safety obviously grows a lot since you can be sure you'll be able to sell the coins just as you were able to buy them.
I think the scammers come across naive people who believe in fantastic headlines and promises. You can't just take and generate unreasonable profit.
Here are some additional tips: https://icoguide.com/en/blog/how-to-identify-scam-icos you might follow them.
More search and reading is the first step you need to do, then you will find your own solution. But there is no 100 percent sure or guarantee to determine whether that ICO you choose is legit or not scam.
Also it is necessary to learn about the team and make sure that its members do exist
It's really difficult to avoid scam ICOs because all most all of the ICOs look promising at first. You will only know it's a scam after the ICO is over because there's a slow development or no development on the project at all once the project is over. That is why most investors are just waiting for a project to be listed in exchanges where they can buy it cheaper....
It is better not to invest in ICOs if you have little experience with this. You will only lose your money. It is better to buy coins that are already traded on the exchanges.
There are many criteria for evaluating and verifying ICO projects. The most important are documentation and information about the team. Pay special attention to this.
There s always risky.To avoid the ICO scams, you have to take your time studying the project carefully and reading its whitepaper as well. It takes a lot of time(((
The most important thing in any business is people, for this if the project is developed by people who have good experience in large companies and who are public, then most likely this project will have a further successful life
The most important thing in any business is people, for this if the project is developed by people who have good experience in large companies and who are public, then most likely this project will have a further successful life
Generally, it is difficult to detect the ICO project as a fraud in the early stage.
You can study who has a strong team, a trustworthy concept, and whether they are super active on social media.
You can study who has a strong team, a trustworthy concept, and whether they are super active on social media.
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.
It's virtually impossible to get a 100% guarantee concerning any ICO, considering the fact that the team and advisors cannot guarantee that the project would be sold out. Secondly, Just like our offline business, you can attest to the fact that many start ups tend to fade away as a result of various issues outside the control of their owners. Even when the team appears to be legit, the project could be faced with hurdles which may be difficult to surpass.
The most important thing in any business is people, for this if the project is developed by people who have good experience in large companies and who are public, then most likely this project will have a further successful life
Some ICOs are obvious scams. There is no way for you to find out if the ico is a scam or not because some of the developers are just scamming their bounty participants at the end of sale. Thats why I think we need regulation from government about ICOs. Its hard to know ICOs scam or not because sometimes they have profesional team. I think the best way to avoid from scam ICO is always reading whitepaper but its not guarantee us...
If I want to do that I would take a look at specialists advices list, there are some good ico experts out there you can find them on Twitter, after that I choose some of the best ones and then read their white paper and check out their team resume, and then may be I choose one or two of them or just don't choose any of them, I'm hard to impress and I don't like to loose my money.
Maybe the way to scam is very difficult because to avoid ICO scams, but we can learn by considering deeply before we will invest in the ICO, if I think the only way to avoid it is we must be extra careful. Of course, fraudsters may know what they should do, but if it's a scam, then there might be a shortage somewhere and that's what we need to find, so we do not get scams and lose our money, I think joining the popular ico and recommended is great way because if the professionals advise it, then it has a small chance to become a scam.
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