The question is what research is that? Research about team, idea of the project and also working product. I think its been answered many time but its still difficult to do.
Topic: How to avoid ICO scam - page 27. (Read 7826 times)
First you can be sure that the project and website is looking good. After that, you should read their whitepaper carrefully and try to learn something about dev team members.
Based on the experience of those who lost their money in such situations. It is not always possible to predict fraud even if you have studied everything well. So if there is even the slightest doubt - then do not take chances.
To be preserved before buying tokens on ICO.
If serious. I usually pay attention to many factors. I look at the members of the team, what events for investors they conduct. I'm looking at ICO surveys on specialized websites. I study the statutory documents.
If serious. I usually pay attention to many factors. I look at the members of the team, what events for investors they conduct. I'm looking at ICO surveys on specialized websites. I study the statutory documents.
If you want to prevent yourself from being deceived, you need to do some basic steps. First of all, you can understand who is involved in the project and who is the project consultant.
Even in a nonphysical cryptocurrency world, investors need to check people's reputation, popularity and seriousness before deciding to invest in token sales. After validating the project's goals and the utility of the new token, you can check the team's background through social networking, such as whether to get authorization, etc.
Even in a nonphysical cryptocurrency world, investors need to check people's reputation, popularity and seriousness before deciding to invest in token sales. After validating the project's goals and the utility of the new token, you can check the team's background through social networking, such as whether to get authorization, etc.
Actually it's quite hard work to avoid scam ico. But if care some points like, proper white paper, strong team, believable concept, super active in social media then you can understand which one promising ico and which is not.
All the important things you listed above are true. But I do not think it is true. There are many projects that spend a lot of money to promote their ICO. and then the project can die at any time
I usually check the "code" to determine if it is a good project and avoid scam. If you have programming , you should check their code on Github or Sourceforge. If the project have no link to the code at all, it may bad, scam projects. You should be careful when investing. Everything can be false, but only technology, code is real.
To avoid being scammed by ICOs, I think the most important thing is you have to read. Please read the project's whitepaper as to whether this project was created for what purpose, potential or not
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:
Learn about the project. 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
The most important thing is not to carry on money. It's too tasty a piece and the crooks use it as bait. So be careful and know all the price.
we do not really know how to know ico scam. they are experts at doing so. initially, they are serious in finding investors. after the hardcap is reached? many of them run away, or do not pay bounty.
You need to collect a lot of information so that you can know more about the ICOS you want to invest. Enough knowledge and confidence will enable you to successfully use ICOS.
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
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 so you should always ask the manager of the campaign before joining on what's the requirements like KYC if its recommended.
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:
I would like to agree with a second advice - "invest in an ICO with a working prototype only".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
It's very important to know that project/team is already working on product and testing it.
Otherwise if there is no existing prototype it means that idea can be just a simple fiction.
Last investment - Welltrado. Existing prototype, interesting history and bright future.
There are scam bounty exist and it is our responsibility to reject and avoid scam bounty to save our time and enegy.First step to read white papers and if you find no match in facts and figures it can be scam bounty.Keep eye on bounty manager either sheet is updating daily basisi or not and main thing idea of project and the team behind the project.Experienced team will never be part of scam so focus on these things to avoid scam bounty.
when i invest any ICO,i serch many informtaion about this ICO,i find on some WEB rate ICO as icorating,i read paper to see thier opion and i think it is possible develop in the future,and then i go bitcointalk to read comment to see everybody comment anything about this ICO,this ICO have member with linked,everything is clear,with each ICO have risky,we can't not ICO safe 100%,investing is risky
That's right. Before investing in an ICO, make sure that you do due diligence in terms of checking how legit the project is. And in order for you to find out whether the project is legit or not, you need to have several sources, not just one or two. You need objectivity so a review or two only will not take away the possible bias. Check the website, read the available articles about them, scan all the reviews about the projects, etc.
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
select according to rating, but choose pages where the score is not paid, for example: icoguide.com; and then go through good projects.
I choose the ICO from the manager who I liked, which has positively proved itself, the reputation influences!
There are some obvious features for me to identify scams:
1. team is not experienced, they have no linked in profiles, or team is not identified at all, some times the team is identified, they are experienced but are not involved in the project.
2. Besides, you should pay attention to availability of information, more info is available less the projects seems to be scam.
3. Future plans, are they detailed or not, or are they realistic? this questions should be answered positively.
4. Besides rating on different rating platforms. I would recommend icoguide.com - there are realistic rates.
1. team is not experienced, they have no linked in profiles, or team is not identified at all, some times the team is identified, they are experienced but are not involved in the project.
2. Besides, you should pay attention to availability of information, more info is available less the projects seems to be scam.
3. Future plans, are they detailed or not, or are they realistic? this questions should be answered positively.
4. Besides rating on different rating platforms. I would recommend icoguide.com - there are realistic rates.
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