How to avoid ICO scam - page 38. | Bitcointalksearch.org

MasNizzer

full member

Activity: 462

Merit: 100

Quote from: Reena28 on April 07, 2018, 01:51:18 AM

Make a thorough research..be critical and look at each coin from different perspectives.. Dont just beleieve others saying coin will rise to the moon or bec u saw a rise 50%.. It takes time for any projects to be materialize as a successfull one.. Ask important questions such as whats the relevance and demands of the product... And how the team develops the product in the long run...it takes lot of time to conclude and trust one project.. Research is the very 1st thing ...

Do check first as described earlier, because now there are some ico has deceived people. It was very difficult to find them before scamming. But you need to check out Ann's thread, team members, and even the reward manager.
Sometimes most scammers hire lower ranking managers to manage their bounty thraean.

feny.blackpink

newbie

Activity: 196

Merit: 0

sadly there are many scam ICO lately. many got scammed already.
you need to know their team, who responsible on their project. and i usually join into their social media to know the update.

Reena28

member

Activity: 294

Merit: 10

Make a thorough research..be critical and look at each coin from different perspectives.. Dont just beleieve others saying coin will rise to the moon or bec u saw a rise 50%.. It takes time for any projects to be materialize as a successfull one.. Ask important questions such as whats the relevance and demands of the product... And how the team develops the product in the long run...it takes lot of time to conclude and trust one project.. Research is the very 1st thing ...

Chanock

full member

Activity: 476

Merit: 102

Through reading whitepaper you will notice the intention of ICO weather it legitimate and all the plan are achievable and based on their target tract and roadmap. Also knowing the team structures is one to know the legitimacy of one ICO. Nowadays their are a lot of ICO scam but through reading and study the platform of ICO you will notice it if is legit or scam.

chicken Campus

newbie

Activity: 182

Merit: 0

according to my way of thinking, it is quite difficult to avoid the ICO scam. But you can get used to it or do it with experience or read what experienced users are writing. And also you can research into who has a strong team, a trustworthy concept, super active in social media, then you can understand what ICO promises and which are not.

khoatg11

newbie

Activity: 101

Merit: 0

Hey you
To avoid ico scamp,
1 - Do not invest ICO will 100% avoid scam
2 - You need to consider the following
+ This rank is high or not in the web specializing in ico rating
+ Good whitepaper with detail roadmap
+ Is the team good? You can check them via Linkin
+ Does the website have a good investment?
+ Softcap and hardcap is low so that investors have to buy tokens after listing rather than during ICO.
+ Does the project product have good blockchain technology?
Is the product ecosystem of the project wide?
Is the product of the project applicable in a small or global area?

Rollkal

newbie

Activity: 210

Merit: 0

You must know how to analyze the ICO project and join the ICO community to see the opinions of other members in the group. From there you can draw experience for yourself. You must contact the ICO manager directly for information about the ICO project.

watchurstep45

full member

Activity: 300

Merit: 100

Quote from: chainese on October 12, 2017, 02:16:13 PM

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 previous ICO projects, select viable ones and participate similar ICOs
invest in an ICO with a working prototype only

your absolutely right. there are also several factors that you may be choosing good icos and not scam. you may also go to icobench for the ratings of ico you want to invest in.

Trollinator

member

Activity: 238

Merit: 15

The best way is to only join project that have investors and team members who are have something to loose if caught up in fraudulent activities.

IcoGuide.com

member

Activity: 244

Merit: 13

Take a look at an article on our website. Might be useful https://icoguide.com/en/blog/how-to-identify-scam-icos

Aivengo111

member

Activity: 392

Merit: 10

I think that there is no definite list of requirements that will help not get on a scam . I try as carefully as possible to choose projects and read the documentation.

akashark

member

Activity: 387

Merit: 12

You Can't Avoid ICO Scam! Rather you have to pick the good ICO Project. You may go for some trusted team like Amazix, Bountyhive and tokensuite. The Amazix team iis very much good, This team is very professional too. Their maximum ico is hit and successful, If ICO fails, then they will return your money back. Bountyhive is a bounty managing team but their all projects are really pretty good and successful. Tokensuite is good also. This is another successful bounty ICO managing team.

So, You have to pick good ICO to avoid ICO Scam, Sir. Good Luck To you.
Have a good day.

laracrofth

full member

Activity: 373

Merit: 100

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

There is only one way - study the project carefully, see who is the team and what other people on forum think of this ICO.

investgeek

newbie

Activity: 42

Merit: 0

Do you think that it's an advantage when project has an exciting company and its location?

dimon01

member

Activity: 378

Merit: 17

I think that most investors have a kind of ICO assessment model and scam recognition. I prefer to study the website in detail, and the whitepaper - in many cases, the scam documentation has significant inaccuracies.

aceat64

full member

Activity: 307

Merit: 102

I read that there are now developments in the field of software or a program that can recognize a scam based on an analysis of many factors. I hope that this is real.

Omnopon)

member

Activity: 434

Merit: 10

When I choose ICO for investment, I try to find as much information about the product as possible, the development team, and also search the social networks for feedback from other investors. It helps a lot.

Greenrace

full member

Activity: 280

Merit: 102

I do not know for sure the blockchain rules about ICO but we may be more careful in choosing ico by reading in detail the whitepaper they spend and we hope not get ico that deliberately scam

sultanali

newbie

Activity: 238

Merit: 0

If you are investing in an ICO and want to find out how good it is , you should invest a little amount in its presale to develop the mental psychology of keeping in check with how much your ROI is in the short term, other than that you have to see the initial and final investments and by what rate that investment increasing.

raahi

newbie

Activity: 224

Merit: 0

There are ranges of investment amount received from which you can judge how big the ico might get because obviously, the sustainability of the coin or company depends on the investment it receives, if the company gets less than 1 million in funding versus a company that gets 5 million in funding, common sense dictates itself.

Topic: How to avoid ICO scam - page 38. (Read 7826 times)