Topic: How to avoid ICO scam - page 5. (Read 7826 times)
Avoid scammers when investing, investors can only if they themselves study the crypto project. Especially see who the advisors of the project, and which team of developers.
Actually there is no any universal way to identify scam ICO. But as mentioned above you can learn and look through product, technology, team and code of smart contract behind certain ICO.
I think to avoid in any way , there are always projects that look very cool with the team and with the product , but then they just start to procrastinate and close , there is a matter of luck
Now it is very difficult to circumvent fraudulent projects. After all, in appearance, a good and high-quality project can eventually turn out to be scammers. You must be very careful.
There are many tips on how to avoid scam in the projects; they can be found on the forum; you can also use independent ratings.
I usually act intuitively. First of all, I appreciate the team. I try to avoid Russian projects. Although among them there are quite promising. The availability of a finished product is a plus. Well, I appreciate how much the project can be useful and in demand.
Well, I personally don't pay attention to the country the project belongs to, instead, I try to search as much as possible about the team itself, their background and social media if possible. 
Here is what i do most of the time to avoid scam is to read the whitepaper make sure that it is not a fake and also a unique idea and also you can go to ICO rating gather the information needed for you to know if it a scam or not
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Thank you so much everyone! I'll update the first message in this thread with the list of wise suggestions this week.
For now I'm thinking on upcoming ICO CIX100 (https://cryptoindex.io/, cryptoindex.ai — claimed as demo of MVP). There are some scam accusations, but I don't think it's something more than just FUD. How do you people think?
For now I'm thinking on upcoming ICO CIX100 (https://cryptoindex.io/, cryptoindex.ai — claimed as demo of MVP). There are some scam accusations, but I don't think it's something more than just FUD. How do you people think?
To avoid ICO scam you should be wise to know which among of the people is trustworthy and not, to prevent yourself from them and at the same time you must be familiarized to the flow of the business.
In my opinion, there are two things that you need to pay attention to: 1) is this project necessary for people (consumers of goods / services) + to take into account existing competitors, the second is the team - if there is no information on it, then you can not go on time for analysis.
I usually act intuitively. First of all, I appreciate the team. I try to avoid Russian projects. Although among them there are quite promising. The availability of a finished product is a plus. Well, I appreciate how much the project can be useful and in demand.
It's easy... go to icodrops.com , if This ICO in not on these padge, 99% ICO is scam 
You really never can tell if an ico is 100% real or trap. It is basically an issue of our instinct sagacious decision to whom plenitude chief are we going to give our trust to. Obviously we need to do our own specific research, for instance, examining their whitepaper, visiting their site and checking the associate's headway establishment and some back ground to their venture. Being trap is hard to avoid, it is simply bit of the crypto business.
Most ICO immediately offers illegal schemes. These are all the reservations "not only for citizens of the United States and Singapore" - an excellent sign (although not determining). The similarity of instrumental design blurs the distinction between gray market operators and scammers.
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:
In order not to participate in scam ICO you must have knowledge of the market in general and ICO in particular. To get a good ICO you have to find out which ICO priorities are the ones that have real products, the amount of interest from the large community and the talented team developing and developing the project. Wish you a successful investment 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
We can avoid scam ICOs when we know how to choose good ICOs and if we know how to determine which project are scam, so in that point we can go away from that project.
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 think the best way to avoid scam is checking the answer from users' feedback.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
I'm trying to be the fastest one. check Ruby-X!
To avoid scam among ICOs, you need to devote as much time as possible to analyzing the factors that characterize the projects. Success in investing depends only on our efforts.
I want to say, Today many ICO make their appearance and many of them become popular and known but others are fraud, unlawful or illegal. So Read more information about them in the forum and always ask any questions on their telegram or other chat platforms.
many projects make it very difficult to detect whether the project is a fraudulent project or a good project. so to avoid better paying attention to the ICO, is it good enough or not Jump to: