Topic: How to avoid ICO scam. - page 11. (Read 23643 times)
In order for you to avoid scam, you must be knowledgeable enough to invest in an ICO projects, in order for you to make profits. When you decided to invest some funds on newly published or active ICOs, it is better to to check it's websites whether if it has a good management team, big partnerships, and if they have already met some goals in their timeline or roadmap.
don't just look at it from what is already happened. first look carefully if you want to invest in ICO. many who always give you a warning regarding the analysis of the first before following the ICO but not all pay attention to this. many aspects of the analysis can start from the whitepaper, teams, investors in the wallet and much more. but maybe some rarely pay attention to this issue.
Actually, it's really difficult to say which is a scam and which are good ICO but we have to very careful about this. But there is a good way to find which is going to scam. Firstly we should look at there planing and also how they are delivering support in telegram channel. If the activity of them are looking good then I think maybe they are not providing a scamming ICO. After all, we should verify them before investing.
Some scammers already know how to forge whitepaper and make a beautiful website. Therefore, pay attention to the team and the product (if any). Explore the past experience of each member and make your opinion about the project.
In my opinion, before investing in an ICO, you probably need to have a thorough research and even investigation.
Get to be grounded on the project, that way you can avoid being scammed.
Get to be grounded on the project, that way you can avoid being scammed.
That's correct moreover you need to check their white papers and about their previous projects as well as their LinkedIn profile these stuffs can definitely help you to avoid ICO scam. Even social media will help to check the status of the ICO's.
To be sure, there is no solid indication for any scam project. But one thing for sure is we should check the project thoroughly, form the concept, the team, the utilization of the coin etc.
That way we could minimize the possibilities of facing a Scam project.
That way we could minimize the possibilities of facing a Scam project.
basically, we can't predict the ico who is a scam. we can only avoid it by choosing the legit ico. by understanding ico before joining it, we can get the legit ico. the legit ico will give the satisfactory results, while ico that is a scam that will give big losses to investors and also bounty hunters
In present time to analyze an ICO is scam, a difficult one. Whitepaper, roadmaps, sites are such made it looks attractive that one can easily trap to invest. We should go through each aspect of the project carefully like its experienced team members, initial fund & also it is rising with its roadmap or not. We can look at the ratings of the project given by ICO experts. Looking at some of these features we can decide about the ICO to invest but it is not easy. With experience you can lower down risk.
It's complicated. Now almost all projects that at first glance seem promising are the scam. I advise you to carefully study both the official website and check the developers
Like what you have said that it is difficult to determine now if an ICO is a fake or legit then better we will not invest in ICOs anymore or maybe we could create a topic here to help one another by putting all discovered fake future ICO for the sake of the hunters and participants.
The answer to this is simple:
DO YOUR RESEARCH!
Read the whitepaper
Ask the team about the project
If anything seems fishy, DON'T INVEST.
DO YOUR RESEARCH!
Read the whitepaper
Ask the team about the project
If anything seems fishy, DON'T INVEST.
There is literally no accurate answer to that, nevertheless there is something you can do to help yourself, that is actually getting to study the ICO project carefully, get to go through social media interactions on the project then you can make your decision so you dont get scammed.
I one of the most important thing is to ne well grounded on the ICO, that is study the project and even get to interact with the team.
Possibly you can be able to avoid ICO scams.
Possibly you can be able to avoid ICO scams.
In my opinion, before investing in an ICO, you probably need to have a thorough research and even investigation.
Get to be grounded on the project, that way you can avoid being scammed.
Get to be grounded on the project, that way you can avoid being scammed.
Find out scam ICO it's not easy task.If it is easy nobody lost his money.But obviously have some way to avoid scam.I already saw lot of our Bitcointalk member gave some suggestions you should follow that.
In fact, no one is forced to invest in business schemes without solid backing, because everyone is responsible for collecting all the information necessary to make an adequate decision on where to invest their money.
It is true that many still have the idea that ICOs are a type of investment that allow large returns in a short period of time, but as time goes by this business scheme has begun to lose the trust of many, and It is more likely now to lose money than to earn it, so I think it would be more prudent to refrain from investing in ICOs if you can not afford to lose that capital.
It is true that many still have the idea that ICOs are a type of investment that allow large returns in a short period of time, but as time goes by this business scheme has begun to lose the trust of many, and It is more likely now to lose money than to earn it, so I think it would be more prudent to refrain from investing in ICOs if you can not afford to lose that capital.
You can avoid scam ICOs if you know how to determine which project are good or not, because in the first place you are the one who can choose which project that you can advertise or which project you would like to join to earn money in the future.
I think our sincere and deep analysis will tell us which one is a fake ico.
The main thning to avoid scam is a checking team members, their background (pervious works, recognize if they really worked in this place, etc.), also if a team have partners, advizors, investors you should find out about them and make sure that they are really connected with this project.
Maybe this is not very guarantee but maybe at some point it might help you at a minimum to reduce the possibility of being deceived by the ICO, the list below is my personal criteria of how I choose a project to invest using bitcoin or other cryptocurrency:
1. Check the team background (If the team does not provide info about each team member such as the name of the previous project, background, there is a possibility they will run away with your money if they don't provide information about their teams.)
2. Read their whitepaper and see if it's really worth investing in, their concepts, etc.
(It's important to know what the project is about.)
3. Check social media accounts, if you consider them very interesting. (Join their telegram group to update.)
4. Check Project professionalism (How they handle users, control fraud, etc.)
5. Follow the Roadmap and other technical details and see if they meet it on time.
6. Look for special proof and validation.
7. Do your own research on the project such as a review of the project or you can also check the main ANN project for
see comments who agree / disagree or community ideas about the project because ANN threads are like an open forum
where you can ask questions, give insight, etc.
1. Check the team background (If the team does not provide info about each team member such as the name of the previous project, background, there is a possibility they will run away with your money if they don't provide information about their teams.)
2. Read their whitepaper and see if it's really worth investing in, their concepts, etc.
(It's important to know what the project is about.)
3. Check social media accounts, if you consider them very interesting. (Join their telegram group to update.)
4. Check Project professionalism (How they handle users, control fraud, etc.)
5. Follow the Roadmap and other technical details and see if they meet it on time.
6. Look for special proof and validation.
7. Do your own research on the project such as a review of the project or you can also check the main ANN project for
see comments who agree / disagree or community ideas about the project because ANN threads are like an open forum
where you can ask questions, give insight, etc.
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