Topic: How to avoid ICO scam. - page 2. (Read 23643 times)
For a long time on this forum there are several topics where people write about projects that are suspected of fraud. And people further study these projects in more detail in order to find out whether this is a fraudulent project or not. Use the search on the forum.
if you don't want to be cheated don't invest in ICO. ico is very risky even we can't tell which projects are good and scam. focusing on old coins is the best choice at the moment or you can invest in STO. but if you don't like companies that make it difficult STO isn't a good choice for you.
OP get involve in ICOs investment doesn't mean he cant be cheated because the crypto scammer are everywhere and they are using varieties of strategy to steal from people. Besides, I believe you yourself dont look what to lookout for before investing into ICOs and if you quit ICO investment because of theft then you might miss a huge opportunity which might occur through it. However, every crypto investment have it own good and bad side including the STOs either but I will advice you and the OP to understand the depth of STOs and ICOs investment first.
Also if you deside to invest in ico , pay attention on project w12 - its project for max safe ivestment in ico.
Be careful with ico for investment. Learn detail information about member team , read white paper and don't hesistate to ask questions.
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The ICO investments are so risky.
It's very risky because you have no assurance either the project will failed or you will scam.Quote
We can guarantee the credibility of the ICO by studying the background of the members behind the ICO.
Its to hassle to perform that, but we must, to avoid get scam. And each one of us must do research to get know more on how to choose the legit one. 
The ICO investments are so risky. Actually, there are only 10% ICO that are promising and real so it means the other 90% are scam ICOs. We can guarantee the credibility of the ICO by studying the background of the members behind the ICO.
if you don't want to be cheated don't invest in ICO. ico is very risky even we can't tell which projects are good and scam. focusing on old coins is the best choice at the moment or you can invest in STO. but if you don't like companies that make it difficult STO isn't a good choice for you.
How to avoid?
Simple just believe to yourself, if you feel you will get scammed so don't invest, that's it
Simple just believe to yourself, if you feel you will get scammed so don't invest, that's it
I think that it's better to stop investing in ICOs. ICOs market is dead now.
Stop? hmm in my point of view some of us will can't to do that because investing at ICO project looks like a necessity. they aware if they get scammed but they still invest on other ICO project. i know it's weird.. . . .Of course, there are good ones, like bittorent which has alredy made x5 profit from ICO price. But it was supported by Tron team.
I think if without tron, the possibility of BitTorrent will also be quickly dead.
Ico scams are beginning to look more and more legit as time passes but the formula for catching scam my sales is still the same and it is to research. You have to research every single ico you invest in, check the team, check the road map, the progress, check if they have a product that is already working and also check the value of the community if all these does not check out it is better to be safe than sorry.
But if they do then you can invest also check the token details and economics this is very very important.
But if they do then you can invest also check the token details and economics this is very very important.
You made a good suggestion on raising alarm when we find scam ico but the thing is, it is not easy to find, what i think is to do some research on a project before entering at least this will reduce the amount of scam we would fall into.
Invest in STO, with STO you are more in good hands than inbesting in ICO.
You can't avoid them. The only way to avoid them is you stop investing in ico but trying to note some key to avoid them doesn't work anymore only if you have more than enough to invest with, you will make gain in four out of ten projects you invest into.
I think that it's better to stop investing in ICOs. ICOs market is dead now. Of course, there are good ones, like bittorent which has alredy made x5 profit from ICO price. But it was supported by Tron team.
Yes, that's right, I myself better invest in ready-made coins and have been in large exchange markets such as Bittrex and Binance, because at the moment good coin prices are down and very cheap to buy, different from buying at ICO tend to be a lot of fraud and many failures at this time.
To avoid ICO scam, check in details the whithepaper of the ICO ,confirm how realistic the vision can be done, the past track record of the developer, reviews from ICO review site can also serve as a guide, Observe the past track record of the team and partners involve in ICO project.
There are just two words of advice I can give for a question like this.. Meticulous Research
There are good ICOs out there that ended up paying people lots of money but the fact is that it won t fall on your lap, you have to play your part as well.
There are good ICOs out there that ended up paying people lots of money but the fact is that it won t fall on your lap, you have to play your part as well.
I think that it's better to stop investing in ICOs. ICOs market is dead now. Of course, there are good ones, like bittorent which has alredy made x5 profit from ICO price. But it was supported by Tron team.
I think we should forget about ico for several years, since in such a market, to participate there is not a gratifying business.
Apparently, ICO investors continue to fall prey to innumerable ICO scam. The effect of this is very devastating on investors perception of crypto-project ICOs.
While it appears there is no apparent solution to address the current scam associated with ICO in the crypto space. I propose that we help each other in finding out the best ways to identify and separate genuine ICO from fake ones....
Share your view and help a friend from falling prey to ICO scam. Let help build a healthy crypto environment. Fight the scam now.
The only way to protect yourself and your funds from fraudulent ICOS is not to invest in them at all. Other ways to date, unfortunately not available. I believe that even a thorough study of the project does not give a 100% guarantee for successful completion, further work and, accordingly, for profit. Risks will always. While it appears there is no apparent solution to address the current scam associated with ICO in the crypto space. I propose that we help each other in finding out the best ways to identify and separate genuine ICO from fake ones....
Share your view and help a friend from falling prey to ICO scam. Let help build a healthy crypto environment. Fight the scam now.
One can try but it is not possible to identify all the scam ICOs beforehand. Also, most investors are not savvy enough to do all the due diligence needed before investing.
I am also sad to hear that so many ICOs are trying to deceive investors and bounty hunters, almost every day we find them. We have not really seen the regulation of investor protection against ICO projects and it seems impossible to materialize. Some things we can do to avoid such fraud are studying the background behind the people involved in the project, what products they offer and how they establish communication with investors. but that does not guarantee avoidance of fraud because some of them are smart enough
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