Topic: How to avoid ICO scam. - page 4. (Read 23643 times)
I think we need to be more fucos on researching on the team that handle the project before we are going to invest on their ico. Because some other scam ICO has a good platform and many investors become more interested on it withou the fact that in the end it will fall into scam. For me I will choose a legit and amazing team that has a good experience on handling an ICO we need to check the team background.
To be able to avoid the scams, we must be smarter, more careful, and more details in analyzing an ICO. Well, the legit ICO and scams are always same. What makes different is about the way they display the team members and wallet transaction on etherscan and other checking wallet online. That is why I always check them carefully. besides, be active in the community, whether the telegram and other social media. But of course, it will not guarantee us not to be scammed.
knowledge is needed, but I agree more to luck. because when ico runs, the key to success is how much funds can be collected from the ico project.
I agree with you that fraud is done by utilizing the ICO project to create a bad image of cryptocurrency in the eyes of investors, their funds are lost due to the actions of a number of individuals committed by fraudsters,
I encountered many scams in 2018. It was very difficult for me to find good projects among the trash. Now it is difficult to circumvent the scam.
From my little understanding in avoiding ICO scam is that one need to do personal research about a project before investing on it, which can really help to know possibly good projects.
Personal check will give the best result, do not unconditionally trust the various sites involved in the preparation of ratings and other checks, they can lie
It is very difficult. I think that now there are a lot of fraudulent projects. We must have a lot of experience in order to identify and circumvent these projects.
From my little understanding in avoiding ICO scam is that one need to do personal research about a project before investing on it, which can really help to know possibly good projects.
I think that without regulation by the state, we can only reduce the risks when choosing an ICO. All we can do is carry out an in-depth analysis of the project and check the information about its team, white paper, evaluate the possibility of implementing the idea and implementation in the real sector.
The best way to avoid fraudulent ICO is not to engage in investing at the ICO stage.
Buy coins only for those projects that have already completed the tasks set in the White Paper.
Buy coins only for those projects that have already completed the tasks set in the White Paper.
Have a good knowledge before investing in any ICO or PROJECT.
Do your own research on the project nad its team. there is no words from other it is all up to you on how you will be away from any scammer in the community.
Have you own knowledge and be smart enough.
Do your own research on the project nad its team. there is no words from other it is all up to you on how you will be away from any scammer in the community.
Have you own knowledge and be smart enough.
some of the ways you mentioned are actually able to make evaluations of web scam makers, they will read everything and try to be smarter to be able to fool you so that the way you mentioned everything here will be fixed by the villain, the most important thing must be be careful when you want to use your cryptocurrency assets.
Scammers also do not stand still and very often improve their skills, so it is difficult to be completely confident in almost any ICO!
To be honest, there is no fool proof way to avoid ico scams. Having said that most icos are not scams but rather just not very good business cases. You have quite a high chance of losing all your money on an ICO even if it is not a scam. But to avoid those which are scams you need to do as much due dilligence as possible - look at the white paper, check out the team and what they have done before and ask yourself do they seem capable of doing what they set out in their whitepaper according to the timescales of their roadmap.
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.
It is very difficult to identify whether an ICO project is a scam. First, you must track the activity information of the team members, and you can keep abreast of the latest developments of the project. 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.
It is very easy to avoid fraud in new offers. It is only necessary not to participate in them. At the moment, 99% of new projects are falling dramatically in price.
In some cases, blockchain companies set to do an ICO will crowdsource not just funding but also technology development. "The worst thing I've seen at a decent event was a Nordic startup that actually did have a decent experienced team. Many enthusiastic fraudsters see ICOs as a an easy way to raise money. There is no need to actually have a product or report to anyone. Crowdfunding through an ICO has no real liabilities like a kind of utopia,
Just make a deep research about the ico. Most important is the background of the team members.
More projects in the ICO. Some projects reach the gole and some projects go down. So before join the project. Just check the project information and white sheet. Then easy to understand the project. Then easy to choose and invest. It good opportunity for future growth. But some projects token hit the high price. So choose the best project and hold the token. Wait for the price increase. Then sell or exchange it.
Do the research and talk to the team, ask questions. See their business plan, if the product even has a market and need etc.
Unfortunately, today we cannot be sure of any of the ICO projects that are emerging. The fraudsters are very creative and have learned how to prepare good documents and bypass sharp corners when working with investors. Therefore, I place almost the only hope for restoring order in this type of ICO activity to government regulation. It is government agencies that are able to quickly restore order here, protecting the rights of investors and bounty hunters. Jump to: