Topic: How to check if ICO is scam or not? - page 22. (Read 17464 times)
No one can guarantee that your investment is 100% safe, because even a legitimate ICO project can fail for a variety of reasons!
There are a lot of different factors. I usually look at the community stats, the whitepaper, product development, rating websites. The most useful information you can get from the token sale progress and from the developers of a particular ICO. Just talk to them and you will see it.
Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
i guess the best way to check if an ICO is a scam is to check the number of members in their telegram group. If you seeaybe more than 3000 members it has the chance that it is not a scam. Another way is to see their white paper, if it is clean and well presented then there is a possiblity that it is not a scam.
Just look at into their whitepaper and find about the core teams after that then you can decide this project scam or not and don't hestitate to ask your friend who smarter than you (if you have).
Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
In my very own opinion on how you will choose a good ico or project better if you read and study the white paper in order for you to avoid scam icos or projects because most of the scam ico have a bad white paper. 
The first thing I look at is whether the world needs this product. So many things have now appeared, and much of this will never really be applied in real life. I would never invest in such projects, no matter how promising the team was.
I think ICO risk investment is inevitable but I recommend some guests to avoid scam
1. What is the project you invest in? The purpose of the project!
2. Who is the development team, ICO almost depends on team leader!
1. What is the project you invest in? The purpose of the project!
2. Who is the development team, ICO almost depends on team leader!
Doing a research is very important for you to avoid scam ICO's. First you need to research the team of the project if they are real or only using fake identity. Try to search their youtube videos promoting the project like their meetings on their project partners, etc. And next is the product, ask yourself first if the project looks promising and possible to succeed or not? You must need to analyze that because your investment depends on that. Observe first before you decide to invest.
With 100% probability it is impossible to determine the Scam or not. But to minimize the risk you need to carry out a detailed analysis of the project:
1. To explore the idea of the project, WhitePaper, RoadMap.
2. Is there a prototype of a project or an existing business?
3. To study the project website, learn SoftCap, HardCap.
4. Evaluate the team's activity in the topic of the announcement and in social networks.
5. Was there a Pre-Sale and how successfully?
6. To get acquainted with the project team, with their pages in social networks.
7. Are there any known list of stock exchanges where listing is planned?
1. To explore the idea of the project, WhitePaper, RoadMap.
2. Is there a prototype of a project or an existing business?
3. To study the project website, learn SoftCap, HardCap.
4. Evaluate the team's activity in the topic of the announcement and in social networks.
5. Was there a Pre-Sale and how successfully?
6. To get acquainted with the project team, with their pages in social networks.
7. Are there any known list of stock exchanges where listing is planned?
I agree with some of your points. Among the points that you mentioned, I feel that the points 1 and 3 are the most important ones when compared to the rest.
- Whitepaper: An ICO with a comprehensive whitepaper is usually legitimate
- Roadmap: An ICO that has planned everything in advance through a detailed roadmap is worth checking out
- Softcap and Hardcap: An ICO that has optimal softcap and hardcap requirements(Based on bull or bear market) seems legit in my opinion
Apart from these points, the developer team and their social media interactions also play a big role in determining whether a particular ICO is worth investing into or not.
Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
Right now ICO can be a rip-off if the people who's developing the coin or token are nameless or they are hiding their genuine identity, another is while the records regarding their challenge is a replica from different initiatives just like the roadmap, whitepaper, or maybe their website online is similar to a domain that has already been offline.
A very clear indicator of a successful ICO in the future is its support at the stage of origin by some cult personalities from the world of crypto-currencies. Such as Charlie Lee, Roger Ver and others.
I think that there is no single way to understand - this project is a scam-project or not. For an experienced person this is not a problem. Trust your intuition. That's all I can say.
In my opinion ICO must have the face! It is the first one. Team must be real.
Also, announcements, they must be, sometimes I find some few information official Twitter/Facebook pages and noname Website, so I wouldn't invest in something like that. Everything must be transparent, remember it. It doesn't mean simple, but it mustn't have underwater rocks.
Also, announcements, they must be, sometimes I find some few information official Twitter/Facebook pages and noname Website, so I wouldn't invest in something like that. Everything must be transparent, remember it. It doesn't mean simple, but it mustn't have underwater rocks.
In order to understand what ICO project is in front of you, the first thing you need to take is to read the white sheet. Next, you need to get acquainted with the team that is working on this project. In order to participate in the bounty company of this project, you also need to. view how much interest or what amount is allocated to the bounty company. The most important thing is to understand whether anyone needs this project at all.
Scammers are easy to find out. First of all they try by all means to hide their true identities. But there are a few things that will always appear sketchy for Scam ICOs;
1. Their whitepaper at most will not by clear or rather the English will not be good as they often do their things in an abrupt way, though some now tend to be more organised.
2. If you do background checks of the teams behind the project as will be listed on the website or their whitepaper, most of them use fake identities or to some extent fictitious characters.
3. They do not often stick to their laid our road map.
4. You will often realize after they run away with your investment
1. Their whitepaper at most will not by clear or rather the English will not be good as they often do their things in an abrupt way, though some now tend to be more organised.
2. If you do background checks of the teams behind the project as will be listed on the website or their whitepaper, most of them use fake identities or to some extent fictitious characters.
3. They do not often stick to their laid our road map.
4. You will often realize after they run away with your investment
agree, you should look carefully at the language they use in their whitepaper and roadmaps. and i would recommend you to look at the team members, maybe to google some extra information about them and check if they are real.
Scammers are easy to find out. First of all they try by all means to hide their true identities. But there are a few things that will always appear sketchy for Scam ICOs;
1. Their whitepaper at most will not by clear or rather the English will not be good as they often do their things in an abrupt way, though some now tend to be more organised.
2. If you do background checks of the teams behind the project as will be listed on the website or their whitepaper, most of them use fake identities or to some extent fictitious characters.
3. They do not often stick to their laid our road map.
4. You will often realize after they run away with your investment
1. Their whitepaper at most will not by clear or rather the English will not be good as they often do their things in an abrupt way, though some now tend to be more organised.
2. If you do background checks of the teams behind the project as will be listed on the website or their whitepaper, most of them use fake identities or to some extent fictitious characters.
3. They do not often stick to their laid our road map.
4. You will often realize after they run away with your investment
Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
You should take a look at the many posts that deal with this, countless really in the forum they are. Now, if you want a check that will discard 90% of the scams: check the team.
I think it's important to know whether the ICO project is trustworthy or not, always see the whitepaper, roadmap and team profile of the ICO project, because in the project whitepaper you can see the idea of the project, if it is plagiarism and team profile also false, then certainly the project is just a scam project
With 100% probability it is impossible to determine the Scam or not. But to minimize the risk you need to carry out a detailed analysis of the project:
1. To explore the idea of the project, WhitePaper, RoadMap.
2. Is there a prototype of a project or an existing business?
3. To study the project website, learn SoftCap, HardCap.
4. Evaluate the team's activity in the topic of the announcement and in social networks.
5. Was there a Pre-Sale and how successfully?
6. To get acquainted with the project team, with their pages in social networks.
7. Are there any known list of stock exchanges where listing is planned?
1. To explore the idea of the project, WhitePaper, RoadMap.
2. Is there a prototype of a project or an existing business?
3. To study the project website, learn SoftCap, HardCap.
4. Evaluate the team's activity in the topic of the announcement and in social networks.
5. Was there a Pre-Sale and how successfully?
6. To get acquainted with the project team, with their pages in social networks.
7. Are there any known list of stock exchanges where listing is planned?
That's very good question, scams are getting more and more advanced and only intuition and experience can help you.
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