Topic: How to check if ICO is scam or not? - page 23. (Read 17482 times)
100% of the correct way to identify scammers does not exist. But still you need to study the project to the smallest detail. Read the white paper, monitor the team, read reviews of other participants on the forum.
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?
my first ico investment was Tokenomy.
With 0.5 BTC minimum contribution, this is my biggest investment ever.
why i believe in Tokenomy is just simple
1.Strong team > Tokenomy team consists of people who are behind Bitcoin.co.id , a largest Indonesia and ASEAN crypto exchange with 1 million member and went online since 2013
2.Strong advisor > their have advisors from east ventures VC , waves , and many more
3.Strong products that able to deliver > Tokenomy (TEN) token will goes live at Q2 , and and tokenomy will serve as a Crypto Exchange platform and Tokenized (ICO) platform . As sister company of Bitcoin.co.id, Tokenomy have potential 1 million member when goes live that comes from Bitcoin.co.id members
4.Solve real problems > Tokenomy try to solve simple problem, Which is good and able to deliver. As we know, organizing ICO is very painful, you need to invest in tech and legal. and they at least provide it. Why need to solve high tech thing if it needs months or years to develop? are we lack of simple problems to solve?
so with 110 million circulation supply and today prices are 0.4-0.5 USD, they have a lot of rooms to grow
You can only make thorough research on an ico and with the basis of your research, you take calculated risk by investing into the project.
Making research consists of
The team
The white paper
The token metrics
The website.
Etc
Making research consists of
The team
The white paper
The token metrics
The website.
Etc
You need to read all the information about campaign really properly, figure out the goals of the project, team, approaches, who is investing this project, whitepaper, and so on.
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?
Well, then ask the guys will prompt where to invest better, and so open the top 10 of ISO and invest it checked, or if you need specific information, then ask what exactly you need. I can tell you
Well im new in Ico but my basis was their website, whitepapern and the team. No further research i just look if this a professionaly made not rush. This for new but when time passes i think my basis will be much powerfull
Believe, check and again believe)
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?
Before investing in ICO, you need to carefully study the idea and the team. You also need to ask all the questions of interest and look at the reviews of other experienced investors.
The easiest way to find out if it's a scam is to look at the team members, are they known faces, real people with a linkedin page etc? If not, avoid like the plague.
Another simple metric is to look at whether they have a physical headquarters, indicating that they are a big company, and whether big media outlets are publishing their adverts. Normally only the most trusted ICOs have physical billboard adverts.
Another simple metric is to look at whether they have a physical headquarters, indicating that they are a big company, and whether big media outlets are publishing their adverts. Normally only the most trusted ICOs have physical billboard adverts.
You have asked one of the most difficult questions to answer in the digital crypto world. First of all, you are right! There are ICOs that are so scammy. The just dupe money from innocent guys and then run away with the money. Checking for the legitimacy of an ICO is a tricky but very important thing to do before joining them.
First, check when the project started, some projects just starts in a few weeks and then start to sell their coins. Some also start developing for as long as half a year and beyond before they come out with a good plan on how to run the project.
You must perform your background check on project developers and advisors. Follow their community group discussion and it will help you to know what is at stake with the project.
Never forget to be mindful of the nature of the project. Some projects are notably successful so many people like to wait for a project of its kind.
Read their white paper as well to know and have an insight into the project. There are many other ways apart from these so just follow the replies given by other members below
First, check when the project started, some projects just starts in a few weeks and then start to sell their coins. Some also start developing for as long as half a year and beyond before they come out with a good plan on how to run the project.
You must perform your background check on project developers and advisors. Follow their community group discussion and it will help you to know what is at stake with the project.
Never forget to be mindful of the nature of the project. Some projects are notably successful so many people like to wait for a project of its kind.
Read their white paper as well to know and have an insight into the project. There are many other ways apart from these so just follow the replies given by other members below
Niw i know if this ICO is scam or not thanks for this tread because all new member here like me i dont know if this ICO is scam or not now i can check this ICO is great or not scam
I will focus on a few of the more important factors, the first is whether there is open source code gtihub, second the team have a bad record, third, how much is the ICO project hard hat, fourth, the ICO project from which country (normally I would avoid the ICO project in Europe and Russia)
10 keys for evaluating Initial Coin Offering (ICO) investments
Below are the keys for determining whether an ICO is scam or not, in order to make a buying decision, as far as I know:
1: Team Composition (development team and advisory board)
2: Threads on Bitcointalk.org
3: Stage of the project and Venture capital investments
4: Community and Media (check its community on Slack channel, for example)
5: What do they need the token for? Is the blockchain necessary?
6: Unlimited / Hard cap
7: Token distribution – when and how
8: Evaluating the Whitepaper
9: Quality of the code – Meet Github
10: Research more and more
Below are the keys for determining whether an ICO is scam or not, in order to make a buying decision, as far as I know:
1: Team Composition (development team and advisory board)
2: Threads on Bitcointalk.org
3: Stage of the project and Venture capital investments
4: Community and Media (check its community on Slack channel, for example)
5: What do they need the token for? Is the blockchain necessary?
6: Unlimited / Hard cap
7: Token distribution – when and how
8: Evaluating the Whitepaper
9: Quality of the code – Meet Github
10: Research more and more
Well it is need experience and hours to learn by doing deep research about the ICO. Start from reading whitepaper, teams background, products, how they do in marketing, how many people interested in this ICO. Choose several ICO is better than invest in one ICO. Good luck
actually not many ways to see these ico is a scam or not, the easiest is according to your own belief after reading whitepaper, see the roadmap, team and advisor, and take the time to see official website and telegram their channel
This is also the way I check the ICO and also we should also see their partnership. They say when it's too good to be true then it must be a scam however, sometimes it's actually hard to spot the one because sometimes they pretend to be a legit one from their whitepaper to roadmap, doing all those stuff just to become a good one. That's why investing in an ICO isn't a big joke or if you really want to play safe just wait the ICO to be over and buy when it gets listed in exchanges.
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?
This is a good start for you if you want to end up a responsible ICO investor. Here are the things you need to do first before finally deciding whether or not you will invest in an ICO.
1. Read and understand the Whitepaper. Meaning, you have to know their goals, their plans as to how to meet them, their roadmap, their team, partners, and so on and so forth.
2. Go to their website and check whether they are functioning well.
3. Go to their ANN thread here and know whether the developers are responsive enough to clarify questions and concerns regarding their project.
4. Raise questions to them and wait for their response.
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 think the good ICO is the one that there are some peoples from Amazix that manage their ICO.
It is usually a great ICO when they're there. but it doesn't mean other ICO's are scam.
Still there are ICO, which immediately offer masternods and immediately promise an income from them. But they do not explain clearly why their community token is needed. It is also better to avoid such projects.
There isn't a sure shot way of knowing whether an ICO is legit or not. But you can definitely follow these things:
1) See if they have a nice and technically sound whitepaper. Whitepaper says a lot about an ICO.
2) Do a background check on the team. If they aren't visible on the internet, they have things to hide.
3) If an ICO has unrealistic expectations out of their token offerings, it means they haven't done their research properly. Shows a lack of dedication and planning.
4) See the advisory board. Big people means good ICO. No big shot advisor would want to be seen as a scammer.
For example, a new ICO is coming up. I stumbled upon them through some site. These guys are trying to make good use of blockchain. If you look at their site, it's clean and clear. Their whitepaper is very descriptive. Also, all the founders can be found on the net. It's a good initiative. Check 'em out here - http://enkidu.io/
1) See if they have a nice and technically sound whitepaper. Whitepaper says a lot about an ICO.
2) Do a background check on the team. If they aren't visible on the internet, they have things to hide.
3) If an ICO has unrealistic expectations out of their token offerings, it means they haven't done their research properly. Shows a lack of dedication and planning.
4) See the advisory board. Big people means good ICO. No big shot advisor would want to be seen as a scammer.
For example, a new ICO is coming up. I stumbled upon them through some site. These guys are trying to make good use of blockchain. If you look at their site, it's clean and clear. Their whitepaper is very descriptive. Also, all the founders can be found on the net. It's a good initiative. Check 'em out here - http://enkidu.io/
great info but do we need to check who the manager of his,because every person has the manager trust each of them and also most people see the price of tokens to ico,is this the correct way?
you can identified faked ICO by research in many ways. First the team which is behind the project, is technically experienced or not and also available on internet with real name or not. Second by the reading of white paper of the promising ICO, third how much publicity they are supposed in the market, fourth the opinions of people who already involve in ICO.
By doing these things you can find good ICO.
By doing these things you can find good ICO.
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