Topic: how to choose ico that is not a scam? i newbie many ask (Read 584 times)

Like this guy said and, to no surprise, I would suggest checking out Thrive. It's a solid project with a good team. 

There are many, MANY good projects. Use the insights given here, it'll mostly lead you to good but remember, this is a new market full of volatility and no one can give you guaranteed profits. If someone is guaranteeing profit, it's most likely a scam, stay away for your own good.

Read more feedback on any project or platform. Just look at the reviews of reputable analysts if you can find.Read whitepapers better and properly.In general, it is very difficult to identify charlatans in our time. So always think about the fact that you can lose a little cache))

If you want to be safe I think one of the great things I read on this thread was to check and see if the people on the project are real. Just that alone can help so much, if people are scamming more than likely they are trying to hide their identity. Here is a project not even at ICO yet tackling making crypto mainstream, but with people are are normal and real lol.

https://bitcointalksearch.org/topic/m.31823480

In my opinion after commenting on similar topics and analyzing the current market, there are  that come with some basic principles of a quality ICO:

- Quality in project and Whitepaper.
- Determination and flexibility of the team.
- Clarity and commitment.

Even with these qualities, we are still subject to scam, it is relative and almost impossible to say with 100% certainty whether any part is a scam or not.

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I am quite agree with you. Look in to whitepaper to see the project detail, check all the team background, and calculate if it has realistic cap. But i want to add one thing which is you need to see the partner of their project.

For all of these matters, right now, VLB seems a good choice. Whitepaper check, team check, cap check, partnership check. Considering that, i believe it is a great project with big potential in the market as an utility token, so i decided to choose VLB over others.

Someone told me that 90% of ICOs are only concerned about themselves and turns into scam in the end. You can't really predict if an ICO will turn into a scam eventually but you can take some precautions to identify what ICO is a good investment. First thing to do is to check their whitepaper, for you to know their goals in the long term and everything about the project such as the team behind it. Be sure to check their website too. If you think that its a bit crappy then its time to move on to the next project.

No one is immune from the choice of the ICO scam. You should carefully look at the campaign website, the project team. It is possible to ask questions to consultants and look for the previous experience of the team

Nobody will give you100% working instructions because they do not exist. You can only come to final decision by learning, reading, asking and comparing. This must be youe effort and your responsibility!

The basis for me to determine if it is good or not is its volume. Because if it has a low volume then there's only few people who patronize it and the sell & buy orders is tenuous. Next is its voltality because the less voltality the less profit you'll get. Yet, the background of that coin when it was an ICO before.

can be added also to see his bounty manager, usually a good bounty manager will not accept the indiscriminate project that will be held, because the reputation is also influenced for the way forward.

the most important of these jobs is that we need to read and understand what the purpose of the project is, the most important on the website and whitepaper of the project.

You should read a whitepaper.
Read about team. You should figure out who they are.

Look for ICO that are detailed in planning and has a good team comprising of developer and business people. Another factor you must also consider is the proposed amount to be raised. Is it realistic that such amount can be raised and does the project require the amount they are asking for.

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you don't have to make decisions right away especially if you are just a beginner to PICK Initial Coin offering that is Not scam, you should or must know the Background of the Projects team, on how will you prove that They are Really Trusted, what to do? do some research about it especially to the Coin you wanted to Invest in. Read Whitepaper Read articles regarding to it and prove that all you have read is legit and accurate. Try to check, read and review about VLB. Their first presale was conducted on dec 2017 and was postponed because the cap was high but the good thing is, the team of VLB, refunded all the money they have collected to their investors, what A great assurance that VLB team is Trusted. if you want to learn more do some research about it but if you want to invest don't be late on their presale.

Choosing ICO, no matter for what, invest or bounty campaign for me is always through the same process. Research, research and again research. Also, I read the whitepaper and any possible information regarding the project. Also, the twitter info, regarding the project and try to find anything else in the net, regarding the project. Also, check the bounty manager. If the bounty manager is someone with a lot of ICOs and he has prove himself and the icos that he represent, than, the project should be ok....

This is the process that we need to do. Identify all the teams and if that person is real or not because sometimes scammers use picture of different person especially people that are famous then name it different. Although sometimes we can't predict if ico will be going to scam or not and if we wanna know the only option is to try. We just do research and i think it will help a lot.

i can add that the team is also very important, not just advisors. they shoulde be quite experienced and have a deep understanding of the market. VLB, the project you've mentioned, is a really good example. one of its founders, Oskar Hartman is in charge of such successful projects as CarFix and CarPrice, which're already established and working.

I think that the most important thing is to make a thorough and detailed study of the team and all aspects of the project, and based on that and your experience, draw your own conclusions. And then you can compare your conclusions with expert's critics and reviews to see if there is something you have not taken into account.