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Topic: How to detect a scam ICO? - page 4. (Read 2513 times)

sr. member
Activity: 396
Merit: 252
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October 04, 2017, 03:53:15 AM
There are tons of useful information online about how to detect scam. But in general, the most important thing is team, product and advisors who put their reputation on this.
True, and it was easy to spot a scam team and forst if they pass it and go on the ICO observe first if they can accumulate some amount as a first progress of the ico if its good to invest or not.
sr. member
Activity: 326
Merit: 250
October 04, 2017, 03:35:34 AM
There are tons of useful information online about how to detect scam. But in general, the most important thing is team, product and advisors who put their reputation on this.
full member
Activity: 196
Merit: 100
October 04, 2017, 03:30:32 AM
I think it's really difficult to detect if someone make a perfect one, only the future will tell you if it s legit.
hero member
Activity: 630
Merit: 500
October 04, 2017, 03:26:49 AM
If they acting shady as hell and never answer those critical and important question regarding to their identity and the content of the project then we could spot it as scam since If they are running a pure honest business they would let people to criticize them and answer the inquiries of the people.
full member
Activity: 294
Merit: 100
October 04, 2017, 03:21:13 AM
i think equipping yourself with a lot of knowledge through researching and inquiry on other people will be a nice tool in order to identify if its a scam or not.
because as far as i can can see there is no foolproof system that will help you identify a scam ICO.
all i can say if its to good to be true then better be careful about it.
avoid it until you haven't got enough information about it yet...
Cheesy
member
Activity: 308
Merit: 10
October 03, 2017, 02:20:04 PM
Check the website or talk to them telegram or slax.
Look at their reaction !
Most important think dont trust. !!!

 Lips sealed
newbie
Activity: 18
Merit: 0
October 03, 2017, 11:43:00 AM
Check the team, evaluate the concept.
Look through the advisors.
Chech their roadmap, their whitepaper, their hard and soft cap.
full member
Activity: 490
Merit: 100
October 03, 2017, 11:12:24 AM
You can do some researche and choosing ICO . some ICO is very visible scam if the team that manages. It will be better to learn all information about the team, to read WP carefully, to visit official website and to talk with the application programmers if it's possible.
member
Activity: 61
Merit: 10
October 03, 2017, 11:07:22 AM
I think a better question is how to find a legit ICO, but it has already been asked a lot around here.
member
Activity: 71
Merit: 10
October 03, 2017, 10:39:36 AM
really interesting

perhaps by goin to big ICO it prevent you for pure scam

but he don t garantee you it s a good product

hard to make a choice but we can say if a project is amazing and the team is good you have good odds to have a big ico (like cardino 109000btc raised )
full member
Activity: 574
Merit: 108
October 03, 2017, 10:39:09 AM
How to detect a scam ICO?
When there are no escrow, poor infographics, no information abouy dev., and lack of support from thr dev. and the community.
full member
Activity: 459
Merit: 104
October 03, 2017, 10:36:31 AM
I would stay away from many ICO's, or I would say that I would stay away from all ofthese ICO's.  These initial alt-coins offerings can trick you to buy them, then you can find that they have no value at all. All these ICO's were invented to make the value of the bitcoin less than its true value, there are thousands of alt-coins offfered by ICO's that loose their value fast. Thus my advice is: stay away from all ICO's .
sr. member
Activity: 574
Merit: 250
October 03, 2017, 10:30:06 AM
There are many things you should check before you invest on ICO?
1. Dev team: clear, professional
2. White paper: clear, logically
3. Product: you should invest on ICO with real product

Good luck for you!
it is very clear what you describe above, it is a matter that must be considered to know the project is a scam or not .. it all must be built with the level of focus of each to be able to understand very well about the truth of the project.
sr. member
Activity: 1330
Merit: 256
October 02, 2017, 01:22:09 PM
Check out their team, if they have a valid identity then no doubt that it is not an ICO SCAM, but when they have a fake team it is clear their ICO will be SCAM. I race it is the most important thing
sr. member
Activity: 379
Merit: 250
October 02, 2017, 01:14:59 PM
read some ICO review site to see how they check an ICO project is scam or not.
jr. member
Activity: 53
Merit: 10
October 02, 2017, 01:07:17 PM
I think follow the ann thread all time carefully and also follow the official web site to detect a scam ICO.
full member
Activity: 247
Merit: 100
Change Your Worlds Build a New Era!
October 02, 2017, 12:57:16 PM
i do not know how to see that ico is a scam. which I see based on their presentation when offering their projects. such as ANN thread, whitepaper. There we can see if ico is a scam or successful
sr. member
Activity: 574
Merit: 250
October 02, 2017, 12:54:15 PM
Firstly look at the team. And ask yourself these questions- are they legit, what is their experience, do they communicate with the community. Secondly, look at the the whitepaper and ask this ques- how much time was put into making it and does the idea solves any real life problem or not. Lastly, is there a hardcap or the team wants to rip everyone of their money?
from some of the statements you have mentioned above, I support and trust from some statements from you, have to see the experiences of the teams, see whitepapers and also see the hardcap project .. it is very helpful to be able to detect the fraud of a project.
sr. member
Activity: 854
Merit: 267
October 02, 2017, 12:45:10 PM
Scam projects are usually based on the same ideas as other project ideas. They can not produce a different idea
newbie
Activity: 36
Merit: 0
October 02, 2017, 12:42:26 PM
You can do some researche. Start with the official website and see if it is done by professional. Then, read the white paper. The most important factor in the success of a project is the team, that is why you should visit their profiles and know more about them and see if they are reliable or no.
Many factors interfere in the success of a project so be careful.

Thanks for the advice!
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