Topic: How to detect scam ICOs ? - page 7. (Read 550 times)
It's really complicate. But a easy way first you can read through their Whitepaper and focus on two thing: what they could solve and most important is the team behind. Many scam ICO use a fake linkedin profile with a PTS picture of the team, so you need checking carefully this section.
It is difficult to detect whether the ICO is a scam or not. As I've seen most of the ICO's scams their promotion system is purely drawing and lack of transparency, no product, and poor of well-experienced advisors.
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
As for me, the best way of detecting scam ICOs is studying the team that stands behind the project.If they have already participated in successful ICOs that means you could trust the project.
Personally I've made a list of project teams - a "portolio" I can always refer to when I choose what ICO to participate in.
You could do the same
Today it is extremely hard to perceive Scam Ico.The best thing that you can do is to survey the ICOs whitepaper, check the qualification of the group, check every part profile and back ground. Notwithstanding, of late there are great ICOs that ended up being trick. Along these lines, it is hard to tell which one is genuine and which one is trick
Now there is really a lot of ICOs crooks and they are quite difficult to detect. Be sure to check out people from the team, carefully read the paper. You need to spend a lot of time before investing.
They are better and better in their scams, we don`t even notice until its all over and team took the money and disappear. Better scams can be fully checked and to not give any clues that its a scam. They cover all basis and its hard to notice them.I trust this forum as the best place for checking icos and all tokens, some people have knowledge about teams, they know them personally, and its great when some vip`s vouch for ico. No matter how deep we check there is always risk, be aware of that.
Hello everyone,
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
The best thing that you can do is to review the ICOs whitepaper, check the eligibility of the team, check each members profile and back ground. However, lately there are good ICOs that turned out to be scam. So, it is difficult to tell which one is legit and which one is scam.
Now there is really a lot of ICOs crooks and they are quite difficult to detect. Be sure to check out people from the team, carefully read the paper. You need to spend a lot of time before investing.
today it is very difficult to recognize Scam Ico. first comes the pre-sale. then they have some money and make big advertising for the ICO. they buy good websites and people think it is a great project. all people buy this token and a hype arises. so quickly 20-30 million dollars come together. and when ICO is finished they disappear with the money and write.....we have been hacked 
Hello everyone,
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
It is quite difficult because lately scam ico develop website, create white paper and they also make everything perfect too
I think you just have to watch closely the timings of the bonus
If there are huge bonuses or exorbitant giveaways
I think you can wary
If they don’t host or go to any Blockchain program or interviews or series of such
You need to wary too
There is no single strategy for accurately detecting fraud. But you can avoid very dubious ones. Pay attention to the following things:
- MVC – it's good is a team is already working on a product.
- Team – read about their previous projects, skills. Communicate with them directly to know them better.
- Advisors – they should have some experience in ICO projects and good reputation.
- Whitepaper – technical details credibility, reliability of estimates, absence of excessive expectations. Perspective of the idea itself. If you do not understand this yourself, contact the expert.
- Advertising and scale of the project. Pay attention to how much effort and money the team spent on the project. How long-term are their plans. How many languages are supported, how wide the audience is covered, how active the team interacts with users.
- MVC – it's good is a team is already working on a product.
- Team – read about their previous projects, skills. Communicate with them directly to know them better.
- Advisors – they should have some experience in ICO projects and good reputation.
- Whitepaper – technical details credibility, reliability of estimates, absence of excessive expectations. Perspective of the idea itself. If you do not understand this yourself, contact the expert.
- Advertising and scale of the project. Pay attention to how much effort and money the team spent on the project. How long-term are their plans. How many languages are supported, how wide the audience is covered, how active the team interacts with users.
Hello everyone,
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
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