Topic: How to distinguish between a real ICO and all the scam? (Read 191 times)
Team development + road map that is the main problem. You can also search for communities like bitcointalk or reddit to see how investors react to the ico you are seeing.
It is no rocket science. You should check every detail in whitepaper, website and ann page. You should check about backgrounds of people working on that certain project and do the math. It is up to you in the end.
It's always essential to do a super thorough research, basically, you should be looking for as much as info as you can find. Personal details, etc. But when then it might still be a scam. You can never be 100% sure.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
So you guys out there have problem with ICO with decision making in ICO feel free to click this link https://bitcointalk.org/index.php?action=watchlist
My campaign here is toping up in this list too and if you get to scan the different threads of ICO you can learn form it and invest in it to help them and in return you earn here. So if you want to know what is DIW check out my signature and you might get want you guys wanted.
The team composition and roadmap plus a good reviews coming from reputable publishing companies I don't mean the paid ones, these are all some of the criteria of course marketing also plays a major role, but if the project is legit people will market it even if they are not participating in the bounty campaign.
Right!! One should know and study and read so you can get what you want and back on my first answer on the top you should go there and see and read.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Before i put my investment into some random announcements, i always research on their whitepaper team and their idea that can or will be successful on disrupting something.Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Reading a whitepaper is another way to know more about the said ICO, as long as they are detailed and more info to dig up. In addition you can make your own research and gather more sources to filter it. In that way, your selection process narrows and it can really help you to decide.
One should keep in mind if the ICO have an whitepaper some says that ICO is legit. So keep in mind reading should not be miss.
note that you atleast know the risk
Its not always easy to pick which project will moon, but sometimes its too easy to pick which projects are scams. Once the scammers get there game straight and put up halfway decent websites with some sort of white paper (wouldnt think it would be to hard) then it gets a bit more difficult.
Having a MVP (minimum viable product) and reputable and verifiable advisers help.
The team composition and roadmap plus a good reviews coming from reputable publishing companies I don't mean the paid ones, these are all some of the criteria of course marketing also plays a major role, but if the project is legit people will market it even if they are not participating in the bounty campaign.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Before i put my investment into some random announcements, i always research on their whitepaper team and their idea that can or will be successful on disrupting something.Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Reading a whitepaper is another way to know more about the said ICO, as long as they are detailed and more info to dig up. In addition you can make your own research and gather more sources to filter it. In that way, your selection process narrows and it can really help you to decide.
Lots of good advice, and of course it always gets down to the basics. Problem is, having looked through some recent announcements, there are some with a promising idea, but I'm somehow doubtful they can pull it off. There are too many projects and tokens already, it quickly gets extremely cumbersome to look through all the info and come to a conclusion. Right now I'm not sure what's next. I'm going to follow new announcements and see what the participation is going to be, others may be in a better position to identify the real potential and likelihood of being scam, I'm just overly skeptical.
it is hard to distinguish if the ICO is a scam or not because they're very sneaky they will scam the ICO on the end of the ICO but doing some research can be a great help it is simple task yet very helpful
One of my main criteria is if a company advertises not its product but a bounty campaign! Projects that organize charity campaigns for charity campaigns are usually a scam!
Use some ico evaluation website is a good choice, I usually use Icorop and icobench this two site, icodrop can see white list is now on registration of the ico project, and icobench can see each expert score for the ico project.
if something is too good to be true it usually is.
all the ICO's that say 'this will bring you XXX in revenue/month' is most of the time a scam.
the ICO's that really do have a revenue share system or a staking system usually don't tell you how much you can expect to make simply because they would not have a clue until the product/company is launched.
all the ICO's that say 'this will bring you XXX in revenue/month' is most of the time a scam.
the ICO's that really do have a revenue share system or a staking system usually don't tell you how much you can expect to make simply because they would not have a clue until the product/company is launched.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
There is a legit site just like some ico rate site. But I think that the important thing is about trying to do your own diligence.Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
Make a deep research and try to take a look in various community feedbacks.
Icodrop seems the only legit site for me.
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Because i was doing a deep research and that brings me to the conclusion to participate in the ico. I was participating in zilliqa and get 15x return and what's next? So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
If you want to distinguish between a real ICO and a scam, see if the concept they are trying to introduce to the community is unique and is not a rip off from other coins. Most of the time, scam ICO's are just ripped off from coins that are already present today and isn't improved at all. That way you can distinguish a profitable ICO and a scam one. It doesn't work all of the time though, so also try to consider the activeness of the team and the truth behind the facts they give. As much as possible, verify it if it is verifiable.Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Yeah you are right mate ICO that just copy cut from other ICO are surely a scam but for those people who did a research to find the right ICO are those most likely be rewarded. For so many ICO that sprout like mushroom it s really hard to find what is true among them, one thing is to determine if their working product and services they introduces is feasible and unique among others and you should know if their team are composed of people with expertise and superb credentials.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
I usually ignore those who sent me PM about their ICO. You should check their whitepaper, team and uniqueness of their project. If you pay attention to those three things, you can easily weed out scams from good ones.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
The first thing to look at is who is behind the project. Linkedin and some searches should give you a flavour of what is going on. If the project does not even have that info... let it pass
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
If you are particioating ico you need to make research there wibsite ,and the team ico they have if you see good project that is real and not a scam. Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Here you go. Hopefully help.
https://www.trackico.io/
https://icorating.com/
https://www.icoalert.com/?q=&is_v=1
and in the rest of the type, explore the team, the market and bla bla bla have already received from above
https://www.trackico.io/
https://icorating.com/
https://www.icoalert.com/?q=&is_v=1
and in the rest of the type, explore the team, the market and bla bla bla have already received from above
It is no rocket science. You should check every detail in whitepaper, website and ann page. You should check about backgrounds of people working on that certain project and do the math. It is up to you in the end.
It's always essential to do a super thorough research, basically, you should be looking for as much as info as you can find. Personal details, etc. But when then it might still be a scam. You can never be 100% sure.
So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
Make research if you see ico then see the member if they are many participate ico that is real. Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
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