Topic: How to distinguish between a real ICO and all the scam? - page 2. (Read 232 times)
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.
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?
Do research, researching regarding about the ICO for me is not that hard. Read the white papers, see the development team, visit their website, and send them an email if you have further questions regarding the ICO. Also check if the project, the idea, and the technology behind it is unique and doable. These are the things I do to be able to help me know if an ICO is a legit one or a scam.
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?
Hi, First of all, I check the ICO team. I tend to look for teams with blockchain experience or experience building an open source community or platform on a large scale. If a project has more advisors than team members, that’s usually 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?
You have to be really careful with this.
Every detail sgould be connected if you want to invest with an ICO.
Their team should be reflecting the kind of service they will provide. If not then get out as soon as you can or they will be milking your money.
The service connected with their marketing strategy. How do they attack the community into making their service be inviting, I think there should be a connection with that.
Example of wrong marketing: Inviting a religious group into investing with a condom factory.
Every detail sgould be connected if you want to invest with an ICO.
Their team should be reflecting the kind of service they will provide. If not then get out as soon as you can or they will be milking your money.
The service connected with their marketing strategy. How do they attack the community into making their service be inviting, I think there should be a connection with that.
Example of wrong marketing: Inviting a religious group into investing with a condom factory.
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?
I don't know how to judge whether fraud, but generally speaking, if an ICO project is open source, so 99% this is a very good ICO project, worth the investment, the open source of the ICO project is too little,
Strict selection criteria can not be selected. But I notice some facts. First of all, developers (or ICO moderator) answer any questions (even the simplest ones, even if they already answered these questions). And responses from the developers arrive within a day. Secondly, a good ICO will not scream about its prospects. Instead of that there must be clear roadmap and whitepaper. Thirdly, there must be a website and a page on at least two social networks.
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?
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?
Actually im not expert to determine if those ICO is legit or scam,as in my own experience ICO become real if its so many advertisment ,in tweeter,facebook ,telegram and other social media site's and most important there white papers is full of information about there platform project.mostly legit ICO have a good team work and platform of there project and there is camaraderie in the part of the team for the success of the project,while you can determine if the ICO is scam or phishing because there is no complete details of information in white papers.
You must be a voodoo to choose real ico that will make you profit) Even if it have top places on different sites this means nothing) I want to try such strategy: will find top successful ICOs and its advisors. After that I will check what ICO they are promoting now) Bang I'm reach)
How do you think is it the good idea or not)?
How do you think is it the good idea or not)?
Research linkedins and google seach for info of each member of the ICO Team, if you like team and beleive them = real ICO
Obviously there is a lot of fraud going on, so this may not be the most reliable and/or efficient way for an investor to dig up new opportunities. I have seen projects that overall looked so authentic and nevertheless were fraud, which made me extremely cautious. Luckily I haven't been scammed yet, but I'm really curious how others come to their decisions. 
Research linkedins and google seach for info of each member of the ICO Team, if you like team and beleive them = real ICO
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?
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