how to distinguish the good ico, ico scam
If you earn money on the ICO - it is a good one. If you loose money on ICO - that's scum for sure!
Topic: how to distinguish the good ico, ico scam - page 5. (Read 796 times)
If you earn money on the ICO - it is a good one. If you loose money on ICO - that's scum for sure!
Now, I think the most important way to avoid ICO scams is another ICO mechanism, such as DAICO or at least some third party escrow. The investors should know how this funds are spent and if it is possible to earn money.
It is very hard to find or notice which ico is a scam or legit. There are ways for us to identify which is which but still there's a high risk when it comes in investing into Ico's. And for me these are my steps.
1. Check the concept of the project and compare it to the other project and see if they are like the same like most of content came from the other
2. Roadmaps - check their plan if it is possible to get their goals in the given timeframe.
3. Team members/developers- always do like a backround check (achievements, prev. project etc.)
I know there are still a lot of ways but see whatever it is, even though we have checked all in our checklist there's still a chance that we end up investing into a scam Ico.
1. Check the concept of the project and compare it to the other project and see if they are like the same like most of content came from the other
2. Roadmaps - check their plan if it is possible to get their goals in the given timeframe.
3. Team members/developers- always do like a backround check (achievements, prev. project etc.)
I know there are still a lot of ways but see whatever it is, even though we have checked all in our checklist there's still a chance that we end up investing into a scam Ico.
Hard to do but with proper research at least you can lower your risk of getting scammed. Always check the team behind the ICO, are they real, do they have the skills etc...Read whitepaper and reviews online from websites like icobench and similar. And never invest more then you are ready to lose.
A good ICO has a best team, has an active telegram, has an organized spreadsheet, good bounty manager and has a great white paper. And lastly, an ICO will be considered as best ICO if it will reach ots soft and hard cap and will become successful.
Understanding the real time need for such a project and the development team behind it will give the clear description whether the project will succeed or not. Even this prediction gets outlawed when there is lack of funding for the promotion, and in this regard everything is upon trust. Growth happens on the way.
Well, it is pretty difficult to look for a good ICO with the current market conditions. Maybe there are only a few, probably 1 out of 5 ICOS are worth the risk to invest in.
Actually, most of the icos in where i have invested lately are down from ico price (sadly)
No chance to see it before. only when ico is over and the team continues to work and you also get your token do you know that it was the right ico for you. and the team should not run away. You never know this before
Not that hard, as most are scams and most are trying to do something someone else is doing better. But some more specific things:
1. A "discount" time period for ICO with limited coins, then price goes up
2. Airdrops, period
3. A whitepaper that overpromises
4. A roadmap that is unrealistic
5. A team with little experience/the wrong kind of experience
And always trust your gut-
1. A "discount" time period for ICO with limited coins, then price goes up
2. Airdrops, period
3. A whitepaper that overpromises
4. A roadmap that is unrealistic
5. A team with little experience/the wrong kind of experience
And always trust your gut-
actually, we can not know exactly which is scam. because there are many good projects with an experienced team but failing on ICO. I think you just research carefully and wait for the lucky.
Its hard to distinguish that, because rightnow icos are all everywere.
You have to read first all the information about that ico before investing or joining, like reading its white paper, road map and etc.
And try also to invest or join in an ico with trusted manager or dev. Because some of their projects are very successful.
You have to read first all the information about that ico before investing or joining, like reading its white paper, road map and etc.
And try also to invest or join in an ico with trusted manager or dev. Because some of their projects are very successful.
Do a lot of research before investing on an ICO, it's difficult to distinguish if it's a scam or not. Check ico list on some websites and they have a lot of ratings there.
Check if they have a proper website that is running a https, telegram, twitter, reddit, medium and etc. If they don't update on one of those social media sites then the ICO must not be a proper ICO.
And importantly check their whitepaper if it will have an impact in cryptocurrency. And lastly check the team behind it and the roadmap of they are aware of their future.
Check Bitcoinus ICO, sale have been started and it's not too late too join.
Good luck finding the best ICO!
Check if they have a proper website that is running a https, telegram, twitter, reddit, medium and etc. If they don't update on one of those social media sites then the ICO must not be a proper ICO.
And importantly check their whitepaper if it will have an impact in cryptocurrency. And lastly check the team behind it and the roadmap of they are aware of their future.
Check Bitcoinus ICO, sale have been started and it's not too late too join.
Good luck finding the best ICO!
Most ICO's aim and projects are all the same and it's really difficult to determine the good ones, so it's very risky, just take a lot of time reading, studying, and analyzing. If their goal is far-fetched or unrealistic better avoid it.
Understanding the real time need for such a project and the development team behind it will give the clear description whether the project will succeed or not. Even this prediction gets outlawed when there is lack of funding for the promotion, and in this regard everything is upon trust. Growth happens on the way.
all of you who can talk smart here can call 2 ico coming soon. and in 5 months we will meet again here. and then we see who was right and chose the right ico. 90% is scam.
If it is hyped a lot then it is good ico because you can make more profit, some projects are really good but after ico the price can go below ico price, so good ico is not always profitable. If there is no team, no good website, it may be scam.
1. Read the whitepaper first. Do you like the idea? Is blockchain is that necessary for this project?
2. Think about the market for which project is targeting? Is it really big and promising?
3. Try to find their social media, mentioning their project in news/socials
4. Find all topics about the project on this forum, find their slack/telegram/twitter, etc. Research the community. Is it active? Is it big? Is it professional?
5. Find their members, try to find their personal info. Their twitter, linkedins, etc.
2. Think about the market for which project is targeting? Is it really big and promising?
3. Try to find their social media, mentioning their project in news/socials
4. Find all topics about the project on this forum, find their slack/telegram/twitter, etc. Research the community. Is it active? Is it big? Is it professional?
5. Find their members, try to find their personal info. Their twitter, linkedins, etc.
These are major stages you have to consider:
1. Check the technical documentation - discover if the blockchain is really necessary for the project or it's just a simple deriving
of money;
2. Identities of team members of the project - their social media profiles, interviews etc ( things that can prove that these people are real);
3. Innovativeness of the project and the level of competition on the market ( whether the project will be able to gather the required sum of money).
1. Check the technical documentation - discover if the blockchain is really necessary for the project or it's just a simple deriving
of money;
2. Identities of team members of the project - their social media profiles, interviews etc ( things that can prove that these people are real);
3. Innovativeness of the project and the level of competition on the market ( whether the project will be able to gather the required sum of money).
Personally I choose ICO, first I read about their whitepaper, check the customer care team on the telegram, see if they respond quickly to the questions the investors put out. They have an ICO community and have a Bounty community. You have to check the roadmap is reasonable. The information I give is the basic element for evaluating a quality ICO program.
Before it's really difficult to know which one is good ICO and which one is scam ICO cause there are no ICO project analyze website but for now it's much easier when we can use icobench ). Otherwise you can know which one is good project through the dev team, Whitepaper, roadmap and the way project's going to run. If a project is going to run lending, you should stay away from it
). Otherwise you can know which one is good project through the dev team, Whitepaper, roadmap and the way project's going to run. If a project is going to run lending, you should stay away from it 
There are a few signs...
Their goal, token amount, token value should be corresponding with each other, if there's a fault in that math, that's a red flag for me.
Their team members and group of advisors; if there are any of them that was realted in a scam ICO before, that's another red flag for me.
Their roadmap should be realistic; sometimes a team may not be able to deliver roadmap instantly and it may take time to see a roadmap but it should be out before the ICO, if it's not that's another red flag as well.
And last but not least; I always keep this in my mind: "If it's too good to be true, it's probably not."
Their goal, token amount, token value should be corresponding with each other, if there's a fault in that math, that's a red flag for me.
Their team members and group of advisors; if there are any of them that was realted in a scam ICO before, that's another red flag for me.
Their roadmap should be realistic; sometimes a team may not be able to deliver roadmap instantly and it may take time to see a roadmap but it should be out before the ICO, if it's not that's another red flag as well.
And last but not least; I always keep this in my mind: "If it's too good to be true, it's probably not."
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