Topic: how to distinguish the good ico, ico scam - page 6. (Read 711 times)
Yeah you need to develop a really good filter for sure. For me the biggest question is whether the token is absolutely necessary for the operation of the blockchain.The best way to avoid Crypto scams is to do a lot of research. Don't just look on page one of Google, look on pages 2, 3, and 4.Also verify them out on Facebook and Twitter, see if they have respectable followers, or are they bought from other countries.
how to distinguish the good ico, ico scam
Try and verify the teams behind every icos and the technology behind it and you are good to go. Many people did not now that it is the teams that scam or make the project successful and most time that the way the project is promoted is what make it to be a good one. I think hundreds percent of projects problem are from the team. 
It is difficult to know what is a good ico or a scam ico. Scam ICO sometimes can seems legitimate too.
You will have to do a lot of research if the team members are known. Also see if other websites are talking about them and the ICO.
See if the profile of this person match with the data on the internet.
Also look at the whitepaper and see if it is a realistic project.
Sometimes a legitimate ICO may have a poor whitepaper. Like Chineses ICO. But they may be legitimate.
Coins without a goal may be scam. Also copy of another coin may also be a scam.
It is better to just get airdrop or to trade them when they get tradeable and if you see that there is an opportunity that the coin can gain more value.
If the coin only drop, don't take the risk to buy it.
You will have to do a lot of research if the team members are known. Also see if other websites are talking about them and the ICO.
See if the profile of this person match with the data on the internet.
Also look at the whitepaper and see if it is a realistic project.
Sometimes a legitimate ICO may have a poor whitepaper. Like Chineses ICO. But they may be legitimate.
Coins without a goal may be scam. Also copy of another coin may also be a scam.
It is better to just get airdrop or to trade them when they get tradeable and if you see that there is an opportunity that the coin can gain more value.
If the coin only drop, don't take the risk to buy it.
how to distinguish the good ico, ico scam
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