Topic: How to find Good ICO not any SCAM?? (Read 408 times)
Real ICO projects don't hide the information about team members and you can check them in social networks. SCAM projects have minimum information, however it's better to pay attention to WP -good projects have well-prepared documentation.
There are so many ICOs in the market. I think knowledge about how to find good ICO, not any SCAM. To find a good ICO you need to do a thorough research on parameters like the official website, core team, whitepaper, the IOC's social media presence and pleasantries. While there no guarantee that any Cryptocurrency or blockchain related to startup will be legitimate or successful.
You can find good ICO with high rate in https://icodrops.com. You should find more information about their team, their project, their community and their also whitepaper.
I think 70% ico's are scam they just copy others white paper and publish it and owning itself its quiet hard to indicate whether the ico is good or not better yet always ask the ico readers if its good or not.
I must say that unfortunately, this is so true. I've been on a team that did a pivot and conducted an ICO out of nowhere because the company is running out of operating funds. A random connection approached my boss and proposed for him to do an ICO as it is the "fastest and easiest way to get funding". We all got on board and the connection became our ICO advisor. Fast forward 6 months, we only raised 300K and most of the funds were spent back into marketing the ICO and market making. Long story short, we ended up where we started and a whitepaper to fulfil...
I wrote a text about analysing ICOs here which is a little more in depth but, I'm not an expert, but it might help someone beyond what's already been written: https://bitcointalksearch.org/topic/analysing-icos-applies-to-crypto-investment-in-general-3760625
You need to understand the technology of ICO and crypto-currency. If you do not have such knowledge, then choose those ICO, where there is technology and a great potential for squeezing the market. And then just hope for luck.
Elementary you can check the reliability of the partnership of any project, having learned about this from the team-partners. If partnerships are invalid then - the scam
Finding a good ICO project requires us to take everything seriously!
1. Read the white paper carefully
2. Carefully check the project homepage
3. Understand product usage and sales channels
4. Join the project community to get more project details through language communication!
1. Read the white paper carefully
2. Carefully check the project homepage
3. Understand product usage and sales channels
4. Join the project community to get more project details through language communication!
I think the big problem is that everyone likes technology (and technology can be fantastic), but first of all I analyze the team in detail. The team is important!
look for good team, roadmap, code, github, and actual use of token - for example reduced fees. i.e. https://t.me/lbxcommunity
I have thought before that Airdrop that requires KYC is legit & good project because KYC will restrict cheaters from registered members but now I am afraid about some projects requires KYC is to get members' personal information only!
Actually its so tough to select a legit campaign. Now here and there are coverd by SCAM project.I think you need to find out the projct future, availability, and the dev are real or not. A SCAM project always throw some wrong advertisement you should find it carefully.
I think 70% ico's are scam they just copy others white paper and publish it and owning itself its quiet hard to indicate whether the ico is good or not better yet always ask the ico readers if its good or not.
Good point! I just realized today that over a half of ICOs offer a 'faster blockchain' decentralized infrastructure for dapps blah-blah-blah with the same specs and so on and ask for millions of dollars whereas you can make one by just branching Ethereum and changing target block time from 10 seconds to 0.1 seconds and you're good to go lol.
I think 70% ico's are scam they just copy others white paper and publish it and owning itself its quiet hard to indicate whether the ico is good or not better yet always ask the ico readers if its good or not.
Github repository (code):—this isn’t always necessary, but it certainly is a positive if the ICO you are evaluating has a Guthub repository with recent contributions to it. This means the project is being worked on/developed.
This is a good point, and it is relatively easy to check. It is obvious that the vast majority of ICOs don't have a Github presence. Most of the scam ICOs are running on top of ETH, being just ERC-20 tokens, so you can imagine that they don't really intend to do much coding. The few ICOs that do have a GitHub repository are not very active there. So their GitHub presence is super easy to check, and you can even rank them according to the number of their GitHub commits.
You can find a god ICO which is not a scam by determining their team, their project, their community and their also whitepaper. Here, you can know a lot of information on what are they plan on their project. You can know if it is really trusted. You can research the team so you can know their real identity if they are really a trusted person or what. You can read they whitepaper so you can know of they have a potential.
ICO Listing Sites:—is the project plugged in? If so, how well? Did they make an effort to reach out to listing sites and, if so, what do their ratings look like on the listing sites? Don't give any attention on sponsored ICO or paid promotional ICO.
Interesting to see that ICO listing sites are increasingly required. I mostly agree with you, however, lots of those listing sites are of low quality and remind me of rubbish link directories that were popular in the early days of SEO. Need to separate the good from the bad. Sponsored ICO listings aren't always a red flag, but they should definitely be trusted less than manually vetted ones.
I don't think ICOdrops is a very good site, none of the ICO rating or announcement sites are credible for anything. You can see what ICOs are active but those ''expert reviews'' are nonsense. If you want to find out if an ICO is legit you're really going to have to do the work yourself. Also yes most ICOs are scams and most of these companies conducting ICOs have no business conducting one. I think new comers in the space would be better off not investing in ICOs at all unless they really feel like they know what they are doing.
Thanks for your opinion, I also check every ico point to point not depending on the expert review and when my criteria matched then I invest, I also review other experts advice about that ico.
If you want a good ICO listing site then my preferred is https://icodrops.com/
You can also read a good explanation about big ICOs by Binance CEO CZ (Changpeng Zhao) :- https://steemit.com/binance/@czbinance/5mm9uo-i-don-t-like-big-icos
Thanks in advance for reading my post.
I don't think ICOdrops is a very good site, none of the ICO rating or announcement sites are credible for anything. You can see what ICOs are active but those ''expert reviews'' are nonsense. If you want to find out if an ICO is legit you're really going to have to do the work yourself. Also yes most ICOs are scams and most of these companies conducting ICOs have no business conducting one. I think new comers in the space would be better off not investing in ICOs at all unless they really feel like they know what they are doing.
Most of them are scam and many are still inclined of investing into it. Maybe most of those are newbies has been told that there's big money in ICO.
And when they fall to a scam, they'll curse the whole cryptocurrencies because of their bad experience. To anyone that's still interested of investing to ICOs, do a background check if you are interested of investing to any of them.
And when they fall to a scam, they'll curse the whole cryptocurrencies because of their bad experience. To anyone that's still interested of investing to ICOs, do a background check if you are interested of investing to any of them.
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