It's simple. You will determine this only thanks to white paper. White paper is the main document of any project and if you find inconsistencies there, then the whole project can be questioned, as well as investments in it
Do you know some ICO-rated websites, such as ratingico ... etc? Those sites have a lot of ICOs registered to be evaluated, so follow those indexes that select potential ICO projects for. only me. I'm also following that trend. 
Topic: How to find out a legit ICO? - page 13. (Read 22531 times)
Nothing like how to find out legit ico again but only a prayer can sure you that a project is sure now with the level of scam going on in blockchain , it makes crypto look more like scam and more reason we human are just the most dangerous thing that has ever happen to the world, someone create this to solve problem of capitalism and some people are at one corner to spoil the good thing that should happen to human and bring freedom for all a bad name .
Even if they have their name and face all over social media it does not say they won't scam investors so the only thing needed now is prayer to stop all these bad eggs.
Even if they have their name and face all over social media it does not say they won't scam investors so the only thing needed now is prayer to stop all these bad eggs.
Look at the trust of those who posted the same here in the forum there are people who have nothing to do and are looking if the icos are really true of this were easy to recognize you see the trust of the individual who posted
It's simple. You will determine this only thanks to white paper. White paper is the main document of any project and if you find inconsistencies there, then the whole project can be questioned, as well as investments in it
Well, actually most of the icos are legit. Scam ones really not that much.
But the problem is, even with the best intentions, most of the icos resulting crappy products or worthless tokens. It is hard to find the ico with a quality product because mostly there are just promises on the ico phase and you wait for them to deliver.
But the problem is, even with the best intentions, most of the icos resulting crappy products or worthless tokens. It is hard to find the ico with a quality product because mostly there are just promises on the ico phase and you wait for them to deliver.
Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
Its not so easy to fin legit ICO but you have many basis and reference which the reason to make you guidance on how perfectly you can choose an ICO that its legit.Try also for telegram channel communication and the background of the team.
Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
In general, I will search for valuable projects through the ICO evaluation website and make appropriate investments. Or through the forum to do signature rewards activities, and strive for tokens of valuable projects.
It's really hard to find a legit ICO but you can cut down the list by doing due diligence. You do your research by starting with the team of developers and advisers including the company related to the ICO. Check them if they are for real. Aside from that evaluate the whitepaper and websites. You can start with these.
I always first ask for a technical document, and look at the founders of the project. It goes without saying that investing ICO is always risky, but sometimes it is very profitable.
I think a legitimate ICO has certain sponsors that are closely related to the state , or the project is supported by the state.
Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
Be sure to look at the whitepaper of each project before deciding to invest in them. And most importantly, do not invest before you scrutinize the development team behind the project. Any project that does not have a credible, easy-to-authentic, and open-source team can project a lot of skepticism and turn into a living nightmare for all.I think so!.
There are a lot of factors, that you can investigate to find out if an ICO is legit or not. You just need to make a good research, to read the whitepaper, to check the community stats, to look at the projects development level. There are still some diamonds left on this market.
Internet is full of the information about them. ICOsare so popular that they could be find everythere including this platform and other social sites.
This forun is able to offer you such information because there are so many discussions. Moreover you can find them or rating sites and so on, I think you will find there necessary information.
firstly search the rating of ICO that rated in some ICO tracking sites.
* Check their partners and investors, If they have big investors it means project is liable.
* Check little about project through website and whitepaper. If you don't have technical knowledge then check reviews on Icobench, Icodrops trackICO.
* Check their team members such as Linkedin and other connections member
* Check if they already have MVP ready. Good projects usually have MVP ready before ICO. If the project make good and already like MVP please check as github source, technical project and core-team also surfing about project
* Check their partners and investors, If they have big investors it means project is liable.
* Check little about project through website and whitepaper. If you don't have technical knowledge then check reviews on Icobench, Icodrops trackICO.
* Check their team members such as Linkedin and other connections member
* Check if they already have MVP ready. Good projects usually have MVP ready before ICO. If the project make good and already like MVP please check as github source, technical project and core-team also surfing about project
Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
The most important thing - from which everyone should start to verify the ICO project - is to check the developers team.
Everyone should have a LinkedIn profile and a credible history and confirmed experience.
If you think that someone can run a project right after graduation, it's your decision whether you want to trust him.
But if dev team want to stay anonimous it is for me big red flag and righ away i'm out.
There is no guaranteed way to find out is if its a scam. That is why a lot of scammers keeps on doing it. They are ruining the life of many investors and they are ruining the reputation of crypto. If this keeps happening, crypto will lose a lot of active investors and those who are planning to invest on crypto. A lot of people will hesitate to invest on ICO's and will just settle on established coins, the top ranking coins.
It is not easy to find out the legit ICOs, as the scam ICOs are also using plenty of money for advertisement. They are also promoting their project like the legit ones, but if you research about the project well then you will have good idea about it.
One thing to look for is the purpose and long term vision of the token. Some ICOs are opting for a token sale as a fast way to raise capitals but a traditional fund raising with VCs would be much more appropriated for their business model.
Here's 10 characteristics a utility token should have:
https://medium.com/@marc.couzic/make-utility-tokens-great-again-f236b64ee31b
Here's 10 characteristics a utility token should have:
https://medium.com/@marc.couzic/make-utility-tokens-great-again-f236b64ee31b
Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
Sad to say but you cannot distinguished whos legit and scams though there are some thread that might help you lessen the chance of being victimized andi can give you some of those topicshttps://bitcointalksearch.org/topic/what-we-need-to-check-before-investing-in-ico-2896030
Heres some advices and tips about finding the right one
Jump to: