A lot of good points here but I would also add:
- Check if the project team are active at events.
- Does the project have a MVP? If so it's a strong sign that it's legitimate.
Topic: How to find out a legit ICO? - page 17. (Read 22519 times)
A lot of research and reading their whitepaper in detail is the only way.
If you read enough whitepapers you'll be able to tell what makes a good project and what makes a bad one.
If you read enough whitepapers you'll be able to tell what makes a good project and what makes a bad one.
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?
If the scammers are not experienced, it is easy to determine the banal verification of all information. But also, many scammers simply make a copy of a successful ICO changing only the name, there is little that will help, because many are really similar to each other and equally successful.
If the developers are not disclosing their identity then its probably a scam. A decent team will know that ICO investors look at the team's expertise to help them decide if they will participate or not, and so would be open about that information.
These days, hardly any coin have what it takes to give 100% confidence to investors like me.
They come up with the most random ideas and spend a few 100k dollars on marketing and building hype. Then they have token sales where pre-sale investors are given discounted rates. They end up dumping the coin as soon as there is an exchange listing.
In fact, I know of only one ICO in recent times that has not done this. Blockgrain.io team had the foresight and fairness to keep presale price equal to main sale price. This shows what intentions a team has. Less focussed on greed and more on onboarding the right people.
"BlockGrain is interesting. They’re aiming to automate the supply chain with Grain and later on Fruit/Vegetables/Wool. It’s an Australian project.
Australia is amongst the largest exporters of food, and there is absolutely no competition.
Thoughts on this guys?
They come up with the most random ideas and spend a few 100k dollars on marketing and building hype. Then they have token sales where pre-sale investors are given discounted rates. They end up dumping the coin as soon as there is an exchange listing.
In fact, I know of only one ICO in recent times that has not done this. Blockgrain.io team had the foresight and fairness to keep presale price equal to main sale price. This shows what intentions a team has. Less focussed on greed and more on onboarding the right people.
"BlockGrain is interesting. They’re aiming to automate the supply chain with Grain and later on Fruit/Vegetables/Wool. It’s an Australian project.
Australia is amongst the largest exporters of food, and there is absolutely no competition.
Thoughts on this guys?
If you don't have any inside information ICOs are just gambling. And if you have inside information you are most likely part of the scam.
This is really a risk. But at the same time, ICO gives the maximum profitability. Therefore, you can take risks in several projects in order to diversify your portfolio
it is very difficult to know because some ICO really has good plan but after crowdsales, they discover they can not continue with the project and at the same time don't want to lose the money they have invested then they end-up running away with investors money. however there are few ways you can know scam ICO. from experience most scam ICO do not have real whitepaper. most of them use to plagiarise other ICO whitepaper so you may know a scam ICO by using plagiarism software to check whether the whitepaper is plagiarised.
There are a lot of scammers, but if you carefully read the forums and other information on the network, you can discover them in advance. Study the question before investing your money there
I thinks that's all about your personal experience and the research. You should't believe at first sight and rush to contribute and buy the coins. Study the project, the whitepaper and their strategy, find info about the team and their background. And then make up your decision
A few things to note about ICO
1. Look for Projects whose ICO is not too long, so the time is more effective and efficient
2. Tokens are sold much in demand by investors
3.has an innovative concept incorporating all the services required by Trader Crypto and the usual Conditions that have not been familiar with Cryptocurrency
4. Have a partner who has no doubt
5. the website is not complicated, simple but convincing
quote from
https://medium.com/@long_distance/sedang-moving-project-ico-yang-bagus-baca-ini-9909cd593c0d
1. Look for Projects whose ICO is not too long, so the time is more effective and efficient
2. Tokens are sold much in demand by investors
3.has an innovative concept incorporating all the services required by Trader Crypto and the usual Conditions that have not been familiar with Cryptocurrency
4. Have a partner who has no doubt
5. the website is not complicated, simple but convincing
quote from
https://medium.com/@long_distance/sedang-moving-project-ico-yang-bagus-baca-ini-9909cd593c0d
you need to learn the project you will join, like a concept, a team, a whitepaper, hard cap, soft cap, and etc. the legit ICO is hard to find now.
Good luck~
Good luck~
You should look at the project team, look at the experience of the team members in the industry in which the project is realized. You should look at the level of study of the project
If it will be happening, we will not know which one is scam, and which is not- simply because we cannot even figure out that there are people, not bots who are just working on it.
Check all channels for reviews, comments..
- telegram
- reddit
- twitter
- facebook
- Check the Whitepaper (Yes read it!)
- check the team > Linkedin
- Why is this a good investment?
- check on icodrops
- telegram
- Check the Whitepaper (Yes read it!)
- check the team > Linkedin
- Why is this a good investment?
- check on icodrops
for me, you can find a good ico manager to find a legit ico.
a reputable manager team will manage real ico, not a scam one. otherwise their reputable will go down.
a reputable manager team will manage real ico, not a scam one. otherwise their reputable will go down.
No! reputable manager cannot determine that your in a good ICO since sometimes the campaign managers are been blinded on the real score of there project hold, remember that there are so many ICO finish scam and doesn't deliver their coin on good exchange and left it without proper support. But there's one thing we can see if the project is good and legit, and those are devs transparency and escrows presence with their project.
for me, you can find a good ico manager to find a legit ico.
a reputable manager team will manage real ico, not a scam one. otherwise their reputable will go down.
a reputable manager team will manage real ico, not a scam one. otherwise their reputable will go down.
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?
Make a good research before joining the project ICO, make sure project have a good product or service to offer and the team is experienced with real people.
Although some investor are trust that ICO's are still true but some ICO's are hardly detect what is the real ICO or fake ICO? well based on my research i wonder that before would you like to invest at ICO do a lot of research regarding to thier token and of course you must also know the background of the team, if we have any reputable reviews,adviser,and intended token distribution
aside from that read also the white paper, check their linked,what is the purposed? if their something new? or if not ?what is apart from its competitors?
aside from that read also the white paper, check their linked,what is the purposed? if their something new? or if not ?what is apart from its competitors?
Unfortunately, it is impossible to verify the legitimacy of the ICO, but it seems to me that over time the ICO will be legalized and this will be possible. Only when this happens and whether it is still so profitable in this case to invest in ICO is still very unclear. Now investing in ICO is very risky and very profitable, and you can not check whether it is legitimate ICO!!!!)))) But if you find a good project, you will be very satisfied. When choosing an ICO, I always check the team, look at the plan, the idea, of course it should be in demand, and preferably unique!!! And also see the documents, follow the project, read the news. And if you understand that there is no information on the project, a lot of incomprehensible and hidden boldly abandon it and do not invest! To date, I can recommend the Caratz project. Look at them very innovative idea: the Association of cryptocurrency and social networks, a good serious and experienced team, all information on the project is open. I have been following this project for a long time and consider it worthy of attention. Actually see it yourself on their website https://caratz.io
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