There is no way how to recognize it.
It is always risk, read the terms and you will know that ICO does not guarantee anything and if you send them money it is something a gift for them.
There were many ICOs that scammed people and noone is arrested until now.
Topic: How to find out a legit ICO? - page 3. (Read 22531 times)
I am looking at the rating websites to see a general rating of each project. Than I am reading the whitepaper and looking at the product development level. The last step is to check the community numbers and to talk with admins.
Nowadays it is really hard to find a legit ICO compare to those of previous years. It is also hard for the project to reach their target as investors also are in doubt and don't want to loss their money because the market also is not good. You can find a legit ICO just by studying the white paper and the roadmap.
That's big true because before When i invested to the ICO most of the ICO that I invested is successful and I earn a lot of money but after few years ago the ICO who are legit is being less and most of the ICO now are releasing now is scam so Im getting tired to invest to ICO. Right now it's hard to find what ICO is legit because mostly the ICO is scam are launching ICO now .
it's hard to distinguish legit ico with an scam ico. because scam ico try to differentiate as a whole so that investors believe. I often see Iico that I consider very legit but ends up being a scam. ico scams i think they are indeed professional in deceiving investors and I think they don't work alone to cheat investor but team work.
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?
As far as I have observed, scam ICO has more flowery and more promising statements on their white paper. So I suppose those with difficult and hard to realize platforms are legitimate.
We cannot know because there is no institution that does the rules regarding ico and also the authorization of ico is feasible or not. so anyone can make ico as long as they have a concept, a team and also money for capital
Nowadays it is really hard to find a legit ICO compare to those of previous years. It is also hard for the project to reach their target as investors also are in doubt and don't want to loss their money because the market also is not good. You can find a legit ICO just by studying the white paper and the roadmap.
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?
There are a lot of legitimate ICOs with legitimate intention to create a product and provide services. The problem is, the bear-market is making it difficult for the team to get the amount they need to develop their project, thus, making it difficult for them to finish their product on time. Try to read thru the white paper and check the team's eligibility to check whether it is legitimate or not.
For a fact it's very difficult to know which ICO is actually legit or scam, but there are some parameters to look out for. Firstly, do a thorough background check on the team members and also try to know whether they are capable. Look out for their partners and maybe find out from them if truly they partnered with the project or if it's false. Another aspect is if they have a working product or an MVP, does the product solve the said problem and is it in line with the project vision?. Also the token economics, the amount of tokens reserved for the team is it too large? The price per token is it high or low with respect to the total supply? What's the lock period for team and private investors tokens/coins ? . These are some of the things to note but not limited to these.
Do you research and ask as many questions as you can to the development team. Also check out the team members to see what skills they have
Finding a legit ICO presently, is very rare as there are a lot of scam project out there, while only a few are legit. Take a look at the team behind the project, what problem is the project aim at solving and alao the social media platforms
This is not enough to indicate that it is a scam or not. Projects can scamming people even after being listed in exchange. Now the scammers are developing. lol. Lately, investors think the solution of this problem is STOs. exactly! so i don't think there is a sure way to tell if project will turn out to be a scam or not, doing research or background check on the team and the overall project it's just a part of the process, that dosent really guarantee the authenticity of the project, i see a project that did not hold an ico, only did airdrop to supporters, already list on exchange and cmc but still turned out to be scam, through ico is not the only way to scam people.
Finding a legit ICO presently, is very rare as there are a lot of scam project out there, while only a few are legit. Take a look at the team behind the project, what problem is the project aim at solving and alao the social media platforms
This is not enough to indicate that it is a scam or not. Projects can scamming people even after being listed in exchange. Now the scammers are developing. lol. Lately, investors think the solution of this problem is STOs.
Finding a legit ICO presently, is very rare as there are a lot of scam project out there, while only a few are legit. Take a look at the team behind the project, what problem is the project aim at solving and alao the social media platforms
As a result of too many scam ico's, it's very hard to differentiate which is legit or fake, i don't think there is any specific guide to identify which ico will tuned out to be legit, but it's always adviceable to do due diligent before making any investment, there are legit ico's but they are few, scam ico's are growing in size, proper background check of team is also required, although not a 100% guarantee.
This is a difficult question though. Finding a legit ICO isn't easy because there's no guaranteed way of doing that however, you can have a little trust or confidence in a project based on the team and other features based on the information you have had through research or consultation.
There are much less ICOs in 2019, I am an ICO marketing manager, and several of my partners canceled their ICO plan...
If you want to know which is legit, I would suggest to search for project that are already going on and never done any ICO nor they have any premine, instamine or founder taxes. This way the funds are not pre-allocated to certain sum.
In addition, these projects are already in development and are much less likely to be a scam.
1. BitTorrent (Though somebod will not agree and said it is too hyped project)
2. Marconi Protocol
3. StarkWare
4. Historia
5. Oasis Labs
If you want to know which is legit, I would suggest to search for project that are already going on and never done any ICO nor they have any premine, instamine or founder taxes. This way the funds are not pre-allocated to certain sum.
In addition, these projects are already in development and are much less likely to be a scam.
1. BitTorrent (Though somebod will not agree and said it is too hyped project)
2. Marconi Protocol
3. StarkWare
4. Historia
5. Oasis Labs
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?
There is no guaranteed way yet, but there a a level of confidence one can have on a project, depending on how much you have researched about the. Some scam projects did not quit after ICO, some of them listed on exchange and dumped their tokens on investors. This is why i am always concerned about so many factors, including the total supply and the amount the team is holding. If they have so much in their possession, then you need to be careful. Most projects as my believe is good and legit. I joined some top quality legit project but in this bear market those projects couldn't rise even softcap. I search by partnership with others.
Many good project not reach the target because bear market. Investor prefer waiting and see market condition and its affecting on ICOs. Hard to find a good ICOs but i think we read review in many website that dedicated for it. Developers team is holding the key of good and legit ICOs
Find legit ICO its difficult. No special symbol that can say you its legit. But you can see something that can help you such as whitepaper, roadmap, Devs activity.
You can find some legit ico by doing some research of the project as well as the team members.
Jump to: