Topic: How to identify a legit ICO from a scam? (Read 268 times)
There is no exact way to find out if a project is honest, but you can try your own investigation. at least try to personally contact the project team
trusted teams and advisors are the key to the success of an ICO, a good WP. A trusted BM is not a guarantee of the success of an ICO.
If there is a new ICO and there are hype going around it, how do you tell that i is a legit one and not just a scam?
How to tell if an ICO is a scam?
I generally treat everything as a scam unless I can verify information about the project from independent sources. I check the teams background by looking at their LinkedIn profiles looking for signs that the identity has been recently manufactured. If they claim to be developing a DApp or other product I look at their Github depository for signs of the work being done. I am able to eliminate about 99% of scams using this method. How to tell if an ICO is a scam?
Today it is almost impossible to distinguish a good normal project from a project scam. Only if you really find a very transparent project that will show you all your documents and you will be sure that it still does not give the right to trust these people.
It is essential to run a background check about an ICO before you decide to invest in it. Because you’ll be investing a considerable amount, you have to be sure that you’re making the right decision. Some characteristics that you should be looking for are the whitepaper, the team behind the initiative, and the roadmap.
I think you only need to read their white paper and look if it's just a copy of other project,
And also their team other than that it is really hard to identify which one is good and which one is scam or would end up fail.
And also their team other than that it is really hard to identify which one is good and which one is scam or would end up fail.
Indeed, you have to study well and wisely so that you are not disappointed with the project that is followed if you believe that the project will be able to succeed, positive thinking will bring good things.
Aside from checking the whitepaper and the team behind the project, I also make sure to check if they have a working product first as this gives me more assurance that what they're aiming is already in the works. One project I've been keeping an eye on is NeuronChain. There are a lot of scam ICOs these days so we must always be careful on who to trust.
You need to study the project well, visit the website, study the technical document, especially study the project team and see how the project team attends all sorts of summits. Having studied all aspects, you will understand how good the project is and whether it is a SCAM. Poetmoe here it all depends on you and your mood.
it is very difficult to determine ICO scam now because I see ico scam and real having 90% similarity .. so to determine that in my opinion is to do research or choose real products
Usually, you need to participate some of their social groups and follow the progress of the project. Experience wise, It is hard to see some of those scam ICOs, since they are getting smarter and smarter everyday. They are working in very organized matter.
If there is a new ICO and there are hype going around it, how do you tell that i is a legit one and not just a scam?
How to tell if an ICO is a scam?
How to tell if an ICO is a scam?
I have found out my first rule in the deal of searching reliable ICO projects. In my opinion the core thing lays in a team that develops every part of a new project. There should be some known to you persons.
I do not know how to distinguish fraudsters from real projects, but I always pay attention to the proven team of advisers or partners of the project and check this information if this is true.
By making a lot of research. You can see if the ICO are scam or not. If the ICO have complete information they have chances it is legit but if the ICO are not complete details or informatio better to avoid that because that is not good for you.
practically no way. this is a kind of lottery and if you are lucky you will earn on it and if not, you will lose all your money invested in this project
If there is a new ICO and there are hype going around it, how do you tell that i is a legit one and not just a scam?
How to tell if an ICO is a scam?
How to tell if an ICO is a scam?
I telling the truth is very hard and difficult to find better icos because of the scamms project, and take note it's almost the same concept of whitepaper and roadmaps from the legit icos project. So far I can't advise for everybody how to got good icos project to invest.
you can just check the team and their history and have a look at their whitepaper to see, whether it holds any relevant information or just copy/paste from other projects good luck 
A similar opinion was voiced above, but you are interested in the opinion of a large number of people. I guess so. Thanks to the whitepaper and the team we can judge the project . For me it’s also important that the minimum valuable product was ready before ICO.
If there is a new ICO and there are hype going around it, how do you tell that i is a legit one and not just a scam?
How to tell if an ICO is a scam?
There are already a lot of articles out there that teaches you to identify scammy ICOs. First of all, read the whitepaper. See what is it all about. Ask yourself if it is possible to achieve what they are trying to sell. Secondly, look at those developers. Go through their background. If they are some well known developers, then chances of them scamming is very low. But, if they are some unknown developers or try to remain anonymous, just stay out of it. They are highly likely to scam everything out of you. Thirdly, believe your own intuition. If you have a feeling they might be a scam, then just don't invest. How to tell if an ICO is a scam?
One of the most importaint things is team! Team must be well known with legit linkedin profiles and need to make more partnerships to proove that project and people that working on it are real..
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