Topic: How to identify scam ICOs (Read 218 times)
Continuously check for unoriginality in the sites, whitepaper and in addition different parts of an ICO. While these signs are promptly not obvious, any sign of written falsification expands its odds being a trick. In numerous past cases, new ICOs have obtrusively duplicated content or other related substance from another organization without earlier consent and have ended up being fraud.
Before you invest your money in a startup, find out who its managers are, who the founder of the project is, where these people come from, what kind of education they have, whether they have relevant work experience, how they came to the IT field, whether they have been in business for a long time. A startup conducting an ICO must have an official registration. Assessing the ICO, you need to admit yourself whether the idea really needs a blockchain or it's just a beautiful package. Not every project requires decentralization, which this technology promotes, but many in the pursuit of profit simply "tighten" it. If you see that the startup don`t need blockchain and it`s own token, but at the same time they are promoted, do not invest in this project.
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
Look for contact numbers and search online for clues from Social Media and sites like Ripoff Report. Do not invest unless you can verify the owners work history etc, LinkedIn is a good place to start. Here is BlockSims by Shehar Yar, a scam I found on Ripoff report.
I think if you see dozens of posters posting about the ICO on here in every thread (even ones that have nothing to do with it) with no information about the company, team, etc. then that's a pretty good indication that something is off.
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
It is indeed a good article. The mentioned points are suitable as a reference to identify if the ICO is scam or not. In addition to that, searching project names on websites like icobench.com or trackico.com could also help,these websites rated projects according to the quality of their whitepaper. These websites are not 100℅ accurate,but can serve as your reference. https://icoguide.com/en/blog/how-to-identify-scam-icos
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one more thing most of scam icos use someone else profile pics , so google the image of all team members .
some of icos have too much high hardcap of more than 50-60 million $ , so check the project why they need so much money .
some of icos have too much high hardcap of more than 50-60 million $ , so check the project why they need so much money .
Great points raised up in the article.
Although I am not too sure about results of searching addresses from google maps because they are not always accurate, but I believe wen all this precautions are taken, a scam will surely be spotted.
Although I am not too sure about results of searching addresses from google maps because they are not always accurate, but I believe wen all this precautions are taken, a scam will surely be spotted.
I do not have enough knowledge to point out a scam ICO, but I have a way to help you choose ICO quality, you choose the ICO project that the legendary members, heroic members. They are doing ICO projects do you follow them. These members are already experienced in the Crypto market. The projects they choose have a very high success rate.
Great article, thx for sharing!
yes, I agree aswell, and in my personal strategy for hunting ICOs I always look at the team first
second I look at the project, scope, market problem
third, I look at the token metrics
fourth, only in the end I look at the whitepaper!
yes, I agree aswell, and in my personal strategy for hunting ICOs I always look at the team first
second I look at the project, scope, market problem
third, I look at the token metrics
fourth, only in the end I look at the whitepaper!
very often scams are ICOs without defined hard/soft cap, ICOs with very general projects, very often roadmaps are also general.
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
A very enlightening article for newbies. Who wrote it, thank you.
There is also a nice post written by another member on the forum. I would also recommend reading it.
https://bitcointalksearch.org/topic/m.28918031
Thanks for sharing
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
A very enlightening article for newbies. Who wrote it, thank you.
There is also a nice post written by another member on the forum. I would also recommend reading it.
https://bitcointalksearch.org/topic/m.28918031
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
Good info! https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
very helpful article. thanks for sharing.
very informative. will surely help newbies.
very informative. will surely help newbies.
There are some key to avoid about scam ICO:
Team Composition, Bitcointalk.org Thread, Stage of the project and VC investments, Community and Media, What do they need the token for? Is the blockchain necessary?, Unlimited / Hard cap, Token distribution – when and how, Evaluating the Whitepaper, Quality of the code – Meet Github
Team Composition, Bitcointalk.org Thread, Stage of the project and VC investments, Community and Media, What do they need the token for? Is the blockchain necessary?, Unlimited / Hard cap, Token distribution – when and how, Evaluating the Whitepaper, Quality of the code – Meet Github
It's always good to check ico in scam list, for example https://icorating.com/
Just search in google regarding the ICO it will helps to find out if its scam or not..
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
actually its easy to identify if the ICO turns to be scam or not. just look at the team member of the project. and read their whitepapers. If its look suspicious then its likely a scam.
Very often on this forum newbies ask how to identify scams, so there is blog on the topic, there are main points which should be interesting to read:
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
https://icoguide.com/en/blog/how-to-identify-scam-icos
Add your opinions also.
Reading the whitepapers is the best thing to do to be able to know if an ICO is legit or a scam. Do research on the development team as stated on the article. Checking the addresses and e-mails is also a good thing to do. Also try to contact them, visit their website, email them if you have further questions regarding the ICO and their project for you to have more idea about what you're investing on.
You can see it through whitepaper and some of the teams social media account if they really exist. Don't be fooled even though the ANN thread is colorful but it is full of lies. Some have some fake advisers that could convince naive investors. Find some ICOs that have a feature in ICO reviews to see its authenticity.
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