How to Indetify Fake and Scam Token Coin and ICO

semobo

full member

Activity: 1498

Merit: 146

Quote from: ziyush on March 09, 2018, 11:20:32 PM

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users

-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform

Also read - https://coinpricetoday.com/crypto/find-fake-token-ico/

If I miss any point mention in reply

Even though if we follow and analyze all the things before participate in ICO there is no assurance that is is 100% legitimate program because scammers are more smarter than before.But it is a good post though who don't have any knowledge how to identify about the project it will hep them.

RDNX

member

Activity: 392

Merit: 11

If you smart enough, you can check their smart contract on GitHub or Etherscan. My opinion, good ICO have a fixed/hardcoded max supply in their smart contract.
Beware if you found a line of code that can do infinite minting in their smart contract.

ranchi

member

Activity: 143

Merit: 31

Cryptomaa.com Helps in finding Real project

Quote from: ziyush on March 09, 2018, 11:20:32 PM

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users

-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform

Also read - https://coinpricetoday.com/crypto/find-fake-token-ico/

If I miss any point mention in reply

Good points I appreciate your research apart from this you can also check whether they have registered there company or not and there company have valid address or not.

mriansa

full member

Activity: 560

Merit: 105

which you say is enough to determine a good ICO or not but it seems the fraudsters will work harder to fool the victim so it's better to remain cautious, if I'm not mistaken I see there is a web that gives an overview of the ongoing ICO, KYC features for CEO and co-founder to prove the authenticity of the project, its web is https://icobench.com/
for example you can see this.

a25asdp

newbie

Activity: 2

Merit: 0

This is also what I need to learn. Newcomers like me are even less clear about how to identify fraudulent ICOs. I only know how to do more research.

Noelbetty12

jr. member

Activity: 168

Merit: 5

Now You Can Be The Bookmaker!

What was posted gives a good idea of what to look for. The list contain reasonable inputs. However, What I would like to emphasize more is the possibility that some of these identities could be those that was just taken from the internet as a stolen info. Maybe we should check if they are really the person displayed on the picture. Stolen identities are common nowadays.

YAlex

newbie

Activity: 63

Merit: 0

Quote from: SnapFX on March 10, 2018, 12:01:10 AM

Now at all points, which you described, it is possible to create imitation. Swindlers on the Internet become more cunning.

These are just conditions that must be met when creating and developing ISO. In addition, you must understand that this idea can be at least someone you need.

ziyush

member

Activity: 406

Merit: 76

Crypto Lovers

I want to Add more on this

Fake Appearance, Fake Information

The blockchain is 10 Year Old and many claims to be the part of it for more then 5 years, if that is the case then why they started working on TOKEN instead of there own blockchain.

jakiro.hovard

full member

Activity: 504

Merit: 100

Thank you for the wonderful strategy. I will try to use it, but it seems to me that all this can not give a 100% guarantee, but such caution, of course, can reduce the risks for investing. Therefore, caution never fails.

SparkSun

newbie

Activity: 154

Merit: 0

Yaa its topics concern right now becuase there are so many ico in the market but if you dont know about it well it might be risky. before joining or invest ico i do research about those compnay white paper, dev team , roadmaps and the product also. so my sugesttion for you do lots of research and then invest any ico if all the things remains good

cryptosifu

sr. member

Activity: 378

Merit: 251

Scammers are getting more cleaver these days so it's very difficult to spot out the scams before hand, but the obvious ones I have seen and will recommend staying away from are those projects that mention they will be listed on a large exchange such as Bittrex, Binance or Poloniex before the ICO starts. Unless they provide proof such as an endorsement from the CEO of the exchanges, it is usually a scam tactic to get investors to invest thinking the coin will be traded on the exchange after the ICO. Avoid these projects.

leland orser

member

Activity: 196

Merit: 10

The Experience Layer of the Decentralized Internet

A good team and open source code, I think this is the fundamental way I judge whether the ICO project is a hoax.
Most of the time, as long as the project is open source, it is not a scam. Grin

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: ziyush on March 09, 2018, 11:20:32 PM

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users

-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform

If I miss any point mention in reply

Look for the various team members on social media. If the team members are all people with Twitter, LinkedIN and Facebook profiles that are all brand new, you can bet it's a scam. You want to look for established developers that are already active on social media. If you can't find any information about the dev team on social media you need to avoid that ICO.

linkybit

full member

Activity: 560

Merit: 107

Keep Working

Quote from: ziyush on March 09, 2018, 11:20:32 PM

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users

-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform

If I miss any point mention in reply

Good points, I always look into project team first and then product/service they offering, once satisfy then research on market demand, roadmap, etc.

kier010

full member

Activity: 532

Merit: 100

scammer today are more creative and more cunning. some/many people/investor don't have time to search that is why they are scammed.

masphie

full member

Activity: 896

Merit: 102

-= OI =-

yes...your point is correct.
But remember..... all of them become useless if don't have the same mission.

voom360

newbie

Activity: 112

Merit: 0

The best way to avoid Crypto scams is to do a lot of research. check them out on Facebook and Twitter also need to be careful and do your research. Also don't believe all you hear and see.

digitalmind

newbie

Activity: 30

Merit: 0

Quote from: ziyush on March 09, 2018, 11:20:32 PM

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users

-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform

If I miss any point mention in reply

Add
1. how well integrated the coin is in the projected
2. have they put any time limit for advisors and team and owners to withdraw their share, which shows how committed they are

angrygroceries

member

Activity: 127

Merit: 10

Quote from: ziyush on March 09, 2018, 11:20:32 PM

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users

-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform

If I miss any point mention in reply

For example, the ledger or MEW said back and forth, security!
1 / Private key / json / 24 seed: use winrar, compression, set pass file compression, drop to drive, email.
2 / Log in to MEW using json. Do not enter passwords from keyboard, but use virtual keyboard / on screen keyboard.
3 / Spending money is million billion, unfortunately the virus and malware browser: kis / nis / bis + malwarebyte antimalware
If you just want to balance, use etherscan.io or ethplorer.io. Limit login to MEW just to watch the token for fun
5 / 2FA; Use authy to save. set backup pass / login, bla bla bla ... Do not use SMS to receive 2fa

Ponya

copper member

Activity: 140

Merit: 0

Good list. I take it for analytics

Topic: How to Indetify Fake and Scam Token Coin and ICO (Read 255 times)