Unfortunately, because of the unregulated nature of the ICOs and the sheer amount of money to be made in this space, it does attract a lot of scammers. If you are investing in an ICO then you would want some assurances on your end that all the funds that you are going to invest are going to be used in a right way. Please ensure the following.
The project developers should be able to clearly define the purpose of their project using simple and short sentences. If they are taking too much time and beating around the bush, then that either means: their agenda is not clear or they are hiding something. Both of which are not that encouraging scenarios.
Make sure that the developers are not anonymous. There should be 100% transparency when it comes to their names, business plans, locations etc. You should be able to contact them regarding any and all information that you need to get from them.
There should be a legal framework between the developers and the contributors including terms and conditions set for the ICO.
Topic: How to know a legit token or coin (Read 195 times)
Now that shitcoins is everywhere now the best way to study and know if a coin or token whot to invest on is..
Team behind it..
Functionality of it
Total supply
Utility or security...
i will try to create a list Team behind it..
Functionality of it
Total supply
Utility or security...
1 Team behind it
2 The functionality
3 The code
4 The hype
The important thing you need to consider before try to invest in the any ico is the hype, The hype will give you a lot of people that have not gotten the place to participate in the ICO and then they will try to speculate the coin through buy from the exchange site.
Now that shitcoins is everywhere now the best way to study and know if a coin or token whot to invest on is..
Team behind it..
Functionality of it
Total supply
Utility or security...
Team behind it..
Functionality of it
Total supply
Utility or security...
If this is an instruction, please give more information and explain how to determine. If you think it's a instruction thread, I think it's low quality and look like a spam because there are many replies on multiple threads which are full and more details.
Some threads are full instructions:
"Tools for investing": https://bitcointalksearch.org/topic/tools-for-investing-4731596
"Guidelines, how to spot a scam ICO & report effectively.": https://bitcointalksearch.org/topic/guidelines-how-to-spot-a-scam-ico-report-effectively-5004397
"Social Media Analysis for Hunting Good ICOs & Projects [Tutorial] ": https://bitcointalksearch.org/topic/social-media-analysis-for-hunting-good-icos-projects-tutorial-2955487
...
Now if you are thinking, "well somebody can edit the code to steal your coins or make fake coins" that is not how it works. Yes they can make a "fork" of Bitcoin but it will be on a separate block chain. Meaning you cannot transfer those "forked" coins to the original Bitcoin. Saying that Bitcoin in itself is a scam is just ignorant. Now saying that some people viewed as innovators of Bitcoin gone rogue are scammers is more appropriate.
Now that shitcoins is everywhere now the best way to study and know if a coin or token whot to invest on is..
Team behind it..
Functionality of it
Total supply
Utility or security...
Team behind it..
Functionality of it
Total supply
Utility or security...
I agree with this.. And also just make sure to constantly monitor the project by joining all of its social media channel so that you will always get the latest news and update with that token. The team behind it must be active as well doing all they can for the continuous development and progress of their project. It is also a plus factor if it has product or service that is associated with their project.
In addition, in my opinion you must seek some feedback as well through project social media accounts such their telegram section where investors or participats mostly put their complain and positive feedback about the project, 'cause that's is the most important which is feedback to easily determine how good the project is.
i think you need to look team and roadmap if it good 60-70% will work.
but in crypto world some good [Suspicious link removed]d dev good roadmap have shit price right now.
and some coin early is good but after past 2-3month everything have change to scam coin.
but in crypto world some good [Suspicious link removed]d dev good roadmap have shit price right now.
and some coin early is good but after past 2-3month everything have change to scam coin.
If you are looking for a coin that has functionality or have a working or development project as stated above yes you can go to cmc as most of them are good especially on the top 100 as basically traders and investors knew that they're profitable that's why there's a large amount of volume. However if you are looking for incoming coin/token - ICO, it is very hard to identify whether or not it will work after the sale. It will be better if you will do your own research so that if in case you didn't gain any or lose still it was your decision and will not regret that much.
if I see coinmarketcap.com and see a list of the top 10 coins there. if the number 1 is bitcoin, then that is the best. and so on.
Now that shitcoins is everywhere now the best way to study and know if a coin or token whot to invest on is..
Team behind it..
Functionality of it
Total supply
Utility or security...
Team behind it..
Functionality of it
Total supply
Utility or security...
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