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Topic: How to know legit altcoin that offer legit ICO? - page 2. (Read 3182 times)

legendary
Activity: 3010
Merit: 1460
One way to avoid scams is to know the team behind the ICO. Make sure to ask around who these people are in the cryptosphere. But even if you think they are good developers sometimes they still make stupid mistakes. One good example of this is the slock.it team. They are the ones who created the DAO.
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
earthcoin was a scam and I still made a decent profit on it
newbie
Activity: 3
Merit: 0
I am new here, would like to know more about ICO, i searched google but that did not give me any good results. Can anyone point to an full information about coin launch.

Is there any other sites that gives first hand information on ICO.   
legendary
Activity: 2450
Merit: 1047
ICO is legit if coin developers shows off their real identity in public, if  not think thrice before investing.

But Satoshi Nakamoto the first crypto currency developer did not show who he is for a very long time I guess very few dev that offer Ico will have the nerve to show off their face,they usually let their alt account do this for themselves..
legendary
Activity: 1260
Merit: 1000
Unless the block reward is independent from the coin creator, it's a cash grab scam.  Proof of stake is a permissioned ledger and not an actual decentralized network as well.  Once you've figured out that nobody in altcoins has actually improved upon the consensus mechanism of PoW, you'll figure out there's no reason for any of these coins to exist - with the possible exception of ring signatures or zk-snarks for anonymity.  It all depends on if Bitcoin adds it's own anonymity solutions or not.
hero member
Activity: 2926
Merit: 567
I vet the ICO's on http://icocountdown.com

You can check the ones that are bad here: https://medium.com/@icocountdown/

My general rule is if it's not on the site it has some red flags.

Enjoy Smiley

Very interesting  resources,are these Ico altcoin pay you to list their coin to your ICO countdown and what are your criteria to make it to your must list..

You post if it is not on the site it has some res flags..
legendary
Activity: 1218
Merit: 1003
Which coins that have generally been accepted not to be a scam, were started by an ICO?
As far as I am aware, the old school coins were never started by an ICO.

Ether is going strong at the moment, but the jury is still out imo.  Any good examples of ICO coins that have been around for years?
hero member
Activity: 1008
Merit: 500
I vet the ICO's on http://icocountdown.com

You can check the ones that are bad here: https://medium.com/@icocountdown/

My general rule is if it's not on the site it has some red flags.

Enjoy Smiley
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
I just had a chat with my friend who is very much into altcoin trading and told me about this ICO being
offered by newly launched altcoin..

Some of these are scam coin who just want to make easy money..

But some of these are legit ..

How would you know if the altcoin that's offering Ico is indeed legit?

The true value of a cryptocurrency is in its people, not its tech. The only way to properly evaluate a coin, is to properly evaluate its people.

~~
hero member
Activity: 2926
Merit: 567
if developer is unknown, run away
if developer is known for scamming, run away
if ANN says premine, run away
if ANN says weird things, run away
if ANN looks bad, run away
if ANN has shiny graphics but nothing else, run away
if ANN has very bad english, run away
if ANN seems too good to be true, run away
if ANN seems too bad to be true, run away
frankly only 1% are left
of this 1% you can wipe out 99% again, so you're left with very little choices

over time your eyes are trained
just be careful and use common sense
sorry for this introduction but you will see what I mean my friend.

With your post there is really slim chance that you can find a legit altcoin that offer legit Ico ,so it should be as professional as should be and no empty promises..
sr. member
Activity: 406
Merit: 250
ICO is legit if coin developers shows off their real identity in public, if  not think thrice before investing.
legendary
Activity: 2450
Merit: 1047
If you see yet another coin with fanciful graphics but no new features or innovation, same old coin specs, no actual road map, no white papers. Promoting ICO as Donation based. Large premine for "ico". High chance it's fake

I have seen these signs on almost announcement on new altcoin,some have done better o have turn legit but majority of them are really here to scam people it has become an hyip of the crypto currency..
full member
Activity: 146
Merit: 100
if developer is unknown, run away
if developer is known for scamming, run away
if ANN says premine, run away
if ANN says weird things, run away
if ANN looks bad, run away
if ANN has shiny graphics but nothing else, run away
if ANN has very bad english, run away
if ANN seems too good to be true, run away
if ANN seems too bad to be true, run away
frankly only 1% are left
of this 1% you can wipe out 99% again, so you're left with very little choices

over time your eyes are trained
just be careful and use common sense
sorry for this introduction but you will see what I mean my friend.
hero member
Activity: 1036
Merit: 504
Becoming legend, but I took merit to the knee :(
If you see yet another coin with fanciful graphics but no new features or innovation, same old coin specs, no actual road map, no white papers. Promoting ICO as Donation based. Large premine for "ico". High chance it's fake
hero member
Activity: 2926
Merit: 567
I just had a chat with my friend who is very much into altcoin trading and told me about this ICO being
offered by newly launched altcoin..

Some of these are scam coin who just want to make easy money..

But some of these are legit ..

How would you know if the altcoin that's offering Ico is indeed legit?
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