First of all, when investing in ICO, you invest in a team of people. Therefore, pay attention to the team and their competence, communicate with the team directly in the social. networks and chats.
Topic: How to know project scam or not? - page 9. (Read 1721 times)
Just to be curious to know that the project is scam is if the developer doesnt get online and their move was bad the had a lot of reason a promises but all of that is a lie. To know that the project is not a scam is if the developer update always about the project and always online and keep spreading news
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
so many indication to review that, technically every person have a different view and pattern to analize. example from whitepaper, track records a team, social media concerne, roadmap and platform. i think no crowdsale or token sale live is new sign for caught a good interests. you only need to figure out a good track from some good ICO's in the past to learn that. Not easy but would take your time to study. Make it for your refferences for choose a good ICO . I believe every people will be succes if never stopped learn and studied. Good luck
First of read the White Paper and try to understand what the project want to do. Then try to take as much info as possible. Know who the founders are, if they have already done good projects in the past could be one of the winning keys to not stumble in scam project.
1.On the forum are links to projects.
2.If there are more experienced guys ready to tell about the project.
3. You can pay attention to the subscription at the forum of the participants.
4. Read about the project and draw your conclusions about the project.
2.If there are more experienced guys ready to tell about the project.
3. You can pay attention to the subscription at the forum of the participants.
4. Read about the project and draw your conclusions about the project.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
It is good to check their white paper but searching is not end there because good white paper is not the assurance but can help you. Good to find ICO with existing product and company this kind of project is promising. 
Seriously speaking you can never know. Look at projects like Bitconnect or Comodo. Even if they have the greatest white papers and are promising you glory. They don't have any value in the real world. Unless they have a working product to show case. All those promises are nothing but ashes.
I agree. This market is just so unpredictable and volatile that, sometimes, even if developers really prepare for its launch and it was not really a scam at first, would turn out to be because of the impending failure that they might face. I am not defending them because it's totally out of the question to scam people; however, what I am saying is that failures in this market has become quite a normalcy that people see projects that are failing as scams. If you really want to be sure of the project you are joining just check everything about it, but if it still does not achieve its quota, then it's just how the market plays, unfortunately.
Often projects in their description and announcing write about the fact that they are safer, cheaper, faster and the like. But if there is no real technical details how this was achieved then this is scam
There are basic guides on how to spot a legit or a scam project but it's not 100% guaranteed. Some may look real at the beginning that ends up being a scam.
A good project, the general information will be very detailed. Its threads will have websites, white papers, twitter, blogs, and Facebook. The most important thing is to carefully read the contents of the white paper. You should have team members, a roadmap, financial support, and technical support.
from my previous experience, I can say it is hard to know scam project especially nowadays that scammers are playing wise and hard to get. reason for this is that some ICO will have good intention but in the long run, they decide to quit the project and everything turn to scam e.g. http://symmetry.fund/. however, some of few ways to know scam ICO include poorly written whitepaper with high plagiarism (use plagiarism checker for whitepaper). ICO website that makes their ETH address the centre of attraction(ETH address will be boldly displayed on the home page with the caption " send your contribution to this ETH address"). Incoherent roadmap. Fewer or none information about the team management (if a picture of team/teams is/are present use google image to search for the person on the internet). finally dont join ICO just because you see they have been listed numerously on ICO review website. some scammers also pay review site to get listed on their platform.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
just investigate about that particular campaign. check their background, their platforms, investigate about the team who builds the project. and see who their partners was. see also their roadmap, and decide for yourself if you are satisfied with the informations you gather.Roadmap also plays important role to verify if a project is scam or legit one. Also it must be checked if a coin or project has some particular utility in the real world application and blockchain.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
To check whether a project is a scam or not, firstly read the whitepaper that is released by the project team. See what utility and technology does the project have and what it plans to do in the future. Then check the background of the team working on that project and make sure that they are not anonymous. Secondly I would recommend you to invest just in those coins are projects that are in top 30 list on coin market cap. Also join telegram group and twitter page of the particular project or coin to get regular updates on their work and progress.
First of all is White Paper. Read and after that ask questions in ICO chat. Check the community, social networks, if they have ready-use product (preferably), their activity before ICO, partners
You never 100% know that some project is not scam but it is your obligation to spend time and conduct due diligence to make the best possible decision: read whitepaper, visit project web site and study all available materials, pay special attention to project team, use web search to check key facts and figures, etc. The more efforts you devote that, the more chance that you will not invest your money in some obvious fraud.
you need to research alot for it
1- Easiest way to tell is the team: If the team members are respectable veterans in the space, then you can bet the project will fly even if for a short period of time after the ICO
2- Project itself: Most projects out there are vaporware. Read the whitepaper: First of all, you need to understand how blockchain works, then looking at the whitepaper see if the project idea would benefit from the blockchain technology, or if it is a new blockchain project, try to find out what will set them apart from other blockchain technology that already exist and are working great already
3- Best to invest in fields you understand. You're less likely to get scammed reading a whitepaper of a project in your field of expertise. Some of them can be technical, and you understanding the technical aspect of it, you will be able to tell if it is legit, or just a pile of fancy BS.
Good luck, and try not to get scammed!
1- Easiest way to tell is the team: If the team members are respectable veterans in the space, then you can bet the project will fly even if for a short period of time after the ICO
2- Project itself: Most projects out there are vaporware. Read the whitepaper: First of all, you need to understand how blockchain works, then looking at the whitepaper see if the project idea would benefit from the blockchain technology, or if it is a new blockchain project, try to find out what will set them apart from other blockchain technology that already exist and are working great already
3- Best to invest in fields you understand. You're less likely to get scammed reading a whitepaper of a project in your field of expertise. Some of them can be technical, and you understanding the technical aspect of it, you will be able to tell if it is legit, or just a pile of fancy BS.
Good luck, and try not to get scammed!
It's pretty simple to recognize scam now. First of all idea and project must be not too complicated and be promising, after that you should chek out team and advisors, do some researches about them and their work before.And of course you should ask your friend's opinions. Good luck to you.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
I'm sure I don't need to repeat what many above have already said...
According to statistics, about 90% of the coins are losing their value after the ICO. That is why it is very important to filter out the bad ones from the good ones. Get a complete information about the product, team, work progress, future business plans and legal authority of ICO before investing. Just do you own research and don't rely on peoples opinions.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
I do not think you can understand such a thing in advance, you can only rely on researches and experience to see if this project has the potential or not. Then you just have to wait and see what happens.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
We can't really know that for sure. There are a lot of topics here about that but everyone is agreeable that it is so hard to determine legit and successful ICO. Maybe a little bit more research about the project can help you, but there is really no assurance.
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