Topic: How to known a Scam ICO (Read 30814 times)
because there are already too many ico, so I feel that I prefer the best ico provider platform, for example bountyhive.io, because it's clear there is a high ico rating and our concern for scams is very small.
Right now it is just a risk ,
I mean every ICO could fail and every ICO could be a scam,
It is the risk of an ICO investor.
It is hard to tell if the ICO is a scam or if it would survive.
I mean every ICO could fail and every ICO could be a scam,
It is the risk of an ICO investor.
It is hard to tell if the ICO is a scam or if it would survive.
Hard to find ICO are scam or not because there is no regulation about ICOs. If ICOs regulated by government, i am believe it will be good for ICOs climate and market can gain more trust from investor.
Investments on an ICO is very much risky these days. But All of them are not a scam. You need to find them by yourself. It required research about that ICO. You can follow up with their telegram groups. All their social website about their activities. Besides you can read their whitepaper. If you found any lackings then ignore them. It's all about your hand, so think twice about to invest. Other hands you can buy coins from the reputed exchanger's. Invest those coin which has high volume or good reputation.
You can easily identify a scam ICO by going through the Whitepaper, you will find it lacking a lot or just plain ambiguous. Then they are those who parade fake team members, lie about their background and experiences.
The key indicate for an ICO project to be identified as a potential scam project;
1. the aims and missions of the project usually are not really defined
2. the products used to backed the project have no realistic solution to the identified problems on the whitepaper mostly
3. the roadmap of the project usually does not say much about the future of the project..
1. the aims and missions of the project usually are not really defined
2. the products used to backed the project have no realistic solution to the identified problems on the whitepaper mostly
3. the roadmap of the project usually does not say much about the future of the project..
Hard to avoid, here is some tips.
3 Ways to Identify an ICO Scam:
1. The Developers Are Anonymous
The first and most blatant sign of an ICO scam is that the token’s developers are anonymous or otherwise-unknown.
2. The Token Does Not Have a Clear Use Case
Another sign of an ICO scam is that the developers are unable to clearly articulate a valid use case for the token.
3. The Whitepaper Sets Unrealistic Goals
If the whitepaper sets an unrealistic development schedule, it either means the developers are using deceptive tactics to attract token buyers or they lack the necessary experience to give a sensible scope to the project. Either way, this does not bode well for the success of the project and its corresponding token.
before I read this I don't have any idea about how to find the scam but now I had clarity about how to find it properly with my little intelligence so thank you for your valuable coins and it will be very useful for some of the people who don't know about how to find it. 3 Ways to Identify an ICO Scam:
1. The Developers Are Anonymous
The first and most blatant sign of an ICO scam is that the token’s developers are anonymous or otherwise-unknown.
2. The Token Does Not Have a Clear Use Case
Another sign of an ICO scam is that the developers are unable to clearly articulate a valid use case for the token.
3. The Whitepaper Sets Unrealistic Goals
If the whitepaper sets an unrealistic development schedule, it either means the developers are using deceptive tactics to attract token buyers or they lack the necessary experience to give a sensible scope to the project. Either way, this does not bode well for the success of the project and its corresponding token.
Still I don't know how to find a scam in the beginning stage because the scam projects are also been same as the trusted projects but it will in the beginning stage only after that we realised there is something will be problem in that this is the right time to find the LBS camp is going on but otherwise the beginning to find it very difficult show the experience people share your thoughts about this and thank you for your kind opinion.
You can check about their team. whether it's on Twitter, linkedin or other related social media.
If you want more information, you can visit ICO observer sites, such as Icobench and others.
Correct name is ICO rating sites and they should be used to discover new ICO's but not as investment advisors.If you want more information, you can visit ICO observer sites, such as Icobench and others.
it is hard to detect now, since scammers are getting wiser and innovative by using well known names and creating false publicity. Everyone should be aware of unrealistic goals of ICOs.
I don't know why is hard. It is your money. Talk to people face to face. You will be sure if name is only used or is real. It's like a lottery. It seems to have checked everything, everything is fine. And you end up losing. You were meet and investing in a scam ICO again.
I don't believe so. Identifying good ICOs does take time and bit of understanding of the idea being pitched. I found that best way to identify scammers by looking at their LinkedIn Profile and connections they have. Building connections take time. It's a brand new profile with no connections or with connections that also look fake, that's a red flag for me. Everything else can be cooked.
It's hard to guess the scammers. It's like a lottery. It seems to have checked everything, everything is fine. And you end up losing. You were meet and investing in a scam ICO again.
You can check about their team. whether it's on Twitter, linkedin or other related social media.
If you want more information, you can visit ICO observer sites, such as Icobench and others.
If you want more information, you can visit ICO observer sites, such as Icobench and others.
Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
you can search for the correct ico by looking at the official website usually ico is scam is very vulnerable fake websites are made and it is not clear who holds / is responsible for the ico project if you want to buy ico it can but must always be careful if you buy dibursa I think it's safer because of the guaranteed authenticity of coins from the exchange. BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
For you to find out the scam ico here is my own opinion which I think can give an idea for you,
1. If the Owner or developer is anonymous it means you need to avoid that ico project.
2. If they don't have a website it means the project is bogus only.
3. If they're community to their social media has a few counts only you better think about that.
Then, I suggest you to buy coin on exchange that more like it and better also.
it is hard to detect now, since scammers are getting wiser and innovative by using well known names and creating false publicity. Everyone should be aware of unrealistic goals of ICOs.
Right now it is just a risk ,
I mean every ICO could fail and every ICO could be a scam,
It is the risk of an ICO investor.
It is hard to tell if the ICO is a scam or if it would survive.
I mean every ICO could fail and every ICO could be a scam,
It is the risk of an ICO investor.
It is hard to tell if the ICO is a scam or if it would survive.
Check more deeply about their ico concept and also see if they have a team that is indeed genuine or fake. because most of the ico from the team they cheat and manipulate
even real developers team could scamming investors.if someone already trying to steal investors money i think they could do anything,even create fake id , fake ico progress or anything.and i am sure at this moment easy for us to identify scam ico.
You better see in advance in terms of the team from the project. Because many fake projects use photos of other people to be included in the team. This should be avoided before investing. It's better to invest in ICO than in exchange. Because you definitely get a bonus from investing in the ICO.
Check more deeply about their ico concept and also see if they have a team that is indeed genuine or fake. because most of the ico from the team they cheat and manipulate
most times it is almost impossible to tell which is a scam ICO and that has made most people to become very inquisitive about any ICO related project and also become over careful with those coming to scout for funds to enable them carry out projects. always ensure to read the details of the team and make enough research to find out
You should always read the most important document of any project, the whitepaper. In a scam projects the team members are too lazy to write a good one. Moreover, I would look at the product and the community numbers.
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