You have to research extensively the project before investment. Read whitepaper, examine social media accounts and project team. Also team members are one of the most important stuff for project. Research their past works, linkedin accounts, attended events etc...
Don't forget. If it's too good to be true it probably isn't.
Topic: How to known a Scam ICO - page 22. (Read 30791 times)
To Known a SCAM ICOs you will need research more about that ICO you join.
example : Read and understand Whitepaper, Look the team and profile, and make a speculation "are the projects will reach hardcap ? or just softcap ?.
if you new on cryptocurrency world i will recommend you to buy Top 10 Altcoin to know more about the market, Experience is the best teacher
example : Read and understand Whitepaper, Look the team and profile, and make a speculation "are the projects will reach hardcap ? or just softcap ?.
if you new on cryptocurrency world i will recommend you to buy Top 10 Altcoin to know more about the market, Experience is the best teacher
Scams are everywhere! Do your research. ICO tokens seem totally useless and valueless; the 12 pages of the white paper are extremely vague and have not any real technical details.
By and large, maybe it's not at all in people, but in a project that may prove to be weak and therefore close!
Many have decided to protect themselves from fraud by purchasing coins not during PREICO, and during the release of coins on the exchange. Because at this point, the participants of the bounty drain their wallets, and the cost of coins is greatly reduced. And then, if the project is good, the coin is gaining momentum up.
The best way to know scam ico is to make research in any coin you want to invest into, seek opinion of people in the crypto community. Mostly scam ico makes use of fake team, hide most information from the users, offers huge bonus etc.
You can not check it. Even a project with very good reviews can be a scam. It may not happen at once. Once and for all buy and watch the market. 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
ICO coins will give you more benefits than the coins on exchanges as it already get their value high but there is a need to know that how to recognize a legit ICO and how to know a scam ICO. There are many options which will let you know that which ICO is a scam ICO and which ICO is legit. For example look at the team members and if the team members are legit and they are really related to that activity then it is ok. Other thing to note is that if the project they are promising is the copy paste of other or it is a unique idea which is possible by the planning which the project is claiming. BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
Unfortunately, it can be easy for people to make a scam site look real. Read the whitepaper, check LinkedIn or other sites to verify that the owners and dev team are legitimate, verify information matches other information on the internet. Simple internet searches can go a long way in verifying the legitimacy of a company and the team involved.
Additionally, check where they are located and answers to FAQs if provided by the company. They should be striving to be as transparent as possible.
Additionally, check where they are located and answers to FAQs if provided by the company. They should be striving to be as transparent as possible.
The best way to know scam ico is to make research in any coin you want to invest into, seek opinion of people in the crypto community. Mostly scam ico makes use of fake team, hide most information from the users, offers huge bonus etc.
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
The ICO project market has become a scam habitat. Thanks to the spectacular price increases of cryptocurrencies in 2017, the ICO market seems attractive to investors. A wave of growth lulled their vigilance and encouraged them to participate in new projects. It has also caused a huge influx of inexperienced investors, who are often the victims of manipulation on the part of dishonest ICO organizers. Most ICO are scams, the rest are projects whose creators try to implement their plans. Many of them, however, face failures. Only few succeed. However, if this happens, you can count on profits. One thing is certain - you need to get familiar with the information documents of these ICO projects that interest us, and also try to realistically assess the possibilities of implementing individual projects. BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
It's not an easy thing to spot a scam especially at the ICO stage, almost all projects look good and promising at this stage,no one. Can really tell which is good and which one is not,but there are some pointers to watch. Check on the token distribution sometimes scammers tend to over allocate tokens for themselves, e weary of such projects
Go to their website, read their whitepaper, see what their vision is for the coin and the project that they are creating. If it seems off like the team are not really doing a good job then it is usually a scam. You might want to look up the profiles of their team of developers
The only way i do know scam ico is when it says people should donate a little bit of ethereum.
It is hard to determine a scam ICO,they are a deceiving projects they look like real.Maybe you can consider the managers are reachable and manage by a high rank manager and members are real.
Its hard to find a scam ICO but there are a thing or a sign that you can find a legit ICO. Check out the ICO's team and their background, Its better to have a team member who is a part of a successful ICO before or check their partners. This move will reassure you that the ICO is legit enough to invest.
I is difficult to say for sure, but there are some things you should take into considerations: often projects which already have some products are more trustworthy, besides project should have reliable team, it should be active in social media, but not just posting, but you should assess the quality of the content. 
It is very easy now. At first, visit their website and try to find their Team Member's profile. If you see all member's LinkedIn Profile is new or only 50-100 Connections then that could be a point. The Website looking will be un Professional. if you see many sponsorship logos on their website they have a check those links. Maximum Links will not work and their whitepaper will be cheap. Scam ICO will have not An average rating in Icobench or Icodrops website.
Follow these steps, Hope you will find more point to know about a scam ICO. Good Luck.
Follow these steps, Hope you will find more point to know about a scam ICO. Good Luck.
How to know a scam ICO firstly you have to go through their whitepaper to understand the purpose of the project (roadmaps). Secondly to find information about the team members past records
Bad ico project is insufficient information about the team, poorly designed website and white paper etc.
That's not always the case, as I can give you dozens of examples on the contrary. Nowadays, the scammers are getting very innovative. They are putting a lot of effort in to the White Papers and ANN.
Always set a smaller goal, don't invest everything on it, if it looks suspicious try to question around, see if other people are aware of this ICO, it needs to be fancy but REALISTIC, never trust people telling you gonna be millionary with the product, to me this is the first step that is a scam, as getting millionary with a start-up is very unlikely and it feels like they are aiming for the ignorant masses.
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