Topic: How to known a Scam ICO - page 7. (Read 30816 times)
Try to check their team members. Many ICO teams are fake teams. They go online to steal other pictures, and then put these people's photos on their websites. There are already many themes on BTT that expose these Scams.
What I know to know about ICO scam is to look at the whole project. Like a team, vision, mission, and other things. In my opinion, it was very influential on the project. If the project information is unclear, it must be suspected that ICO is a scam. Because before we invest in ICO, of course, we must analyze before investing.
To determine the ICO scam you need to look at his team. Try to search for information on its members in social networks and other sources. If you haven’t found anything or social network accounts have been created recently, then they are most likely scummers.
Scam ICO can be spotted right from the whitepaper to the developers supporting and team behind. If an ICO is proposing an idea that may not be needed and want money to start a product or service from ground up, such ICO may be risky. Projections and plan does not always turn to success.
I think the main way to identify a real ICO is through language communication, such as joining a telegraph group or trying to contact the project team in other ways, and getting more knowledge about the project by asking.
There have been a lot of talk on this subject, but in the end, of course, there are real ways of checking that you can write on a large sheet, but even these checking algorithms cannot lead you to a 100% guarantee.
The most important fact for me it is a section of the white paper that introduces the team members. A lot of project teams will put team bios on the web site, but for some reason fail to include them in the white paper. This makes no sense to me: white papers are frequently passed around from prospective investor to prospective investor as a de facto offering memorandum. Investors are too busy to hunt down web sites and verify project team members’ identities. So, I recommend everybody ask himself before investing: does the white paper include team bios?
I think the best strategy at the moment is to buy coins after the first listing, because in 99 percent of cases, new tokens are losing a lot by the first listing. So just find a great token and wait until they got listed.
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
ICOS investment isnt good at this situation, i will recommend you to invest in stable coins like ethereum or XRP.. How to know a scam icos is simple just do your research (everything about the icos you wanna invest, (TEAM, allocations or ETC). If you find something weird, just go away from that icos investment. BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
Find yourself some aggregator that will evaluate projects and give your recommendations and listen to them. This is the easiest way not to stumble upon scams on the net.
This is a great way in the most realistic ways to find a scam in the ICO, in my way you can advise a few investors to go ahead or post it here for comments. Other investors, you can do that
At the moment, they are quite small. But to distinguish them in the future,remember the standard samples of fraudulent sites and check the founders of projects on linkedin and Facebook.
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.
well said and it is really true. However, scammers now are good and they could create a good project and even a good team that pictures were being copied and paste somewhere in the google and had given some name that you will going tp believe. Some of them are using social media to copied personal data and put it as part of the team. You see scammers are really good. 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.
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
It was quite difficult to do. Recently, fraudulent projects have created such beautiful sites and found such good actors that even an old and venerable investor came in and gave their money.
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
Common we notice of a scammed ico is when the team is not transparent and when we review in icobench the team indibidual status is unverified. As advice much better to buy existing coin with exchanges to make sure of the investment going through but considered to choose potential coins. BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
First of all let's separate SCAMs and unsuccessful ICOs.
I agree with the majority of the comments in this thread that you first need to check white paper and team members.
1. In 99% of SCAM projects don't have real/valuable idea or business use case, which really need a blockchain to solve something.
2. As a rule, there are no people in the team with serious experience in the relevant field. That is, you need to check the command profile in the social networks like Linkedin, Facebook, etc. And pay attention when profiles were created.
I agree with the majority of the comments in this thread that you first need to check white paper and team members.
1. In 99% of SCAM projects don't have real/valuable idea or business use case, which really need a blockchain to solve something.
2. As a rule, there are no people in the team with serious experience in the relevant field. That is, you need to check the command profile in the social networks like Linkedin, Facebook, etc. And pay attention when profiles were created.
If an ICO project never reveals team information, you should be cautious and don't even have much hope for this project. I suggest you go to the exchange to buy tokens, and the price is very cheap now.
Fraudsters always show us many potential ideas, but they are not implemented, so we can analyze the strength of the project team, the product sales channels and the authenticity of technical support.
This is very difficult. Some scammers are very professional. Their projects are doing well, including white papers. These can make you want to invest immediately after seeing the impulse, but in fact the project itself has nothing to do with the white paper, so I gave up the ICO. Investing in bitcoin is the most sensible way.
I always read white paper and look at the road map. Often, fraudulent projects do not describe their activities in too much detail and they do not have calculations about the possible capitalization and profit.
Find yourself some aggregator that will evaluate projects and give your recommendations and listen to them. This is the easiest way not to stumble upon scams on the net.
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