These statements are like 50-50% true. I mean yes most of the ICO's are having new websites, linked profiles, or new social networks but it doesnt mean that its really login to be scam one. Many times they could be legit projects but they might be newly formed and thus making their way through new social networking accounts. White papers are getting shit way of learning the project ideas and scam % of them. Because most of the time you can get what paper created for few bucks and they look like most progressional too. May be its hard to predict about the ICO's these days.
It is more likely those newly formed projects are inexperienced and hence might not be able to handle the project to a successful end, even if they are not scam. Am not saying that is always the case though . 
Topic: How to minimize the risk of being scammed. - page 5. (Read 627 times)
Risk of being scammed can be minimized by knowing the ICO and the project before investing and mostly project with a detailed roadmap is the one you should trust.
These statements are like 50-50% true. I mean yes most of the ICO's are having new websites, linked profiles, or new social networks but it doesnt mean that its really login to be scam one. Many times they could be legit projects but they might be newly formed and thus making their way through new social networking accounts. White papers are getting shit way of learning the project ideas and scam % of them. Because most of the time you can get what paper created for few bucks and they look like most progressional too. May be its hard to predict about the ICO's these days.
The development of blockchain has both advantages and disadvantages. A liar is always good at deceiving money by all means.
Then you should look for the information of this project carefully.
If the founding team has a bad track record, it's because an honest team is more conducive to the development of the project.
If the founding team has a bad track record, it's because an honest team is more conducive to the development of the project.
After reading their whitepaper then ask yourself these questions:
1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Yeah! I believe that no matter how do we know the project, we cannot prevent to be scammed. Whitepaper is not an indication that a certain project will success. But there is an advantage of looking in a WP. In fact, it helps us to become confident on what the project we supported. 1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
I think the rise in scam projects these days is so alarming. Even those ones who didn't mean to be scam eventually turn out to be scam because the ICO will not be successful.
If ICO project is unsuccessful why ICO manager does not return investor fund? So that investors are not disappointed and can enter again to another project.and for bounty hunters do not consider a scam if the participants do not get paid because the project is not successful, let's just say it is a job risk.
If investors are not disappointed and the participants of the gift campaign always think positive, I'm sure a good ICO project will soon flourish.
It seems to me that the most important aspect is the real application and value of coins. It is very important to make sure that people want to buy these tokens. If you look now at the proposals of different ICOs, then you will not want to buy their coins, because you have no interest in this other than speculative.
Once you observe any flaw in data representation then there are chances the project is a scam. However, some projects improve over time depending on what happens as they progress. I see it as a complicated process that anything can happen anytime. Best thing you do for yourself is to manage tour own risk
I strongly recommend those project with very detailed roadmap and because it is a tool for me to determine whether the team behind will do whatever it takes to work ahead of their deadlines and it will show how dedicated they are.
Thanks for the information, at least this will save us from the scam projects we invest in.
After reading their whitepaper then ask yourself these questions:
1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Yes, these are really good tips that can help bring scammers to clean water. I am interested in the following question: How can I find out how much time does the site exist? Tell me how can I check it out? 1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Good day. I always check social media sites of the ICOs I join. I'm more at ease when I saw the team members participating on various crypto summits. It means they are well know and legit persons. You'll know they are real and not just pictures on their websites. Many things are still to consider.
not to be make a decision that you are wanted to make some investment on it cause as long as you are have some doubt on it you have to more practical for not trust easily even that you have been read everything on it.
Yes, it is very difficult to identify the genuine ICO. The only thing we can do is to gather information about the project, read their White Paper, study their website, product, team etc. We only can minimize the risk of being scammed by using our study and knowledge in taking the correct decision about the ICO.
My personal opinion is that you need to evaluate the development team. Watch their profiles on social networks, search for information about activities.
Thanks. This is enough to determine superficially whether to participate in the company. It can help many people
After reading their whitepaper then ask yourself these questions:
1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Research, Reading and Response. White paper is important, how can you trust projects without a whitepaper. With law enforcement actions and general awareness growing, outright scammers have it harder than ever! Though, of course, there’s still a need of research and digging. So make sure you know about the project you’re investing in. Go for Liven and Treon these are my favorite projects, LVN is an Australian ICO with an established business in food sector. 1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
No 100% of assurance to success because the project name can be defined after the campaign. The result depends to the performance of the project whether it can be shitcoin or one of the potential coins in crypto.
To avoid scams you need to know about that area. For example, if you want to invest in an ICO project, you must know the project that you are about to invest. Not only hear the good promise of the enemy but accept the money to invest.
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