Many way we can know which one best and good ico for investment and scam ico, some ico project always put their team and owner detail, we have looking for they are really true owner data or fake owner and ico team.
Yes, finding the project team is exactly what they have posted on their website, but that's the safest way we can identify an ICO project. truly a success or a fraudulent ICO project. so I think we should check carefully before investing in ICO projects. 
Topic: How to recognize scam (Read 3159 times)
Some ways to identify phishing projects:
1. The objectives, capabilities and development of the project are not specified.
2. Mobilized capital is not clear.
3. No head of development project.
4. Profit is not clear.
1. The objectives, capabilities and development of the project are not specified.
2. Mobilized capital is not clear.
3. No head of development project.
4. Profit is not clear.
Many way we can know which one best and good ico for investment and scam ico, some ico project always put their team and owner detail, we have looking for they are really true owner data or fake owner and ico team.
There is no way to predict the future of some project.
There are 3 types of scam/failed ICOs:
1. Team creates ICO only for quick money.
2. Team creates ICO, they start work on the project, but they fail.
3. Everything is okay, but nobody wants to use the platform.
There are 3 types of scam/failed ICOs:
1. Team creates ICO only for quick money.
2. Team creates ICO, they start work on the project, but they fail.
3. Everything is okay, but nobody wants to use the platform.
In my opinion, to recognize an altcoin is a scam or not, it can be seen from the developer of ico.
Actually it's not too difficult to read plots in the crypto world, especially the ico coin. Before launching to the public, coin had been owned by developers and the teams because it had been mined previously with other miners. And when coins enter the market, Dev will play speculation creating a trend. Pumps increase the price of coins up by buying large quantities to attract crypto market exchange users so they want to buy these coins. when the price starts to move up and it is feared to reach the top point, the developer will sell all the coins, then run without care anymore, this is also followed by investors, miners and coin holders. So this is what causes coins to die, no longer active because there are no buy and sell transactions on the market. This can be known through the block that there are transaction transaction details of all coin activities.
Actually it's not too difficult to read plots in the crypto world, especially the ico coin. Before launching to the public, coin had been owned by developers and the teams because it had been mined previously with other miners. And when coins enter the market, Dev will play speculation creating a trend. Pumps increase the price of coins up by buying large quantities to attract crypto market exchange users so they want to buy these coins. when the price starts to move up and it is feared to reach the top point, the developer will sell all the coins, then run without care anymore, this is also followed by investors, miners and coin holders. So this is what causes coins to die, no longer active because there are no buy and sell transactions on the market. This can be known through the block that there are transaction transaction details of all coin activities.
it should be understood that automation is good for mass assessments and does not work well for individual ones. Therefore, it is better to use a point approach: first, applying the principles known to all; second, paying attention to details.
actually recognize that fraud is easy. so we have to be careful in choosing things. because every fraud always surrounds us. if you really want to find out if something is fraud or not you better find information.
it should be understood that automation is good for mass assessments and does not work well for individual ones. Therefore, it is better to use a point approach: first, applying the principles known to all; second, paying attention to details.
To find scams, you need not some super-techniques, machine learning and working with big data (although this, of course, would be useful for everyone), but diligence, attention to detail and time spent on research of ICO projects in proportion to investments.
you should enroll the occasion that it's a physical asset or partner degree affirmation that after you contribute subsequently you may get. a decent ICO doesn't rely upon the unconventionality to be productive there ought to be a wage fabricating programs behind to help the program. Likewise, ultimately, trust your intuition and direction the pros.
There is no specific way to recognize scams, I think. They don't go about with tags saying that they are scams. One can only be very careful when making decisions to invest in a project. There are some basic things you might be asked to look out for, like the team behind the project and the whitepaper. If the team members are reliable and the whitpaper good enough, then maybe it is worth investing in.
The instructions in this thread are really good, but still I think that at best it's necessary to try very hard to protect yourself from what is called scam, today people have learned to do many things, but with scam recognition of projects everything is bad.
I rely on transparency of the team regarding on the project so I can avoid the doubt. When I'm a bit skeptical I do not continue to support ICO. I also ask for the opinions of those with us or friends here in the forum that has long been in cryptocurrency. It is better to have the excuse and legality of the project.
You just have to check profiles on developments in social networks, facebook, linkedin, Vkontakte etc. In many times if it is a scam project they will be fake, also you should ask for more details about the product.
You're right. Now there are a lot of ICO with fake teams. Very good when the team participates in various crypto currency events than shows the seriousness of their intentions.
I depend on straightforwardness of the group with respect to on the task so I can stay away from the uncertainty. When I'm somewhat wary I don't keep on supporting ICO. I additionally request the feelings of those with us or companions here in the discussion that has for quite some time been in cryptographic money. It is smarter to have the reason and lawfulness of the venture. There are activities or ICOs that are at present have SEC enrollment archives, I joined their ICO.
- They don't have a readymade product.
Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.
In the event that you will contribute onpal, to perceive trick know the sources where they motivate salary to pay your advantage. In the event that they are putting forth to much sum consequently, don't contribute to that sort of onpal. They simply take your speculation without giving your advantage.
Hello everyone!
Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.
So I decided to make a list of scam signs: (and this is just my own opinion)
- A founder and a team are not open.
Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.
In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.
- Spending a lot of money on marketing isn't always show professionalism.
Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too
- You know nothing about a founder. And you cant find any information about him/her.
Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.
- They don't have a readymade product.
Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.
And what do you think about it? What are your signs of a scam?
Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.
So I decided to make a list of scam signs: (and this is just my own opinion)
- A founder and a team are not open.
Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.
In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.
- Spending a lot of money on marketing isn't always show professionalism.
Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too
- You know nothing about a founder. And you cant find any information about him/her.
Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.
- They don't have a readymade product.
Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.
And what do you think about it? What are your signs of a scam?
I wanted to say easy, bro. But unfortunately sometimes it is not so easy and there are a lot of people, who got scamed. Hope, your list will help people to get protected from scams.
It is not easy to detect scam.
You need to do some research about the project before you join in any ICO.
You have to check their product, the team profile and their social media.
You need to do some research about the project before you join in any ICO.
You have to check their product, the team profile and their social media.
Contact the founders and ask them detailly about the ICO.
Then, feel by your self.
Then, feel by your self.
you should enlist the occasion that it's a physical asset or partner degree confirmation that after you contribute subsequently you may get. a decent ICO doesn't rely upon the eccentrics to be productive there ought to be a wage fabricating programs behind to help the program. Likewise, in conclusion, trust your impulse and direction the experts.
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