Topic: How to recognize scam - page 10. (Read 3159 times)

That's right, I think if you are smart enough, you can recognize if the ICO is scam or not. There are a lot of factors, from them you can know if the project is legit and good or the inverse. People should read carefully the purpose of the project and do some research about it, I mean about the team, people reviews, the look of their website, the professional side,... and many other things, then you can have a better idea about it and decide if you will invest and trust in it or not.

If the email, phone call, prize or lottery notification has any of the following elements, we strongly suggest it is probably a fraud and you do not respond to it. Below are some general tips to recognize scams.  Detailed information can be found from the menu buttons at left:

    The name of the company is listed on this website somewhere as a scam.
    The email matches one of the definitions or formats on this website.
    The organization has no website and can not be located in Google.
    The email or requestor asks for bank account information, credit card numbers, driver's license numbers, passport numbers, your mother's maiden name or other personal information.
    The email or caller advises that you have won a prize - but you did not enter any competition run by the prize promoters.
    The email claims you won a lottery (we know of NO legal lottery that notifies winners by email)
    The mail may be personally addressed to you but it has been posted using bulk mail - thousands of others around the world may have received the exact same notification. Especially true if you find an exact or similar email posted on this website.
    The return address is a yahoo, hotmail, excite.com or other free email accounts. Legitimate companies can afford the roughly $100 per year that it costs to acquire and maintain a domain and related company email account.
    The literature contains a lot of hype and exaggerations, but few specific details about costs, your obligations, how it works, etc.
    The prize promoters ask for a fee (for administration, "processing", taxes, etc.) to be paid in advance. A legitimate lottery simply deducts that from the winnings!
    The scheme offers bait prizes that, if they are real, are often substandard, over-priced, or falsely represented.  Or, as part of the prize you can purchase "exclusive items" which may also be over-priced or substandard.
    To get your prize might require travel overseas at your own cost (and personal risk) to receive it.

In my own opinion, there is no way for you to recognize a scam unless this person or site you are logging in wants your private key to be entered but in joining ico's, there is no way to determine if they will pay at the end of bounty campaign or not.

True. A whitepaper is very important. Without a good whitepaper a project is worthless

My system to know whether a specific thing is a trick is I generally request a testament , an authorized or a proof of authenticity since they will misdirect you to draw in and loan a cash with the most pleasant words and bother you for their organization. However, the best thing to know whether a thing is a trick is you comprehend what to have when they are putting forth, the most grounded weapon for trick is a profound learning.

Mostly we may know scam projects  after crowdsale, it suddenly  disappear and never give their promises from bounty participants and investors. Of course,  we can see how convincing  they are and how good is their project but they just seek money for their own interest.

Sometimes it all goes well according to the procedures that have been done, the way of giving information sometimes has been running well and it seems all been very convincing, but at the end of the ICO finished everything changed, because many causes.
eventually arise that becomes a scam ....... so actually the luck factor in all this is also very dominant, how do you think?

Hello ... this is a very interesting topic for me , in my opinion to be able to tell which one is genuine or fake can be seen from the mechanism of how to work the project through the project site, can also check from whitepaper ( to explain the mission vision of a coin and not just a mission vision also including a design) , and do not forget to see his project Team Work and check who's the media supporting this project. That's all I think, to avoid fake project scams.

To recognize scam, do not be in a hurry to invest, Be patient enough to do you research about the project, check through several ICO review spreadsheet, check trhough about what the project is all about, details about the team and there past track record. Check through there social media platform and observe comment from investors. Do not invest base on followers on social media platform, invest because you have done your detailed research.

This information is very useful to those who are just starting their activities in the field of bounty, as you do not want to spend time on projects scammers. I'll use your advice, thank you.

The internet is the most widely web communication network ever constructed . it is used by millions of humans and machines every seconds of everyday. there are good and there are bad happening on the internet and one of the most prolific bad things are the ongoing attempts to scam ,innocent people out of the money identifies .Here are a few basic tips to recognize scam: It contains a link. It contains an attachment. It has a look a like URL and use of security features.                                                                                                                                                                                                                  Learning to recognize and avoid scam and sharing that knowledge with your family members is critical to combating identity theft and data loss. Businesses should educate employees about them.

Most scams play upon basic human qualities that everyone has to some degree. Many of these qualities are not very flattering. they include traits like fear, vanity and greed. con artists have leveraged these traits for hundreds of years -- play upon a person's greed and you can convince them up is down and cold is hot.

you must learn about their ICO project carefully.
your thread have a good analyze point.
i hope your thread will be useful for investor who want to invest in ICO.
because there are many ICO's now, and can turn into scam project.

In the event that I am distant from everyone else, see the undertaking is a trick or not, see who the venture director I will take after

regardless of whether he has a terrible notoriety or not, in the event that he has an awful notoriety then I will search for another venture

which is taken care of by a respectable director

that is it

Thank you, this is a very good list!

scam.

• promising money, fame all quick
  demanding infos of you.
  writing a lot about features
  showing big roadmaps
  showing small or no real code/design work.
  advertising something that has already been done 200times

If you are going to invest onpal, to recognize scam know the sources where they get income to pay your interest. If they are offering to much amount in return, don't invest to that kind of onpal. They just take your investment without giving your interest.

I do understand you. Skam us a big disadvantage of this industry

you must check if it has a pysical asset or a guarantee that when you invest on it you will earn. A good ICO does not depend on the volatility to be successful there must be a income generating programs behind to sustain the program. And lastly, trust your intuition and consult the experts.

I do not know, because most projects are scam!
Initially this project looks very promising, after the mid-start seem a peculiarity, and then we know that it is a scam project!
this is a risk that must be accepted in the crypto world. and in my opinion this is natural!