I think that we need to analyze the site and look at how actively managers participate in the progressive bounty.
That is also important. Bounty hunters also in a project success
Topic: How to recognize scam - page 11. (Read 3159 times)
That is also important. Bounty hunters also in a project success
I think that we need to analyze the site and look at how actively managers participate in the progressive bounty.
Make sure they have a good following and community backing. How can you do this? Check reddit, twitter and forums. Make sure the team is real and that they are not using pictures of celebrities like Ryan gosling as their marketing executive like the one that made news last night. I find myself dumbfounded with what people are getting away with.
if asked me about this matter
I really have no idea How to recognize scam,
involvement in contribute ICO
i is not a large-scale investor,
I usually invest in the minimum amount they allow
but not to exceed 0.001BTC
except for some developments
that can give me answer and persuade me with their project offerings and ideas,
otherwish, I will often choose some uncharted projects with blockchain technology or
projects that have the uniqueness of the products / services they provide
and most importantly identify the founders of the project and
debate related to the needs and importance of their projects before contributing
and this is rare as most founders recommend to read the whitepaper and understand their roadmap,
so here is come a reasonable distraction which prevents you from plunging into their projects with large-scale investments.
but so far I have not yet invented history with ICO scams,
a which is very important to investors need to understand,
is your investment trend before joining any ICO including ICO Lending
and if they are not willing to serve you then ignore it better than get caught up with project
as we are not sure how they delivery and success
I really have no idea How to recognize scam,
involvement in contribute ICO
i is not a large-scale investor,
I usually invest in the minimum amount they allow
but not to exceed 0.001BTC
except for some developments
that can give me answer and persuade me with their project offerings and ideas,
otherwish, I will often choose some uncharted projects with blockchain technology or
projects that have the uniqueness of the products / services they provide
and most importantly identify the founders of the project and
debate related to the needs and importance of their projects before contributing
and this is rare as most founders recommend to read the whitepaper and understand their roadmap,
so here is come a reasonable distraction which prevents you from plunging into their projects with large-scale investments.
but so far I have not yet invented history with ICO scams,
a which is very important to investors need to understand,
is your investment trend before joining any ICO including ICO Lending
and if they are not willing to serve you then ignore it better than get caught up with project
as we are not sure how they delivery and success
Scam programs are always with fake advisors and fake profile,this could be seen from there advisors and team social media,as for their white paper and concept you can identify them,they always come up with good project and product.
Yeah, there should be live accounts of real people. Also, they have to be available for a chat
I can not determine at the beginning of the project how it will later behave because it is difficult if the conditions coincide with other projects.
try make skype call with co-founder of ico
Scam programs are always with fake advisors and fake profile,this could be seen from there advisors and team social media,as for their white paper and concept you can identify them,they always come up with good project and product.
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?
You can recognize scam when you see that what is promised os too good to be true. Taking that into account whenever the cost is lesser than what you would get then you would have to think really hard and check if this is really a letimate way of earning or getting something or you are being conned and scammed. A lot of times people get blinded by what is offered to them that they disregard the cost and the value of what they would lose in return. They are fixated on what they would get rather than the process of getting it and then turing it into a much more profitable prize
Pay more attention to the conditions. As a beginner, it was difficult for me to recognize what was not yet what the results were. Closed projects often that were chosen at random
for me it is easy to recognize which is scam or not. if the site or company that you chose is promise you a big profit without doing anything it is definitely scam. no company that exist in this world pay you without doing anything except if you own it.
To invest to a serious ICO project, you should do accurate research about it.
Read a white paper, check team members, web site, all social media platforms, ask for a smart contract at github.
You can recognize scam,when he/she will get your private information about your account.And there's a lot of way that a scammer can do.But for me you must be wise especially in this world full of a wise people.We could be recognize when he/she ask for something thats different from your personal info.And also we see how can trust a person.Just make sure that be sure who will be the one we trust for everything. Read a white paper, check team members, web site, all social media platforms, ask for a smart contract at github.
To invest to a serious ICO project, you should do accurate research about it.
Read a white paper, check team members, web site, all social media platforms, ask for a smart contract at github.
Read a white paper, check team members, web site, all social media platforms, ask for a smart contract at github.
Very well, it's very difficult to recognize where the lakhotron is at the initial stages of the bounty. Everything looks so beautiful in the beginning. But I always look at the level in the bitcointalator of the person who created the project and look at the same tasks on the tasks whether they are really performing for the kind of money they provide or you can poke something else that will be more profitable.
The first thing I'll look at when determining scams is the team section. The founder should be a real human being and should have proof that he is not made up.
I think beginners do not always define a scam or not always choose on a guess or for a beautiful picture. And it is better to sit for a while and analyze their future prospects. How much fees, how many people are actively involved, the activity of managers.
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?
There is no way to determine if the ico is a scam or not so if you are going to join a campaign then look for the manager that is being trusted by everyone so that you will surely get the exact amount of salary that you will supposed to earn.
Good post and all is very useful information. Unfortunately cryptocurrencies present a huge opportunity to scammers due to limited regulations.
Hey, thanks, that was really helpful! I'd just like to add that every business isn't a scam, sometimes they just fail to achieve their goals. The fake ICOs however must be recognized before you even think of investing your hard earned money. Sometimes these ICOs also create fake profiles so they could go on forums to promote their scam. So do a lot of research, LinkedIn is a good place to start, only invest if you can verify the owners work history, etc.
I do believe too that first thing you need to do is check the team
Hey, thanks, that was really helpful! I'd just like to add that every business isn't a scam, sometimes they just fail to achieve their goals. The fake ICOs however must be recognized before you even think of investing your hard earned money. Sometimes these ICOs also create fake profiles so they could go on forums to promote their scam. So do a lot of research, LinkedIn is a good place to start, only invest if you can verify the owners work history, etc.
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