How to spot a SCAM ICO? - page 2. | Bitcointalksearch.org

Elqui

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Quote from: Discoperi on August 21, 2018, 01:05:55 PM

A good method to determine whether an ICO is scam or not is to look up for the partners of the particular project, especially on their marketing agency. Usually, blockchain startups don't have their own marketing department, therefore they hire other companies to do PR, marketing, content creation, community management etc.

So check their website, their LinkedIn's and all those stuff. For example, if you'll check out the Incryptico marketing agency, you'll see, that all ICO projects they served are successfully completed crowdsale and are now listed on the exchanges.

So you may use the same scheme to check out the ICO projects and determine, whether are they scams or not.

Thanks for the info. 😊 I'll check that Incryptico marketing agency.

Elqui

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Quote from: pubudu92 on August 21, 2018, 12:45:47 PM

You can always check the background details of the project, website, whitepaper, team, and advisors etc. Most of the SCAM ICO can identify by it. If you find that team members are fake, the whitepaper is copy-paste then definitely that project is going to fool you. So before investing your money in a project always reminder this advise.

Thanks for the tip 😊

Elqui

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Quote from: Zwei on August 21, 2018, 12:20:20 PM

Scam ICO's are not an incorporated company.
The people behind the "project" are unknown/fraudulent team members/advisors.
They promise high/fixed profits if you invested.
Plagiarized/bad whitepaper.
Token distribution structure doesn’t make sense (e.g. 35% for founders)
Team dodging questions by the community (Refusal to disclose company info)

You can read in details from the source here: https://blog.indorse.io/how-to-spot-a-scam-ico-d2cfe47b3b52

Thank you so much for the tips and the link, ive learned so much with it. 😊

Discoperi

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A good method to determine whether an ICO is scam or not is to look up for the partners of the particular project, especially on their marketing agency. Usually, blockchain startups don't have their own marketing department, therefore they hire other companies to do PR, marketing, content creation, community management etc.

So check their website, their LinkedIn's and all those stuff.

So you may use the same scheme to check out the ICO projects and determine, whether are they scams or not.

pubudu92

jr. member

Activity: 243

Merit: 1

You can always check the background details of the project, website, whitepaper, team, and advisors etc. Most of the SCAM ICO can identify by it. If you find that team members are fake, the whitepaper is copy-paste then definitely that project is going to fool you. So before investing your money in a project always reminder this advise.

Zwei

hero member

Activity: 510

Merit: 574

Too Little, Too Late.

Scam ICO's are not an incorporated company.
The people behind the "project" are unknown/fraudulent team members/advisors.
They promise high/fixed profits if you invested.
Plagiarized/bad whitepaper.
Token distribution structure doesn’t make sense (e.g. 35% for founders)
Team dodging questions by the community (Refusal to disclose company info)

You can read in details from the source here: https://blog.indorse.io/how-to-spot-a-scam-ico-d2cfe47b3b52

Elqui

jr. member

Activity: 243

Merit: 2

What are the signs or clue that an ico is a scam? Thanks. 😊

Topic: How to spot a SCAM ICO? - page 2. (Read 315 times)