Topic: ICO scam!! (Read 596 times)

You need to be careful right for that first you need a safe by checking the white paper of the project first. Then you need to check the project developers team. Mostly if you convienced on those things itself you can go ahead an invest on it mate.

Still you have slight doubt with them means that you can check their Twitter and LinkedIn profile of the team members especially CEO. Tlif you find new accounts there then you can directly confirm them as scammy people.

The scammers are everywhere and the cryptos are not immune to this reality, on the contrary, there is a propulsion of ICO scam and projects that will not work.
We have to be careful not to fall into the trap of many ICOs.

hello my friend
I have experienced the incident Scam ICO. Always be careful if in the telegram someone is claiming to be the admin or manager of the ICO. He asked for some money to me.

I don't.now on the contrary, all projects seek to do better and better and scammers are very, very little as I see at the moment

fake ICOs just make their own thread very wonderful and pleasing with big allocated bounty for each kind of campaign we join and through us sharing this ICO people that reads the ICO program might invest in scammers so the discipline should start on us who joins the campaign or else many will suffer

many projects are really scams. but not everything, right?there are excellent projects in which it is necessary to invest or participate

Everywhere scattered scam,so better to be careful not to scam out ICO,BITCOIN,ALTCOIN and others crypto.Well we have to alert for everything to avoid scam.Keep safe always.

Yes i do also have read some experience of other members here in the forum that could relate on the possibilities that you could be scam with an ICO after all those activities you mention on somehow that could get you to assurance on your investment. He came to join a bounty program which he think was a good ICO they offer digital copy and tv channel for crypto. Indeed a good concept however after the couple of weeks in his campaign the management had came to an announcement that all 15k bounty hunters should take part on contributing 0.1 eth per bounty hunter. They also implement KYC so he leave that ICO for good. Now all of a sudden some of the ICO like what happen to that memver will relatively could also happen on to you. Anyway if you want to invest a good ICO try BITSCHOOL ICO i am happt to ve with this ICO and private sales had gone to almost 4m of sold tokens. Good enough to invest.

However, we should also remember that not all ICO scams were actually a scam when they launched an ICO. Some projects and dev team are actually hoping for their project's success but some of them may have found a hole or something during the course of the ICO (e.g lack of funds, cannot deliver as what they promised, no investors, etc) Due to these reasons, some "real" ico may have no other choice but to exit as a scam. There is a difference with an ICO that turned into a scam and a scam ICO.

Yesterday, I think, investors had a savedroid , the pressure jumped. The news yesterday was not very much that the founder ran away with $ 50 million.
And today, as it turned out - it was a joke !!! Now people are having fun.

Ya, you still have chance scam by them because even if everything look fine, token sale successful raised fund, maybe they will run away after collect ICO money, but it's cryptocurrency world and high risk investment, high profit return or loss, but I still invest in ICO

Try to double check every single details to make sure by yourself that you are not in scam. It will help you no boost your confidence if you join the pillars manager in crypto. With their management scam couldn't be able to enter. Try to search some managers who are active here for a long time until now. You are more safe to invest in their campaign.

i think the only way to know is when it hit on any exchanges and dump after a while and no chance to recover. So if you doubt that the ICO is scam but it hit in any exchanges sale it while it is alive to save you.

Most of the companies that carry out the ICO, it is possible to raise money investors. Scammers rarely come across.

ICO is an unregulated way of raising funds is harnessed by legitimate companies to get direct access to broad network of investors. Having said that, this void in regulation attracts all kinds of scammers which can pretty easily create a fraud business and take advantage of the hype around ICOs.
All the scammers need is a wallet, a Whitepaper and a working website and they are good to go.

as being bounty campaign participant since last year, most of us were joined on scam or failed ICOs because this generation it's very hard to figure out until they show suspecting and irregularities regarding their project road maps and the people behind the ICO and the crypto projects.
At least on my side, I only lost time and effort and not the same with other members in this forum that they are getting scammed by some fake ICOs and Crypto projects that are too good to be true.

    30 ICO projects in total are going to participate in Descrow Platform testing as of today. We welcome 7 new projects!



                           

Medicohealth — project for improving healthcare system by creating doctor — patient environment based on blockchain. Application creates possibility for fully anonymous, safe, and efficient communication with world’s leading healthcare specialists and provide own tokenized and secure payment system. Decentralized ledger technology enables traceability, data immutability and creation of secure methods for privacy protection that makes such platform perfectly fit for using in healthcare system.

International Charity Exchange BCharity. Platform allows to bring together individuals, funds and organizations from across the globe, providing an opportunity to help people in need. Decentralization will transform the modern systems of charity, removing unnecessary activity, barriers and regulators that decrease the effectiveness of charitable foundations and organizations, while evolving global charity to a new qualitative level. BCharity will open new opportunities in the field of charity by facilitating philanthropic donations via digital currencies and increasing charitable activity with no borders.

INSPEM — blockchain based artificial intelligence that able to recognize faces and objects using mobile phones and static cameras. At the moment, the platform develops several areas of activity. The service will be useful in missing people search, bystander or witness search, and in criminal search –it can help to recognize the faces of thieves or terrorists at mass events. The system operates as follows. After the biometric analysis of the face (for example, from the photo), artificial intelligence looks for a coincidence on the tracking cameras, and in case of a coincidence, the user will be able to buy a record from the camera and find the right person.

Hybrid Betting is an Ethereum-based betting game without a mandatory house edge. The advantage of Hybrid Betting is a profit model totally different from models of other betting platforms. Hybrid Betting profit model is based on the number of shifts played: each sport event can be a shift and platform will take a small fee at the end of the betting phase just before the event starts. Fee was considered from 0.5% for bigger events to 2% for smaller events. Hybrid Betting can allow users to bet against each other without considering odds and the bookmaker edge: new game will allow punters to take care just of other punters in a game with no stronger parts.

FrYa Crypto is a platform for the future of business to powering that through new equity blockchain. While existing solutions offer to solve just one problem at a time, FrYa is up to build a secure, useful, and easy-to-use product based on private blockchain. It will include easy cryptocurrency payments integration, and even a digital arbitration system. At the end, FrYa aims to integrate companies, employees, and business assets into a unified blockchain ecosystem, which would make business truly efficient, transparent, and reliable.

Wixlar is a digital currency and payment system based on the blockchain technology. System advantages are in using Hybrid POW/POS and applying enhanced secured hashing algorithm what makes transactions instant and more secure. The system provides opportunity to use Wixlar coins for buying and selling products online and offline and more than 12 other services for private persons and companies such as: Wallets, Master Card, Exchanges, Smart Contract, Letter of Credit, Cloud Storage, E-Shop, Academy, Rewards, Partnerships, Lottery and Free-Lancing.

LibertyLance — Gig based marketplace where freelancing meets blockchain. LibertyLance is a platform for both clients and freelancers, where freelancers can post their gigs and clients can select from those gigs based on their reviews, pricing and delivery. Platform will be self-regulated by using Smart contracts — it will be used to ensure smooth transactions and act as an escrow medium between the two parties without involving any other middleman.
We will be glad to welcome your project on testing the platform, you can apply by filling out the form below
https://goo.gl/forms/PaYT3MoieB0l9YC72
We also invite experts, specialists, analysts in the field of crowdfunding for further partnership, please feel free to contact us
https://goo.gl/forms/FNCKsyVkptCBhAJl2

https://medium.com/@Descrow/30-ico-projects-in-total-are-going-to-participate-in-descrow-platform-testing-as-of-today-bcd9b698544b

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I dont think so that all of ICO was scam but maybe some of themThe only knows that ICO is one of the biggest help to make it earn from bounty and investment.

Of course, some scammers lie behind seemingly legitimate projects I think. There are a lot of professional scammers and they mostly get away with it.

The highest probability is that hackers will crack the smart contract code of this project and withdraw all crypto. So developers and investors will end up with nothing..