Topic: ICO scam!! - page 2. (Read 599 times)
If you choose the right company, you can find a good decent option that will not let you down and bring money.
Descrow is actively looking for partners for the project development
Dear Descrow community members and everyone who is interested in our development! We advise you that Descrow is actively looking for partners. We need IT developers, advisors, and experts in various fields of crowdfunding. If you have your own project in marketing, legal or fin tech field, if you do care about the development and improvement of the crowdfunding market, we invite you to cooperate with us.
Descrow is an infrastructure project, changing the common principles of investing in the cryptoeconomy and blockchain technology! It is an international crowdfunding platform of a new type with the central service of decentralized escrow and a set of tools for safe investments in ICO and professional implementation of ICO projects.
https://goo.gl/forms/nGF5fkyhCKbMgBcz2
https://medium.com/@Descrow
https://www.facebook.com/descrow3/
https://twitter.com/Descrow3
https://t.me/descrow_rus
Dear Descrow community members and everyone who is interested in our development! We advise you that Descrow is actively looking for partners. We need IT developers, advisors, and experts in various fields of crowdfunding. If you have your own project in marketing, legal or fin tech field, if you do care about the development and improvement of the crowdfunding market, we invite you to cooperate with us.
Descrow is an infrastructure project, changing the common principles of investing in the cryptoeconomy and blockchain technology! It is an international crowdfunding platform of a new type with the central service of decentralized escrow and a set of tools for safe investments in ICO and professional implementation of ICO projects.
https://goo.gl/forms/nGF5fkyhCKbMgBcz2
https://medium.com/@Descrow
https://www.facebook.com/descrow3/
https://twitter.com/Descrow3
https://t.me/descrow_rus
How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts. 
In addition, you need to check the project team. Now many scammers are making fake profiles of influential people to raise more money. You also need to carefully study the possibility of implementing the idea.
How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.
You have taken a step to find out more about the project and that is what makes you different from others who they just look at is the website, the graphics without even bothering to take the necessary steps in finding out more about the achievements already done by the team. Also, you have to understand that the team is also very important, so you may need to always add it to your list. With all this and when you are very certain, there is no way you can get scammed.
you should be able to determine the Scam or not,all good, isio appear on Aiko the drop,and if the rating is high,it is unlikely that the project will be Scam
These scam companies have a fraudulent scheme. Everything is fake. Fake whitepaper, fake team, fake website etc.
Most of them have no available products or apps. Most ICO's were merely plans and papers where they would just start developing their application or product after raising funds. So, it is a positive sign for me if a company has an available app already that is tested in handling large volume of transactions.
It is really important to always check, read, and analyze the Whitepaper and look for the Roadmap. Is it a long term goal? Future development? When it will be list to external exchange, developing another application, and so on. Also, a good project has a very active community to support each other.They should have at least the three primary social media platforms such as Facebook, Twitter, and Telegram. Active and updated at Ann Thread.
Some people do legit checking by confirming the amount of Ethereum that ICO already collected. They do it through verifying the ICO contract address if the amount of Ethereum that the ICO already collected that usually showed in the website is correct and same on what you can see on Ethereum blockchain. It can be verify tru Etherscan for ERC20 tokens. (For ERC20 based token)
Most of them have no available products or apps. Most ICO's were merely plans and papers where they would just start developing their application or product after raising funds. So, it is a positive sign for me if a company has an available app already that is tested in handling large volume of transactions.
It is really important to always check, read, and analyze the Whitepaper and look for the Roadmap. Is it a long term goal? Future development? When it will be list to external exchange, developing another application, and so on. Also, a good project has a very active community to support each other.They should have at least the three primary social media platforms such as Facebook, Twitter, and Telegram. Active and updated at Ann Thread.
Some people do legit checking by confirming the amount of Ethereum that ICO already collected. They do it through verifying the ICO contract address if the amount of Ethereum that the ICO already collected that usually showed in the website is correct and same on what you can see on Ethereum blockchain. It can be verify tru Etherscan for ERC20 tokens. (For ERC20 based token)
How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.
Yes.
They could forego all future development and give you an incomplete product.
You could still be holding the tokens, but all the promises that they had about how great their platform will be may just disappear into thin air. You have to consider that possibility and do your due diligence when you invest in any sort of ICOs.
Or, they could just collect the money and disappear. That's happened before.
Now, the ico scams are perfect, and I can't find out if they are a scam. I prefer the technical ico, and the application type is not very good.
Unfortunately, there are a lot of scammers in ICO at the moment. I hope that over time their number will be reduced, including the introduction of regulatory standards by the legislation
It seems to me that to 100% secure yourself from falling into fraud, you must invest in projects that already have a legal entity and a finished product. In this case, we can check all the team members and the legality of their activities. Obviously, it should be people from civilized countries who do not want problems with the law.
totally agree with you.project that already have a legal entity could help us protecting our money.if they scammed us we could make report it.and now on much project that has legality standing
I've seen a big scam recently, it was monero gold. They used an exploit in Erc20 protocol for their own benefit and scammed many traders as well as a big exchange.
It seems to me that to 100% secure yourself from falling into fraud, you must invest in projects that already have a legal entity and a finished product. In this case, we can check all the team members and the legality of their activities. Obviously, it should be people from civilized countries who do not want problems with the law.
How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.
you should check it first before actually investing your money. there is much you can do to become a learning and research material. as a whole you have to learn it, and see what ico is potentially future and technological. it is all important to be considered and evaluated
there are many ways as ICOs are usually investments in very early phase of the companies, some of them have literally nothing to show for their work. Therefore some of them simply won't deliver and scam their investors.
Exactly, most ICOs do not even have any product, and all they have to show is some website and whitepapers and I wonder why people fall for that. I feel the most important thing they always end up missing out like the OP did not mention, is basically the team.I leave all the other things on one side, and I focus more on the team, their past achievements, how good I feel they can deliver and that is where I make my decisions before going ahead with the whitepaper and some other things I really need to dig further on the project.
There are many criterias to look at, and even after analyzing deeply there is no guarantee that you will not get scammed by devs. As for me, I don't believe youtube, steemit, medium and other social media bloggers because they are interested in creating videos in order they participate in various bounty-campaigns and get stakes from them. I wanna write such article after testing my conception in several ICOs
How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.
I think so. Scammers nowadays have also made their quality a bit higher to legitimately compete with those projects that are truly legitimate. That is why telling which one is truly legitimate and which one is just wearing some masks is getting really hard to do. However, more or less, after reviewing everything thoroughly, you are removing a large portion of the risks involved. Of course, you cannot make your decision risk-free but at least you are investing in something that passed your screening.
I do not know if ICO did a scam, but to anticipate it we should read the whitepaper and its roadmap thoroughly. may we all never be deceived when investing ICO
There are many scam coins in the market which disrupts the good image of crypto. This should be stop in order to support the security of the investors and traders.
If the ICO gtihub code keep update of the project, then you don't need to worry about too much, 99% of the projects are excellent, not deceive people, remember that open source code is the most important point.
As stated, there are many ways to scam people during ICO period. Some scammers look very professional that you see their project as investible. They actually market their scam ICO very well to make you invest in it.
Let me share with you an article that explains one of the most recent scam projects, Benebit and how they scam their investors.
https://medium.com/@Descrow/the-organizers-of-the-scam-project-benebit-have-disappeared-with-2-7-mln-ba0ef4fb440b
I had joined their bounty campaign to promote their project, and guess what? I got nothing!
Now the most common fraud among the ICO companies is not to pay the participants of the campaign the generosity of the tokens they have earned. To do this, after the ICO campaign is completed, they begin to demand that they pass the procedure for claiming their earned tokens and at the same time come up with such multi-pass options, switching from one page to another, which sometimes turns out to be impossible technically. Another method of fraud is the requirement after ICO to conduct a KYC check for something, requiring identification data and copies of passports and if the signatory does not agree to provide such data and copies of passports, they simply do not pay the earned tokens and these tokens are assigned. Let me share with you an article that explains one of the most recent scam projects, Benebit and how they scam their investors.
https://medium.com/@Descrow/the-organizers-of-the-scam-project-benebit-have-disappeared-with-2-7-mln-ba0ef4fb440b
I had joined their bounty campaign to promote their project, and guess what? I got nothing!
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