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Topic: ICO SCAM - page 3. (Read 2217 times)

full member
Activity: 560
Merit: 102
July 06, 2020, 06:43:33 PM
The trends in the crypto world are always changing. For now, IEO is more popular than ICO, everyone knows that IEO provides better guarantees to get profit now than ICO, because ICO is often used by scammers to commit fraud. To get profit, we must realize that every method and strategy has risks, it cannot be avoided, we only need to minimize them. Joining IEO can be very profitable if we understand the right timing, most of the coins or tokens after physical day trading have decreased significantly, see? we must choose the right timing.
hero member
Activity: 2814
Merit: 576
DGbet.fun - Crypto Sportsbook
July 06, 2020, 06:26:00 PM
very difficult to identify ico scam. we can only see it when the bounty is over, and see how the developper will manage the project. because at the end of this ico period is the most important moment, namely distribution and also token listing.
it's not so difficult thing as long as you must try to see what already experienced by others with the scam icos. So many people have been mentioning the right point about what you should take a look at before try to invest in the ico.
The scam ico will always offer too good to be true idea.
Yes. Do not be easily lured by those too good to be true promises or else you will end up being scammed too. I think the best way to avoid scam ICOs is still making a deep research on the background of the project. If you cannot do it, then better stay away from investing in ICOs and invest only in bitcoin which i'm sure you can totally make profit from it.
jr. member
Activity: 97
Merit: 1
July 06, 2020, 06:15:30 PM
Hi, guys, I want to ask how do I avoid ICO scams...

Are there any good ICO's left? or is the market flooded with bullshit coins?

The entire crypto market has had enough of ico scam and bullshit and even the developers are aware of it, reason why all of them are choosing IEO instead of ico for raising funds. I think you should forget about icos too and focus on IEOs on reputable exchanges if at all you are most interested in investing in start-up projects
sr. member
Activity: 1183
Merit: 251
July 06, 2020, 05:52:34 PM
I am very sad if the ICO is currently a lot of scams, because it will also affect the income at Bounty, I left the bounty for 3 months already, and joined this month because I saw HOMT, before I traded because there were a lot of bounty and scams ICO
It has already happened since a long time ago but it's slowly but sure the scam projects become even less from the time to the time. You can try to check the market and a lot of investors have become smart investors and they can avoid the scam bounty easily.
hero member
Activity: 2912
Merit: 526
Reward: 10M Shen (Approx. 5000 BNB) Bounty
July 06, 2020, 12:47:57 PM
Are there any good ICO's left?
None. ICO is dead, new projects using IEO and STO or crowdfund to get money for the purpose of development. Even though you are guaranteed to get your coins with this scheme but the profit you can get is not guaranteed or I would say it's 50:50 but most of them are pretty bad if you look at the market.

or is the market flooded with bullshit coins?
Most of bullshit coins came from unfinished IEO and shit devs/teams, you can go with top altcoins which is the safer option but if you dig to deep mostly you will find the shit one.
full member
Activity: 824
Merit: 104
PredX - AI-Powered Prediction Market
July 06, 2020, 12:31:38 PM
There are still good ICOs for now, but they are developing with a variety of shitcoins that are currently busy at Uniswap. It's the same as in 2018 when during the ico project only targeted the presale and list market and after that, they disappeared.
in Uniswap many projects like that we can buy at presale and sell on Uniswap will get the maximum profit if the token gets FOMO.
I don't see any good ICOs right now, mostly fake and scam. Do not waste your time and money on ICO projects, if you want, go to the major exchanges and participate in IEO
sr. member
Activity: 1593
Merit: 284
July 06, 2020, 12:26:09 PM
I'm yet to understand why people still invest in ICO. From the little information I have, I don't see ICO's to be lucrative. Most of the project don't get their softcap and several others tend to abandon the project after getting what they want.
All the points you mentioned are because you invested in the wrong ICO and that is why the question is how to identify the real coin sales and avoiding the fake ones which are only meant to raise funds pay a small exchange and then just run away with no further updates, I still have bad memories with Flux Token .. they just never worked on it Undecided.

People from this community do see one member's success with ICO and they want to copy similar profits so they do start risking their hard earned money with next available ICO with doing enough due diligence. This is what usually happens on most ICO as far as I have seen. This simply helps scam ICO to enjoy easy money.

Try to study the project first before deciding to join. Simply put, a scam project can be seen from its insecure website (Http), offering very high and unreasonable profits, a company whose identity is not clear, and false news that supports it.
Having SSL is not a big deal but yeah it is one of the minor points to keep in mind but not having https doesn't mean too bad either if the project is new because remember when primedice initially launched they didn't had the SSL but they worked it out once they realize their gamblers want that to be implemented.
hero member
Activity: 3094
Merit: 537
Leading Crypto Sports Betting & Casino Platform
July 06, 2020, 10:09:44 AM
very difficult to identify ico scam. we can only see it when the bounty is over, and see how the developper will manage the project. because at the end of this ico period is the most important moment, namely distribution and also token listing.
it's not so difficult thing as long as you must try to see what already experienced by others with the scam icos. So many people have been mentioning the right point about what you should take a look at before try to invest in the ico.
The scam ico will always offer too good to be true idea.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
July 05, 2020, 09:44:46 PM
There are still good ICOs for now, but they are developing with a variety of shitcoins that are currently busy at Uniswap. It's the same as in 2018 when during the ico project only targeted the presale and list market and after that, they disappeared.
in Uniswap many projects like that we can buy at presale and sell on Uniswap will get the maximum profit if the token gets FOMO.
sr. member
Activity: 1932
Merit: 370
July 05, 2020, 06:59:45 PM
There are many ways you can avoid ICO scam.
If you guys are smart enough then you should kno what should be done to check if the ICO is a scam project.

1. Search thoroughly the team behind the project, this is what matters the most for when you check for the project because the team is the heart of the project. It matters when they a degrees related to run and handle a project, not just because they said it on LinkedIn.

2. The project aim. There are lots of project these days but are the long term? is the purpose beneficial for the crypto? is it going to be a huge deal? this is what I look for the project goal.

3. Whitepaper. You'll see a lot of copied whitepaper, if you see one leave that project alone.

You can follow up on telegram to see what people are saying about  the project, you can also check on forum to see the level of acceptability of that project, you can also check review of such project on the internet, you can so background check on each team member.
Yeah, you can join such groups that is wanting to invest on those projects so you can see their opinions about it. The reviews on the internet? I don't trust them, you can actually pay someone to do a positive review with everything.
sr. member
Activity: 1246
Merit: 285
July 05, 2020, 06:44:43 PM
very difficult to identify ico scam. we can only see it when the bounty is over, and see how the developper will manage the project. because at the end of this ico period is the most important moment, namely distribution and also token listing.
Why wait for the bounty to finish? after all, not all ICO projects have a bounty campaign.
Investors will definitely focus more on analyzing the product and usefulness of the project rather than just paying attention to the bounty. In addition, investors believe that IEO is handled by trusted exchange such as Binance for the current investment strategy, while Ico has a very big risk.
sr. member
Activity: 1680
Merit: 262
July 05, 2020, 06:38:11 PM
very difficult to identify ico scam. we can only see it when the bounty is over, and see how the developper will manage the project. because at the end of this ico period is the most important moment, namely distribution and also token listing.
hero member
Activity: 2156
Merit: 670
Hire Bitcointalk Camp. Manager @ r7promotions.com
July 05, 2020, 06:36:48 PM
For now ICO was not good at all and it should be avoided because some people used ICO to scam some investor which is not a good idea, you must join now IEO on the top exchange and don't join on the exchange that has a fake volume or else your funds would be lose.
You are right. Most ICOs are no longer trustable and too risky investing our funds there. Even there is a trustable ICO, but they were only a few of ICOs and rarely appeared. Well, the best option is participating in IEOs. But ensure that the exchange can be trustable and has a good reputation. Binance, Bittrex, or Kucoin are examples of trustable places for IEOs. While Latoken, P2PB2B, and other small exchanges are not really trustable places for IEOs. However, even it is a trusted exchange, we are better to do more research as the future of that new coins don't depend on the IEOs only.
sr. member
Activity: 1183
Merit: 251
July 05, 2020, 06:32:11 PM
Hi, guys, I want to ask how do I avoid ICO scams...

Are there any good ICO's left? or is the market flooded with bullshit coins?


For now ICO was not good at all and it should be avoided because some people used ICO to scam some investor which is not a good idea, you must join now IEO on the top exchange and don't join on the exchange that has a fake volume or else your funds would be lose.
Did you know compound, solana and many more that have already successfully funded its ICO just in a few seconds? IEO is also a good thing but it's good when it comes to the big exchange site but when it was running by shitty scam exchange site and the IEO will also become scam IEO too.
full member
Activity: 497
Merit: 110
arcs-chain.com
July 05, 2020, 05:33:17 PM
Hi, guys, I want to ask how do I avoid ICO scams...

Are there any good ICO's left? or is the market flooded with bullshit coins?


For now ICO was not good at all and it should be avoided because some people used ICO to scam some investor which is not a good idea, you must join now IEO on the top exchange and don't join on the exchange that has a fake volume or else your funds would be lose.
full member
Activity: 1162
Merit: 168
July 05, 2020, 04:02:29 PM
There are many ways you can avoid ICO scam. You can follow up on telegram to see what people are saying about  the project, you can also check on forum to see the level of acceptability of that project, you can also check review of such project on the internet, you can so background check on each team member.
Telegram is so easy to manipulate and control now a days that you hire a marketing team whose job is to create a fake positive environment by posting good all day about the project and hence you don't know whether the hype and positiveness around the ICO is real or self created.

I agree with the other ways you mentioned that is to check the team working behind the ICO and actually verify their linkedin and other sources because a lot of scam ICOs are now using fake IDs and people just check profile and believe them but do make sure they are actually linked with the ICO or not.

Another good way is to read the whitepaper but you must have the ability to understand what is too good to be true and if the project is promising too much then just make sure they have the proper plans to back it up or they are just luring out investors into the trap.
member
Activity: 630
Merit: 10
July 05, 2020, 01:59:40 PM
I am very sad if the ICO is currently a lot of scams, because it will also affect the income at Bounty, I left the bounty for 3 months already, and joined this month because I saw HOMT, before I traded because there were a lot of bounty and scams ICO
sr. member
Activity: 2030
Merit: 323
July 05, 2020, 01:37:22 PM
It looks like he must try to see some scam projects like bankera, encryptotel, excudo and many more. So many scammers were using various tricks these days to grab money. that makes us very difficult to determine or reveal the scam projects that have already made by them all.
There should be a law for those who commit fraud on the project but this is difficult to prove and where they are so that they continue to roam will start with new projects and with new tricks to scamer what investors have done then from ICO there is nothing good after a lot of fraud happened.
Actually even though they scam they do it very smartly, I mean when you invest in token sales you are investing in the idea and the project not the value of the token and there is a clause I believe according to SEC or something like that I don't remember it clearly.
So, these scammers would almost fulfill all they promised by paying a tier-3 exchange some money and get their tokens listed and somehow carry out the roadmap they planned in a distorted manner so that you cannot file a claim against them.

People investing in token sales need to understand that there is no way they invest in a coin whose team is unknown and have no credibility behind them also don't be to the first to invest in a sale just watch how it pans out and don't let the FOMO take control over you, you will get enough chances to invest.
full member
Activity: 896
Merit: 115
July 05, 2020, 01:16:19 PM
ICO market has gone down so much. Alot of ICO project later turned out to be scam which is what led to the beginning of IEO. I will advise to go for already listed project and make enough research before investing so that you don't just become a holder. Even IEo some project are still scanning in some way but it's reduced.
full member
Activity: 742
Merit: 102
Second Live
July 05, 2020, 11:54:50 AM
Don't waste your time with ICOs, because I believe it will never be profitable for you. Do research on IEO projects at major exchanges in this market, it will be easier to succeed and help you get more profits.
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