ICOs are a legit or Scam? - page 12.

ereborltc

hero member

Activity: 966

Merit: 500

Quote from: bilman on September 25, 2017, 08:14:01 PM

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

The purpose of the ICO is to allow the project to have sufficient funds to develop. When you participate in the ICO project, you have to conduct an in-depth study of the development path of the project until you have no problem.
You can look at the RIPA project.

S[m]OKE

member

Activity: 252

Merit: 10

Yes, now every second project is fraud, if not more and more it will be even more difficult to choose a worthwhile project

anatolij.shishkin

copper member

Activity: 995

Merit: 1

I'll give a simple example on projects.

I try to choose projects with real value for people. Purses and other projects are not of interest.

Do we all know the platform of Steemit? (blog with payment for work)

So now there is an analogue of Foresting - a social network in the likeness of Facebook and Inst. They are also going to lead that people who use the social network receive money for their likes.

You need to choose those projects in which white papers have a benefit for society.

daviidalpert

sr. member

Activity: 448

Merit: 250

Be careful when you invest in ico.Because the vast majority are scams.You need to study this project carefully before you plan to participate.Otherwise you will lose your btc.

audyearls

jr. member

Activity: 215

Merit: 1

indeed, investing or participating in a bounty from an ico is still legit or profitable, it's just that I choose legit, now it's quite difficult because there are so many ico who are scam, but that doesn't mean that all ico is now a scam, just need to be careful and careful choose an ico.

Screamshot

jr. member

Activity: 140

Merit: 2

FUTURE OF SECURITY TOKENS

Well it so hard to predict the intentions of a person so it not easy to know a scam project or a great project from the onset. Well it always good to observe a project for while and check the teams credibility behind the project also check the white paper as well

pakupayung

member

Activity: 437

Merit: 12

You need to review that ico, here are the important factors you need to see before you join the project:
1. Team / People behind the project
2. Idea and Project itself
3. Their Social Media Existence
4. Use of Tokens They Sell
5. Market Cap Altcoin (or ICO Cap for ICO Stage) along with the Price and Number of Tokens / Coins Circulating
6. Trading volume
7. Exchange that sells coins / tokens
8. Community Support and Developers
9. Product Release Stage: Pilot / MVP / Alpha / Beta / Public Launch
If you ask for a recommendation to invest and you are ready to take risks, you can choose the ICO Rays Network(https://rays.network), which might make you become a millionaire, but Remember to always do your own research and not just hear from word of mouth ... !!

Ravenangel

member

Activity: 448

Merit: 10

As any investment in this market, can be both, there are many ICOs that are legitimate and many others that appear to be, in the end you may not know for sure until you get the tokens that correspond to you at the end of the bounty or investment, the best thing is to try to minimize the risk of you getting conned, and hope the best happens.

Maymuna

jr. member

Activity: 210

Merit: 1

I think there's a mix of each sensible and a few dangerous ICOs and a few that square measure scams. it's identical in any scheme. the simplest factor is to simply do some analysis associated take some time before finance into an ICO.

leslie4u

full member

Activity: 868

Merit: 100

Well to be honest with you 9-% of the ICO's are scam, 5% die off in due course due to management issues and only 5% are actually able to survive and deliver as promised. So I think one needs to be very careful with ICO's. There was a time when people jumped in these new projects due to the sales hyper that was created by these project owners but now a period of time atleast the people who's been around for a while know for sure that ICO's are something that needs indepth screening before investing you hard earned funds. Some have even vowed that they will never invest in ICO's ever.

Sure be careful with these ICO's and protect you hard earned money.

Omegasun

hero member

Activity: 742

Merit: 500

Quote from: tomboi on September 21, 2018, 12:41:12 PM

The ICO is valid and also a scam, both are in crypto. The decline in market prices makes the scale of the ICO scam to increase. It is not about the intentions of those who deliberately make a scam, but because of their failure to achieve the targeted goals. To be able to avoid a scam ICO, you can at least choose an ICO whose sales have reached softcap.

Choosing at this time gets harder and harder, even we get to study it one by one and assured what we think we needed to, some projects now were too good to be true, but there are still many legit ICO we just need to find it and help it get successful.

tomboi

sr. member

Activity: 728

Merit: 250

The ICO is valid and also a scam, both are in crypto. The decline in market prices makes the scale of the ICO scam to increase. It is not about the intentions of those who deliberately make a scam, but because of their failure to achieve the targeted goals. To be able to avoid a scam ICO, you can at least choose an ICO whose sales have reached softcap.

Mystogan915

member

Activity: 320

Merit: 10

Quote from: bilman on September 25, 2017, 08:14:01 PM

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

There some legit, and some are scam ICO's. I think 70% are scam and 30% are legit this past months. Many ICO now gets failed to collect their funds, also the plaltform of the ICO is not so good that's why the ICO gets failed. Meaning it will be a scam project. I experienced a lot of project now that is scam. Better now to be wise on choosing ICO's

777Jolami

member

Activity: 700

Merit: 14

Indeed. I just saw a few ico is legal at this point. a few drops of airdrop. and the rest are complex, fake and scam ideas. In this sensitive situation, it is better to spend more time studying ico if you still expect a reversal trend at the end of the year.

pluMmet

sr. member

Activity: 588

Merit: 251

Still depend on the ICO. Many ICOs are already introduced these days but many of them are scam and now, almost few ICOs are legit. For you to prevent scam, have a research first regarding the ICO you are planning to participate with.

ifightformerkel

legendary

Activity: 1386

Merit: 1000

Instead of investing in ICO, it is better to buy tokens of projects that you are interested in on the exchange, so you can immediately weed out some of the scams and also will not buy these tokens on the ICO at an inflated price.

No Pain No blood

member

Activity: 658

Merit: 13

In my opinion, the ICO is no longer profitable, but that does not mean that the ICO is a SCAM Investment. if you really want to invest in an ICO project as well. research and study the project again, until you understand what the benefits and risks are if you invest there.

eup

jr. member

Activity: 105

Merit: 5

The current ICO is unregulated. Not legal but not fraud. But this has something to do with the project side. If it is a fraud team then its purpose is clear. I think ICO needs to wait until the government regulates, so the cryptocurrency will develop better.

TristanFarley

newbie

Activity: 34

Merit: 0

Quote from: neuronchain on September 20, 2018, 02:09:49 AM

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Not many wallets does support fiat money. I'm wondering how many currencies will be supported perhaps?

Dolarin

full member

Activity: 294

Merit: 100

Most ico's are scams unfortunately. But among ico projects sometimes there are good ones.

Topic: ICOs are a legit or Scam? - page 12. (Read 32214 times)