Topic: ICOs are a legit or Scam? - page 54. (Read 32174 times)

It is a hard question, and probably the answer lies in governments. And it is always different obviously. It might be prohibited to launch ICO (for example) in the USA and at the same time is legal in Jamaica.

There are many ICO's out there.But be careful in choosing a project.We may never know if its a scam or not.It is somehow risky.But read on their thread then look out about their team and read about the project too.

It is depend on the project if the project will success they will give the benefits of the participants and the investors. but some other ico is really a scam they didn't give the benefits and the earnings of every investor and they disappear after the ico end.

There are always two faces of everything.

Bad and Good.

Yes there are scam ICO's too and as well as very good ICO's too.

This is what, where experience is required to predict which one is scam and which one is genuine.

you can do some research before you invest to keep your self away from scammers.

All the best

What you are interested in is what I have been looking for long, can only exclude the factors that led to fraud by exclusion method only.

There are some ICO's who are scam and some are of very high level.

I am in crypto world from August 2017 and learn a lot and still have to learn a lot.

Let me share few things with you which are very important.

How to find weather ICO is scam or not

There are few things which we can check to avoid scams.

1. Do check their whitepaper , if you don't have any technical knowledge then you can take help from google to comes to know about project reviews because there are many website who review about ICO's
2. Do check their Team members, try to find their social accounts and do some background about them and their past experience.
3. Check out their Roadmap, check out discussion of projects on bitcointalk,reddit,telegram and other social channels.
4. Check their partnership details. Try to contact their partners to confirm it.

As once you select that you want to participate in ICO, then keep these things in your mind.
1. No one from team member will contact you personally through telegram or other channels to contribute to you. Only ways of contribution are either through their website or that is mentioned on their website.
2. There are many fake admin profiles on telegram , they will personally message you and will give you contribution address to send ETH/BTC or whatever. Don't listen to them and ban them immediately.
3. Only trust official websites, Admin and team member.
4. you will get email from hackers , don't open them.
5. use 2fa and other securities to your accounts on exchanges.

Recently i get email from fake cryptopia exchange team that someone is trying to access my account. I click on that link and found that it was almost similar to real cryptopia link. So avoid these types of email.

If you have any question or need any help, leave your post below. I will try my best to help all of you.

I will not recommend any ICO but i will let you know that i will participate in Merculet ICO.

Kindly do your own research before you invest.

Thank you and all the best.

some icos are scam, but it is not looks like a scam so you need to be more careful.
on other hand, if you find a good legit ICO, your investment can give you multiple times of return.

There are indeed many scams in the ICO project, but there is no shortage of projects with broad prospects and development potential. This requires you to fully understand and make choices.

there are some icos that is scam, and some of them are legit, you just have to investigate to avoid being scam, just find the important information like the public profile of the team, and their partners.

I would say that most are legit. it not too difficult to spot a scam. Just do tyour research and use your common sense

Some of them, but i would advise you to look at a specific which does not have any ICO and are 100% Legit, Check out THUG Community and get free THUGS and trade them for real money, They are a very good team and have a good vision 😊

if you look at the ICO at 2017, many legit ICOs has become successful and some of their tokens/coins are well known by peoples.
but in this 2018, many ICO turned to be scam. this is so frustrating that some peoples just impersonate a successful ICO, and make
a scam ICO just because they want quick money.

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Crypto will make money in the world to determine whether the investment instruments are legal to go through the control of companies as ICO. Investigate, investigate and invest.

Some ICOs are legit some are scams. Most of them are legit. You need to study an ICO before investing meaning whitepaper, team, do they have a product, etc.
Since trading those days are very poor and volatile i turned my attention to new exchanges and ICO profit.
I've checked new exchange like bitpaction.com
They add new coins daily and they have many events during adding.
Take a look here:
https://bitpaction.com/#/events/competition

ICO is one of the best way to publish and announce their new altcoin to be circulated in the crypto market in the future so the aim would be, conduct bounty campaign for their ICO and when the ICO is popular enough then the token sale will follow.
but not all of them bumped on success because the competition of the crypto in the market today is very tough that's why some of them will be tagged as scam or fraud and every bounty hunters will experience unfortunate bounty campaigns and ICOs that were being actually a scam.
some ICOs are legitimate but some of them are real and has the potential to be the next top altcoins in the near future.

Its hard to determine that this ICOs is a legit or scam. But just like others here said you must check there white paper and also there roadmaps. Still, even if it is good it is not 100% sure that it is legit. There are some legit ICOs but because they dont get enough support from the investors they turned out to be a scam. Here in crypto world once you invest you should always think that you were taking the risks.

They can make money from newbie who does not really study the ICO before entering.
It's the government responsibility to legalize ICO so no more victims of the scams and new investors will be more confident in entering the market.

Mostly of the ICO`s are designed to earn money and there is a high possibility that it is only a scam, always read there white paper and what there road maps are and also check the team behind. with this you can prevent from being scammed.

nowadays I think that only some ICOs are really good,  legit and the others are very dangerous to invest because we can do research on any information about the all ICOs but we are not sure that 100% information is true