Topic: ICOs are a legit or Scam? - page 78. (Read 32195 times)

There are lots of ICOs on the market. You may recognize 3 main categories of ICOs projects:

- ICOs that are actually real scams, which never release coins or tokens. They also never pay bounty hunters. Thus what they basically do is to take money from investors and then disappear. They are real thieves, in other words.
- ICOs that release coins and tokens, but with a low-level, often silly and ridicolous project. In other words, it is not worth to invest in such projects because they never made investors rich. Such project often never release even a MVP.
- ICOs that are worth to invest in because they have a good project, clear roadmap, skilled team and an already working MVP.

Knowing which is the legit and profitable ICO to invest your money in is not always easy. You need to study and inform yourself in detail.

Like any investment - ICO's are risky,and need research,thats all.
The deeper research you make, more safe will be your investments

The current spam rate by icos is very high! The nature of icos to crowed fund crypto projects got abused big time. IMHO trading did his part to this situation. People actually do not care much if scam or not if they can make a profit via trading scam...

Make consirations on the project idea, doe it have a chance to succeed and to stood in the future for more developments,  weighs the possibilities base on your understanding.

I think ico there is a scam and some can be trusted, I think it's all from your care to choose an ico project,
reading whitepaper is also very important

some might real some might undercover agent of scammer. it hard to tell which one is not and fakes. at some country icos are illegal and some ok with it. Base on peoples judges this icos thing are legal if peoples not scam peoples.

Based on my experience. We just see the ICO TEAM arrangement, there must be some experienced people who have been successful on ICO before. see also the bounty manager, everywhere the ICO is successful under his rule.

90% of the icos are legit but there are some icos are scams maybe they didnt get the quota, every icos has token sell. in my expirience are all scam im so disapointed, but my icos now are all legit i think.

ICO's can either be a legit or scam.
And all of decision making would fall into the investor.
That is why it is a must to research first on to what coin are you going to invest you're hard earned money.
.
As for the advise on which ICO coin would be good to invest with.
I can say that choose the coins that has a long track record.
And preferably in the top 10 of coinmarketcap.

very interesting, actually there is an increasing trend of ICO "rating" sites coming up.
I thought Smith and Crown is not a bad place to check out ICO.

Hey everyone,

I’m the community manager for Pally and just wanted to invite you to join the discussion on our bitcointalk thread and telegram group. We’re a decentralised social travel platform, have existed since early 2016, have live products out and got successfully through our pre-sale in 11 minutes in August. Hope to speak to some of you. Our ICO starts Oct 15th 2017

https://bitcointalksearch.org/topic/ann-decentralised-social-travel-2100229
https://t.me/icopally
www.pally.co


You can also try out a BETA version of the app
https://itunes.apple.com/us/app/pally-the-app-for-friendly-internationals/id1206993633?mt=8


Kind Regards,
Tanya
Community Manager

ico is legit for investing. but there is a lot ico where are a scam. so be aware everytime investing in ico. keep watching the project and follow all the news.

You can easily eliminate 95% of the ICOs with 2 simple filters:

1)  HAS THE PROJECT BUILT ANYTHING THAT YOU CAN USE TODAY? If no, move on. EVERYTHING ELSE IS USELESS:  Team, references, roadmap, video, fancy animations, escrow, blogs, Slack, Telegram, Twitter, Facebook and white paper.

Many projects have these and they cannot prove that they can build anything. Writing software needs much more skill, work and time than anything else in their project. Several projects had great profiles, raised multiple millions and still haven't delivered any software.

EOS raised $230 million and said that they were going to release something by end of summer.  Nothing yet. With $230 million, EOS should have solved world hunger by now.

Gnosis raised $12.5 million and their website says that they are releasing their game by first half of 2017. Nothing yet.

Qtum raised $15.6 million. I don't see anything produced on Qtum's website.

After raising $50 million, Cosmos's website is still pitching its white paper. Come on. What have they produced with that $50 million?

MobileGo raised $53 million. Here's the roadmap from their white paper:


However, I don't see any of that on their website. They're mainly bragging about how their token is on exchanges. What are they doing? Day-trading their own token?

2)  IS THE TEAM FROM A CORRUPT COUNTRY? If yes, move on. In corrupt countries, ethics and honesty are more lax, which means that they will have a higher tendency to exaggerate or lie.

https://www.transparency.org/news/feature/corruption_perceptions_index_2016

There are ICOs coming from countries that sent out thousands of phishing scams in past years.  Why would you take the risk of investing in ICOs from those countries?

Some are scam. That means that there is nothing really planed. just make an ICO collect money and party on.
Many are designated to fail. Their idea will never bring any profit. Or will bring profit to pay little and will just spend all gathered money in ICO and when gone will just end. They dont even need to go bankrupt. LOL
Few ICOs will struggle and fight and their tokens will have about same value as ICO investors payed. They will constantly have problems with governments since they made a shortcut when they crowdfunded their project.
Then there will be few project that have so good idea that would work no matter how they would collect money to make it. They will also have problems with governments, but lots of profit and easily pay "tax offence".

then before buying ico it will be required to see the existing team on their ico project, make sure that they have a competent team in the field of ideas offered by them, and also the most important that the team is trusted, there are many who need to check before choose ico so you will be spared from ico scam

Thanks for sharing your thoughts. Though ICOs are illegal in some countries and are not also tolerated in other countries, there are these certain ICOs that are true to its supporting community. And are really performing what they have promised to do in their roadmap and whitepaper. Let's all just be diligent not to invest in what we believe are scam ICOs.

depending on ico it, I think ico legit enough to invest long jaka, but if not the heart "instead you will follow ico the scam and it is not very good

If you want to invest in ICOs that are more on being legit then observe their project, if their project is a great one and if their team was a solid team then you can easily tell that they are legit and do not trust the ICO that doesn't have experiences on their field because it is more prone for being scam.

You can't really be 100% sure that one or another ICO is legitimate, it's always a risk to invest into. It's natural that any potentially legit ICO project should have a whitepaper, a team and a sort of community around it, but even if you carry out due diligence and become much more confident about its legitimacy, the ICO project may turn out to be a scam.