Topic: If an ICO team is anonymous, is it a scam? - page 19. (Read 4401 times)
Actually, showing the team member clearly will really ensure us to see who are behind the projects. It will increase the credibility and trust from the investors. Anonymous team will affect to the lack of trust from the investors to invest in the project. But, I ever participate in one ICO with anonymous team. I was very worried. But, the project was real and now it has been listed. But, I cannot determine that it will be OK for others. Just be careful.
Probably Yes. In any case, it is extremely dangerous to invest in such ICO. People who want to create a good project, they have nothing to hide. They should not hide behind anonymity.
I believe displaying info about the team doesn`t make the project a auto non-scam for several reasons.
First of all, how can you be sure that these people are real? Photoshop is still a thing, as well as fake accounts on LinkedIn.
Then, what`re gonna do after they run away with your money? Trace those people and lodge a lawsuit? See point above, nothing prevents people of the project from being fake personalities.
ICO teams are in perfectly safe position here: we can do nothing to them, the only action available is to invest or not. We`re basically entrusting them with our money with no safety-trigger.
First of all, how can you be sure that these people are real? Photoshop is still a thing, as well as fake accounts on LinkedIn.
Then, what`re gonna do after they run away with your money? Trace those people and lodge a lawsuit? See point above, nothing prevents people of the project from being fake personalities.
ICO teams are in perfectly safe position here: we can do nothing to them, the only action available is to invest or not. We`re basically entrusting them with our money with no safety-trigger.
it doesn't necessarily turn out to be a Scam. you will not be able to find out whether the new ICO will be a fraud or not.
I thnik it is not absolutely about all, but I am sure that when project is successful team will not be anonymus, everything must be transparent
It seems to me that it is not worth investing in such a project, since in most cases it is a Scam and such investments do not lead to anything good.
Not always,but than as they say more prerequisites to the different situations,the more likely that a particular project will be a Scam, so each suspicious web makes the project ostrozhnym,but I wouldn't say that it's Scam,he will, lots of projects who spoke beautiful words and evolved turned out to be a Scam
Never compare Satoshi with scam ICOs! There are still many projects and coins with anonymous team but only ones who dont ask your money in advance (ICO) could be legit ones! And even if they dont ask for money in ICO, there is good chance that it's a scam nevertheless!
If an ICO team is anonymous then I start asking myself different questions. I prefer investing in something I know well. I like to know the team before I make any investments
There is no doubt about it. If the ICO team does not even want to introduce themselves, but only to receive money, this is certainly a scam. In this case, it seems, they are even too lazy to search and insert other people's data and photographs of specialists in this field, they decided to remain completely anonymous, so that it was harder to find them. What will investors do if they are deceived? They generally sent their millions of dollars to no one.
Each project should be clean and team information, and everything else should be available to the investor. That's all the rule ...
Not always, because some of ICOs are just made for fun and in other cases it is a requirement, for instance privacy coin shouldn't disclose their founders identities
like a bounty hunter who doesn't like KYC. they do not want their identities to be known by others so that does not mean that if the team is anonymous then the project is fraud. but indeed if the characteristics of a good ICO are one of them is having a clear team because if they only cheat they will damage their identity. When deciphering between legit and scam ICO's, one of the main things everyone says is "you have a look at the team and see if they're transparent."
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
if an ico does not want to reveal any identity, it is not a basis that it is already a scam but, they does not want to hold accountable when things go wrong. So i would say, stay away from those kind of ICO.
it's better not to take part in the ICO, whose team is anonymous because it will be dangerous for us to invest in that project, in investing we must choose the safe and secure, do not take risks to things that are not clear.
this is different from satoshi nakamoto
this is different from satoshi nakamoto
If an ICO team is anonymous, then it is with a very high probability a scam. Most successful coins, the team of which remains anonymous, do not conduct any ico and provide s the finished product.
Not always, because some of ICOs are just made for fun and in other cases it is a requirement, for instance privacy coin shouldn't disclose their founders identities
Take a look at the bitcoin white project, I also agree we can't make sure the project is a scam or not if you haven't seen the progress, it's quite risky to invest in an ico like this, but it's the same as other ico scams that put a team visible but end up fraud
But at least we know who we are working with, knowing they have enough experience to bring the project to success. That makes us more secure when investing. Better than unknow anything, not knowing that our money is in whose pocket.
99.9% it's a scam ICO project 
. At this time, it's really difficult for an ICO to success although they have great team so do you think it's possible for an ICO which has anonymous team? LOL. I can't ensure that it's a scam but you should stay away from ICO projects like that.
. At this time, it's really difficult for an ICO to success although they have great team so do you think it's possible for an ICO which has anonymous team? LOL. I can't ensure that it's a scam but you should stay away from ICO projects like that.
In the past ICO team used to remain anonymous and they will build their project, those days, they were been driven by the passion for the project, but since the ICO space gained popularity and more people begin to join, scam entered into the space, so at the moment always avoid project that doesn't show their team members.
an anonymous ico team is a red flag for me. i would not trust or even invest in such an ico. the chance that an anonymous team disappears is greater than that of a public team.
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