Topic: If an ICO team is anonymous, is it a scam? - page 9. (Read 4414 times)
At times like this anonymous team is not a good sign of a legit ICO and it has been proven already in the past. As you can see there is a lot of pros and cons of this but people chose to have a transparency over the team and not with the anonymous ones. It is due to the fact that most ICOs are well-known for scamming investors in the past up until now some of them are in it too.
I think such a ICO project is a scam. Ethereum Limited recently did a similar thing. They did a bounty with an anonymous team charade and disappear without even launching the coin. Maybe they have swindled investors of their hard earned money.
Well sometimes it sounds suspicious but it does not entirely also prove that an ICO is scam or not. Most masternode projects that are doing great in the cryptospace have their team being anonymous. Crypto is all about anonymity and decentralization and some project managers might want to keep it that way so that should not be used to a basis for regarding an ICO as scam.
If their project already could be used before they even start an ICO then I think you could trust them,
The only problem is they are anonymous and they could also manipulate the market if it is only in a decentralized exchange.
The only problem is they are anonymous and they could also manipulate the market if it is only in a decentralized exchange.
This would definitely be a red flag for me.
Even when the ICO team is listed, it doesn't guarantee a project is legit. You should always be vigilant and do some extra research before committing.
Even when the ICO team is listed, it doesn't guarantee a project is legit. You should always be vigilant and do some extra research before committing.
Team members and developers should be on their list or on the website.
People need to look for something which they can hold and trust.
If the team will go anonymous then where is the trust in both parties?
Most anonymous projects went to junk and the team ran with the funds.
People need to look for something which they can hold and trust.
If the team will go anonymous then where is the trust in both parties?
Most anonymous projects went to junk and the team ran with the funds.
Yes that's a big sign for a scam . just move away and find a highly rated ico instead
I can recommend to skip ICO with the anonymous team because you can loose your invested money. Don't risk your money if you're not sure about the project. Satoshi didn't raise money!
I absolutely agree with you! why we have to waste our time and money just for anonymous ICO that we aren't sure about. you might lose out or even nothing. we had better to avoid this case to safe ourselves. ICO with concrete team doesn't determine that the project is whether scam or not, moreover ICO with anonymous. so we have to be careful to choose ICO in this present time.
There is a high posibility that those ICO with anonymois team is a scam. But i think not all are scam. And its really hard to trust those projects.
Yes, it is quite possible that it turns to scams because they are just only depended in market if it has a good fluctuation then it will goes to a positive result as well. Bur now that it always encountered hype a big possibility for that. 
If an ICO team is anonymous, is it a scam?
Yes!
ICO is crowdfunding founds for a project. If you cant identify team then you can hold anyone to deliver project. ICOs are a securities and not a cryptocoins.
Developers of cryptocoins can be anonymous since anyone can fork their project away since is open source. And that often happens.
There is a high posibility that those ICO with anonymois team is a scam. But i think not all are scam. And its really hard to trust those projects.
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?
I think it's not safe to invest in a project where the team is anonymous
Not all projects with anonymous team members are always scam. Some bad guys capatilize on this to rip off investors. I recommend doing enough research and letting your intuition guide you with such projects. After all those with explicit team members sometimes turn out to be scam in the later.
There is a huge chance that it is a scam,
The question is would you invest in their project?
Would you trust them with your money?
The question is would you invest in their project?
Would you trust them with your money?
If the development team wants to remain anonymous, they should at least have a beautiful white paper and be active on github. If this is not, then we can assume that the project is a scam.
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I would love to connect with your professional network. I hope you are fine.
I'm Ivan, content-manager of TOPExperts.io. It's the first transparent rating of experts and projects in the ICO/STO market.
I look forward to your feedback about our website. So we can make TOPExperts ratings more convenient and understandable.
Your opinion is very important to us. Thanks
This position of the team is alarming. The first thing I think about is that we have something to hide and do not need extra responsibility
at a minimum, you can open the faces of the founder or founders of the project, not the whole team
or enlist the support of a famous project or person
It seems to me that if there are any omissions from the company's ico team, it should in any case alarm all potential investors. It seems to me that if there are any omissions from the company's ico team, it should in any case alarm all potential investors. at a minimum, you can open the faces of the founder or founders of the project, not the whole team
or enlist the support of a famous project or person
Of course, the team should be visible - this is the face of the project.
A project that has an anonymous team does not mean they are a scam. But we also have to be careful about that. Everything must be open and the team must be experienced so that many people know about it. You also have to do research, but if you are not sure you do not have to invest in the project.
anonymous team doesn't necessarily mean that a project is scam, it is a normal desire to stay anonymous for crypto, for example Satoshi. But in other way it is hard for investors to determine if they can trust this project.
But satoshi never asked for investment. They just released the code. So many people now are asking to fund their development anonymously, no code.
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