Most ICOs are scams these days. How do you find a good project??

Rules85

member

Activity: 182

Merit: 10

Quote from: chathu21 on December 20, 2017, 03:42:38 PM

Most ICOs are scams these days. How do you distinguish a promising project from a scam? Also, what should you expect once you send ETH/BTC? Do you get tokens right away? Huh

After sending ETH or BTC, you need to wait for a period of time to get the token, you need to pay attention to the heat of the project.

johnyespapa

member

Activity: 257

Merit: 11

Thru re-searching hard,no investors would achieve success by not doing re-search first.Check the ICO's background,developers and projects.

BitcoinTurk

hero member

Activity: 1694

Merit: 629

First i check their whitepaper and also their investors. If i'm not sure to invest here than i Google it or find Bitcointalk Topic to get an ideas for this project. After i done these steps, i will choose my choise and i invest on some ICO's.

cryptowomba

full member

Activity: 234

Merit: 100

I wouldn't state that most ICO's are scams.

I think people still need to realise that they are startups behind them, and just because it goes wrong doesn't mean that it is a scam. Sure there are some bad projects out there but the only way to get over that is heavy amounts of research and asking questions.

You have this forum where you can ask any question directly to the team of the ICO, people need to do this more.

ShareAccepted

member

Activity: 336

Merit: 11

Victorieum Digital Wallet Revolution

One of the problems is that sometimes even good teams make poor decisions. It is really a question on looking carefully the advisers names and pasts campaigns to see if it is likely to end up the wrong way.

cryptoadmire

full member

Activity: 160

Merit: 100

I don't think most ICO's are scams, just there are so many now it is harder to find a good one.

Just research, learn what should be in an ICO and if something is missing or seems too good walk away.

You should receive your tokens pretty much instantly as well or at the most 1 hour.

nastaverba

jr. member

Activity: 112

Merit: 2

I think the main thing to check is an existing working prototype. Because most ICOs offer amazing ideas that aren't baked by anything exept from a well-written whitepaper

coindimitron

newbie

Activity: 53

Merit: 0

To be honest, as anything in this world, which has high rate of ROI, there will always be scams. Nevertheless, not all of them are - do your research cautiously and read a lot - this is how you avoid scam and increase the possibility of becoming wealthy in no time. For example, you might wanna check Cointed - a well established company, which proves people otherwise with its efficient usage of ICOs. As stated above, it really depends how deep you go when researching something.

EvaGC

member

Activity: 476

Merit: 11

I recommend you read this article, it really explains everything about investing:

https://cryptodaily.co.uk/2017/12/the-6-golden-rules-for-investing-in-cryptocurrency/

X2PR8888

member

Activity: 126

Merit: 10

Most of the popular and successful altcoins we have now once started as ICOs and because of this, it's unfair to credit most ICOs as scam right away because 1, it is just starting and building up its potential and value by attracting the right amount of investors and making sure that their product is as good as they are claiming it to be; leap of faith in other words. Another reason is and I agree with what has been mentioned here, it does not necessarily follow that if an ICO failed, it was a scam to begin with. I think ICOs, as long as it is based on the pillars of a good team and community where it is being offered, will prove to be successful. It may be a slow start for some but surely, it will take off in time too like the successful coins we have now.

seanavery11

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Activity: 280

Merit: 10

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If you have a friend who are into this industry better ask them so that you will know more and you will not be scammed, have a cooperation with your friends but the best way is to real all kinds of stuffs and info in this site so that you will not be scammed

macchiato

full member

Activity: 420

Merit: 103

There are two ways of knowing which ICO is good. First is by checking who manages it. There are certain campaign managers that are known for successful projects. Next is by reading their whitepaper.

Snorren

member

Activity: 94

Merit: 10

Buying at ICO:

50% chance price drops after a week.
High scam risk
Best "moon shot"
Possible long payoff period, a couple of months of developing is needed.

Buying 2-5 months after ICO, low cap tokens :

Easy to see what's scam and what's not
Price has stabilized
Esier to see how the team as performing compared to white paper
Less moonshot, but still good at <50 mill caps
Shorter payoff period, you can buy when they're closer to launch date

1/20 buys I do is ICO. Better to try to find already functioning project instead.

fortunecrypto

legendary

Activity: 2450

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Quote from: chathu21 on December 20, 2017, 03:42:38 PM

Most ICOs are scams these days. How do you distinguish a promising project from a scam? Also, what should you expect once you send ETH/BTC? Do you get tokens right away? Huh

Expertise plays a crucial factor in finding if the ico is indeed legit, check out the team composition, see if they are real people and experts in their fields, chat boards also plays major role if you cannot talk to this people and they cannot answer your queries then you are free to leave their channel

ListICO

newbie

Activity: 53

Merit: 0

I would suggest to use www.listico.io Upcoming ICO listing website.

You can find:
- Upcoming ICO list
- Ongoing ICO list
Complete ICO list with YouTube Reviews

Eddyc

sr. member

Activity: 1020

Merit: 391

Quote from: chathu21 on December 20, 2017, 03:42:38 PM

Most ICOs are scams these days. How do you distinguish a promising project from a scam? Also, what should you expect once you send ETH/BTC? Do you get tokens right away? Huh

I seek the level of the team, integrity, the willpower to publicize your project, study the script and the benefit of the currency, I try to observe, way of disclosure, when there are many suspicious promises, we should be wary.

drunkbillmurray

jr. member

Activity: 54

Merit: 10

Common sense most likely. If they promise something you believe cannot be accomplished then don't invest there. Also the team, most serious projects will have stablished leaders with public profiles ready to be seen on LinkedIn or similar. You just have to keep your eyes open.

cryptohunter

legendary

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

forget new icos

find real projects that already exist and are grossly under valued.

SeveralQ

member

Activity: 182

Merit: 11

I like to look at the team first. Thats usually my main advice. make sure they are also working fulltime on the project and have it linked in on their pages. Sometimes I like to run their whitepapers through a plagiarism detector. You would be surprised at the things I find with that.

(SELF PLUG INCOMING)

at https://concourseq.io/, all of our ICO research and reviewing is community sourced. This means that there is a community opinion on each one of our completed reviews. A great way to get involved in developing your due diligence and getting investment advice is to check out our discord group: https://discord.gg/j8RBAwB

ShareAccepted

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Activity: 336

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Victorieum Digital Wallet Revolution

Quote from: chathu21 on December 20, 2017, 03:42:38 PM

Most ICOs are scams these days. How do you distinguish a promising project from a scam? Also, what should you expect once you send ETH/BTC? Do you get tokens right away? Huh

Each ICO is different, some of them give tokens straight away, others have a fixed date and sometimes they are locked until a certain date.

Topic: Most ICOs are scams these days. How do you find a good project?? (Read 252 times)