Topic: SCAM ICOs (Read 270 times)
It'd be funny if there were scam ICOs where after raising a lot of money the founders decide to turn it into a real company and it actually becomes a successful one too.
It'd make a great Disney movie.
It'd make a great Disney movie.
I need advice from those that has been participating in ICO for long , how do i know than an ICO is a scame early enough
what are the signs.
what are the signs.
Most of the scam ICO that are making their way into the market or trying get more investors have airdrops, im not against airdrops but most of them from what i see during the past years, airdrop + ICO = scam.
Look carefully into the project and try to find out everything from developers to its staffs if anything caught your eye that is fishy or something shady then back off.
Trust your intuition when choosing the right ICO for you to invest, dont trust anyone saying that its a good coin to invest with, its your money so at the end it will be your loss.
There are many things to look out for. Mostly fail at simple things, So just use your common sense.
Red flags: no way of contacting the team, no explanation of the project, no deadline, people saying they were scammed already providing proof, weird name, spelling mistakes on official website etc. Everything that seems not right is a red flag. Do some reaserch before investing in anything.
Red flags: no way of contacting the team, no explanation of the project, no deadline, people saying they were scammed already providing proof, weird name, spelling mistakes on official website etc. Everything that seems not right is a red flag. Do some reaserch before investing in anything.
I have also entered the signature campaign before UAHPAY. They invest in beautiful amounts but they are lost afterwards.
I need advice from those that has been participating in ICO for long , how do i know than an ICO is a scame early enough
what are the signs.
thanks
I suggest check on their whitepaper, take time to read about their platform as well as the team developer. If you find that what they offer is too good to be true well that's the time for you to have doubts about the project. Although usually scam ICO is difficult to recognize at fist just until they disappear on the forum and leave their participants unpaid. I think researching will be thate best way to do. Just as I said "take time to read" and analize what is written on their platform. what are the signs.
thanks
I need advice from those that has been participating in ICO for long , how do i know than an ICO is a scame early enough
what are the signs.
thanks
I think theirs a scam that evwn though the project looks like interesting so its good to read the white paper and get research fo it to avoid scam. what are the signs.
thanks
I can not say for sure if ICO is a scam or not, what I do if I want to follow ICO is I monitor the team from ICO and the project objectives that I see make sense or not, and there are some ICO scam because It gives a very big discount so it can lead to fraud and only experience that I know to monitor ICO's SCAM or not.
I was very skeptical in terms of ICOs, before I put money on it, I verify that at least I made some effort to ask, research , request opinion for crypto groups, and decides overall, after all the crypto community like this had a very wide or variety of advice regarding what you will be choosing to, but in the end it is your decision, so be responsible for your own action, This is what makes the crypto exciting either you could triple or double or you could lose it all, you choice. beside PINCOIN is a good pick 
I can give you few main red flags you should keep an eye on.
1)Board Members (must have part of any ICO, not only CEO and COO, full board of developers, advisers with LinkedIn links)
2)White Paper (read few WP of successful projects to feel the difference between quality and shitty projects)
3)A way to contact a team (if there's nothing to hide people are always open to conversation)
4)And finally, just do your own research, there is only one person who risks your founds, it's you.
And my personal advice, just invest in alts. That's a more stable way to get profits.
1)Board Members (must have part of any ICO, not only CEO and COO, full board of developers, advisers with LinkedIn links)
2)White Paper (read few WP of successful projects to feel the difference between quality and shitty projects)
3)A way to contact a team (if there's nothing to hide people are always open to conversation)
4)And finally, just do your own research, there is only one person who risks your founds, it's you.
And my personal advice, just invest in alts. That's a more stable way to get profits.
I need advice from those that has been participating in ICO for long , how do i know than an ICO is a scame early enough
what are the signs.
thanks
what are the signs.
thanks
If the project has an anonymous team, then there is a huge risk of getting scammed and I try to avoid such projects. You also need to see if the team has experience in such a field and how promising the idea will be.
A good idea here is to fold the ICO which turned out to be benches. But it is unlikely that something will come out of it because very few people take it seriously, what is written here and to what in order for the project to become a scaffold, very good reasons are needed
I need advice from those that has been participating in ICO for long , how do i know than an ICO is a scame early enough
what are the signs.
thanks
If the whitepaper is good to be true,you can check the legitimacy of developers previous works to be sure. what are the signs.
thanks
If the whole team is constantly exposing themselves to the public trying to promote and work on their project, then It's pretty much enough for me to trust the project. Though this will still not ensure that the ICO will be a success. And even if it did, most new coins are useless anyway.
unfortunately even successful ICO can turn bad in no time. all you can do is to keep an eye on it 24/7 (rule #1)and catch the dump. or use notifications if ICO is on one of the sites you can pull meta from. it takes a lot of experience to spot a fraud, observe and study is good with small investments. and of course, you can make good cash with scam ICOs - just follow rule #1
Nothing could be better than making a research in the internet and reading the project's white paper. Just look thru different forums, maybe someone already had any experience with the same project. You should also read thru the whitepaper carefully and check all information. For example some scsam ICOs placed pictures of fake team members and advisors so on the early stages it is important to check linkedin profiles for some references to this project.
Just try to dig everything what seems suspicious and discuss it with the community.
Just try to dig everything what seems suspicious and discuss it with the community.
First of all is check each team member, if their linkedin account are real. If they are active in social accounts and if they promote their project everywhere. Also check how many people are in their telegramm and how supporting the team is. Read and watch reviews and ICO ratings. Good ICO usually has a huge hype.
i have participated in some ICO and i can swear the where real until the disapeared, its realy hard identifying them u know?
If coin is heavily promoted through fanbois being paid from bounty programme with nothing detailed about the project, its probably at the scammy end. It may still do well price wise, but doubtful there will be a meaningful long term delivery of product and service.
I need advice from those that has been participating in ICO for long , how do i know than an ICO is a scame early enough
what are the signs.
thanks
what are the signs.
thanks
Scam ICO's are really hard to identify whether it is a scam or a real. Better to have a research first about the projects and the developers behind that project before invest your money to them. Some projects don't have their clear informations like background of the developers and purpose of that coin to industry and community.
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