Topic: SCAM ICOs, how to spot it? (Read 326 times)

ok but i tell you

a 20 teammember smiling marketing team with an unsustainable product like electroneum isnt going to work, despite good marketing and smiling

my product is sustainable but i dont have a team of 20 smiling marketing managers,

nor would i want them to smile

regards

I'd disagree... if the project is paying a lot of money for celeb endorsement, then chances are it's a genuine project. Stox for example had Floyd Mayweather and a big-name footballer promoting them, and I'm sure that one is not a scam.

Celeb promoting it??? Big chances it's a scam

I think it is not difficult to know if an ico is a scam.. and by the way, there will be even less scam, cause the developers would earn much more for develop a coin instead run away with some thousands dollars..

Agree. But I think some rules can be found that allow to indicate fails ICOs.

Thanks for advise Sir. I appreciate it so much. I have more to learn. Words coming from persons with knowledge in investments is one good thing to ponder and remember.

it's really a lot of ico that popping up the end of this, but very much a scam and also a lot of that have prices in the market away from the price at the time of ico. so we must think and examine carefully to choose which ico will give us the profits.

Yes you're right. I checked it and company is good. With too many projects in line and you can really see the team in action. This is one great ICO to invest really.

https://bitcointalksearch.org/topic/bountyico-2000eth-pundi-x-any-store-can-buy-sell-and-accept-crypto-2216833

jep people are trained in this,

maybe the best way would it be to have the project developer as your friend and accompany his project

this is called transparancy,

trumps family became rich this way because they went to the new us governmernt befriendet them and then build worker baracks for immigrants from europe so their workforce could have been harnessed for the US future development, (that was trumps vater)

in germany we have a similar guy his name is (trumpf) and he basically got ownership over a bank and now he basically abuses people that work for money to develop and build himself productive value generating sources like a 3D printer factory,

i think this is exactly the problem that is why i created c-pro, so people and workers can get systematically into the taste of two dimensional values, their creation and their upheld.

regards

I think there no ways to find a scam ico.They now have many experience to make their ico look legit

its not that easy to spot a scam or non scam ICO,

even if you have a perfect looking young team, it still cain fail, because the team is not determined is greedy and etc.

the current bankers have basically failed so terribly spoting the worthy companies from unworthy ones, that they lost all trust form their population. which was their kapital

it is actually doomed to sooner or later always happen like that.

there are thausends maybe even then or hundred thausands of so called prinicipal agent information asymetry problems that explain you ways to do that, you dont need a new game theory science,

it existed already before, just google principle agent dilema

much better would it be if you are a person that knows what the project is and how it can be realised and what problems exist.

banks nowadays spendin extreme amounts on so called "consultants" because they have no idea what the projects are about, the bankers are to focused to applying parliament regulation.

this way the entire financial system got broken and unefficient, it gave rise to the current unregulated cryptoeconomics in the first place.

the banksters are now lending money to each other to be able to fund consultants and so they further destroy economic substances.

I in turn have a different problem with my ico i have to figure out how i can prove that i can do my work right and am not a scammer,

if you can tell me that, it would help me a lot

regards

Scams are usually spotted by the hyped messages or ads in the community. In some cases, you will find a website but you will notice that vital information such roadmaps or future plans and even the whitepaper is missing or incomplete. The Team would probably consist of random people and their profiles wont match or wont exists.
But thankfully, Forums such as Bitcoin Forum normally warn us that ICO's are scams and the work of a fraudster!
A suggestion would be that you do good research before investing in ANY ICO's.

If you find Pundi then its not a scam as per your believed. But to spot a ICO turning a scam? Its gonna be hard in the beginning. Because some of them are really not scam initially, but turn out to be because of the huge amounts of money investment. Good for you if you are a risk taker because most of us down want to take risk because we don't want to lose our money and being scam. But to be honest, I think you got yourself in a good ICO though. Hope for your success.

I think it is very difficult to detect scam ICOs because they are more and more developed and easy to deceive big investors. For me we should look for ICO projects that have more productive work because those projects are always trying to grow to apply to life.

Look for undervalued old projects with real use cases and proven cryptographers/conceptual designers and coders. These will complete before most dream icos with the fantasy white papers and no man power to bring them to fruition. The people running these will burn through their dev funds with their huge wages long before 1/10th of their road map is completed. There will be a few exceptions but that is like picking the winning lottery ticket most of these icos are failed start ups who spotted the crypto fomo and realised some people here have some btc they can get a hold of.

Failing this hold your btc and just make sure to keep holding until 50k+

It's not simpleto detect SCAM ico but it can be some signals.
The dev talks and writes only about the funding and not about the project.
The dev talks a lot about the exchanges where the coin will be listed. this is very important because strong project doesn't care in the intial stage of Exchange.

You need to investigate, scams are usually easy to spot and will be called out.
For me the biggest ico scam is what REQ did with their ico investors, filling their presale with pools of dumpers with discounts from 20 to 25%, clearly not thinking of their biggest contributors, the main sale participants.

I really just try to spot anything that is out of the ordinary, it's so simple but one thing that has helped me to spot a lot of scams is their figures not adding up for how much they've currently raised, it says say 10 BTC but a figure of $150k for example.

currently, ICO is widely used by people as a way to get free money. you have to be smart in choosing a project and what they want to make it through an ICO, I'm not sure if they really adopted the project properly in the future. in fact, many projects are scam

You're funny.   I didn't know ICO scare you that much. lol. But anyways we work hard for our money and giving it to SCAM ICO hurts our pockets