So many new ICO, how to check if it's scam? - page 16.

AIRDROPSQUAD

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Activity: 252

Merit: 11

PLAYHALL - SKILL GAMING PLATFORM

Quote from: moonswamp on September 11, 2017, 04:55:26 PM

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

It's getting difficult these days, even otho network which is have a good website become scam right now.
I think we can't accurately detect scam ico. We only can only trust our instinct based on experience.

metalssina

member

Activity: 61

Merit: 10

It is best to conduct a detailed investigation of the ICO project, and some liar project team members look a lot, in fact, only one person

bitfornewbs

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Activity: 168

Merit: 10

Quote from: M.L on March 02, 2018, 08:54:02 AM

Previously, not many ICO are scams but now it's too much. For my own opinion, there are other ICOs that are complete paper works and very good in platforms but why it goes with the scam. Actually, it's very difficult to choose a trusted ICO so the best is to search for ICO spreadsheets that can tell you which ICO are scams and which is true. We must search first the team and their management background.

Research and risks is all you can do. We can't know if they are legitimate or not but I think the more people joining bounties in ICOs the more harder it is for the leaders to take the risk of scamming those people. I try as much as possible go with many ICOs that I think are good and start bookmarking those ICOs and if I have the ability, I support those ICOs that I think are great projects.

Just make a thorough research. Learn their objectives, find if they can be a step forward to new paths. Check their whitepapers. And finally decide if you want to support them or not.

M.L

jr. member

Activity: 99

Merit: 7

Previously, not many ICO are scams but now it's too much. For my own opinion, there are other ICOs that are complete paper works and very good in platforms but why it goes with the scam. Actually, it's very difficult to choose a trusted ICO so the best is to search for ICO spreadsheets that can tell you which ICO are scams and which is true. We must search first the team and their management background.

Ms Nuha

newbie

Activity: 196

Merit: 0

No one knows for sure whether a scam or not. If I have learned usually checks on wallet ICO and investors is it true there is a flow of funds to the project of ICO.

aces777

sr. member

Activity: 686

Merit: 250

First check their dev teams and do a thorough research on their past work, many times the ICOs pick a public profile image and put it up with random names. Also check if they have a whitepaper ready.
Also remember to check if they aren't keeping a major supply of the coins with themselves.

Leocrypto da Vinci

jr. member

Activity: 210

Merit: 1

OMNITY Knowledge, connected

Well, there is no a 100% recipe that can guarantee you, but if you read all the material and - over all - you check if what they declare is true, you can identify the most parts of scams.
An important point of course is to check the team and the existence of the company.

JDS1000

sr. member

Activity: 414

Merit: 250

It is necessary to check the site and carefully examine all the documentation of the project.This will help to determine the accuracy of the Scam or not

changalice715

newbie

Activity: 22

Merit: 0

I think it is important to see if they have a well-structured and viable business plan.
However, I think that ICOs are generally a type of high risk investment.

rlclub

newbie

Activity: 28

Merit: 0

Look for strong existing business and execution team. Check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io. The product has existing traction with 250 clients and partners in Europe and Asia.

Andika23

member

Activity: 269

Merit: 10

how to check ico there are some people who follow ico if only a little follow ico then i will not follow ico and if many people follow ico i will join in ico so that's how i check ico scam or not

HongKong

hero member

Activity: 812

Merit: 500

Quote from: valmon on February 17, 2018, 01:31:16 PM

Quote from: moonswamp on September 11, 2017, 04:55:26 PM

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

Follow John McAfee @officialmcafee official page in Twitter and you will know actual information about very successful ICO.

Not everything that he picked is going to go up. You should invest in coins after you research them thoroughly.

hashtag101

sr. member

Activity: 419

Merit: 250

Quote from: nrvasquez on February 18, 2018, 06:59:55 PM

Quote from: DataDrug on February 18, 2018, 02:50:19 AM

I always check this:

- Their technology
- Their team
- Their roadmap

The team is paramount, make sure they are all verfied from a trusted source, so chances for the scam will be low

If you want to check a project is scam or legit, indeed, the team developments is very important. But it's just useful when you know exact information of them. If you just checked a fake information, you still invest in a scam project. Grin

nrvasquez

hero member

Activity: 966

Merit: 500

Quote from: DataDrug on February 18, 2018, 02:50:19 AM

I always check this:

- Their technology
- Their team
- Their roadmap

The team is paramount, make sure they are all verfied from a trusted source, so chances for the scam will be low

Snixer

member

Activity: 303

Merit: 43

Quote from: DataDrug on February 18, 2018, 02:50:19 AM

I always check this:

- Their technology
- Their team
- Their roadmap

You shouldn't just limit to those things, there are tons of other things you need to take into consideration before investing your money.

You need to look at how the token sale is structured to know how much it can grow, how much attention they have on their social channels, how active are the devs, if they already have a MVP and so many other stuff.

markovi4mark

member

Activity: 168

Merit: 11

I don't think that a common people can judge by the whitepaper, i recommend to check the investor and the platform. Some scam projects will often make bold claims about their product even though said project offers nothing new or disruptive. It’s not likely that a certain blockchain platform or cryptocurrency will end poverty, fix global warming or replace the internet.

Bttzed03

legendary

Activity: 2114

Merit: 1149

https://bitcoincleanup.com/

It is tough to check whether an ICO is really legit or a scam. Some look legit at the beginning then turns out to be not. Some looks shady at the start, then turns out to be good. As always, doing your own research is your best weapon to know if a certain ICO is a scam or not. Identifying use case and the team behind is a good start.

grek_al

member

Activity: 110

Merit: 10

Quote from: wodebutterfly on February 16, 2018, 11:19:19 PM

You need to do your own research and DD, no one can guarantee that if a project is a scam or not. One way to find out maybe is checking if the social media account followers are real, and if the team sticks to their original plan and keep their promises.

I think also checking their activity in media, social groups, google reserche is the most efficeint way right now. If a good project attracts a lot of people, this is not very difficult to see hype of many investors

hritevanz

member

Activity: 182

Merit: 10

Quote from: moonswamp on September 11, 2017, 04:55:26 PM

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

I've been a victim twice of some ICO that are scam, but that was last year because I have been just a newbie who doesn't have knowledge on how to deal and apply to any bounty. I've been monitoring some of the new bounty campaigns and yes, I have observed that there are lots of new ICO. However, I also wonder if some gambling or game ICO are worth working for in signature campaign. You should read the Whitepaper, the team member and the manager of it if they are trusted enough by some companies.

buhna

member

Activity: 238

Merit: 10

I think if you don't understand nothing about ICO - it's better to have experience before investing. Maybe in bounty campaigns or with little bit of money. Because there are a lot of scams, it's true.

Topic: So many new ICO, how to check if it's scam? - page 16. (Read 14801 times)