First is the idea of an ICO, imho. If it's something new and revolutionary than it can be easier to understand is scam or not. I doubt that revolution ideas will be used in scam ICO in total with other parametrs you should check.
You should check it's Whitepaper and Roadmap, evaluate the activity of developers and promotion in different social media. Search info about developers (maybe it's on linkedin). Invest only the money you are ready to loose.
Also for the those who are willing to go in ICO with big money - you need to order Audit from special companies and check is it worth or not. Without real audit - every ICO is not more than an ordinary lottery.
Topic: So many new ICO, how to check if it's scam? - page 18. (Read 14816 times)
Well, first of all you need to check their white paper if it has credible information that will provide your satisfaction if the project will last , you also need seek advice and do some research in order for you to avoid fake ico. 8/10 ico mostly scam , their token is nothing but a trash sometimes.
You shoud study their site, read white paper. Also there are many specialized websites, They are monitoring the different ICOs. You should check the opinions of other analysts . You can find out necessary information searching Google.
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...
and even the websites use the same template...
but so many new ICO, how to check if it's scam, or worth to invest...
sometimes someone who has had many experiences can be deceived. it is difficult to determine because nowadays there are so many that have good concept and method. almost vague
but, we must always do the research, by deepening it first, looking for some resources that can be our learning material. investigation, analysis and research. yes try doing such a method.
First of all, I will evaluate the project, how much it is implemented. If this is the gardening of Mars, then, sorry, this is unreal.
Secondly, how much money is planned to be collected. If designed unmanned lawnmower, and developers want to collect 1.5 billion, that's where they so much money. When inflated the cost of the project there is a huge probability that developers do not implement it. For what, if you have enough funds, if the project has paid itself back several times, and there is an opportunity not to work at all.
In-tertyh, how much money will be allocated to the bounty. If the amount in percentage is too high, 20% percent, for example, then the question arises, but are not the rights of investors who invest their hard-earned money thereby infringed? Advertising costs - it is a waste of money investors..
This is a very rough method of evaluating the project, but this is what I managed to bring out experimentally.
Secondly, how much money is planned to be collected. If designed unmanned lawnmower, and developers want to collect 1.5 billion, that's where they so much money. When inflated the cost of the project there is a huge probability that developers do not implement it. For what, if you have enough funds, if the project has paid itself back several times, and there is an opportunity not to work at all.
In-tertyh, how much money will be allocated to the bounty. If the amount in percentage is too high, 20% percent, for example, then the question arises, but are not the rights of investors who invest their hard-earned money thereby infringed? Advertising costs - it is a waste of money investors..
This is a very rough method of evaluating the project, but this is what I managed to bring out experimentally.
we need to be careful to our moves because theres a lot of ico project that turn to scam and earn a huge amount of money, checking the ico project background will help to you to indentify if the project have a potential to shine or boom in the market always look for project goal and dont be trust for some project that promising you can earn a huge profit. These following 5 Things You Must Know Before Investing in an ICO
1 - How developed is the technology?
2 - Is it a Copy Cat, an Incremental Improvement, or Disruptive Tech?
3 - How detailed is the plan? What is the road map?
4 - Who comprises the Team and Advisory board?
5 - Do they really need to raise Why?
1 - How developed is the technology?
2 - Is it a Copy Cat, an Incremental Improvement, or Disruptive Tech?
3 - How detailed is the plan? What is the road map?
4 - Who comprises the Team and Advisory board?
5 - Do they really need to raise Why?
I usually study all available project documents. Then I look for information about the team, previous experience and past projects. For me, the team's reputation means a lot when choosing ICO for investment.
I think that it is important to see the idea, if company already have some products it is more probably that the new project will work. You should pay attention to team members and ratings on different web-pages which have no paid rating.
you need to study their white paper, chat with developers, search for them on social networks, make sure that they are real. and as far as I know, every company should have its own website.
Hello everyone! I always estimate by such criteria:
1 Evaluate the scope of activity
2 Study the project
3 Team
4 Product and MVP
5 Competition and differences of the project, USP
6 how Blockchain, Tokens, Cryptocurrency are integrated
7. Economics of token
8 Road map
9 Social networks and activities
10 Fees
1 Evaluate the scope of activity
2 Study the project
3 Team
4 Product and MVP
5 Competition and differences of the project, USP
6 how Blockchain, Tokens, Cryptocurrency are integrated
7. Economics of token
8 Road map
9 Social networks and activities
10 Fees
I look for the following
1. the nature of the project and how coins will be integrated into the project
2. the team
3. roadmap
4. do they really need as much money as they are trying to collect
5. any development work already done
1. the nature of the project and how coins will be integrated into the project
2. the team
3. roadmap
4. do they really need as much money as they are trying to collect
5. any development work already done
first, I study the website of the project, its idea, whether he has a real application, learn their whitepaper, look at the team and their road map. Then you can rate the interest from investors, you can look at the social pages of this project, like Twitter, Facebook and Telegram, how many followers they have.
Research. No way to be 100% certain, but read whitepapers, talk to devs, etc. The less info you can find, the greater likelihood of a scam.
I agree. There's no better way to find out if one ICO is a scam or not. Check its background carefully. It's objects, developers, and also, its management team. Some people look at the management team carefully, especially if the manager have a negative trust rating. It means that there must be something wrong with how he handle a previous project, or he might have a history of scams; at least choose those that are handled by trusted managers. For the project, join those that have good products or new concepts to introduce, they tend to be embraced more by people.
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...
Actually we can find out if ICO is a scam that can be seen from the ICO site, whitepaper, Roadmap available, announcements provided by developers are unreasonable and less reliable. But by looking at these factors alone is not enough, we should be more careful if we will follow ICO investment. and even the websites use the same template...
but so many new ICO, how to check if it's scam, or worth to invest...
To determine a worthy ICO some requirements should be answered. You always need to understand what exactly you are getting by buying someone's coins, and what the final product will look like. Make sure that these questions were adequately meet before investing. Are all the objectives and specifications described in the white paper? Are the project objectives realistic? Does the team have expertise in blockchain? Does the project have a realistic road map? Will the tokens have any value after the ICO? If it does then the chance that this ICO your eyeing is legit.
Right but there is no certain way to track them in an ordered way. We should investigate their company profile first. Then we can take a look at the team structure and white paper maybe.
Check their token on the website if they are on the list, if the ICO just started of course you won't know right away, but it's a good thing if you ate on their group in the telegram, atleast you get updated...
It's more and more difficult to detect a bad project, because it seems that the organizers of an ICO put much more attention on the package that on the project itself, so - out of some evident scams - any ICO loos fantastic at first glance.
There is no defense, but we can check carefully all the papers, the project, the team who worked on it, and so on, and the probability to make a bad choice will reduce.
There is no defense, but we can check carefully all the papers, the project, the team who worked on it, and so on, and the probability to make a bad choice will reduce.
conduct your own research, there are many bad projects, you just need to understand the prospective
To determine a worthy ICO some requirements should be answered. You always need to understand what exactly you are getting by buying someone's coins, and what the final product will look like. Make sure that these questions were adequately meet before investing. Are all the objectives and specifications described in the white paper? Are the project objectives realistic? Does the team have expertise in blockchain? Does the project have a realistic road map? Will the tokens have any value after the ICO? If it does then the chance that this ICO your eyeing is legit.
I think the country where the team members grew up is a significant factor.
Corruption is part of the culture of many countries. Hence, I check the corruption ranking of countries:
https://www.transparency.org/news/feature/corruption_perceptions_index_2016
If the ICO is from a country with a high corruption ranking, then you are taking a bigger risk. This is because the team probably has less of an issue with inaccuracies, exaggerating, lying or cheating, because these things are more ingrained in their country's culture.
Corruption is part of the culture of many countries. Hence, I check the corruption ranking of countries:
https://www.transparency.org/news/feature/corruption_perceptions_index_2016
If the ICO is from a country with a high corruption ranking, then you are taking a bigger risk. This is because the team probably has less of an issue with inaccuracies, exaggerating, lying or cheating, because these things are more ingrained in their country's culture.
Good our Leadership Team at Coins4Favors is German, hard working, honest guys, just not a lot of humor 
Just kidding, interesting that you use this as a rating criteria, never thought of it but kind of makes sense...
Good luck with your investments.
Jump to: