So many new ICO, how to check if it's scam? - page 26.

MarioLuck990

full member

Activity: 157

Merit: 100

Quote from: moonswamp on September 11, 2017, 03:55:26 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...

First thing, good ICOs know that Marketing is the most important because of huge competition, so the first thing you can check in a good ICO is the marketing. If it has a good and smart marketing then continue read its whitepaper. If the whitepaper is good , go check the team.
p.s. The most important thing with the team is to be people with good background, it doesn't matter to be all geeks or developers. Steve Jobs wasn't a developer but made Apple.
Check DIW, for me is the best ICO, I bet all my money on it

tommydavis45

newbie

Activity: 116

Merit: 0

The only thing you can really do is to research a lot.

Look into the white paper, the team, the concept etc. You have the ability to ask as many questions as you want on their announcement thread so use it. I would then get involved in their bounty campaign rather than jump straight into investing.

victoria444

copper member

Activity: 258

Merit: 1

Quote from: Josepht on September 11, 2017, 04:06:05 PM

Most of the ICO's are shit.

The best way to know that an ICO is legit, is seeing that the team already has a working product (for example, BitDice has a running casino for 3 years, and now they come with an ICO).
And, what Whipsplash says: the more info you can find beside their webpage, the less likely it is that is is a scam.

Exactly, Most ICO's are scams unless they already have a working product and have a proof for it. Also checking their social platforms and see how they deal with critics. for me I just know BitDice, LiveEDu as two already establish companies running an ICO. I dont know if there are more out there.

CaptainKid

sr. member

Activity: 756

Merit: 250

In fact, this is a very urgent issue. Everyone has his own vision and recommendations for choosing ICO. I want to believe that in 2018 there will be less scammers.

Usui-Chan

full member

Activity: 224

Merit: 100

Research about the campaign or ICO that you seem to be interesting. The group behind that campaign should offer everything to share the information they have for their campaign. You can decide whether the ICO is okay or not by the information they are offering to everyone.

Goodween

full member

Activity: 140

Merit: 103

Unfortunatly you can't chek it for 100%. Do your own researches about ICO's, chek out some telegramm groups and twitter. Also you can chek ICORATING it can be very useful.

FDC1412

full member

Activity: 140

Merit: 100

connect to the team is the recommended way to check the ICO. The only difference between real and scam ICO is the activeness and the update relationship between the developers and the participants. You can gradually chat them to know what you are really joining.

torukmakto

member

Activity: 219

Merit: 10

I think best way to understand ICO scam or not, searching their team and advisor because ICO which has useless team and advisor cant be succes even if their white paper is perfect. good luck to find good ICO

ValhallaICO

newbie

Activity: 17

Merit: 0

Really really research the teams.

Make sure the teams are real people who have held senior roles in companies you have heard of.

Then go to LinkedIn and look the people up. Do they have the ICO affiliation written there?? If not, why not?
If they have had senior roles, they should have >500 connections and have multiple articles written on them when see under a quick Google search

Huge red flag otherwise.

We received many questions regarding our ICO (https://tokensale.valhallacoin.com which starts on Tuesday), as our team consists of US Navy SEALS, ex-FBI, ex-DOJ and cery senior security people. Only seeing the linkedin profiles and talking to the team members kept the whales happy.

boss82_big

full member

Activity: 364

Merit: 100

My selection of Iso consists of several creatures, the first is the authority of the company, the second is their intention and why they collect the money, the third is their pool and the last distribution in the media

HerZika

newbie

Activity: 42

Merit: 0

Hi guys,

New to the forum.

I was planning to invest in LiveEdu ICO: https://tokensale.liveedu.tv/ but I am not sure if they are scam.
There is no any real media coverage on the project and I never heard about them.

Did someone know what is it about and how safe it is?

bobylee

newbie

Activity: 294

Merit: 0

Reading ICO white papers is a major way to find out if it's legit or not. yep it's a quick way to check it. Wink

seanavery11

member

Activity: 280

Merit: 10

-----

There are lot of promising ICO, but some of them are scams. To check if it is a scam or not: do some research, read the whitepaper and identify if there is a great team behind the project.

bench4rench

brand new

Activity: 0

Merit: 0

The only way is to do heavy research on the ICO you want to invest into.

Why are they creating an alt coin? if it is just for an ICO walk away.

What is the vision, how strong is the team and do all the numbers make sense?

You have the ability to ask questions on this forum which is very rare for most investment opportunities.

karungbitcoin

full member

Activity: 588

Merit: 100

In my opinion by make investment in ICO that has working product will be more safe than only plan in whitepaper. And second one looking for other review of that project in some forum and youtube channel, this will help to more understanding the project because sometimes if only read in the whitepaper by self is hard to understand the project
.

Suslura

member

Activity: 599

Merit: 10

Quote from: bribed on January 09, 2018, 07:05:56 PM

Its really hard to distinguish the legit projects from the fake ones nowadays. As many projects have fancy websites nowadays that are visually compelling and are easily manipulating people who didnt do enough research.
I personally have set some filters for myself to evaluate ICO projects. If there is no working product, the project is out. If the team doesnt make a good impression, the project is out. Etc.

there are scammers that can make such an impression that a person decides to even sell the house for the sake of this project. But in order to early learn how to identify fraud, you need specific ways.

bribed

full member

Activity: 238

Merit: 100

Its really hard to distinguish the legit projects from the fake ones nowadays. As many projects have fancy websites nowadays that are visually compelling and are easily manipulating people who didnt do enough research.
I personally have set some filters for myself to evaluate ICO projects. If there is no working product, the project is out. If the team doesnt make a good impression, the project is out. Etc.

GrassBite

jr. member

Activity: 68

Merit: 3

Well, ETN IS a scam folks.

Buyer beware. My paper wallet import is stuck in "processing" for 7 days, the screen shows two copies of the import if you sit on the same window long enough.

Total BS.

lennox_dan

newbie

Activity: 70

Merit: 0

Good way to check the ICO project is to watch reviews and ask questions to devs so you can figure out how responsibly they work on the project and care about users' opinion.

Louis731

newbie

Activity: 23

Merit: 0

Quote from: fredrockcoin on January 09, 2018, 12:29:19 PM

Do a thorough research - read a lot and watch a lot of reddit & youtube threads.
Speaking of which, I'm currently doing a research on an upcoming ICO project which sounds pretty intriguing. Its name is Cointed. Has anyone heard anything about it?

Quote from: carlowell on January 09, 2018, 12:24:49 PM

That's are some ICOs that looks like scams but not, but if you want to make sure they're not scam, look for good ICOs that has good team, developers and staff, the project itself if it's useful for the community and must of all good ICOs have good resources like hiring good bounty campaign managers who's rank are higher like hero and legendary members.
Bad ICOs are managed by random people like Newbies and Jr Members...

Both of you are on point. Do a lot of research before joining any ICO. Most of them got telegram groups and subreddits. I don't find youtube that useful to be honest, but to each its own opinion. Bounty campaign ranks are a credible source to judge an ICO, but never forget to read through the entire Whitepaper and carefully study everything there. Good ideas are nothing without a hardworking team behind it. About Cointed: it is legit. They have been handling ATMs in europe for quite a while, and now are branching out to a lot of other fields. I can recommend it, along with golem, as the two most promising ICOs in my opinion. I am hodling both these tokens.

Topic: So many new ICO, how to check if it's scam? - page 26. (Read 14816 times)