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?
Topic: So many new ICO, how to check if it's scam? - page 27. (Read 14819 times)
First of all, the project sponsor is very important, and then whether the project can continue to develop, and finally the publicity of the project is good or bad.
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...
I usually check which reputable company is in partnership with the ICO if the company is well established one then I will invest in the ICO,
I will also check their whitepaper and how experienced is their assembled team of expert and I find out if the project of the ICO is related to blockchain technology I.e decentralized.
I will also check their whitepaper and how experienced is their assembled team of expert and I find out if the project of the ICO is related to blockchain technology I.e decentralized.
If you're investing, you must know the ICOs' team or developers and members because good ICOs have good companies.
If you're going to participate bounty campaigns, good ICOs or bounty campaigns are managed by good bounty campaign manager which is higher ranked member like senior, hero or legendary members, otherwise, when they're managed by newbies and junior members then higher possibility they are scams.
Good ICOs have good resources otherwise you fall into scam ICOs.
If you're going to participate bounty campaigns, good ICOs or bounty campaigns are managed by good bounty campaign manager which is higher ranked member like senior, hero or legendary members, otherwise, when they're managed by newbies and junior members then higher possibility they are scams.
Good ICOs have good resources otherwise you fall into scam ICOs.
Hope the smart way to know if the ICOs is legitimate or not is to research that certain coin reading their whitepaper, website, development team and their business vintage. Most of the ICOs are scam which is new to business and in crypto world as well. For this you need to research every aspect before investing or thinking of doing any business.
I see only one option, to look at partners, if among them famous people, then you can take risks, well, on customers too, maybe among them there are popular companies ...
To check whether this is a good project for investment, you need to study the project, read all its documentation, learn news about it, realizing that you can trust the development team.
First thing is to read their website and see if it looks good and legit or not if the white paper is good and well written then we should check their website and check if they really did the proper work on creating that website and last thing is we should check the team which is behind that project if they are good people and can make that project successful then only join that ICO. If you see anything suspicious then I will recommend you not to join them.
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.
Do a serious background check on the team, check whether it has a working prototype and also roadmap
Only but a fee knowledge i have about identifying real ICOs that which is checking on the team of the ICO if they are real project admins,you check on there profile. the website too can also if you and incite of what they are into,if they have a runing project to back up there ICO,these little information can help.
it is necessary to understand that if someone has already undertaken to engage in fraud, then he will improve his activities so that no one suspects about it. Therefore, it is better to pay attention to more precise selection criteria. I would advise you to pay more attention to the Chinese and the company. I have more confidence in them.
I think that the first and the most important thing to consider is real, useful, well-known projects in which the founders took part. It is the cornerstone of any ICO.
Only but a fee knowledge i have about identifying real ICOs that which is checking on the team of the ICO if they are real project admins,you check on there profile. the website too can also if you and incite of what they are into,if they have a runing project to back up there ICO,these little information can help.
The purpose of a legitimate ICO is to kickstart a project into fully scaled development with venture capital or private investing. In order to do this, the organization should have some form of developmental or product timeline that you can compare to other organizations and see if their benchmarks make sense.
The more transparent and open to the community a project is — the more likely they are to be viable.
Realize that even if a blockchain startup passes all of these tests, it doesn’t mean for certain that they aren’t trying to scam investors out of their money.
It also definitely doesn’t mean that they will be successful; blockchain is still a risky space with lots of technical challenges, so no one is a guaranteed success. But if you are the bullish type who is looking for the next Bitcoin, make sure to check all your bases for you make your investment.
The more transparent and open to the community a project is — the more likely they are to be viable.
Realize that even if a blockchain startup passes all of these tests, it doesn’t mean for certain that they aren’t trying to scam investors out of their money.
It also definitely doesn’t mean that they will be successful; blockchain is still a risky space with lots of technical challenges, so no one is a guaranteed success. But if you are the bullish type who is looking for the next Bitcoin, make sure to check all your bases for you make your investment.
I recommend to always check ico in icorating.com can also at icohotlist.com and the best at coinschedule.com
Maybe I should have read here before starting a post.
Thank you for the information
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...
Scam ICO's are looking directly for your money.... the only way to stay out from these who make a lot of promeses withut showing any real interest developing.
for me to choose a good ICO is not so difficult, first we must see whitepaper, roadmap, product, team and advisor
join the group telegram, we ask all about the project if they have a solid team and the product is interesting, then the investors will arrive by itself, so the ICO will also succeed and the roadmap will run smoothly.
Most of the time, the number of people on telegram and the heat of discussion can judge whether the project is good or bad, and the potential of the team can be seen from the update of the code. join the group telegram, we ask all about the project if they have a solid team and the product is interesting, then the investors will arrive by itself, so the ICO will also succeed and the roadmap will run smoothly.
Personally, I don't trust ICO directory site ratings.... They all pocket money for listings and the more they get paid the more likely the "review" is good. I say, do your own research. Just because an ICO site gave a high rating, I would not trust it at ALL. If the ICO review site takes NO money for ICO listings/reviews, maybe you can trust them, but how do you really know anyway?
Most of the time, you can be in bitcointalk BBS search information about the project, many people will give you the poor record of the project or need to pay attention to things, these are some valuable information, you are worthy of attention.
I recommend to always check ico in icorating.com can also at icohotlist.com and the best at coinschedule.com
this is a good idea if we can check new ico on that site because at least we have some info that might be useful for us to decide to join or not. we can add this too to our list to check the ico so we can reduce the chance to get scam. but one thing that I only know that we can get scam only after the ico is finish and they don't give what we invest to them and they are run away with the money from the investor.
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