Topic: So many new ICO, how to check if it's scam? - page 32. (Read 14816 times)

Of course you can not be 100% sure if something is a scam or not. But there are many good sources all over the internet where you can inform yourself
about a project as much as possible. I am not a big fan of crypto youtubers but there are some really good guys who take very deep looks into many ico's.
You can watch some of the videos to get some insights and then do your own research and decide for yourself which ico maybe worth investing. I think that is a good way especially for people
who are new to the crypto space. But please do not follow them blindly. Always do your own research.

we can find and use this forum to choose a good ico and usually there are reviews or appeal if there is a scam ico

Actually, we cannot evenly know whether an ICO is a scam or not because we can just be so sure on it once we are engage into it because we will start to be observant on the updates and improvements done to make the ICO alive. At first, of course we will be attracted to pursue the ICO because of its promising statements on its website and whitepaper and eventually we will just discover if it is a scam or not. So we must be wise on observing those ICO before getting into it.

I remember I was interested in the Everex ICO.  I signed up for newsletter.  After a few months the token sale went live.  I googled it and the first result was a sponsored link.  I went to the site everything looked legit except the price was slightly different from what I remembered it should be from when I signed up. Red flag.  Went back to google and clicked on the second link first(first un-sponsored), it had the price i remembers so that was the real website? Right? Or maybe the email had the correct link? or was that it a spoof? Anyways, I decided against participating and haven't really considered buying tokens since.  

The few ICOs I have participated in always had a ANN thread on Bitcointalk with a healthy volume of Q&A and they have proven to be legitimate.

Currently, ICO projects attract the opportunity to get "easy money" without much effort. The only difficulty is to choose a promising ICO project. In addition, there is always a danger of running into scam projects and losing the invested money. These points should help you:

1. Website
If you open the site, you can not immediately understand the meaning of the project, then safely close this site. Most likely the creators of the project reacted to the matter through their sleeves, decided to save on the services of a copywriter who would write the texts "for people."

2. Find out how many languages ​​the site has translated
The main markets are China, South Korea, Japan, Spain, USA, Russia. If the site is only in one language, this is very revealing. The creators of these projects are very scrupulous about their globalization, so they always try to speak the native language of a potential investor.

3. Analyze the distribution of money
Initially, it is necessary to understand how it is planned to spend the collected money. If this distribution is written in a nutshell, and it is not clear how much they will spend on the product itself, how much on operating costs, how much on marketing, etc., then this is an obvious scam - fraud.

5. Social networks

Be sure to check if there are links to social networks, assess the activity of people in this network. Of course, many are paid posts and mentions, so spend a little bit of time to get to the heart of the comments and understand their meaning. Be sure to go to the branch in BitcoinTalk and read the opinions of the people who write about the project there.

The length of white paper mesaure 90% of ICO's potential in future   Just check some past project in such way.

Searcht the ico on google and do some research about the ico, read more and more especially its description and some important info, that is my way on how i spot a scam ico, all you have to do is read and read take time and waste time reading for it will be worth it because you will have a successful not a scam ico

thanks for this sharing.

There are so many things to look at, but i will fill you in with the 3 basic things you need to look at:

1. Check if they have a solid team and if the team is real, as in, does there profile check out and do they have experience or are they the next Tom Dick and Harry?!

2. Is the project mission and vision achievable and real, or is the team living in a fantasy world thinking they will change the world, and advertising it with hype?!

3. Finally check their High/Low caps, and coin value. Some ICO's set some unrealistic figures which show that they want to take your money and run off with it!

Good Luck!

Actually, most of them are scams which just aiming at raising money, how would you check a project that will never come true or will never do any help to real world, especially most of them pretend to work hard on the project?

if for me, the best way to find out the ICO is a scam or not is by studying their work teams, looking at their roadmaps, product projects, and knowing their marketing techniques, so we can know the ICO is a scam or not.

What is written here makes sense, but in reality, you can always paint white paper and present a team and a roadmap. For example, the project manager will gather the cryptotrugs and dump somewhere, substitute the team and investors. Therefore, any ICO is a big risk. In order not to break my head, invest in mine. What, I do not advertise well? The coin is created on the most advanced engine currently - NEO.

It's all very much like a lottery. And I'm very unlucky with them.
It would be cool if someone came up with an insurance mechanism with participation in the ICO. This would raise all ISO to a new level.

You must consider all ICOs as scam. First you need to study their site, and you can find information. Find as much information as possible and make the right conclusion.

By reputation and background.  There are ICOs out there that are created by legit companies, entities that are existing for years and have a good reputation in their certain fields. I don't think they will "scam" someone using ICO because they have a reputation to protect.
Also, be sure that the ICO they are promoting is related to the current business or field they have.  You'll be sure that they really know what they are doing.

to be honest it is impossible to be 100% sure if its scam even you know hose people personally it can turned into disaster at end.
To minimalize risk try call to them, ask i email. Contact with their advisors that may lost reputation by joining their party.

I see the idea behind the project, the more innovative and unique it is, more chances that the ICO will be success.
The team behind the project also very important regarding this appraisal that is the project scam or worth to invest. I suggest that never rely on websites that rate ICOs. Always assess the project by your self. Read the white paper for the project understanding.

Research is the key here. Just like any investment knowing the business, the industry and where they are going is vital. Here are a few things i look for in an ICO

- Strong team - Both in development team and also the CEO's / marketing (no point having a great team to create something, if nobody can advertsie it and push the startup in the right direction.
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?

Also here is an interesting article comparing ICO's with a working product vs a vision.

https://medium.com/@crowdholding/mvps-pocs-and-ideas-which-icos-should-i-better-invest-in-and-which-will-let-me-down-369bf1ffae2

Hope this helps and happy investing!

Fortunately there are many specialized websites in this business model that are continuously monitoring the different ICOs. It is not enough to visit the websites of the ICOs, it is necessary to check the opinions of other analysts to obtain a better overview, and for that it is very easy to obtain all the available information with a simple Google search.

Man this is how free market works.
People wanted ICO not PRODUCTS so they have been paying 20x for ICOs price.
Now free market give you 20x ICO at ICO price at best.
this system  tries to find ballance
now we had massive BTC pump so more ICOs will come.