Topic: So many new ICO, how to check if it's scam? - page 35. (Read 14801 times)
The best thing to know if an ICO is a scam is to make a research. You need to see all the information on that ICO so that you will know if that is a trusted ICO and not a scam.
Yeah ICO listing and most of marketing stuff can be bought so it may end up as well invested scam.
First step to see available or not ICO at website:
http://icorating.com/
And next just learn more about project, about what people say, about developers.
http://icorating.com/
And next just learn more about project, about what people say, about developers.
There are many listing websites, ICORating is not the only one.
It's difficult to say, but before choosing an ICO, people should consider various aspects:
- The managing team (Investigate in internet if they trustworthy and competent)
- The vision and goals
- The allocation of funds they offer.
- Website and whitepaper
So doing it, there is no way to be 100% certain.
- The managing team (Investigate in internet if they trustworthy and competent)
- The vision and goals
- The allocation of funds they offer.
- Website and whitepaper
So doing it, there is no way to be 100% certain.
Start with the assumption it is a scam and then move through the stages to make yourself believe it is not.
Team members with relevant blockchain AND sector experience ?
Do you like / believe the whitepaper ?
Backed by known entities or people - i.e. not celebrities and not known crypto people, but relevant real world and business people.
Avoid the hyped projects.
Check that the structure is not based on team money extraction - i.e. for example ICOs where tokens are issued to the team without considering the amount raised (such as Powerledger).
The best at the moment for all of the above is Prosume Energy.
Check the WP, team members with unbelievable knowledge, Ernst and Young on the advisory board as well as sovereign wealth fund advisor.
Existing project.
Team members with relevant blockchain AND sector experience ?
Do you like / believe the whitepaper ?
Backed by known entities or people - i.e. not celebrities and not known crypto people, but relevant real world and business people.
Avoid the hyped projects.
Check that the structure is not based on team money extraction - i.e. for example ICOs where tokens are issued to the team without considering the amount raised (such as Powerledger).
The best at the moment for all of the above is Prosume Energy.
Check the WP, team members with unbelievable knowledge, Ernst and Young on the advisory board as well as sovereign wealth fund advisor.
Existing project.
ICOs with a shady page, the team of nonprofessionals without profiles on social media channels, with not clear whitepaper.
here is good 4 min read an article on Medium from CH worth to read: https://medium.com/@crowdholding/what-is-an-ico-and-should-dive-in-f712ffdef9eb
here is good 4 min read an article on Medium from CH worth to read: https://medium.com/@crowdholding/what-is-an-ico-and-should-dive-in-f712ffdef9eb
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...
The original ICO has some important information such as:and even the websites use the same template...
but so many new ICO, how to check if it's scam, or worth to invest...
white paper
team & develover
Total Coin
Detailed Information about the Project
I think this is the question which many people wanna receive the answer. Unfortunately, there is no correct answer for this question. You have to use your knowledge, your experience to confirm it is a scam or not.
experience and knowledge. but the risk is always and everywhere. 
I think this is the question which many people wanna receive the answer. Unfortunately, there is no correct answer for this question. You have to use your knowledge, your experience to confirm it is a scam or not.
ICO is now really a lot and the degree of risk when investing in it has grown very much. You can study the ICO program, its need and prospects, check the team in terms of its professionalism, check whether it has a license, whether its location is indicated, however, in the end, this does not save you from the risk of fraud. As elsewhere in investing in a particular type of business, the risk still remains.
if i we're you , you should do your own research in order for you to judge that certain ICO check their dev team and whitepaper read it carefully so you can know if is a scam or not then also check the ICO if it has a working product already this way you should know if that certain ICO is not a scam this also may use a good evidence for that ICO is not a scam
the best way to know if the ICOs is working properly is to research that certain coin reading their whitepaper , dev team and many more and also you can see if it has working product this can be a very good proof that the ICO is not a scam
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...
To be honest if you like gambling then you like ICOs. I would put them on same league as sports gambling because simply you can do research to minimize the risk. You have to keep in mind that anyone can make a white paper, website and a team. That's why I could compare it to sports gambling. You don't know if the team can kept going or not but research can clear of some stuff about them.
every ICO has it own website and whitepaper, so read carefully if you want to invest in that project,moreover you must check their interaction to people, ask questions to advisors or develope team, if they unwilling to answer your questions, you should stop and quit that ICO. however many ICOs nowaday too hard to check if that project is scam or not, so it is a little risky to invest in.
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.
yes your right because other campaigns with new ico is scam so be sure to check it clearly so u wont get scammed by the fake campaigns 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.
There is no way to be 100% certain. Read whitepapers and check the team very carefully.
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.
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.
I agree with you, a better example is LiveEdu that is running an ICO. LiveEdu is powering global online education with blockchain smart contracts. LinkedIn bought Lynda.com for $1.5 billion, which was founded 20 yrs ago. LiveEdu is building today the next-generation decentralized Lynda. We connect content creators (streamers) to learners (viewers) who teach them how to build complete products. Y-combinator company.
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...
The original ICO has some important information such as:and even the websites use the same template...
but so many new ICO, how to check if it's scam, or worth to invest...
white paper
team & develover
Total Coin
Detailed Information about the Project
If you want to invest, these are some of the question you should clarify before investing in one particular ICO's:
1. Who are the people behind the cryptocurrency?
2. Are they trustworthy and competent?
3. Are their names and resumes published for the public to review?
4. Do they have a Google trail of promoting other scams?
5. Do they have an experienced technology team behind the cryptocurrency?
Because as the price of bitcoin, ethereum & other cryptocurrency continues its trajectory, more and more opportunities are being presented to inexperienced "investors" who have seen easy success and expect that success to continue. This is why you should be vigilant & observant before you invest..
In my opinions Whitepapers has explain manything about some background stories, dev team profile, project progress, marketing target.1. Who are the people behind the cryptocurrency?
2. Are they trustworthy and competent?
3. Are their names and resumes published for the public to review?
4. Do they have a Google trail of promoting other scams?
5. Do they have an experienced technology team behind the cryptocurrency?
Because as the price of bitcoin, ethereum & other cryptocurrency continues its trajectory, more and more opportunities are being presented to inexperienced "investors" who have seen easy success and expect that success to continue. This is why you should be vigilant & observant before you invest..
So maybe you saw the buzzword salad we just talked about but hoped to find something completely different in the Whitepaper. This can be true, as developers may try to simplify or hype up their product on the announcement or website and detail the actual tech behind it on the whitepaper. However, if the whitepaper is full of these same buzzwords with no clear meaning, no actual tech is discussed and only high-level descriptions are given, then this is definitely a scam.
Some have working prototype or even functional beta products/apps.
I would trust only these.
Jump to: