So many new ICO, how to check if it's scam? - page 37.

christinawu

newbie

Activity: 10

Merit: 0

Quote from: DRVX on September 11, 2017, 04:15:55 PM

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.

There are many listing websites, ICORating is not the only one.

bitcub

sr. member

Activity: 952

Merit: 250

I believe about 50% from them are a scam. And the best thing to spot a scam is by thorough investigation of their theme. Some of them are actually owners of other altcoins, just hiding themselves by hiring acfors and good looking people to appear in media.

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...

Filmmmakerr

sr. member

Activity: 518

Merit: 251

Hello. Bye.

Team Team Team!!! This is the number one logical thing for me, before investing into any crypto I make sure I can see the pictures of the TEAM behind the product and or ATLEAST names, without that its most likely either a scam or really risky since they can walk away with your coins at any time do it all over again.

yura_878

full member

Activity: 308

Merit: 100

The Operating System for DAOs

It's now very difficult to invest in new projects, you need to study all the small details before investing.

stripykitteh

legendary

Activity: 1176

Merit: 1001

CryptoTalk.Org - Get Paid for every Post!

Quote from: Mr_McKska on November 01, 2017, 04:49:01 PM

Just my fifty cents to all the above

When you look at the team, pay attention to their experience in the field in which the project will be implemented. Also their profiles in Linkedin should be submitted on the project website. It is great, when project advisors are well known ppl in crypto industry.
The project should have an account on github.
When you read the WP keep the question in your head - why this project requires blockchain and token?
All the social media accounts (FB, Tw, telegram, etc.) of the project should be as active as possible. It looks very questionably when, for example, there are 20k followers in Tw, but only 5-10 comment under each tweet.
Be careful and prudent, good luck.

Usually when there is an active twitter and facebook account then the price of the coins usually do well as well because there would be more traders.

Mr_McKska

full member

Activity: 350

Merit: 101

3D Blockchain Applications Platform

Just my fifty cents to all the above

When you look at the team, pay attention to their experience in the field in which the project will be implemented. Also their profiles in Linkedin should be submitted on the project website. It is great, when project advisors are well known ppl in crypto industry.
The project should have an account on github.
When you read the WP keep the question in your head - why this project requires blockchain and token?
All the social media accounts (FB, Tw, telegram, etc.) of the project should be as active as possible. It looks very questionably when, for example, there are 20k followers in Tw, but only 5-10 comment under each tweet.
Be careful and prudent, good luck.

Bustart

sr. member

Activity: 658

Merit: 250

Quote from: oturanbilboa on November 01, 2017, 10:32:14 AM

If they look similar eliminate them.
If they have fake profiles in their team eliminate them.
If they have poorly written whitepaper eliminate them.
It's very hard to pick right ICO these days.

Scammers are good of cloning the ICO's. Yes, I agree all of that thoughts of you but how can we know all of the above mentions are truely scam? We can't only determine by looking it of our own eyes. It might be right to say to do deep research and make sure to know its official website. Never give your money if the project is not convincing to you. If your not satisfied then don't give your trust.

Akash1243

sr. member

Activity: 392

Merit: 257

Well always be carefully about ICOs as most of them are generally a scam and remaining ones are not worth investing and are just useless.And if you want to check whether the ICO is a scam or is just failed coin then check their popularity and research about the coin,its team,read them in any articles and also check the coin's cap value this all would give you a good idea about the coin and whether to invest in them.

ilya_gr

full member

Activity: 294

Merit: 100

I would tell you in a few words. Just use your mind hardly and try to imagine, what this project will do,when they have hard cap, for example, 100mln$

Michae1k

newbie

Activity: 42

Merit: 0

You should make your own choice, because we really have too much icos right now, and almost all of them looks good, but not all will give you the money, so you need to be careful
To make this choice you need to read articles and forums, and invest that amount of money that you can lost
do not rush, and think twice before investing
In my own opinion - DMarket and Confideal - is a great projects. Take a look, do not invest now, just observe

valmon

newbie

Activity: 81

Merit: 0

At first to read White Paper to understand where the tokens will be used. When the project is not new but work for several years and has real clients it is great!
Next, what is very important, information about team and advisers!

And last thing this is pesonal intuition Wink

Aureliusy

sr. member

Activity: 325

Merit: 250

Assume every ICO is a scam. Ask yourself why do we need another ICO with a solid team, great tech and a flashy website?
99,9% can go straight into the blender. The 0.1% left is the least scammy, then buy BTC.

Mister1k

hero member

Activity: 896

Merit: 520

Quote from: khan149 on November 01, 2017, 11:45:50 AM

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...

An ICO depends entirely on their team members.They should see if their team member is strong.They will have to verify their future plans are.See if they have their own templates.Many scams ICO use template copies of others.Read the whitepaper

What team member and support team can help to not cheated in the any ICO.
If the ICO is a legit you no need to worry about the token distribution and adding it into the marketplace list.
Every day we are seeing one in the altcoin list, check the white paper release and blog to confirm about their plan in future and legit or not.

Herdirfauzi

sr. member

Activity: 574

Merit: 250

Quote from: khan149 on November 01, 2017, 11:45:50 AM

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...

An ICO depends entirely on their team members.They should see if their team member is strong.They will have to verify their future plans are.See if they have their own templates.Many scams ICO use template copies of others.Read the whitepaper

can you show which ico is using someone else's template copy?

Herdirfauzi

sr. member

Activity: 574

Merit: 250

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...

you should search for information about dev, and see the contents of the project whitepaper ..

khan149

copper member

Activity: 463

Merit: 251

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...

An ICO depends entirely on their team members.They should see if their team member is strong.They will have to verify their future plans are.See if they have their own templates.Many scams ICO use template copies of others.Read the whitepaper

MarceauLibrium

newbie

Activity: 29

Merit: 0

A lot of factors can be considered when choosing ICOs.
Depending on your own preferences and risk tolerance, how you factor them might differ.

Some important things to consider, that might help removing scams:

Existing product: is the ICO based on an existing product, or at least a MVP? If yes, there is a good chance that the team can execute on their idea, and is a strong sign of potential future success.
Team: Verify that the team is legit. Good track record, no fake account, ...
Vision: You have to be aligned with the project's vision, i.e. you need to believe that their business model will still exist 5 years from now.
Whitepaper: Go through the Whitepaper, and make sure it makes sense. Whitepapers are the bible of these projects, and should be the first thing you read.

illiki23

sr. member

Activity: 602

Merit: 295

Hail Eris!

If you can't read code you are a little screwed.

At the least reject any project which isn't open source with a github. Check up on the developers. Join their Slack/Telegram/Chat whatever.

Read the whitepaper before you decide to invest or not and use common sense to decide if it is a good idea or not.

Of course scammers can still go through all the trouble to fake this but most don't. Most are rather rushed and not very smart though people still fall for them.

oturanbilboa

sr. member

Activity: 454

Merit: 252

If they look similar eliminate them.
If they have fake profiles in their team eliminate them.
If they have poorly written whitepaper eliminate them.
It's very hard to pick right ICO these days.

giga_999

full member

Activity: 133

Merit: 100

90 % of startups are failing.

Check out the team and the concept, check out the MVP of the project. be aware of hypes, if the projects sound too great with a lot of promises but without an MVP such project most likely will fail.

Project I am working for has launched its ICO
We have an APP and a great concept of co-creation.
Check out here our ICO page

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