believe me that scam ICO is very difficult to detect, many ICO issued by trusted Bounty Manager ends with failed and even a scam, this is very difficult to detect.
but if the ICO is issued by the Bounty Manager who does not have a good name should leave immediately because it is likely a scam although the possibility of no scam still exists.
Topic: So many new ICO, how to check if it's scam? - page 4. (Read 14833 times)
I think if you don't understand nothing about ICO - it's better to have experience before investing. Maybe in bounty campaigns or with little bit of money. Because there are a lot of scams, it's true.
Ensure you do your own research,do not folliw the crowd hye to invest,check in detsiks there whitpaper,the team behind the project,and there past track record,in terms there professional experience.Research before you invest. Do not be lazy to invrstigate about the project. 
the difference between ICO and IPO is nothing. ICO is looks like IPO, the company want to have money for their project. So, they create an ICO to call for capital and investment. Investor you get profit if their project can be success, of course, it is high risk with which project has not anything.
Methods of checking ICO projects to identify fraudsters are also unchanged. You will not be able to make 100 percent sure of this, but you will be able to create an ICO rating for yourself, in which you think it is worth investing.
The best way to test my ico so far is to spend more time researching about that project. If you want to make sure a project is legitimate and clean on the idea. First off is the website, whitepaper, roadmap, devs team. The latter is from their media like telegram, twitter, facebook ... try to find out any link or partner about their contact and publication. That's the method I tested an ico before investing in it.
As the ICOs are very professionally organized these days, it is getting more difficult understand if they are scams. Try to find red flags as much as you can. For example, it's important to ask why they need that much money, and find out what they have achieved so far.
95% of ICO will fail or scams so you just need to determine the 5%. ICOdrops would be a good website to look around, other than that you can join ICO group discussion on telegram
And do a lot of research!
And do a lot of research!
it is very difficult to determine the co is true or scam we have to read the white paper and see the team that is in the project, if teams and products from ico is real then the possibility of the project is not scam
I would really like there to be a secure system to detect ICOs and scammer bounties.
Lately I lost some time with things that did not work. But, you know, life is a gamble ...
If you have advice, I listen to them willingly.
Lately I lost some time with things that did not work. But, you know, life is a gamble ...
If you have advice, I listen to them willingly.
There is a little easy to check test - Hard and Soft caps. Is there a set hard cap for the ICO ? Is there a reason behind it or it's just a random number they picked out of a hat ? Is there a described way about how the money would be distributed ? You can check this information in the whitepaper or the website in just couple of minutes and it can save you a lot of time. If that information is missing or is unrealistically high then that mean that either the ICO is scam or the team behind it is incompetent. In both cases it's not worth your time or the risk to invest in it.
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...
Yes there so many ICOs out if you want to check if the ICO is a scam or not you should first at looking at the developers. It's good to the focus especially on the team behind them.Make sure to check out if maybe the people behind a project that you want to invest in aren't the same as the ones behind other previous Scam ICOs.and even the websites use the same template...
but so many new ICO, how to check if it's scam, or worth to invest...
Most of new ICO projects are first announced at the bitcointalk forum. Most of them are just spam. They post only to post. If there is no real people behind a project, no whitepaper or businessplan and if they have over solded their roadmap that could be a clear indication that it is a scam. Some literally just beg for money from strangers, while others hide behind allegedly real project, raise the funds then disappear or say that they have to end the project for whatever reason.
Research and your own interest. If you are feeling that this might be interesting for you in the future and you might use their services, that's the great option to buy some tokens.
Go to some evaluation websites of ICO and check the project rating of ICO. I will check the information of ICO at https://icobench.com/!
Study the ico team and white papers carefully to ensure that the information provided matches your research expectations.
Study the ico team and white papers carefully to ensure that the information provided matches your research expectations.
Use ICO rating site like ICObench. It will help you to make some consideration. But it's not guarantee that 100% Legit because maybe some of them are SCAM too. I think you must research again and just make ICO Ratin site as ICO list.
Before everything else, you must check the whitepaper and the team behind the ICO. Also check how they are doing in engaging and being active in the community and how good their reputation is. A good ICO attracts big investors because of their product or vision they have set. One ICO I can recommend is DCC. DCC enhances Data Validation Efficiency and lessens Data use cost. Personal data can be automatically authenticated and used many times according to data categories that will remarkably reduce the cost of institutions who use the data. The institutions are free from frequently obtaining authorization from users every time they will access or use the data. The level of credit reporting all over the world is imbalanced. The making of credit reporting in some regions and countries is lacking in progress and the number of borrowers with credit records isn’t enough, which also produced global entrepreneurial wave of internet finance to serve users with no credit records.
Research will help you and better not listen to random people on the internet for your investment guide in the hope that your brain will not have to play any part.
Gl investing.
Gl investing.
If I think personally for the moment we can not read it scam project or not it is very difficult for us prediction because the project we predicted good but it was a scam
therefore we must be smart to choose a very good project and not a scam
the more info you can find next to their web pages, the less likely it is a scam project
therefore we must be smart to choose a very good project and not a scam
the more info you can find next to their web pages, the less likely it is a scam project
I think you should go from whitepapers has explain manything about some background stories, dev team profile, project progress, marketing target. Just 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.
Most people who ask here in the forum doesn't do any research they just listen to advice and do a minimal scan about the other people's answers on the ICO's. The best thing to do if you really want to invest on ICO or check if its scam or not is to research about the whitepaper ,developers or the people behind the project. They should be diligent and try to ask questions whenever they have doubt about the project and the spokeperson of the project can answer that question if no there's a possibility that ICO is a scam.
It would be best if you do some research before joining an ICO like knowing the people behind this and their goals in the future. check The Whitepapers and roadmaps if they plan their ICO successfully. Be an investigator in your chosen ICO.
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