So many new ICO, how to check if it's scam? - page 40.

bongiu

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Quote from: Whiplash Wally on September 11, 2017, 04:00:09 PM

Research. No way to be 100% certain, but read whitepapers, talk to devs, etc. The less info you can find, the greater likelihood of a scam.

I would also to this comment to check on the team, check if they LinkedIn profiles and if they do, what kind of experience they have.

olushakes

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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...

Questions like this have been asked not once or twice but several times. The onus is on you as an individual to go ahead and do your research and be able to discern things on your own before taking decisions about investing or not and thank goodness paying campaign participants to post in the ANN thread is being discontinued so one is expected to see some objective comments there and that is a way to start.

Koadharber

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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...

This is why doing research is the best thing to do when you are planning to invest on ICO because this thing will really help you out if you are putting on a scam or not.Choosing the potential ones is the hardest part on these kind of investment specially there are lots of projects to choose from as of now. If you are careless on selecting on them for sure you will end up on losing money.

kamikadze69

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in choosing ICO. you should consider sharing various aspects, such as the managing team, the vision / mission and the allocation of funds they offer.

ioseta

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There have been lots of ICOs, maybe we can't know and be certain of about their success and result but it is not so difficult to understand which are real, which are spam. Just more research and some experience.

btcholder

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Yeah... I want to know about same thing. There are lot of ICO out there. It's hard to find which is good and which is scam. I think more research is best way to find good ico project.

ghdeveloper

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Hei everybody

in the site ICOrating.com, there are some ICO listing company. How to invest in them or how to add to ICO. Thanks

romec1701

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was DIMCOIN a scam? I cannot see my coins nor trade them?

Wingo

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Always do a research or ask people who has an idea about the reputation of the particular ICO, also read the whitepaper of the ICO. Almost 90% of the ICOs are scam so better watch your step when investing in one.

AiloveYouks21

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Quote from: Freedom Force on September 12, 2017, 01:30:31 AM

The only way to know if it's not a scam, is to see if they have a working product, or at least a prototype of it. See the quality of the code, or ask an analyst to do this.
Most ICOs have only a white paper. This may not mean it is a scam, but a potential bad investment.

right, look at what has been done by the project developer team that you are interested in because it will be seen if a project is the right goal then they must have made a good result program is still beta or already running.

yanto@1977

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★Bitvest.io★ Play Plinko or Invest!

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...

We can check from their communication with members at social media ( FB, TW, Telegram ) and also their performance day by day. Their communication channel is the easy way to check how they built trust with members. If there's so many members problem can't solve by support team ( cs ) that become main indicator not to replace your money with their project. After that you can see their performance from news update and how much fund they get. That all and thank you.

yugyug

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if the the icos pre tokensale accept cash as payment or through credit card and not on cryptocurrency payments like ethereum or bitcoin, that ICOs are suspicious and not only through whitepapers, roadmaps and dev teams we could check its legitimacy but also their engagement to other notable establishments or some partnerships with mainstream media.

Freedom Force

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Byteball: DAG, Built-in Chat, Conditional Payments

The only way to know if it's not a scam, is to see if they have a working product, or at least a prototype of it. See the quality of the code, or ask an analyst to do this.
Most ICOs have only a white paper. This may not mean it is a scam, but a potential bad investment.

Kocret02

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Buzz App - Spin wheel, farm rewards

I recommend to check the whole of the project if you want to avoid a scam. from start whitepaper, internal team members. if the whole check and it was convincing maybe the project is arguably not a scam and ready to follow to participate.

Taskford

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Sad to say but for me it is hard to tell if an ICO is a scam because they are now smarter and they are just posting good things about their ico and most of them had a very good introduction of their product or coin and that makes other people invest on their coin but for me, it is better to just be careful in investing in ICO because sometimes we don't know if it is going to turn out as a scam or not so just invest what you can afford to lose.

Herdirfauzi

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according to your questions and statements I will answer it, with the recent frequent occurrence of ICO which turns out they are cheats. I am also really confused to find a gap that can prove that ico is scam, maybe my advice we have to look in detail about it from the team and their social media accounts. by looking at their team's preview of the truth of the ICO they are building.

aaroc90

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Something I found very helpful was joining their telegram/slack channels. I feel nowadays people tend to ask more specific and detailed questions to make sure the team are legit/have a plan.

I think it gives some valuable info by looking at the teams responses and by the questioners response to the answer! Even if you don't know what questions to ask yourself, observe others Grin

Backupnime

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homt.net

Quote from: Josepht on September 11, 2017, 04:06:05 PM

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.

i see, thanks for your info

icobits

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Campaign Manager - PM

If they are using a fake pictures,

its easy to spot fakes ones, No real company startup will use a picture of their CEO with a beach background

Since they cant afford to hire a photographer why would you invest with them? if they cant spend or invest on their own

nomenclatur

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Quote from: uztre29 on September 11, 2017, 09:18:18 PM

Check the whitepaper. Whitepapers explain how their platform works specifically. This includes simulations, specifications, calculations, and charts. If that project doesn't provide explanation on how their project works, do not ever trust that ICO.

Look for the team. Look who's behind the project. The members of the team should be well-known or have joined previous projects.

Don't get fooled by buzzwords. They may sound great but if you actually understand it well, it's just full of empty promises.

Aside from what you mentioned, I always see the project in detail from the location and in common with other projects, I am not following a very unreasonable project like skyway and many others, the number of small campaign participants is also an indication of distrust and failure/scam, but does not always have an effect if dev is always active giving updates. We can not predict 100%, but at least can speculate not to get stuck with promotional bonus when ico and finally experience a scam.

Topic: So many new ICO, how to check if it's scam? - page 40. (Read 14816 times)