Topic: Strategy: how to avoid fraud and pick less risky initial coin offerings (Read 100 times)
April 01, 2018, 04:55:50 AM
There are several factors to check when evaluating a good ICO. The usual factors of the roadmap and development are important, but to really prove it's real the CEO should be a public figure and get an interview on youtube. Alternatively, photos in exhibitions showcasing the product will prove it is not a scam.
April 01, 2018, 03:46:04 AM
Searching for ideal ICOs to invest in is a seemingly hard task in a world where there are new projects coming up on a daily basis. Extensive research regarding the project comes as a first with information regarding the the creators of the project, the developers and understanding the growth potential.
April 01, 2018, 02:35:19 AM
Maybe today there are scam ICOs but once it will undergo a legal process no ICO would be a scam anymore. Since all of ICOs depends on blockchain even one company is a scam, there are still some company with same service will continue to make that concept but unlike the other that is not a scam. Those creative proposals of ICOs will be used in the future of the world using digital coins with more convenience.
April 01, 2018, 02:10:07 AM
Sir, I think you are more suitable for investing in Bitcoin or Ethereum. These two coins are products that are less risky and not very rewarding.
April 01, 2018, 12:59:54 AM
You need to do step-by-step ICO, in order to control the results at each stage. This must be done to reduce the risks of investors.
Teams making ICO, need to publish a detailed career portfolio of each of their employees, in order to correctly assess the team's ability to implement this project.
Teams making ICO, need to publish a detailed career portfolio of each of their employees, in order to correctly assess the team's ability to implement this project.
March 31, 2018, 11:35:59 PM
I appreciate your efforts mate but these are most common ways of explaining the whole process of selecting the legit ICO. However now a days ICO project developers are smart enough to make their background and thus it is the time we need to be one step forward than this otherwise we will not understand legitimacy for any project ever. For now there is only one way to see the sweet fruit coming your way and that's taking the risk to invest in ICO projects which are having lots of investors backing and is being talked about on the forum itself. If that happens then we can be sure to atleast minimise the risk for us. :-D
March 31, 2018, 07:06:28 PM
Well, no matter how you evalute an ICO and it company, there is still a tendency to get scammed by them. There are only few ICOs whose main aim is to contribute, establish and solve a problem using blockchain technology. Others, are just looking to fill their pocket, so its really hard to tell because this companies will take out time and money to setup a company that looks legit to convince people easily.
I agree, I see a lot of ICOs that have no purpose whatsoever, nowadays until white paper are copied from other projects, the team members are people that do not exist. I ask myself: what the hell do people have in their heads that dare to have the courage to lie and steal millions of dollars.
The majority of ICOs are scams...
are many scam ico:
[ICO SCAM] Karbon is just another ICO scam with a bot-posted thread
ShogDite / Let it ride ICO Scam
this collected 460 btc
LUST ICO is a scam.
[ICO SCAM] JBox coin - already ran a failed ICO as an articles platform
March 31, 2018, 05:55:16 PM
I think I can "dance" with a company that has track records, reputation and has been successful in previous products but the thing with ico companies is that they are always new established company maybe for the sole reason of pushing a coin. That makes it more difficult to track previous history of the company as an entity because an individual record does not give me the guarantee except I just want to play the risk game.
almost 70% of ICO founders are new companies who want to get started by moving in the field of crypto in the hope that they will get a big success or even they collaborate just to apply the scam ,, it is very important for us look for reviews about the company because of the many risks that we can be from ICO. March 31, 2018, 05:41:52 PM
Well, no matter how you evalute an ICO and it company, there is still a tendency to get scammed by them. There are only few ICOs whose main aim is to contribute, establish and solve a problem using blockchain technology. Others, are just looking to fill their pocket, so its really hard to tell because this companies will take out time and money to setup a company that looks legit to convince people easily.
March 31, 2018, 04:43:37 PM
I think I can "dance" with a company that has track records, reputation and has been successful in previous products but the thing with ico companies is that they are always new established company maybe for the sole reason of pushing a coin. That makes it more difficult to track previous history of the company as an entity because an individual record does not give me the guarantee except I just want to play the risk game.
March 31, 2018, 01:48:49 PM
this search requires a lot of research and exercise caution, personally i think you should look into something which is well documented, you can find a good number of people, not really shillers, but 'academia' talking about it, you can look into the transparency of the team, website, project in general. If a project gets a mention from someone with a solid reputation, there is a good chance that project is not risky. also you need to engage the team and not rely on third party information. sparing a few minutes is not much if you are going to invest your money
March 31, 2018, 11:43:43 AM
ICOs, or initial coin offerings, is a crowdfunding way to raise funds for cryptocurrency ventures.
ICOs, a still-unregulated means of raising money in its "modern form," have been around for less than a year and thus are an attractive way for start-ups to raise capital while bypassing regulations. (the knowledge about ICO and cryptocurrency has been mentioned in previous articles in FuninUSA)
The majority of ICOs are scams, but it's still a booming business. They're incredibly risky early stage investments. Scrutiny from regulators, such as the U.S. Security and Exchange Commission, over ICOs is increasing. Meanwhile, bitcoin and other cryptos are falling fast. Also, internet companies, such as Google and Twitter, have banned cryptocurrency ads on their platforms.
It’s hard to evaluate the ICOs investment. That's expertise that very few people have since the industry is so new. The regulation is coming. And what an investor can do now, is to determine if an ICO is worth putting their money into. This includes evaluating the integrity of the company, the technical team and what products the company has built in the past. This strategy really helps you determine if the sale will help you finance a company that builds something meaningful, or if they're just raising money for the sake of raising money and going to run away with it. (recommend FuninUSA bitcoin forum for more discussion about comprehensive aspects of cryptocurrency )
ICOs, a still-unregulated means of raising money in its "modern form," have been around for less than a year and thus are an attractive way for start-ups to raise capital while bypassing regulations. (the knowledge about ICO and cryptocurrency has been mentioned in previous articles in FuninUSA)
The majority of ICOs are scams, but it's still a booming business. They're incredibly risky early stage investments. Scrutiny from regulators, such as the U.S. Security and Exchange Commission, over ICOs is increasing. Meanwhile, bitcoin and other cryptos are falling fast. Also, internet companies, such as Google and Twitter, have banned cryptocurrency ads on their platforms.
It’s hard to evaluate the ICOs investment. That's expertise that very few people have since the industry is so new. The regulation is coming. And what an investor can do now, is to determine if an ICO is worth putting their money into. This includes evaluating the integrity of the company, the technical team and what products the company has built in the past. This strategy really helps you determine if the sale will help you finance a company that builds something meaningful, or if they're just raising money for the sake of raising money and going to run away with it. (recommend FuninUSA bitcoin forum for more discussion about comprehensive aspects of cryptocurrency )
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