Topic: Ways to identify ICO scams - page 4. (Read 694 times)

Just some of the tips to detect scam:
- Anonymous or unknown developers;
- Whitepapers with unrealistic goals and "Oxford English professor" language;
- Unclear token usage

You can't always rely on their websites because anything can be copied from anywhere that's why we to check their integrity because good ICOs have good reputation, they could hire good and skilled developers, they could hire experienced bounty campaign managers, they have a very strong community in social media and or telegram.
Good ICOs can be found on Facebook advertising and in other popular social media.

The first thing I do when spotting a good ICOs is when their announcements and bounty campaigns are being managed by higher rank members of this forum because good ICOs are paying good money for their ICO to an experienced bounty campaign managers and good ICOs have good funding.

#1 best way to spot ICO scams is to look at their ratings & reviews on websites like
https://cryptorated.com

Good luck!

It is quite hard to identify scam project nowadays. Scammers become more and more experienced. They prepare all project really good. But, to try avoid make like all previous commenters said. Read carefully whitepaper and roadmap of project. Check licences where possible. Check team, try to find them in Linkeldin/Facebook, check history of CEO and other top managers, take a look when public profile was created. If you doubt, better not invest - trust yourself. Good luck with ICO´s 

To check legit ico check all there information. The website if it is very constructive,the community,people behind that project you can check there linkedin and also there social media community if it is active.

The best ways in my opinion how to define a scam is to study a project, as well as to analyze their site and analyze the code on git. Also, if the project has an alpha version, it already says that the project is probably not a scam. But all these actions still will not give you a guarantee

What I do to avoid losing money or wasting time HODLing some coins that wont grow (not necessary scam)

1) Avoid project from certain countries (ahem)
2) Browsing through my Facebook newsfeed, most of the time those scammy ICO will pop up as sponsored post. With headlines and beautiful graphic promising XXX% return within XX period, BONUS + 9999% during first day sales, backed by president of the moon, we are the first/here to break/here to revolutionize, yaadaa yaadaa all the beautiful promises that Ponzi/Scam MLM normally uses to attract sucka
3) Invest in ICO that already has running business (very limited, 99.999% of the ICO now are 'REVOLUTIONARY thing')
4) Read whitepaper, ask yourself question like, this is business model viable (or do they even have a business model to sustain their own business, which a lot of ICO can't answer you). Try asking, at what price, what business model, how they going to sustain their business, pay the salary and shiats, they can't answer you.
5) If it is too good to be true, it is too good to be true. Maybe things like 'revolutionary social media platform, we gonna overtake Facebook in 7mths after our launch of platform', we will get all their users to move to our platform, we gonna play tons of ads and earn from it and all profit goes to YOU, our dear investor.

There is not any way to identify scams , even in real world , you can not identify all the scams .

YOU CAN SEE IT FROM THE WHITE PAPER , WHEN READING WHITE PAPER WE CAN SEE THIS PROJECT REALISTIC OR NOT. FROM TELEGRAM GROUP YOU CAN SHOOT QUESTIONS TO ADMINS THEN ALSO YOU CAN GET AN IDEA. DO NOT TRUST WEBSITE, SOME ARE MORE COLORFUL WEBSITES THERE BUT THE THING IS THEY ARE SCAM. YOU CAN GO ICODROPS THEY ARE PROVING SOME GOOD ICO'S. BUT DO YOUR OWN RESEARCH

I will search for the academic degree of the founding team, because we can judge whether the project is fraudulent or not.

Scam ICO will come up with improper development team and whitepaper so it is better to read out their whitepaper thoroughly then you will get clear idea about the project.The scam ICO will not be run buy a reputed manager of the forum because they will do complete research about the project before managing it.That's why there are lots of campaign ran by new members who are calling themselves as bounty manager.

If any information on the site, whitepage...you found that lie, 100% that ICO is scam

We can't actually predict what is the run of ICO's project even though they have a whitepaper and a road-map but if they decided to left their project if they are going to hit the quota of ethereum being collected they do. So, therefore i can say that you may choose those who bringing or manage the whole bounty/signature campaign with high reputation manager already not by a newbie or a member who has negative trust mark on his profile.
Having a solid team i one of the factor to avoid scam ICO's project.

ICO scam  can't be really identified but the best way is to avoid altcoins with high bonuses and also look into the background and rating of the builder.   

One guy here on the forum found detailed information about the founders of IСO, which showed that they are scammers. According to him, the information is available. The links were open. Thus, information can be found if you try. In addition, this guy was offered to make such a service and monetize it. I do not know if he thought seriously about this, but it would be very welcome. It is better to pay a little for the information than to lose a lot of money invested.

It is really hard for me to identify if a project is a scam, I just rely on my gut feeling about it then I do some researching about it to confirm my doubt. Usually, if an ICO is offering a huge amount of bonuses and you see that it is so good to be true, then it is mostly a scam but if they can prove their claim then you are in for a good project. It would be best if we could identify scams easily so that we can avoid getting scammed in the future.

My tips is simple:  just follow Ian and some professional ico investors  That is the best way to choose the right ico to invest.

Mere checking through all the social media accounts of the ICO will tell much about the ICO. The posts on their social media page will let you know if its scam or not.

hi guys,
What is the main creteria? lack of the white paper?