Ways to identify ICO scams - page 5.

colenax

full member

Activity: 376

Merit: 100

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Quote from: Latrix on January 09, 2018, 09:07:16 AM

Guys, do share your tips on how to identify scams. To widen the knowledge for people who are honestly trying to invest and gain earnings with their hard earn money!

usually ico who has an abnormal promo often leads to a scam. Yes, experience and research is what you should do. it's hard to tell the difference, the point is you still have to involve knowledge and experience.

whaawh

sr. member

Activity: 714

Merit: 251

Quote from: Maet1212 on January 12, 2018, 11:51:54 AM

I typically keep an eye out for people buzzing about ICO's on this forum. It seems like if enough long-time members are excited about a project, it's pretty likely that they've done their homework and found the project to be worth looking into.

in most cases, many old-timers rely on their intuition, and how they can determine the project's prospects. I, too, many times draw attention to the actions of the legendary or heroes of the participants, I explore their example. But you need to learn more about the selected projects, and learn to analyze and make choices yourself.

Maet1212

newbie

Activity: 35

Merit: 0

I typically keep an eye out for people buzzing about ICO's on this forum. It seems like if enough long-time members are excited about a project, it's pretty likely that they've done their homework and found the project to be worth looking into.

misterj

full member

Activity: 434

Merit: 100

I think one of the ways to determine if an ICO is a scam is through identifying the person managing it. If the bounty manager has negative trust then most likely it does an illegal or bad thing to obtain it. If the bounty manager is a newbie then it would be hard to identify if its for real or a scam this would push you to know the person or the team behind that ICO. If those team or individuals has negative comments or reputation then most likely their ICO is also the same as they were.

SexySexyYeah

newbie

Activity: 59

Merit: 0

Thank you fo sharing guys

Crumple Cat

full member

Activity: 364

Merit: 138

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It is better to learn to identify the coolest projects. And then the task of identifying the scam projects will disappear by itself

But in general, of course, we need complex systems and tools that will identify scams at the earliest stages.
There are several ways for this, but this is a separate topic.

carlowell

member

Activity: 168

Merit: 10

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One of the worst things in an ICO is when the company has no assets and cannot even find their own ICO.
I mean, God ICOs can hire good bounty campaign manager and have more resources on advertising their ICO into social media like Twitter, Facebook, YouTube and much more.
Bad ICOs are managed by low ranked forum members like Newbies and Jr members. That's the first I want to consider before joining signature bounty campaign.

jakelyson

legendary

Activity: 2240

Merit: 1069

Seriously, it is becoming harder and harder to identify real projects/ICO from scam ICOs. Scammers are getting smarter and they can easily mimic a real project and keep you in until the very last moment they turn into a scam. You can follow the guidelines given by those above but the real trick is to be real active and watch carefully the devs and admins of the project.

JMD07

member

Activity: 378

Merit: 10

Yeah it's difficult to determine if it's scam or not.
For me, I will do some research base on ico reviews it's available online. Many websites are doing some reviews. You can have ideas from them how the project goes, also they give ratings I think the highest is 5.0.
It's a good help to decide where you want to invest your money in ico.

itf991

sr. member

Activity: 392

Merit: 251

I agree with most of the previous comments to follow social media, reading whitepaper thoroughly. Research CEO and team's portfolio. If there was something dodgy then it would pop up on Telegram IMO. To give you an example Signatum turned out as a scam. Discord channel went quiet. CEO went missing within an excuse of vacation. Very first signal. Communcation channel to follow projects is a must. Scumbags can trick many investors but not every single one.

magpie_lover

jr. member

Activity: 182

Merit: 8

Check the team members & their credentials. Find them on websites such as LinkedIN & compare the credentials given there & on the website. Read the white paper & flag events that don't add up.

LSt56

full member

Activity: 392

Merit: 100

Quote from: Latrix on January 09, 2018, 09:07:16 AM

Guys, do share your tips on how to identify scams. To widen the knowledge for people who are honestly trying to invest and gain earnings with their hard earn money!

try to check the web page, whitepaper, and also the ICO social media. usually if the ICO is a website fraud and their whitepaper will be a little confusing and also their social media will rarely update information, especially telegram.

semobo

full member

Activity: 1498

Merit: 146

The project without proper whitepaper and project teams are the signs of scam ICO so you need to do research about the project before doing any investment.But the best project teams have many advertisement platforms on social media,websites and in forum also so you can identify good ICO with these also.

Latrix

full member

Activity: 137

Merit: 100

thanks guys! your advise and tips to identify a scam ICO might be helpful to those who just started their journey in the crypto-world. Cheers mates!

sangkler11

full member

Activity: 406

Merit: 103

it's very difficult to identify scams, but in the following way will be helpful

1. read and understand about their whitepaper, see about they project and roadmap.
2. View they Team, find out about them in Linkedin
3. Join in the community like telegram, reddit, in here you will know more clearly about the project

Don't be easily attracted by huge profits

KristineNguyen

newbie

Activity: 37

Merit: 0

There is so many signal like: big bonuses, hidden Dev team and Fake Advisors, poor website;
You always need to join in social media group like Telegram, Facebook Group, Discord.

omitusaf

full member

Activity: 280

Merit: 102

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The purpose of the project. Always ask yourself why the project is launched, what benefit will it give to people?
Also look at the strength of the team, whether they're on LinkedIn. I make it a point of duty to check whether the team members are actually involved in the project on their LinkedIn page.
Other things I look at are the white papers, grammar (if there are much typos, I get very skeptical) and the quality of the website.

loaddebitcard

hero member

Activity: 672

Merit: 500

To find a good ICO you have to first of all look at project's goals and team. Goals should be real and demanded by society. Team should consist of professionals and people with clear and decent background. Also project's roadmap has to provide the information about the development plans. If these rules are not followed a project is usually a scam.

Baltior

member

Activity: 147

Merit: 11

OpenMind y amante de la tecnología Blockchain

I like to have a look at this page. Sometimes can help you a bit.

https://icobench.com/

markers

full member

Activity: 350

Merit: 106

Actually it is not always the case that it requires a lot of efforts to identify scam projects. A poor website, frequent grammar mistakes in marketing materials, project team without track record, etc are all signs of shitty projects. All you need to notice these signs are time and attention.

Topic: Ways to identify ICO scams - page 5. (Read 694 times)