Topic: What are the first red flags those catch your attention in an ICO profile? (Read 63 times)
June 02, 2018, 02:54:36 PM
For me some of the red flags are; if the team profiles look empty or fake, secondly if the ico guarantees returns to ico investors or project big roi to their investors thirdly if you find anything copied from some other projects website or whitepaper then it is also a red flag.
June 02, 2018, 02:44:29 PM
yep perfectly said i generally can make out if a program is scam if they ask for too much information. I generally keep away from projects that ask me to share stuff on facebook as it really is a personnel platform ...and ofcourse the things you mentioned ..
June 02, 2018, 02:35:18 PM
Here are some ICOBench experts, and here is what they think:
Another red flag is if there are many ‘big names’ advisors in the team profile. Most of them are there just to show off.
I also want to know if there are an existing platform and project history on GitHub.
I check if the team members tell about the project in their LinkedIn profiles. If they don’t, it’s a big warning for me.
If there are scam accusations on the project thread on Bitcointalk it is also a red flag.
no legal and compliance terms, and the project didn’t propose potential compliance issues resolutions;
no product; no relevant real-life business experience.
bad team profile and
no clear summary or abstract of the project. If I see all this in the ICO profile, I just reject to review it in details, as to me it means that the project team didn’t take the preparation seriously.
What do you look for in an ICO when investing or shilling or doing its bounty?
- Luca Cotta:
Another red flag is if there are many ‘big names’ advisors in the team profile. Most of them are there just to show off.
I also want to know if there are an existing platform and project history on GitHub.
I check if the team members tell about the project in their LinkedIn profiles. If they don’t, it’s a big warning for me.
If there are scam accusations on the project thread on Bitcointalk it is also a red flag.
- Nikolay Zvezdin:
no legal and compliance terms, and the project didn’t propose potential compliance issues resolutions;
no product; no relevant real-life business experience.
- Jason Hung:
bad team profile and
no clear summary or abstract of the project. If I see all this in the ICO profile, I just reject to review it in details, as to me it means that the project team didn’t take the preparation seriously.
What do you look for in an ICO when investing or shilling or doing its bounty?
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