I already lost one bitcoin during some stupid ico which was named iintcoin.
When I look back I figure out the dev team was unknown and there were no escrow service.
And no smart contract.
So I guess there were enough red flags... be careful with scams !
Topic: What are your Red Flags? - page 2. (Read 337 times)
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
What makes you red flag a project?
For me biggest red flag is team. If team is professional then it's worth to buy and HODL. If dev team is so good then surely they will work and give to community a good product. A little lie can ruin everything
Now for me the first and the huge red flag is when the team leading an ICO dont have escrow. It means they can do with gained money whatever they want. It is not the main thing in the project, but if I see escrow - I can say that project will hit its goals
First of all a website design and UI interface - it is very simple to check and the first I actually do;
Than i check the uniqueness or usability of the idea, roadmap - if this criteria don`t match - Red flag)
Than i check the uniqueness or usability of the idea, roadmap - if this criteria don`t match - Red flag)
Lack of transparency, poor quality website, too simple whitepaper, suspicious or no details about team members and low use cases of the product or service are considered red flags for me.
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
What makes you red flag a project?
Hidden team identity, this is a factor to stay away. Bad whitepaper and business documents. Weak project concept. Applicability could be low and this would be an indicator also. Then you should look for a demo product.
When a coin doesn't have a clear purpose, and newbie devs with many newbie accounts supporting the thread.
That will be ICOs without a really cool idea and ICOs which just make another copy from ICOs which has already ended and had a great success.
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
[/quote]
For me the red flag are the following signs:
1. funny name token,
2. Poorly designed subject to BTT,
3. well, the bad reviews and comments that cannot meet the creators.
What makes you red flag a project?
[/quote]
For me the red flag are the following signs:
1. funny name token,
2. Poorly designed subject to BTT,
3. well, the bad reviews and comments that cannot meet the creators.
Usually once I see them start promising large gains i'm out. It's clear at that point what their only intentions are.
My red flags are badly writer white papers:
This shows that the team couldn't even put enough effort into highlighting the best of their ideas.
Whitepapers that are all words and no discussion on technical details:
This showcases that the team's work probably can't do much in terms of developing the project they envision themselves.
No code samples or minimum viable product to showcase:
This again is indicative of the team having little technical knowledge. It shows that the team is waiting for funds to get anything done.
This shows that the team couldn't even put enough effort into highlighting the best of their ideas.
Whitepapers that are all words and no discussion on technical details:
This showcases that the team's work probably can't do much in terms of developing the project they envision themselves.
No code samples or minimum viable product to showcase:
This again is indicative of the team having little technical knowledge. It shows that the team is waiting for funds to get anything done.
If the developers doesnt want to show themselves,if they have no previous successful projects,or they arent credible or if the project is too good to be true that are my basic things to find before thinking to join,but if one of these doesnt meet i will never support the project,roadmap or the whitepaper must be good too if you asked me.
Read this topics: https://bitcointalksearch.org/topic/red-flags-for-me-not-to-invest-into-ico-2109970 - red flags for ico
https://bitcointalksearch.org/topic/how-to-spot-an-ico-scam-1678127 - how to spot an ICO SCAM
https://bitcointalksearch.org/topic/how-to-know-if-the-ico-is-scam-1963768 - How to know if the ICO is scam
Use search button and google, you can find plenty similar topics.
https://bitcointalksearch.org/topic/how-to-spot-an-ico-scam-1678127 - how to spot an ICO SCAM
https://bitcointalksearch.org/topic/how-to-know-if-the-ico-is-scam-1963768 - How to know if the ICO is scam
Use search button and google, you can find plenty similar topics.
It's hard to judge ICOs that appear to have a decent team behind them. You can't simply trust a listing of team members with "real" names because LinkedIn profiles are easy to create for fake people.
How do you decide for certain that a team is "good"?
How do you decide for certain that a team is "good"?
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
Same as yours,red flag for me is on when I do see the team isn't experienced enough or just starting up on handling crypto projects but doesn't mean I wont really give some consideration this is sometimes intuition would set-in and when I got convinced when I do read up their WP. If do find out that it is just an ordinary or common WP which most projects do have.I do easily skip and find another one. I wont really risk my money if I do find out if a certain project isn't really worth at all. What makes you red flag a project?
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
What makes you red flag a project?
You spoke of some good ones, some of the most obvious for me are simple discrepancies, so often I see different prices on website compared to announcement thread or things like that. It tells me either one of two things are likely true, either they're not professional enough to double check everything and that doesn't bode well for the future, or they are just a scam.
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
What makes you red flag a project?
Bad communication from the team (untransparent).
No team disclosure.
Large hard caps.
Very high bounty rewards with agressive marketing.
If the dev team is not willing to put themselves out there, buy publishing their names, providing their previous experience and so on, leads me to think something is fishy. Also, the ANN thread has to be visually pleasing as well. I know the contents of a whitepaper is more important, lacking professionalism and visuals in the ANN thread may indicate that the team is not taking everything related to an ICO seriously enough.
There are many threads that ask for advice to select good ICOs, but it is as important to discard the bad ones. For me the "red flags" that lead me to run away are teams that are not experienced, rates that are not adjusted to the price of ETH or BTC and undisclosed term for private sales.
What makes you red flag a project?
What makes you red flag a project?
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