What is the way to understand scam ICO? - page 3.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: Vit83 on March 09, 2018, 10:02:15 AM

IMHO first of all team must be checked if these real persons or not. If they have social activity for a long time I don't think they will run with your money on islands;)

You can sure do a personal research on the people behind the ICO and do a background check on them is a good start in learning if the ICO is a scam of not, But I think the most important will be the hype of a certain services and products of that ICO if the ICO will be successful with there pre-sale is really impossible to predict, Well I am saying this because if a certain ICO would not make a success they might tend to drop the project.

Vit83

full member

Activity: 644

Merit: 100

IMHO first of all team must be checked if these real persons or not. If they have social activity for a long time I don't think they will run with your money on islands;)

svobodnyi

member

Activity: 308

Merit: 10

Now there is no reliable way to determine this. Very high quality make fakes.
Of course you have to look at the quality of the site, the idea of how ICO is conducted, but this may not be enough. So until the end of the ICO it is often not clear whether the company is normal.

Klovezio

member

Activity: 350

Merit: 11

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

Hi, in my opinion, if they talking about how much money you`ll make , its a scam ICO bounties. Only scammers promise big returns.

SnapFX

jr. member

Activity: 588

Merit: 1

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

Now it is very difficult to distinguish scam ICO from truthful. It is necessary only to rely on an intuition.

Kosscoin

member

Activity: 392

Merit: 11

Quote from: bhantom on March 09, 2018, 05:02:11 AM

A lot of ico’s projects are scam. First the most important thing is look how fast you can get tokens from it. Because minimum time to get profit is few months, not weeks. So you can find good ico project looking on profit

There are a lot of factors and there is not one that will help you determine what the project is, you need to look at the design of the project, the team on the white paper on the manager and only than join to the project. But even this will not give you a 100% guarantee that the project is not a scam.

Fippy

full member

Activity: 252

Merit: 100

UNCLOAK™ - Cyber Threat Detection Powered by EOS™

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

You need to make some kind of investigation, to catch scam ICO. First of all you need to check project team and advisors, check profiles in social media pages and write to them or make voice or video call. If they dont wanna contact with you , need to run away from that kind of ICO.

bhantom

sr. member

Activity: 673

Merit: 253

A lot of ico’s projects are scam. First the most important thing is look how fast you can get tokens from it. Because minimum time to get profit is few months, not weeks. So you can find good ico project looking on profit

YAlex

newbie

Activity: 63

Merit: 0

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

Come watch this white paper, read...preferably 2-3 times to understand. In General, better off, get some crypts, a top 100 pick and sit on the priest exactly. I did so for example in 2 months x3.

Art 111

full member

Activity: 574

Merit: 100

🌑🌑🌑🌑🌓

Sometimes scammers make very simple mistakes - they use photos of people from social networks. There are services that allow you to find a person from the photo. You can use this service and understand this. This is one of the simplest ways.

sksshopee

newbie

Activity: 176

Merit: 0

Ways to Spot a Scam ICO
Does the company have a business plan? Read the whitepaper.
Is everyone getting rich but you? Follow the money
Who’s on the team? Look for entrepreneurial leadership and a solid crypto team.
Do you believe in the idea and its potential? There must be a great underlying product.
Is the ICO regulated? Regulated ICOs are safer.
Are you blindly following the crowd? Don’t be a sheep.

sazon84

full member

Activity: 336

Merit: 100

If the project team is hidden, then this already deserves a thorough ICO check before investing. The poor quality of the site also leads to suspicion. It is important to look at the team's answers to questions about the project. If you do not like something, then it's better not to invest in this ICO.

jeffryluna

newbie

Activity: 82

Merit: 0

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

Always look at the team, are they trying to be anonymous. I'd understand if there is one or two who decides to be, but you should atleast know who's behind the project and research about them.
Try to find news about them being linked with the company you are about to join in.

Next is their product, do they have a product already, working, can be tested etc. or are they a start up. MOST startup companies does not have a product yet and the money they will get from the ICO will be the source to prove their concept so the whitepaper is nothing but a whitepaper. BE CAREFUL in joining those, look for real use cases, and again who is behind the project, are they know succesful folks? Hard working? do they have a portfolio of the succesful projects they've been in.

At the end of the day the cryptoverse is all about people, invest in people behind these ideas and make sure you are in it to win it.

Beware of to good to be true ICOs., companies that guarantees revenue on day 1 without any product that is just plain worthless. Be careful out there my friend.

Nagricoin

jr. member

Activity: 294

Merit: 2

For me - its a check to team, MVP and documents and business model.
If this people create something more than promises - I hope they plan make real things after ICO)

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

You must do a lot of audit to catch the scam ico. If you are seeing myriad project which has been used fake identity of other person from youtube. If you are not only just following it but try to learn more about it. There are some points must need to be considered as a good measures. Started from try to identify ico's creator. That becomes a responsibility for those ico investors.

livingfree

hero member

Activity: 2996

Merit: 580

Hire Bitcointalk Camp. Manager @ r7promotions.com

It's hard to identify these scam ICO's but at least find always those reviews about the ICO that you are interested. I'm sure that everyone wants to help others by identifying if these ICO's are helpful and scams so there are blogs that are giving ideas and free reviews for the potential investors. Also check the profile of those people involve in that ICO and that makes the project less interesting if these people are using fake identities.

tot-o

newbie

Activity: 210

Merit: 0

They start by showing their token price or value first in order to attract people, of course if the coins is worth one dollar or more, anyone would like to have the token to hold, and what more if they get 50% discount in per-sale date, sound good isn't it, sometimes you don't have to read their paper to determine they are scam, intuition of people work sometimes too.

vaso11

full member

Activity: 322

Merit: 100

Deal Coin - P2P Lending Eco-system

Quote from: Hasan986 on March 08, 2018, 04:15:04 PM

We see many scam ICO bounties in the forum. But there is no way to understand what is Scam, which is not Scam. Is it possible to catch anything by following it? Huh

Many projects show that they are crooks. There are a lot of factors here, of course you can not guess the ideal but you can reduce the chance of getting scammers to a minimum.

qomariah95

full member

Activity: 1190

Merit: 100

Of course you can see from various aspects. Suppose you can see from team, vision, mission and teamwork in a project. Because of the good ICO that the teams are always active to attract investors. If you can judge from there you may know which ICO scam and ICO are really serious.

jacaf01

hero member

Activity: 742

Merit: 500

The revolutionary trading ecosystem

I think what most people fait to do is to see bounty campaign as an investment, if you see it as an investment, can you just throw your money into any project that doesn,t worth investing, so before you join any campaign research it as if you want to invest into it, more scam ICO will still surface in the space

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