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Title: How to know if the ICO is scam Post by: Palider on June 12, 2017, 07:21:44 PM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not.
Title: Re: How to know if the ICO is scam Post by: Dude.Lebowski on June 12, 2017, 07:49:44 PM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. Most likely if it says ICO. There is no need for any more cryptocurrencies. Multiple thousand are already too many. Title: Re: How to know if the ICO is scam Post by: Marsipos on June 12, 2017, 07:51:17 PM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. Most likely if it says ICO. There is no need for any more cryptocurrencies. Multiple thousand are already too many. I absolutely do not agree with you ! There is great projects that have been able thanks to ICO, and at the inverse of you pathological pessimism, I do believe that there will be many more in the future. Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 12, 2017, 07:59:58 PM If someones launches one then it's a scam.
They are scammy BY DESIGN. Not sure why this is so confusing for you all to wrap your head around. Title: Re: How to know if the ICO is scam Post by: renes on June 12, 2017, 08:33:21 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ?
Title: Re: How to know if the ICO is scam Post by: Marsipos on June 12, 2017, 08:37:36 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? That is why escrow exist. I truly love ICOs, they are great way for project to come to life. Without them, Ethereum, Waves and many other great projects would not have come to life ! Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 12, 2017, 08:41:18 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? That is why escrow exist. I truly love ICOs, they are great way for project to come to life. Without them, Ethereum, Waves and many other great projects would not have come to life ! Bullshit. For example the scammer from BlockNET who got a million dollars for his scam ICO stated that he had 75% of the code done before he posted here. ..you noobs repeat the same bullshit. ::) Tons of coins were launched far before any ICO crap came along. ICO = SCAM Investards.. If Satoshi wanted to make Bitcoin an ICO he would have. Do you noobs know who that is or do i have to explain that to you also ? Title: Re: How to know if the ICO is scam Post by: klarki on June 12, 2017, 08:58:54 PM At the initial stage, it is very difficult to do.
Title: Re: How to know if the ICO is scam Post by: Pfizer on June 13, 2017, 12:37:08 AM There are several ways to understand if a ICO is scam. Try to investigate their team members if they're real people. Try to use scam monitors design for crypto projects. Try to understand their whitepaper if there is inconsistency.
Title: Re: How to know if the ICO is scam Post by: Argon2 on June 13, 2017, 02:10:38 AM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. All ICO's are scams including Ethereum.Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 13, 2017, 05:07:45 AM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? That is why escrow exist. I truly love ICOs, they are great way for project to come to life. Without them, Ethereum, Waves and many other great projects would not have come to life ! Bullshit. For example the scammer from BlockNET who got a million dollars for his scam ICO stated that he had 75% of the code done before he posted here. ..you noobs repeat the same bullshit. ::) Tons of coins were launched far before any ICO crap came along. ICO = SCAM Investards.. If Satoshi wanted to make Bitcoin an ICO he would have. Do you noobs know who that is or do i have to explain that to you also ? 100% this. The noobs don't know that many coins came out before any ICO crap was done. It is not NEEDED ..making devs rich paying him vast amounts of money up front. And i hope to get people to think twice about this stuff. Give it some thought. We all should be thinking about how they work and not so much about how much we make from them. Which is why i posted what i did earlier yet again. I want to be provocative and get people thinking. It's not that i want to force people to think a certain way but to get them to come to their own conclusions independently.. even if they end up disagreeing. For example would you accept a premined coin as acceptable ? What 2% ? 50% ? 100% ? Technically an ICO is a one hundred percent premined "coin" or most often a scheme of sorts that is not even usually a "currency" Why should crypto supporters tolerate users flocking here to buy any scammy bullshit for profits ? You show up here but are not helping things.. you are making things worse. Title: Re: How to know if the ICO is scam Post by: jd8511 on June 13, 2017, 12:42:48 PM Do some reasearch on the team member to confirm if they are reputable people. I think this is the best way.
Title: Re: How to know if the ICO is scam Post by: meliodas on June 13, 2017, 05:30:19 PM You must rely on your instinct to know which ICO can give you profit, than finding where is the scam project, all ICO's are scam and all of them will run after they get MONEY from US, there a lot of coins produce on past that doesn't do a ICO, Here in forum there are many ICO and totally all of that was scammed and we keep promoting it for earning and that's the reason why INVESTOR in the ICO's lose money ? Because of us, afterwards the coins will be dead.
Here is what I'm saying, We are just the people who needs to earn money without taking risk and in that case we help ICO's get money and scammed there investors in this forum, There are lot of Bitcoin signature campaign why would not pick one ? because it cannot produce lot of money than ICO, Yah, that was right. We are just being person who needs money that we all can't get free, If you join ICO there is no risk that you will lose money but the investor will have, so you did not need to know if its scam or not because it was totally scam in the first place, pick the good one and do your job. INVESTOR take risk and that's not our fault if they lose because they have there own mind which may use wisely. Title: Re: How to know if the ICO is scam Post by: Palider on June 13, 2017, 05:42:01 PM Thanks for those user, take a time to reply and comment on this topic, now i know what is the right thing to do in the ICO's and other project there. I don't want to join ICO but i need, because of financial problem, i think its not our mistake if ico run after. When the time that i have the money and i not experiencing financial problem anymore, I assure all of you guys that i will never promote any ico again.
Title: Re: How to know if the ICO is scam Post by: Sameffkakkare on June 13, 2017, 06:34:20 PM diffficult to predict in earlier stages...
do check for good developers backed by Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 13, 2017, 07:44:37 PM There are several ways to understand if a ICO is scam. Try to investigate their team members if they're real people. Try to use scam monitors design for crypto projects. Try to understand their whitepaper if there is inconsistency. You say that because you are usually poor little greedy immoral children from 3rd world countries with no integrity looking to buy your first pair of shoes (each sold separately) I grew up in Canada and watched the USA lots. The old Water Filter scam for example is similar to most coins and ALL ICO's. It is the method of operation.. scammy ! The scam i mentioned was so well known that i seen people IRL hooked into it.. I also seen an episode of the TV show King of Queens that featured Doug getting suckered into one. Those water filter scams operate in a similar way as any & all ICO schemes. They are not regulated and they are not companies you are buying into. If you bought a stock would it pay dividends ? Is your coin ? It should.. Because not only what i said above but the ICO concept rapes the ideology of Crypto. It is essentially a 100% premined coin controlled by a centralized entity.. sold on another centralized govt complaint/controlled entity (The crypto exchange) Know what banks would give to posses the entire max supply of a "currency" for a short time ? Know why they desperately try and get people to open a savings account ? Reality: If you support ICO's then you are a scam supporter. You are then also making all of crypto worse & worse. You are not here helping further the cause of getting a currency made and used. You are here to support shit you shouldn't so you can buy then dump them ASAP for Bitcoin profits. PS: There is a reason why anything like an ICO is forbidden & banned on Kickstarter or Paypal etc guys. They don't allow scams. And you all don't know what a scam is. Title: Re: How to know if the ICO is scam Post by: agatha818 on June 13, 2017, 10:28:21 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. Title: Re: How to know if the ICO is scam Post by: abasinkanga on June 13, 2017, 10:36:18 PM I for one have seen a lot of attractive ICOs, were it not fot this forum thread, i would probably be thinking i am missing a lot by not investing in any of them... But now i dont feel bad at all... Hehehehe
Title: Re: How to know if the ICO is scam Post by: CuriousGeorge on June 13, 2017, 11:14:51 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. Title: Re: How to know if the ICO is scam Post by: CryptoMensch on June 13, 2017, 11:53:56 PM Crappy website
No team/about tab in the website You can't find the team member's names, faces, and/or their linkedins Title: Re: How to know if the ICO is scam Post by: ICOcountdown.com on June 14, 2017, 12:13:58 AM Join here: http://telegram.me/icocountdown
and discuss ICO due diligence. It has freedom of expression and you can ask the developers directly. Title: Re: How to know if the ICO is scam Post by: buenav on June 14, 2017, 12:23:06 AM The best way is to look into the team behind the project and see if they are legit and whether they have known people among them. I also suggest talking to other people in various slacks and here on the forum to find out what other people think.
Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 14, 2017, 02:01:36 AM Plenty of "known" people steal in crypto.
Mark from GOX ? Paul from Cryptsy ? Butters from Ethereum ? ICO is a scam technique. It's a crooked unfair scammy method of starting a digital currency (or crypto related scheme) It is effectively a 100% premined coin.. and would you support that ? You shouldn't.. Anyone who supports any ICO is a scam supporter. Title: Re: How to know if the ICO is scam Post by: doedz on June 14, 2017, 03:02:43 AM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO. Title: Re: How to know if the ICO is scam Post by: sotoshihero on June 14, 2017, 03:29:06 AM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO. This is so true and good hints. Also, the devs or owners are transparent enough with their project. They nay appear in public so that we know them. Also a good tie up from established company add credibility to the project. Title: Re: How to know if the ICO is scam Post by: Casabrandy on June 14, 2017, 03:58:54 AM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO. This is so true and good hints. Also, the devs or owners are transparent enough with their project. They nay appear in public so that we know them. Also a good tie up from established company add credibility to the project. Escrow have been used to know if legit ico's same with it's good to know if the team and devs were easy to ask or cooperative enough for the investor questions. The credibility and feedback should be a anticipated. Title: Re: How to know if the ICO is scam Post by: indika on June 14, 2017, 04:09:18 AM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. as i know if someone said yobit will be our only exchange that is a surely shit coin hahaTitle: Re: How to know if the ICO is scam Post by: Sevvero on June 14, 2017, 08:22:42 AM Plenty of "known" people steal in crypto. Mark from GOX ? Paul from Cryptsy ? Butters from Ethereum ? ICO is a scam technique. It's a crooked unfair scammy method of starting a digital currency (or crypto related scheme) It is effectively a 100% premined coin.. and would you support that ? You shouldn't.. Anyone who supports any ICO is a scam supporter. Well, of course ICOs are a scam and we all know this, but we all also want to buy and flip the scam for 10x profit ;) Title: Re: How to know if the ICO is scam Post by: shenjing85 on June 14, 2017, 12:40:44 PM As for me: No escrow, too much money collected and too many negative discussion on bitcoin forum are main points that I decide not to put my money in. Title: Re: How to know if the ICO is scam Post by: Nanda Dewi277 on June 14, 2017, 12:55:10 PM As for me: No escrow, too much money collected and too many negative discussion on bitcoin forum are main points that I decide not to put my money in. Title: Re: How to know if the ICO is scam Post by: olubams on June 14, 2017, 01:01:54 PM Crappy website No team/about tab in the website You can't find the team member's names, faces, and/or their linkedins All this features you have there are for Noobies scammers who can easily be fished out by those things that are obvious and even someone who is not techie can find out even without too much stress because I have seen several scams carried out that was able to bypass all those and more checks. However, I would say there no sure way to stay away from scams but it can be controlled with being careful and reading the constructive criticisms by reputable members and others with content. Title: Re: How to know if the ICO is scam Post by: xcyd84885 on June 14, 2017, 01:20:11 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? That is why escrow exist. I truly love ICOs, they are great way for project to come to life. Without them, Ethereum, Waves and many other great projects would not have come to life ! Title: Re: How to know if the ICO is scam Post by: anryze on June 15, 2017, 11:26:28 AM To find scam you need to pay a lot of attention to reports and analysis of the project on such site like https://icoalert.com or same sites.
And of course, you need to read White Paper carefully, know what the technology is behind this project, the team behind this project . There are lots of scam now, but really great projects and products got an opportunity to be live only by ICO. Title: Re: How to know if the ICO is scam Post by: HardFireMiner on June 15, 2017, 11:30:43 AM Quote Re: How to know if the ICO is scam It has the ICO name in it ;). Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 15, 2017, 12:19:29 PM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO. This is so true and good hints. Also, the devs or owners are transparent enough with their project. They nay appear in public so that we know them. Also a good tie up from established company add credibility to the project. Escrow have been used to know if legit ico's same with it's good to know if the team and devs were easy to ask or cooperative enough for the investor questions. The credibility and feedback should be a anticipated. Re: Master-P SCAMMER. I lost complete faith in this forum now. (https://bitcointalk.org/index.php?topic=1306301.msg13441478#msg13441478) ..you were saying ? I'd be more satisfied with an English language test LOL Title: Re: How to know if the ICO is scam Post by: douglock on June 15, 2017, 03:46:50 PM Well, I have joint the group. hope that I can get some useful information from the team and hope that you guys will analyze everything based on the true, not based on the money. Please do not give use fail information
Title: Re: How to know if the ICO is scam Post by: leyton11 on June 15, 2017, 04:16:53 PM I think all ICOs can become scams when their devs want it, like a company that can go bankrupt when they can not keep it, but today's ICOs are much more diverse and sophisticated, maybe Ethereum is also a scam project? Just my think!
Title: Re: How to know if the ICO is scam Post by: bearex on June 15, 2017, 05:43:31 PM Hmm for me, what raises a red flag is:
Title: Re: How to know if the ICO is scam Post by: South Park on June 15, 2017, 09:02:18 PM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. An important amount of ICOs are scams, there is no way around it, there is a small minority of projects that are worthwhile but as other have said it is difficult to separate the issue that they are trying to sell to you an unfinished product that is probably not going to live up to the expectations.Title: Re: How to know if the ICO is scam Post by: Armstand on June 16, 2017, 03:01:22 AM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. An important amount of ICOs are scams, there is no way around it, there is a small minority of projects that are worthwhile but as other have said it is difficult to separate the issue that they are trying to sell to you an unfinished product that is probably not going to live up to the expectations.Investing in any project is a risk we need to take to earn, but we can study it and verify its vision,if the the team were cooperative and now that almost ico provide escrows. There are lot to choose but always take extra careful. Title: Re: How to know if the ICO is scam Post by: Kawasanz on June 16, 2017, 03:38:48 AM ICO.a ALLCOIN project without doing ico they will find it difficult to get funds to start the campaign and promotion again scam or not it depends on the coins project the more users / investors the better the project in the future,
Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 16, 2017, 03:43:48 AM Did you guys realize that coins used to be made with out an ICO ?
Title: Re: How to know if the ICO is scam Post by: dihari on June 16, 2017, 03:54:18 AM I don't really know how is the specific ways to know a project going to be scam or not. But I have my own due diligence to analyze an ico, it is:
- read the whitepaper - who is behind the project. Even if it's a decentralized project, we have to know it, at least the advisor. - information on Ann thread. - the website and its design - roadmap. It's all have to be clear. - demo product Title: Re: How to know if the ICO is scam Post by: Spoetnik on June 16, 2017, 06:10:12 AM How do you know if a dev is sitting on vast amounts of coins premined / ICO'd
then dumps them all at once crashing the price then abandoning the coin etc ? Does knowing his name or "demo'ing the product" give you this future insight ? I've said all along that it simply is NOT POSSIBLE to perform "due diligence" You all simply repeat the same crap like a mantra.. to defend ICO's. So you can carry on supporting them for profits. I already know what you are all going to say.. i've heard it all before endlessly. How to know if the ICO is scam ? You don't. Although LOL I'd say it's a scammy distribution model. What did i just say ? If i can prove a dev does not need 1 million dollars to make his coin.. then what ? Then is BlockNET a scam or not ? Too many of you you defend that and say it's fine. You defend Butters of the Ethereum ICO scam or the douche from BlockNET and say they are ENTITLED to rig the system and pay themselves many millions of dollars in free coins. And why would you guys defend blatantly scammy behavior ? ROI's ..it has sweet fuck all to do with White Paper's or Identities etc. Perform "due diligence" --> https://encrypted.google.com/search?hl=en&safe=off&q=define%3A+ideaology Title: Re: How to know if the ICO is scam Post by: Recca297 on June 16, 2017, 06:34:40 AM I don't really know how is the specific ways to know a project going to be scam or not. But I have my own due diligence to analyze an ico, it is: - read the whitepaper - who is behind the project. Even if it's a decentralized project, we have to know it, at least the advisor. - information on Ann thread. - the website and its design - roadmap. It's all have to be clear. - demo product Agreed with you, especially for demo product, now many ICO draw an beautiful plan but in real they can not even write a smart contract :v Title: Re: How to know if the ICO is scam Post by: slackcryptoz on June 16, 2017, 06:50:42 AM Most of the ICO that have been promoted through our forum is simply trusted and very few ICO's were developed on a different platform and in a short due to lack of funding the ICO goes as a scam or as an failed project.
Title: Re: How to know if the ICO is scam Post by: MintCondition on June 16, 2017, 07:28:07 AM Most of the ICO that have been promoted through our forum is simply trusted and very few ICO's were developed on a different platform and in a short due to lack of funding the ICO goes as a scam or as an failed project. Failed ico sometimes tagged as scam project since the fund did'nt obtained and not enough to proceed on exchanges or to continue the program. To be able not to scammed choose ico that have lot of supporters,that have proven theirselves from their past projects like having escrows and partnership in some business pr companies. They will sure not want to risk their reputations. Title: Re: How to know if the ICO is scam Post by: Snail2 on June 16, 2017, 01:40:35 PM If a new project:
- have a github repository with at least a more or less working alpha release - have some sort of viable business plan with some plausible details - there is a team behind it what seems to be competent - developed by some known dev(s) who(m) never been involved in any previous scams. - there's someone in the team with some experience about managing a business. - targeting an area what isn't already covered by a couple of other coins (e.g. a 76th cryptonote/monero clone is rather unlikely to take off) - the targeted sector seems to be interested in third party electronic payment solutions (e.g. a new coin for the gambling/gaming industry most likely never will be accepted by the above mentioned industries as they won't trust some anonymous dev from Godsknowswhere. They only trust banks... if they must.) Then you have a chance not to be scammed. Of course they can be incompetent or naive, stupid, whatever, so you can still lose your money if something goes wrong. Title: Re: How to know if the ICO is scam Post by: Mumbeeptind1963 on June 16, 2017, 04:40:45 PM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. ive always reading some comments of others , to find out if they are trusted or not, and if how many supporters are they have. there are some ico that is now yet trusted, so better to avoid that so that we cant lost our money and we are saving our investment too, take a deep research and then make a wise decision.Title: Re: How to know if the ICO is scam Post by: bongiu on June 16, 2017, 04:44:16 PM There are several ways to understand if a ICO is scam. Try to investigate their team members if they're real people. Try to use scam monitors design for crypto projects. Try to understand their whitepaper if there is inconsistency. I absolutely agree with this. It's this easy to know if a ICO is a scam or not. Just some basic research :-\ Title: Re: How to know if the ICO is scam Post by: terciduk123 on June 16, 2017, 05:06:24 PM There are several ways to understand if a ICO is scam. Try to investigate their team members if they're real people. Try to use scam monitors design for crypto projects. Try to understand their whitepaper if there is inconsistency. I absolutely agree with this. It's this easy to know if a ICO is a scam or not. Just some basic research :-\ Title: Re: How to know if the ICO is scam Post by: espante on June 16, 2017, 05:15:53 PM There are several ways to understand if a ICO is scam. Try to investigate their team members if they're real people. Try to use scam monitors design for crypto projects. Try to understand their whitepaper if there is inconsistency. I absolutely agree with this. It's this easy to know if a ICO is a scam or not. Just some basic research :-\ This is why projects with anonymous teams aren't found anymore but in my opinion its not enough just to look at the team or the idea because I think there will be more and more sophisticated scams out there especially with the amount of funding the projects are getting nowadays. In reality you can only reduce the probability of it being a scam by looking at the team and the professionalism involved, but there is eventually going to be more well thought out scams that even include both real people and some known people in the community as advisors. Its happened frequently in the real world and its going to happen in crypto too. Title: Re: How to know if the ICO is scam Post by: ratatatat on June 16, 2017, 05:19:38 PM OP asking wrong question. The correct question is: "how to know an ico is not a scam?"
you'll find there is no good answer to that question Title: Re: How to know if the ICO is scam Post by: phr0stbyt3 on June 16, 2017, 05:42:16 PM There are various ways one of them is checking the background of the owner that he isn't involved in some sort of shading business or has a shady past. Then checking if they are using a reputable escrow. And also seeing the transparency during ico as most of them show the transaction being made
Title: Re: How to know if the ICO is scam Post by: doedz on June 18, 2017, 06:42:07 AM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO. This is so true and good hints. Also, the devs or owners are transparent enough with their project. They nay appear in public so that we know them. Also a good tie up from established company add credibility to the project. Escrow have been used to know if legit ico's same with it's good to know if the team and devs were easy to ask or cooperative enough for the investor questions. The credibility and feedback should be a anticipated. Title: Re: How to know if the ICO is scam Post by: doedz on June 26, 2017, 02:50:54 AM Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ? Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays. See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO. This is so true and good hints. Also, the devs or owners are transparent enough with their project. They nay appear in public so that we know them. Also a good tie up from established company add credibility to the project. Escrow have been used to know if legit ico's same with it's good to know if the team and devs were easy to ask or cooperative enough for the investor questions. The credibility and feedback should be a anticipated. As long as there is escrow I think ICO is safe, and money will not be taken away. Title: Re: How to know if the ICO is scam Post by: marknowen on June 26, 2017, 07:12:55 AM The point is that ICOs are a completely new fundraising mechanism that allow the masses to participate where they couldn't before. Small investors simply couldn't easily join a venture capital round.
Of course there are and will be scams but at the same time there will be wildly successful projects. Investors have to do their due diligence... team, business model, market opportunity, etc. Title: Re: How to know if the ICO is scam Post by: culuuton on June 26, 2017, 07:27:46 AM Some developers may need money to even start, but scammers will say the same thing. Read articles on the analysis of status the ICO.
Title: Re: How to know if the ICO is scam Post by: iram3130 on June 26, 2017, 07:30:54 AM Some developers may need money to even start, but scammers will say the same thing. Read articles on the analysis of status the ICO. Most of the new ICO's are scam, you can't recognize in the early stages and once you put money it'll be too difficult to make a profit. There are lots of clues through which we can say that one is a scam, website design, features, team details. Read about it. Title: Re: How to know if the ICO is scam Post by: Ingramtg on June 26, 2017, 07:54:48 AM first i will check who is the team member and then who escrow the fund
that's very useful for me to know if it's a scam Title: Re: How to know if the ICO is scam Post by: shifty30 on June 26, 2017, 08:23:10 AM simply everything has to match
- team (i stay away from 2-5man teams, its just to risky for me) - whitepaper (can the really achief it or is it just a lot of talk) - roadmap, always good to know if they have a detailed roadmap - current status (do they still need to start or do they already have a product) those 4 things is what i am looking for in an ICO minor things like a shiny website i really dont care about, everybody can get a shiny website Title: Re: How to know if the ICO is scam Post by: newbie3127 on September 13, 2017, 12:50:24 AM i put btc in 1 scam ico startum and not receive anything
what happens to these scam ico? do police do anything? Title: Re: How to know if the ICO is scam Post by: Tiennou74 on September 13, 2017, 12:57:44 AM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. i think you must read the whitepaper then check the team . after reading white paper you will released the what they are going to make new things if you felt they are talking good enough then Jump into it Thanks Regards Title: Re: How to know if the ICO is scam Post by: Drizzlepistol on September 13, 2017, 01:01:31 AM check their information carefully. waiting their interview on youtube and wait people invest first.
Title: Re: How to know if the ICO is scam Post by: gjtnwls1 on September 13, 2017, 03:47:18 AM i think team is the most important factor. if the team is not giving public information for no reason, the ICO may be scam although there are some exceptions. also, it's good to check if the whitepaper has plagiarism and such.
Title: Re: How to know if the ICO is scam Post by: Fatunad on September 13, 2017, 03:49:39 AM i think team is the most important factor. if the team is not giving public information for no reason, the ICO may be scam although there are some exceptions. also, it's good to check if the whitepaper has plagiarism and such. This is one of the most important thing on me which i do always seek when i do plan to invest on an ICO which i do seek for its developer/owners transparency into their project because i would research if those devs are experienced already on this cryptoworld because seeing on recent devs on some project some of them are just still kids which do really lacks on knowledge that is why most of them do fail.Title: Re: How to know if the ICO is scam Post by: asma555 on September 13, 2017, 05:22:34 AM there are many ico in forum.red the ico whitepaper and research the team member,their information.it's useful to know it is scam or not.
Title: Re: How to know if the ICO is scam Post by: nareshrohra on September 13, 2017, 05:33:23 AM You cannot say for sure if ICO is scam or not. But, you can check for few things before investing
1. The team behind the ICO is familiar in the industry. Not all of them might be but at least few of them 2. There's an escrow account in case minimum investment target is not met and refund is to be given 3. The project or coin has usefulness. I don't think it is always important that the idea should be new but nonetheless it should have a new way of thinking / approaching a problem 4. The project is well marketed. It someway indicates the maturity of the team in running startups 5. If the project is completed, you can check for codebase on Github. It's not important for codebase to be public but it adds to the legitimacy Title: Re: How to know if the ICO is scam Post by: RedX on September 13, 2017, 07:53:49 AM Some of my fellow local members here told me that as long as it is premine then there is a huge possiblity that it's a scam so I stay away with it with no hesitation.
Title: Re: How to know if the ICO is scam Post by: Searing on September 13, 2017, 07:56:50 AM Well the LISK ICO was no scam.
1 BTC in 2016 at 650 usd a BTC if I remember right..and it is worth $42,111.52 as of a couple of min ago. On the other hand, I could have gotten 990 ETH at 1 BTC also on their ICO and passed :( (Would have been worth today $276,873.30..ouch!) But maybe, now in 2017....too many ICO's and too many are scams..don't know..just saying from my viewpoint Ack!...so many missed boats :( Title: Re: How to know if the ICO is scam Post by: VTS on September 13, 2017, 08:07:19 AM Well the LISK ICO was no scam. 1 BTC in 2016 at 650 usd a BTC if I remember right..and it is worth $42,111.52 as of a couple of min ago. On the other hand, I could have gotten 990 ETH at 1 BTC also on their ICO and passed :( (Would have been worth today $276,873.30..ouch!) But maybe, now in 2017....too many ICO's and too many are scams..don't know..just saying from my viewpoint Ack!...so many missed boats :( Think positive! :-) You missed a lot of scam as well and prolly still got a profit in your pocket! Title: Re: How to know if the ICO is scam Post by: Freyya08 on September 16, 2017, 01:00:30 AM Its pretty hard to tell if its a scam. That is why you realky have to verify and do some research first before investing. Always follow your instincts.
Title: Re: How to know if the ICO is scam Post by: Antivoid on September 16, 2017, 01:08:45 AM so whats the definition of scam? is the project itself or the coin price on exchange? scam projects may have a good market performance due to publicity and manipulation, good projects may have a long term downturn period since lack of promotion
Title: Re: How to know if the ICO is scam Post by: Altcoinster on September 16, 2017, 01:11:35 AM At least you dont know if an ICO is a scam. I mean you can do a lot of researches about the devs and the team behind the project. What have they done in the before they joined crypto? They have experience? But yeah as I said. You never know :D
Title: Re: How to know if the ICO is scam Post by: PANK21 on September 16, 2017, 01:48:12 AM Its difficult to know if an ICO is a scam . I think there is one thing to know if an ICO is a scam , if it has no website or the information that been given is too easy . I dont know how to figure it out but you can make your own research if you want to know thw ICO is a scam or not.
Title: Re: How to know if the ICO is scam Post by: richjohn on September 16, 2017, 02:05:05 AM It isn't that easy to spot scam ICO. That is why many go away easily after scamming people. Before investing in any ICO, I usually do a research of their website, their team members and read their whitepaper. Sometimes, in team members they jave just used Google images. They don't have any other presence. Sometimes whitepaper is without any vision which seems like a fake project. These are clear indicators. But some scam ICOs play very well with interactive session, answering queries, showing some fake progress and people trust them till the end. So, there is no definitive way to know a scam ICO. But do a thorough research before investing.
Title: Re: How to know if the ICO is scam Post by: reputation on September 16, 2017, 02:26:22 AM It isn't that easy to spot scam ICO. That is why many go away easily after scamming people. Before investing in any ICO, I usually do a research of their website, their team members and read their whitepaper. Sometimes, in team members they jave just used Google images. They don't have any other presence. Sometimes whitepaper is without any vision which seems like a fake project. These are clear indicators. But some scam ICOs play very well with interactive session, answering queries, showing some fake progress and people trust them till the end. So, there is no definitive way to know a scam ICO. But do a thorough research before investing. agree with you, recently there are some people doing workshops just teach people how to make an ico from the whitepaper to the roadmap, the ico maybe a pipeline product in the future, i think it maybe one reason why China ban icoTitle: Re: How to know if the ICO is scam Post by: cryptothreads on September 16, 2017, 02:36:23 AM It isn't that easy to spot scam ICO. That is why many go away easily after scamming people. Before investing in any ICO, I usually do a research of their website, their team members and read their whitepaper. Sometimes, in team members they jave just used Google images. They don't have any other presence. Sometimes whitepaper is without any vision which seems like a fake project. These are clear indicators. But some scam ICOs play very well with interactive session, answering queries, showing some fake progress and people trust them till the end. So, there is no definitive way to know a scam ICO. But do a thorough research before investing. This is a good idea. I always research carefully when participating in an ICO project because if the project is not really good and there are signs of fraud then we should stay away but there are cases where good projects are scams and very It is difficult to distinguish this.Title: Re: How to know if the ICO is scam Post by: reputation on September 16, 2017, 02:45:43 AM It isn't that easy to spot scam ICO. That is why many go away easily after scamming people. Before investing in any ICO, I usually do a research of their website, their team members and read their whitepaper. Sometimes, in team members they jave just used Google images. They don't have any other presence. Sometimes whitepaper is without any vision which seems like a fake project. These are clear indicators. But some scam ICOs play very well with interactive session, answering queries, showing some fake progress and people trust them till the end. So, there is no definitive way to know a scam ICO. But do a thorough research before investing. This is a good idea. I always research carefully when participating in an ICO project because if the project is not really good and there are signs of fraud then we should stay away but there are cases where good projects are scams and very It is difficult to distinguish this.Title: Re: How to know if the ICO is scam Post by: Getmon on September 16, 2017, 02:53:46 AM Many ico was here in forum and i always read the comment/reply of others, they got a negative feedback for project for participant to have doubt in campaign, I know some of member always do that so it can less the user in campaign and they will gain more profit. I wonder specific info on how to investigate, Yah, We can predict if the project will be success or not by reading the update in thread but how specific we can do to check if its scam or not. You just need to widen your research about the project as much as possible. The projects offering tokens in their ICOs are always looking good at first sight. No scam indication. But after a thorough research is done, the truth will come out. Go to their website and talk to the developers. Legit projects are always attended to. Title: Re: How to know if the ICO is scam Post by: Bay_Harbour_Butcher on September 16, 2017, 04:38:48 AM wee, there are many similar threads like this, and indeed your question is a question that is needed by all members in this bitcointalk, especially for the newbie. which should be viewed is about team profile, white paper, roadmap and also transparency of their project
Title: Re: How to know if the ICO is scam Post by: Docbee on September 16, 2017, 05:15:21 AM There are many things you can check.
1. The team behind the ico 2. The advisors 3. See if they have a working product already 4. Their roadmap Title: Re: How to know if the ICO is scam Post by: Sarcasm on September 16, 2017, 05:22:05 AM wee, there are many similar threads like this, and indeed your question is a question that is needed by all members in this bitcointalk, especially for the newbie. which should be viewed is about team profile, white paper, roadmap and also transparency of their project in my opinion to know ico ending with scam is, first the website is not paid, clarity of team that does not exist, the legality of ico, and ico location, :)the last do not of escrow :) Title: Re: How to know if the ICO is scam Post by: Beicin on September 16, 2017, 05:38:27 AM Personally, if the development team keeps a high percentage of the distributed coins in my mind its highly likely that they won't deliver on a product if they already have tens of millions in their hands... what would be the motivation? They could just hire some guys and move to the next project... or retire
Title: Re: How to know if the ICO is scam Post by: bengems on September 16, 2017, 06:04:43 AM They are scam when they don't deliver what they promised and people keep loosing their money gradually in a perpetual downtrend. Example is starta. Scam is not only when they took your money and vanish into thin air
Title: Re: How to know if the ICO is scam Post by: roganite on September 16, 2017, 07:39:19 AM Investing in ICO's is the same as any investment, you need to do your research. People are too hyped abour cryptocurrencies that they don't check the important aspects.
I look for a great team, good concept, an actual value of having a cryptocurrency (why they can't do it any other way), finite supple, good whitepaper, professional website and strong social media. Once this is in place, i dig deeper to see if it is a interesting concept. One that i am looking at right now is Crowdholding (https://ico.crowdholding.com), they match everything above and they are in the field of co-creation which interests me. Find a project that you find interesting that matches the criteria above and you won't go far wrong. hope this helps Title: Re: How to know if the ICO is scam Post by: johnsm79 on September 17, 2017, 10:28:23 AM If you go to coinschedule.com, most of the ICO's listed, have a website which does not even open correctly, using an old fashion template, taking forever to load, have a crappy idea, have fake linkedin profiles, and are hoping to earn money with that..
Also I have notice that scammers tend to have their ethernet wallet address on the home page, without proper disclaimers. Title: Re: How to know if the ICO is scam Post by: APICEMTECH on September 24, 2017, 07:16:28 PM I am a newbie but I would be looking at the background of the people who are associated with the ICO and see how they have performed in their previous jobs or projects. Also whitepaper is a good source to see their vision.
Title: Re: How to know if the ICO is scam Post by: Quidat on September 24, 2017, 07:28:37 PM I am a newbie but I would be looking at the background of the people who are associated with the ICO and see how they have performed in their previous jobs or projects. Also whitepaper is a good source to see their vision. Seeing their experiences regarding on project devs should be checked always because we can able to convinced ourselves if they are experienced enough on running or handling these projects.Usually when i do saw ICO launch i do also look out their allocation specially on bounty when i do saw that its too good to be true allocation i do really see some shady things on that one.Title: Re: How to know if the ICO is scam Post by: dunikowski on October 05, 2017, 09:43:35 PM I hope I will not get banned for adding this reply to all "ICO scam" related topics here, but I guess there is no other way to make this work.
Try this out: ico.scam.network It is an open to edit google spreadsheet with a list of scam alerts and rankings from different sources. If it works out, it might be a good way to keep crypto community healthier. Title: Re: How to know if the ICO is scam Post by: rainbow169 on October 05, 2017, 10:02:49 PM I will say check the team member - are they real... have they got a working product, would you invest them outside a crypto world. Is the project trying to get massive amount of money but delivering very little value (this is also SCAM for me).
Title: Re: How to know if the ICO is scam Post by: Ratters on October 05, 2017, 10:10:37 PM Only one way to understand is the project SCAM or not: to learn carefully all information, the team, WP, road map.
Title: Re: How to know if the ICO is scam Post by: Xclusive5 on October 05, 2017, 10:22:02 PM Hello, I do device a method to know scam ICO. Taking a look at their social media page, they make use of fake followers to gather more followers. They even have more follow than followers.
Title: Re: How to know if the ICO is scam Post by: genesis53 on December 05, 2017, 09:40:15 AM As they've always said (most people) the only way you can spot scam ICO is through research.Most experienced cryptocurrency guru believes that probably 90% or more of ICO is a scam, that's why doing a research is very important. The team behind the developers of ICO should have an open and transparent track record of their accomplishments and background in cryptocurrency. There are many ICO developers out there that were hiding their own identity and that's one of the spots
of not trusting their ICO Title: Re: How to know if the ICO is scam Post by: paloloy on December 05, 2017, 09:46:55 AM Knowing scam ICOs is very difficult but knowing how to spot a possible scam or useless ICOs has some ways to identify to to mention.
Good ICOs hires good bounty managers like higher ranked forum members like Senior Members or even more higher ranks. Managed by Hero and legendary members are more likely better ICOs than the lower rank members like Newbies and junior members. Title: Re: How to know if the ICO is scam Post by: paloloy on December 05, 2017, 09:50:08 AM Good ICOs have bigger communities and also i their social media have numbers of followers enough to be able to answer all the queries and inquiries.
Scam. ICOs have less social media members and followers and worse, they have no social media page. Title: Re: How to know if the ICO is scam Post by: paloloy on December 05, 2017, 10:01:39 AM Only one way to understand is the project SCAM or not: to learn carefully all information, the team, WP, road map. The team core has also the biggest role for a Cryptocurrency project. Developers and management staff are reliable and if they can carry the company despite of having to many rivalries. Title: Re: How to know if the ICO is scam Post by: paloloy on December 05, 2017, 10:04:20 AM I will say check the team member - are they real... have they got a working product, would you invest them outside a crypto world. Is the project trying to get massive amount of money but delivering very little value (this is also SCAM for me). In addition to that, most successful ICOs have YouTube channel that will ensure attracting more investors and community supporters. Some ICOs have no media and social media community and that's the better indication that an ICO is useless. Title: Re: How to know if the ICO is scam Post by: Toropen on December 05, 2017, 10:14:19 AM If the team does not disclose your information or trying to hide something it can be regarded as a fraud
Title: Re: How to know if the ICO is scam Post by: ditinhu on December 05, 2017, 11:24:54 AM Keep an eye on the project only invest after being in the currency market. Many of the ICO projects found are very delusional, often promising absurdly high profits. These types of projects most of the time are going to be frauds or hype.
Always be aware that most bad ICOs enter the market and have already begun to drop the value. Always see the amount of currencies that will exist and if the project is interesting, so you can minimize the damage if you invest in some ICO. Title: Re: How to know if the ICO is scam Post by: EvaGC on December 05, 2017, 12:37:24 PM Not all ICOs are scam! Don't listen to the haters!
But yes, there are a lot. You should worry about doing as much research as you can to invest proeprly. Title: Re: How to know if the ICO is scam Post by: Chifako on January 09, 2018, 11:28:19 PM I this topic I really would like to thank Spoetnic for his words about ICO
Title: Re: How to know if the ICO is scam Post by: Docbee on January 09, 2018, 11:40:40 PM If you must know a scam ico look for the team spearheading the project. Are they willing to go public to tell people about the ico. The response of the community in their chat group and lastly the business model they are trying to implement or tokenize.
Title: Re: How to know if the ICO is scam Post by: weinuogpein0375 on January 10, 2018, 02:33:04 AM You can do some research on the team memebers ot see if they are real person and who thay are if they are real. If they are good enough to make the coins go up :D
Title: Re: How to know if the ICO is scam Post by: Xclusive5 on January 10, 2018, 10:05:51 PM If I want to know if an ICO is a scam I will look out for all their social media activities. I have a huge preference for telegram group because there are lots of ICO that will not have telegram group and still come out that they have an upcoming ICO.
Title: Re: How to know if the ICO is scam Post by: ruthbabe on May 02, 2018, 04:51:04 AM Not all ICOs are scam! Don't listen to the haters! But yes, there are a lot. You should worry about doing as much research as you can to invest proeprly. Yes, that's true, not all ICOs are SCAM. Only 99 out of every 100 projects are fraud or scam as what hero10 (https://bitcointalk.org/index.php?action=profile;u=411396) pointed out in this post (https://bitcointalk.org/index.php?topic=2453462.msg25119379#msg25119379). Quoted below is the complete text for the benefit of everyone. Quote Hello, dear investors and everyone who reads this. Being a developer of smart contracts, I cannot stand aside of the current lawlessness in the ICO market. Out of every 100 projects 99 is a fraud, or a scam, as we used to call it. Please, read the following advices as a guide to verification of every ICO: 1. At the start of pre-ICO team should have a contract for automatic assets transfer, that contains a written set of rules for early investors – not on towel, not in the speaking form, but written in the smart-contract. Otherwise, collected assets can just fall in the pockets of founders, or they can change rules of the game in the middle of act – there are many examples. 2. The contract for pre-ICO should be a part of a bigger contract on ICO and do not be different tokens – it is unsafe form a standpoint of vulnerability and withdrawal of funds. 3. The contract for pre-ICO, and then on ICO should have a lower and upper barrier - if it does not – the team does not know what it wants - just a scam. 4. The contract for ICO should have escrow of the funds, received as a result of placement - it can be a frieze or multiSig with a voting condition. This will give you a guarantee against the expenditure of funds earlier than the team completed the previous stage. 5. The contract should have indisputable return of funds condition, in case of not reaching the lower limit of the collected pool. It is in the contract and not in the white book, if it is not – move on, it’s just a scum. 6. All contracts must be posted on GitHub, this will enable third-party developers to check the contract for the vulnerability, if the team has not taken care and before the ICO has not posted a bounty on the vulnerability. 7. The contract must specify the conditions for the team and for the bounty’s for vulnerability. 8. The contract must specify the conditions for not traded tokens - with clearly defined deadlines. This post is about having a standard. Everything in the end should have a standard - and together we can achieve it. If you do not invest in teams that do not adhere to basic security standards - they just won’t be able to steal your money. I hope for a dialogue and a healthy discussion. Title: Re: How to know if the ICO is scam Post by: Natium on May 02, 2018, 06:23:45 PM It is necessary to monitor the team of developers and advisors, their previous experience in this area and in what companies they worked ;)
Title: Re: How to know if the ICO is scam Post by: nieninja53 on August 05, 2018, 05:08:03 PM First of all the best way to get all the information about the ICO is the whitepaper they regenerate so any information about the company is written in there, also one of the main pointers to indicate a fraud is a delayed period of, a lunch in the roadmap
Title: Re: How to know if the ICO is scam Post by: niko_ganteng on August 07, 2018, 08:43:51 AM in my opinion, why is there an ICO who is a scam, actually it's not a scam in my opinion but because the ICO did not meet the target, the funds they collected from the ICO did not meet their expectations, usually the amount of funds they wanted was printed on the whitepaper. If their ICO is successful, the bounty payment will be accepted, and vice versa if it is not successful, the payment will not be accepted.
Title: Re: How to know if the ICO is scam Post by: joel123 on August 09, 2018, 06:16:41 AM You might want to consider looking up the team behind the project. Many of them already have a reputation, good or bad. If the project you are going to invest in does not have a reliable team behind it, then I would ask that you withdraw from investing in it. In addition, you could also check to see what other people are saying about it, positive or negative. Your findings should also affect your decision.
Title: Re: How to know if the ICO is scam Post by: coinsurver on August 09, 2018, 11:31:58 AM there are 4 ways you might be able to practice: the team (I'm away from the 2-5man team, it's only risky for me).whitepaper (can really reach it or it just talks a lot). Roadmap, it is always good to know if they have a detailed road map. and current status (whether they still need to start or have a product). maybe my personal experience can inspire you in choosing an ICO.
Title: Re: How to know if the ICO is scam Post by: celuumk on August 19, 2018, 02:26:26 PM Knowing trick ICOs is exceptionally troublesome yet knowing how to recognize a conceivable trick or pointless ICOs has some approaches to distinguish to specify.
Great ICOs enlists great abundance chiefs like higher positioned discussion individuals like Senior Members or significantly more higher positions. Overseen by Hero and amazing individuals are more probable preferable ICOs over the lower rank individuals like Newbies and junior individuals. Title: Re: How to know if the ICO is scam Post by: bitcoinpeople2 on August 20, 2018, 11:36:48 AM Check the people behind the coin, make sure that the faces they put are the actual people working on the coin otherwise it is a scam. Also most of the coins that require KYC are scams too.
Title: Re: How to know if the ICO is scam Post by: nokat on August 20, 2018, 11:41:36 AM It is very difficult to rule out fake ICOs nowadays.They usually present the project with the highest expectation that you will never think of the project being a scam. For now,I take a critical look at the team members and the roadmap of that project to determine if it's is scam.
Title: Re: How to know if the ICO is scam Post by: S[m]OKE on August 20, 2018, 11:55:00 AM Personally, I take new awards only from the managers I have already checked, who have already carried out projects, and I received my award
Title: Re: How to know if the ICO is scam Post by: olumyd on August 20, 2018, 01:15:51 PM I trust Mfchain with my ETH investments, as they would truly revolutionize the payment systems by creating a potential for merchant adoption of cryptocurrencies.
Apart from the fact that these guys have got a working product in hand, they've reached their soft cap. And so, the safety net's been knotted. Craig is a straightforward guy, a smart one at that, and he knows his stuff. |