Bitcoin Forum

Where can we find the trustable icos ?
How can we solve the system if ponzi or not ?

99% of ICOs are scam . They collect fund from people and they are absent when the program start ?

There's no easy indicator if an ICO is a scam or not. Obviously, if a group or person would to scam someone, they're going to try their best to make the project look legitimate as possible; so it's going to be tough. You'd have to dig deep to have an idea if a project is possibly a scam or not.

Some things to take a look at:

• The team; make sure they're actually legitimate real people
• Read the whitepaper; and while you're at it, make sure it isn't just a straight up copy of another coin's whitepaper
• The github repository. Take a look if the code is actually being updated, and or if it's not just a copy of another coin's code

And those just barely scratch the surface. You need to dig real deep.

Start with the team.

Are each of them on LinkedIn?
Do they list their affiliation with the company there (at least 75% of them should)
Have they worked for credible companies that you have heard of, and respect, in senior positions?
Now this is a BIG ONE: Do they have 500 or more connections?
Is there any one of them that REALLY stands out as SUPER-AWESOME (Advisor/Founder/Vitalik himself?)?? Great....Is it listed on that persons' linkedin? If not, PING the person on LinkedIn and ask them is their affiliation is real.


If the team is ex-Soviet.......red flag (bad pun I know)

The read the whitepaper......but due diligence on the team is maybe 10 mins and anyone can do it.....Whitepapers are sometimes too complex for many readers.

First of all try to check their github. Second step is to check the founders, team members and advisors. The next one is to read a whitepaper. I'm always act in this sequence.

You have to make your own research about the team, the whitepaper, how good they are, you have to analize almost everything before putting your funds in there if you dont want to have a big loss if you invest in there.
I lost more than hundreds dollars in a few icos on the past, and because of that, i am now only investing in those who are good, but almost perfectly projects, because i dont want to make the same mistakes again.
It is a difficult task to find a good one, because a lot of them aren now being scam, but at the end, it is worth it.

Check the ICOs listed in the ICO launch platform. Read about the project and the plan and determine if it is useful for the blockchain business and if it has potential. Check if they have a prototype and if they are a well established team - coming from a technical company shifting towards blockchain or having a history of projects delivered together.
I do not understand people looking at how many connections or likes or followers some have. Why is this relevant to the success? This is so superficial. You can even buy very easily likes and followers and tweets. Guys, do not buy the fake hype. Buy the project.

I wish there was a straight answer to it. May be we will see some solutions happening around it soon.

Read carefully what they are presenting for you. If they have a business model with high potential of profit for the investors and they have legit team members then you have to invest in that ICO. For the future benefit you have to read what they are having in their whitepaper for the investors and for their crypto community.

There is no one place where you can go and find a trustable ICO. Also I am not sure what is the definition of trustable for you. For me when I am looking to invest in any ICO I look in the problem that the ICO is solving, do they really need a blockchain to do it and lastly the team behind the project.

There is nothing like trustable ICO, what I realise is that most of these developers are committing fraud with the design of their ICO structure but don't know or just taking advantage of people. Just look into the project very well before you invest into any project

If 99% of the ICOs are scam, and if you are trying to find a ico that is not scam, it means you are not a smart person at all, how can you find the one out of 100 ICos ?

I have invested in many of the ICO and I have got a good profit in that. It  only need smartness then you will earn. Like every project owner add their coin to the exchange and in that time if you have coins and you have bought them at the early stage of ICO when you have got a high percent of discount then you will sell them and will get the discount as cash.

Just regularly browse this forum. I agree almost 99% of ico are scams but here in forum legits ico are commonly announced there are some trusted persons here in forum look for them and search for the ico that they promote

jes this also creates the issue that someone who doesnt want to scam cant earn trust but wants to build a productive business with the funds and cant do anything

regards

I always have a look at smithandcrown for some new and cool trusted ICOs. You can also find some good ICOs in bitcointalk, if you follow some good members :)

You basically can't. To trust an ICO you either have to trust:

1. The development team and project management. Don't think that big names attached to ICOs will protect you here. These big guys earn money up front for advising and advertising and marketing the project. They have nothing to lose, everything to gain (ok maybe they have reputations to lose but people like Dan Larimer had a bad rep for Steemit and still did extremely well with Eos, right?

Hmm, actually that's it. If you can trust people, then you trust ICOs. If you can't... like me, then you simply don't trust any ICO.

you will lose with this attiute as well actually

You cannot find trustable ICO’s and in start we cannot tell whether it is trusted or not so it is upto you use your senses and search about the ico check the history and when all points get cleared go for the ico however I don’t like ico i have lost some money in it.

There is no special place to find trusted icos. You need to investigate them one by one to find really trusted and legit ones.

In the opposite case, you find yourself dealing with scam ones.

how can a financial system then work under this conditions? how can human corporation work? how can economy work then?


if this is what cryptoeconomy is all about its not able to run a societies economy, you will end up buying eggs and rice for your bitcoin

It is very difficult that say that an ICO is a scam or not, in my opinion, some ICOs that will be labelled scam at the end of the day may not have the intention of scamming people, but when the project fails and investors lose their money, they will not have any other option than to label the ICO scam.
So just use your discretion and read about the project, try to know the team and their history, past experience and so on.
good luck as you do your ICOs.

There is no easy way to identify whether an ICO is real or a scam. Yes you're right, most of them are scam made by some selfish individuals. But there are also ICOs that are legit and true to their project. All you can is to check for some signs or indications that might suggest that ICO is a scam. First, check their offer, if its too good to be true, it might be a scam. Second, do a background check to people behind the project. If they are not real or if they are just some make up names, it might be a scam. Third, make your study about the ICO, look for feedbacks, check if they are just copying other ICOs, and dig deeper to their project and platform.

There are no good resources for this.....yet. I think there is a vacuum in the market for services that analyze and rate ICOs on various metrics. There is demand for this -- I've seen lots of people asking these same questions, and I recall seeing Theymos looking for some kind of service to root out the scam ICOs from buying forum advertisements.

The problem is that we are still in the "wild west" stage. It's incumbent on you -- the prospective investor -- to get a feel for which ones are scams. Honestly, if you just read the ANN subforums a few times a week, it starts to become obvious.

Look for the generic/vague (bought) whitepapers, complete vaporware that lacks even proof-of-concept, anonymous developers/team -- look for proof of their IRL existence. These, to me, are the first telltale signs to look for.

Mostly we can find a trustable ICO in this forum site's that belong to one of the link in here's.its hard to believe that an ICO is scam or not ,because even for the first time i've not heard a new's that there is an ICO project not legit.maybe there some ICO  that they cannot pursue there goal,because lack of funding and support of investor or a team.maybe a  lack of presentation in the media thats why its not marketable.

There is no one place that you can only find the trustable ICOs, you can try and use some ICO review sites to get an opinion but they can still be wrong. Mostly you just have to scan through all of the ICOs and find the good ones yourself. There are many ways to do this but they all involve around you taking your time to do your own research. With regards to 99% being scams I wouldn't say that is true, while many are scams I would not think it is anywhere near that number, and in fact many that are later labelled as scams are actually projects which are legitimate but are just very poorly executed.

Its getting worst every day,  the difference between scam and true ICO is almost a hairline.

But one of best and red flag for me is, if the coin owners cant show their faces then probably they are scams.  If they can't go to public meetings and can't initiate public appearance they are scam.

to be honest you can't be sure 100% that it's not a scam but doing research will minimize risk !

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