Bitcoin Forum

Share your thoughts, experience and techniques on how you determine a good ICO and how to determine the scams.

-Talk to them (Telegram)
-Whitepaper
-Research google and anything you find
-Think about the project with your own logic (realistic?)
-Check what they have done so far (Product?)
-Check community response
-Check token structure (marketcap/bonus/suppy/price) and if that sounds good or hyped


Just a few things. Nowadays there are quite a good ICOs to invest in ;)

Product is the most important factor to me when judge an ico is good or not.
Then I will check the team is strong or not.
At last I will see the advisor team.

A good ICO have a good team behind it, try to do little research about it. And make sure you really know what project they devlop

Usually i check them out here - https://www.icoalert.com/

I read the whitepaper because I want to see what the project is about. If i see that it might be sustainable or potentially growing in the long-term, then it is a good ICO and i might invest.

Scam

If the profile of the developers can't be found in public just run the era of hidding and looking to be the new Satoshi, also if the team is saying just give us your money first then we develop. Another thing to consider is the token size the team is looking to hold and the lockin period

doing your research can know what are the good ICO or scam ICO by doing this you can exclude those scam to those are not and also you can get avoid being a milking cow by reading their white paper and also checking some background information about the dev team

Read carefully all what's related to it ( whitepaper, road map , product/service/problem it tends to resolve , token structure ( as well as the supply ) , and even popularity and acceptableness

You need to look every single tiny details they got from whitepaper, roadmap until the project. We the community will be the checkers and determine if the project is a good ICO and lastly be active on the telegram because most of successful ICO's are so very active at the telegram admins are chatting as well as the devs

"Good things:
- Good team
- Popularity
- Good famous investors or investors or advisors
- Average cap

Bad things:
- A team of nobodies, bad or no advisors
- Too high or too low cap
- No idea, or a non-original idea"

Some of the things to determine if the ICO is good or scam is their background, project, partnership, and white paper.
And I can proudly say that daneel is a great ICO because it is created an A.I. that will help cryptocurrency investors especially the beginners about what is the cryptocurrency because we all know that some beginners feel overwhelmed with a huge amount of information in cryptocurrency daneel will help you, it is your partner and also daneel.io is in partnership with IBM that is one of the reasons why it is great and as of now even though our ICO haven't released yet we already had 3500 white listed members.

This is indeed not very easy but i start with looking at the project and seeing whether it solves a problem then i look at the team to see if they are experienced enough to make the project a success

it is very simple,
just look at the way they're designing the ann,you will see that they're the good one or the bad one.
but do not get fooled by them,
even a project with an existing product can scam people,
in the past few years ago,we could see that.

for me,it would be better for you to avoid any kind of ICOs,
because most of them are shit and nothing good will happen to the investor(most of them).

there are many ways to determine it. it is important that you have to research and search for valid data from trusted sources

You should check them out:
https://github.com/
https://telegram.org/
https://bitcointalk.org
Keep track of community comments about it. Number of participants ico

Research and spotting Good ICOs aren't effective because everything can be copied and be place in the internet that are too good to be true so I think there are some effective ways on how to figure out which one is better than the other so internet does gives us a lot of resources but most of them are fake and unreliable, isn't it?
I just try to prove that the reputation of Social Media and Telegram Channel is one of the effective ways on how to spot scam ICOs, I suppose.

When there is many investor, many campaign participants or member, good ICO rating, active telegram, if there is white paper or spread sheet and if their project is well known those are the ways to identify whether they are legit and not scam, study and check them from time to time, and if also their campaign manager is always on update to all that is happening.

I check out their whitepaper and website. See who owns it, how many years registered domain etc.
If they copy some other project or is project really legit etc.
I check team members one by one, also advisors (if they have any).
If it's a token I check smart contract, token supply, expected value etc. There are too many things to check if the project is legit or scam.

The first thing to define a good ICO is to rely on the team and the project platform. Then we will identify and track the route of the project. There are many good projects but for some reason the project is delayed. Every project needs time to perfect the product and we need to wait patiently

There were made a lot of answers already. I want only say that after you get an experience in the field of ICO choosing you will improve your intuition at this matter. Sometimes even after a deep research my inner voice influence to my decision a lot.

It's pretty useful guides especially the first point that talking into their Telegram Channel is might be one of the best way to check the integrity of the community because I believe that Good ICOs have good Telegram Community especially the number of active members is sufficient that you can tell if they really have a good project and dev and staff team behind it.
This kinda thing is very critical because of so much scams victims are crying out in this forum and they just hit the Buy buttons before realizing that they had to find guidelines first before investing.

Now most of the ICO is a scam, it is difficult to judge whether a fraud, but we can evaluate whether the ICO project allows us to profit, if the people number of telegram group enough, and the ICO project is open source code, so should be ok for a profit.