Bitcoin Forum

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

As if you can control the people behind of the ICO to scam others or be honest. There are no easy way to stop ICO scam, only by research thoroughly you will lessen the chance of investing to a scam ICO.
I've read a nice guideline on how to avoid being scam by ICO check this: https://bitcointalk.org/index.php?topic=2822896.0

scam is always there but you could eliminate most of it. I strongly you follow Ian Balina (youtuber). He developed his own data matrix to determine which coin is good or not. He started out like everybody else in 2017 and in the end he is millionaire. Don't follow him every step but learn his process and apply it on next ICO

I think we cannot stop ICO from doing scam. People just need to be vigilance. Do a research and ask for advice to others before jumping into ICOs.

ICO scams wont stop not unless there will be some regulatory board to regulate ICOs which is impossible because cryptcurrencies are decentralized assets,the only thing you can do is to do your own research in each and every ICO you wanted to join for you to be sure that you wont be scammed.Do not let other people give you ICO suggestions,know them by yourself and you will never be scammed.

It is correct to say to research about ICO company but what is the process of actually researching, that is really hard question. Most people will never read white paper and just gloss over the everything. There is no critical thinking involved, it is just like "oh, website looks nice and teams looks legit so it must true". This is what I use to do

Do a thorough research before investing in any ICo to minimize scam. Check the problem intended to be solved by the project; it will enable you to know if the project can stand the test of time or not. Also check the team, Whitepaper, etc.

I believed that the best way is to screen out scam ICO by have it regulated by the government in this way the government well required the ICO owners to submit necessary documents for them to have permit to do business and also know your costumer which is commonly called as KYC is must be always in effect.

I don't even get your OP. Did you maybe want to elaborate if you think this is a genuine good idea? So I purchase ETH, am I supposed to send it directly to an ICO you say? From an exchange? That's the opposite of what you should do. How does what you're saying here help to not get scammed by a sketchy ICO?

I don’t see that is helping to stop the scam anyway. The KYC ruling came few weeeks ago when some of the countries started banning the illegal projects all over the nation. This concept was not even in the existence before that. The method you depicted here was the only way to grab the tokens. We use to send the ETH or BTC to the contract address and the tokens were automatically sent to our address. This is not new one but the traditional one. Now, the time has changed and we have to use KYC procedure as part of legality. That’s different case anyway.

In addition to that I’m sure scammer can get away by many other different ways and there is no stopping to that one with easiest ways.

Scam ICOs can't be totally stopped in my opinion. However, it will be regulated and that will lessen the number of ICO scams. The best thing people can do as of this moment is do their research and put to heart how to avoid these scams as they are everywhere.

I think we will have no way to stop the scam project. Because it's all anonymous, it's really hard to improve. So let's take a closer look at the projects before joining.
To combat scam projects, we should read the information on that project very much and make a decision. We also need to look at their staff. There are many projects that are great but it's bad when their staffs are so bad. That makes the project unprofitable.

The big deal about ICOs is that you don't need to fill any KYC document in order to participate, it helps a lot of strong people to money launder.
They put a big amount of white money into the ICO, then they manipulate the price of the ICO tokens with black money, and then they sell the tokens that they purchased with the white money and sell them for a much higher price.
There you go, the black money turned into white money in no time.

For me , ICO projects that have no funds to pay bounties like signature campaigns that they cannot pay BTC weekly. They can be probably intend to scam when they cannot even reach their soft cap. Its easy to identify with that. Just invest on some ICO's that promoted by some good manager like yahoo62278, Lauda or signatures of some moderators. You can be surely that you cannot waste your money from investing.

KYC has still some use for most of the campaign and  ICO founders,they will be protected from these abusive ICO participants who is doubling their  registration it will prevent unfairly distribution of stakes from the investors,fraudulent activities will be lessen but the downside with this would be your identity can be sold to others,and can be used to identity thefts,the best thing to do is do not participate any of these ICOs if you are concerned about your privacy.

Easiest way to stop scum ICO is to pay no attention to it after you understood that it is scum. More attention - more scums.

Research is the only way to go. Your method is not going to work, they still got your ether or bitcoins.

i guess the purpose of kyc is not to stop the ico scam. the easiest way to stop scam ico is escrow service.

Scammers will never stop until they already gained anything from scamming, you can only do is avoid being scammed and have yourself distance from scammers by doing research and having people to trust and asking them if an ICO is legit.

Only thing that can stop these ICO scams is a regulation which is impossible because most of the people using cryptocurrencies want decentralization in our system,if there will be regulation its like becoming a centralized offering which isnt healthy in our decentralized market,either way you can have a lot of time to do some research if you are really into this ICO investment,but if you are a good trader you shouldnt be participating any of these because you can earn more in trading altcoins!

KYC is currently useful to prevent money laundering for criminals. KYC will be very useful because it can detect who the potential investors who follow ICO and enter capital in ICO. so if you say KYC is useless if you do not think until that.

I agree that the use of KYC can reduce scam ico, and many see many current projects being developed to protect potential customers or keep their identities in order to not be misused and protect their assets. this is great and hopefully more and more newcomers in cryptocurrency

You automatically receive the token once you send ethereum to their contract address, kyc is done before you send the ethereum, not after that so it's not matter. The harder is when they don't use contract like ico that use bitcoin or several currencies. ICO participants should do research first to stop getting scammed.

LOL, how does that even stop ICO scams. This is what most ICOs are already doing. In fact KYC does add extra layer of trust if it is being done in partnership with trusted 3rd party KYC companies. The only way to stop ICO scam is by not supporting projects which only have money in mind. Support projects for their concept. Someone posted this accurate guide to reduce your risks of participating in scam ICOs. You should read it OP. https://bitcointalk.org/index.php?topic=2822896.msg28918101#msg28918101

Yes our privacy is the very most important matter here in crypto. They might use our personalities for the intentions of scams KYC is not a good option. It was never been new to us that kind of extortion for people. We should think twice in our decisions everything is not possible in the cyber world.

If you want to join the ICO you want and dont know If its a good ICO and prevent to join a scam ICO try to see this checklist I made for my self:

Good ICO

• Whitepaper is well presented and all of the things are well explained and how the product works
• The team involved has a good profile background and has many experience in cryptocurency market
• See how the progress of the ICO goes if its good
• Having a good community and admin to answer all of the peoples doubt about the project
• Hard cap and Soft cap is not too hard to achieve
• Well presented Announcement thread here in forum and a good Website
• A Good Road map to see if the project can run a long term and to see if they are only motivated for the profit

So far that's my checklist if the ICO is good and if it the ICO doesn't have  these quality I consider it as a scam and probably it will .

Thorough investigation is the key. I think you have to know first the team behind the ICO. Check their profile at LinkedIn if there are any and then their whitepaper because it is written there what their project all about including their mission and vision.

But that doesn't stop the ICO scam, they just need to make a smart contract, and then you can solve the problem,
But the token might not be worth it,isn't it?

just because they send coins to you after they receive your investment doesn't mean they are not scam. many scam ICOs send their coins after you invest making you not worry that they are not scam but in the end their coins does not have value. scammer today are knowledgeable and educated and they do everything just to scam others. the best way to avoid ICO scam is to research every detail you can gather and ask others about their opinion and research too.

Even if they do that, if they are scammers, they could just run away with your money without continuing the project. Then all you have is a bunch of worthless tokens.

You cannot stop scammers from starting ICOs but you can stop being a victim of them by wising up. Know how to detect scams and research the product and the devs involved in the project before sending them your money. If every one gets wise enough to avoid shady ICOs, eventually those scammers will stop creating ICO because there are no one left they can victimize.

I meant, you send ETH from MeW/MetaMask wallet and ICO holders send coin back immediately. Check betrium.co for getting a better understanding of the concept.

now I am based on the professionalism of a project, including the look of the website, the validity of the documents, the validity of the team profile, the interest of the crypto community, the developers in the telegram and the logic of the total coin supply as well as the scope for the business model.

There are no particular way to stop scam ICO, but the only thing that can protect from being scammed is your research about the project. So before entering into any ICO's, it is important to go through its white paper in detail and understand the project and the review of the project in Bitcointalk forum also matters.

There is no easy way to stop an ico scam. But the best way to minimize such risk is through research. Also, you have to bear in mind that we have to do our own due diligence in investing our money, and investing our money is not always a sure fire way that we will profit from it. There is an inherent risk that we might be scammed or it is not just profitable enough.

In its virtual nature, the ICO market knows no boundaries, but also strict legal norms too. This makes it a fertile ground for fraud, theft and failure.
Everyone who is interested in this or that project can order a professional check from well-known specialists.

Due Diligence
Comprehensive verification of the project.

Successfully conducted ICO does not guarantee the successful implementation of the project. In its short life, the crypto currency market has already faced scams and the inability of the project team to implement the project that received funding.

Due Diligence forms an objective opinion on the investment potential of the project. On its basis, the investor can take a more informed decision, and the project team eliminate the project's shortcomings before the ICO.

When financing the project by private and institutional investors at the pre-ICO stage, the question of the cost of the start-up before and after the investment, and the fair distribution of shares in the future project between its initiator and the investor may arise. Both parties can make informed decisions based on an independent external evaluation of the startup.

Kreston GCG has a large appraisal department specializing in the evaluation of technological start-ups. Our team possesses the knowledge of the field of cryptoeconomics and applies the international standards of valuation (IVS, EVS, RICS) in accordance with the best world appraisal practice.

The only important things there will be a relationship between the developer's history with all of their social media account just like linked. But about the vadility of document seems a bit different with it because it can be manipulated. The team must try to prove if their are all humans with real identity through use streaming feature imo.

To know how to identify the usual characteristics of an ICO scam and spread the knowledge about it. Stopping people who wants to take advantage and do illegal activities would be next to impossible and the best way to fight them is to reduce their possible victims.

Its very hard to identify whether the ICO is scam or real. But if we followed below research we can avoid scam ICO.

1. Check each team member linkedin account whether they promoting their projects or not.

2. Check telegram accounts too. If they dont have real team, just assume that as scam

3. Do not believe high discount project ICO

4. Do your own research and learn new things. Do not trust others

   I think theres no easier way to identify a scam ICO.You must check there team and ceo . Avoid rushing to buy.check there road map if they have greate plan for the future amd there whitepaper tpu should read then carefully.the most importante is the popularity

The easiest way to stop ICO scam is to have ICO regulators in the crypto space that approve your project to commence an ICO base on terms and regulation.

If you get tokens straight after the purchase it doesn't mean that founders of scam ICO project can't just go away with your money. The best way to stop scam ICOs is to make a dip research about a project before the investment and don't listen to others.

Some ICOs are obviously scams, but some of them may be unsuccessful. We should see the difference between such projects. Anyway,  try to have as much feedback as possible about any startup you are going to invest in.

Agreed - proper due diligence is still required. However - when launching our own ICO with smart contract distributing tokens automatically based on amount of ETH received, i was surprised to see how many investors never had this kind of experience. A lot of ICO's still send tokens through their own system or distribute tokens after the crowdfunding stage. Which is strange - as automatic token transfer has been made possible in token smart contract....

Anyway - a red flag for me is a major token giveaway and insane bonus system. Token distribution is usually when average contributors get ripped off

I love that concept. If every ICO would immediately give the tokens,  it would prevent hack fraud stories,  ico target didn't reach scenario.  

It is sad to know that ICO is being abused because of its disadvantages like it is not regulated or registered. This means users will not be reimbursed if something were to go wrong. So, to at least to minimize the chance of getting scammed we should thoroughly give ourselves a time to take a deep research.

 the fact is we can prevent of being scam always if we know how to search for the sake of our money. Which is the good one to invest and indeed that is easy way how to prevent those scam schemes . And also i suggest to don't jump quick if you don't have enough information about it , so make a research and don't rely on others thought to ensure that you're money is safe.

I agree with you on that,  I think they also have to implement a strict requirements before developing a new ICO.  But whats best right now is studying the project first before getting into it. 

There is lots of people doing scamming professionally neither KYC or sending directly to ethereum address doesn’t dolve proble but there is lots of ico managing platforms like kickico or comsa still some new projects providing solution for crowdfunding supporting these platforms will reduce Ico scams .

I think ERC20 contract ICO's is better than others it is useful for test scam from non scam in some cases

As in any industry and in any business there will always be scammers. It is necessary to carefully study the technical documentation of ICO and select a verified team

some experts have new idea only vrified team is not best way to identify realable ICOs. I think all parameter must consider in one package to determine scam ICOs from other. so ERC20 is one important parameter inside other main parameters

A good idea. Surely there will be many more ideas. And surely new ideas will be born by hackers in order to gain access to our means. And for sure there will be scammers on the ICO. This can be avoided by taking a closer look at the safety and study of projects

There are no easy ways to define a project as a scam. Scammers come up with more and more sophisticated ways, misleading us. Only your long and hard analysis will help you avoid a scam project. And it's very good when there are friends who help you with this. There are times when you make mistakes yourself

Of course, analysis of ICO projects must always be carried out, without this, one should not even think about investing. And even this does not completely protect you from scam, but so you will do everything in your power.

It's funny to see how easily people fall in ICO scam.
When people se a nice designed project they can not say NO...
People buy the design and not the project...so it is.

Yes, people are attracted by a beautiful wrapper, so they are subject to scam. Most people do not want to understand all the intricacies concerning the project, they want a quick profit.  :)

Scammers don't stop to scam people as long they never got what they want. We need to do is avoid them research the ICO  background off this a legit or not. But sometimes is hard to know if the ICO is legit or not because some of them is really good to incomes to deceive the people.

That's right! scammers will never stop and continue to scam people, it is happen every-time and we can't notice them in the first place, they just run with no trace. Even for a KYC scammer just used other identity for it.

Sometimes it is really hard to determine whether the ICO is a scam or not. Everything can be faked in the internet. If you think the ICO is a scam, then might want to report to any admins or request a validation. You can consult to experts as well just to be safe since accusing is bad.

in my opinion, the easy way to prevent scam ico is by the verification process of kyc provided by third marriage, such as kyc legal, icopass, or other, and create a special board other than sec specifically for cryptocurrency

Now there are no real methods to combat them, only prevention and research. And all sorts of individual development will only sift some of them, but most will miss it. So you need to be careful before leaving with your money.

I think the only way to avoid scam is to analize the project yourself and try to understand whether it solves an important problem, has a cool team and rather popular among investors. But still it is rather difficult to understand whether ICO is scam or not.

Well, we cannot stop ICOs on scamming their victims but we so prevent them as one of their victims and one of the best ways is checking their credibility and reputation through social media communities especially their Telegram Channels.
Good ICOs have many active members on their social communities.
That way, you could tell the difference, scam ICOs have no social communities...

OP is talking as if scammer are fool to be easily detected,they bright,and gifted of skills only using for darkness,no one can stop ico scamming unless they copy all the thread to existing ico project so the moderator can do necessary actions towards the said ico,lots of campaign now about ico is almost perfect like legitimate project ,and you will only notice if time comes you become a victim

There are some members who really do spend time on research in order to deal with this scammers.
And they said that those scammers are difficult to figure out because they could even make more and well designed websites and road maps and the team are too good to be true.
That's why there are so many investors are falling on their websites because scammers are indeed more talented than the real developer and website designers.
For me, in my own opinion, Telegram Community could tell the difference because active members would be enough proof that their community is legitimate and not a scam.

If you made the people behind the ICO do a KYC/disclosure process it would eliminate the scams.

I do not understand what you mean. not as easy as what you say, to know ico scam need fundamental investigation, you must believe in theory and strong evidence. and chances are if it's a scam, you will not accept anything or its tokens.

There's nothing we can do to stop ICO scam.
The only thing that we can do is to check before we join the ICO.
Check and read very carefully before we join the ICO.
Whitepaper,Website,Developer, then we can choose should we join or not.

Perhaps that is the right action to reduce many ICO scams that keep coming. unfortunately, there is no third party or agency that takes care of the legit or not of an ICO? where the third party may impose a ban on the ICO if they do not meet certain conditions. maybe if any agency can do that. it will be very helpful

Do a thorough research before investing in any ICO to minimize fraud. ICO scams will not stop unless there are some rules to set ICO which is impossible because cryptographic data is a decentralized asset.

yes I agree. this is what the OP should know
to avoid a scam, always try to do the research as a whole and compare with some other ico. yes try to find more information about ico knowledge and investment.

I don't think there is any way other than regulation (government, private company audit, some comunity regulation). Ifthere is an ICO, some people will still send money even it is an obvious scam. Look what happened in BEE token ICO. Team several times on all platforms informed everyone they will never send ETH address via email, the only valid address will be supplied with the video of CEO holding it. Guess what happened? People received fishing email and sent ~1m USD to scammers. Seriously, people are willing to invest in anythig. The only way is to stop scam ICO from starting.

easy way to stop fake ICO or ICO that is not good you can see from Whitepaper know the team behind the ICO project and see on icobench.com I see there they give a good assessment of ICO and whether or not.

Hi, in fact, the question is very important, as recently a lot of ICO has been conducted, I believe that it is necessary to create an appropriate body in which each company must register and conduct ICO and provide relevant documents and make a certain contribution that will help return funds to fraudulent projects

I do not think KYC is a bad thing, you just need to send them your ID documents and its done, this will be good for crypto projects, investors and the icos in the long run.

I believe that KYC is necessary, but also control over the use of information provided by me is necessary. I do not mind that any international body controls all ICOs and, in case of detection of fraud, strictly punishes the organizers.

fraudsters were-is and will be!
and from this no one is immune, and this, if so happened, can not be avoided!
but if you are careful and do not hurry to invest and work with ICO. it's good to study everything, read, watch video lessons. then you can bypass these people!

I do not know the easiest way but believe that the efficient one is to use more thoughtful, reasonable and cherry-picking approach while contemplating investment opportunities, saying the same in another way, we need stop investing in scam projects.

ICO scam will only be stopped when investors will start using  their heads not just for having dinner!  As soon as people stop putting their money into projects with no future,  there will be less scams.  ICO teams will have to present a working product or technology in order to attract investors.

Kyc is coming recently to cryptocurrency world. There are so many pros and cons between the member in cryptocurrency.
Some said is good because kyc is needed by project explain the project is regulated. Some said its useless like you. For me i am neutral.

I don't think it is really possible to stop ICO scam. I think we should be focusing on the other side. May be some regulations and licensing is not so bad in the end of the day.

Yes, I am also now inclined to the fact that regulation of this area is not such a bad idea. The main thing is not to overdo it with regulation, so as not to harm the ICO sphere.  ::)

There's no easy way I have seen some ico that was predicted to be huge but turn out to be scam one of these is nametoken, until know they fail to give investors what they promise, although they are refunding some of their investors, This scam ICO are here to stay.

Technology era, no one can stop the fraudulent ICO projects. We should be more careful when choosing a potential ICO project to reduce the risk of investment. You should consider staff, roadmap, community .... etc. These factors speak up the quality of the ICO project.

how to protect yourself from scams, dodgy investments and down-right bad guys.
Lack of Online Presence: Always check the team behind an ICO.
Guaranteed Profits: If an offer sounds too good to be true, it is.
No White Papers or Bad White Papers: A white paper is the core of an ICO proposition, and should outline both the technical and fundamental drivers of a project. If there’s no white paper, don’t invest. Always check to see if a white paper is plagiarized by performing a search for quoted passages
Imbalanced Premines: A premine makes a specific amount of tokens available to early investors or team members before an ICO crowdsale goes live. If an ICO reserves a massive amount of capital for its team, it’s likely an exit scam

Nowadays scammers are so ingenious that they can even forge timetables, for example, to take and insert into the development team real people who don't know about it at all. How to find the truth?

There's no easy way,you have to depend on yourself to not getting scammed by those shady ICO.Research their background info and decide for yourself if that project is scam or not,don't be blinded by their sweet promises.ICO scam can be stopped only when cryptocurrency is not a thing anymore.

I think there is no way to block phishing ICO projects, we just learn, improve ICO knowledge to analyze them more thoroughly. Avoid phishing projects that reduce risk. The technology market thrives, no one controls all the ICO projects.

If it is so easy to prevent scam, it didn’t exist at all. But now we can see it everywhere. It is a pity, but scams are very difficult to avoid :-[

Well, KYC is not useless for project developers. As if taxman will come to their office or they need to do full audit, they have people who have contributed to the project and can show that data..

Stopping the current scam ICO is not possible because of the sales of each ICO's Token amount. Often ICO projects will distribute Token after the launch of the ICO because they will then count the number of Tokens that will be allocated to different campaigns and estimate the number of tokens per skate. Therefore, it is necessary to have excellent ICO project analysis skills through indicators to avoid ICO scam.

It is no easy to spot the false project (although the small percent of ICOs can be seen in the start). The whitepaper is key for the revealing of the good project. Also, many of the ICO developers are providing the list of their consultants which can be revealed as false if researched thoroughly (some consultants don't even know they have been connected with the team).

ICOs scams cant is stopped if the developers are smart enough because when they see a small amount of possibility that they are revealed as scammers they run without a trace with the money the investors had given them. Investors must stay vigilant if they don't want to lose money to the scam projects!

Scam projects are really hard to find nor it can be stop easily. Scammers are just keep on hiding their real identy in the public and we all knew that here in but everything are anonymous.
Absolutely there is no such ways to to stop this,  it is our own perceptions to find scam and never engage with them.

For me ,the best way to stop ICO scam is that there are some organize  division of this community to filtered those coming ICO project  if this kind of platform is fake or scam so that  the moral of this community will remain high and not affected those who only things doings is to make a fraud into this  community forum.actually  its hard to determine if that ICO is scam, but if there is part of this organization that filtered the incoming ICO maybe the scamming in this forum  would be minimized.

This is the first stage of prevent ico scam but i dont think this is fully working because scam is not only about dont get the token.
Though we get the token but we still get scam if the token does not hve value because the developers dont do like in whitepaper.

We connot stop Ico scam because There are so many ico that also scam not once but some of them also. Its better to be careful.

I agree they need make research for it because its hard to stop scam, because they have good project so we dont know if scam or not.

Thats right , and also need to share some scam there to avoid people to get scam. Thats why be careful to choose always.

There's no easy way in stopping ICO scams as they start like a legit one at first and just goes undetected after they've acquired the funds. If an investor is meticulous enough to check everything before investing then there's 60% chance of being scammed. The 30% will depend on how the ICO team performs after a few months until the end of the ICO and the 10 percent will be if they will be really listed on crypto market exchangers.

I don't think what you have proposed is a solution to the ICO problem. I think the public needs to educate themselves more on the dangers. Nothing in life comes free. People need to understand the reason the rewards are so high is because the space is so and the risks that come with that are huge

Hey, good question, I really agains all these KYC procedures and regulation on crypto but when we talk about ICOs I should this field should be regulated for sure, as none of us I am sure do not want to be deceived.

A certain filter of scam projects will really make life easier for investors and those who perform bounties, but the screening is unlikely to happen sometime.

I agree, I think that it will be much better if the ICO will be regulated by the state by analogy with the IPO. This will provide additional guarantees for investors and will make the ICO more secure. Only scammers will suffer.  :D

Yeah this is the only part where I somewhat support heavier regulations. Too many ICOs and even airdrops are just scams nowadays

Hello!I agreed with that need to regulate this icos becose more and more came to scam honest peoples who invest in they project to get profit..I think need to build some regulation project on blockchain where is all ico information conculating,and all faces,names,surnames with scamers all around the world,and option to ban they,blacklisted!

If he is millionaire because of bitcoin or cryptocurrency mean he is a succes man and has great story in this capacity.
Learn from such person will give us more value about how to invest in ico. Its not guarantee for us will be success  but at least we get new lesson from person success story

I think you are very confused about why they need to do a KYC. A scam can very well sell you tokens straight away but there could be useless, worth zero.

This won't stop ICO scam. Because what, even if coins received automatically to our wallet, this coins doesn't have value yet.
And team still can scamming us, it's easy, just leave the project and close their website. And then coins will not have value anymore.
Stop ICO scam is so hard men, not easy like this.

This is not a good way to stop ICO scam. Becoz if they give their token to your but Dev team stop developing their project the token price will go to hell.
I think you should research about DAICO, DAICO let investors vote and get back their money if they don't contentment with Dev team.

Yes, I'm also sure that such simple methods can not defeat scam in the ICO. To combat fraudsters, it is necessary to introduce regulation ICO. But there are positive and negative points in this.

Thanks for your advice. I'll watch him.
I think crypto community have to develop some anti-scam rules.
Mandatory escrow for ICO for example.

Yes, it is necessary to develop new methods of fighting fraudsters, current methods work very poorly. It remains to rely only on yourself and do a detailed analysis of projects.

There is a Vitalik Buterin paper that address the ICO insolvency issues.
https://people.cs.uchicago.edu/~teutsch/papers/ico.pdf
This could be a nice solution, and if I remember correctly some project start to use it! Probably this hype with ICO will end pretty soon with a new global regulation.

The only way is to eductate yourself and know about business, take the time to read the white papers and do some math or ask someone their view. No shortcuts.

Even then, you can't say for sure if it's a scam or not, even if everything looks good.

I hope that this method really will work, because now the situation with fraud in the ICO sphere is gradually developing into a critical one. Regulation in the ICO is really necessary.

The best way to keep away from scams is to keep yourself educated. Its as simple as that. Do extensive research on the project that you intend to buy and always put in money that you can afford to loose. If you follow these 2 simple steps you will end up good no matter how markets are moving.

I think there is not any easy way to do it. I believe the platform of decentralized Escrow can help in this. Thanks to them investors have the right to vote to finance the stages of product development. I've seen a couple projects with such ideas, but not any final products yet.  At the moment, this is my only possible but heavy solution

Perhaps decentralized Escrow will be able to change the situation with the increasing fraud in the ICO. I would like to see how this system will work.

Stop investing to them.

I think the same. Some regulation and responsibility will be good for this market.

You cannot stop ico scam in that way even if they will send your token right after you send your eth on their contract address we should be the one who research if the ico is legit

it is very difficult to stop the scam ICO, but may be minimized with the ICO regulation. With regulation, the developer team and the project are required to take care of licensing to the relevant agencies in accordance with the rules, such as ICO DeHedge (as seen in my signature), DeHedge has passed Regulation D (RegD) permissions in United States. with this permission, will increase the trustworthiness of an ICO.

not to invest in cleshe ICOs :D

There are several ways to stop ICO scam. One is to install internet security software to your devices. The other way to is to secure the passwords and important data by keeping them in a safe place where no other pople can find them.

to remove fraud. We just need to shoot everyone! =)

Wow! yes, if we all go that way surely ICO's are getting nothing. But this is an investment mate, still we need to gamble our time and money to them for making profits. Maybe we are all aware about scam and yet, it's our instinct to determine if a certain ICO is legit or not then decide to invest.

Scammers are not directly noted on this business, they are people really involves on this particular business, with high knowledge on how to access and enter different transactions, we can only noticed that those people are scammers when they don't provide on what they promise on the transactions being made.

We cannot feasibly say we could stop bogus ICOs from scamming unsuspecting investors. What we could do is be careful in investing to not be victimized by these shams of a company. The best way is by conducting researches and earn knowledge for yourself on how to track this fake ICOs so you could cross them out on your checklist.

i think there is no easy way to stop scam on ico because the scammer are always find ways to scam us
be safe all of us

I think that was a bet deficult to recognice on which campaign ICO is scam because there are some scammers make a good website even team and some good announcement just like myriads campaign they are scammer.

there use to be a lot of ICOs that suggests escrows, its very common back 2015 to have escrows but i guess there were no issues having non these days. having some good people in the team and advisors including those popular personalities are already acceptable these days. i guess we stop doing that already though buying and selling stuff here still needs escrows.

an easy way to stop the scam ICO is not easy because it will almost always be there every day.
need to do the right research and wise choice so as not to be fooled by their promise.
most importantly try to eliminate the risks.

I understand that you suggest, in order to avoid fraud from the ICO team, that they list tokens to signatory campaign participants immediately after they joined the ICO campaign and provided their wallet addresses? Then the participants in the signature campaign will cheat. What will prevent them from leaving the ICO campaign immediately after receiving the tokens, and failing to fulfill their obligations? No, this option is not suitable, it is also not ideal. In my opinion, all the same, it is necessary to regulate the ICO by state bodies or a recognized public organization.

Only for checking credibility and reputation through social medias and especially Telegram channels of course. Good ICOs have many active members on their social communities. So, u could tell the difference, scam ICOs have no good social communities...

I think KYC is a way to prove where the investment is coming from, but quite a few investors are willing to provide personal data to ICO developers.

Only thing that can stop these ICO scams is a regulation which is impossible because most of the people using cryptocurrencies want decentralization in our system,if there will be regulation its like becoming a centralized offering which isnt healthy in our decentralized market,either way you can have a lot of time to do some research if you are really into this ICO investment

Now have many scam ICOs send their coins after you invest making you not worry that they are not scam but in the end their coins does not have value. scammer today are knowledgeable and educated and they do everything just to scam others. the best way to avoid ICO scam is to research every detail you can gather and ask others about their opinion and research too

This means users will not be reimbursed if something were to go wrong. So, to at least to minimize the chance of getting scammed we should thoroughly give ourselves a time to take a deep research. There is lots of people doing scamming professionally neither KYC or sending directly to ethereum address doesn’t dolve proble but there is lots of ico managing platforms like kickico or comsa still some new projects

Yes by sending the coins in the wallet is one way to stop the ICO if scam. But I think it is not the best answer for impossible to notice sometimes if one project is scam unless you found out everything whether scam or not scam. To stop ICO if scam is to stop the campaigns. I think this is the best way to do.

Nowadays, scammers are rampant here in cyberworld which we need to ne observant all the time since nit just scammers here but also spammers and hackers. Those ICO which are scam is not easy as what you think. At first it's so promising but after they have already many victims they just suddenly disappeared. Hopefully each of us must aware here in crypto currency community.

The easiest way to stop ICO scam,is first not to invest that kind of hoax project platform,second  is to inform all part of your community,or some of your friends who belong in this cryptocurrency bussiness,that you feel something fishy of that ICO project now  come out in the market,third is  research that kind of project if its legit  from the white paper,the staff,road map that all of there presentation is genuine,so otherwise you can find a good ICO if that project is marketable and the community manager is good communicator,so thats why to stop this scam ICO is to filter it and to determine its been  a ponzi or legit project.

If you want to prevent ICO scams, you should first check the ICO's information, check the community and do not click ICO advertised on google.

I don't think we can stop all the scammers here from doing wrong, because even if we stop one people, there are more will rise up to do the same thing, because they don't think of working in a descent way, they only want easy money.

We cannot really know which ico project can turn to scam since most of them is a promissing one but you have a point in that scenario the best way we can do to stop that kind of project is not to invest meaning we need to check carefully the project detail the team behind them, but in the end its so hard to know the hoax project so everyone must be careful.

Do a thorough research before investing in any ICo to minimize scam. Check the problem intended to be solved by the project.The best thing people can do as of this moment is do their research and put to heart how to avoid these scams as they are everywhere.

Scam is a significant problem in ICO, and the most victims are those new comers in ICO business, because they don't have enough knowledge on how to determine on a group of scammers. And this is my friendly clue to the new comers, if you are planning to enter on the line of ICO business, just ask first to the people around you that already knows about ICO business, like for example if you have a family member whose already accessed and having a very high experience in crypto business, just keep on asking them to avoid scammers.

It is impossible to stop it.

I know because i have lived it that you can be wrong.
I have been bombed with red trusts for offering profit in 2015.
Since all my investors have been cashed back with profit.
But even not one redtruster has admited hes error and nowadays I have on my head many readtruts.

With ICO it is even more difficult to know if it is a scam or not.
Many people here do not know that they make more bad than good...in knowlege or not,but they do.

Once you have said something wrong,it is impossible to repair.
For so many people here I be a scammer,just because I got red trusts for wrong reasons.

Sorry,I could be an avenger...But I do not want to fall in the same wrongness...
When it is impossible to say in advance,better is saying nothing.

If you feel consumed by fear after reading the white paper, it is very likely that you have been emotionally manipulated by the wording and structure of the paper. Most likely, the team who wrote the white paper would have been capitalizing on your greed to push you to make the purchase.

To staop ICO scam do not invest hurriedly, research, observe there social media platform discussion,checkout on the team involve  in the  ICO, with this you can be sure to reduce/ stop  being scam.
Also I hope in the near future we will have ICO regulator in the crypto space, this will sure help stop scammers operation in the space

The best way to stop ICO scams is to research the project before investing and not listen to others. If you get a token directly after the purchase it does not mean that the founder of the ICO project fraud can not just go with your money

If people avoid the ICO and don't invest in it that will solve the problem if they don't raise any money. Also keeping people informed on this forum helps educate everyone to stay away. There is always going to be a risk.

What you are saying is good buy impossible for no one that has control for the ICO team except themselves. If you want to avoid such thing try to look at first the one that managing the campaign if they are not established member then try to take a look their community and then the white paper. I choose to make it at the last part since good white paper is always depend on the team and the community.

Yes I don't see crypto on KYC anymore. I mean crypto is about anonymity of holders but taking KYC is very ironic. And All ICOs I suggest must have a real transparency for all to let investors and bounty hunters monitor the status of the project. Keeping  all the data in private is just a greater possibility that the end-customers will think negative whether scam of failure.

I think the best way to prevent scam is the regulation of the concerned government. If there would be strict laws implemented regarding the establishment of ICOs maybe they will be careful enough in transcting business with their customers.

To identify these fraudulent ICOs, you should investigate whether the ICO community is large, or you can find out who the founder of the ICO is and should trust these people. Choose wisely because there are so many new ICOs every day

It can be very difficult to tell which ICO is a scam and the one that isn't, The only way one can effectively do this however is through thorough research into the ICO,exhausting all the possible information there is about the ICO

in my opinion, the fraud that happens will be difficult to remove. So, what needs to be done is research and learn from someone who has experienced. The point is always to be careful not to go in but having someone experienced will be the best way.

we cannot stop those scammers. even if there is an easy way, we cant still stop them to scam other people. the only thing we can do is to become strict when choosing an ICO to invest with.

Read the whitepaper and see if the ICO has a good project. Don't invest into something without researching

The most common failures are startups, associated with the development of block-based platforms and operating systems based on the blockbuster. To adequately assess the prospects of such projects can only be a few, so choose the one that really shoots, the newcomer will be difficult. In addition, competition in these areas is so high that many developers simply do not have the competence and resources to break into the market. Therefore, it is better for ordinary investors to immediately cut off such projects.

Report them to the authorities, use social media to post warnings about the ICO and don't forget to provide concrete evidences to support your claims or create a website for posting the list of ICO's that are considered scams.

Won't work, scams are always vanish right after they been detected at scamming. Vanishing with all of your money by the way

The best advice is to do your own research. Scammers will never quit. The best advice is to call out the scams as soon as possible to limit the number of suckers they can hook.

the best way is to regulate this sphere as the common business sphere. make the organizator to take a responsibility with their money, that`s all

Look into airdrop for Marinecoin. You get 20000 coins for every proof of promotion. you cant lose anything. Marinecoin this is a crypto currency. This is really a time tested, dev-less block chain technology community member. Easy to use block chain code. Community backed. By ensuring the widest fair distribution of the coin increases the likelihood of a broader base of adoption of this crypto currency. It has fast block chain transactions and is dev-less. https://marineco.in to register + https://marineco.in/ico for ICO.

I think we need better smart-contract protocols on blockchain platforms which host ICOs to better protect investors from total loss of funds. Like releasing of investors funds in phases: Q1, Q2, Q3 & Q4

Sometimes it is not about the ICO projects who are demanding the KYC's from us but its about the regional rules and regulations who are making this happen. I mean they are the one who trying to get the strict rules amended for such crypto projects. As result of this ICO has to present the KYC and show that they are doing everything in legal way.

Apart from this they are trying to get devoid of the scams also which are being done because of multi-accounts everywhere. This leads to bad reputation and false investment. Thus having KYC limits the user load and make it legit one too.

This won't prevent a scam from happening.  Yes, you may receive the tokens you purchased but if the team abandoned the project and runs away with your money, these tokens you have received are worthless. 

Honestly, I agree your idea. I mean, we need a board to eliminate scammers. But, most people in crypto world will disagree with this idea. Because it would be as a centralized system. And government will put some taxes for every ICO. And it's not working, I think.

Well, this is so true for me. It was a big dilemma for us. Crypto world should bring the anonymity in the first place.
But more scammers coming in every day, so many ICO or exchanges want to prevent that by using KYC.

You can't stop scam ICO because there are too much ICO project, how do you know which one I real or not, even if kyc required also become scam project, so we only can try our best to lower investment risk and do a lot of research about the project before doing investment

Amm, just switch on your mind and not to invest in scam ICOs is the best way:)It`s not so difficult to check out which project is scam,especially now,when popularity of ICO slows down.
ICO holders can send coins to you,they even can make smart contracts, own blockchain,nice pr-campaign, etc, but whatever easily steal our money and after sending useless tokens go away

ICO appear incessant, distinguishing a scam and not sometimes difficult if you have a way may be given. depends how we analyze and smart looking for news sources ICO scam or not. KYC and not have a relationship with ICO scam or not.

Forget the moon this one is heading to Mars, at least that is one of the long term goals for the blockchain.  Check out Marinecoin, MTC.  They are distributing 9 billion MTC using time dilution technology to fairly reward anyone willing to promote the new ico.  The project is eco friendly requiring minimal power to run the whole network.  No miners needed either so they are awarding most of the coins to promotion efforts.  Great time to scoop a bunch up for a bit of effort.  self sustaining - iot - community - zero fees - mtc -  Learn more here.   marineco.in/ico

since we are dealing here on an easiest way to stop Ico scam,my opinion will be in relation to most of the advices from the team,doing research thoroughly,listening to advices,educating oneself to the advancement of technologies,It may sounds difficult to do but our intellect will be the easiest way to be friend of,the fact that scammers are always there,knowledge is the key to fight against it. 

ICO scams are inevitable. These scams are existing because we let them but we can't tell if they are scamming or not unless the Bounty is finished. Find better Bounty Managers just like I did.

thats one way to make sure you receive the coins but there i very little stopping the ico from dissolving after that and leaving you with worthless tokens. so keep doing the research on the team (as well as everything else)

Go Green!

I think the easy to stop ICO scam is to apply small regulation to ICO. They should make that any project that wants to do ICO will through company registration in the residing country and pass some security checks, that way ICO will be free of scams. 

This step could help. But scam always will be in business.

Agree with you, but why do not click advertising? Companies very often use advertise for ICO, product and etc. This is normal practice for me.

It is necessary to filter the Ico, make a threshold for entering the market for them, or create some kind of stress tests that they themselves are eliminated. In general it will not be easy, but otherwise we will continue to get into their networks and lose our hard earned.

The Chinese broke this chip and decided to stop the uncontrolled outflow of capital by banning the ICO. But it did not really help them.

I think we can help stop scam ico by spreading the word and letting everyone knows that this certain ico is a scam. Spreading the word helps potential investors to rethink or not investing at all to these certain ico's. Always be cautious when planning to invest on any ico, always do background checks.

Why no? There is a clear procedure like Escrow, you know.
It provide more secure participation in ICO and Bounty.
But we should choose an Escrow agent with high trust.

Stopping ICO scam is almost impossible because no ICO will indicate from the beginning that it's project is a scam until after they've gotten what they wanted from people and disappear in the thin air. I think that since it cannot be stopped, it can be managed to some extent by the boards of this forum, they should be able to meet up to some level of standards with conditions before accepting them.

It would be difficult to stop ICO fraud, especially crypto-it the free world. Almost it seems that the law doesn't exist here and to risk depends on you. It is also difficult to define ICO fraud if management is good in it. It is better to consider the project or, at least, to make some researches if their news or updates are right.

Technology is just a tool which can be manipulated if the people behind the ICO are scammers. I do not think there is a easy way to stop scamming ICO until all the people become honest which will not happen. The best thing we can do is trying to avoid the scams by doing your researching. 

Yes, it is necessary to develop new methods of fighting fraudsters, current methods work very poorly. It remains to rely only on yourself and do a detailed analysis of projects.

This does not solve anything, for example: you get a token that's useless because the team left the project, it's the same as when you receibe nothing.

I think this is not a good solutions because you can have the ICO coin in your ETH wallet but if this coin has no value because the project reveals a scam you have nothing...

I believe it is not possible to stop ICOs scam.
people believe that if an ICO is well presented it is not a scam...and if it is just proposed,it is scam.

Off course there is no way around this one just because of one thing and thats decentralisation. Neither there is control of any regulatory body over this one nor any initiatives are there. So whats happening is simple but bitter one, ICO's are being made, they are collecting the funds and KYC along with it but they are using it for their own purpose and just to show up that how they are being legit one. As long as there forms no regulator for these kind of projects we are not going to see decrease in the scam rates at all. The tricks like sending of tokens pre-loaded and stuff doesnt really work mate, its far to complicated than we think.

That is going to be hard for ICOs to adopt and I am sure anyway not all of them even if they are good ones are going to accept and do this thing. I would like to be this way because everyone will receive their coins instantly but people will always find ways to scam people doesn't matter what they have to do. Even if they send coins to buyers instantly after paying they can cancel the launching of their coin on the market so coins price remain 0

Its not possible to completely eliminate "scam" from ICO market, millions (https://techcrunch.com/2018/04/18/another-day-another-50-million-ico-exit-scam/) have been lost in various ICO scam. We need to do proper research before investing into any ICO. Many people fell in ICO scam trap after visiting the catchy website and a 2 min short movie explaining the ICO. Not many pay attention to whitepaer, founders, roadmaps and most importantly is there any version of product already launched, these are just small steps that can be save you from an ICO scam. 

It's a good reference for us both bounty hunters and investors to avoid or even minimize the ICO scams. I've checked the link and I found some interesting and important things to always note. I also do some of those ways in choosing the right ICOs, but not all of the information I have known. SO, it is very helpful for us. I also know that avoiding the ICO scams or additionally stopping ICO scams are very difficult. They are smart and they are systematic. therefore, we can just try to minimize or avoid the ICOs that are probably detected as scams.

It is hardly possible to stop ICO scam

Fraudsters will never stop until they get anything from the scam, there is no specific way to stop the scam, but the only way to prevent fraud is to study the project.

Scam nowadays are famous there's a lot of ICO's are coming. I think we cannot stop scam ico's immediately but we can avoid it. Before joining the project do your research, deep research if the project is legit and avoid also suspicious ICO's.

To reduce the risk of scam, you should always be careful, before investing into the ICO. And you always need to do thorough research and check ICO's team.

to stop scam ico and other fraudulent mode, I think it takes the involvement of all the marriages, ranging from regulation, independent rating and not demanding fees, clear regulation of related institutions, and strict sanctions for offenders

In fact, most projects send tokens automatically on a smart contract, when you send your ETH to them. But this does not help to remove scam projects, these tokens can cost nothing.

it should be applied to every ico if there is a release ico, this happens to anticipate a scam loss. including a clear rule and a rule of law. so I think it should be applied and clearly notified to the public.

The easiest way to stop ICO will be  directly from our campaign managers, It is the campaign managers that always relate with developers of the project directly. I have seen a manager come out and declare that the ICO campaign he is managing is scam. I think if all our managers do their homework very well the rate of scam ICO will reduce.

As always u can't stop scam ICO because there r too much ICO project, how do u know which one I real or not, even if KYC required also become scam project, so we only can try our best to lower investment risk and do a lot of research about the project before doing investment

Knowledge is the best weapon to avoid a scam. My experience dictates that you look for projects that reward speculation, and that focus on making a "New Bitcoin". Ser Coin or token has no relevance. Search for projects with a reason, for example, https://vitatoken.io

You can't stop scam because first of all it is hard to know which one is real and the scam one, there are so many ICO projects. Before joining an ICO you have to learn how to identify the real one. You must have a strategy to know if the is scam or not.

This seems to be a good idea, but it is for us, I doubt that all the ICO projects would like to cancel KYC furthermore it is regulated by law.

Doesn't really help, if the team runs away then the tokens are worthless anyway lol.

We cant control it but we can be aware of it...  For me the best way to lessen this reported scam is to keep everyone aware of it... And how?  If you find out that certain ICO is scam...  You should share it here it will be very helpful ...  If everyone will do it  surely we will lessen it...  But as the one who uses crypto we should be the one who have our own research about ICO...  If we are the one who will do probably we will never become a victim of it...

The easiest and most efficient way to stop an ICO scam is to not invest in it period. The more money that people make from running ICO scams then the more ICO scams would be pushed into the market. If they do not earn any money from it and end up making losses from the costs of setting up and running an ICO then they would stop trying to scam people.

Maybe we are all aware about scam and yet, it's our instinct to determine if a certain ICO is legit or not then decide to invest.

Yes, no matter how you do not fight it. If you are deceived, they will do it. You will be beautifully painted about the project and you invest in it, and you will not even suspect that they are scammers. Only your instinct will help you, which will stop you.

I don't think that ICO scams can be stopped. For, the people behind the scams are not predictable when they will operate the scams. We can also guarantee or predict which one is a scam or not. Hence, the best way is only to learn more about how to avoid the ICO scams or avoid the ICO that is indicated as a scam. 

Sometimes it is really hard to determine whether the ICO is a scam or not. Everything can be faked in the internet. If you think the ICO is a scam, then might want to report to any admins or request a validation. You can consult to experts as well just to be safe since accusing is bad.

Yes. We can not prevent fraudulent ICOs, let's learn the analytical experience to dodge them, get rid of those fraudulent ICOs, and enter this forum to let people avoid us.

you know we cannot blame people behind of something but you have to,
in fact knowing your customer is a good part as now because there are many many ICO's scam or scammers hahaha and the only way to stop that is like kyc. it is also added security here I guess ,
but take a note that if the ICO head will left we cannot do anything

I think we can help stop scam ico by spreading the word and letting everyone knows that this certain ico is a scam. Spreading the word helps potential investors to rethink or not investing at all to these certain ico's. Always be cautious when planning to invest on any ico, always do background checks. :)

The main problem, we don't know which ICO will turns out to be scam, there's ICOS with high reliability because popular people behind it and ICOS with low reliability because there's just random people trying to be the developer. To reveal whether an ICO is scam or not, the community need to look further searching for the developer footstep to reveal everything, but however, i see some of people sucesfully revealed some of scam icos so it may work as you said.

That's no way to protect us from the scam. If the developers are not responsible for their product to the users then they can make a fork of the finished coin and issue for their own. Automatic sending of tokens does not solve the problem scam

Scam nowadays are famous there's a lot of ICO's are coming. I think we cannot stop scam ico's immediately but we can avoid it. Before joining the project do your research, deep research if the project is legit and avoid also suspicious ICO's.
 :)

I suppose that it is not easy to stop ICO scams. The only way to reduce risk is just identify which ICO is scam. I have some that could share with you guys. Firstly be careful enough to do a background check on the members of the team and find if they had strong track record and reputation in the roles. Secondly, pay attention to the language and focus of the white paper and I would like you to pay attention to the overall feeling you get after reading the whitepaper. And maybe there are more you can find in this forum.

Scam nowadays are famous there's a lot of ICO's are coming. I think we cannot stop scam ico's immediately but we can avoid it. Before joining the project do your research, deep research if the project is legit and avoid also suspicious ICO's.

It's useless imo, i mean, yes you received your tokens from the ICO but if the project owner choose to abandon their project and run out after they receive the money from the investor, the tokens you received become useless and have no price. You can't even sell your tokens from the ICO.

You have to do a very good research to stop the ICO fraud. Once you have read and understood the project content, you can buy it. Who did the ICO come from? they are very important.

Yeah it's so simple. If they really are scammers they'll scam us no matter what it takes just to make their plan work. We know it's easy to be look like a legit one yet you're just hiding in a mask. And there's no way to stop them and actually this is all will start in ourselves for being knowledgeable and keen observant.

Not to invest in scam projects :) Here are some tips how to identify scams: https://icoguide.com/en/blog/how-to-identify-scam-icos

Investing in ICOs is a risky thing. There is nothing to be certain about the amount of money you invest in will not be fooled, the issue of trust will be on top. So investing in ICO, you have to take into account risks, not just profit.

In my opinion fraud ICO will not stop unless there will be some regulatory bodies to set the ICO that is not possible since cryptocurrency is assets decentralized, the only thing that you can do is make your own research in each ICO you want to participate to ensure that you will not be deceived. Don't let others give you a suggestion ICO, know their own and you will never be deceived. It's a good way.

You cannot stop ico scam in that way even if they will send your token right after you send your eth on their contract address we should be the one who research if the ico is legit

we can not do anything against ICO that ends with a scam. because we only act as participants. maybe the bounty manager is supposed to analyze an ICO before being shared on this forum

In my opinion there should be a topic popular on this forum, talk about scam ICO projects. I think that makes ICO projects scams very scary when they appear on the forum, so we will be less likely to make mistakes when investing in them.

I think we can help stop scam ico by spreading the word and letting everyone knows that this certain ico is a scam. Spreading the word helps potential investors to rethink or not investing at all to these certain ico's. Always be cautious when planning to invest on any ico, always do background checks.