Bitcoin Forum

How can I determine the legit one, and the scam one when it comes to ICO, bounty's and airdrop of altcoins?

It's basically hard to track down the scam ICOs unless there is someone in the development team that was involved already in some scams before.

You can figure it out in the long run but to know it from the very beginning, you can figure it out if they are acting shady, their way of advertising is shady and they don't have a transparent team that can front to the investors.

First, we have to preview their site, their marketing, be it ICO or airdrop, token price must also be monitored, and how many tokens have been sold, then we join bounty or invested. I think legit will be achieved.

Team, history, code, whitepaper, community and demand. They are all become important thing must need to be analyzed by you. It's so difficult in my opinion because the majority of scam ico looks fine and nothing happened with it. But you can see the community behind it and it becomes an primary reason to determine how good that ico is.

I agree with the above that you can see also from roadmap, white paper and website, basically have to be more careful because both promise a gift.

As people above me already stated, do your extensive research, dive into their team (background checks), partnerships, their behavior and promises, their social media profiles (fake followers/bots) and so on...all of these indicators can reveal major red flags and a potential of being a scam ICO.

The first thing you should see is the biography project team ico, whether the data is detailed or not, then you can judge those who usually you can see from their whitepaper, Additionally you can look like on the web site about ico, there already available in estimate of ico. Of course you also have to look at their web site, such as sponsors, listed on some websites as well as ico team profile.

I think the first thing you should look for is the whitepaper of the ICO. If it is detailed and gives all the information about the ICO, most probably the ICO is legit. Also do a thoroughly research about the ICO and the community.

There are so many criteria in determining a legit or scam ICO in the crypto bounty world of business. Some of them include the following; great team with lots of experience,powerful project concept with utility, large market for product, decentralized governance structure and a clear roadmap for the project.

It would be very hard to find the scam on the beginning. But it would be a good help to dig information of ICO/ airdrop before joining in order to minimize the percentage of joining the scam ones.

Unfortunately, it is not always possible to identify fraudsters immediately. We need to carefully analyze the project. Always pay attention to the development team. A strong, professional team is the key to the success of the project. All team members must be public and have their own profiles on social networks.