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1  Alternate cryptocurrencies / Altcoin Discussion / Way to distinguish between scam and genuine ICO's on: October 01, 2018, 11:20:03 AM
Several ICOs are being launched every month.  These ICOs are being launched through our bitcoin forum.  My past experience is that though some of the projects launched are good but on the other hand there are several projects which are  just scams.  These projects are just launched to cheat the money from the investors. And when the project proves to be a scam resultantly the bounty hunter is the person who also have to bear the loss for the work done by him.  His labour is not paid.    Also I would like to add that though the labour of bounty hunters is wasted in such projects but also the money of investors is lost.  I feel pain when I see no return for the  work done by me but when I think about the money wasted of innocent investor then in addition to being sad; I feel guilty too.  Bounty hunters need to be alert and aware enough while joining any ICO.  Before joining he must ensure the future plans of the project.  The past track record of the team behind the project needs to be checked.  Though above suggested steps must be taken by the bounty hunters.  But still there are several scam projects.  My suggestion is  Can there be some board / committee / group of persons technically expert appointed like administrators / moderators  who should be monitoring the ICOs being launched through bitcoin forum.  I also suggest that without their approval no project should be given green signal to advertise through bitcoin forum.  They should be reimbursed by the ICOs.   I think it may become a major tool to cleanse the forum from such cheaters.
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