How to identify SCAMS? Got in one :(

[blockman]

Determining the scam ICOs at the very first place can't be done. They are sweet in the beginning and you can't think of them as a scam but time will tell on how shady their plans are when you've got to know them better. Finding for a genuine and legit projects now is still possible but chances are low as most of them are stopping themselves to continue the project itself. But if you ever find one, do all the effort to verify everything related to that project to protect your money.

[justspare]

A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?

It is not that easy to identify potential scam ICOs. Because people are smart enough to modify and make up their project to showcase like a legitimate one. That is the reason, most of the time this community is failing to identify the scam ICOs. Only after getting them listed into exchange and heavily dumped, people start realizing about their scam. Because, such a scamming project's coins/toekn will never find recovery and then it will get delisted from exchanges. But, this kind of identification will not be having any significant benefit for the investors as finding a scam is being done here very lately.

Identifying scam projects is too difficult because of two reasons. First one must be, some projects are not intentional scam but unable to manage them properly they are failing and then scamming people by not keeping their words. Another type must be, even a project is good,  when they are not able to convince people to contribute into their ICO, they are failing and then it seems like a scam to people.

Obvious scams can be easily identified when they are not smart enough for hiding them. But, when an experienced gambler is coming up with a project, we may fail to identify them as it is too difficult job for anyone until experience that scam by ourselves.

[Driggers95]

I have invested 2 ICO in last year, they have the big success in the ICO, but after the year they only listing in the EtherDelta, another one, they have sold around half of the token, but they still have not listed in any exchange, and I can't find any update about the project now, this such is the scam project.

Tell me how successful they are. They don't even have money to list in a larger exchange. Etherdelta is a bad and free exchange that I know. I met hundreds of bullshit projects but they still listed in much larger exchanges

[Amberum]

The best way to deal with online scams is to avoid them entirely. After all, you don't want to have to repair damage later.

[OluwaTosin10]

The best way to deal with online scams is to avoid them entirely. After all, you don't want to have to repair damage later.

Mi think avoiding them is good but how do we identify them is the issue at hand
Because fraudulent icos or stos come with swagger and beautiful white papers which can wow any investor

What further identification can be done

[senyorito123]

A project without team picture is one of the reason to identify a scam projects because if they do not have a bad intentions they will not be afraid to show their team pictures,and there is also a project that you will not trace it directly because you will see that admins is very active and they are spreading a good development to their project but you will know that the project you participate is scam in the end because they lost like a bubbles.

[ipanks]

I think there is one thing you can do to proves it a scam or not. You can visit their office in the other country, and then you meet the dev and the teams directly so you can know what exactly they did with the project. But you must spend more budges to go that places and I think it's not cheap to go there. We cannot identify they are a scam or not if the project was on the internet because it is hard for ordinary people to know about them. They can easily change their identity into other people in any minutes, and they create the new project with the other people name and profile.

[PanGiMoon]

There are many ICO scam campaigns recently and to determine which is not easy. In addition to analyzing the index as well as looking at the website review, it is essential to do that to ask people on Social the potential of that project to make the most accurate investment decision.

But we all understand that the white paper and the analysis of the team is only a small part of the test of the viability of the project. We still need to realistically evaluate the soft and hard caps and the idea itself.

[darmin]

the scam is not an easy thing to predict. This is evident because many were still trapped and enter into the scam happened. But even so, sometimes the analysis will also be helpful to predict this thing though is not appropriate. see the concept is there, the team behind them and also wallet became the thing to do.