Are ICOs scam?

[Stanlymaker]

In order for this not happen, you need to competently choose among this huge list of ICO.
We need to study everything well, consult with people.
It is especially important who the team members are. It is necessary to look at the history of their previous projects, if they exist.

[A56-7W]

Perhaps not all scams. But you really have to wonder why they go down the ICO cash-grab route and not another route if their idea, business, or product is so "great".

Obvious scams aside, I just find many of these ICOs to be unprofessional, almost as if this whole thing is some child's game to them.

They have your email address and they have a website. So where do they post "official" news??? On telegram, of course!
Yes, go join umpteen bilge filled channels to get "official" news from a company you've invested in. If you want a record of the "official" news, take a screen shot before it disappears. For some reason, they can't be dealing with things like emails or content on a website that get archived. They'd rather you wade through a tonne of animated gifs or the numerous flavors of fud and ramping just to catch any developments you may have missed. All very professional.

[Malaya]

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

Just a safety precaution, make sure to read and research about the project before joining this ICO. Ofcourse we cannot say that ICOs are scam since a lot of ICOs are not and giving much earning to those who have invested.

[rainbow169]

Not financial advice here, but I would certainly do more research on the ICO, understand the project and the tokenomics, make sure I like the concept, team and potential before considering any investment. I will also check out many review sites like crushcrypto.com and youtubers' views as a reference. Eventually this comes down to a few picks and then I will distribute some funds accordingly. My current favorite is Hadron and Swapy but you might have complete different choice. Bearing in mind the high risk of ICO in general as well, even a great team might not make it in the end, but at least I know I am investing in something that's I really like

[manlyxman]

Not financial advice here, but I would certainly do more research on the ICO, understand the project and the tokenomics, make sure I like the concept, team and potential before considering any investment. I will also check out many review sites like crushcrypto.com and youtubers' views as a reference. Eventually this comes down to a few picks and then I will distribute some funds accordingly. My current favorite is Hadron and Swapy but you might have complete different choice. Bearing in mind the high risk of ICO in general as well, even a great team might not make it in the end, but at least I know I am investing in something that's I really like

Yup, you can never be too sure.

I gues going with ICOs done by already established companies is a good idea. The Telegram one, for example.

[MiBambino]

obviously not all of them are scams, you just have to find the ones with:
* credible projects, nothing too crazy or innovating because those are unlikely to bring out a working product fast
* transparant teams with experienced members
* a solid marketing plan
* not too big of a pre mined supply (team can dump and run)

[Cryptonimous]

not all ico are scam, many good ico u can get profit, if you join ico just read the whitepapper dont just joint before research if you dont doing that dont ever think join ico, because your money will burn in scam coin

[aervin11]

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

That's not a criteria of finding out whose ICO is scam. If they don't develop the project in a year holding those funds, if they shut-down their server, if they are not identified on their website then maybe they are a scam. But you don't judge that quickly, I hope you did some research before investing LOL. That's what people do to let themselves prone to scams

[jeraldskie11]

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

When joining ICOs in a project that doesn't escrowed the funds your money will be risky but in my experience, there are so many legit ICOs without escrowed. We only need to choose wisely on what ICO that we going to invest in.

[LynielZbl]

There are some but not all of them were acam..  If the company promise but its sound like too good to be true , if the admin/manager are lazy  be aware .. If the program or there articles are  nonsense dont buy there tokens.. Its hard to earn money so choose wisely you can use your common sense to determined whether it is or not. If there are transparent in there program and aervice then grab it but if its anonymity then think about it if you want to risky your money in that ICO.