There are a lot of ways to identify fake icos but you need to take measure to protect your investment from fake icos
Don’t Disclose your private information- Participating in ICOs or airdrop is not a bad thing, but before having proper information, never disclose your private information like wallet information, number etc.
Check and verify the name of the Founders and Co-Founders- Every Initial Coin the offering has a founder or a co-founder, but when the ICOs which are Fake put the name of founders who do not even exist. Before doing any activities related to ICOs the individual needs to check the names of the concerned person and check the person’s virtual credibility.
Reliability of ESCROW- ESCROW is an online wallet which preserves the coin unless and until the transaction is done. But when we are doing a transaction we rely on any of the wallet platforms and the end result is the money is debited and the deal is unsuccessful: this means the ICOs are fake. So, while involving in certain constraint make sure they use ESCROW for offering ICOs.
Get ahead with an email confirmation- Generally, a real airdrop shares the individual a confirmation mail, if you are not getting a confirmation mail on your registered mail id neither any OTP, you should walk –off from the deal.
source-
https://cryptomaa.com/btc/protect-your-money-from-fake-ico-and-scam-cryptocurrency-projects/