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Author Topic: How to Indetify Fake and Scam Token Coin and ICO  (Read 212 times)
RDNX
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March 18, 2018, 12:31:22 PM
 #21

If you smart enough, you can check their smart contract on GitHub or Etherscan. My opinion, good ICO have a fixed/hardcoded max supply in their smart contract.
Beware if you found a line of code that can do infinite minting in their smart contract.
semobo
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March 18, 2018, 12:35:31 PM
 #22

Many TOKEN and ICos are started to collect money from people and do scam they follow a lot of tactics to make it look real, I am pointing some important points to identify these and if you know any then share with users


-TEAM behind the project and their Expertise
-Advisor of the Project
-Team Social Presence
-The idea and How possible that idea is to implement in the real world.
-Number of Token published by Team.
-Exchange in which that Token and coin is listed
-Age of Coin and Token
-The community behind that Project.
-Public Review about that TOKEN or Coin in Different Platform



Also read - https://coinpricetoday.com/crypto/find-fake-token-ico/

If I miss any point mention in reply

Even though if we follow and analyze all the things before participate in ICO there is no assurance that is is 100% legitimate program because scammers are more smarter than before.But it is a good post though who don't have any knowledge how to identify about the project it will hep them.
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