How to differentiate between Fake and Real ICOs ?

[old.monk]

 Some of the things to look out for in identifying a fake ICO include: (Let me know if i miss anything)

Roadmap of the company

It is obvious that before you invest in a company you would want to visit their website to get to know more about them. The roadmap of the company is enough to tell you if they are having a fake ICO. If they sound too ambitious or their goals are overboard then they are probably fake. Their goals need to be realistic and they need to have a good and comprehensive plan on how they plan to utilize the money they will get from the ICO. Their long-term plan is a good indication that they are here to stay.

Founders and Advisers

Every ICO will have a listing of their founders and advisers. Their profiles will say a lot about the ICO. You can check their social media profiles and also Google search their names to check their credibility. If they don’t exist then that may be an indication they are fake,if they exist on social media you can look out for who they are connected to and if they have any sort of recommendations. You can also check the pictures, if the pictures are not in relation to the people in the project then that’s a red flag.

Code

Most cryptocurrency projects normally have their codes on GitHub. Even though you may not be a developer, you can do an evaluation of the code or get someone to do it to determine if it is legitimate.

Whitepaper

From the white paper of a company, you can tell a lot about its ICO. If it is flashy or too wordy, don’t waste time on it.

Online Forums

There are forums where people talk about upcoming ICOs such as Bitcoin Talk. From such forums you can find the authentication of the ICO you are interested in. If you don’t see any discussions you can just raise an open ended question to know what people think about that ICO.

Compromised Wallet

All ICOs normally use a wallet service for holding their customers coins until a certain deal is completed. The kind of wallet the company is using can say a lot about it. Make sure that the company is using a top escrow service.

[ziyush]

I have shared this before also and sharing again

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

In above link, you will find ways to identify fake icos and coins and after reading that you can easily differentiate fake and real icos

[old.monk]

Yehh you have written a bit more elaborated article.

[skelethon]

Some of the things to look out for in identifying a fake ICO include: (Let me know if i miss anything)

Roadmap of the company

It is obvious that before you invest in a company you would want to visit their website to get to know more about them. The roadmap of the company is enough to tell you if they are having a fake ICO. If they sound too ambitious or their goals are overboard then they are probably fake. Their goals need to be realistic and they need to have a good and comprehensive plan on how they plan to utilize the money they will get from the ICO. Their long-term plan is a good indication that they are here to stay.

Founders and Advisers

Every ICO will have a listing of their founders and advisers. Their profiles will say a lot about the ICO. You can check their social media profiles and also Google search their names to check their credibility. If they don’t exist then that may be an indication they are fake,if they exist on social media you can look out for who they are connected to and if they have any sort of recommendations. You can also check the pictures, if the pictures are not in relation to the people in the project then that’s a red flag.

Code

Most cryptocurrency projects normally have their codes on GitHub. Even though you may not be a developer, you can do an evaluation of the code or get someone to do it to determine if it is legitimate.

Whitepaper

From the white paper of a company, you can tell a lot about its ICO. If it is flashy or too wordy, don’t waste time on it.

Online Forums

There are forums where people talk about upcoming ICOs such as Bitcoin Talk. From such forums you can find the authentication of the ICO you are interested in. If you don’t see any discussions you can just raise an open ended question to know what people think about that ICO.

Compromised Wallet

All ICOs normally use a wallet service for holding their customers coins until a certain deal is completed. The kind of wallet the company is using can say a lot about it. Make sure that the company is using a top escrow service.

A lot of this info sounds obvious but I think that's because differentiating between a fake and a real ICO sounds that simple on paper. Yet a lot of people still fall for the scam.

[old.monk]

Lot of times obvious things people ignore.
here especially people who don't have much tech knowledge ignore the last point in my write-up.

I think people should also dig in the social and business profile of founders.

Do you have any bad examples who fulfill all criteria i wrote above?