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Author Topic: How to check if ICO is scam or not?  (Read 17430 times)
desticy
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June 04, 2019, 03:00:33 PM
 #481

The truth of this matter is that, it is near impossible to know a scam project especially if conducted by professional in the crypto community.
We can watch this few signals or signs, No product ICO. Project with unrealistic promises etc


This does not happen so often, but it is such projects that the investors manage to steal the most from. Fortunately, most of the scam projects are easily identified when checking the team and white paper.

Vinalians
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June 04, 2019, 03:48:43 PM
 #482

If you are a really investor of ICO you should know how to do proper research about the new release ICO project. Me as a small time investor I am going to see first the white paper and then if I see anything suspicious or any copy paste from other white paper then I automatically leave that ICO.
Try also the image finder on google and try to put the photo of the CEO of that said ICO and then if that photo comes out in the result then for sure it is just copy of the photo on google, not their real identity.
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June 04, 2019, 04:29:15 PM
 #483

If you are a really investor of ICO you should know how to do proper research about the new release ICO project. Me as a small time investor I am going to see first the white paper and then if I see anything suspicious or any copy paste from other white paper then I automatically leave that ICO.
Try also the image finder on google and try to put the photo of the CEO of that said ICO and then if that photo comes out in the result then for sure it is just copy of the photo on google, not their real identity.
It does not save from fraud by 100%.Many fraudsters are very careful about the preparation of ICO.They behave like a legal team, and you will not even have a hint that this is fraud.So there will never be a full guarantee.



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June 04, 2019, 04:41:23 PM
 #484

First and foremost, investing in an ICO is a great risk because you don't know the person at the other end that is posing to be what he/she is not. Internet is very easy to tell lies. Therefore, no matter the degree of ones research about an ICO, it still doesn't guarantee the legitimacy of such ICO. In a nutshell, anyone that is participating in an ICO should have it at the back of his/her mind that it is a 50/50 affair.

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June 04, 2019, 04:44:57 PM
 #485

in order to find out the project is fraudulent or not.  for this you need to carefully study the documentation and analyze the project itself.  Then decide whether the product of your investment is worth it or not.

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June 04, 2019, 07:37:10 PM
 #486

Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money? 

like this this type of question has been very frequently asked by people before you ... regarding how to know the ICO scam or not ... but the way that I often use is paying attention to the website and roadmap and the supporting media they have is real or not ... and finally I will pay attention to the CEO and Founder media accounts that are genuine or fake ... so it's just like that I often do ... even though many ICOs I follow often experience delays during the distribution process

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June 04, 2019, 10:34:10 PM
 #487

These scammers are very skilled and have found out that we have known their old tricks so they keep changing the tricks all the time. But there is one thing that doesn't change, the whitepqaper that doesn't look well organized and has spelling mistakes is an indication of a scam project.

jolle123
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June 05, 2019, 03:09:03 PM
 #488

You need to do research about the project and you can also check the ICO ratings and of it already raised funds,But now all icos actually almost the same of its not a scam maybe it will not be profitable at all but i have the project that has the solutions in dump and this project is proven and tested that is legit and be profitable also this is the dencoin And now if you dont have any Dencoin tokens you can still buy in the ICO of Dencoin now and get the chance to have a potential coins.
 
oseikuf44
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June 05, 2019, 03:32:18 PM
 #489

For now I will recommend IEO or STO to newbie investors due to the mode in which ICO operators raked in much money from investors with majority of them failing to materialized. At least with IEO and STO you are guaranteed with a backing of your token on an asset or assured of enlisting on exchange. However if you still need to check on ICOs then make sure the team are verified members of a popular social media sites like linkedin or twitter, in that case they can't put their reputation online by scamming people. Also look at the concept of the project and find out of its lightpaper if you can grasped the project visibility without any technical lense.
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June 05, 2019, 03:49:55 PM
 #490

talking about ICO actually now more ICO which indeed they fail in terms of funding and not fail because of scam. if you are an investor ico and hesitant to buy at the time of ico you should buy when the fund has reached a soft cap or you choose IEO but if you only a bounty hunter then you should already know the answer

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June 05, 2019, 03:54:09 PM
 #491

no one knows exactly which project is genuine or fraud because almost all ICO projects look good and convincing to follow. but at least before you join in you can browse first and make sure that they are transparent and if there are strange things it's better to look for another project.

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June 05, 2019, 03:55:37 PM
 #492

It is necessary to study the idea of the project and understand whether it will be in demand. Also check on the authenticity of the members of the development team. As it turned out, fake identity fraudsters is the most difficult.
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June 05, 2019, 04:08:04 PM
 #493

no one knows for sure whether it's an original ico or a scam, they're very smart and very similar to the original ico. if you are worried about the problem of ico scam, you can choose to participate in the IEO.

TopT3ns
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June 05, 2019, 04:17:48 PM
 #494

It is necessary to study the idea of the project and understand whether it will be in demand. Also check on the authenticity of the members of the development team. As it turned out, fake identity fraudsters is the most difficult.
Fake team usually can found out by other people. Actually i glad join this forum because people in here can help others when they find that some project is not good. With or without any proven sometimes.

GGmith
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June 05, 2019, 04:25:47 PM
 #495

It is necessary to study the idea of the project and understand whether it will be in demand. Also check on the authenticity of the members of the development team. As it turned out, fake identity fraudsters is the most difficult.
Fake team usually can found out by other people. Actually i glad join this forum because people in here can help others when they find that some project is not good. With or without any proven sometimes.

yes it is useful for this forum site, many of us care about scam project information or not. the most important thing is that we don't have to rely entirely on other people's words, keep doing research from ourselves too. always be aware of the tracks of the RedTrust Team.
daporivera
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June 05, 2019, 09:50:32 PM
 #496

Personally, the only way you can ascertain if a project is scam or not is too do an in-depth research on the project. That way you get to know more about the project and determine if the project is worthy of investment

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June 05, 2019, 10:12:27 PM
 #497

no one knows for sure whether it's an original ico or a scam, they're very smart and very similar to the original ico. if you are worried about the problem of ico scam, you can choose to participate in the IEO.
Fraudsters will always try to attract investors with their real concept and appearance. Deep research is required to determine the authenticity of their identity. The IEO does not guarantee absolute success in investment and needs research for the potential growth of projects in the future.

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