Milamol
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Activity: 686
Merit: 11
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January 29, 2019, 07:52:01 PM |
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Originally, there is no legal ICO. The beauty of ICO is that anyone who has an idea can try to raise money for it. This is what scammers use. No regulation yet. Therefore, maybe a thorough analysis + intuition?
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Nekoma2018
Copper Member
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Activity: 493
Merit: 13
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January 29, 2019, 07:56:58 PM |
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Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
First of all.. do not participate in any project that has a anonymous developers... That's the first way to detect a crypto scam... not everyone is as honest as satoshi nakamoto |
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Adunni6758
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January 29, 2019, 11:37:34 PM |
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Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
Personally, i cannot go for an ICO, whose team is using an anonymous identity. Most of the ICOs of such nature, that i have into, ended up being scam. Although, that might not be so common when blockchain projects were still new, but seem now to be used by scam projects. Revealing identity is nit also a guarantee of genuineness, because they might be using fake identity. |
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bendernine
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Activity: 272
Merit: 10
Easy Digital Payment for the Future
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January 29, 2019, 11:54:15 PM |
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Its hard to find a legit ICO. I have came across many such ICOs which look good in the beginning, their team works actively, website is well updated, every query is properly answered and one fine day everyone disappears after they collect a good amount of funds. Personally I think there should be some regulations which needs to be followed before launching an ICO, a big forum like this could work on it.
but even so somehow I don't want to leave crypto and I'm sure you too, because even though there are a lot of bad ICOs that end in scam but I believe that one day everything will be tightened and the ICO will become profitable again |
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pelumi20
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Activity: 712
Merit: 15
SmartFi - EARN, LEND & TRADE
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January 29, 2019, 11:59:18 PM |
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Why would I want to invest in a project with anonymous team? Even the ones with a well known team still end up being scam, so investing in a project with anonymous team is suicidal because you don't know the persons in charge and their abilities to lead the project to success. I would rather invest my money in existing projects that have being confirmed legit.
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jcmansah7
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January 30, 2019, 12:01:14 AM |
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Well look and find out whether the team behind the project are real human beings and also they real in the sense that the team members are not some sort of avatars that have been displayed on the website. Or sometimes some scammers use people who are not even related to the project. Don't forget to also do a little bit of research in to the project and know how useful it is.
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Chemcrier
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IMO Exchange - Customer First.
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January 31, 2019, 12:54:50 PM |
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There are many factors that you need to check when researching for an ICO but one thing that remains consistent is the team, if they are very visible diluting the ICO stage, then chances are they would stick around after the ICO.
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Ostonian
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January 31, 2019, 01:20:11 PM |
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I wouldn't have contacted projects that have developer names hidden. I think anonymity is the first step to scam.
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overnight03
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Merit: 10
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January 31, 2019, 01:29:54 PM |
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Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
It's very hard to find a legit ICO, governments and banks can't control cryptocurrency, that's why we can't find it easily, if there's a rule about them, that will be easier, I think we have to rely on our own experience |
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nebuch
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January 31, 2019, 01:43:13 PM |
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In opinion we can find it out by whom who manage the project.
We know that the project should be handled by the manager. I guess by that we can have an idea which is the real and fake project. In fact most of the time scam project are manage by unknown person and the legit one handled by the popular and trusted manager. Even the project is anonymous but through manager we can have a little assurance of reliability.
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mudyak99
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Activity: 304
Merit: 5
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January 31, 2019, 02:18:07 PM |
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You can check good ico if that ico have:
- Website age up to 4 month
- Whitepaper and their social media
- Roadmap
-Token info
You can see rating ico in topicolist,coingecko,icobench and etc
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vickson226
Copper Member
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Activity: 32
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January 31, 2019, 02:24:10 PM |
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If any ico come without any strong project and product then there is very less chance to stable in the crypto market And these type of ico collect the Eth from the investors and run out from the market. Now in future, SEC of USA is making a regulation towards the ico launching and without sec permission no ico will come in the market.
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nizamcc
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Activity: 1218
Merit: 1007
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February 01, 2019, 06:45:28 AM |
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I think both these projects are a scam. Because the developers don't have to hide their identity. Investors should understand where they invest their money. I believe that if the team is not ready to provide objective information they are also not ready to distribute their coin.
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Bairbe
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Activity: 185
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February 01, 2019, 11:12:37 AM |
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If the developers are anonymous, then it seems to me to participate in this ICO is not a good idea!
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isen
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February 01, 2019, 11:29:10 AM |
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Go to 5 top-rated ICO sites and compare the projects that are there, those that match everywhere can be viewed in more detail to make sure that they are worthwhile.
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makerst
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February 09, 2019, 04:27:53 PM |
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In order to choose any legal normal project you need to start a very big deal. You need to prepare very seriously for investing and decide that the money invested may be lost. Be sure to think about it always.
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Genemind
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February 09, 2019, 04:37:59 PM |
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Suppose if there are a number of ICOs started for different coins by anonymous developers then how can we find that which one the legit ICO and which one is scam ICO?
Knowing if an ICO is legit or not is like a trial and error. There are also things that you have to consider upon joining. You should do a series of research to make sure if the plans that they have for the future is possible for them to reach. You should also check the activeness of the developers that they have. |
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hongus
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Activity: 736
Merit: 100
Adoption Blockchain e-Commerce to World
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February 09, 2019, 04:46:06 PM |
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 I think it will not be so easy to find a good project. Probably need to look for a live team and high-quality documents. Then you need to look at the final product and the prototype. The presence of all this makes the project alive and interesting.
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burky156
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February 09, 2019, 05:59:14 PM |
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I believe that there is not so many people keep believing ICO's. To many scamming situation took our beliefs away. More than %75 ICO's turned scam in 2018 and it is terrible ratio. I would never invest a ICO project again. Daily trading is safer than investing projects. But if you want to make research about ICO's just go to ICO marks website, they are quite good at their reviews. https://icomarks.com/icos |
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Felipeo
Sr. Member
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Activity: 476
Merit: 262
EOSABC
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February 09, 2019, 06:16:20 PM |
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There is many ICO information site which you can find many ICO and their information in those sites. Like icobench icorating and many more. But I will suggest you to follow icoanalytic this is one of the best site where you will find some really good icos. But still some of them are not good maybe scam or failed icos . So best thing is to do some research on your own. And learn how to analysis the ICOs. At this moment mostly no am not in icos but if you will able to find one I would say go for it and invest in that.
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