How to know if the ICO is scam

[Bay_Harbour_Butcher]

wee, there are many similar threads like this, and indeed your question is a question that is needed by all members in this bitcointalk, especially for the newbie. which should be viewed is about team profile, white paper, roadmap and also transparency of their project

[1715051290]

1715051290

[1715051290]

1715051290

[Docbee]

There are many things you can check.
1. The team behind the ico
2.  The advisors
3.   See if they have a working product already
4.   Their roadmap

[Sarcasm]

wee, there are many similar threads like this, and indeed your question is a question that is needed by all members in this bitcointalk, especially for the newbie. which should be viewed is about team profile, white paper, roadmap and also transparency of their project

in my opinion to know ico ending with scam is, first the website is not paid, clarity of team that does not exist, the legality of ico, and ico location, 
the last do not of escrow

[Beicin]

Personally, if the development team keeps a high percentage of the distributed coins in my mind its highly likely that they won't deliver on a product if they already have tens of millions in their hands... what would be the motivation? They could just hire some guys and move to the next project... or retire

[bengems]

They are scam when they don't deliver what they promised and people keep loosing their money gradually in a perpetual downtrend. Example is starta. Scam is not only when they took your money and vanish into thin air

[roganite]

Investing in ICO's is the same as any investment, you need to do your research. People are too hyped abour cryptocurrencies that they don't check the important aspects.

I look for a great team, good concept, an actual value of having a cryptocurrency (why they can't do it any other way), finite supple, good whitepaper, professional website and strong social media.

Once this is in place, i dig deeper to see if it is a interesting concept.

One that i am looking at right now is Crowdholding (https://ico.crowdholding.com), they match everything above and they are in the field of co-creation which interests me. Find a project that you find interesting that matches the criteria above and you won't go far wrong.

hope this helps

[johnsm79]

If you go to coinschedule.com, most of the ICO's listed, have a website which does not even open correctly, using an old fashion template, taking forever to load, have a crappy idea, have fake linkedin profiles, and are hoping to earn money with that..

Also I have notice that scammers tend to have their ethernet wallet address on the home page, without proper disclaimers.

[APICEMTECH]

I am a newbie but I would be looking at the background of the people who are associated with the ICO and see how they have performed in their previous jobs or projects. Also whitepaper is a good source to see their vision.

[Quidat]

I am a newbie but I would be looking at the background of the people who are associated with the ICO and see how they have performed in their previous jobs or projects. Also whitepaper is a good source to see their vision.

Seeing their experiences regarding on project devs should be checked always because we can able to convinced ourselves if they are experienced enough on running or handling these projects.Usually when i do saw ICO launch i do also look out their allocation specially on bounty when i do saw that its too good to be true allocation i do really see some shady things on that one.

[dunikowski]

I hope I will not get banned for adding this reply to all "ICO scam" related topics here, but I guess there is no other way to make this work.

Try this out:
ico.scam.network

It is an open to edit google spreadsheet with a list of scam alerts and rankings from different sources.

If it works out, it might be a good way to keep crypto community healthier.

[rainbow169]

I will say check the team member - are they real... have they got a working product, would you invest them outside a crypto world. Is the project trying to get massive amount of money but delivering very little value (this is also SCAM for me).

[Ratters]

Only one way to understand is the project SCAM or not: to learn carefully all information, the team, WP, road map.

[Xclusive5]

Hello, I do device a method to know scam ICO. Taking a look at their social media page, they make use of fake followers to gather more followers. They even have more follow than followers.

[genesis53]

As they've always said (most people) the only way you can spot scam ICO is through research.Most experienced cryptocurrency guru believes that probably 90% or more of ICO is a scam, that's why doing a research is very important. The team behind the developers of ICO should have an open and transparent track record of their accomplishments and background in cryptocurrency. There are many ICO developers out there that were hiding their own identity and that's one of the spots
of not trusting their ICO

[paloloy]

Knowing scam ICOs is very difficult but knowing how to spot a possible scam or useless ICOs has some ways to identify to to mention.
Good ICOs hires good bounty managers like higher ranked forum members like Senior Members or even more higher ranks. Managed by Hero and legendary members are more likely better ICOs than the lower rank members like Newbies and junior members.

[paloloy]

Good ICOs have bigger communities and also i their social media have numbers of followers enough to be able to answer all the queries and inquiries.
Scam. ICOs have less social media members and followers and worse, they have no social media page.

[paloloy]

Only one way to understand is the project SCAM or not: to learn carefully all information, the team, WP, road map.

The team core has also the biggest role for a Cryptocurrency project. Developers and management staff are reliable and if they can carry the company despite of having to many rivalries.

[paloloy]

I will say check the team member - are they real... have they got a working product, would you invest them outside a crypto world. Is the project trying to get massive amount of money but delivering very little value (this is also SCAM for me).

In addition to that, most successful ICOs have YouTube channel that will ensure attracting more investors and community supporters. Some ICOs have no media and social media community and that's the better indication that an ICO is useless.

[Toropen]

If the team does not disclose your information or trying to hide something it can be regarded as a fraud

[ditinhu]

Keep an eye on the project only invest after being in the currency market. Many of the ICO projects found are very delusional, often promising absurdly high profits. These types of projects most of the time are going to be frauds or hype.
Always be aware that most bad ICOs enter the market and have already begun to drop the value. Always see the amount of currencies that will exist and if the project is interesting, so you can minimize the damage if you invest in some ICO.