thecryptoconsultant
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thecryptoconsultant.com
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July 24, 2017, 12:59:27 PM |
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This problem is actually quite hard to spot Sometimes it depends on the heart, the greed of the developers Behind the ICO projects are the 'dev' There are dozens, hundreds of ICO projects on a daily basis Be smart to choose yourself a best project ICO idea: + Application (learning, game, health, ...) Business model? ICO technology + On which platform? (Blockchain, Etherum, Wase, ..) Traditional + WEDsite + Blog + Forum + Advertising + Facebok + Twitter + Github + Youtube ... Time to open sale? Initial ICO price? What is the Token Number? How much capital to call? (How many tokens are sold) Market + Scale + Object Long-term vision (5 years, 10 years, ...) Development team (Who are they?) TOKEN DISTRIBUTION + Dev (%) + Bouties (%) + Pulic sale (5) ...
I would add to it, which Platform is it based on, I would stay away of all project that are built on top of an existing blockchain but not built on top of top 5 crypto currencies. (e.g. Next platform thats not user friendly at all). Victor
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nunchuck master (OP)
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July 24, 2017, 03:05:54 PM |
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In fact, ICOs project in 2017 or last year are can become to scam project, but the time they become to scammer still long. Because if try scam at now, they will miss opportunity make money with this type. Not have rules can helps them easy to PR and creating project, just need use some money from crowdsale, they can easy listing to exchange site and user will say they are really project You mean that they would rather finish an ico, issue tokens, get listed on the exchange and only then scam than disappearing right after money is raised?
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Grant Hero
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July 24, 2017, 03:18:39 PM |
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This problem is actually quite hard to spot Sometimes it depends on the heart, the greed of the developers Behind the ICO projects are the 'dev' There are dozens, hundreds of ICO projects on a daily basis Be smart to choose yourself a best project ICO idea: + Application (learning, game, health, ...) Business model? ICO technology + On which platform? (Blockchain, Etherum, Wase, ..) Traditional + WEDsite + Blog + Forum + Advertising + Facebok + Twitter + Github + Youtube ... Time to open sale? Initial ICO price? What is the Token Number? How much capital to call? (How many tokens are sold) Market + Scale + Object Long-term vision (5 years, 10 years, ...) Development team (Who are they?) TOKEN DISTRIBUTION + Dev (%) + Bouties (%) + Pulic sale (5) ...
I would add to it, which Platform is it based on, I would stay away of all project that are built on top of an existing blockchain but not built on top of top 5 crypto currencies. (e.g. Next platform thats not user friendly at all). Victor Just out of curiosity.... What are some examples of "next platform"? Are you referring to something like Waves? Thanks.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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July 24, 2017, 03:19:09 PM |
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First sign is the letter I
Suspicion starts to form.
If then C comes right next to it I am on red alert.
An O after the C = 95% scam.
I am now looking for the word capped or limit - I spot it.
100% scam confirmed.
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AshCoins
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July 24, 2017, 03:28:31 PM |
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Question for all of you that consider every ICO to be a SCAM, how else would a company distribute their coins? And don't say air drop, because no one is going to spend significant time and money on a project to give it away for free.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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July 24, 2017, 03:34:08 PM |
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Question for all of you that consider every ICO to be a SCAM, how else would a company distribute their coins? And don't say air drop, because no one is going to spend significant time and money on a project to give it away for free.
If they are to have an ICO Widely advertised beforehand Uncapped with long duration If possible POW phase 50% Road map with milestones/fund release intervals. anything less is setting up to be an insider market making colluding scam project.
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Beparanf
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July 24, 2017, 03:38:24 PM |
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Question for all of you that consider every ICO to be a SCAM, how else would a company distribute their coins? And don't say air drop, because no one is going to spend significant time and money on a project to give it away for free.
If they are to have an ICO Widely advertised beforehand Uncapped with long duration If possible POW phase 50% Road map with milestones/fund release intervals. anything less is setting up to be an insider market making colluding scam project. There should be a working product or as much as possible the project can be vision potentially. When we can vision it chances it can get successful plus the team should be onhand and easy to contact too. Be smart in choosing ICO.
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nonlinearboy
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July 24, 2017, 03:41:41 PM |
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As for me, if I decide to buy an ICO tokens after some deep research, I will always keep my eye on it latest news, join in the slack, follow the twitter and blog if they have, and I will try to see if the team is working hard or not.
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jexphe2k
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July 24, 2017, 03:53:52 PM |
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I believed we now have plenty of HYIP Monitor sites, Why don't we form a similar concept an ICO Monitor/Analyzer sites? Expert on spotting ICO scammers should lead this ICO Monitor/Analyzer sites
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swaglord420
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July 24, 2017, 04:41:13 PM |
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The background of the team, but also the amount of market cap they have over a period of time, if their coin doesn't fluctuate in value I'm assuming not much is happening at all, and therefore it is usesess to accumulate said coin
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DuarteFig
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July 24, 2017, 05:03:50 PM |
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So, I can see some people consider uncapped ICO's as a sign of scam and others that consider the capped ICOs as a sign of scam, is that correct?
I think that some projects might fail even if they are not scams. A scam is when someone writes a whitepaper and creates a website promising to develop something he has not the intention of actually building. We maybe won't know what the real scams are until some months or years from now.
The cap raised during the ICO cannot determine whether it is a scam or not, but maybe it can determine if the project is a good investment (considering it is not a scam) or not, because very large caps will probably devalue after listing on exchanges.
Probably the biggest sign of of a scam project is the use of fake names and profiles in the Team section.
If the team has a product under development (or already developed), uses their real names, provides transparency about their operation, and stuff like that, if their ICO is uncapped and people send hundreds of million of dollars, the company might become overvalued, but I don't think it automatically qualifies the project as a scam. If instead they have a capped ICO and sell out in seconds, for me it also doesn't make the project a certain scam.
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HardFireMiner
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July 24, 2017, 05:14:50 PM |
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What is the first sign of a scam project (ico) for you?
It has the word "ICO" in it. Crazy huh? And it's true.
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thecryptoconsultant
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Activity: 130
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thecryptoconsultant.com
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July 25, 2017, 12:05:30 PM |
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This problem is actually quite hard to spot Sometimes it depends on the heart, the greed of the developers Behind the ICO projects are the 'dev' There are dozens, hundreds of ICO projects on a daily basis Be smart to choose yourself a best project ICO idea: + Application (learning, game, health, ...) Business model? ICO technology + On which platform? (Blockchain, Etherum, Wase, ..) Traditional + WEDsite + Blog + Forum + Advertising + Facebok + Twitter + Github + Youtube ... Time to open sale? Initial ICO price? What is the Token Number? How much capital to call? (How many tokens are sold) Market + Scale + Object Long-term vision (5 years, 10 years, ...) Development team (Who are they?) TOKEN DISTRIBUTION + Dev (%) + Bouties (%) + Pulic sale (5) ...
I would add to it, which Platform is it based on, I would stay away of all project that are built on top of an existing blockchain but not built on top of top 5 crypto currencies. (e.g. Next platform thats not user friendly at all). Victor Just out of curiosity.... What are some examples of "next platform"? Are you referring to something like Waves? Thanks. I mean the next platform it is a project by itself, there is the Next coin do to stuff on the Next platform. it will switch to ardor soon. I would stay away from it for a long time. It is full of bugs
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jjacob
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July 25, 2017, 04:53:30 PM |
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I believed we now have plenty of HYIP Monitor sites, Why don't we form a similar concept an ICO Monitor/Analyzer sites? Expert on spotting ICO scammers should lead this ICO Monitor/Analyzer sites HYIP at least have to make a claim about how they generate high returns. People can analyze that and attack that. With ICOs, even that is not necessary.
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