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Author Topic: Alot of ICOs around, which one is scam free?  (Read 3285 times)
StockBet.com
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September 12, 2017, 12:49:24 AM
 #81

Make sure the team has demonstrable software to prove that they can actually develop.

Most ICOs have nothing to show in this regard.  Some have code at Github but it's meaningless if you cannot run the software to see how good or useful it is.

If they cannot prove that they can develop software, then the team members' fancy titles, bios or CVs are meaningless at best, fraudulent at worst.


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September 12, 2017, 12:51:08 AM
 #82

90 percent of them are designed to make the devs as much money with as little development as possible.
Just my honest opinion.
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September 12, 2017, 01:27:04 AM
 #83


Corruption is part of the culture of many countries.  Therefore, you should check the corruption ranking of countries:

https://www.transparency.org/news/feature/corruption_perceptions_index_2016

If the ICO is from a country with lots of corruption, then you know you're taking a higher risk.  This is because the team probably has less of an issue with exaggerating, lying or cheating, because these things are more ingrained in their country's culture.

aaron2024
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September 12, 2017, 01:44:31 AM
 #84

90 percent of them are designed to make the devs as much money with as little development as possible.
Just my honest opinion.
It's more than ninety percent. Some experts would say 99%.

Ask yourself, how many of these projects have delivered a working product, with at least 1 million users?
mikhael
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September 12, 2017, 04:08:14 AM
 #85

90 percent of them are designed to make the devs as much money with as little development as possible.
Just my honest opinion.
It's more than ninety percent. Some experts would say 99%.

Ask yourself, how many of these projects have delivered a working product, with at least 1 million users?

No such projects have delivered a working product with 1 million users that ever existed. Most ICO today are design to make developers rich. They are only good on enticing investors with their product at the start. But once they collected large amount of money they discontinue developing and improving their product.

 
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September 12, 2017, 04:33:04 AM
 #86

90 percent of them are designed to make the devs as much money with as little development as possible.
Just my honest opinion.
It's more than ninety percent. Some experts would say 99%.

Ask yourself, how many of these projects have delivered a working product, with at least 1 million users?

No such projects have delivered a working product with 1 million users that ever existed. Most ICO today are design to make developers rich. They are only good on enticing investors with their product at the start. But once they collected large amount of money they discontinue developing and improving their product.

 
Yes I agree to you that some dev of the coins are just wanted to become rich through ICO and they didn't have a plan to make their project develop after they raised their wanted amount of money but there are also a dev that wanted to make their project become helpful for everyone. It is better to research first for the project of the coin in the future and also it's roadmap and uses of the coin.

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September 12, 2017, 01:57:14 PM
 #87

The only way to know a scam-free ICO is to lurk more, see the different projects and learn which types succeed in the end. Recommendations from users are better than nothing, but how do you know that they are not duped too.
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September 13, 2017, 03:08:02 PM
 #88

The only way to know a scam-free ICO is to lurk more, see the different projects and learn which types succeed in the end. Recommendations from users are better than nothing, but how do you know that they are not duped too.

Yeah that's true! you can never found out if that ICO is a scam or not in the first place, just be very careful and do research first of who is the man and team behind that ICO.
VanDeinsberg12
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September 13, 2017, 03:13:24 PM
 #89

The only way to know a scam-free ICO is to lurk more, see the different projects and learn which types succeed in the end. Recommendations from users are better than nothing, but how do you know that they are not duped too.

Yeah that's true! you can never found out if that ICO is a scam or not in the first place, just be very careful and do research first of who is the man and team behind that ICO.
You can, by observing the whole team behind the project, seeing whether they're trustworthy or not, you can minimze the chance of getting scammed. many people are throwing money to investment without even analyzing who's behind every of the projects and that's really a bad mistakes.
eth smart contract also works like escrow if you are interested to invest.

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September 13, 2017, 03:32:07 PM
 #90

I think it's cindikator, they have a great team and already have developments with a large Deposit for the future!

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September 13, 2017, 04:35:23 PM
 #91

Make sure the team has demonstrable software to prove that they can actually develop.

Most ICOs have nothing to show in this regard.  Some have code at Github but it's meaningless if you cannot run the software to see how good or useful it is.

If they cannot prove that they can develop software, then the team members' fancy titles, bios or CVs are meaningless at best, fraudulent at worst.




I really agree with you. most of ico is nonsense. not proving that they can develop. and need to be careful to choose ico.
kamikadze69
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September 13, 2017, 04:50:38 PM
 #92

I suggest do not be reckless in investing ICO. we have to do things and consider many aspects. so we can get a wiser decision to invest in ICO.
maman09
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September 13, 2017, 06:15:23 PM
 #93


yes it is true that many ICO are deceptive and unhealthy.
everyone can recommend to you. but you are the determinant of that choice.

I just want to convey, before you dive for investment. you should study and observe about ico beam.

before you get stuck at a loss.
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September 13, 2017, 08:04:10 PM
 #94

It is a very interesting market, as a newbie it is very discouraging when people are saying there are a lot of scams, how do you decide which is a good coin / token and which is a bad one?


Anyone got 5 solid tips to look for?
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September 14, 2017, 05:32:45 AM
 #95

Electroneum should be a good ICO this month with support from Duncan Logan
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September 23, 2017, 10:42:35 AM
 #96

Lots of scam... But if you check carefully, you'll see that there are also many good and useful projects. Like Anryze! For me it's the most promising one. Btw tokensale is going right now!!! Don't miss it)
Kibit
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September 24, 2017, 08:36:54 PM
 #97

Lots of scam... But if you check carefully, you'll see that there are also many good and useful projects. Like Anryze! For me it's the most promising one. Btw tokensale is going right now!!! Don't miss it)

Anryze is good project, I've heard they almost raised soft cap Grin
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September 25, 2017, 08:50:27 AM
 #98

I've been looking into Dragonchain, It's from Disney (so I can trust) and they seem pretty legit, very promising project and platform (not just another "altcoin") ICO starts OCT 2nd.
I'll drop some links for how's interested..

Website: https://dragonchain.com/#join-ico

WhitePaper: https://dragonchain.com/assets/Dragonchain_Business_Summary.pdf

FAQ: https://dragonchain.com/faq

IamAltcoinfan
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September 25, 2017, 10:23:06 AM
 #99

Currently change Ico looking promising even there is lots of Ico proxy team looking promising but there is lots of Ico can’t able to decide which is legit which is fraud even I also got scammed in one Ico.

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September 27, 2017, 07:52:16 PM
 #100

I think its better to check the whitepaper first and get those advertised in coinmarketcap.com website
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