So many new ICO, how to check if it's scam?

[dieselmeister]

There is no doubt that many ICOs now are scam. So, checking carefully is the most important step to avoid losing your money. In my opinion, there are 3 things you should check. Those are the possibility, the vision, and the team. 

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[LynielZbl]

That's true, there are so many ICO's in the forum now, so it's very difficult for me to choose where I can invest, I'm scared to be scam. So I'm thankful for this thread because I was learned now how to choose legit ICO.

[skullsandbones]

Need to do research on the project, read whitepapers, check the team behind the project also check the website and speak with the developers. Most of the time scammers offer something too good to be true.

[tobatz23]

If you want to invest, these are some of the question you should clarify before investing in one particular ICO's:
 1. Who are the people behind the cryptocurrency?
 2. Are they trustworthy and competent?
 3. Are their names and resumes published for the public to review?
 4. Do they have a Google trail of promoting other scams?
 5. Do they have an experienced technology team behind the cryptocurrency?
Because as the price of bitcoin, ethereum & other cryptocurrency continues its trajectory, more and more opportunities are being presented to inexperienced "investors" who have seen easy success and expect that success to continue. This is why you should be vigilant & observant before you invest..

[Mr_McKska]

I believe about 50% from them are a scam.

50%? Oh, mate, you are very optimistic. I suppose that now 90-95% of ICOs on the market are scam and have no any future and potential benefit for investors. Some people say that 99% of projects are scam in varying degrees.

[LeapTokenSale]

The key is to do a proper research. Even if the idea looks nice, you also need to check the team - who are they, what experience do they have, do they have official profiles on LinkedIn and etc.
Join the official community channels and get feedback from the other people, most of them are helpful.

[Winner]

90 % of startups are failing.

Check out the team and the concept, check out the MVP of the project. be aware of hypes, if the projects sound too great with a lot of promises but without an MVP such project most likely will fail.

Project I am working for has launched its ICO
We have an APP and a great concept of co-creation.
Check out here our ICO page

Yes, there is a bunch of scams that will cause a little bit of disruption on the price of Bitcoin though some people will catch on.

[inthelongrun]

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

Try to dig deeper to know the real score of the ICO you wish to participate in. Websites and whitepaper appearances are mostly misleading because of how they present themselves very well and smoothly. But if you try to go into the details you will find out that there are some questionable steps along the way. Raise all of these vague and questionable concepts and details to the devs themselves.

[XbladeX]

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

this is realy hard today to disconnect scams from legit ones.
Some people promote and earn money from it but after ICO that token goes under ICO price becouse it had presale like 200% discount or more.
You can burn easy

[AntonioE]

For me as long as they don't ask for too much donation and too much activity to get free tokens that's fine. If they want to give free tokens to those who really deserve it just give it no more question.

[irfanrete]

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

in my opinion how to check new  ico scam is with Check the whitepaper.
Whitepapers explain how their platform works specifically.
This includes simulations, specifications, calculations, and charts. If that project doesn't provide explanation on how their project works, do not ever trust that ICO.
Look for the team. Look who's behind the project. The members of the team should be well-known or have joined previous projects.
Don't get fooled by buzzwords. They may sound great but if you actually understand it well, it's just full of empty promises.
more or less like that.

[mihohil]

no ways to check it, and it's so sad. I'll be very surprised when someone will invent maybe app to find scam ICO's.

[KingScorpio]

So many new ICO, and they all have new idea and tech listed on their webpages,

and even the websites use the same template...

but so many new ICO, how to check if it's scam, or worth to invest...

my problem is vice versa

so many ICOs are scam, and investors are mistrusting how can i prove myself that i am not a scamer



regards

[KingScorpio]

no ways to check it, and it's so sad. I'll be very surprised when someone will invent maybe app to find scam ICO's.

lol

welcome to reality,

bankers do whole day nothing else but trying to find out who is worthy of funds, and who not.

the problem today is that those worthy (like me) are totaly tired to constantly having to prove themselves, (its the prinicipal agent information asymetiry problem teached in universities)

the entire financial system in nation economy suffers from that because new contracts for companies especially in construction and civil engineering are beeing halted, because no one can lend enough to invest into what is necessary.

so i am creating a website as a singe example card of my work so people can understand what i do.

but i realised if i am detailed professional and complex i have the problem that the investors/bankers are not understanding me anymore.

if i am dump and easygoing then potential investors think i am not capable to deal with high complexities.

how the hell can i finally get the trust to get the funds i need so i can focus doing my work

help me, so i can adapt my website and white paper.

regards

[noorammak]

there are many things to know if that ICO is a scam like: you can check their whitepaper and fund information, if they dont show us enough information about what they about to do in the future then it is a scam, or contact to their staffs as long as you can, if they can not answer your questions or try to avoid it, then it can be scam too.

[KingScorpio]

there are many things to know if that ICO is a scam like: you can check their whitepaper and fund information, if they dont show us enough information about what they about to do in the future then it is a scam, or contact to their staffs as long as you can, if they can not answer your questions or try to avoid it, then it can be scam too.

ok then lets do something new i am not opening an ICO /ISO C.pro thread i will open a threat called,

"i am not a scammer test me"

is that ok folks?+

because i can answer all questions

and i am not dependent on a waste full huge team of 20 people smiling on my website

small and efficient, i an a long term player.

regards

[tk808]

9/10 ICO's are scams.

There is nothing to check if a coin is a scam or not, the best you can do is do some research

[Diggorry]

You can refer to some sites that evaluate ICOs such as ICOrating, ..
The key is the information in the whitepaper
Some of the information to pay attention to such as: development team, road map, ...

[Bitcoin_Africa]

Some have working prototype or even functional beta products/apps.
I would trust only these.

[TTITA]

If you want to invest, these are some of the question you should clarify before investing in one particular ICO's:
 1. Who are the people behind the cryptocurrency?
 2. Are they trustworthy and competent?
 3. Are their names and resumes published for the public to review?
 4. Do they have a Google trail of promoting other scams?
 5. Do they have an experienced technology team behind the cryptocurrency?
Because as the price of bitcoin, ethereum & other cryptocurrency continues its trajectory, more and more opportunities are being presented to inexperienced "investors" who have seen easy success and expect that success to continue. This is why you should be vigilant & observant before you invest..

In my opinions Whitepapers has explain manything about some background stories, dev team profile, project progress, marketing target.
So maybe you saw the buzzword salad we just talked about but hoped to find something completely different in the Whitepaper. This can be true, as developers may try to simplify or hype up their product on the announcement or website and detail the actual tech behind it on the whitepaper. However, if the whitepaper is full of these same buzzwords with no clear meaning, no actual tech is discussed and only high-level descriptions are given, then this is definitely a scam.