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

[tengek37]

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...

The original ICO has some important information such as:
white paper
team & develover
Total Coin
Detailed Information about the Project

[1714971771]

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[TitanAI]

Most of the ICO's are shit.

The best way to know that an ICO is legit, is seeing that the team already has a working product (for example, BitDice has a running casino for 3 years, and now they come with an ICO).
And, what Whipsplash says: the more info you can find beside their webpage, the less likely it is that is is a scam.

I agree with you, a better example is LiveEdu that is running an ICO. LiveEdu is powering global online education with blockchain smart contracts. LinkedIn bought Lynda.com for $1.5 billion, which was founded 20 yrs ago. LiveEdu is building today the next-generation decentralized Lynda. We connect content creators (streamers) to learners (viewers) who teach them how to build complete products. Y-combinator company.

[Fala8]

There is no way to be 100% certain. Read whitepapers and check the team very carefully.

[Erlinda Santiago]

Most of the ICO's are shit.

The best way to know that an ICO is legit, is seeing that the team already has a working product (for example, BitDice has a running casino for 3 years, and now they come with an ICO).
And, what Whipsplash says: the more info you can find beside their webpage, the less likely it is that is is a scam.

yes your right because other campaigns with new ico is scam so be sure to check it clearly so u wont get scammed by the fake campaigns

[rickyleatham]

every ICO has it own website and whitepaper, so read carefully if you want to invest in that project,moreover you must check their interaction to people, ask questions to advisors or develope team, if they unwilling to answer your questions, you should stop and quit that ICO. however many ICOs nowaday too hard to check if that project is scam or not, so it is a little risky to invest in.

[hyet24]

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...

To be honest if you like gambling then you like ICOs.   I would put them on same league as sports gambling because simply you can do research to minimize the risk.  You have to keep in mind that anyone can make a white paper, website and a team.  That's why I could compare it to sports gambling.  You don't know if the team can kept going or not but research can clear of some stuff about them.

[Anchor867]

the best way to know if the ICOs is working properly is to research that certain coin reading their whitepaper , dev team and many more and also you can see if it has working product this can be a very good proof that the ICO is not a scam

[RieL]

if i we're you , you should do your own research in order for you to judge that certain ICO check their dev team and whitepaper read it carefully so you can know if is a scam or not then also check the ICO if it has a working product already this way you should know if that certain ICO is not a scam this also may use a good evidence for that ICO is not a scam

[Argoo]

ICO is now really a lot and the degree of risk when investing in it has grown very much. You can study the ICO program, its need and prospects, check the team in terms of its professionalism, check whether it has a license, whether its location is indicated, however, in the end, this does not save you from the risk of fraud. As elsewhere in investing in a particular type of business, the risk still remains.

[weredo911]

I think this is the question which many people wanna receive the answer. Unfortunately, there is no correct answer for this question. You have to use your knowledge, your experience to confirm it is a scam or not.

[nodav]

I think this is the question which many people wanna receive the answer. Unfortunately, there is no correct answer for this question. You have to use your knowledge, your experience to confirm it is a scam or not.

experience and knowledge. but the risk is always and everywhere.

[Taki]

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...

The original ICO has some important information such as:
white paper
team & develover
Total Coin
Detailed Information about the Project

I wander of why nobody saying about the idea of the project? All those facts that you called are important indeed, but I count the first thing we should to pay attention is the idea. I have seen many different projects from banana to diamond farms, but for the investment I chose a casino, cause of it is really popular this days and the popularity of online casinos is constantly raising.

[giga_999]

ICOs with a shady page, the team of nonprofessionals without profiles on social media channels, with not clear whitepaper.

here is good 4 min read an article on Medium from CH worth to read: https://medium.com/@crowdholding/what-is-an-ico-and-should-dive-in-f712ffdef9eb

[daviddejongeth]

Start with the assumption it is a scam and then move through the stages to make yourself believe it is not.

Team members with relevant blockchain AND sector experience ?

Do you like / believe the whitepaper ?

Backed by known entities or people - i.e. not celebrities and not known crypto people, but relevant real world and business people.

Avoid the hyped projects.

Check that the structure is not based on team money extraction - i.e. for example ICOs where tokens are issued to the team without considering the amount raised (such as Powerledger).

The best at the moment for all of the above is Prosume Energy.

Check the WP, team members with unbelievable knowledge, Ernst and Young on the advisory board as well as sovereign wealth fund advisor.

Existing project.

[Suaves]

It's difficult to say, but before choosing an ICO, people should consider various aspects:

- The managing team (Investigate in internet if they trustworthy and competent)
- The vision and goals
- The allocation of funds they offer.
- Website and whitepaper

So doing it, there is no way to be 100% certain.

[Mr_McKska]

First step to see available or not ICO at website:
http://icorating.com/

And next just learn more about project, about what people say, about developers.

There are many listing websites, ICORating is not the only one.

And don't forget, guys, that some project ratings published on such websites could be ordered by the projects themselves and paid for by them. Pls choose your sources of information carefully.

[Saone]

Yeah ICO listing and most of marketing stuff can be bought so it may end up as well invested scam.

[staceyoh]

The best thing to know if an ICO is a scam is to make a research. You need to see all the information on that ICO so that you will know if that is a trusted ICO and not a scam.

[Gerobit]

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

I propose to develop a standard (list of rules) that guarantees absolute protection of investor's funds.


BPI, Blood Pact ICO standard

[orcuncanli]

obviously you can see from a few things. I think the team and thoughts are imperative. many have smart thoughts yet are not corresponding to their procedure, that is one sign of a scam.