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Author Topic: So many new ICO, how to check if it's scam?  (Read 14811 times)
tulpash
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December 20, 2017, 12:48:42 PM
 #241

Yes, there are a lot of scam among the new ICO projects. A good project can be found if you study the team, idea and other documents. You can even contact the team and find out the details. Find a really good project possible.
ptolimeus
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December 21, 2017, 02:34:35 PM
 #242

The ICO project site should be perfect. All links and buttons should work on the site. Links to team members should lead to real people, this needs to be rechecked. Ideally, this is if the company existed long before the ICO.
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December 21, 2017, 02:44:32 PM
 #243

Most of the time it's hard to tell if an ICO is a scam, but you can see if the team is a fraud, whether it's been working on blockchain technology before, whether it's open source.

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December 21, 2017, 02:50:52 PM
 #244

Research is always the best way to go. Do your own research, see what other people have to say about it.

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December 21, 2017, 06:31:12 PM
 #245

Hes, now there are a lot of scam ICOs.  I advise you to participate in no more than 1 project once a month or two months. And spend the rest of the time carefully studying and selecting projects.

cryptopan
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December 21, 2017, 06:42:42 PM
 #246

Find what the developer's previous track record,read whitepaper,search the product and use of the coin our daily lives,investors,and community's feedback.

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alt-fire
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December 21, 2017, 09:15:58 PM
 #247

it's very difficult to check ICO good or scam
if you can find, then it is often difficult to participate, tokens are bought up in the first minutes.
bribed
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December 22, 2017, 12:28:42 AM
 #248

Its crazy how many new ICO's are popping up each day. There are more and more scams among the few legit ones. Its hard to distinguish the two because the scams are adapting fast and sometimes put a lot of effort in to cover up that they are scams. They act very professional. Thats very dangerous for investors, because they are easily tricked by this.
Its always good to have some filters to find out whats a scam and what now. Personal due dilligence is very important. In the end its most important to accumulate some experience with researching ICO's and following your instincts when making a decision, this most of the time turns out to be the best way to decide wether to invest or not.
PeZ
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December 22, 2017, 01:20:31 AM
 #249

Assume it's a scam until proven otherwise.  Grin
shaun98
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December 22, 2017, 01:25:27 AM
 #250

Read the whitepapers, check and research the team.

macchiato
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December 22, 2017, 01:30:39 AM
 #251

There are 3 ways of determining a good ICO:
1. Choose ICO from known and reputable manager.
2. Do you own research. There are existing threads here that talks about good ICOs and there are recommendations there.
3. Read the whitepaper of the ICO. You may find some hints of inauthenticity there.

Huskarls
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December 22, 2017, 01:33:40 AM
 #252

Read the whitepapers, check and research the team.

i think that's not enough.
My way is we need to find is this ICO is exist on youtube or we also see some review (if some people have a good reviews about it at Youtube) it will be a good one and of course i will participate
iconoclast
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December 22, 2017, 01:43:23 AM
 #253

At the end of the day your investments long term performance is entirely dependant on the ability and honesty of the people behind the project. Never invest if you can't confirm the people behind the projects integrity from multiple different sources.

FUD Expert
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December 22, 2017, 01:54:26 AM
 #254

The best advice that I got is to check the team of the project. Check each of them with all their background and if they have experiences on this blockchain field so leave if they worked from fields that are very unrelated.
Raffy11
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December 22, 2017, 08:41:49 AM
 #255

I think the best way to find out if ICO is a scam. Is to check their campaign manager and thier past campaign that they hold so that you can trust thier newly made campaign. And in that way you can say that you have a great decision join thier campaign.

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ArbB
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December 22, 2017, 08:45:37 AM
 #256

YOu have to do some research. Why they are creating it, what features does it have.Check the team that is working on it. Try to get in touch with the Devs.
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December 22, 2017, 10:03:13 AM
 #257

First and foremost, you need to look at the team and that it offers something new to the market Yes it was good ,but the feasibility of this task ,or is it at the moment, supernatural .So many factors affect the successful ICO
CryptoTrip
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December 24, 2017, 05:29:44 PM
 #258

That's how much I watch for ICO, this picture is drawn. Good cap on ICO reach those companies that have famous people in the team, who have worked in well known companies, sometimes the idea of the project itself is bad, but due to the authority of the team the project is in demand. The second component is the partners of this project, if among them there are famous names, this too plays a significant role

ankit05
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December 24, 2017, 05:47:05 PM
 #259

These are afew things to check investing if they have product, read whitepaper, roadmap and their and know their marketing stratege. These way you can have an input if their project is scam.

peleng
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December 27, 2017, 07:27:47 PM
 #260

It is necessary to check the previous work of the ICO project team. Also need to check the official documents of the project.
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