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Author Topic: So many new ICO, how to check if it's scam?  (Read 14775 times)
strwy09
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April 24, 2018, 05:34:30 AM
 #541

Mining structure is disproportionately biased toward the development team
Although the ICO project's supply tables and mining structures do not always test the touchstones of scams, they can be used to cross-check other data points and verify the project's intent.
Simply put, premine refers to a portion of tokens being opened in advance to a small group of people before a cryptocurrency item is opened to the public. Sometimes this may be necessary for rewarding developers and early investors. However, if the percentage of tokens retained by the project for pre-mining is high, then we have reason to worry about it.
For example, Paycoin reserved most tokens to project developers whose founders were convicted of running a $9 million fraud program. The mining structure is biased toward the development team, which may indicate that the team's intention is to maximize its own financial gains through the appreciation of the tokens, rather than to keep the blockchain network going.
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Lerikaweb
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April 24, 2018, 05:37:23 AM
 #542

In current market conditions (in terms of growth) there will be far less scam projects. It will be more profitable for them to develop products and earn on long-time basis.

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April 25, 2018, 03:55:34 AM
 #543

to be honest it is impossible to be 100% sure if its scam even you know hose people personally it can turned into disaster at end.
To minimalize risk try call to them, ask i email. Contact with their advisors that may lost reputation by joining their party.
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April 25, 2018, 04:01:53 AM
 #544

Most impotent A project that can solve real life  problem. Also, Check the team . It is good if they developed successful projects in the past. Choose ICO with great idea which opened his code on Github and is highly rated by icorating etc.
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April 25, 2018, 04:11:57 AM
 #545

Well, actually we can do our best by making research of the ICO, check the team, read the whitepaper and check on their website.. It is so important that we do it first before investing on an ICO, well.. nobody want to get scammed!
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April 25, 2018, 04:57:15 AM
 #546

First look at the project site.  View the team, find their pages on social networks and other information, study it.  To study the project branch on the forum, to analyze the developers' answers.  View activity in the group of telegrams. To monitor team work and product availability.

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April 25, 2018, 04:59:20 AM
 #547

Theres a lot of ICO today and maybe some of them is a scam, but to be aware in scam and have a legit ICO first u must look at their whitepaper and roadmap and what is the purpose of the project if it useful and how it work at all. See some proofs to be aware always curiousity is good as always be safe.
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April 25, 2018, 05:07:00 AM
 #548

First thing is to read their website and see if it looks good and legit or not if the white paper is good and well written then we should check their website and check if they really did the proper work on creating that website and last thing is we should check the team. That is the risk in investing in ICO it can be scam or not, make sure you verify first the people behind it if they are existing or not. You can check their linked in accounts
It may be that even if there is a command even if the idea and white paper is all right, may be such that the ICO project just didn't have the funds to start, and this prolongs the fundraiser. So that if even successful the can be simply extended.

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April 25, 2018, 05:32:19 AM
 #549

Research is needed. There are categories you should use to come to the conclusion if a particular ICO is worth investing in. As a basic, you should definitely take a look at the core team, the whitepaper, the website, their social media, and their online presence.
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April 25, 2018, 05:56:08 AM
 #550

You're right , new ICO appear every day . But it is difficult for even the most experienced investors to check which of them are not scams ....
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April 25, 2018, 06:13:55 AM
 #551

I found this ICO that is still pre release today actually , just stumbled upon it. It Honestly appears like a potentially big thing once more people hear about it, I did my research and I think I can say that ... Tongue
https://www.aigotoken.ai & https://www.aigo.ai appears to be the main websites , If there is a test I am missing then let me know ! ? white paper is thorough and they all check out as far
as team and developer . I guess you cannot help but think what if??
think its fake or real , yes no?
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April 26, 2018, 04:01:58 AM
 #552

Look for projects with a good profitable idea with growing market demand.
There are also some good cryptocurrency blogs with regular reviews and comparisons of recent ICOs, for example, here is a good recent one, all their previous advice seems trustworthy: 5 Moon-shot ICOs set to shine in April and May 2018
BTW, his top 5 ICOs to invest in these two months are:
1. LCCX
2. Truegame
3. BitRewards
4. Minerva
5. XTRD
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April 26, 2018, 04:04:55 AM
 #553

the difference between ICO and IPO is nothing. ICO is looks like IPO, the company want to have money for their project. So, they create an ICO to call for capital and investment. Investor you get profit if their project can be success, of course, it is high risk with which project has not anything.
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April 26, 2018, 11:42:05 PM
 #554

Research is needed. There are categories you should use to come to the conclusion if a particular ICO is worth investing in. As a basic, you should definitely take a look at the core team, the whitepaper, the website, their social media, and their online presence.
In my opinion, I recommend you should check the community of that ICO you want to check is the good or bad project for investment.
A good project ICO never give up the investor and always ready to answer any question about the project.
The support team can work up to 24/7 if that is a project in worldwide.
As long as an ICO project has the good community, the value of that ICO token will not lower the ICO price.

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markieeeloy
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April 27, 2018, 05:01:46 AM
 #555

When you are a true investor you are not just depending on a good website, a good team or a good feature. You have to make sure all the details included on the website are a 100% true. Not all ICO right now is completely true, some of it are just using its best interest just to make people scam. Be careful. Always do some research first.

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April 27, 2018, 05:10:12 AM
 #556

Its hard to know but you need to make a research, read the ann thread, whitepaper, look the marketing strategy, check the road map, look if have a strong support of the community lastly if the manager is trusted sometimes it matters.
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April 27, 2018, 05:15:12 AM
 #557

It's difficult at the beggining, but once that you get used to do that, you will understand that you need to read the whitepaper properly, to make a good research about their telegram, their socialmedia and a lot of other stuff that might be interesting for making your own research.


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April 27, 2018, 05:19:48 AM
 #558

No one knows at the end whether ICO is a scam or not. But you should look up for more information about the developers of an ICO as well as check out their Whitepaper.

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April 27, 2018, 05:50:30 AM
 #559

There are a lot of new ICO every day, and frankly I'm troubled.
But my only criterion is whether the team is good.

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April 27, 2018, 05:52:04 AM
 #560

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...
All is scam, it is not legal to print money

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