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

[concept2]

Check their team. Most of the ICOs which have good team always gain success. Dont follow any ICOs which have a weak team or unprofessional employee. CHeck how they design the website too. Also, if you have time, read their whitepaper. Scammers do not have time to make their own whitepaper. They steal whitepaper from other ICOs and make a few change

[ctyong]

How to spot scam coin? You need to do some research on their whitepaper and development teams and I find it difficult to determine the scam coin just by those two factor but it will surely narrow it down a bit.

[devollito]

1. Check the project - is it possible or impossible project, we can call it dream project.
2. Check the team - a whole team especially CEO and CTO and COO. Also dont forget to see who is the advisor. ( look at cindicator ) the advisor is totally legit.
3. Check the roadmap -  how long you willing to put your money in to this project, you can predict it from road map.
4. Check their github
5 check the top management linked in


Thats what i always do..

[BitcoinNational]

You'll never be sure 100%. But if you check the team (most important criteria to me), if they have experience, if the profiles are relevant for their project, and then the project itself , is the project well explained? Do you have the feeling that they know where they are going?
If these two points are suspicious, don't go further

[thinker74]

1. Check the project - is it possible or impossible project, we can call it dream project.
2. Check the team - a whole team especially CEO and CTO and COO. Also dont forget to see who is the advisor. ( look at cindicator ) the advisor is totally legit.
3. Check the roadmap -  how long you willing to put your money in to this project, you can predict it from road map.
4. Check their github
5 check the top management linked in


Thats what i always do..

Thanks for sharing, those are the steps I follow as well, absolutely evident-based practice and I learned the hard way. On top of the above steps, I limit myself to industries that I am familiar with. Talking with the dev/team won't do any good if you are clueless about the technicality and drown in their bullshit.

[kryptqnick]

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 that the team is important. If there is a famous casino or some known people working on the project (which I guess is a rare thing) then it is not a scam. Yet even this doesn't guarantee the project's success, so investing in icos is really hard and risky.

How to spot scam coin? You need to do some research on their whitepaper and development teams and I find it difficult to determine the scam coin just by those two factor but it will surely narrow it down a bit.

I suppose the question here is rather how to find a non-scam coin that the opposite. By the way, maybe all these Chinese regulations will help to deal with this matter, for I saw the news about the ban of suspicious icos, not all of them.

[billyj111]

You'll never be sure 100%. But if you check the team (most important criteria to me), if they have experience, if the profiles are relevant for their project, and then the project itself , is the project well explained? Do you have the feeling that they know where they are going?
If these two points are suspicious, don't go further

Agree, but it's not so easy either. Bancor. They had a good team, and I think the idea is cool in them, but it's still zero and unrealized.

[moamin77]

Look at many things, like:

Team (Leaders, key persons, developers...)
Project Idea (sometimes the brilliant ideas could also be patents or IP publications...these are always great & new)
White paper (how it's written, its structure, the details it includes...)
Timeline (should be clear & deterministic)
Lock-in time for the founders/company tokens (sometimes for the raised funds)

and many more

[perla]

nowadays there are less ico which scam because they use escrow, if failed they refund investor's money. but it will be different if their ICO success but no update for long time.

[Fundamentals Of]

Check their team. Most of the ICOs which have good team always gain success. Dont follow any ICOs which have a weak team or unprofessional employee. CHeck how they design the website too. Also, if you have time, read their whitepaper. Scammers do not have time to make their own whitepaper. They steal whitepaper from other ICOs and make a few change

That is right. Try to do a process of looking at their track record. If they are infamous in creating scams and starting projects and then leaving in the middle of the development, then that is already a red flag, even if these are all accusations but they are too many. Whitepapers can be made by merely paying brilliant people.

[jeytora]

There are many scam ICO but in order to verify if their project is legit is we need to do some research. Check if they have a product, read the whitepaper, roadmap and know their marketing strategy. These way you can have an input if their project is scam.

[rajakoin1994]

You just need to identify carefully about the ICO..
Do research on his team and read whitepapers carefully..
If you are sure with the team reputation, then you can decide to join the ico or not..

[warrior333]

There is no guaranteed way to protect yourself from the fact that ICO will be a Scam. Not every Creator is counting on that. On the contrary most of the coins created with the hope of a long life, but the people decide to trust them or not and vote for it with their money. A promising project for a few days can be a Scam and Vice versa.

[jingyang]

I think we can understand whether or not it's cheating by looking at the team behind the Project.
If the team is made up of experienced and reliable people there is no problem

[munareal]

Services like ICOtracker, ICOrating, ICOstats helps.Look at the team behind it, their reputations will help you decide. Understand  the ICO's business model by checking their white paper and roadmap .Check them on GitHub and also their competitors.Some ICOs are not intended to be scams but ended being scams for various reasons.

[nightwishx]

of course you can see from some things. I think teams and ideas are important. many have good ideas but are not proportional to their strategy, that is one indication of a scam.

[tanoe]

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...

really ? use the same template ? so far, i never see .

i thought you should check the main concept, whether make sense and solve real problem . or not ?

but, still there is'nt guarantee it's would be successfull , There are many things that makes this fails .

[pitiflin]

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...

Best thing to do is an EDD(enhanced due diligence)  is what I term it, and here is an example on how it works in basic terms.
Read their white paper, interrogate with them in various social media sources with different user names. Check their website for every small thing and find out a loophole if any. Try to bluff about their ico and the way they react should be observed carefully. And also figure out how they are going to utilize the funds they receive from people and how well they are going to return it back.

[AllToMoon]

It's impossible to check scam or not. The only way is make your own research and not invest to match in one project. Or give work to team ofprofessional investors to choose some for you. See my signature Finshi is one of them

[Hoang Hai Tran Dang]

Is there any website to be the first step to check an ICO website?
Thanks