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

[rasmadisulaiman]

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...

Actually we can find out if ICO is a scam that can be seen from the ICO site, whitepaper, Roadmap available, announcements provided by developers are unreasonable and less reliable. But by looking at these factors alone is not enough, we should be more careful if we will follow ICO investment.

[royale143]

Research. No way to be 100% certain, but read whitepapers, talk to devs, etc. The less info you can find, the greater likelihood of a scam.

I agree. There's no better way to find out if one ICO is a scam or not. Check its background carefully. It's objects, developers, and also, its management team. Some people look at the management team carefully, especially if the manager have a negative trust rating. It means that there must be something wrong with how he handle a previous project, or he might have a history of scams; at least choose those that are handled by trusted managers. For the project, join those that have good products or new concepts to introduce, they tend to be embraced more by people.

[Kamelia]

first, I study the website of the project, its idea, whether he has a real application, learn their whitepaper, look at the team and their road map. Then you can rate the interest from investors, you can look at the social pages of this project, like Twitter, Facebook and Telegram, how many followers they have.

[digitalmind]

I look for the following
1. the nature of the project and how coins will be integrated into the project
2. the team
3. roadmap
4. do they really need as much money as they are trying to collect
5. any development work already done

[jin_dv]

Hello everyone! I always estimate by such criteria:
1 Evaluate the scope of activity
2 Study the project
3 Team
4 Product and MVP
5 Competition and differences of the project, USP
6 how Blockchain, Tokens, Cryptocurrency are integrated
7. Economics of token
8 Road map
9 Social networks and activities
10 Fees

[George51rus]

you need to study their white paper, chat with developers, search for them on social networks, make sure that they are real. and as far as I know, every company should have its own website.

[deviltasha]

I think that it is important to see the idea, if company already have some products it is more probably that the new project will work. You should pay attention to team members and ratings on different web-pages which have no paid rating.

[jubayerjb25]

we need to be careful to our moves because theres a lot of ico project that turn to scam and earn a huge amount of money, checking the ico project background will help to you to indentify if the project have a potential to shine or boom in the market always look for project goal and dont be trust for some project that promising you can earn a huge profit. These following 5 Things You Must Know Before Investing in an ICO
1 - How developed is the technology?
2 - Is it a Copy Cat, an Incremental Improvement, or Disruptive Tech?
3 - How detailed is the plan? What is the road map?
4 - Who comprises the Team and Advisory board?
5 - Do they really need to raise Why?

[Lilandra2006]

First of all, I will evaluate the project, how much it is implemented. If this is the gardening of Mars, then, sorry, this is unreal.
Secondly, how much money is planned to be collected. If designed unmanned lawnmower, and developers want to collect 1.5 billion, that's where they so much money. When inflated the cost of the project there is a huge probability that developers do not implement it. For what, if you have enough funds, if the project has paid itself back several times, and there is an opportunity not to work at all.
In-tertyh, how much money will be allocated to the bounty. If the amount in percentage is too high, 20% percent, for example, then the question arises, but are not the rights of investors who invest their hard-earned money thereby infringed? Advertising costs - it is a waste of money investors..

This is a very rough method of evaluating the project, but this is what I managed to bring out experimentally.

[VeeraS]

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...

sometimes someone who has had many experiences can be deceived. it is difficult to determine because nowadays there are so many that have good concept and method. almost vague
but, we must always do the research, by deepening it first, looking for some resources that can be our learning material. investigation, analysis and research. yes try doing such a method.

[klser]

You shoud study their site, read white paper. Also there are many specialized websites, They are  monitoring the different ICOs. You should check the opinions of other analysts . You can find out necessary  information   searching Google.

[freo01]

Well, first of all you need to check their white paper if it has credible information that will provide your satisfaction if the project will last , you also need seek advice and do some research in order for you to avoid fake ico. 8/10 ico mostly scam , their token is nothing but a trash sometimes.

[Space32]

First is the idea of an ICO, imho. If it's something new and revolutionary than it can be easier to understand is scam or not. I doubt that revolution ideas will be used in scam ICO in total with other parametrs you should check.
You should check it's Whitepaper and Roadmap, evaluate the activity of developers and promotion in different social media. Search info about developers (maybe it's on linkedin). Invest only the money you are ready to loose.
Also for the those who are willing to go in ICO with big money - you need to order Audit from special companies and check is it worth or not. Without real audit - every ICO is not more than an ordinary lottery.

[porfenovich]

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...

You know, to choose a good ICO from the crowd is a tricky task. I think that here it’s essential to understand  that ICOs are considered high-reward but also high-risk investment ventures; that’s why to my mind one must do the following:
1) Asking yourself a following question is A MUST: Does the project need to be done on Blockchain? Is it really necessary to create a new cryptocurrency for its work? If there’s a real need to do everything on Blockchain and it hasn’t been started solely for the purpose to stay on trend, then this idea is definitely worth reviewing.

2) Find out as much information as you can about the team. Is the team approachable? It means that they answer questions in a timely manner and are taking feedback and giving updates on progress in all details.

3) Decide whether the project has a reachable roadmap and well-developed future plans.

4) Consider whether the tokens will have any value after the ICO.

5) Keep an eye on all ICO presentations in mass media and listen to what other people think.

6)  Is the website solid and well-designed? Keep this in mind, because websites represent the company’s face before potential investors.


The keys mentioned above are pretty difficult to follow, as it’s extremely time-consuming, nevertheless obligatory.

[pro2017]

conduct your own research,because it seems that the organizers of an ICO and the teams reputation means a lot when choosing ICO for investment.

[zhangcaisbsbn55]

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...

You should read the whitpaper and fine something about the team members to see ig they are good enough to make the coins good enough.

[poncik]

There are various ico rating sites, you can use them. I am not very interested because it is very hard to make money with ico.
I prefer to buy from the stock market after ico's Prices are cheaper than ico

[Javanewstar]

It's hard to tell if an ICO project is a scam.
But you can see if the ICO project is promising based on the products they've released, but most of the time I just care about whether there are enough supporters for the ICO project.

[YajairaSN]

The first thing that needs to be looked at, assessing the viability of the ICO, is the team. Are the real people in front of you? If so, do they really have these skills?
Scam projects rarely publish their own photos and profiles on social networks on their own website. If the website does not have such information at all be sure it's a scam.

[twicezeroiszero]

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...

sometimes someone who has had many experiences can be deceived. it is difficult to determine because nowadays there are so many that have good concept and method. almost vague
but, we must always do the research, by deepening it first, looking for some resources that can be our learning material. investigation, analysis and research. yes try doing such a method.

Honestly, I just can know a scam project until it completed crowdsale and can list on large exchange or not.
Because some hype projects still have problem to get listed on large exchange.
Crypterium, Spectre, AirToken, KICKICO, these projects are the large project raised more $10 million to $50 million, but no project get listed on better exchange different HitBTC or small exchange with low volume.