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Author Topic: So many new ICO, how to check if it's scam?  (Read 14775 times)
Crytptomeniac
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May 07, 2018, 11:20:59 AM
 #581

Just do research is the best answers that you can get to questions like these. The coin that you are interested in should be researched to the best of your ability, look at the whitepaper and the roadmap for the coin, also look at what the developers are saying and doing about the project and it is better if a project has a face
pat231
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May 07, 2018, 11:27:28 AM
 #582

A lot of good ico and profitable but there is also a scam, a good ICO usually has a responsive team and they always respond to the comments of its members in their social media group account

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owlman
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May 07, 2018, 11:36:55 AM
 #583

Choosing a good ICO project is really not easy, and you need a lot of experience to be able to at least slightly distinguish where fraud is, and where a really promising project. When choosing a project, there are many factors to consider, one indicator with which you can determine a good project is difficult to distinguish.

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Bitcoin2018
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May 07, 2018, 01:16:29 PM
 #584

It is necessary to make deep research of ICO and the project team. It is also necessary to carefully read the technical documents, WhitePaper at least. And try to assess the economic feasibility of the project.


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Kleyn Bank
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May 07, 2018, 01:19:49 PM
 #585

First read whitepaper It's best way to find its scam or not.
godspree
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May 07, 2018, 07:32:37 PM
 #586

In my opinion, the first thing you need to do is to read the whitepaper and the website of the project. You should see if they are well written or not and understand if they are legit. Another important thing is to find out about the team behind the project, because a lot of depends on the team in project.
george_hured
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May 07, 2018, 08:06:55 PM
 #587

no one can give ico scam warranty or no scam. try to see the web, and look at the total sales of his coin, if it has reached hardcap it is very good, maybe a very small scam
I think that this behavior still does not exclude risks, of course they become much less than if they invested in a new project, but still it seems to me that now there are still a lot of projects on the market that today can be scam and no tools today unfortunately no. It's very sad, but it's a fact.
Lemayilleur
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May 07, 2018, 08:27:38 PM
 #588

I think that it's difficult to determine at once, but there are several criteria by which one can say how good the project is!
1) team
2) technical documentation (whitepaper)
3) idea
4) website
5) soft cap / hard cap
TERA
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May 07, 2018, 11:17:33 PM
 #589

I think it's worth checking every little detail, checking all the facts listed in the white paper, checking all team members, analyzing the idea, its future!
Chida
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May 07, 2018, 11:21:41 PM
 #590

there are some parameters that should be followed. for example, it is very important to investigate the project team. Do they not hide their real names, can they find their profiles in social networks, what is their technical experience, are they strong in marketing, is there experience in large projects? Think whether they are able not only to attract investment, but also to build a sustainable business.
zippolo
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May 07, 2018, 11:36:05 PM
 #591

I think that professionals will work on this, namely: the block system ecosystem will create an immune system against dishonest members of the community. Not only will the market improve, but in ICO the flow of investment will be distributed in favor of really useful projects for the crypto industry, and investors will be able to earn more and more safely.
BlackRacerX
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May 07, 2018, 11:38:09 PM
 #592

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...

Background check the people behind the development and the ICO. They usually have or most likely will have a great portfolio or is backed up by a wallstreet company. That's most probably legitimate. If the rewards are too good to be true and the payout seems too late in distribution, then probably it's a scam.

Qastessa
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May 07, 2018, 11:46:39 PM
 #593

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...
yes now a day their are so many ICO's are alive but if you want invest money in ico you should first check the white paper and research about the project and contact to the developers for to confirm the information about the ico's.
khoatg11
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May 08, 2018, 01:57:48 AM
 #594

It is difficult to find traces related to their scams
Usually I test the idea of the project , what is the purpose of the project if it useful and how it work at all,
check the team, check the roadmap of the project, check out the methods they pay for ICO v.v and other selection criteria
david tien
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May 08, 2018, 02:06:46 AM
 #595

Scam projects will often make bold claims about their product even though said project offers nothing new or disruptive. It’s not likely that a certain blockchain platform or cryptocurrency will end poverty, fix global warming or replace the internet.
Derizia99
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May 08, 2018, 02:16:02 AM
 #596

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...

now ico new is very much, there is a good idea there is also no idea, we must be careful in buying token ico, we have to ask his admin, what project they do, then we read whitepaper him, so we can avoid fraud  Smiley Smiley
josephine85
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May 08, 2018, 02:25:52 AM
 #597

This question has been asked a while ago and there are lots of good replies already.
Please check here.

https://bitcointalk.org/index.php?topic=2124560



Thanks for sharing the link. I am not so long here at the forum and I am still not so expert about the ICO, but I already have the idea on how to spot if it is scam or not. It is very painful if we will be a victim of a shit scam. We need to be very careful because our effort in joining the signature campaigns will be useless if we cannot detect if the ICO is a scam or not.
xbiv2
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May 08, 2018, 02:27:21 AM
 #598

Quote
So many new ICO,  how to check if it's scam?
I can cjeck for you:
yes, it scam.

Birin016
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May 08, 2018, 02:38:32 AM
 #599

At first you could see from the vision and mission of the ico. And then you could see from the pre sale of ico.you could see if the ico success the pre sale will reach the soft cap. It will be the best ico too if it reach hardcap too. Ypu could invest at the pre sale or main sale because it will give you more bonuses.
hsdjdyt
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May 08, 2018, 02:57:19 AM
 #600

ICO has many scams. So you have to be careful. Read their white papers to understand their team members, their technology, and their project prospects. Look at the information they posted on the official website. Pay more attention to some details.
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