ICOs are a legit or Scam?

[Nawaytes]

No one can guarantee an ICO project will not be a scam, just do your research (your own research) by reading all the descriptions about their project.
You can try to thoroughly understand their whitepapers, their teams, and their roadmaps. If something doesn't make sense to you, it's better to leave.

[Momoamzad]

Maximum ICO are scam as people say . but who can give 100% surity that This project will not be scam? Better is before investment one should gain a lot of knowledge about the ICO project.

[Yamifoud]

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

They say that many of the ICO are scam so I can consider that it is risky to invest our money to the ICO. I prefer to you that before you invest your money to the different ICO you must have a lot of knowledge.

Even though it is risky but still a many are making investments with ICO. Actually it depend on person who are managing the project, because if they know that person is trusted probably they don't afraid of putting their money on ICO and making investment with that certain project.

[jhonjhon]

Like in everything, There are good and bad, some ICO's are good and very good, others bad, you just have to be careful where you invest your money

Some ICO's become scam because of having an internal problem with the members. And other are totally have bad intentions, they only provide a promising platform but they don't provide it in return. That's why, we should be careful enough in making investment with ICO project or you might loss your money in a minute.

[giveen]

You can't determine this it depends on the owners and the team if they are serious about the ico it is legit but if they raise the money and don't deliver what they promised then it is a scam all this is obvious but no one can really determine the nature if the owner has a shady past then it is scam if it's completely new team it's really hard to find out the legitimacy of the ico.

[aiwazz]

Trend for making ICO destroyed a bit this kind of investments because was a lot of scammers :/ But e.g. TaaS? Fanstastic ICO

[carlosmg]

If some ICO doesn't use transparency mechanisms, to ensure that developers are not creating thousands of addresses to fake the number of users participating on it, then you are at the risk of investing in something with highly centralized supply, and potential scam.

[Fluffy Bunny]

Yeah, i agree that most of the icos are scam and created only to make themselves rich. As one of the members mentioned above, you have to check their road-map, their white-paper, Their DEV team and then make a decision if it's worth to invest or not, otherwise it's just waste of time..

[BossMacko]

There lots of ICO and yes most of them LEADS to SCAM, you'll be lucky if you pick the right ICO that will continue with there program. You'll notice some project that are unreality to achieve then that is one sign that the ICO is more likely going to SCAM everyone.

[fidentiaX]

-understand the business model of the ICO
-is there a utlilty for the tokens
-how creditable is the team

lastly diversify your investment into different ICOs.

[Eugenius2]

In order to identify an ICO as a scam you need to have a broad understanding of the market and the blockchain technology. ICOs are not scam. They are unregulated and that's the reason why people can lose so much money and others can make so much.

Here's a small article giving tips on how to analyse an ICO.

Excerpt:
That said if these 4 items are in place, it could be worth investing.

• You have read the white paper in detail and it makes sense as a business
• There is a demonstrated demand for the product
• The business needs a cryptocurrency / token system to perform
• You can commit funds without any suffering in your life

The concept of an ICO itself is legit as fuck. Just imagine you want a wolf to lead your flock of sheep, but you're not putting a muzzle on him. He will of course kill your flock over and over again until you taught him how to do his job correctly and he understands it on his own... Or you put a muzzle on him. (Regulations)

[CroDam]

Yes, some ICOs are scam but mostly behind ICOs are legit projects.

[diguyo]

Some are legit and some are scams. You have to look into the project and it's merits and take it on a case by case basis. Don't jump in because something might explode upwards, do your research first - why does the project exist? is it a good solution? is it viable? what's the dev team look like? how long will it take?
There's a lot of ICOs for the sake of it now...a lot of bad investment potential. Choose carefully.

[erjanite]

ICO's just any business there are risks. Most ICO's today are scam. Just make sure to do your own due diligence.

[pikatju]

A lot of ICO's are scams. But some are decent and will have a good whitepaper. It is critical to a good product and it shows the effort of the team.
Powerledger has a great whitepaper. I would consider loading up on Powerledger. The ICO is running now and it is super cheap. Check it out here

[johnny66]

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

LOL i'm newbie and I know more than you... My advise : if you don't understand how it works, don't invest, it's not for you

[moala]

Most of the ICOs are scams and some which are not scam also will most probably fail as they don't have a revenue stream. Almost all the tokens that the ICOs give out are useless as they don't want to be classified as securities. So investors are mostly holding worthless tokens and when they realize that we will have a nice bloodbath

[FrueGreads]

It' so hard to answer that. I think that most of them will go nowhere. Some are not trying to scam you, but they will fail in it's implementation, some are complete scams, and others will have a great future. Read their white paper, analyze their road map, and decide whether to invest or not. Right now I have my eye on Filecoin, Cappasity and Enjin. They all seem great projects that offer solutions to real problems. Maybe they will succeed maybe they wont, I can't know for sure, but they seem legit at least and probably worth the investment.

[criz2fer]

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

Study and research the whitepapers first.
Second will be the devs, it better to stick with known personalities which are involved in successful projects.
Lastly will be the uniqueness of the project. Most of them are in the same platform, but choose carefully which project you think will be on top of the chain.
But always remember that all of them have a risk in investing.  

[The Numbat]

A lot of ICO's are scams. But some are decent and will have a good whitepaper. It is critical to a good product and it shows the effort of the team.
Powerledger has a great whitepaper. I would consider loading up on Powerledger. The ICO is running now and it is super cheap. Check it out here

+1 for PL. Almost ALWAYS steer clear of shonky ICOs, but this one has lots of really interesting use cases in p2p energy and on the distributed energy revolution. It has a quickly growing community which is starting to put forward new use cases too, which bodes well for further innovation.

For example - using PL to support carbon trading https://steemit.com/carbon/@cyberquoll/carbon-trading-made-easier-with-power-ledger