How to detect a scam ICO?

[MANNYKURSH]

How to detect a scam ICO?

[bathrobehero]

Just check if it has ICO in the name or anywhere else.

[subG]

You should always look up all of the members on the team and see if they really exist and have the experience they claim they have.  I always avoid ICO's with an anonymous team since it's just too risky even though it's not necessarily means it's a scam. 

[keyrun]

My way, search for the team in google. Check their linked in/twitter profile to know whether they are really linked to the project or are just stolen photos.

[geac.xraekhurcoe]

There is no such a thing, nobody can tell the future, what you can do is some research and asses the risk / return of the project. Is bitcoin scam because you know nothing about Satoshi Nakamoto ?

[MANNYKURSH]

Just check if it has ICO in the name or anywhere else.

Hehehe but some really gained a lot of value!

[bathrobehero]

Just check if it has ICO in the name or anywhere else.

Hehehe but some really gained a lot of value!

Yes, but it's just pure gambling and greed.

[MANNYKURSH]

Just check if it has ICO in the name or anywhere else.

Hehehe but some really gained a lot of value!

Yes, but it's just pure gambling and greed.

If you buy put like lets say 1000 dollar in 100 different coins! You only look for the one under 10 cent! maybe some will reach 1 dollar or even 10 dollar value. Its not pure gambling its taking your changes!

[KKbit]

Very very hard nowadays to spot bad ICOs, because some are straight up scams that run with your money while others are disguised scams were all those "incredible teams" sit behind those projects giving that weekly or monthly update with nothing to show while they are drinking beer in their office. Months and months pass and they show 0, initial investors drop but new ones come to fuel this cicle.

[moamin77]

How to detect a scam ICO?

From the combination of the team members' profiles/Bios as well as its White Paper (you will easily feel if it's genuine or it's just produced via 'copy-paste' from other WPs)

[bathrobehero]

Just check if it has ICO in the name or anywhere else.

Hehehe but some really gained a lot of value!

Yes, but it's just pure gambling and greed.

If you buy put like lets say 1000 dollar in 100 different coins! You only look for the one under 10 cent! maybe some will reach 1 dollar or even 10 dollar value. Its not pure gambling its taking your changes!

So... it's gambling.

[sloworm]

without initial business development, I think ICOs are just speculation and that is why these coins are so risky

[niknik1966]

I think there is always a risk. I honestly do not understand how to establish the authenticity of the team? Social networks? And in social networks, do you always point out your true data?

[bosses]

There are a lot of nuances in this case. But the most important thing is to check the project team

[nightwishx]

How to detect a scam ICO?

teams and projects are vital in choosing ICO. so sometimes ICO is very visible scam if the team that manages the ICO is not well known and less known people. the subject matter also becomes important, by looking at their project and the allocation of funds, we can predict whether the project will be a scam or not.

[Str1x]

You should always look up all of the members on the team and see if they really exist and have the experience they claim they have.  I always avoid ICO's with an anonymous team since it's just too risky even though it's not necessarily means it's a scam. 

+
Sometimes you'll see names with linkedin profiles, just check how long the linkedin profiles are active, how many connections that person has and cross checking with google helps a lot

[groundcontrol67]

There are many ways but the easiest one and you'll hear it always, 'if it's too good to be true, it probably is'

[Blazin8888]

First of all you ought to ask yourself: "Is it really necessary to use blockchain technology in this project?". If not, this ICO is not actual and bad for investment. It will be better to learn all information about the team, to read WP carefully, to visit official website and to talk with the application programmers if it's possible.

[Swinging Phallus]

If there is a github, I'd check for how often code is developed. If there is no information of the team or pictures with solid profiles - it's a no go. Doesnt matter if the market cap is 1m+ I don't trust any crypto that isnt transparent those are the 2 dead give aways.

[khaled0111]

You can do some researche. Start with the official website and see if it is done by professional. Then, read the white paper. The most important factor in the success of a project is the team, that is why you should visit their profiles and know more about them and see if they are reliable or no.
Many factors interfere in the success of a project so be careful.