How to avoid ICO scam

[chainese]

You should never invest into ICOs where you can not see any team member with their real name. You also should check out if the thread is only living from paid posters which can easily be done by reviewing the profiles of the discussing persons in the ANN thread of the specific token sale.

First advice is quite obvious. Second is good one

Agree, thanks. Could you please specify how to distinguish paid posters profiles from the natural ones?

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[raahi]

There are ranges of investment amount received from which you can judge how big the ico might get because obviously, the sustainability of the coin or company depends on the investment it receives, if the company gets less than 1 million in funding versus a company that gets 5 million in funding, common sense dictates itself.

[sultanali]

If you are investing in an ICO and want to find out how good it is , you should invest a little amount in its presale to develop the mental psychology of keeping in check with how much your ROI is in the short term, other than that you have to see the initial and final investments and by what rate that investment increasing.

[Greenrace]

I do not know for sure the blockchain rules about ICO but we may be more careful in choosing ico by reading in detail the whitepaper they spend and we hope not get ico that deliberately scam

[Omnopon)]

When I choose ICO for investment, I try to find as much information about the product as possible, the development team, and also search the social networks for feedback from other investors. It helps a lot.

[aceat64]

I read that there are now developments in the field of software or a program that can recognize a scam based on an analysis of many factors. I hope that this is real.

[dimon01]

I think that most investors have a kind of ICO assessment model and scam recognition. I prefer to study the website in detail, and the whitepaper - in many cases, the scam documentation has significant inaccuracies.

[investgeek]

Do you think that it's an advantage when project has an exciting company and its location?

[laracrofth]

There is only one way - study the project carefully, see who is the team and what other people on forum think of this ICO.

[akashark]

You Can't Avoid ICO Scam! Rather you have to pick the good ICO Project. You may go for some trusted team like Amazix, Bountyhive and tokensuite. The Amazix team iis very much good, This team is very professional too. Their maximum ico is hit and successful,  If ICO fails, then they will return your money back.  Bountyhive is a bounty managing team but  their all projects are really pretty good and successful.  Tokensuite is good also. This is another successful bounty ICO managing team.

So, You have to pick good ICO to avoid ICO Scam, Sir. Good Luck To you.
Have a good day.

[Aivengo111]

I think that there is no definite list of requirements that will help not get on a scam . I try as carefully as possible to choose projects and read the documentation.

[IcoGuide.com]

Take a look at an article on our website. Might be useful https://icoguide.com/en/blog/how-to-identify-scam-icos

[Trollinator]

The best way is to only join project that have investors and team members who are have something to loose if caught up in fraudulent activities.

[watchurstep45]

I mean, is there an exact list of rules that could guarantee that someone who follows them will surely not become a victim of another ICO scam. Of course there are obvious rules like event participation, reputation of team members among ather prifessionals, approve by well-known advisors. But potential scammers also know all these criteria and know what to fake exactly.

Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.

Would be appreciate a link to an old thread, perhaps I just didn't find it.

UPD Best Advices:

• learn about previous ICO projects, select viable ones and participate similar ICOs
• invest in an ICO with a working prototype only

your absolutely right. there are also several factors that you may be choosing good icos and not scam. you may also go to icobench for the ratings of ico you want to invest in.

[Rollkal]

You must know how to analyze the ICO project and join the ICO community to see the opinions of other members in the group. From there you can draw experience for yourself. You must contact the ICO manager directly for information about the ICO project.

[khoatg11]

Hey you
To avoid ico scamp,
1 - Do not invest ICO will 100% avoid scam
2 - You need to consider the following
+ This rank is high or not  in the web specializing in ico rating
+ Good whitepaper with detail roadmap
+ Is the team good? You can check them via Linkin
+ Does the website have a good investment?
+ Softcap and hardcap is low so that investors have to buy tokens after listing rather than during ICO.
+ Does the project product have good blockchain technology?
   Is the product ecosystem of the project wide?
   Is the product of the project applicable in a small or global area?

[chicken Campus]

according to my way of thinking, it is quite difficult to avoid the ICO scam. But you can get used to it or do it with experience or read what experienced users are writing. And also you can research into who has a strong team, a trustworthy concept, super active in social media, then you can understand what ICO promises and which are not.

[Chanock]

Through reading whitepaper you will notice the intention of ICO weather it legitimate and all the plan are achievable and based on their target tract and roadmap. Also knowing the team structures is one to know the legitimacy of one ICO. Nowadays their are a lot of ICO scam but through reading and study the platform of ICO you will notice it if is legit or scam.

[Reena28]

Make a thorough research..be critical and look at each coin from different perspectives.. Dont just beleieve others saying coin will rise to the moon or bec u saw a rise 50%.. It takes time for any projects to be materialize as a successfull one.. Ask important questions such as whats the relevance and demands of the product... And how the team develops the product in the long run...it takes lot of time to conclude and trust one project.. Research is the very 1st thing ...

[feny.blackpink]

sadly there are many scam ICO lately. many got scammed already.
you need to know their team, who responsible on their project. and i usually join into their social media to know the update.