Kimbohh
Newbie
Offline
Activity: 102
Merit: 0
|
|
July 22, 2018, 02:24:17 PM |
|
It is hard to know what is the good ICO you have joining for. Most of ICO for today is a scam to avoid it, you must do a deep research about that ICO whether it is good or bad. You must know also who is the manager of that ICO and have a research also.
|
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
petrcoin
|
|
July 22, 2018, 02:27:05 PM |
|
Scams are mostly can be avoid by checking the team.
They are mostly putting fake profiles there. So contact them on linkedin and check if they really made something for ico.
|
|
|
|
budiarmed
Copper Member
Jr. Member
Offline
Activity: 381
Merit: 1
|
|
July 22, 2018, 02:27:56 PM |
|
It is very difficult to avoid Ico scams. You can consider before investing in the Ico, you should see the developer team, website and also the Ico project objectives.
|
|
|
|
batareya
Newbie
Offline
Activity: 68
Merit: 0
|
|
July 22, 2018, 02:28:50 PM |
|
Even a good study of the project may not help you . Look for good managers ,communicate with them .
|
|
|
|
KingOfWinterfell01
|
|
July 22, 2018, 02:30:54 PM |
|
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
Read the whitepaper and read about the developers. Developers with good to great backgrounds often make legitimate ICOs and even make their token top tier in terms of demand. That's how legitimate they can go. Reading the whitepaper seals the deal by mentioning their actual capacity to make things or their claims work.
|
|
|
|
cryptowonders@20
Newbie
Offline
Activity: 142
Merit: 0
|
|
July 22, 2018, 02:40:27 PM |
|
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
there is nothing you can do to avoid scam project or ico's.. we have to be careful because non knows the wrong and right project over here. but we only reduce it because every day by day that is how new projects are being launched. since bitcoin was introduced we have not less than 4,000 altcoin that have been launched in all 1000 altcoin have been scam.
|
|
|
|
Luu An
Newbie
Offline
Activity: 112
Merit: 0
|
|
July 22, 2018, 02:43:35 PM |
|
A team to carry out ICO has its own project white paper, official website, management team introduction and so on. First of all, we must read these things in a comprehensive way, roughly judge the background of the team's strengths, and make a preliminary selection. Specifically include the project's market size, demand pain points, product planning, business processes, token-based ICO programs, funding purposes, team background, and more. If you interest ICO, you can consider this project eloncity.io
|
|
|
|
xAnima
Newbie
Offline
Activity: 69
Merit: 0
|
|
July 22, 2018, 02:49:16 PM |
|
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
You are actually right because if people does not do enough research, they might be involved in some fraud and lose their precious time investing on something that is not real. People must have the interest to know if something is real and true. This would take time because scammers are also taking their time to scheme something that is not true and let people invest on something that will only benefit them.
|
|
|
|
Robert12312
Newbie
Offline
Activity: 112
Merit: 0
|
|
July 22, 2018, 02:51:18 PM |
|
From experience, there isn't a sure way to avoid an ICO. The team can be good, a good whitepaper with a great proof of concept, yet the project can still fail or the team run away with the cashed raised. The best way to avoid ICO scam , is to not invest the amount you can't afford to lose. If you will invest in an ICO, ensure the company has existed offline for some number of years, and has a proven record of making a consistent profit before given them your hard earned cash.
|
|
|
|
Dacosta Osei-Tutu
Member
Offline
Activity: 560
Merit: 10
|
|
July 22, 2018, 02:54:24 PM |
|
I thınk you can't avoid scam ICO's if it is in your faith because they can look legit and after six months past of their ico they can say we are done we can't deliver this product because of this because of that bla bla.. You can protect this situation with blockchain or nothing else. If you are not a risky person you need to go on with BTC LTC and Eth or really good proven altcoins. I agree with you. There is not guarantee that any ICO will be successful so investing in them is done at our own risk. All the same, you can make big time profit from them
|
|
|
|
Crypto.Expert
Newbie
Offline
Activity: 196
Merit: 0
|
|
July 22, 2018, 03:07:03 PM |
|
Well there are many ways to found out that the ICO is scam, well you need to read the white paper if they have and also look for there management.
|
|
|
|
Rastafarian
Jr. Member
Offline
Activity: 238
Merit: 1
|
|
July 22, 2018, 03:19:29 PM |
|
If you want to invest into an ICO, consider the previous successful projects and the kind of project it is. Consider the roadmap of that project and team members for that project.
|
|
|
|
dylanmeter
Newbie
Offline
Activity: 134
Merit: 0
|
|
July 22, 2018, 03:25:21 PM |
|
There are several signs that investors should look out for to determine whether an ICO might be a scam. Check the signs now! 1. Weak Website or White Paper 2. No Clear Roadmap 3. Skewed Mining Structure Investors and affiliate marketers need to weigh up the risk associated with ICOs
|
|
|
|
Zykexia
Newbie
Offline
Activity: 210
Merit: 0
|
|
July 22, 2018, 03:27:02 PM |
|
For you to not be a victim of a scam ICO, you should be more on gathering information regarding with there projects is. and be more considerable to the team and gather each information.
|
|
|
|
Bill205
Newbie
Offline
Activity: 87
Merit: 0
|
|
July 22, 2018, 03:28:45 PM |
|
Research before investing in any ICO, it the widest thing you can do for your investment. 2018 has been tough because of some fraudulent ICO's and people loosing there money. So I would suggest you to research properly before investing in any ICO.
|
|
|
|
boller
|
|
July 22, 2018, 03:29:47 PM |
|
I think there is no exact list that states how to avoid the scams. We only can analyze more to minimize being scammed. the ways by analyzing the ICO projects regarding their concept, team, presentation in WP and Web, token realization, and more. But, we must be also active in their community such as in the telegram to know their interaction and progress.
|
|
|
|
grinifols
Newbie
Offline
Activity: 119
Merit: 0
|
|
July 22, 2018, 03:30:41 PM |
|
Careful study of history, communication with managers. But it may not always be able to help you.
|
|
|
|
Winedmeel
Jr. Member
Offline
Activity: 110
Merit: 2
|
|
July 22, 2018, 03:33:20 PM |
|
My advice is learn about previous ICO projects, select valuable ones and participate to a similar ICO. And invest in an ICO with a working prototype only.
|
|
|
|
kwusu
Newbie
Offline
Activity: 73
Merit: 0
|
|
July 22, 2018, 03:33:44 PM |
|
It is very important to do away with the numerous scams on the market. We have to be vigilant in the kind of project or ICOs we invest. We should not hype and invest in any project without any legit source of partners.
|
|
|
|
idioma1
Newbie
Offline
Activity: 266
Merit: 0
|
|
July 22, 2018, 03:38:35 PM |
|
Before participating in any ICO I often deeply research the project. My advice is to pay attention to whether the projects have a ready-made product as it is some kind of guarantee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes straight to their goal and will not give up.
|
|
|
|
|