How to avoid ICO scam

[vatanen]

Finding out the a specific ICO is fake, bogus and scam is really hard to determine most specially when they are so attractive to many investors. Nowadays we cannot hold the facts that there are lots of fake and scam ICO so a simple reminders for you to avoid being scam is to be mindful in every action that you will do online and be wiser in choosing which you will join.

[secdark]

Nowadays we can't easily trust an ICO, to avoid scam ICO you have to go through or study every detail of the project, if possible the project has its existing known infrastructure, realiable personality or team developer behind the project, the product or services it offers is realistic and really addresses the solutions they are targeting to its direct users and also have a great impact and contribution to the crypto community and ecommerce industry.  

[tusherk800]

The most and easiest way to avoid ICO SCAM is making good relation with the ICO official team and get their real image as well as their update. At least we will get a legit ICO but not sure whether it will succeed or not.

[Sywekoli]

In the event that you read the white papers and know the colleagues points of interest, you will have smart thought if the ICO is a trick or not. The measure of venture the ICO reported, can even ensure it. Continuously, center around the ICOs being in the present market for quite a while with great notoriety and development in the event that you need to put resources into an ICO. You will be more positive about putting resources into a confided in ICO in the event that you center around.

[mhayandal]

Literally,there are a lot of ico's coming out everyday to avoid for joining or investing ico scam you can detect it on there promotion,if there is no product to indorse or no good plan in there white paper maybe you consider it as a scam ico,make sure your always aware of that kind of situation in this field of cryptocurrency.

[agiskasep]

There is so much ICO scam but what do you think about selfdrop ICO guys? Is this worth to invest?

[vertolesrix]

You can do it by deeply analyze the concept of the project and its provided, open sourced documents like Whitepaper, Light paper, Privacy Policy, Terms and Conditions, etc. This is very important and it will make you feel more confident about your decision of investing 

[ZellaAnders]

There are always universal rules of logic. First of all, you can`t just throw your money in unknown project, you need to do a research on the staff, history these people and the idea itself. Then look for other similar variants and compare them, you can easily identify scams in that way.

[Yury1]

Now some scammers learned to imitate ICO professionally and such projects are very difficult to identify. Therefore, it is necessary to analyze many factors and ask as many questions to the organizers of the ICO as possible to reduce the risk to a minimum and to avoid scam.

[Cryptokeke]

I think you will never avoid to be scammed in ICO, i mean you wont know it that ICO is a scam or not so its much better to invest in altcoins that already proven itself than in ICO that has high risk of being scammed and loss your money into thin air.

[Igorpap2]

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

As for me the most attention should be paid to the project team. First of all, it's worth to evaluate their profiles in the social network LINKEDIN.
 It is also very important to evaluate the projects in which the creators of this project participated earlier, it is desirable that the project was successful ...

[Binmado]

You should improve your analytical skills. This will limit your risk and will help you pick the wrong project or the fraudulent ICO project.

[J Gambler]

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

As for me the most attention should be paid to the project team. First of all, it's worth to evaluate their profiles in the social network LINKEDIN.
 It is also very important to evaluate the projects in which the creators of this project participated earlier, it is desirable that the project was successful ...

Hmm, to be perfectly honest with you. You can never avoid scams mostly this time, you can prevent it by studying and reading a lot about ICOs and how it really works. Don't be so negative and if you will get scammed then take it as your lesson. Don't give up so easily. Okay?

[energodar2019]

For half a year I have never participated in fraudulent projects! You need to choose projects very carefully, look at the team, their past experience, the idea and what bonuses are offered.

[Hulh]

Making sure they dont give you promises of profit (things like regal coin and bitconnect are good to flip but they aren't real businesses)

Companies with real sponsors of big companies that have done their due diligence

Companies with a working product

Companies with a good team / advisors

To avoid ICO scam is always be vigilant and follow your instinct. It is not 100% guarantee that you will avoid scam but atleast you make your own effort to  prevent it to happen. And the important to do is to make a research about the ICO and developer/manager handle the project. And dont easily trust if someone promise you a big amount of profit right away.

[danivan7]

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

I think, u must get all info about their ico,
website review, development team, white paper, community.
and also if u can find where project will launch,
support from famous ppl will be great value

[weblouartisan]

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

The reason why every traders and investors should read the platform before investing a huge amount is to determine if the price in the market is really profitable or not.

[shi0714]

9 Signs of Identifying a Scam ICO
1. Anonymous Team DEV - fake profile
2. No use for coin
3. sketchy whitepaper
4. Do not provide contact
Commitment to profit when investing
6. Use sentences that are passive, engaging
7. Use multiple buzzwords
8. No roadmap (development trip) or yes that is not realistic
9. No demo products

[annstasia009]

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

And my point is that at the present time you do not need to invest in ISO, you need to invest in projects that already exist, just choose the one that you consider to be promising and everything

[HalseyBert]

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 will never be 100% sure if an ico is a scam or not. Of course there are indicators, some ICOs are just so obvious that it's funny but others look extremely promising. I don't really mess with rating site and do my own research, I would suggest Liven and RedCab as promising ones.