How to avoid ICO scam

[spopovss]

Sometimes it’s very hard to understand what a scam project is.
At first, I carefully studied the smart contracts of projects, but practice has shown that even a scam often has a very good smart contract.

[No One]

Thank you for offering some advice on how to choose good ICO and avoid scams. Conducting a research on new ICOs, viewing people view of it, rating, the team etc are some of the ways to determine a good ICO. Even then, investors and bounty hunters are being deceived by new ICOs. In my view, strict regulations should be in place to discourage and take action against fake ICOs.

[igor.vanyutin.83]

There are a lot of ways to protect yourself from scam projects. First of all, read the whitepaper, than try to investigate deeper. Look at the community stats, check the product development level and look at the team. These factors will help you for sure.

[BobBct]

I think you can avoid ICO scams because most of the ICO that are not legit is usually has a crappy site and just an overall not trust looking project and for me that's how i determine that it is a scam.

[hsyncl]

I guess it's easier to find useless projects. Because the advisors and the project behind the show itself. If the team behind it is trying to do something and working with self-sacrifice, the project will surely work.

[straimrpl777]

The most difficult thing is not to get hooked like a fish. To avoid this, avoid Russian crypto projects. Projects for issuing maps, real estate on the blockchain, and to some extent social networks.

[Ravenangel]

The only drawback at least with the first advice is that many times the projects have no precedents, as the technology is very new, it is clear that there are many newcomers and pioneers in the industry, so we can see a disaster ICO almost monthly, but well, so you learn, with stumbling, and it is up to investors to do more exhaustive research and support the right people.

[victory.lil]

Most of the guides on this forum can really help you in analyzing projects, but still make a decision about how to work with projects in the right way, of course, to choose you. The most important thing is to understand that you always risk.

[Mokter]

Its very important question now a days, Btw thank you for this question.But avoid ico scam you should first research with their project and team. And who are working behind their project.Also look their socmed and telegram how they are active and supporting their clients. before investing in an ico, it is most important look at carefully.

[btcfan87]

Hi guys! How do you differ scam projects? Recently, for every second project, someone writes a "scam". At the same time, a bunch of popular projects like Savedroid collect millions and disappear.

[MrPeriklis]

1. Look at the team's LinkedIn with a critical eye
2. Look at the hardcap
3. Working demo / product?
4. YouTube reviewers / websites
5. Whitepaper
6. Telegram atmosphere - bunch of kids running around or actually mature conversations?
7. Hit them up on Telegram, see how they talk to you
8. Investors, advisors, partners?


Normally the average person once he does all the above, should be rather easy to understand if crappy project or not;

[Siymsh]

The question is what research is that? Research about team, idea of the project and also working product. I think its been answered many time but its still difficult to do.

[ohkkstaaahp]

The first thing is that you have to have analytical knowledge so that you can gain a huge amount of knowledge in order to gain the ability to analyze a good ICO project so that you can earn income from this market.

[Jayenz]

No business is risk free but you can avoid scam by reading whitepaper and ask your friends who are into crypto and who have been long in it about bounty signature and airdrop you want to do

[Xising]

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.

It's not that you can't avoid it; however, you should first know that not every failing project is already a scam and can be labeled as such. I mean, you should try to look at it from the developers' standpoint, as much as they want to settle their dues and accounts, and pay the people who have invested in their project, what can they use if they also have nothing earned from the project, right? I mean, if you really want to avoid scam ICOs, the real ones perhaps, you should be meticulous in studying them, their background, the people behind it, and most importantly, their objects that would give you the general idea how the project will continue in the future. At least, if you have studied it well before committing to it, even if it would turn out to be a bad one, you won't have that much regrets since you did your part.

[KK.cimut]

according to my understanding, how to avoid an ICO scam is to pay attention to the Product Team or Project and the development team, because the product and the development team must be clear.

[Baimovic]

according to my understanding, how to avoid an ICO scam is to pay attention to the Product Team or Project and the development team, because the product and the development team must be clear.

Besides paying attention to the team and products, you also have to consider people's opinions about ICO, if there are many who like it, the possibility of ICO is good because many people have monitored and finally chosen ICO for investment. . we cannot hold on to our personal opinions, we must also consider the opinions of others.

[Script79]

Hi guys! How do you differ scam projects? Recently, for every second project, someone writes a "scam". At the same time, a bunch of popular projects like Savedroid collect millions and disappear.

You can make a checklist for yourself and check the project on it.
E. g.;
Team (their linkedin, facebook profiles)
Economic model
Hardcap
Website
Github code
MVP
and so on

Or just check experts' reviews

[daly896]

You have to be selective, mate. Scam ICOs need to be avoided, so I believe that with a specific experience you will be able to choose right ICOs and don't lose money on scam.

[btcfan87]

according to my understanding, how to avoid an ICO scam is to pay attention to the Product Team or Project and the development team, because the product and the development team must be clear.

Besides paying attention to the team and products, you also have to consider people's opinions about ICO, if there are many who like it, the possibility of ICO is good because many people have monitored and finally chosen ICO for investment. . we cannot hold on to our personal opinions, we must also consider the opinions of others.

People where? On bitcointalk? Or some experts?