what if ico lie

[illiki23]

They are going to get more sophisticated and the lies will be harder to spot.  It will be impossible to 100% protect yourself but there are ways you can safeguard yourself.

Make sure they have a github and review their code, etc.   If it is like a couple code snippets then run away but if the project is already well into development there is a lot better chance it will not end up vaporware.  Whether the project will succeed beyond that is a whole different issue.  

One of the things they are doing now is forking code bases and changing variable names, or writing a bunch of code that sounds nice but won't actually work.  A programmer should be able to identify these.

I would love to see an impartial group (no shills) start doing independent code reviews and ranking ICOs based on proof of development.

[Ares0211]

investing in ico projects is a risky think but sometimes worth it. Its similar to normal start ups, most of them fail. With regard to the fact, that icos arent regulated you have the scammers in addition so its more risky than "normal" start ups.
But on the other hand, here you have the opportunity to invest in the next amazon. Choose carefully, invest a small amount and hold it for years. There will be at least one golden egg (;

[bitgolden]

Fortunately, I am yet to be stung by ICO's not paying out after investment, but I can understand the frustration, as I have been scammed in other ways (producing designs and not being paid).

Unfortunately, there is not really much that can be done, or at least that is my understanding, you just have to be as careful as possible and do as much due diligence as possible before investing in any ICO.

I know this might not help much, but we have all been burnt before and hopefully, it doesn't happen again.

Honestly, anyone who is smart enough to not just invest in any ICO but do proper research hardly get burnt by ICOs. One do not need soothsayers to tell someone that scammers and plenty of them are out there on the loose. You just have to take precautionary measures and not just look at the graphic designs, the English in the white paper and so on. The team is very important and how feasible the project is.

[alpsea]

Yes it's very difficult to find reliable Ico
But sometimes even those that are reliable
Payments are difficult, i don't know the solution.