4 main reasons why ICO projects are not trusted

[Muo]

what is the obvious reason that tells that ICO is a scam? sometimes it is hard to define the fraudulent one...

[iBlitz22]

It is actually not that easy to know if it is really not trusted or scam. But what  I can say is just do a further research about them and it is not really convincing like lack of information about their team and their project well you can that it is not trusted. But you can check out this new ICO which is called Daneel. This ICO has been backed up by IBM and was shown by trusted websites like yahoo,etc. You will see how trustworthy this ICO be.

[saycryptohello]

Precisely you wrote this probably the simplest ways to avoid scam projects. From simple things - even see the site itself, how it works, how much we visit, try to write in an online chat, how quickly the answer comes, and also look at the ratings of projects.

[jennerpower]

Everything in the list are actually true. I would like to add up.
1. Since they are just starting you should expect that it was not only win-win. You should expect they might fail.
2. You should remember that donations is from the heart. It was not being asked. In that term it was also suspicious.
3. Donation is different from mandatory payment, if you want to donate then you can but it is not mandatory to donate.
4. If they ask for you to pay the fee scan first and search for their legitimacy sometimes it is reasonable because of the high gas fee or transfer fee.
Most of all, be careful and be vigilant.

[Bodywowoya]

Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.

The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.

And that after communication you will be sure that the project is good and you can invest without fear. You are a naive person, the most important thing in ICO is their other competition, their advantages over other similar ones and how much the team is aware of.

[bitkanu]

Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.

The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.

this is my solution, ignore the ico project that does not include their linkedn link, simple.

Linkedin really seem can be faked though. Someone else might link their scammy ICO project to someone else's profile unbeknown by the real owners, this case has been happened in several ocassions.
Just be sure to check everything up, also see whether there's live interview with the developer team, if there's not, you're putting your money in an untrusted team.

[blackhart7]

Some ico sites have published their staff with linkedin profiles .

[Socioman]

I think if the ICO does not have feedback, there is no social (live) page, which not only announces information related to the project, but also responds to letters, it is most likely scammers. You have identified important criteria when choosing ICO. But this is not the whole list. I think soon will develop a system that will verify the ICO and ensure the safety of investors' money.

[myrliska1313]

It's not a fact that those ICO who don't  have these negative points will turn out to be real projects, now they can hide everything and make a site cool and the manager is active, and as a result scam

[LancelotRay]

Honestly, even if those points still stand, the ICO might still be a scam.

It's really hard to tell because at the end of the day, they might simply pull the plug and run away with your money, even if their site and everything looks legit.

[serkhio]

Reviewing ICO projects is becoming a challenge because we have tens of them per week with their crowdsales starting. Some projects are making investors life harder because their websites ar not explaining how real they are and what they are really doing: using hype around cryptocurrency or trying to do the project.

The reasons why ICO teams are not trusted:
1. They have not links to social profiles of their members on facebook or linkedin.
2. There is no dedicated person that answers emails or in social media.
3. Communication is not personalized. You chat or email with a person with no name or a name you can not check is true.
4. You have to wait several days to get the answer from the team.

All of those information could be fake as a cheater is good at win ur trust.
Know more about the project, especially the code in the GitHub.