Hi there, guys. I am in need of pointers and tips on how to tell if an ICO is a scam or a legit one. What are the telling signs?
You have to do some research : Website, Twitther, Reddit, Facebook, BTCT.
Then you have to do some further research : Go on Linked In and try to find the profile of the different Team members of the ICO. Try to see if they are legetimate profile or fraud (try to contact them).
Then you have to try to see if they only have an idea or a product, if they have a roadmap, a team to developp the product.
On social media try to find other people talking about it, try to find if the team participated on some events.
There is also some website that rate ico but beware some are scams too.
You could find some info on google on how to process :
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/But this works could take some time ;p