How to recognize scam

[Tahir460pk]

Its a difficult to find scamers for a unprofessional person i only check that what kind of project whats media and advertising team whats the ratings and check that they are offering normal and making the much greed its a sign of scam but experts can judge more than us.

[CrazyJoker]

Scam sometimes difficult to determine, but the obvious signs - it's: the anonymity of the team under any pretext, a horrible or just a curve / uncomfortable site (if it's saved on this), if you collect some huge amount for a non-original project (casino, bet, poker -room). Evaluate the site, read all the documents published, chat with the administrators in the telegraph. Imagine what a general impression you have and you start to work, well, or do not start.

[Fatimah Azzahra]

most of your opinion I think many people who agree and agree also with the crowd because the list of posts that you make reasonable also to be included in the mind.
but it's all still difficult to prove and think that it's all a scam.
I think we'd better explore the founders of the project in the previous project project they've handled or created.
especially in the white paper section as well.
I hope that with the various fraud modes now increasingly difficult to distinguish from the honest, it would be nice if we have to be more careful if you want to invest in ICO and do not be easily seduced by anyone if we want to invest in a project, because the money we will go out as well large enough.

[ApocalypseNow]

Normally, experiences will teach people how to recognize scam quickly. I remember when I warned someone about the scam that he joined, he mocked me and insult and did not care about what I said and I also remember that I was like him when I was still new and joining scam investments. I'm defending the scam company because I don't know if the accusation is really true and that experience taught me to recognize scams easily.

[davisagughalam]

Googling the founder is a good idea but doesn't always work. Some project teams may decide to be anonymous without revealing their real names. That doesn't mean they are a scam. Another thing I'd add is that if their project idea seems too good to be true, then it's probably a scam.

[Janienregado1992]

To recodnize that a scam ! He want to sent you fro the address that he gives to you to pay your fee to  get that token you want and your private key they. Need that to !! Be ware of that act

[MrFeasible]

Hello everyone!

Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.

So I decided to make a list of scam signs: (and this is just my own opinion)

- A founder and a team are not open.

Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.

In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.

- Spending a lot of money on marketing isn't always show professionalism.

Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too  

- You know nothing about a founder. And you cant find any information about him/her.

Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.

- They don't have a readymade product.

Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.

And what do you think about it? What are your signs of a scam?

Not a sure fire way, but for me, when they ask users to send some currency, that's a bad sign. Also not being able to find much on the team/product online. That said, there have been some genuinely convincing scabs the past that really look legit...

[michellee]

Normally, experiences will teach people how to recognize scam quickly. I remember when I warned someone about the scam that he joined, he mocked me and insult and did not care about what I said and I also remember that I was like him when I was still new and joining scam investments. I'm defending the scam company because I don't know if the accusation is really true and that experience taught me to recognize scams easily.

but still, it's too difficult to recognize a scam projects because they are really clever to give some good rewards for the bounty and for the investor. but I agree with you that with the experiences that we have, we have a guide or information about how to recognize a scam projects especially if the team is not a solid team. there are too many projects in out there and one or more can be a scam project so we need to know which the projects that potential to scam people.

[valessiobrito]

Here are some common features to look out for:
Guarantees of high profit/interest rates
Referral/affiliate schemes
Ambiguous details on how it actually works
Minimal to no information on founding team or company
Difficulty in withdrawal of funds

[gempil]

The scam is a program that is designed very neatly and made very similar to the original ICO. It is done so that fraudsters are easier in attracting the interest of the contributors to allocate his money into his. So it will be very difficult for investors and participants to avoid it. Perhaps the focus in ICO elections today, not just a scam or not. But also the performance of his team. The team that has brought ICO to its target achievement will be a fugitive for participants and investors.

[nguynnguynminh51]

usually a project that threatened the scam dev or moderator in the project can not be asked for more details and this I think often happens,
so beware of choosing a project!

[briana samomingkir]

The scam project is not always detectable in the first place. The team will close tightly and move very beautiful like a real project. However, their encounter in covering up his scam project will surely come to light as well. It can be seen from his team whose performance is slow in providing the latest information, does not provide responses and updates on spreadsheets and threads. Once the product has been successfully sold by its buyers, gradually, one by one they will leave the project and disappear from search.

[DogmaF10]

Yeahh , you are right i think.. Plus, they will set unlogical hardcap or total supply of coin compares to their ICO price. And the roadmap just unclear to be understood, the teams are anonymous and can't be track down. Dev and admin usually not open to public, and finally maybe we can find out about their projects rating on some ICO reviewing site

[teplakm]

Sometimes everything works well according to the procedures we have done, but the way they do the information is sometimes well done and it seems that everything is very convincing, but at the end of the ICO it is all changed, because of many causes, but the best to know if a thing is a trick is depends on us understanding what to do when they filed, the most basic weapon for the trick is deep learning.

[GmBoom]

When I see an ico that is interesting, regarding on its good website details, their big bonuses, still it didn't convince me to do an investment if I didn't see their working product. It is very important that you can see their working product in order for your investment to be secured and has a good future. Do your deepest research before making big investments.

[southcat]

It's hard to tell whether it's a scam. If it wants to lie to you, can it make you see it? Can that be a scam? I have done a lot of tasks, some have not yet finished the title, and some did not offer rewards, these are generally short-term projects, so I usually do not choose this kind of.

[kelsiivo]

My system to know whether a specific thing is a trick is I generally request a testament , an authorized or a proof of authenticity since they will misdirect you to draw in and loan a cash with the most pleasant words and bother you for their organization. However, the best thing to know whether a thing is a trick is you comprehend what to have when they are putting forth, the most grounded weapon for trick is a profound learning.

[mattroibecon24]

Pay more attention to the conditions. As a beginner, it was difficult for me to recognize what was not yet what the results were. Closed projects often that were chosen at random

[bunchakhongmz999]

Well it is better to invest in a company/project that already has a function or working product. Most of the ICO got only a nice whitepaper and idea. Search also about the persons in the team and discuss it in the Bitcointalk forum.

[Restmand]

Well it is better to invest in a company/project that already has a function or working product. Most of the ICO got only a nice whitepaper and idea. Search also about the persons in the team and discuss it in the Bitcointalk forum.

well , it is not easy to manage the scam because most of all scammers are professional in doing salestalk. they do all the good words just to scam people. and one of the way to avoid the scam is to not trust at all about your buyer/seller. do some research because not small amount are in . but big amount of money are involved in this. so make survey and research. this is the best way to do.