Ways to identify ICO scams

[Latrix]

Guys, do share your tips on how to identify scams. To widen the knowledge for people who are honestly trying to invest and gain earnings with their hard earn money!

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[RNGfight]

This is the first step in finding the problem through the white paper and the technical route, and then check that the code is open source, and then Google searches for the team's history, which is probably all.

[tdeannova]

Guys, do share your tips on how to identify scams. To widen the knowledge for people who are honestly trying to invest and gain earnings with their hard earn money!

it's very difficult to identify a scam project, but I recommend not to be tempted by big bonuses. always look at the background of the developer and his team, if any linkedin is better and already listed on some rating sites. the last thing, do a discussion on their social media group, announcement thread and your local community.

[YackBallz]

the best way is never touch any ICO!

[markers]

Actually it is not always the case that it requires a lot of efforts to identify scam projects. A poor website, frequent grammar mistakes in marketing materials, project team without track record, etc are all signs of shitty projects. All you need to notice these signs are time and attention.

[Baltior]

I like to have a look at this page. Sometimes can help you a bit.

https://icobench.com/

[loaddebitcard]

To find a good ICO you have to first of all look at project's goals and team. Goals should be real and demanded by society. Team should consist of professionals and people with clear and decent background. Also project's roadmap has to provide the information about the development plans. If these rules are not followed a project is usually a scam.

[omitusaf]

The purpose of the project. Always ask yourself why the project is launched, what benefit will it give to people?
Also look at the strength of the team, whether they're on LinkedIn. I make it a point of duty to check whether the team members are actually involved in the project on their LinkedIn page.
Other things I look at are the white papers, grammar (if there are much typos, I get very skeptical) and the quality of the website.

[KristineNguyen]

There is so many signal like: big bonuses, hidden Dev team and Fake Advisors, poor website;
You always need to join in social media group like Telegram, Facebook Group, Discord.

[sangkler11]

it's very difficult to identify scams, but in the following way will be helpful

1. read and understand about their whitepaper, see about they project and roadmap.
2. View they Team, find out about them in Linkedin
3. Join in the community like telegram, reddit, in here you will know more clearly about the project

Don't be easily attracted by huge profits

[Latrix]

thanks guys! your advise and tips to identify a scam ICO might be helpful to those who just started their journey in the crypto-world. Cheers mates!

[semobo]

The project without proper whitepaper and project teams are the signs of scam ICO so you need to do research about the project before doing any investment.But the best project teams have many advertisement platforms on social media,websites and in forum also so you can identify good ICO with these also.

[LSt56]

Guys, do share your tips on how to identify scams. To widen the knowledge for people who are honestly trying to invest and gain earnings with their hard earn money!

try to check the web page, whitepaper, and also the ICO social media. usually if the ICO is a website fraud and their whitepaper will be a little confusing and also their social media will rarely update information, especially telegram.

[magpie_lover]

Check the team members & their credentials. Find them on websites such as LinkedIN & compare the credentials given there & on the website. Read the white paper & flag events that don't add up.

[itf991]

I agree with most of the previous comments to follow social media, reading whitepaper thoroughly. Research CEO and team's portfolio. If there was something dodgy then it would pop up on Telegram IMO. To give you an example Signatum turned out as a scam. Discord channel went quiet. CEO went missing within an excuse of vacation. Very first signal. Communcation channel to follow projects is a must. Scumbags can trick many investors but not every single one.

[JMD07]

Yeah it's difficult to determine if it's scam or not.
For me, I will do some research base on ico reviews it's available online. Many websites are doing some reviews. You can have ideas from them how the project goes, also they give ratings I think the highest is 5.0.
It's a good help to decide where you want to invest your money in ico.

[jakelyson]

Seriously, it is becoming harder and harder to identify real projects/ICO from scam ICOs. Scammers are getting smarter and they can easily mimic a real project and keep you in until the very last moment they turn into a scam. You can follow the guidelines given by those above but the real trick is to be real active and watch carefully the devs and admins of the project.

[carlowell]

One of the worst things in an ICO is when the company has no assets and cannot even find their own ICO.
I mean, God ICOs can hire good  bounty campaign manager and have more resources on advertising their ICO into social media like Twitter, Facebook, YouTube and much more.
Bad ICOs are managed by low ranked forum members like Newbies and Jr members. That's the first I want to consider before joining signature bounty campaign.

[Crumple Cat]

It is better to learn to identify the coolest projects. And then the task of identifying the scam projects will disappear by itself  
But in general, of course, we need complex systems and tools that will identify scams at the earliest stages.
There are several ways for this, but this is a separate topic.

[SexySexyYeah]

Thank you fo sharing guys