Ways to identify ICO scams

[ico_reviews]

#1 best way to spot ICO scams is to look at their ratings & reviews on websites like
https://cryptorated.com

Good luck!

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[dangful]

The first thing I do when spotting a good ICOs is when their announcements and bounty campaigns are being managed by higher rank members of this forum because good ICOs are paying good money for their ICO to an experienced bounty campaign managers and good ICOs have good funding.

[dangful]

To check legit ico check all there information. The website if it is very constructive,the community,people behind that project you can check there linkedin and also there social media community if it is active.

You can't always rely on their websites because anything can be copied from anywhere that's why we to check their integrity because good ICOs have good reputation, they could hire good and skilled developers, they could hire experienced bounty campaign managers, they have a very strong community in social media and or telegram.
Good ICOs can be found on Facebook advertising and in other popular social media.

[hheight]

Just some of the tips to detect scam:
- Anonymous or unknown developers;
- Whitepapers with unrealistic goals and "Oxford English professor" language;
- Unclear token usage

[sebinator]

There are no rules that will tell you which ICO is a scam and which not. But there are some indicators for scam ICOS:
* Fake photos of team members (Tool: Google Reverse Image Search)
* Copied texts (Tool: Plagiarism Checker)

[dirgayeah]

Until now a days still difficult to identify a scam ICO. 
But first time I always look track record of the team. 
Analyze their portofolio . Are thats accessable But you can see watch on ico rating if thats ico are tol risky or not.  Then you can made your own decision. 

[Azzhan]

https://icorating.com/     This is a good website where you can see the ROI and risk level of the upcoming ICO, so you can judge if the ICO is a fraud.

[cryptojac17]

It is quite hard to identify scam project nowadays. Scammers become more and more experienced. They prepare all project really good. But, to try avoid make like all previous commenters said. Read carefully whitepaper and roadmap of project. Check licences where possible. Check team, try to find them in Linkeldin/Facebook, check history of CEO and other top managers, take a look when public profile was created. If you doubt, better not invest - trust yourself. Good luck with ICO´s 

Yeah its hard to identify which ICO is true or scam yes there are ways to check the back ground of the the core development team,you should also check the functional product they are developing and lastly you should also read their white paper determine their road map if it is really feasible. the best thing also you also find them in social media to determine if this people really exist or their expertise are reallable.

[altercreed]

Knowing the ICO that you wanted to invest in or participate to any bounty being offered is crucial before you handed your money, time, and effort to a scam ICO. Knowing first the TEAM behind this ICO is likely to be my first step, checking every member's profile on LinkeIn. A solid team means a greater chance for a legit and successful ICO. Next to that is their White Paper because some scam ICOs can be spotted through their shady/fishy WhitePaper. Other ICO is even more evident that it is a scam because of their copy-paste-from-somewhere content of their White Paper. Their Website will follow and the roadmap too if the project seems to be realistic at all.

[Trinlias]

Always check the whitepaper and roadmap before investing in any ico.

[zhangcaisbsbn55]

First, you should try to fing out if there is anythng wrong in the white paper. Then, you need to do some research on the history of the team members to see if they are trustful.

[Thenuka99]

It's not easy really , some of many projects that people thought "will be next big thing" turned in to scams. There are some ways like many guys here suggested.
 
Some of tips highlighted -

1 - Read the whitepaper, their vision and the way it's written explains a lot.
2 - Team members, If they posted images and names of the members always check those. to be scam ICO's put random fake profiles from the internet, that would be a great sign to understand whether it's going to be a scam.
3 - Activity on the telegram , and social media groups. always stay alert with them, specially telegram. contact admins with Direct messages and ask questions.

but above all that, with all correct info, a grand vision , even with everything some ICO's go scam. That's inevitable.

If you're not sure about finding one, check for the trusted lists from "big names" in crypto field, they most of the time have a recommended list. In this GAME, it's as much as hard work, also a game of LUCK , sometimes you can have unbelievably awesome results following LUCKY people and engage in their recommended lists. Try that sometime, most of the times it works.

[Emworks]

Its obvious but really hard to spot, you just need to do some homework before making a decision.. cause most of the ico out there are not related to blockchain or no product at all and their coin has no usage their are just bunch of scammer who are just riding on the bandwagon of blockchain technology..make a dyor first cause it will make you save a lot of time and money.

[anasso]

you need to check team, project, and roadmap. also look at how devs answer to technical questions and critics.

sometimes when it's a sophisticated scam, it's too late when you catch that.

[TheOldWolf]

Few commitments on github, big accent on community etc.

[CuteBaby123]

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!

We must search about the project's developers or the team's bcakground. It is important to take note of their accomplishments and their achievements in the area of tneir project. Also, we must read the whitepaper if it is realistic and giving the demands of the society.

[DirtyJohnny]

No devs photos, big promises and huge bonuses like 70% and more.

[samuelpm]

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!

Investigate the team that is working on the project and validate your identity

[myigitcoin]

you cant identify if you only look website and whitepaper. They are so easy to create. I think best way to find good ICO, is   searching its team and advisor. for example  sether has great team and it has John McAffee for advisor.

[babsjoe]

Any ICO asking and insisting for your personal information and identity does not deserve your fund! ICO is risky and asking for personal information in addition to risk you are already taking is absurd.