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Author Topic: Easiest way to stop ICO scam is  (Read 1014 times)
bowonakulo
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April 24, 2018, 04:06:12 AM
 #201

to stop scam ico and other fraudulent mode, I think it takes the involvement of all the marriages, ranging from regulation, independent rating and not demanding fees, clear regulation of related institutions, and strict sanctions for offenders

RAMZA
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May 10, 2018, 01:04:26 PM
 #202

In fact, most projects send tokens automatically on a smart contract, when you send your ETH to them. But this does not help to remove scam projects, these tokens can cost nothing.
Congyang
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May 10, 2018, 01:10:35 PM
 #203

to stop scam ico and other fraudulent mode, I think it takes the involvement of all the marriages, ranging from regulation, independent rating and not demanding fees, clear regulation of related institutions, and strict sanctions for offenders
it should be applied to every ico if there is a release ico, this happens to anticipate a scam loss. including a clear rule and a rule of law. so I think it should be applied and clearly notified to the public.
pat4cryptoreal
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May 10, 2018, 01:22:38 PM
 #204

The easiest way to stop ICO will be  directly from our campaign managers, It is the campaign managers that always relate with developers of the project directly. I have seen a manager come out and declare that the ICO campaign he is managing is scam. I think if all our managers do their homework very well the rate of scam ICO will reduce.
wabashky
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May 10, 2018, 01:25:10 PM
 #205

As always u can't stop scam ICO because there r too much ICO project, how do u know which one I real or not, even if KYC required also become scam project, so we only can try our best to lower investment risk and do a lot of research about the project before doing investment
Joelalfredoz
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May 10, 2018, 01:25:58 PM
 #206

Knowledge is the best weapon to avoid a scam. My experience dictates that you look for projects that reward speculation, and that focus on making a "New Bitcoin". Ser Coin or token has no relevance. Search for projects with a reason, for example, https://vitatoken.io
Raziel444
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May 10, 2018, 01:29:54 PM
 #207

You can't stop scam because first of all it is hard to know which one is real and the scam one, there are so many ICO projects. Before joining an ICO you have to learn how to identify the real one. You must have a strategy to know if the is scam or not.
YNAGS Team
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May 10, 2018, 01:30:03 PM
 #208

This seems to be a good idea, but it is for us, I doubt that all the ICO projects would like to cancel KYC furthermore it is regulated by law.
melvingay34
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May 10, 2018, 01:30:39 PM
 #209

Doesn't really help, if the team runs away then the tokens are worthless anyway lol.
felicity06
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May 10, 2018, 01:31:00 PM
 #210

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

We cant control it but we can be aware of it...  For me the best way to lessen this reported scam is to keep everyone aware of it... And how?  If you find out that certain ICO is scam...  You should share it here it will be very helpful ...  If everyone will do it  surely we will lessen it...  But as the one who uses crypto we should be the one who have our own research about ICO...  If we are the one who will do probably we will never become a victim of it...

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May 10, 2018, 08:29:56 PM
 #211

The easiest and most efficient way to stop an ICO scam is to not invest in it period. The more money that people make from running ICO scams then the more ICO scams would be pushed into the market. If they do not earn any money from it and end up making losses from the costs of setting up and running an ICO then they would stop trying to scam people.
popotao99
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May 12, 2018, 06:47:12 AM
 #212

Maybe we are all aware about scam and yet, it's our instinct to determine if a certain ICO is legit or not then decide to invest.
Benarand
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May 12, 2018, 06:54:31 AM
 #213

Yes, no matter how you do not fight it. If you are deceived, they will do it. You will be beautifully painted about the project and you invest in it, and you will not even suspect that they are scammers. Only your instinct will help you, which will stop you.
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May 12, 2018, 06:59:08 AM
 #214

I don't think that ICO scams can be stopped. For, the people behind the scams are not predictable when they will operate the scams. We can also guarantee or predict which one is a scam or not. Hence, the best way is only to learn more about how to avoid the ICO scams or avoid the ICO that is indicated as a scam. 
Harlen.t
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May 12, 2018, 07:01:02 AM
 #215

Sometimes it is really hard to determine whether the ICO is a scam or not. Everything can be faked in the internet. If you think the ICO is a scam, then might want to report to any admins or request a validation. You can consult to experts as well just to be safe since accusing is bad.
merrillolive
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May 12, 2018, 08:58:24 AM
 #216

Yes, no matter how you do not fight it. If you are deceived, they will do it. You will be beautifully painted about the project and you invest in it, and you will not even suspect that they are scammers. Only your instinct will help you, which will stop you.
Yes. We can not prevent fraudulent ICOs, let's learn the analytical experience to dodge them, get rid of those fraudulent ICOs, and enter this forum to let people avoid us.
ruskytailz02
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May 19, 2018, 04:30:11 AM
 #217

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

you know we cannot blame people behind of something but you have to,
in fact knowing your customer is a good part as now because there are many many ICO's scam or scammers hahaha and the only way to stop that is like kyc. it is also added security here I guess ,
but take a note that if the ICO head will left we cannot do anything
123uxcz888
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May 19, 2018, 07:16:10 AM
 #218

I think we can help stop scam ico by spreading the word and letting everyone knows that this certain ico is a scam. Spreading the word helps potential investors to rethink or not investing at all to these certain ico's. Always be cautious when planning to invest on any ico, always do background checks. Smiley
bitkanu
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May 19, 2018, 07:20:50 AM
 #219

I think we can help stop scam ico by spreading the word and letting everyone knows that this certain ico is a scam. Spreading the word helps potential investors to rethink or not investing at all to these certain ico's. Always be cautious when planning to invest on any ico, always do background checks. Smiley
The main problem, we don't know which ICO will turns out to be scam, there's ICOS with high reliability because popular people behind it and ICOS with low reliability because there's just random people trying to be the developer. To reveal whether an ICO is scam or not, the community need to look further searching for the developer footstep to reveal everything, but however, i see some of people sucesfully revealed some of scam icos so it may work as you said.

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Wearegoodfrends
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May 19, 2018, 07:21:49 AM
 #220

That's no way to protect us from the scam. If the developers are not responsible for their product to the users then they can make a fork of the finished coin and issue for their own. Automatic sending of tokens does not solve the problem scam
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