How to known a Scam ICO

[ducsakun]

Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much

[1714824140]

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[1714824140]

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[1714824140]

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[1714824140]

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[1714824140]

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[baobao2000]

Hard to avoid, here is some tips.

3 Ways to Identify an ICO Scam:
1. The Developers Are Anonymous
The first and most blatant sign of an ICO scam is that the token’s developers are anonymous or otherwise-unknown.
2. The Token Does Not Have a Clear Use Case
Another sign of an ICO scam is that the developers are unable to clearly articulate a valid use case for the token.
3. The Whitepaper Sets Unrealistic Goals
If the whitepaper sets an unrealistic development schedule, it either means the developers are using deceptive tactics to attract token buyers or they lack the necessary experience to give a sensible scope to the project. Either way, this does not bode well for the success of the project and its corresponding token.

[bilal_jan321]

Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much

Start with the whitepaper, you can clearly get an idea about are they trying to achieve something natural or something just a fantsy.

Focus on the team and advisors.

Stay safe

[Velkro]

Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much

99,9% ICO's are scam's
How to know its real deal?
1. The Developers Are Anonymous
2. The Token Does Not Have a Clear Use Case
3. The Whitepaper Sets Unrealistic Goals
Don't waste ur time in ICO's

[Sanjeewa101]

Few Points We Can check;
01.Team should be visible
02.There should be Social Media Presence like Telegram, Discord, Twitter and Facebook And It should be active
03.Look White paper and Roadmap for Project and Check their GitHub for any Written code
04.Check It is available Token allocation for AirDrops, Bounties, Teams and Product development and Marketing

Consider these before basic investment decision

[treespace]

#1: Does the use case make sense? Who does this coin solve a problem for? (besides the people selling it!)
#2: Have they made any concrete progress on their roadmap?  Is there code on github?
#3: Is it closed source?  If so, the odds of it being a scam are much higher unless they have a really good reason.

[stronghandsdeeppockets]

I also tend to avoid ICOs which are not managed by a reputable person (especially the case of a bounty campaign). That, of course, doesn't mean I simply won't look at ICO in that case, but it does raise a red flag whether or not those guys are for real.

What really puts me off is answering my fucking questions. If I ask a technical question (or any question about their product) they'd better answer it. If you see a lot of people (in their ANN) asking questions which don't get answered, that's a quite big red warning for me.

And of course, self moderated ANN threads are a big nope. Along with what the other members have said above me

[darkangel11]

What i've noticed is fakers are usually using ready made sites. If their site is built on a common, free template, and you can see it doesn't have a lot of features and nobody paid for making it, you can smell a scam. A legit dev team won't be afraid to invest their money into the project.
Next thing I usually notice is the fake pictures. If the pictures of their team members were taken from other sites you can expect a scam as well. If you are planning to put fake pictures, it's better not to include them at all.
Any fake info should disqualify the project, like a fake address, fake picture of an office or the office building, company registered at a common address used by many other businesses, where they're just renting a room to be able to post a location. Check everything.

[pixie85]

Few Points We Can check;
01.Team should be visible
02.There should be Social Media Presence like Telegram, Discord, Twitter and Facebook And It should be active
03.Look White paper and Roadmap for Project and Check their GitHub for any Written code
04.Check It is available Token allocation for AirDrops, Bounties, Teams and Product development and Marketing

Consider these before basic investment decision

Many scam projects have airdrops, bounties and are active on social media. I'd say most of them are doing the last 2. This is by no means a way to see through a fake ICO.
The best way is to look for gaps. If you can catch them on lying about some unimportant things you can be sure they will lie about those important ones.

[AmericanBit]

I is difficult to say for sure, but there are some things you should take into considerations: often projects which already have some products are more trustworthy, besides project should have reliable team, it should be active in social media, but not just posting, but you should assess the quality of the content.

[snowblack]

Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much

1. Check traffic source by Alexa;
2. Check Team member;
3. Check community and in bitcointalk thread;
4. Check WP

But nothing can say that it's truth or not. You need a lucky

[wazir101]

Check their Team member.There should be Social Media Presence like Telegram, Discord, Twitter and Facebook And It should be active.The Whitepaper Sets Unrealistic Goals. i personally prefer ICO CVproof is best .because of its team and project .

[cerealnac]

As others have said, the best thing to do is to do research. A non-scam ICO should have transparency into everything it does. Follow them on telegram and discord, get into the weeds on the technology, learn about their team from LinkedIn, etc. Before spending your hard earned money on a brand new company, you need to get to know them very well and form some trust. Only then should you participate.

[us11csalyer]

1. I would advise you to check the photos of the founders through Google search, sometimes there are absolutely other people in these photos.
2. Look at the ratings on sites like icorating, there part of the work on analysis is done up to you. Not necessarily the rating should be 5 \ 5, but if it is too low, it should alert.
3. I assess the essence of the project - how much it is needed in the market and  would I invest in this project as an investor.

[wiser]

At this stage I'd start with the assumption that they're all scams until proven otherwise. The white paper is a good place to start. Ask the development team lots of questions. If it seems too good to be true, keep moving.

[quanahri]

Read whitepaper , a big group member, profession website, partner, member of ico,...

[Johnyz]

Its not easy to know if the ICO are scam or what cause scammers are quiet improving the level of their skills to attract more people so you'd better study the project carefully. Well, sometimes its obvious but you still need to be sure about it.

[wealthypioneers]

check if they have a prototype

[Aaarono]

Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much

Usually I do a search on Google "ICO Name + Scam" and I see what comes up. Usually I get some articles about such things.

[edhp]

if it's a lending platform promising unrealistic returns, that's a scam. also, be wary of airdrops asking for KYC before they give your free tokens. for me this is a red flag.