How to known a Scam ICO

[MMHuat]

I find that some scam ICO will also come out with a professional team, good white paper, etc. But ultimately, to do our research on the net, as FUDs from users really raises red flags. However, telegram is no longer as reliable, as the admins are now able to delete our claims and kick and ban users. This is pretty evident from some ICOs that are pretty hyped, the Bee token, for copying other ICOs work, before the crowd sale.

[mimota159]

Can you find post histories on accepted forums, or verified contributions to the community, or linkedin profiles that have plenty of real connections?

[bibitao27]

You can check website and team development. Check google and read whitepaper

[pelumi20]

There are alot of ways to know a scam ICO.
First look at the team of the project, search google for the images used. It will show if it was stolen some where.
The purpose of the project. Is it created to solve a problem and is the blockchain really needed.
Etc

[pearlsome]

There are many markers that will help you avoid a scam. But let's be frank with you.
Professional scammers know how to pull the wool over.
You will learn the whole truth about the project only when it's too late. Even professionals are mistaken. All at least once fall into the net to scammers.
But the main thing is not to get too upset. Don't lose your vigilance, but be prepared for this morally.
When the first time I don't receive token after ICO, I was in frustration.

[wiser]

Here's an ICO to take a look at. Would you invest in it? What are the red flags?

https://www.howeycoins.com/index.html

Once you've analyzed it, go ahead and hit that buy button (but you won't actually make a purchase)... then have a good laugh, and enjoy the education

[oneidentity]

In order not to fall for fraudulent projects you need to be vigilant and be able to analyze projects. When analyzing a project, first of all it is worth paying attention to: 1. Developers (they should be known and have a good reputation) 2. A well-defined road map.

[pandanaran]

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 detect ICO scam is they use another token name that has not survived
If you already usually read whitepaper then usually scam ICO always use or copy their whitepaper
Site roadmap and how many token sales or who the team and the developer anonym
They do not display detailed information
For beginner I suggest to buy in exchanges when token distribution because usually the price down, but if you can already understand ICO investment and determine which ICO you think success then buy when public sale.

[mbah]

look at the white paper, as well as the teams that are on the information. or check the fund investors is it true there are to ICO. at least certainly there should be funds so that the ICO could walk. Perhaps this is not always true, but at least to anticipate it.

[ropyu1978]

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

for now, I suggest you buy altcoin in exchange, because it is relatively cheap in this decrease.
well, actually to know ico scam or not it is not easy. you have to research and find a lot of information about the ico. moreover knowing the bounty managers who manage it. but it's not that simple, you should read the white paper, check the team and look at the road map. so there's a lot you have to do.

[susutao83]

Most of the time, they do not have realistic goals about the project being launched. You may know this by reading their whitepaper.

[Luigieee]

Actually you cant know it but im sure you can prevent it, by make a research about their project ,be active in their project ,find who`s own of their project and also the staff,admin.These are the thing taht you can do if you want to avoid the scam ico`s.

[muathuvang0099]

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.

[ICOLovers]

Bad ico project is insufficient information about the team, poorly designed website and white paper etc.

[artcool0305]

Always set a smaller goal, don't invest everything on it, if it looks suspicious try to question around, see if other people are aware of this ICO, it needs to be fancy but REALISTIC, never trust people telling you gonna be millionary with the product, to me this is the first step that is a scam, as getting millionary with a start-up is very unlikely and it feels like they are aiming for the ignorant masses.

[Sithara007]

Bad ico project is insufficient information about the team, poorly designed website and white paper etc.

That's not always the case, as I can give you dozens of examples on the contrary. Nowadays, the scammers are getting very innovative. They are putting a lot of effort in to the White Papers and ANN.

[Ebenezer559]

How to know a scam ICO firstly you have to go through their whitepaper to understand the purpose of the project (roadmaps). Secondly to find information about the team members past records

[akashark]

It is very easy now. At first, visit their website and try to find their Team Member's profile. If you see all member's LinkedIn Profile is new or only 50-100 Connections then that could be a point. The Website looking will be un Professional. if you see many sponsorship logos on their website they have a check those links. Maximum Links will not work and their whitepaper will be cheap. Scam ICO will have not An average rating in Icobench or Icodrops website.

Follow these steps, Hope you will find more point to know about a scam ICO. Good Luck.

[bibitao23]

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.

[abel1337]

Its hard to find a scam ICO but there are a thing or a sign that you can find a legit ICO. Check out the ICO's team and their background, Its better to have a team member who is a part of a successful ICO before or check their partners. This move will reassure you that the ICO is legit enough to invest.