How to known a Scam ICO

[magnat7691]

Now it makes no sense to invest money in the ICO, since there is no interest from investors and it means they don’t even collect softcap.

[1715097793]

1715097793

[burky156]

Unfortunately todays ICO's could turn scam easily In 2018 more than %75 ICO's turned scam some how and millions of people lost their money. I would never recommend you to join any ICO right now. If you join an ICO project you have to study about the project and the team. The team usually provide their personal linkedin profiles, you must check them. Also pay attention the good ICO's are showing their sales reports on the front page of their websites.

[lolgato1]

If you find a good ICO, you can participate in ICO sale if you buy coins with big discount in early sale.
Or if you want to wait, you can sometimes also buy post-ICO tokens for very good price.

[treatWy]

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.

This one is really highly recommendable to serve you as your guide.
Anonymous, unclear token uses, and unrealistic development are the common identification of scam ICO.
And in addition it doesn't mean these are the only ways. There are more ways to find out scam ICO such as sites, and community updates and etc...

[zarintasnim]

It difficult to know at first look that this ICO are scam. But you can follow some tips that may help you to save your capital. First one you should know company details and company background. 2nd MVP, 3rd team member activities and also trusted project manger.

[der_troll]

I does not matter where you buy a new token, the main idea is that you won't invest in a scam project. Just scroll the forum and you will mention some posts from forum members that have detected fraud projects. Just be aware of them and never forget to diversify your funds.

[jimmymagz_071988]

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

Most scammed ICO's didnt want to know there identity and who's the team or people behind of the project. They dont have proper white paper, websites and etc. And about buying much better to buy coins with exchange already to make your investment safe and all you have to do is just monitor only if the coin bought either increasing or decreasing its prices. Differ from investing in new ICO's,  doing ICO's is the stage of promoting their coins to the market and there a possible of failure on it and your investment also gone or remain but in trash prices.

[Emilyp]

The first start is taking your time to go through the Whitepaper, a lot of scam ICOs are easily detected just from the Whitepaper. Then the team members, how is their background like, can they deliver, etc.

[wall101]

To know a scam ico is based on your understanding and viewing it also in the project seems you gonna check all details before you gonna participate every bounty hunters and ico investors. For me I always read whitepaper and joining telegram,facebook and twitter you can see their team and about the project.

[bney]

Hello, mate there are so many ways to find scam ICO. You can check the white paper clearly about the project team, what is the output, who are the partners, telegram group activities. Now there are so many ICO handling groups. So you can find a trustable group by observing their previous works.  

[benjamin11]

Its actually hard to identify if an ICO is a scam because at first, they all look promising but after some times they are not. What you can do is to look for signs that might make the ICO a scam. First is the developer of the project whether they are real people or not. Next is their project whether its working or not. You can also check their website if its transparent or not.

[clavirda]

Unfortunately, now it is really very difficult to find a suitable project for reliable investments. The number of fraudsters has recently increased significantly. Therefore, it is impossible to fully protect yourself from fraud. It will only be possible to reduce the existing risks for investors. Be sure to examine the roadmap, information about the developers and the proposed technologies.

[AuroraHF]

https://medium.com/sylo-io/a-disrupter-in-a-disruptive-industry-c1ac61ca15fc

Read this, a good insight into this problem from a project that's already completed their ICO.

[TomiJerry]

For example, if it is not possible to ask any questions to the organizer or the project personally, this is already a sign, not speaking already about the lack of proper dialogue with their assistants.

[bakermaker123]

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

Buy coin on exchange to be safer. To know if an ICO is scam, look if it is suspicious (see newsfeed for its social media websites, see if it interacts with its investors and see the legitimacy of their project). Don't trust on what they are saying because most of ICOs don't do their promises.

[TomiJerry]

For example, if it is not possible to ask any questions personally to the organizer or the main developer, not to mention the lack of a proper open dialogue with other team members. This is enough to reflect on the legitimacy of this ICO.

[XCANA]

~~~
Read this, a good insight into this problem from a project that's already completed their ICO.

Suggested solutions listed or either posted above are best ways to know a scam ICO. There is one that has worked for me when i started to invest on ICOs which was; research into the project team and validate their identities before getten involve to invest hence flee from such as they tend to scam investors.

[sapnu]

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

You can actually recognize if the ICO is legit. My number one preference is their whitepaper. That everything that they want in the whole ICO is stated there and also their platform itself. Mu number two preference is that their website, you can see it there when it is legit. My last reference is the bounty manager if he is famous for handling an ICO and it is successful.

[CTO@MyBitMine]

There is my tips to avoid scam : first of all read about team members and advisors, they should pass KYC, after that read white paper several times, project should be not compicated and goals should be real, best way if project already have beta version of final product, and at the end of it I read media about ICO wich I have choosen.

[o.ogurlu]

I think you should first research the team members of the project. I suggest that, you should  research that members old projects. Then read the project's whitepaper. Finally, you should read the comments about the project on bitcointalk or other platforms. What is important to me is that, how they are give the answers of the team members in response to these comments.