What project is scam?

[ekoyulio20]

this is very good information, and where I also always practice it when I want to follow a bounty where. I think that very often I use as a benchmark whitepaper and roadmap on a project I think it is the main thing in choosing a project. and thank you for sharing about whether the project scam or not thanksyou verymuch new science again for me.

[cryptonianz]

Scam projects and ICOs are everywhere. About 90% of ICOs are scams thats why everyone needs to do there due diligence before making investments.

[aleksandra_kickcity]

Scam projects and ICOs are everywhere. About 90% of ICOs are scams thats why everyone needs to do there due diligence before making investments.

you need to be careful blaming each ICO scam

[Road445]

Most of the time, you should avoid the Russian and European ICO projects.
Because the ICO projects in both areas are mostly a fraudulent project, they need to be more cautious.

[crypto freelance]

Thank you for publishing this post, made a lot of interesting and useful things

[Brunus]

Thank you, you made an useful check list, even if - as you said - you can never be 100% sure.
Btw, it seems to me that rarely an ICO starts with scam intention. More likely, it's all about bad projecting and bad management.

[OdinsPlayground]

I doubt many would actually contact a team before investing. And if a big project... I can understand if they are slow at answering mails etc as well. But being active on social media and answering people on telegram / twitter is a good sign of someone being professional.

[Riddikulo]

These are good points for testing the project. But nevertheless, you need to pay attention to the idea, the availability of a working product and an open smart contract.

[Landakhitam]

These are good points for testing the project. But nevertheless, you need to pay attention to the idea, the availability of a working product and an open smart contract.

it seems not only that point is important,
we must know the information about them first before follow ico

[Magister Magus]

Most of ICO promoters are now very skilled in making their product to appear very attractive, and I suspect they put much more effort on marketing that in the creation of a solid background.

So, it's more and more difficult to evaluate the potential of an ICO. Btw, with just a little attention, you can avoid the most obvious scams.
And with a little attention more, you can identify the probably winners.

[roshanfious]

These are good points for testing the project. But nevertheless, you need to pay attention to the idea, the availability of a working product and an open smart contract.

How can you testing a project ( ICO ) when they only provide you some anonymous information and a white paper only ? It's only like a promise and you can't do nothing with it.
The only thing we have to do to protect our money is don't ever invest in those project with nothing showing up.

[cuo]

Most of the time, you should avoid the Russian and European ICO projects.
Because the ICO projects in both areas are mostly a fraudulent project, they need to be more cautious.

I think it depends on our analytical skills, because I'm sure, there are still many people who are fooled by the ICO scam easily because of poor analytical skills

[aleksandra_kickcity]

I doubt many would actually contact a team before investing. And if a big project... I can understand if they are slow at answering mails etc as well. But being active on social media and answering people on telegram / twitter is a good sign of someone being professional.

There should be the feedback. I don't understand why some projects ignore it

[Omnia Vanitas]

This is a good list, thank you for your work; but - if you have the intention to put some serious money in an ICO, this is just the beginning.
So, made you research and don't forget that many ICO promoter are good marketer and know how to make attractive presentations...

[CryptRoller]

What is nice about this list is that it will help you recognize good ICO's most of the time.
It is better to learn how to recognize the good ones. The bad ones will be filtered out then.

[yareklamator]

About Step 4
It is important not just to try to communicate with the team. It is important to know by 99% who they are, what they know and can. What an experience, how old are they. What kind of education they received. If I see 20-year-old children, I will not look any further and read nothing.

In my opinion, the team can have several young people, but not many. And if this young man is a leader, then he must be a genius. But this is rare.

[diezych]

My detective post about one potential scam is here https://bitcointalk.org/index.php?topic=2980740. You can go through it to see examples how to detect fraud.

[aleksandra_kickcity]

My detective post about one potential scam is here https://bitcointalk.org/index.php?topic=2980740. You can go through it to see examples how to detect fraud.

Thank you for sharing this information

[aleksandra_kickcity]

About Step 4
It is important not just to try to communicate with the team. It is important to know by 99% who they are, what they know and can. What an experience, how old are they. What kind of education they received. If I see 20-year-old children, I will not look any further and read nothing.

In my opinion, the team can have several young people, but not many. And if this young man is a leader, then he must be a genius. But this is rare.

Most of the teams are young. The age shows nothing, to be honest. What is more, in IT industry young specialists are the best

[OlinEmerson]

You can't always be sure if a project scam or not. But I decided to make a list of steps every newbie should cross before investing a project  

Step 1 - you need to visit a website. You need to make sure there is white paper, team, advisors and links to social networks (a project without this information can't be trusted);

Step 2 - you need to read a white paper carefully. Pay your attention to the idea, concept and realization;

Step 3 - check out all social networks and blogs. If the project is alive there should be regular updates;

Step 4 - you need to contact the team. The feedback is very important thing. If the team doesn't answer you it is a bad sign;

Step 5 - join this project community (telegram chat or btctalk tread). There should be 24/7 communication;

Step 6 - google information about the project. Read articles about the project, try to find team interview and events they recently visited. It is good if a company exists for a couple of years, has its history and generates revenue;

Step 7 - read information about advisors. If advisors have a good reputation and they have their successful projects.


Here are good developed communities examples:

https://t.me/kickcity_chat
https://t.me/matchpool

If you have you ideas please share. Let's make crypto community safe together!  

thankyou for posting this this is quiet useful info for a newbie like my self