Landak
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May 28, 2019, 05:03:39 AM |
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honestly, it's very difficult to know whether the ICO is scam or not. a lot of team profiles and website appearances look promising and can be trusted but in fact we are fooled. whatever advice it will definitely not be effective.
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HILIH KINTIL
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Wintersoldier
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May 28, 2019, 06:08:34 AM |
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As the person the top of me said, there isn't a sure way to define is any ICO is scam or not. But sure you can lower the risk by researching about them. Like, you can check the team is there any real profile anywhere, LinkedIn, Facebook, Twitter. Is the company public or they are below the radar, do they have massive posts and advertising and etc. If they are trying to scam someone, they wont be public
As of my experience, checking linked in profile, facebook and twitter will not going to prove anything, the scam and scammers will going to be able to easily set up their account, its upon their responsibility to manage it by their own, though, what we can do better is to see the community, if it was active and with real members.
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Sendi blackspade team
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May 28, 2019, 06:13:32 AM |
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honestly, it's very difficult to know whether the ICO is scam or not. a lot of team profiles and website appearances look promising and can be trusted but in fact we are fooled. whatever advice it will definitely not be effective.
at least we can avoid those who have fake teams and models. because it's definitely a scam project. and we can focus more on projects that look promising even though we don't necessarily avoid fraud. isn't it like that we like gambling in choosing projects?
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slaman29
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May 28, 2019, 06:17:32 AM |
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Well, there is not strait jacket rule to follow in order to detect whether a project is scam or not, however, there are some few checks and tips to include in the research to ascertain a good level of confidence about the authenticity of the project. Firstly, during the research, the investor must look out for the actual profile of the team behind the project. Here, the investor must follow the social media outlets of the team members and come out with accurate information about their data. The data must be coherent and valid as this will help determine the expertise level of the team. Secondly, the investor must look out for the product and its demand level on the market. This part helps the investor to know how serious the project is especially if the project has an already functioning product on the market.
It would do well to remind people also that authenticity of the project does not really say much about the intention to scam or not. If I were a scammer, I'd want to create an authentic project. An actual white paper, an actual blockchain even an actual product that works, etc. The more I give people to see and use, the more they will invest. It's really important to try and see past the hype and get a sense of the developers and community, if they're real, or if they're just on for the ride.
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Landak
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May 28, 2019, 08:16:47 AM |
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honestly, it's very difficult to know whether the ICO is scam or not. a lot of team profiles and website appearances look promising and can be trusted but in fact we are fooled. whatever advice it will definitely not be effective.
at least we can avoid those who have fake teams and models. because it's definitely a scam project. and we can focus more on projects that look promising even though we don't necessarily avoid fraud. isn't it like that we like gambling in choosing projects? as I said, we don't know exactly which is a real ico project and scam. then how do you know and avoid it? yes right, investing in ico, sto, ieo if we think back it does look like we are gambling, the purpose is getting profit or loss, you are right.
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HILIH KINTIL
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mbluxs
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May 28, 2019, 08:41:39 AM |
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For now checking between ico is deceptive or not very difficult. because most ico are also not transparent. the easiest thing is checking the team. are they fake or not. this is the first step before going to the others. make sure they are authentic. because scammers usually fake their team.
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OrangeII
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May 28, 2019, 08:49:48 AM |
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For now checking between ico is deceptive or not very difficult. because most ico are also not transparent. the easiest thing is checking the team. are they fake or not. this is the first step before going to the others. make sure they are authentic. because scammers usually fake their team.
actually, it is very difficult to know that, because sometimes someone's intentions arrive when funds have been collected. however, sometimes a number of projects also appear to be clearly scam, even more so they promise lots of bonuses, with very easy things. sometimes the team also consists of edited photos. for whatever, we can know that except doing in-depth research.
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forexandcryptoauditor
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May 28, 2019, 08:53:51 AM |
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Today, its very difficult to find legit projects. We have to keep away ourselves from scam projects.At the beginning of any project, it's really difficult to identify if the project is scam or legit. Many times we get attracted and inspired by the project idea, it's website, and very large number of community members in telegram. Now a days every system, idea, concept can be transformed into blockchain technology ecosystem. It's very much possible to design a very good looking website with lot of graphics in it. I have seen there are thousands of boots possible in telegram community. So if we feel the project is good, we have to get ourselves engaged daily in community discussions. This will keep us updated about project specifically the development part. We also consider at what stage product development is. If we have technical knowledge (I don't have), GitHub code also can give better idea about project. One example I can give here is MultiVAC. I am engaged in this project so much and due to that get updated on their daily development updates, team members information, any events they have and so on. One of the thing I have observed that if any product is already existing and through a project they are migrating to blockchain technology, it's most likely genuine project. For example, Bankera. There are many other factors which can be checked to know if any project is good by or not. I see a solution to scam projects, Regulations to cryptocurrency and ICOs. Hope the situation will be better in near future.
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leavolnhals
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May 28, 2019, 09:01:15 AM |
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Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
Currently ICO projects are not reputable and investment will come with 50% risk. means scam rate up to 50%! That is a terrible number. so you should only invest in IEO projects. Those projects are verified by exchanges in terms of prestige as well as potential. You should buy tokens at exchanges like Okex, BNB, Huobi, Coineal, IDAX. These are reputable exchanges.
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qomariah95
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May 28, 2019, 09:06:28 AM |
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What must be seen is of course development, vision, team, transparency. All of that is the beginning of our trust towards a project that conducts ICO. Because, nowadays there are still many ICOs who are scam or not trusted. So from that transparent to investors is very necessary so that trust grows for us to invest in the ico.
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Babyrica0226
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May 28, 2019, 09:23:29 AM |
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Hey guys, I'm new to the whole ICO world, and BTCtalk as well. I've been reading about a lot of scammy ICOs that take people's money and run away. I'm looking to invest in a couple of ICOs but have no way of knowing if they are good or not. Can anyone tell me how I can go about doing this without losing any money?
First you need to check the whitepaper they have if it is original then their team behind must also true and not fake. See if the usages of their token is attainable and realistic for the community target of the project, then look at the allocation budget for the bounty, if they have an escrow it is an advantage but not necessary needed, however, having a good reputation of the bounty manager is also a advantage too. And most of all they must trustworthy.
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sarrpora
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May 28, 2019, 09:34:03 AM |
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As I see, it requires pretty deep analysis and you know, not everyone can do it today. Cause we basically choose the projects based of friends' recommendation etc, however, of course, we must be more objective
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tsurpalglobe
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May 28, 2019, 09:36:16 AM |
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As I see, it requires pretty deep analysis and you know, not everyone can do it today. Cause we basically choose the projects based of friends' recommendation etc, however, of course, we must be more objective
Morning there. Yes, this is true. I would also say that today not everyone can evaluate and rationally recognize one or another project, you are right. So probably only automated solutions that analyze the coin, big data with the use of latest technology can make us sure in one or another solution
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sarrpora
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May 28, 2019, 09:40:55 AM |
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Morning there. Yes, this is true. I would also say that today not everyone can evaluate and rationally recognize one or another project, you are right. So probably only automated solutions that analyze the coin, big data with the use of latest technology can make us sure in one or another solution
Makes sense. So something artificial intelligence and machine learning to analyze everything. But are there such solutions on the market already? Are you aware?
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tsurpalglobe
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May 28, 2019, 09:42:31 AM |
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Makes sense. So something artificial intelligence and machine learning to analyze everything. But are there such solutions on the market already? Are you aware?
Not sure whether there are different solutions, however I know the most advanced one. They are using exactly what you have mentioned - AI, machine learning and other advanced solutions to build objective overview. Called Vespucci. You must have heard of them if you are deeply into Crypto
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sarrpora
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May 28, 2019, 09:46:57 AM |
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Not sure whether there are different solutions, however I know the most advanced one. They are using exactly what you have mentioned - AI, machine learning and other advanced solutions to build objective overview. Called Vespucci. You must have heard of them if you are deeply into Crypto
Can you tell me more about what they are doing? Kinda in more details. Coins analysis?
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tsurpalglobe
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May 28, 2019, 09:48:35 AM |
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Can you tell me more about what they are doing? Kinda in more details. Coins analysis?
Well, Vespucci is a new system, that monitors the evolution of blockchain and cryptocurrency markets and delivers unbiased, robust and up-to-date rankings that represent the real value of a very wide spectrum of coins as well as their potential. I recommend you just to Google Vespucci, they are pretty popular. And examine their website, of course
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airdagon
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May 28, 2019, 10:13:00 AM |
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Checking ICO scam or not is difficult, but we can see it from the project's whitepaper, and the team behind it
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andika2018
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May 28, 2019, 11:30:34 AM |
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Checking ICO scam or not is difficult, but we can see it from the project's whitepaper, and the team behind it
I dont think that simple, many scam ICOs have good whitepapers but mostly have fake developers team. Whitepaper is not the only factor to determine the project are legit, i think the developers team behind is the main factor to project run
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Register13
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May 28, 2019, 11:56:05 AM |
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There is only one thing to distinguish if the ICO is scam or not by reviewing its platsform. If its platforms was clear and gives enough good feedback then its not a scam but if its not better look another bounties to be join of like the dencoin tokens which promoted a holders to buy sell and to trade tokens.
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