ICO scam!!

[redtax]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.  

[Darkstare]

If I ask I do not know the scam of the ICO but we are careful in the forum we may have a lot of scammer that is spreading over time so we beware of you bitcoin and thank you very much for the news.
 

[ETHtotheMOON1]

there are many ways as ICOs are usually investments in very early phase of the companies, some of them have literally nothing to show for their work. Therefore some of them simply won't deliver and scam their investors.

[Gusk]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts. 

It is necessary to look at the most important thing about the team, so that they are all real people and not fake, do not be lazy to check out each member. Then you already switch to the product, there should be at least a working model, it is possible in the test version, it will be very good if the business is created long ago and this is a new direction!

[serguvan]

As stated, there are many ways to scam people during ICO period. Some scammers look very professional that you see their project as investible. They actually market their scam ICO very well to make you invest in it.

Let me share with you an article that explains one of the most recent scam projects, Benebit and how they scam their investors.

https://medium.com/@Descrow/the-organizers-of-the-scam-project-benebit-have-disappeared-with-2-7-mln-ba0ef4fb440b

I had joined their bounty campaign to promote their project, and guess what? I got nothing!

[CryptoFanholic]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts. 

It is necessary to look at the most important thing about the team, so that they are all real people and not fake, do not be lazy to check out each member. Then you already switch to the product, there should be at least a working model, it is possible in the test version, it will be very good if the business is created long ago and this is a new direction!

absolutely, except in few cases where privacy is concerned, we can check the actual product and move fwd

[chocopapaya]

The word scam is thrown around too fast around here.

As far as what can be considered a straight up scam, those are actually pretty rare and easy to spot.
These are the kind where everything is fake, the team, the company, the website.
Nothing of it exists and the after the ico they disapear and run away with your money.
If you do even a simple amount of research, you can quickly see if it is a completely fake company or not.

What most people nowadays call scams, are really just failed business ventures and startups.
What is more common is that a startup raises funds through an ICO, and the business goes nowhere, and the value of the coin or token drops below ICO price and stays there.
The most common reason why ICO startups fail is because of an incompetent tech team.
A lot of these companies gain no benefit having blockchain and they can't even implement it well.
No progress is made and the whole thing just dies.

You have to realize, that tokens and coins are not stocks in the company, if they have no real use then the value will fall.

[Artiekee]

Signs of crypto projects to avoid:

1. Plagiarized white paper
2. Serial token creators
3. Lack of technical details
4. Can't find founders online
5. Lack of community support
6. Lack of real world use case
7. Obnoxious fundraising goals
8. Discounts / bonuses that sound too good

If all these things check out positive, you still have to be careful. You have to question yourself if the company is going to spend the funds properly, or that they just want to make a quick buck.

Also be careful of other scammers:
- Fake Mails
- Fake Websites
- Fake Telegram members

Always double check if the site/mail/person is the real one.

[sylance]

Everyone should know that when buying into an ICO, you're putting a tremendous amount of faith into the project team.  Not that they just wont walk away with your funds (Benebit,) but that they can execute.  They have to build the blockchain technology, promote the coin, negotiate with exchanges, maintain a community, navigate government regulations, and finally... stay together as a team to upgrade the technology as the environment changes.

These things are difficult for centralized businesses with managers and paychecks to force cohesiveness... but even more so for virtual teams.  I'm actually impressed so many get the job done with all these challenges.

[princehandsome]

you may experience something bad after invest to ICO, why did not you check the all details of the ICO before you join or invest in there? check details ICO from the team and roadmap or others, because it is a key whether that the project will be successful or not in the future. I have long joined the ICO world and everything end successfully.

[QFT]

The word scam is thrown around too fast around here.

As far as what can be considered a straight up scam, those are actually pretty rare and easy to spot.
These are the kind where everything is fake, the team, the company, the website.
Nothing of it exists and the after the ico they disapear and run away with your money.
If you do even a simple amount of research, you can quickly see if it is a completely fake company or not.

What most people nowadays call scams, are really just failed business ventures and startups.
What is more common is that a startup raises funds through an ICO, and the business goes nowhere, and the value of the coin or token drops below ICO price and stays there.
The most common reason why ICO startups fail is because of an incompetent tech team.
A lot of these companies gain no benefit having blockchain and they can't even implement it well.
No progress is made and the whole thing just dies.

You have to realize, that tokens and coins are not stocks in the company, if they have no real use then the value will fall.

I disagree with this, scam isn't thrown around loosely, lot's of coins here are scams.
Maybe we should all copy some coin collect money disappear and just say it's a failed business venture.

[redtax]

@serguvan
I went through your article. Really need to be careful out there.
Thanks for sharing mate!

[D-Fault]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts. 

They may just take your money and disappear. That's the easiest way to be scammed. 

[emmmmm]

If you encounter a scam ICO project, so if the tokens, does not have the list on the exchange, so the tokens, liquidity is always no, it means that you can not sell out the tokens, which means you cheated.

[dasha_buka]

Yes, not all ICO, you just need to learn how to analyze better, many ICO excellent team and finished products, the Main quality analysis, and not go into everything

[czhen]

there are several ways to judge a ico is good or not you first notice the Roadmap and its White Paper ICO quality will have a clear roadmap and white paper. It's important to determine the journey of the coin in the future. Because the roadmap and white paper is a description of the future of the ICO and note the total supply of ICO coins
As per economic law, the more total supply of coins, the cheaper the price. And the less total coin supply, the higher the price. Surely this could be one of our reasons to see which prospective coins are good.
actually there are many more tips to see an ico.

[hinpoc.hin]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.  

Try to invest when there are amazix people. They are a professional who managed ICO's.
I think with them, scam will be difficult to occur. and we are investor can stay safe.

[thepo1m]

I think there are many ways they run scam in this space, I don't know if you followed the Confido exit scam, some can reached the level you painted, pumped their coins and they dump on the market for exit scam, this was what the team did then

[makishart]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.  

There is a way for you to get scammed after you are doing a deep research about all of things that related to the ico. The fact that some project runs a shady business by changing the business plan at the middle of development process and that was just like a big lie to the investors. You might have seen the price drop a lot.

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts.  

Try to invest when there are amazix people. They are a professional who managed ICO's.
I think with them, scam will be difficult to occur. and we are investor can stay safe.

The best thing from amazix because the team was doing a lot of audit and verification to give the more security layer to the investors.

[auliahr]

How do people actually get scammed after an ICO sale? Let's say i've gone through the company's website, whitepapers and github source codes. I have decided to put invest for some of their tokens. Is there a way i scammed after all this? Share your thoughts. 

I do not understand with your question, maybe this thread can help you to get the best ico and how to choose ico safely.
https://bitcointalk.org/index.php?topic=2822896.msg28918031#msg28918031