ICO scam!!

[KTChampions]

It seems to me that to 100% secure yourself from falling into fraud, you must invest in projects that already have a legal entity and a finished product. In this case, we can check all the team members and the legality of their activities. Obviously, it should be people from civilized countries who do not want problems with the law.

[itssawai]

I've seen a big scam recently, it was monero gold. They used an exploit in Erc20 protocol for their own benefit and scammed many traders as well as a big exchange.

[jambul_kribo]

It seems to me that to 100% secure yourself from falling into fraud, you must invest in projects that already have a legal entity and a finished product. In this case, we can check all the team members and the legality of their activities. Obviously, it should be people from civilized countries who do not want problems with the law.

totally agree with you.project that already have a legal entity could  help us protecting our money.if they scammed us we could make report it.and now on much project that has legality standing

[Rexxxem]

Unfortunately, there are a lot of scammers in ICO at the moment. I hope that over time their number will be reduced, including the introduction of regulatory standards by the legislation

[cunese]

Now, the ico scams are perfect, and I can't find out if they are a scam. I prefer the technical ico, and the application type is not very good.

[Yuuto]

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.  

Yes.

They could forego all future development and give you an incomplete product.

You could still be holding the tokens, but all the promises that they had about how great their platform will be may just disappear into thin air. You have to consider that possibility and do your due diligence when you invest in any sort of ICOs.

Or, they could just collect the money and disappear. That's happened before.

[imdada]

These scam companies have a fraudulent scheme. Everything is fake. Fake whitepaper, fake team, fake website etc.
Most of them have no available products or apps. Most ICO's were merely plans and papers where they would just start developing their application or product after raising funds. So, it is a positive sign for me if a company has an available app already that is tested in handling large volume of transactions.

It is really important to always check, read, and analyze the Whitepaper and look for the Roadmap. Is it a long term goal? Future development? When it will be list to external exchange, developing another application, and so on. Also, a good project has a very active community to support each other.They should have at least the three primary social media platforms such as Facebook, Twitter, and Telegram. Active and updated at Ann Thread.

Some people do legit checking by confirming the amount of Ethereum that ICO already collected. They do it through verifying the ICO contract address if the amount of Ethereum that the ICO already collected that usually showed in the website is correct and same on what you can see on Ethereum blockchain. It can be verify tru Etherscan for ERC20 tokens. (For ERC20 based token)

[AndreyBitTalk]

you should be able to determine the Scam or not,all good, isio appear on Aiko the drop,and if the rating is high,it is unlikely that the project will be Scam

[OrangeSeller]

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.  

You have taken a step to find out more about the project and that is what makes you different from others who they just look at is the website, the graphics without even bothering to take the necessary steps in finding out more about the achievements already done by the team.

Also, you have to understand that the team is also very important, so you may need to always add it to your list. With all this and when you are very certain, there is no way you can get scammed.

[Riddikulo]

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.  

In addition, you need to check the project team. Now many scammers are making fake profiles of influential people to raise more money. You also need to carefully study the possibility of implementing the idea.

[vova_angel]

Descrow is actively looking for partners for the project development

Dear Descrow community members and everyone who is interested in our development! We advise you that Descrow is actively looking for partners. We need IT developers, advisors, and experts in various fields of crowdfunding. If you have your own project in marketing, legal or fin tech field, if you do care about the development and improvement of the crowdfunding market, we invite you to cooperate with us.

Descrow is an infrastructure project, changing the common principles of investing in the cryptoeconomy and blockchain technology! It is an international crowdfunding platform of a new type with the central service of decentralized escrow and a set of tools for safe investments in ICO and professional implementation of ICO projects.

https://goo.gl/forms/nGF5fkyhCKbMgBcz2

https://medium.com/@Descrow

https://www.facebook.com/descrow3/

https://twitter.com/Descrow3

https://t.me/descrow_rus

[sergeykravcov177]

If you choose the right company, you can find a good decent option that will not let you down and bring money.

[-Redacted-]

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.  

The highest probability is that hackers will crack the smart contract code of this project and withdraw all crypto. So developers and investors will end up with nothing..

[Grim149x]

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. 

Of course, some scammers lie behind seemingly legitimate projects I think. There are a lot of professional scammers and they mostly get away with it.

[Britanshio]

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.  

I dont think so that all of ICO was scam but maybe some of themThe only knows that ICO is one of the biggest help to make it earn from bounty and investment.

[vova_angel]

    30 ICO projects in total are going to participate in Descrow Platform testing as of today. We welcome 7 new projects!



                           

Medicohealth — project for improving healthcare system by creating doctor — patient environment based on blockchain. Application creates possibility for fully anonymous, safe, and efficient communication with world’s leading healthcare specialists and provide own tokenized and secure payment system. Decentralized ledger technology enables traceability, data immutability and creation of secure methods for privacy protection that makes such platform perfectly fit for using in healthcare system.

International Charity Exchange BCharity. Platform allows to bring together individuals, funds and organizations from across the globe, providing an opportunity to help people in need. Decentralization will transform the modern systems of charity, removing unnecessary activity, barriers and regulators that decrease the effectiveness of charitable foundations and organizations, while evolving global charity to a new qualitative level. BCharity will open new opportunities in the field of charity by facilitating philanthropic donations via digital currencies and increasing charitable activity with no borders.

INSPEM — blockchain based artificial intelligence that able to recognize faces and objects using mobile phones and static cameras. At the moment, the platform develops several areas of activity. The service will be useful in missing people search, bystander or witness search, and in criminal search –it can help to recognize the faces of thieves or terrorists at mass events. The system operates as follows. After the biometric analysis of the face (for example, from the photo), artificial intelligence looks for a coincidence on the tracking cameras, and in case of a coincidence, the user will be able to buy a record from the camera and find the right person.

Hybrid Betting is an Ethereum-based betting game without a mandatory house edge. The advantage of Hybrid Betting is a profit model totally different from models of other betting platforms. Hybrid Betting profit model is based on the number of shifts played: each sport event can be a shift and platform will take a small fee at the end of the betting phase just before the event starts. Fee was considered from 0.5% for bigger events to 2% for smaller events. Hybrid Betting can allow users to bet against each other without considering odds and the bookmaker edge: new game will allow punters to take care just of other punters in a game with no stronger parts.

FrYa Crypto is a platform for the future of business to powering that through new equity blockchain. While existing solutions offer to solve just one problem at a time, FrYa is up to build a secure, useful, and easy-to-use product based on private blockchain. It will include easy cryptocurrency payments integration, and even a digital arbitration system. At the end, FrYa aims to integrate companies, employees, and business assets into a unified blockchain ecosystem, which would make business truly efficient, transparent, and reliable.

Wixlar is a digital currency and payment system based on the blockchain technology. System advantages are in using Hybrid POW/POS and applying enhanced secured hashing algorithm what makes transactions instant and more secure. The system provides opportunity to use Wixlar coins for buying and selling products online and offline and more than 12 other services for private persons and companies such as: Wallets, Master Card, Exchanges, Smart Contract, Letter of Credit, Cloud Storage, E-Shop, Academy, Rewards, Partnerships, Lottery and Free-Lancing.

LibertyLance — Gig based marketplace where freelancing meets blockchain. LibertyLance is a platform for both clients and freelancers, where freelancers can post their gigs and clients can select from those gigs based on their reviews, pricing and delivery. Platform will be self-regulated by using Smart contracts — it will be used to ensure smooth transactions and act as an escrow medium between the two parties without involving any other middleman.
We will be glad to welcome your project on testing the platform, you can apply by filling out the form below
https://goo.gl/forms/PaYT3MoieB0l9YC72
We also invite experts, specialists, analysts in the field of crowdfunding for further partnership, please feel free to contact us
https://goo.gl/forms/FNCKsyVkptCBhAJl2

https://medium.com/@Descrow/30-ico-projects-in-total-are-going-to-participate-in-descrow-platform-testing-as-of-today-bcd9b698544b

Join now:
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[Kolokoy]

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.  

as being bounty campaign participant since last year, most of us were joined on scam or failed ICOs because this generation it's very hard to figure out until they show suspecting and irregularities regarding their project road maps and the people behind the ICO and the crypto projects.
At least on my side, I only lost time and effort and not the same with other members in this forum that they are getting scammed by some fake ICOs and Crypto projects that are too good to be true.

[bogacola]

ICO is an unregulated way of raising funds is harnessed by legitimate companies to get direct access to broad network of investors. Having said that, this void in regulation attracts all kinds of scammers which can pretty easily create a fraud business and take advantage of the hype around ICOs.
All the scammers need is a wallet, a Whitepaper and a working website and they are good to go.

[Quraline]

Most of the companies that carry out the ICO, it is possible to raise money investors. Scammers rarely come across.

[IL.Guerreiro]

i think the only way to know is when it hit on any exchanges and dump after a while and no chance to recover. So if you doubt that the ICO is scam but it hit in any exchanges sale it while it is alive to save you.