how to distinguish the good ico, ico scam

[bekhuong45]

how to distinguish the good ico, ico scam

[xenomorphe1]

It is difficult to know what is a good ico or a scam ico. Scam ICO sometimes can seems legitimate too.
You will have to do a lot of research if the team members are known. Also see if other websites are talking about them and the ICO.
See if the profile of this person match with the data on the internet.
Also look at the whitepaper and see if it is a realistic project.
Sometimes a legitimate ICO may have a poor whitepaper. Like Chineses ICO. But they may be legitimate.
Coins without a goal may be scam. Also copy of another coin may also be a scam.
It is better to just get airdrop or to trade them when they get tradeable and if you see that there is an opportunity that the coin can gain more value.
If the coin only drop, don't take the risk to buy it.

[Altcoins enthusiast]

how to distinguish the good ico, ico scam

Try and verify the teams behind every icos and the technology behind it and you are good to go. Many people did not now that it is the teams that scam or make the project successful and most time that the way the project is promoted is what make it to be a good one. I think hundreds percent of projects problem are from the team.

[max1616]

Yeah you need to develop a really good filter for sure. For me the biggest question is whether the token is absolutely necessary for the operation of the blockchain.The best way to avoid Crypto scams is to do a lot of research. Don't just look on page one of Google, look on pages 2, 3, and 4.Also verify them out on Facebook and Twitter, see if they have respectable followers, or are they bought from other countries.

[trollercoaster]

There are a few signs...

Their goal, token amount, token value should be corresponding with each other, if there's a fault in that math, that's a red flag for me.

Their team members and group of advisors; if there are any of them that was realted in a scam ICO before, that's another red flag for me.

Their roadmap should be realistic; sometimes a team may not be able to deliver roadmap instantly and it may take time to see a roadmap but it should be out before the ICO, if it's not that's another red flag as well.

And last but not least; I always keep this in my mind: "If it's too good to be true, it's probably not."

[CopMom]

Before it's really difficult to know which one is good ICO and which one is scam ICO cause there are no ICO project analyze website but for now it's much easier when we can use icobench ). Otherwise you can know which one is good project through the dev team, Whitepaper, roadmap and the way project's going to run. If a project is going to run lending, you should stay away from it

[00DKM@]

Personally I choose ICO, first I read about their whitepaper, check the customer care team on the telegram, see if they respond quickly to the questions the investors put out. They have an ICO community and have a Bounty community. You have to check the roadmap is reasonable. The information I give is the basic element for evaluating a quality ICO program.

[Estrath]

These are major stages you have to consider:
1. Check the technical documentation -  discover if the blockchain is really necessary for the project or it's just a simple deriving
of money;
2. Identities of team members of the project - their social media profiles, interviews etc ( things that can prove that these people are real);
3. Innovativeness of the project and the level of competition on the market ( whether the project will be able to gather the required sum of money).

[burdeN]

1. Read the whitepaper first. Do you like the idea? Is blockchain is that necessary for this project?
2. Think about the market for which project is targeting? Is it really big and promising?
3. Try to find their social media, mentioning their project in news/socials
4. Find all topics about the project on this forum, find their slack/telegram/twitter, etc. Research the community. Is it active? Is it big? Is it professional?
5. Find their members, try to find their personal info. Their twitter, linkedins, etc.

[trumper]

If it is hyped a lot then it is good ico because you can make more profit, some projects are really good but after ico the price can go below ico price, so good ico is not always profitable. If there is no team, no good website, it may be scam.

[Chefironside]

all of you who can talk smart here can call 2 ico coming soon. and in 5 months we will meet again here. and then we see who was right and chose the right ico.  90% is scam.

[AjithBtc]

Understanding the real time need for such a project and the development team behind it will give the clear description whether the project will succeed or not. Even this prediction gets outlawed when there is lack of funding for the promotion, and in this regard everything is upon trust. Growth happens on the way.

[SamboNZ]

Most ICO's aim and projects are all the same and it's really difficult to determine the good ones, so it's very risky, just take a lot of time reading, studying, and analyzing. If their goal is far-fetched or unrealistic  better avoid it.

[lmoe23]

Do a lot of research before investing on an ICO, it's difficult to distinguish if it's a scam or not. Check ico list on some websites and they have a lot of ratings there.

Check if they have a proper website that is running a https, telegram, twitter, reddit, medium and etc. If they don't update on one of those social media sites then the ICO must not be a proper ICO.

And importantly check their whitepaper if it will have an impact in cryptocurrency. And lastly check the team behind it and the roadmap of they are aware of their future.

Check Bitcoinus ICO, sale have been started and it's not too late too join.

Good luck finding the best ICO!

[tienigarazz]

Its hard to distinguish that, because rightnow icos are all everywere.
You have to read first all the information about that ico before investing or joining, like reading its white paper, road map and etc.
And try also to invest or join in an ico with trusted manager or dev. Because some of their projects are very successful.

[elewton]

actually, we can not know exactly which is scam. because there are many good projects with an experienced team but failing on ICO. I think you just research carefully and wait for the lucky.

[shinyprize]

Not that hard, as most are scams and most are trying to do something someone else is doing better. But some more specific things:

1. A "discount" time period for ICO with limited coins, then price goes up
2. Airdrops, period
3. A whitepaper that overpromises
4. A roadmap that is unrealistic
5. A team with little experience/the wrong kind of experience


And always trust your gut-

[Chefironside]

No chance to see it before. only when ico is over and the team continues to work and you also get your token do you know that it was the right ico for you. and the team should not run away. You never know this before

[shursight]

Understanding the real time need for such a project and the development team behind it will give the clear description whether the project will succeed or not. Even this prediction gets outlawed when there is lack of funding for the promotion, and in this regard everything is upon trust. Growth happens on the way.

Well, it is pretty difficult to look for a good ICO with the current market conditions. Maybe there are only a few, probably 1 out of 5 ICOS are worth the risk to invest in.

Actually, most of the icos in where i have invested lately are down from ico price (sadly)

[MarchToke]

A good ICO has a best team, has an active telegram, has an organized spreadsheet, good bounty manager and has a great white paper. And lastly, an ICO will be considered as best ICO if it will reach ots soft and hard cap and will become successful.