What are the distinguishing features of a scam ICO?

[DmitriySar]

I pay attention to the whitepaper, grammar errors, product presentations, commands, how they advertise themselves in social networks. In accordance with these criteria, I choose the project, this can reduce the risk of hitting on scammers

[1714950190]

1714950190

[1714950190]

1714950190

[1714950190]

1714950190

[Lloyd Jacksok]

One of the essential elements to consider when assessing a potential ICO scam is the individuals behind it. A robust initial coin offering will present potential investors with a detailed team breakdown, listing founders, developers, advisors, security experts, and anybody else associated with the project.

[AlphaWolf]

I pay attention to the whitepaper, grammar errors, product presentations, commands, how they advertise themselves in social networks. In accordance with these criteria, I choose the project, this can reduce the risk of hitting on scammers

I look out for things like these when looking at ICOs to invest in. The whitepaper can tell so much about a project and the people that are behind it. Especially ones with so many grammatical errors on something as important as a white paper just shows that there is no seriousness about the project and once they get the money they are looking for they will leave the project to crash and burn.

[maoasd99z99]

Most of the scams i have seen in the past had questionable team members and when you ask specific question they will skip answering those things and they lack vital information in their white paper or just copied from other projects, which means that they really do not have any vision rather wanted to collect the money and run away, most of the time these signs are present in all the scams we had in the past.

Sam e opinion

[Invest-or]

Normally, there will be no public team behind it or there will be no particularly good connections between the team and other people. i.e. Linkendin accounts with almost no network and things like that.

[zhekinsp]

Now a days the scam ICOs are using fake details about the ICO team so we need to research about that team to get Idea about the legitimacy of the project,if they stole information from someone then it is scam ICO.But other wise they are also getting more knowlegeable they are also providing the websites works absolutely as a good ICO.

[Dai_Hernandez]

If an initial coin offering favors the development team or founders with an imbalanced amount of tokens, then it’s worth considering whether the project is attempting to maximize personal gain for team members as opposed to maintaining the stability of the proposed blockchain network over the long term.

[plumbus234]

identity theft is the biggest one for me. unrealistic claims are also a huge thing to look out for

[dog_cat]

Initial coin offerings will generally provide potential investors with a detailed list of what they have achieved thus far in the development of their project, as well as what they plan to achieve, in the form of a roadmap. If a project doesn’t provide a roadmap at all, then it’s highly likely that they don’t have any plans for the future apart from “exit” and “profit”.

[haracutama]

An empty code repository is a telltale sign that the ICO your considering is a lazy ERC20 token and doesn’t offer anything groundbreaking. Most ICOs propose open-source solutions that make it possible for potential investors to assess their code via a repository link like GitHub.

[Sam$oN]

The biggest distinguishing features are too many words, the promise of the Golden mountains, the hitherto unknown team, as well as the complete lack of preparation of the project and the sample.

[rextoinsem]

first of all, I appreciate what the company has now. In most cases, if the company comes out only with the idea, especially not the original idea, this is the first sign of a Scam. Further, the presence of living people and

[anjohyx]

We need to check their team member info, look their member profile picture, easy to know is stolen or not, read their whitepaper, it's just a copy and paste pdf files or inside include a lot of project information? Scam ICO owner don't dare to take profit and upload social media account, check their social media account is active or not, sometime always post let investor faster invest their ICO, if not must regret later, same post everyday, then this 100% is scam ICO and owner will run away after collect investor fund

[Duane Taylor]

A scam ICO could favour 2 approaches to supply management: First, fixed supply to boost the appearance of scarcity and push up the price. Second, a fluctuating supply allowing them to sell an apparently scarce supply and then programmatically double the supply and dump it onto an exchange before fleeing into the wilderness.

[Griffith Allen]

ICOs that seem like they are too good to be true will probably end up here. A roadmap should be realistic. If the ICO that you’re assessing hasn’t yet developed a working platform prototype or any code at all, then it’s highly likely that it is an exit scam.

[Fergus Lewis]

Of all the red flags that identify a potential fraud ICO, guaranteed profits are the most obvious. There are no certainties in the blockchain ecosystem, and no proven, reliable, or guaranteed methods of generating profits. Promises of guaranteed profits come in many different shapes and sizes. Some platforms promise automated trading bots that deliver massive returns, while others promise returns to investors for “staking” their coin.

[Dominic_King]

Cross-referencing the data points a project provides the supply schedule of tokens that will be released is a powerful way to discern the true intent of project leaders. Moreover, if the ICO you’re considering investing in offers an unrealistic future roadmap and has not achieved anything significant apart from a PDF and a WordPress website, don’t invest.

[travwill]

The most visible distinguishing features of a scam ICO are a team without social profiles, bad white paper (stolen), no activities in social networks, unbelievable big pools.

[watervo1999]

One of the key signs of an ICO scam is Empty GitHub Repositories. If an ICO links through to an empty repository or doesn’t provide a link at all, then it’s more than likely fraudulent. By providing links to their code repositories, ICOs allow individuals with programming knowledge to audit their development process and determine whether the proposed solution is valid or not.

[Geoff999]

There seem to be so many Scam ICO around nowdays,

Often they are just projects promising hype and great increases in value, only for the coin to be "In development" for 5+ years and then the developers all to quit.