How can the ICO scams be identified?

[krauzzer02]

Very interesting question, and I think everyone knows the answer to it perfectly. There is no 100% guarantee that the project will not prove scam. Of course, you can reduce risks to a minimum, but it's still not a guarantee

That's right we can do for now is to reduce the risk of getting scammed by those fools who just want some money but did not care about the legitimacy, ICO scores and ratings may help from reputable sites but scammers are getting smarter these days as they are the wolf clothing sheeps they will serve you a very beautiful and visionary ICO's and platforms to hide their true purpose, but it is not generalized as some of them are just failing to deliver their own products or token sale.

[CaterpillarRave]

It is difficult to determine which ICO is fraudulent. ICO is like calling for investment so they can develop their ideas. Usually we will know they cheated after the ICO. A lot of tricky appearances make us believe. and then they will run away. ICO investment is always a risky choice

[Grim149x]

First, know if the project is not make believe with just fancy words inscribed into it.

Second, know if the team working on it are legit and if they really are the people working on it because some use someone else's legitimate identity to scam people.

That's my basics on identifying scams.

[fransbenotius]

you can find ICO scams from their action in this forum and social media, if they are no activity and they share unreasonable bonus to you, if the project value is something will give a bad impact to this world and there are no trusted person and advisor in their team and they dont have clear infomation about their project you need to aware from it.

[mprepkiah]

it is very difficult to recognize whether ico is really real or just a fraud but to reduce a risk then we should read whitepaper and see the team inside the ico

[grinifols]

Yes, you never will know 100% the team may not raise the required amount and you too will be without pay. Therefore, risk is our everything.

[pedrog]

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

It is very easy, if it's an ICO you stay away from it. 

[patriot_rf]

Very difficult question if the person knows the answer to him, then he will become one of the richest, but it alas never happens. Whether there are no guarantees as in success of the company and in that decent organizers. It is risk without it anywhere. Personally I analyze opinion of several sources and I lean on the intuition.

[Afrizky R]

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

many ico categories are said to be a scam because of the games of people who want to capitalize on their own benefits

this is something we can not know and after it is completed then the project never realized and can be said scam
this is very painful for people who join the ico

[rickadone]

Next time try to google things you want to ask as I am sure that this question was already answered by many sources out there, even you have some very similar topics on this forum regarding your question...

For instance here is your answer that I easily found on cryptocompare: https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

The problem with a lot of new investors or those in this community is they cannot just do some research to be able to give an answer to their own question and this is why they always end up a victim of these so called scammers until they realize how foolish they have been for being allowed to be played. A lot of investors focus mainly on the idea of the project and forgetting if there is actually a team that can pull it off or if there is a product on ground and this is where they always miss it.

[mastersay]

It is really hard to identify when the ICO you participate is a scam or not. It completely relies on the team of the ICO. If they want to exit scam all the funds they can do that. But there a some keypoints that you can assume that its scam like, when you verify the team of the ICO you are participating is a fake accounts. When they didnt have enough compliance with the law. And most especially if the bounty manager that is holding a bounty campaign does have negative trust. You must be cautious on that.

[HoardApp]

If you are invested or plan on investing in an ICO, you need to due your due diligence. Do all the research you need and be active within the community. Stay sharp and always communicate red flags with the community.

[camryku]

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

I do not know because I see that many ICO projects are scam and that is caused by the many investors who take money from the many people who want to invest in ICO and with so many people who fail to invest in ICO because I know before we follow the project ICO is better we look from the white paper and the team that runs

[electronicash]

i don't know who started it but there used to be escrows who will hold the funds. also some ICOs are done by exchanges as well. now its hard to distinguish all these ICO that can potentially scam. these days i just reply to those team members and the product they had already developed. but even so some are still scams. i have seen multibot which did an ICO, i saw it had a working product but the dev disappeared still.

[darewaller]

Dear All!

As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!

It's really hard to tell whether an ICO will scam you or not but there are some certain measures that you should be doing before investing in an ICO. For you to be able to know about the project you should read the whitepaper for you to understand the nature of the project whether it is realistic or not. It is also very important to know the people behind working with the project. You need to research as well of the possible affiliates that this project have to back them up for their development. Make sure that the project will also address a certain problem that most tokens or coins wasn't able to deliver for it to be useful and have value when its launched to the public and always follow your gut feeling and intuition almost all of the time it's correct when your in doubt about investing into a scammy project.

It is sure hard to tell but pretty easy as well. Any project you cannot trust the team to give your money to, or gives you that second thought instantly no matter how sweet the project sounds, then you should avoid like plague. There are just some investors who are always fond of doing trial and error just for the sake of profit and this is where they always get it all wrong. The team, the project and all that encompasses it should not be left out and the main one being the team.

[blargh222]

no whitepaper. no team. no active social media. no blog. no articles. no roadmap

[Harriti]

I think it's really hard to know which one is scam project or not. For example, BITXOXO exchange ICO project look very professional but it was reported as a scam project ).

For now, scam project has interface look very truthworthy and it's not easy to detect. Don't trust any ICO listing site cause they're also promoting for these kind of scam projects.

[masterfocus]

In my opinion, another way to check is an ICO is PROBABLY a scam is its website: if it's poor designed, if there's not good security measures (like 2FA, for example), probably it means the owner isn't so serious about the project, so it's an indication of scam or bad project.

[eaglewhite80]

There are a lot of ways: whitepaper and researching the development team are some of the best ways for checking.

Whitepaper should always be the last in my opinion as that should even be read at your own leisure. However, the most important things to always take into consideration would be the availability of a product and the availability of a very good team. It is more like you trying to invest in a company and you really do not want to be investing in people with low experience or a lazy team with no product who are just looking for ways to scam people and get rich quickly by dishing out empty promises for gullible investors to invest in. By the way, in case you do not know, white paper can easily be dubbed.

[waterproof]

How can the ICO scams be identified?
I think this question is of interest to many investors. Earlier there were much fewer ICO and investors were easier. ICO passed for 1 one hour. Now, even a real project can not collect the necessary sum!