Jling1007 (OP)
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January 13, 2018, 07:36:01 AM |
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What are some red flags to look for on icos whitepapers and just overall project?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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kueyen
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January 13, 2018, 07:40:20 AM |
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Throwing too many buzzwords around has been a red flag for me many times. Most whitepapers concentrate on what they are trying to solve, using fancy expressions and buzzwords, but don't mention how they want to do it at all. You have to read between the lines to determine whether the dev team really has a properly working product in mind.
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tommydavis45
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January 13, 2018, 07:21:27 PM |
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Buzzwords with no substance, only appearing 2 months before the ICO, week team with advisors that have nothing to do with cryptocurrency, dodging of numbers in the white paper, claiming growth of their coin.
I think all those things are red flags and I am sure there are many more, that's all I can pull off the top of my head.
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lakimens
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PVxYGaa1UZM6oDqW3ZKe4Esi18DgwBpDkr
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January 13, 2018, 07:24:15 PM |
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I'll tell you one thing, at the start, whitepaper, working product, good team, nothing matters. A good road map and some marketing can do wonders, if it sounds good on paper, people will just hype it to the top. Most people don't read the whitepapers, just the front page.
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DosManos
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January 13, 2018, 07:31:10 PM |
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1 red flag is copy paste + not saying that there is a copy paste
other red flag is making things look too complex in purpose
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Genrix
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Merit: 10
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January 13, 2018, 07:38:20 PM |
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The biggest redflag is guarantee of future price increase. So, such speculation absolutely foolish,don't believe them
Another point is team , for instance if team doesn't consist with strong programmers and there are a lot of managerial positions,that's not so credible
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oscarrsm
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January 13, 2018, 08:39:32 PM |
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For me red flags are very important when choosing ICO. Not a good team without links to real profiles in social networks, a lot of nebula and no specifics in white paper. There are no known people or companies that support the project. And, if I doubt, I'm looking at pre-sale. Still looking for information in the Internet. If there is little or no information. That I'm not risking.
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sgenuine
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January 15, 2018, 04:53:00 PM |
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What are some red flags to look for on icos whitepapers and just overall project?
I watch with the biggest attention on the information in whitepaper about the team of the project. After I have got the names I just literally digging data about them in all accessible social media. It give me confidence that the project is real. |
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