HOW TO SPOT SCAMMY ICOS?

[poutintsev]

Read how to spot scammy ICOs!

https://medium.com/@filip.poutintsev/red-flags-of-ico-cf21b99cbe56

[Guvn0r]

Read how to spot scammy ICOs!

https://medium.com/@filip.poutintsev/red-flags-of-ico-cf21b99cbe56

2. Anonymous project.

If you want to scam people, best way to do it is by hiding your identity. Therefore you should never trust a project that does not display it’s team members, company information nor physical address. No matter how good the project seems, there is a reason why they are hiding their identity.

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

[xenomorphe1]

Sometimes, not anonymous team members ICO are also scams. And some anonymous ICO were not scams.
You can't really know if an ICO is a scam or not until at least 1 year.

[Yipsdow34]

Read how to spot scammy ICOs!

https://medium.com/@filip.poutintsev/red-flags-of-ico-cf21b99cbe56

2. Anonymous project.

If you want to scam people, best way to do it is by hiding your identity. Therefore you should never trust a project that does not display it’s team members, company information nor physical address. No matter how good the project seems, there is a reason why they are hiding their identity.

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

Actually, there was one project that showed even the personal address of its owner. Sadly, it was still a scam. It's best to check past projects of these devs and their communities to be sure.

[vermigerous]

What you need to do is trust your instinct and always always invest only what can you afford to lose or else if you got carried away with your greed you'll end up getting scammed and no one here can help you.

[butka]

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

This is quite right. If the team members are seemingly there, that's no guarantee the project is legit. They could be fake personas. Just look at the website of the fake howeycoins ICO recently created by the Securities and Exchange Commission. The team seems to be listed (even though without Linkedin accounts or any other details), but of course the identities are fake.

[HoaNguyen]

Read how to spot scammy ICOs!

https://medium.com/@filip.poutintsev/red-flags-of-ico-cf21b99cbe56

2. Anonymous project.

If you want to scam people, best way to do it is by hiding your identity. Therefore you should never trust a project that does not display it’s team members, company information nor physical address. No matter how good the project seems, there is a reason why they are hiding their identity.

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

It's hard to know cause at the moment there are a lot of scam ICOs use fake identity for dev team member or they use identity of other famous people to make up for their project ).
It's really hard to detect which projectt is scam at the moment IMO .

[qazgroup]

There are many ways to spot red spots, i will give recent example of hashcard, who tried to push things and raise more and more funds and for that they announced that Binance has confirmed their listing which many believed and invested in hope gor gains but the experienced know that no established exchange confirms any ico coin and when people contacted binance they termed it as fraud and announced that this is not true, now hash card project is in disarray and the chances of refund for investors are very less.

[poutintsev]

2. Anonymous project.

If you want to scam people, best way to do it is by hiding your identity. Therefore you should never trust a project that does not display it’s team members, company information nor physical address. No matter how good the project seems, there is a reason why they are hiding their identity.

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

Yes it's possible to buy fake account and scam people that way, this is why you should dig a bit deeper and check if they have any other social media profiles, or other online presence.

But anonymous team is still a very clear sign of a scam. Perhaps of a bad scam, since they didn't even bother to buy those fake accounts, but still a scam.

[cakmabokgot]

I don't agree with "8. Homogenous team" at all.
Most of the solid chinese and russian projects only have chinese or russian team. Close countries tend to have domestic members.
And sometimes a really homogenous team seems suspicious to me, this is not benetton this is crypto world. Yes a big project with a high market cap should have a homogeneous team, should appeal everyone around the world. But a small cap normal project doesn't have to be especially at the begininng

[silverleafy]

Read how to spot scammy ICOs!

https://medium.com/@filip.poutintsev/red-flags-of-ico-cf21b99cbe56

2. Anonymous project.

If you want to scam people, best way to do it is by hiding your identity. Therefore you should never trust a project that does not display it’s team members, company information nor physical address. No matter how good the project seems, there is a reason why they are hiding their identity.

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

But they could hide their identity and act as someone else.
Buying and selling identities is common.
Then it's hard to find out who really stands behind the project.

[poutintsev]

Sometimes, not anonymous team members ICO are also scams. And some anonymous ICO were not scams.
You can't really know if an ICO is a scam or not until at least 1 year.

I can't come up with any reason why one should do anonymous ICO, unless you plan to scam people. Honest businessmen don't need to hide their identity.

[passwordnow]

Sometimes, not anonymous team members ICO are also scams. And some anonymous ICO were not scams.

Most of them are.

You can't really know if an ICO is a scam or not until at least 1 year.

Even the assumed trusted developers are also being exposed as scam, just review some of it from the past.

[ItsEzMkay]

Sometimes, not anonymous team members ICO are also scams. And some anonymous ICO were not scams.
You can't really know if an ICO is a scam or not until at least 1 year.

I can't come up with any reason why one should do anonymous ICO, unless you plan to scam people. Honest businessmen don't need to hide their identity.

But in the same breathe if you are collecting a large raise, I doubt you would want everybody to know who did that. I would only reveal my identity if I didn't have control of the funds, because I would fear getting kidnapped every single day.

[poutintsev]

I don't agree with "8. Homogenous team" at all.
Most of the solid chinese and russian projects only have chinese or russian team. Close countries tend to have domestic members.
And sometimes a really homogenous team seems suspicious to me, this is not benetton this is crypto world. Yes a big project with a high market cap should have a homogeneous team, should appeal everyone around the world. But a small cap normal project doesn't have to be especially at the begininng

Like I said the article:

It's not always a red flag, I'm just skeptical in this case, and perhaps would do more research.

[antolinicio1]

Yeah, that's a great article. But I will tell you that 90 percent Russian  ICO is  scam , so try to avoid them.

[Mymikagab]

Yeah, that's a great article. But I will tell you that 90 percent Russian  ICO is  scam , so try to avoid them.

Really? Oh my a so many russian ico,i see lot of them so active and try to scam,but not all scammer.Let me just say  its hard to know who is the scam ico,at first they active after few month they run

[carlfebz2]

Read how to spot scammy ICOs!

https://medium.com/@filip.poutintsev/red-flags-of-ico-cf21b99cbe56

2. Anonymous project.

If you want to scam people, best way to do it is by hiding your identity. Therefore you should never trust a project that does not display it’s team members, company information nor physical address. No matter how good the project seems, there is a reason why they are hiding their identity.

This isnt always the case, I have always felt suspicious of ICOs when they link to the team members linkedin profile. Well, this may be legit in many cases as they want to build a positive trust by showing off the team. But, I also have seen people buying 20-25 old linkedin accounts through this forum.

Any digital goods can really be bought online which these kind of circumstances on where Linkedin account can really be bought too this is why we cant still assure that they are legit ones. Scammer or shady ICO nowdays becomes too more professional even on my experience after all these years im still able to deceived by a fake project, which if you tried to check out all indication looks legit team,project,roadmap,wp and other related things but it still ends up to be a scam.

[zabisux]

Do you know what is best way to spot scammy icos? You should just look into developer team. Many good icos have great team members and links to their profiles on facebook & linkedin. This is enough..

[rupesh2]

it is going more and more hard to spot scammy ICOs bcoz earlier they use to scam with fake profiles and pics .
now they comes up with everything real but without any experience and vision , just they give bonus and pay youtubers for videos and create fake hype .
people buy those and later find team do nothing serious to that project .

so we need not to spot scammy ico , change the strategy . we need to spot best icos with expert team members , known face of blockchain industry , known youtubers giving review of those . top scorer in spreadsheet of all ICO experts , real project with something different from competitors , etc .