avoiding ICO scam and frauds

[nelmari]

I check the website if there is something wrong with their ongoing ICO as well and sometimes if the amount is too good to be true then there is a hige possibilitybit is a scam.

[CopMom]

To choose a potential ICO, avoid participating in the fraudulent ICO project, you should see who is managing the ICO project manager, if the manager is known as amazix, yahoo, deadley, cheus, hotachy then the  ICO project is very potential, the risk rate is very low. Also be sure to track the tokens sold over time on ICO, to see if the ICO project can reach a soft cap or hard cap.

[abanansah]

 I go beyond whitepaper and check their ICO ratings that if it has verify the team members. A verified team member are unlikely to scam or run away. Apart from there, If I check the community management, if there is a consistent updates on team work.

[RankerCan]

Based on what is posted on this thread so far. I would give marks to following ( 1 is minimum and 10 is maximum)

Whitepaper  -  6
Team - 7
Community - 9
Information of website - 7

[riaruhs09]

yes I also do that, look in detail white papers, team members and road maps. but here I also usually do predictions about community feedback about the project because it will largely determine the future of the project.

[Gypat]

Scammers are such that they plan and try to think ahead of everyone and so it is very difficult to identify a scam ICO. In one way or the other, we may a day fall victim to such people but we can protect ourselves with vigilance and a thorough research into the project focusing more on the team members

[ymirymir]

We all are well aware of ICO frauds.

I use the strategy to start with a whitepaper, see team member details and the roadmap.

What strategy you adopt to make sure the ICO is not a scam/fraud?

Honestly, it is really difficult to distinguish whether an ICO is a scam or not. Even if you check the white paper, or even check the team's profile, some ICOs make excuses to avoid delivering their project after gathering funds.

[Glory90]

We all are well aware of ICO frauds.

I use the strategy to start with a whitepaper, see team member details and the roadmap.

What strategy you adopt to make sure the ICO is not a scam/fraud?

my strategy is to verify the truth about their team, advisors, and project partners

team: usually, the scammers do not want to show their true identity, I'll check about team information such as Linkedin, twitter, and so on
and and check about their seriousness in promoting the project, usually serious teams will participate in public events such as Blockchain conferences
advisors: verify their claims about project advisors, eg the project claims that their project advisor is John McAfee then I will ask the truth about it on John McAfee's official twitter
partners: verify their claims about project partners, for example, the project claims that they have partnered with Bancor, so I will verify it by asking the truth to Bancor through official contact

[mamesso]

I really trust the Amazix team, they have a large investor community. they are very professional in managing an ICO.
why not try it and prove it.

[kopisusu]

We all are well aware of ICO frauds.

I use the strategy to start with a whitepaper, see team member details and the roadmap.

What strategy you adopt to make sure the ICO is not a scam/fraud?

no app or any feature can predict the existence of true ico or scam we have to do all in private and must be careful in determining a project ,, i do according to what you have done before

[shesheboy]

We all are well aware of ICO frauds.

I use the strategy to start with a whitepaper, see team member details and the roadmap.

What strategy you adopt to make sure the ICO is not a scam/fraud?

no app or any feature can predict the existence of true ico or scam we have to do all in private and must be careful in determining a project ,, i do according to what you have done before

i think there is . I heard a website lately that list all legit ico's , they also list the bad ones or that may potential to become a scam ( you may try to google it because i forgot the name of that site ). Even here on the forum i do also see a thread that filters out the good and the bad ico's .  but despite all of these methods or suggestions , i guess it is still much better if we can do a short research about their info before we decided to continue so that we can be sure that we are chosing the right one.

[energodar2019]

I've never been caught by ICO scammers. When I evaluate ICO, I try to invest only in those where a strong well-known team, a good product and there are reviews of analysts on the project!

[yecats]

I really trust the Amazix team, they have a large investor community. they are very professional in managing an ICO.
why not try it and prove it.

Me too   very much trusted  group. And their team are  very  approachable. I'm also suggesting Amazix bounties  to everyone  and Join them. You may visit  their website  for more info about their bounties here https://bounties.biz/  and also join them on   their telegram channel https://t.me/amazix_bounties. I also  check  websites  for  me  as  one way  to determine  if the bounty is scam  and also  double  check  white  paper and  their  team  one of the  factor  upon checking  bounties.

[Zachwolf]

sometimes ico scam is the same as ico that is not a scam, until now i have not been able to distinguish it, start from white paper team or se detail detailing in white paper. we need friends to exchange thoughts, we here have bounty hunter grub and this is where we often exchange thoughts and exchange links bounty.

It is not easy to define if that ICO is scam or not because we can believe that they are promising ICO's due to their platform and how they promote it to the community of crypto world.

[BITSPANISH]

At first I don't think check WP is really work cause it's not too difficult to create a perfect WP, they just need to copy WP from another project then fix it a little bit or they can pay money for everyone to write a good WP for them. Beside about checking dev team member, I also think it's not a good way to find out scam ICO project cause they can fill everyone in their dev team as they want . Do you know every single person in this cryptocurrency world? I don't think so ).

[ashaksagnis]

First of all i m trying to check all about team if they are legit etc. Then i m trying find out about community who participate .

[worle1bm]

We all are well aware of ICO frauds.

I use the strategy to start with a whitepaper, see team member details and the roadmap.

What strategy you adopt to make sure the ICO is not a scam/fraud?

Differentiating between real and fake ico has turned so difficult nowadays. Professional whitepaper writers nowadays write top class WP for very cheap so it is difficult to predict from WP that project is legit or not. Also faking team is too easy. So my suggestion is to go after projects which have already completed ICO and in development stage. Such coins are still low priced and have huge potential of rising.
Remme is one such project which after a successful ICO is now in-development stage and easily recognizable as legit ICO. There are infinite profit opportunity wiith Remme in future and worth investing.

[pinoycryptoes]

A lot of ICOs are becoming scam after they collected raised money and make a strategy to exit, like making an excuse that they been hacked or error with their system.

Better to avoid this scams and invest your hard earned money on trading.

[dogandogru]

1.   Watch out the team working behind the ICO properly. You should careful read about the qualification, expertise, skills and experience of the team members.
2.   Don’t get along with the high goals. The unrealistic gals are mainly scams.
3.   What is the project? The idea behind the project should be new and interesting.
4.   Whitepaper should carry all the information about the project. If important details are missing, it could be a scam.

[mistajackson]

You can use resources like Verified ICOs and picolo research to gauge whether an ICO is legit or a scam.