avoiding ICO scam and frauds

[akitha]

avoiding scam ico is very difficult.. even the team have faces on their website but we don't know if they are the real ones.

[chip1994]

In the past, I have often observed reports of the number of tokens sold at each stage with the roadmap and whitepaper to assess whether the ICO project has the potential. But since I know the amazix team, I always choose their ICO campaigns because most of them are not the scam and have great potential.

[SunJAB]

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.

The cryptocurrency market is having too many ICO projects formed so the quality of these projects is very low. If you want to invest in ICO in this period you need to spend a lot of time to study good projects so invest. You can consult from experienced investors to choose a good project.

[creeps]

avoiding scam ico is very difficult.. even the team have faces on their website but we don't know if they are the real ones.

Its hard but we must avoid it so we can save our money from those scammers. You must make your own standards on investing in ICO's and must be done properly. It's better to put some time reading the details of every ICO than to scammed, we all want to lose our money for nothing.

[KuraJamban]

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?

To avoid ICO scam, I chose an ICO that gets a good rating on some ICO Rating Portal like icobench, icotracker, tokenmarket etc. Also, see from partnership and media publication.
It's just my opinion. CMIIW

Are you really sure that ICO rated website like ICO bench, ICO rating, etc are giving us real rating?
I have been joined many ICO and bounty and most of them have a Great rating (almost perfect) but when the project run they start to act strangely and yeah ... it goes scam and sometimes not reached their softcap because of bad product and marketing they give.

[selline]

Avoiding the deceptive ico is sometimes a bit difficult because we must be able to check every part there. team and also company. usually we can read reviews from a site to find out ico is good or not

[RankerCan]

Avoiding the deceptive ico is sometimes a bit difficult because we must be able to check every part there. team and also company. usually we can read reviews from a site to find out ico is good or not

So there is a risk associated with every ICO and we have to take that risk in order to book our profit.

[fia_naila]

You also need to see their activity on github and on every blockchain event. If the developer much appear in blockchain event it is small chance to become scam but still there is chance the project could fail. Every ico have a big risk because cryptocurrencies is still on beta. Whitepapper also can be made to make us sure to invest. Dont be fooled by whitepapper.

[metalglowd]

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?

more or less almost the same as that. first I see for the tokensale, usually I avoid for ICO with a lot of bonus but by giving certain purchase terms. In fact I had read that Vitalik does not recommend to follow ICO like that. Second there are team members. Their identity must be valid, whether they are experienced in crypto, and most importantly whether the photo and identity are valid. Roadmap and the rest depends on the type of project

[tabas]

Knowing who are the team members can be the best way to know if the ICO is a fraud and if they are composed of scammers.
From the very start, knowing if there's a scammer part of the team that project will be heading to the pitfall.

[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.

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.

Very sorry there are new rules related to bounty, they will not accept any more articles and social media campaigns.
this is bad news for bounty hunter.

[droptableguy2]

Avoiding the deceptive ico is sometimes a bit difficult because we must be able to check every part there. team and also company. usually we can read reviews from a site to find out ico is good or not

There are many ways to detect an ICO fraud, we can analyze their website and the community they are operating, a potential ICO they allocate and present their site fully information and logic. Not as cluttered as poor quality phishing scams.

[Pattart]

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.

Actually ico investment is still very profitable. I once bought a token ico with a good project and a cheap price and when it was launched and the coin was listed in exchange the price was several times higher than when you buy while still ico. you just need to be careful in choosing the right ICO. there are many tips to avoid buying scam ICO like looking at roadmap, team formation, etc. you can search and read it

[kenzio2016]

i think right now it's just one in a hundreds ico that scam. the real problem is if the token sale going well and the exchanges price

[sehoon]

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?

I also use the same strategy that you do but in addition, I also ask for experts' advice when it comes to projects. I consider my self as a new member of this cryptocurrency community and I still have a lot to learn. There are also communities in Telegram which will help you to judge whether a project is a scam or not. And some people are doing some ICO review that is available in YouTube.

[dollarneed]

Actually it is too hard to identify that the project is a scam or fraud, however you can do your own research for example checking the team behind that project whether they are real or not, check their social media, LinkedIn account etc. The next step is to analyze the project, is the project will be successful? you can check their whitepaper, asking the community, reading some ratings on the website etc.

[TobiasVR]

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?

I always use a more selective strategy, including a strategy that looks more detailed and clearer to the ico. can now be decided if before choosing ico must believe if the concept, team and all have a high success rate. so I think this can be used as one way to avoid scam ico and fraud.

[cramcram21]

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?

Well that is the only way to determine if they are scam or not read their white paper and road map,
Then search their team member and their team advisory ,
But even if we do that there are times that we could still be scammed because they could use a fake identity .

[toygama]

it is very difficult to distinguish the promising ico and ico scam. researching the entire contents of a whitepaper is also not enough to ensure an ico. I am also confused to make sure, maybe we need friends or local community to ensure or decide an ico that we will choose.

Absolutely agree mate, local community helps  a lot of choosing a promising ICO as what we already practice we formed a small cell a group of friends helping each other giving input about the crypto world.

[wxa7115]

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.

While good managers try to make a research about the project because they do not want to taint their own reputations at the same time it is a mistake to rely only on them in order to tell if there is something wrong with a project, do your own research even to those projects that have good managers that way you will avoid most scams, I know it is time consuming but if you care about your time and money you will do it.