avoiding ICO scam and frauds

[xenomorphe1]

You should try to look at EVN. It was a very hyped ICO. If a project promise you great profits, there is a chance that it becomes a scam.
You can't really know when a project is going to transform into a scam. Who would have think that it was going to become a scam?
But human greed is the worst thing.

[Mame89]

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.

Yes, my friend what you say we can not distinguish ourselves which ico is a fraud and which is genuine because the scam project already has a mature strategy also to be able to trick someone so they are sure of the project besides that we also really need once the local community may be in the presence of local communities we can exchange opinions and conclude which ico is scam and which ico is potentially ..

[Baoo]

Honestly, the scam ICO is one of the biggest issue which is widespread in the field of cryptocurrency, and  regrettably, many are easily fooled because they are very greedy, that's why the scammers  earn a lot of money and they do not even lose a large proportion of money when making the website, whitepaper .. of the scam ICO.

Furthermore, you can know if the ICO is scam or not, when you have a good knowledge in that field, and if you are professional, you can read the Whitepaper and search for the technical information which helps you to find out the truth of the ICO.
Be careful, I advise every beginner (especially who  know the basics) to stay away from investment in ICO, because there is a great possibility that they will lose a big amount of their money. And trust me, knowledge can help you a lot in order to take a shortcut way to the success.

[wxa7115]

Honestly, the scam ICO is one of the biggest issue which is widespread in the field of cryptocurrency, and  regrettably, many are easily fooled because they are very greedy, that's why the scammers  earn a lot of money and they do not even lose a large proportion of money when making the website, whitepaper .. of the scam ICO.

Furthermore, you can know if the ICO is scam or not, when you have a good knowledge in that field, and if you are professional, you can read the Whitepaper and search for the technical information which helps you to find out the truth of the ICO.
Be careful, I advise every beginner (especially who  know the basics) to stay away from investment in ICO, because there is a great possibility that they will lose a big amount of their money. And trust me, knowledge can help you a lot in order to take a shortcut way to the success.

This is sound advice, newbies are not ready to invest in something as risky as icos, the profits we can get are incredible and sometimes it may seem unreal but at the same time very few people take the time to think about what that means and where that money comes from, if you earn a huge amount of money it means that someone somewhere lost money, so most of those that invest in icos need to lose money.

[Duzter]

When you wish to be away from ico scams, try to understand as much possible the project team and the way they take forward to the people. There are ico's that doesn't have any Ann thread, but they do direct messages to the public to invest into their ico. Those were traps where newbies easily gets caught. It's our responsibility to stay away from those kind of ico's.

[28days_ever]

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?

Nobody is immune from fraud and hackers in this technology. There is no regulation and this is used. Usually you need to analyze more than the road map and the soft cover of the project and the number of participants and the team. But again this does not give a full guarantee that you will not be deceived.

[micko09]

it is very hard to identify the ICO is a scam. Nobody knows if its safe or not, Reviewing the whole content of a whitepaper is not a guarantee to ensure an ICO is legal. Maybe we can check by searching there rates or even the team member before we engage an ICO.

[Lock00Live]

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.

Yes, investing in an ICO with a team will make us more successful and bring us to early success. If we are alone we can hardly detect a fraudulent ICO. Take advantage of all the potential for a perfect ICO project.

[Re.won14]

Reading white paper is really boring and is hard to do but this is a good thing to spot fraud. What i usually do is see and follow a team which i trust and see if the road map can seems to happen.

[solarion]

Reading white paper is really boring and is hard to do but this is a good thing to spot fraud. What i usually do is see and follow a team which i trust and see if the road map can seems to happen.

When you able to spot out the good or scam project means you do not need to look about the ICO projects. When you go to check the white paper you can find the 10 and more pages in the pdf file bro. All you need to check about the core team and development candidates.

Then check some of the team members LinkedIn profile which is given on announcement or in white paper. That will allow you to show the project legibility to the investors. If find newbie account there you can shift down to other projects.

[asritajudin]

I use same strategy when choosing an ico because the rate of fraud is too much and I also follow my intuition, check the developer and management team, I even check the previous works of the manager and their success story with icos. Some icos have very good whitepapers because they are well developed to attract investors but they later turn out to be scam. It is very necessary to be patient and do a deep research about a project before investing in it.

[Mr.Stinson]

identifying an ICO scam is getting harder and harder. studying the Whitepaper is by far not enough. you should also consider going through the website, telegram, teammember, do some research on the teammembers.

And if you have any doubts simply dont invest. i just put money into ICO where i am 100% sure it is not a scam but you never know. sometimes even the best feeling can be proved wrong.

[Lighthouze]

It's hard to avoid fraud ICO's and scams. But it's also easy to spot them. Some of the ways to avoid scams is to ensure that you follow the happenings in the community and see how they engage with them. Live AMA sessions are also very vital as you get to interact with the team and ask them direct questions. Don't ignore reviews about them as well

[wxa7115]

It's hard to avoid fraud ICO's and scams. But it's also easy to spot them. Some of the ways to avoid scams is to ensure that you follow the happenings in the community and see how they engage with them. Live AMA sessions are also very vital as you get to interact with the team and ask them direct questions. Don't ignore reviews about them as well

Avoiding the most obvious scams is very easy, since there are going to be many red flags that something is wrong and you can avoid them, the problem is that scammers are getting really smart and they are copying other projects so you may be scammed by a project that copied most of its details from a successful ico, so in paper the ico looked great but that was only because they stole the work of someone else.

[mdgabrielzim]

Nowadays it is extremely difficult to predict such a thing. I also adopt the same posture as you, I check the WP, I check the whole team, and I also check how the community is reacting on the currency, but even with all this the chance to be a fraud and very big because even if the coin is launched it may still not reach its apex, either for lack of work or lack of ideas in its conception.

[kateycoin]

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?

It's Important to make a research before we join a ICO investment so we can avoid the scammer or frauders. Like you said the researching their team, roadmap and white paper is the one important to know if it's a good and have potential project.

[dunfida]

It's hard to avoid fraud ICO's and scams. But it's also easy to spot them. Some of the ways to avoid scams is to ensure that you follow the happenings in the community and see how they engage with them. Live AMA sessions are also very vital as you get to interact with the team and ask them direct questions. Don't ignore reviews about them as well

Avoiding the most obvious scams is very easy, since there are going to be many red flags that something is wrong and you can avoid them, the problem is that scammers are getting really smart and they are copying other projects so you may be scammed by a project that copied most of its details from a successful ico, so in paper the ico looked great but that was only because they stole the work of someone else.

They are getting smarter as the time goes by because once methods being busted by scammers they would stup up and improved the way of scamming which as an investor it would already hard to find out which one is the legit and which one is the fake one. They are finding new ways which arent still known by most investors thats why scam ico do still exist nowadays and we should really cautious on investing. Always research and be observant on all sorts.

[Diablomania]

It is not to easy to avoid them if we are honest in here, most of the times we fall into those scams because we want to make as much money as possible, and that is it

[kolonel_x]

yes you are right the team is a consideration in choosing the ICO, but sometimes it does not always run smoothly. CENTRA know how people sick because the coin

[SPINPIX]

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?

that's a good strategy, i almost the same checks, i use to avoid all the projects with strange ideas that have the blockchain inside them just for grab some money with the ico, then i avoid all the projects that promise incredible things like one million transactions for second. For the team analisys i suggest you to make an account on linkedin to check all their career and control if it's real