Ico team, how to verify?

[Ranillo79]

Hello,  is there any tips from you guys on how was the steps to check the team if it real or just fake information. In an ICO or bounty campaign how would you do to verify those people like in linkedln. Your can see their skill and what achievement they have but i doubt it if all ICO is real. For suse there are some fake who uses fake names or profile



HELP,

[1714838202]

1714838202

[1714838202]

1714838202

[1714838202]

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[iamryan]

The first thing we needs to do is a thorough knowledge about what the ICO projects does and how beneficial the projects are we wish to invest in. we even need to gather the white paper which are easily available and accessible on the internet of the projects in mind along with info of the team. 

[sufiasyl]

It's very hard to different among real ICO and scams. Though a software has established to eradicate this. You can search it on google

[MicaleFalcon]

At first you will have to learn about the ico project then collect the white paper of the interested project. You can collect the whitepaper from the website of the project. There you will find about the team member along with their linked in profile. You can go the profile to have knowledge about them.

[anobtc]

Hello,  is there any tips from you guys on how was the steps to check the team if it real or just fake information. In an ICO or bounty campaign how would you do to verify those people like in linkedln. Your can see their skill and what achievement they have but i doubt it if all ICO is real. For suse there are some fake who uses fake names or profile


HELP,

You can check when their linkedin profile was created. If it just created for several months that's really suspect Then try to search their Profile picture (both Linkedin and Website), if it appeared on google popularity, maybe they were a fake team.

[Lora_ng15]

you can write to them in a linkedin or twitter, and ask if it's true that they are members of the team, so you can ask managers in telegram.

[dumplingsandsushi]

Contact them, as simple as that.
And then contact their contacts.

If there is no way to communicate with the devs, than stay far away.

Typically, the mode of communication these days is through telegram, but a lot of good icos will have devs responding directly to you.
It is important to ask very straightforward questions.
Think of it like you are the boss and you are interviewing someone for a job.

As why they are qualified, what experience they have, what "references" they have, etc.
Don't be worried if you feel this is rude or too bold.
The startups job is to win customers and investors and if they are serious and professional and are actually talented, they would never shy away from proving their business can succeed.

Then, go verify everything they said.

[EfganMiu]

you can write to them in a linkedin or twitter, and ask if it's true that they are members of the team, so you can ask managers in telegram.

I agree. There is probably nothing better by following this method to censor the publicity and accuracy of the project. Although, sometimes they will not respond to all the information they want, but enough to evaluate the team devs.

[Etrilicious]

Hello,  is there any tips from you guys on how was the steps to check the team if it real or just fake information. In an ICO or bounty campaign how would you do to verify those people like in linkedln. Your can see their skill and what achievement they have but i doubt it if all ICO is real. For suse there are some fake who uses fake names or profile



HELP,

Here is what I found out when I first came into crypto.
1. Company Legal Structure
Check if the people conducting an ICO have formed a company & registered it in the country, that they want to operate the business in. Lots of ICOs are creating shell companies abroad in order to escape legal investigation. Stay away from such ICOs.
Check if the founders reveal the address of the company on the ICO site. If not, then they do not have an office & are operating from a garage. And ask yourself — do you want to invest your hard-earned cash in an ICO, which wants to hide its identity?

2. Informative Website & explainer Video
Check that the website is done professionally & is not another WIX template. It should be responsive & intuitive. I am a big fan of good designed website but the question you should ask is, if the team doesn’t even bother to design a decent Website, then imagine how much fun they are going to have with your investment.
Check if you can understand & explain the concept of the ICO to your non-techie friend. Most of the dishonest ICOs will confuse you in the first 2 blocks & make you think that they are reinventing the world. There have been ICOs trying to stop time & put teeth on a blockchain.
Explainer Video should explain in less than 2 minutes, what the hell this thing on the blockchain does. If the Video is not done professionally then either you make one for them or send them begging somewhere else.

3. Prototype or Product
Now this is becoming more & more important. If the team can’t even program an app or a prototype to present you, then kick them out of your investment list. Just having rotating JavaScript objects on the website is not enough anymore.
ICOs which have a working product are always a good choice. They bring the experience & knowledge to develop the product that they promise to the investors.

4. Business Cases
90% of the ICOs have no real business cases except for raising money for Hookers & Lambos. If you cannot find a single use case that is practical & can be implemented in the real world, then stop supporting these teenagers who dream of retiring at 18.
Think about how the company is going to implement these use cases & what risks are involved. If your idea is dumping this ICO at an exchange the moment it is listed, then don’t care & skip this article.

5. Smart Contract Code
If the ICO is not revealing their Smart Contract code, then either they don’t have a developer & they just copied the code from another ICO or they have unstable code which might have security problems & you could end up losing all your investment.
Good ICOs always share their GitHub repository & gets the code audited by the community. Also, investors can look at the smart contract to determine, if the token sale conditions are exactly as promised.

6. Token Sale Information
Token Sale information should be clear & precise.
Number of tokens generated & offered is very important. Most of the people think that getting 1000 tokens for 1 ETH with a circulating supply of 1 Billion is a great bargain. Actually, it is not. The smaller the number of total tokens available, the bigger chance it has of reaching to double figures. Just look at the list on Coinmarketcap.com & you will see that tokens, which have less than 100 Million circulating supply are flying to the moon faster.

7. Team Information & Experience
Strong team & vision is important for success of any company. No matter how much money you have. I have worked on $500 Million projects, where the team was completely inexperienced & management just bunch of wankers, money could not stop the failure of the company.
Invest in entrepreneurs who have achieved something on their own. Look at how diversified their team is & whether they could make this project a success for you.
Look if team photos & LinkedIn profiles are shared & really traceable. Just to give an example, Monetha ICO put a lot of important people on their website but their LinkedIn profiles did not mention that they work for Monetha. Lots of scam. So be careful. Don’t care much about the advisors on the website, unless it is Elon Musk, Bill Gates or Vitalik Buterin, & that they confirm that they support this ICO. You can buy advisors like bananas on a market.

8. Clear Roadmap
Check if the team has mentioned a clear roadmap on the site or in white paper. Also check the history of the roadmap. Scam ICOs normally have roadmap starting with preparation of ICO. If these junkies have never done anything except for planning the ICO, then stay far away from them.
Check if the roadmap is really practical. Most of them will mention very optimistic plan.

9. Detailed Whitepaper
Well documented white paper is like a business plan, which investors should be excited to read about. If the team has not put effort in documenting what their goals, vision and revenue model is, then they don’t really care about their business.
Investors are likely to invest in an ICO with good white paper than in a research paper.

10. Good Social Media Presence
Check the social media presence of the ICO. It is very easy to buy fake followers & have bounty hunters praise you like god. Important is if they have decent posts & interact well with their followers & answer their questions professionally.

Listing sites are also very important. Many listing sites also rate the ICO, like ICObench.com. Check if the ICO has at least score of 4 + on any rating site.
Finally, do your own research but this 10-point checklist should help you assess an ICO. This list is what I follow to make my next profits from ICOs. Remember ICOs & cryptocurrencies are extremely volatile & don’t bet more than you can afford to lose.

This is what helped avoid scam team.. Hope it helps you too.
I didn't write the article tho written by Crypto Reviewer.

[Natalia200]

You can check the photos. There are special services, someone posted on bitcoin. There are cast photos and service is looking for where those photos were published

[denis-z12]

Find them on social media and check their biographies. If they are successful they must have worked in other businesses, firms or projects. Check those projects and make sure they are mentioned there as well. Check their twitter and linkedin profiles and when they were created. If they have been active for many years they are trustworthy. If the accounts were created a few weeks ago, or months it could be a red flag. Everyone who is successful in the business world these days has an impressive linkedin profile and it wasn't created 2 months ago! 

[Cryptodiscuss]

Useful info, but from all above posts, there is no way to verify team members for sure!
Scammers are putting their photos and social media acc and when they cash out they just erase everything! There should be database of pictures and names of every team member of every ICO, so we can search them there to see if they are reliable or scammers!

[chocopapaya]

Linkedin is only a tiny start in verifying a team.
As you mentioned, it is easy to have a fake profile or a profile that has a little truth, but a lot of lies.

The best thing you can do is to verify the business itself.
If it is real, professional, and legitimate they will be registered as a business in whatever country they are in.
All you have to do is check the official records which are public and can be checked by anyone in most countries.
If you don't know how, just google, "How do I verify a business license or registration in __________."
On these official records will have the real names and address of the business.
check to see if it matches the info the ico is giving out.

You can also do a quick google on a person and see if they have an online presence beyond linkedin.
If they don't, that's a red flag.

And, of course, you can contact them directly.
If they can't be reached and you can't talk to them directly, that is huge red flag.

[Fika15]

Not easy to checking some ICO which good and scam, I'm just trust ICO drop and ICO track

[plr]

This is very tricky sometimes these scammers will create a fake profile months before they launched their ICO as a preparation for their ICO sometimes five months and sometimes these are real profile and they on to scam people so we have to be wiser than these people.

[DisBITcus]

This is a common problem for many investors in ICO. Find a decent, good team. What brought good reputation and income. But unfortunately, it's hard. So always look at the operations of this company already conducted. Then it will be more clear how this team will lead with you.