Tips on how to avoid Scam ICO's?

[iconoclast]

Nowadays, Many scam projects exists it is because lack of securities/regulations i think Bitcointalk  should implement this Rules and Regulations for the sake of us investors, Bounty Managers, Community Hired Admins, as well as Bounty hunters who give their full effort to promote the running projects.

Tips on how to avoid scam projects;
• You should better look their Website read each carefully thus the implementation of views, missions, and concepts of the project's is realistic.
• Look for the information that is real and should fit to their goals.
• Look on the Whitepaper for full information if you see lack of information that is need and seen not realistic.
• Look their Community and Social Links weither it is exists and running not fake.
• Look for transparency as well.
• Concised ideas and implementation
• Real acccounts and exists Team members on their different Socials.
• Running Activities and Should look if they Stick to their plans accordingly to the Roadmap & Whitepaper.
• Do your Own Research as well.

I disagree, I would not want some third party deciding who gets to list their ICO's on bitcointalk. I think the current rules they have work just fine. As an investor it is up to you to do your own due diligence on the ICO's prior to investing. If you see an ICO you are considering investing in check the "Scam" section of Bitcointalk to see if anyone has found any issues with the ICO.

[andthereyou]

I would like to add, if they list any partners. You can verify if it's true by sending an email or asking directly in TG of their partners.

[newgal2017]

ICOs are inherently risky because they are not regulated, making them vulnerable to fraud. Scammers offering an ICO will attempt to drive the price of the cryptocurrency up to a particular point, at which they will sell their entire interest.

These are some of the signs:
1. Weak Website or White Paper
2. Absence of Named Developers or Team Members
3. No Clear Roadmap
4. Skewed Mining Structure
5. Uncapped Fundraising Goal
6. Evidence of a Pyramid Structure

Source: mobidea.com

[hasmukh_rawal]

Well, the best way is to actually read the whitepaper.
Normally, if the whitepaper has an actual white background and is dense, boring, and hard to understand... You should be good!

If the whitepaper is more like a sales pitch or super short without technical details- then its most likely a scam.

How hard would it be to copy some projects whitepaper and then alter it's content to an extent that the people believe that it's a real whitepaper.
A good project has a whitepaper as you mentioned above but then there are still other things that should be kept in mind while inspecting an ICO for whether it is a genuine one or a fake one. OP has mentioned some good points which could benefit our research over ICOs.

[Dima95]

quite usefull tips. however, i`d like to add few from myself. watch carefully for project`s idea. it should solve real problems like blockchain does

[kidamazo]

Very useful, thank you. The only thing that I am doing in is this purpose, is sticking with particular bounty manager, or a couple of them, that I would be sure that they are leading a non-scam Bounty.

[truemeren]

We must understand that there are indeed many ICO scams in reality. I personally think that before investing, we must start by carefully reading the white papers of the ICO project, check the authenticity of the team, the legality of the ICO project, and carefully evaluate the prospects of the ICO project. Help avoid ICO fraud

[cryptobae10]

The tips are spot on and I learned a lot from it
But the issue truly is who are going to follow those tips

Nowadays we have newbies who will go extreme just to get a token
Without proper research work
So there’s less that can be done to persuade people to learn

[yayat]

I think the development team will be the best choice to see the ICO SCAM or not because all of that will be clear.
For example, in the ICO project, there is Vitalik Buterin, so I don't think the ICO will become a SCAM.

[Usafstar]

For avoiding scams you first check that the projects is creative or it is just a copy paste project and identifying scams is not an easy but it requires time and work so i would like to use crypto and before investment or buying some investment we must check the kyc report and then world on the value and potential of that coin for future.

[deppil90]

good idea, Bitcointalk must tighten the rules for every ico that will promote through this forum, there are many scam projects that deceive investors, we realize the crypto world does not have a security agency that guarantees all this