How to identify SCAMS? Got in one :(

[NeonXL]

There's no specific technique to identify scams. But, i saw a software which can do so. I don't know whether its reliable or not. You can search it on google.

it is not a guarantee, all fraud happens in because of the developer ico itself, to identify it is very difficult, in searching ico who does not cheat that must be known is a developer that has been trusted and has good repotation

The KYC procedure for developers, some kind of "regulatory framework" (maybe SEC) = a good guarantee. Not 100%, but very good. And yes, the chance to fall for the bait of scammers is very big today. But even a small security guarantee is already a lot

[VuLDK]

A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?

To determine where the scams are not too hard , but it's not easy to detect it. Especially for new people entering the virtual money market. To identify a con project , find out the information about it , home founders , market capitalization, detailed information about the founders of it , the development plan as well as the future orientations , see if it's appropriate and feasible. If you find suspicious questions , they' ll help you. Good luck

[shiningn0t]

Spend a lot of team reading basically. Also having some well known names into projects (like Vitalik into Kyber.network for example) helps a lot.

[danherbias07]

A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?

Taken care of? How can they manage to fake a team profile if you are going to look at them at a video chat?
Skype. Use it or any video chat application to see them. You are an investor. Remember that.
They will do anything so that you will get in. If they deny the possibility of a video chat then tell them you will invest it with other ICO.
There will be a chance that they will go back and will agree with you. Every dollar means to them cause they need it to continue the project which is also for their own.

[Ferris419]

If you have experience. Find out in white paper. team development of that project. If you are a newcomer then you should explore these projects through the ICO rating websites. I like the site so much, very useful.

[Papcio77]

Team profile with verification if real person like public appearance can tell a project is scam or not. Thats onlybtonknow whether it is a scam or not but not I mean it is good investment ot to participate in the program. There must be more research to find  it

[Sebas.tian]

You can check their linkdin account, see if their connections are legit. Don't judge an ICO solely on its whitepaper; it may be plagiarized or greatly romanticized to deceive many newbie investors. You also have the right to demand to see if they have the proper documents for their project to operate.

[bellamente]

Have you invested or been a bounty hunter? You can lose money even on a promising project with smart creators. There are many pitfalls in this business

[betece777]

I think there is no guarantee for this problem after our money is taken away then lost our money, and there is no handling it is very difficult to distinguish which one is scam and which one does not all look the same and there is nothing to distinguish and most importantly when we want investing in ico looking for accurate information and see on the web apaha properly listed or just a scam

[grendel25]

There are many indicators to seeing if a new project ICO or coin is a scam such as:

1) Team is completely ANON.  This may not always 100% equate to the project/coin being a scam and depending on the goal of the project anonymity may be desirable.  If the team is anon then we should see something tangible in the process such as major name vouching (like well-known supporters even if they do not directly own the development of the project) or an actual product and revenues.

2) Look at the bounty and fund raising.  Do their bounties pay weekly or at the end of some long several months period?  If they pay weekly then it's less likely to be a scam.  If they pay at the end of a month or more then they are probably on an exit scam for that period of time.  Do they allege to have raised millions in "private sales" pre-pre sales with no proof that so much money was raised?  Probably a scam aimed at getting people to buy into the new "pre-sale". 

[misterj]

based on my experience, doing a lot of research does well against scam ICO or campaigns. identifying if those so called admins has a real profile and shows that they are really aware on what they are into because some are just being used to represent ICO so that they could at least say that they have a legit member on it, increasing the number of people being scam.

[wgd]

Desico is next...

https://bitcointalk.org/index.php?topic=5092272.0

[terible.hunter]

How many guides on the forum, but they can not be guaranteed. There are opportunities to reduce risks, this is true. But in most cases, of course, much depends on the person himself. What will he choose and where will he send the money.

[dodgecharger]

Usually the ICO project of the scam will only happen among the niche investors. First, observe how many people are concerned about this project, and then investigate the specific information of the team members.

[Snaic]

The most asked question I think. My tips to identify is go through the white paper thoroghly, look into the projects and the team working behind. See the website properly too. These might help.

In the current state of an unregulated ICO, it is impossible to determine the fraudulent ICO project in some cases. Therefore, when joining the ICO signature campaign, we still always have the risk of joining the fraudulent ICO project. We do not have the capacity and authority of law enforcement agencies to carry out such an inspection. We cannot see and communicate directly with the ICO team; these individuals are usually located in another state or even in some states at the same time, and all this makes it difficult for us. Only law enforcement or regulatory agencies at the place of ICO registration can identify the ICO team.

[Andruha1993]

It is necessary to study the project in great detail: the team, whitepaper, ratings, product, and so on. But still there is no guarantee that this project will be successful. Now it is very difficult to find a worthy project.

[jrrsparkles]

Lerning about the project team will help us to identify scams and we need to deep research about the whitepaper and the idea behind the project will make our money worth or not.

In 2019 we may see more projects gets resumend so hope for better future of ICO market.

[infarterr]

I am concerned about the fraud that you experienced, because now there are many like that, at first it looks original but they cheat after many people invest in them, so now many investors who have less confidence in ico and new exchange, there is no that can be done except be patient and be careful about choosing another investment place.

[Nivelir]

The situation with the analysis of projects today is not very pleasant, because most people in the end can not work properly and the right approach to the project. I am sure that today you can do it, but at least reduce the risks.

[billy.ryoko]

I have invested 2 ICO in last year, they have the big success in the ICO, but after the year they only listing in the EtherDelta, another one, they have sold around half of the token, but they still have not listed in any exchange, and I can't find any update about the project now, this such is the scam project.