maiden
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Chainjoes.com
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September 02, 2018, 06:04:34 AM |
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I think the rise in scam projects these days is so alarming. Even those ones who didn't mean to be scam eventually turn out to be scam because the ICO will not be successful.
I will always say it to others that if you want to participate in different projects, you must give yourself a time to do some research about the history, about the project, their whitepaper and the team behind the project, those are the things that we need to consider before we enter into new projects. Its very helpful also to know if the project is suspected as a scam or it is a legit project.
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nokat
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September 02, 2018, 06:08:56 AM |
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It will surprise you that there was a bounty I read thoroughly about the website,roadmap and got what the project intend doing for those in cryptocurrencies. I concluded it was a trusted project and even recommended it to mates out there. You can't believe when it became scam .
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Kunlejoe0
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September 02, 2018, 06:17:22 AM |
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I will also like to add that you look out for willingness of the team to list the token on time in a tier one, reputable exchange! Some investor like to trade their token up and down to get more token, yet many project fails in this aspect!
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Daniel9140
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September 02, 2018, 06:28:04 AM |
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These are real facts and also ways to avoid been scammed. You should also avoid phishing sites as well too. If you want to invest into icos, check their githib and also research the team to be sure they are credible
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lienfaye
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September 02, 2018, 06:35:51 AM |
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Thanks for sharing this information it can help us to identify the scam project to the legit one.
Nowadays the vast majority of ICOs are scam and even you're careful in choosing where to invest scammers are now professional for their project to look great and convincing to the investors. I think we can avoid falling to their trap by taking time to learn about the flow of ICOs and improve ourselves because its better to have enough knowledge to become aware of what to look for when investing.
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bocah cilik
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September 02, 2018, 06:59:03 AM |
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After reading their whitepaper then ask yourself these questions: 1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?) 2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it) 3. Is the document having original contents (scam projects usually copy people's work) 4. How old is their official website (most scam projects usually have new websites) 5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap) 6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.) 7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team) 8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Yes, these are really good tips that can help bring scammers to clean water. I am interested in the following question: How can I find out how much time does the site exist? Tell me how can I check it out? Hello friend, if you want to get some information like this about a website, you can visit whois.com and then search for the website name Oh thank you friend. I am also looking for that answer and I found it now. At whois.com, everything looks really and is easy to know when you own a site for someone or a company.
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imgoinforbitcoin
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September 02, 2018, 06:41:44 PM |
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This is really great, I appreciate that this information is out there for everyone who needs it to see. It is really good to know that there are all of these information on ways that people can avoid being scammed, dealing with scammers has become the bane of this industry and we need to find a way to weed them out. This is a good start if you ask me.
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jahepahit
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September 02, 2018, 06:58:35 PM |
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it's very difficult to avoid scammers now because they now have a lot in common like real projects, like websites, whitepapers and others ... but to check the age of my website I still don't understand, can you say how do we know it?
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Olaoye20
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September 02, 2018, 07:04:37 PM |
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Bitcoin is not just a risky investment, it is the riskiest investment possible. But “risky” doesn’t mean “bad”. It just means that you have to be more careful than usual and have a backup plan in case your hopes will be dashed. And, of course, there are some precautionary measures you can take to reduce risk.
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beehimneff
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September 02, 2018, 07:07:57 PM |
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A good guide for the analysis of the projects! Thank you! I would also add the study of the project activity in other social networks (Twitter, Facebook, Instagram).
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timmmers
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September 02, 2018, 07:08:26 PM |
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Yes, it is a good recipe how to reduce the risk of being scammed. But if someone wants to scam you, they will do as much as possible to do it. I have seen many really nice ICOs which scammed their investors like Centra (with advisor Mayweather).
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Kakarot01
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September 02, 2018, 07:36:47 PM |
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Investment is risky. I can't help suspecting that the most vital angle is the genuine application and estimation of coins. It is critical to ensure that individuals need to purchase these tokens. In the event that you take a gander at the proposition of various ICOs at that point you won't have any desire to purchase their coins, since you have no enthusiasm for this other than theoretical.
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rosezionjohn
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September 02, 2018, 07:39:58 PM |
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After reading their whitepaper then ask yourself these questions: 1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?) 2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it) 3. Is the document having original contents (scam projects usually copy people's work) 4. How old is their official website (most scam projects usually have new websites) 5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap) 6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.) 7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team) 8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Good list you have here. I agree with the last paragraph, there is no guarantee that you will never be scammed but at least you can lower the chances of that happening by applying these guidelines.
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frchowe214
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September 02, 2018, 07:50:33 PM |
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It depends on how smart the scammer is, if you look at he bitconnect debacle it was blatantly obvious that it was a ponzi scheme, and they operated in plain sight. Those guys were smart and many people fell for it. Follow your brain and ignore the hype
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Haynes
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September 07, 2018, 08:43:54 AM |
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Even those ones who didn't mean to be scam eventually turn out to be scam because the ICO will not be successful.
Not "it won't work" but it's really like that. ICO is held when the price of Bitcoin is at a price of 20,000 USD, then now the price of Bitcoin is around 6,000 USD and it is difficult to accept by investors.
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mrcastelo
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November 25, 2018, 08:42:57 AM |
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I think the only way to minimize risk of being scammed whether in ICO investing or bounty participation is doing intensive research of the project. Reading the white paper, join different social media sites and research the team behind it.
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pieppiep
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November 25, 2018, 09:51:33 AM |
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the way you give it is like it can be a solution for traders or new investors who find it difficult to make sure the ico or the project is scam or not, hopefully with information like this no one will be hit by a scam anymore.
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meloman4u
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November 25, 2018, 11:34:40 AM |
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I agree, these good recommendations will be able to help many people. But scammers stand still never and constantly come up with more clever ways to scam.
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soramon
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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
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November 25, 2018, 11:47:01 AM |
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Well i never join ICO becuase its so risky and i dont want lose my money. The number of scam projects this year is too high and investor slowly leave ICO. 8 points you give is very usefull for those who want to invest in ICO. I hope scam project reduce next year.
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lickbhakegit
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November 25, 2018, 12:14:20 PM |
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Waiting for BTC with 1k price
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