How to spot a Scams

[maiden]

It’s so hard to know that the ICO are scams. Unless if you’ve been a victim before. Have you heard about Myshield the first decentralized Anti-Scam platform that will definitely help us eliminate and destroy those Scams in Crypto industry. If not now then when? So join the community now. t.me/MyShield_TM

I considered the project as a scam if the information that we need to know are not enough, and if the team members and manager is hiding behind fake names.. also we can know if its scam by reading their whitepaper, if you see that their wp is very suspicious, its up to you if you’ll go to invest or not.

[1715177488]

1715177488

[Inkdatar]

I believe at first it is hard to spot scams Ico since most of those new project creates the high possibility to be true of their words and shows good project. We must always do some investigation before investing into Ico's.

[hachiman13]

IMO, you don't need to have such platform to do your homework for you. You can establish several metrics and standards to determine which ICO is scam or not. Like for example, a project with no team member is a scam.

[HerreraMJ]

I think there are not platform that could tell you exactly when an ico is going to fail or when it is a scam, I think I would stick to checking the team behind the project before getting into a project, check their background and everything.

[Bitfling]

Its hard to identify scam because too many ICOs launch by many company. But its more safe if we join in ICO that back up by reputable company and having real product and having strong community

[goaldigger]

You need a lot of experience spotting a scam. Even you know the basics of the introduction of ICO like ANN thread, whitepaper, reasonable payouts on campaign and trusted manager, still it has a possibility to be a scam. If you have a skill like a psycholigist then you can differentiate it.

[EmmanCryp]

One has to be  wey careful and do all necessary research before investing in any icos because there are very many ICOs nowadays and most are only for their selfish purpose. I've heard of myshield before but I have not been following them though.

[udidrone]

even they are not scam you still not invest into a bad project, many ICO doesn't have any move after their ICO. just find a good ICO with a good team and advisor

worst than scam project is bad project  because if scam project still can be predicted. But project which sucess in ICO and not success in market only make investor loss their investment

[KarinaChernyav]

In our time it is very difficult to determine whether fraud is really wrong. Any company can be a scam. Here as in roulette for luck.

[Sindicatout]

There is another way how to recognize scammers. Honest team members and administration should have contacts so that anyone with a question can contact them. Scammers sometimes do not expose

[Diced90]

You need a lot of experience spotting a scam. Even you know the basics of the introduction of ICO like ANN thread, whitepaper, reasonable payouts on campaign and trusted manager, still it has a possibility to be a scam. If you have a skill like a psycholigist then you can differentiate it.

I agree with you. There are many give aways that point towards an ICO being a scam but the only way for sure its by doing the proper research.

[hmil]

You need a lot of experience spotting a scam. Even you know the basics of the introduction of ICO like ANN thread, whitepaper, reasonable payouts on campaign and trusted manager, still it has a possibility to be a scam. If you have a skill like a psycholigist then you can differentiate it.

I agree with you. There are many give aways that point towards an ICO being a scam but the only way for sure its by doing the proper research.

  I see you are well versed in how to define a scam project from a startup? Help me in choosing a company for investment?
I've invested in this project MPCX is a digital block-driven financial services platform. MPCX
is designed to serve entities' and individual's needs in the areas of digital
wealth management, cryptocurrency exchange and trading, digital banking,
crypto research and ICO promotion, and crypto lending.

I believe that this is one of not many projects with which you can cooperate. How do you think?

[christofyler]

It not so easy to get some scam ICOs because some of them have good start but bad end.... I think the best thing to do is to make research.

[jojovalentia]

I think there is no current app or system that could make you avoid scammers, I think people should keep checking on their own to see if the project they want to invest in is reliable.

[SoftHkA]

I don't trust have a lot of trust in third party sites to take care of my interests for me, for this same reason we are trying to stay away from the banks, almost always those sites of recommendations are open to payments from outside in exchange for a good rating, so it happens with ICObench too, that's why it has fallen into disgrace, the best thing is to go back to the old ways, read the whitepaper a little, find out what is happening inside the community by discord or telegram and see how the project is going, that can give you good indications if it will be a good project or not.

[Aljay7]

I Agree that Myshield will us with scams however it will not guarantee that we will never get scammed because of myshield. Its not 100% protection. But with the help of study and knowledge you will avoid scammers. So before you participate its best to read and study the project first.

[Msile]

It’s so hard to know that the ICO are scams. Unless if you’ve been a victim before. Have you heard about Myshield the first decentralized Anti-Scam platform that will definitely help us eliminate and destroy those Scams in Crypto industry. If not now then when? So join the community now. t.me/MyShield_TM

There are multiple ways to spot scam coins but really there is no one size fits all when it comes to spotting scam coins. First if a project does not have faces behind it then you should be very wary of that project as there is every possibility that it is a scam. Also read the whitepaper, if it is full of grammatical errors then just know that you are dealing with a scam coin.

[sergey1301]

The main thing is not to believe the hype. And to study the ico project yourself. Before participation, or investment: carefully and thoroughly check the project, go to the website, read the project document, look at the bounty Manager. I'm not an analyst ico, but these simple steps eliminated most of the fraud. ((For me)

[mgrbtc]

Also look for information about events. If a team goes with its project to people, shows its faces and achievements, then there is a chance that the project is real.

[Felic43]

Scam ico is hard to know but i will say you should study whitepaper well and check there team and know if they have product..