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Author Topic: How to avoid ICO scam.  (Read 23595 times)
mithon2017
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January 15, 2019, 04:26:48 PM
 #101

I think, it very difficult to Avoid ico scam.  experience is good way to avoid ICO scam. before investment any ICO , you needed deep research about the project. if you have proper knowledge about ICO you can easily avoid ICo scam. so you should be careful before joining any projects.
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tonibyuzen
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January 15, 2019, 04:46:16 PM
 #102

I believe that we need to create an independent rating of ICO projects on this forum in order to replenish the list of projects on a daily basis and add to the black list of scams. We must take care of our own security and warn others about it. Only together we can achieve fair conditions from ICO and secure our funds.

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January 15, 2019, 04:47:47 PM
 #103

Invest a lot of time in researching these projects and trying to understand if all of them are legit. It is not so easy, but after several researches, you would be able to detect a scam ICO every time simply by reading its whitepaper.

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leslie4u
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January 15, 2019, 05:15:18 PM
 #104

To be honest, I keep myself away from these ICO's because believe it or not more than 95% of them out there are mere scams. The promise a lot of things on their site, whitepaper and roadmap but fail miserably when it comes to delivery. Just like me many have already burnt their hands and that's the reason why many do not welcome any more ICO's in their portfolio anymore.
Ferris419
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January 15, 2019, 05:55:06 PM
 #105

To avoid bad/scam ICO, You should follow below step.
1. Team member ;
2. Social Media activity;
3. ICO review;
4. Project future;

You will check one by one and then fix about any ICO. Be sure check everything also alexa rank. Remember, Telegram also main things any ICO.

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trash321
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January 15, 2019, 06:00:42 PM
 #106

It seems to me that all the possible options that are available here today will still not be able to protect you from scam projects, because there is really a lot of work, but in fact, today it is a problem that can comprehend any of us.
flemmings02
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January 15, 2019, 06:05:13 PM
 #107

To avoid bad/scam ICO, You should follow below step.
1. Team member ;
2. Social Media activity;
3. ICO review;
4. Project future;

You will check one by one and then fix about any ICO. Be sure check everything also alexa rank. Remember, Telegram also main things any ICO.

I like following tips mentioned but ICO reviews can not be trusted simply because most of them get paid for a good review, I believe more in personal research about the project.
BitDane
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January 15, 2019, 06:15:55 PM
 #108

There are several pointers to avoid ICO scam. The most important way to do it makes research and know the red flags. I can give 1 factor that can be considered a red flag. But I think it is so important that we should not neglect it.

Do a background check of the project team. Profile pictures are important. If the team uses caricatures or false/fake pictures. It is an obvious red flag.
paulk11087
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January 15, 2019, 06:18:38 PM
 #109

Scam projects need to do very good research to avoid. the team behind the project is very important. When you combine these points, you can find a successful project.
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January 15, 2019, 06:23:41 PM
 #110

I am sure that the regulation of ICO at the legislative level will protect investors from fraudulent projects. Before allowing projects to start selling tokens, they will be checked for compliance. In addition, security tokens will gain popularity in 2019, which will also make ICO more secure.

I think be prevented from scams will easily not come for a people how many times we are using this forum will be the answers for this question because experience will make you more stronger in this field and also make good decisions also so to avoid scams will be in the experience.

Mcmich
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January 15, 2019, 06:42:31 PM
 #111

Have a lot of knowledge about ICO.


Please, share your knowledge with us or do I take your statement to be a question. Anyway, I think the best way to avoid scam ICO is extensive research before investing in any ICO.
pelumi20
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January 15, 2019, 07:15:30 PM
 #112

I think at this time in cryptocurrency it is safe for us to assume that all ICOs are scam, until proven otherwise.
You should analyze any ico you want to invest in with professional scepticism and you will hardly fall for ico scam

@prashant
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January 15, 2019, 07:27:31 PM
 #113

There are two types of scams, before and after .after is the most less expected.during ico, before investing make sure to check team members details and do some research about team background and you can also check its ANN post regularly to keep an eye on project activity.and in order to avoid after scam i.e scam after few months after ico,you can only trust on your research and try to invest in project which has famous person or known person as team or advisor.
Bunsomjelican
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January 15, 2019, 07:45:36 PM
 #114

Apparently, ICO investors continue to fall prey to innumerable ICO scam. The effect of this is very devastating on investors perception of crypto-project ICOs.
While it appears there is no apparent solution to address the current scam associated with ICO in the crypto space. I propose that we help each other in finding out the best ways to identify and separate genuine ICO from fake ones....
Share your view and help a friend from falling prey to ICO scam. Let help build a healthy crypto environment. Fight the scam now.

Nowadays, its too hard to say if the ico is legit or not. Because in my experience even they most often gave a good updates to their community in most ico on which I had encountered was ended up still into bad result if it is not paused ico project, there will an extension something like that. Which will only frustration to anyone whether investors or bounty participants.  
Mianae
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January 15, 2019, 07:49:21 PM
 #115

It's really hard to tell which is scam at the onset of ICOs although some are so glaring one can easily spot it. I would suggest people stop investing in ideas on written down in a whitepaper. At least a viable project should have an MVP, a real office with known team members should they decide to go rogue, they can easily be caught by the government.
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January 15, 2019, 07:59:11 PM
 #116

To be save from scam I recommend the following few steps,
 1.check the project history, go through the white paper.
Take note of the pre-handled projects, how successful are they.
2. Take note of the team. How successful they have been and which project have they handled.
3. Check their prospectus how valid it is.
desticy
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January 15, 2019, 08:00:19 PM
 #117

Invest a lot of time in researching these projects and trying to understand if all of them are legit. It is not so easy, but after several researches, you would be able to detect a scam ICO every time simply by reading its whitepaper.

Only a constant analysis of many projects will help you hone your skills to the maximum, this is one of the key skills that will help you when choosing the next project.

Bennix
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January 15, 2019, 08:13:24 PM
 #118

The basic things one need to do is to check the antecedent of the team behind the project you want to invest in.This will help you to know the profession they are into before managing the project. The question is,does the purpose of the project tally with their profession?The reason is,one can only give out what he has or what is in him.We have seen some project managers raised $15 million,but they failed to deliver a working product that will attract investors.
You should also check the white paper and as well observe how they respond to constructive questions on their various social media outfit,you will have the overview of their capacity.
PuertoLibre
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January 15, 2019, 08:26:39 PM
 #119

Looking for ICO with working product can save lots of time instead of checking whitepaper line by line. Investors are not stupid people with big pockets and it is not easy as in old days to scam others. There are tools for measuring the rate of ICOs before investing like ICO comparison sites.
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January 15, 2019, 08:45:36 PM
 #120

Looking for ICO with working product can save lots of time instead of checking whitepaper line by line. Investors are not stupid people with big pockets and it is not easy as in old days to scam others. There are tools for measuring the rate of ICOs before investing like ICO comparison sites.
Now there are practically no new projects that already have a working product. as a rule now all  projects are empty

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