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Author Topic: Stop SCAM in the ICO market  (Read 14272 times)
Alpinat
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April 28, 2019, 06:36:24 PM
 #221

If this project really happen for sure there are many people that is still investing in ICO right now. Stopping such a scam ICO is a little impossible I guess because for sure the people or scammer that builts that scam project will do everything just to publish their scam ICO.
Runbitup
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April 28, 2019, 07:20:25 PM
 #222

If this project really happen for sure there are many people that is still investing in ICO right now. Stopping such a scam ICO is a little impossible I guess because for sure the people or scammer that builts that scam project will do everything just to publish their scam ICO.
there are always fraudsters everywhere, especially in the internet world, so it can be said that it is impossible to stop ICO scam.
but actually this can be minimized if the ICO-making regulations are tightened so that fraudsters will have difficulty making ICO.
Kingairdrop
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April 28, 2019, 07:55:00 PM
 #223

Hi guys,

We have an idea about how to stop scam projects. We have a team who is developing an MVP for this idea now. The release of the alpha-version will be soon.

Please tell us whether would you invest in a project that:
1. has an MVP that works well.
2. unites all of the stakeholders in the ICO market.
3. stops scam projects.
4. creates a marketplace for easy communication and cooperation.

What do you think?

Update.

The most frequent question is how we are going to offer protection from scams. The answer in this article.

More info about our project:
Website
Pitch for investors
Minimum viable product

To access the MVP, you can use a demonstrate account or create your own. The demo account credentials:
icoworldtest@gmail.com
12345678

If you have any questions you can ask them in this topic or in our telegram chat.

Thank you for your attention!

If you can actually pull all you mentioned above off, then i think this space will be better. We are in need of a project like yours, to help curtail the level of scams we see in the cryptosphere. You currently running on alpha version, looking forward to your beta version. Wishing you all the best in your upcoming ICO

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thesmallgod
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April 28, 2019, 08:45:26 PM
 #224

How can investors be make to believe that your own MVP too is not a scam. Do you have offices? Are you legally registered and is your business also registered in the country where you operate. These are some of the information you should consider providing us maybe then people will start relying on the services you intend to render
AngellSky
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April 29, 2019, 11:28:02 AM
 #225

How can investors be make to believe that your own MVP too is not a scam. Do you have offices? Are you legally registered and is your business also registered in the country where you operate. These are some of the information you should consider providing us maybe then people will start relying on the services you intend to render
Of course, legal issues for the market and the company are quite an important fragment for successful business.  But I would also like a certain structure to be created that could guarantee depositors a refund of their funds.  That is, you need to come up with such a system when investments can be insured.

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Btra
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April 29, 2019, 11:34:32 AM
 #226

Scammers are the most active in the ICO market as there is no regulation on this. But, if we talk about the regulation on the ICO then the question arise here who can impose the rules and how? As, the blockchain is working totally in a decentralized way so, no regulation can be formulate on this. That's why a little or more scam can't be avoided.

bitcoinst
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April 29, 2019, 11:45:57 AM
 #227

Scams can be stopped only in one way, if total regulation is introduced.  Until then, the only thing that we can do is to show the Scam Project at the earliest stages and spread information about it.

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ryap12
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April 29, 2019, 11:52:04 AM
 #228

Scams can be stopped only in one way, if total regulation is introduced.  Until then, the only thing that we can do is to show the Scam Project at the earliest stages and spread information about it.

If we are talking here at bitcointalk, there are actually a lot of people who does review fake projects and see if they're real. There are also a few threads I found before listing scam projects. But no matter how we keep track of them, there are still some projects that will look legitimate at first but in the end becomes a scam.

Implementing regulation can help but scammers always find ways so the best thing is thorough investigation on each project.
MidnightWolf
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April 29, 2019, 07:47:27 PM
 #229

Scams can be stopped only in one way, if total regulation is introduced.  Until then, the only thing that we can do is to show the Scam Project at the earliest stages and spread information about it.

If we are talking here at bitcointalk, there are actually a lot of people who does review fake projects and see if they're real. There are also a few threads I found before listing scam projects. But no matter how we keep track of them, there are still some projects that will look legitimate at first but in the end becomes a scam.

Implementing regulation can help but scammers always find ways so the best thing is thorough investigation on each project.
It seems to me that for the implementation of new projects, the developers themselves must have certain funds to guarantee the return of funds by the investor if the project fails.  It is necessary to create something like an insurance policy for new projects, which I must provide during the registration of a new company.  Perhaps in this way it will be possible to scare off fraudsters from this field of activity.
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