Stop SCAM in the ICO market

[Aniadec]

It's not clear from your initial post how you are going to solve a scam problem.

All the features you had described are already provided by the not very useful platforms. Look at Icobench, in theory, it's a good platform to avoid scam but in practice, it does not help. 

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[Aiko23]

I think it's very difficult, as far as I know, there was a previous project that helped investors choose good ico and sort out which projects were good to invest, but ended up somewhere where the project was. there are many similar projects that you offer but none of them have been successful.
I just hope your project didn't ended like other

[narielle]

I think right now the only way to stop scam projects is to be personaly diligent about it, by preventing your self to be scammed and doubting suspicious things you can helf your self in stopping this scam. So just to remind people that even if there is a platform that would have safety features people that wants to scam investors will still find a way to scam them.

This is the best thing to do but even you are a diligent person, there are also instances that we were scammed. We don't know our fate and we just hoping for our wisdom. Sometimes, even the good ICO that we knew, is a big scam. A lot of people are fooled by every project existence, even I. Therefore, we cannot avoid to have scam projects here.

[MahalQu2612]

Hi, guys.
I have an idea how to stop the scam-projects. I have the team who is developing MVP for this idea now. Release of beta-version will be soon.

Please, tell me would you invest in a project which:
1. Has a really working MVP
2. Unites all of stakeholders in the ICO market
3. Stops the scam-projects
4. Creates a marketpace for easy communication and cooperation

What do you think about it?


Update:

We are developing a social network for crypto investors, asset managers and ICO-projects. Our main idea is to collect all ICO-market participants in one space  and obtain a scale effect. Based on this effect, we are going to create services that allow users to trust each other and to provide scam protection.

The social network’s main audience is crypto investors, and we offer the following advantages for them:
   1. Service of scoring and scam protection
   2. Successful asset managers and the opportunity to transfer money into trust management
   3. A large number of useful materials and familiar and convenient interface

More information how everything works you can find here - https://telegra.ph/ICO-scam-protection-08-28
The branch of the project on the GitHub is here - https://github.com/pyshopml2

Now all the forces are concentrated on the creation of MVP. Therefore, we don’t run any social channels except bitcointalk.  This channel is also being tested. We want to understand how much our product will attract a potential audience. The release of MVP will appear within two months.

We will be answering all the questions in this branch within 24 hours. Also here you can find all information updates.

Thanks for your attention!

as of now, the best thing to do to be prevented to scam is to know deeply the ico that we will join. Thiugh, there is not an absolute truth about that, atleast we can ensure that our capital would not be wasted. Being a wise investor is good because we can differentiate scam projects from genuine. Aside from that, it is our advantage for other also that would take a part in a project.

[icecream sandwich]

Hi, guys.
I have an idea how to stop the scam-projects. I have the team who is developing MVP for this idea now. Release of beta-version will be soon.

Please, tell me would you invest in a project which:
1. Has a really working MVP
2. Unites all of stakeholders in the ICO market
3. Stops the scam-projects
4. Creates a marketpace for easy communication and cooperation

What do you think about it?


Update:

We are developing a social network for crypto investors, asset managers and ICO-projects. Our main idea is to collect all ICO-market participants in one space  and obtain a scale effect. Based on this effect, we are going to create services that allow users to trust each other and to provide scam protection.

The social network’s main audience is crypto investors, and we offer the following advantages for them:
   1. Service of scoring and scam protection
   2. Successful asset managers and the opportunity to transfer money into trust management
   3. A large number of useful materials and familiar and convenient interface

More information how everything works you can find here - https://telegra.ph/ICO-scam-protection-08-28
The branch of the project on the GitHub is here - https://github.com/pyshopml2

Now all the forces are concentrated on the creation of MVP. Therefore, we don’t run any social channels except bitcointalk.  This channel is also being tested. We want to understand how much our product will attract a potential audience. The release of MVP will appear within two months.

We will be answering all the questions in this branch within 24 hours. Also here you can find all information updates.

Thanks for your attention!

That is true it is very disappointing to have and to experienced and to be a part of a scam like what is happening to me last campaigns that I've been through and most of them are just a scam that sucks because you exerted an effort and then what happen is it is just being wasted because you will not receive anything in exchange knowing that you supposed to receive profit

[Ezenwanyi1]

This is step in the right ditection.
There are so many project icos whose main target is to fleece unsuspecting investors of their hard earned money.
The time to stop them is now.

[turagsoy123456]

Hi, guys.
I have an idea how to stop the scam-projects. I have the team who is developing MVP for this idea now. Release of beta-version will be soon.

Please, tell me would you invest in a project which:
1. Has a really working MVP
2. Unites all of stakeholders in the ICO market
3. Stops the scam-projects
4. Creates a marketpace for easy communication and cooperation

What do you think about it?


Update:

We are developing a social network for crypto investors, asset managers and ICO-projects. Our main idea is to collect all ICO-market participants in one space  and obtain a scale effect. Based on this effect, we are going to create services that allow users to trust each other and to provide scam protection.

The social network’s main audience is crypto investors, and we offer the following advantages for them:
   1. Service of scoring and scam protection
   2. Successful asset managers and the opportunity to transfer money into trust management
   3. A large number of useful materials and familiar and convenient interface

More information how everything works you can find here - https://telegra.ph/ICO-scam-protection-08-28
The branch of the project on the GitHub is here - https://github.com/pyshopml2

Now all the forces are concentrated on the creation of MVP. Therefore, we don’t run any social channels except bitcointalk.  This channel is also being tested. We want to understand how much our product will attract a potential audience. The release of MVP will appear within two months.

We will be answering all the questions in this branch within 24 hours. Also here you can find all information updates.

Thanks for your attention!

I think this is good so that the scam ICO can not be penetrated again. And those investor's who quite investing in crypto currency will go back and invest their money again. Because their fear of scam ICO will be eliminated.

[wuvdoll]

No matter how great you think your algo will be, in the end it is your own opinion that will matter on the subject and it changes from person to person. How could you rate an ICO good or bad if you are not working inside and actually know if the people are doing real work or trying to scam people before they run off ?

The real question is even if you can how would we as the people who are checking the source know if you got paid by the scammer ico or not ? We don't know you, we have never met you, why would we trust you as well ?

A person who trust ico rating system of a stranger might as well trust the ICO as well. There are a lot of issues with the idea, trust being the foremost and opinion being the second. I believe no one could stop scams in ICO markets but we need to strong up our research and analysis so that we could avoid such scams and choose the right ones.

[peter_coin]

Like every industry and business there is bound to be scam and corrupt people looking to take advantage of others, the ICO market isn't totally filed with scam agents, but allot of projects and individuals there aren't really who they claim to be and most cannot deliver on their promises at all.

[Brama Jasa]

if you are able to do it why don't you make a research on some ico and you can publish it, so everyone will admit you are capable of stopping the project (ICO) scam. I think that if you do you and your team will be accepted

[jvdp]

ICO is one of the risky investment so some peoples are avoid this platform but few projects are really make good profit. So we should protect ourself then only scam projects are not survive in the market. Most of investors are panic to pick the ICO then they will feel the future scam so my suggestion is clear analysis is perfectly fine for investment. It is the only way to stop the scam.

[sheenshane]

ICO is one of the risky investment so some peoples are avoid this platform but few projects are really make good profit. So we should protect ourself then only scam projects are not survive in the market. Most of investors are panic to pick the ICO then they will feel the future scam so my suggestion is clear analysis is perfectly fine for investment. It is the only way to stop the scam.

Scam projects are not to get listed in the market, usually, they disappear after the crowdsale happen and running the money of investors.
Actually, we could not stop them but we can avoid being fooled by them. Hopefully, an ICO has a capability to filter which projects are legit one and which are not. But all thing will be fine if we research which a good one by checking all documents they had and the whole team must not hide their identity.

[Brawnsugar]

Scam projects have become very sophisticated, fancy in appearance and appeal, that it is almost difficult to spot them at first sight. Scam projects can do as much get on exchanges, yet without real dev work going on. They lead the investing public on for a while and then they exit. Hoping to see how your platform will spot and prevent scam ICOs, as in practical terms I'm wondering how this is achievable

[aoihs00]

It can work if people are really getting good number of ICO that are actually legit until the time of exchanger listing and also ahead about that. I guess having MVP system or whatever you call it just for the initial stages would not be much beneficial. Many times it happens that crypto projects work out very well in the early stages but in the later stages they create complete distrust and the stakeholders get scammed. We need a system which will keep track of every movement they make and thus whenever there is sense of the scam then your system must be capable enough to save lot of money before it could be even scammed from us.

[Babyrica0226]

Almost all of us in this site hate Scam ico, But by the way isn't the right section to tackle this things? its supposed to be in the altcoin discussion right? anyway, I remembered there is an ico working on that matter actually. and as far as I know it is still running now and that is crypto police I think if I am not mistaken.

[sevenjoy]

If I am not mistaken, isn't that what KICK is already offering with their community? It is not a bad idea though, but you must have been able to put a product together and at least permit a demo for real life case before investing. Most scam projects are fond of giving promises first, and of this is the same, then I would not bat a lid.

The easiest and most relaxing way when it comes to identifying scam ICOs is to do your own thorough research, but at least for the sake of some new investors who are quite lazy to do that, having something like that, if effective, will be of assistance for the space.

The last paragraph? That is simply it! Trust me; no investor will just want to follow a platform Tom, Dick and Harry, without having to do some diligence on their own.

Don’t get me wrong, it is not a bad one at all, at least since it is something that would be highly needed in the space when considering the number of active scam ICOs, and having a tool to at least, give investors some little clue on what to be doing research on at all.

[shushanika]

Almost all of us in this site hate Scam ico, But by the way isn't the right section to tackle this things? its supposed to be in the altcoin discussion right? anyway, I remembered there is an ico working on that matter actually. and as far as I know it is still running now and that is crypto police I think if I am not mistaken.

I have no clue either how to tackle them....if more of them would get caught and end up in prison that would be a start and scare some scammers off...but right now it seems that 9 out 10 scammers are running away and no one is following them.

[aencarnaci]

I think this is good so that the scam ICO can not be penetrated again. And those investor's who quite investing in crypto currency will go back and invest their money again. Because their fear of scam ICO will be eliminated.

This does not mean there still won't be scam but if awareness are always raised and people get to see where to join to discuss issues like this related to scam, and investors, most especially the new ones with less market experience step in, at least, they will be able to tend towards the right direction without starting with a huge mistake.

There are some projects like this existing in the space already, but I still feel this is a very good one with some additional features such as trust management and probably some other useful materials. It solves a problem which is paramount in the space, and that counts.

When we are the community take some steps toward regulating the ICO projects and how they should be announced then there will be better chances for lesser scams. Some years back, I did see people engaging escrows for ICOs, but now there is no such practice is existing. Without an initiative from our side we cannot expect to get rid off scams everywhere then we can make ICO scams to be eliminated when no action from this community so far ?

[sakrosak]

I have never bought tokens at ICO or invested in ICO, because I am afraid that ICO is a scam. I buy tokens in exchange, it has a smaller risk. The ICO scam has reduced investor confidence in ico.

[taiwww]

I liked the point where you are talking about the stake holder unity. Yes with the community voting people have made big decision in the past and have won the most difficult situation. I guess if people really go for unity and sort out the result of each ICO by evaluating it at the personal level then surely things can turn out to be positive one. After all it is the people who will vote them and thus in return they will earn some legit ICO's in their portfolio. Yes, Thats the right way to do it.
Hopefully people will look into your idea and may respond it positively.