Stop SCAM in the ICO market

[daporivera]

Scam in the crypto world is a matter of great concern as it is the major controversy surrounding ICO projects right now. There is a great need to attend to this issues right about now, unless the scam issue will continue to chase away investors in cryptocurrency.  A lot of investors have lost huge amount of money investing in scam projects and these therefore make seem to other investors willing to invest too to see crypto as a waste of time. In as much as in yhe believe on the system, negativity about the system might cause it not to grow further.

[yobo2020]

Is not that easy to stop scam ICO we can only reduce the number of scam ICO,  because scammers know much about cryptocurrency. The moment you detect them , they will develop another strategy .

[a4techer]

Is this possible to stop those scammers on ICO market? I thinks it is not easy to detect those scammers because almost 60% was scammers right now so that is why its hard find out the legit and it is not easy to trust on the ICO. Hope that your project will help those investor to stop the scammers.

[trader34]

Everything that can help to avoid scams is welcomed in the crypto space right now in my opinion. Too many scams have affected the trust in ICOs in general... So anything that can help to identify good projects is good.

[asriloni]

Is this possible to stop those scammers on ICO market? I thinks it is not easy to detect those scammers because almost 60% was scammers right now so that is why its hard find out the legit and it is not easy to trust on the ICO. Hope that your project will help those investor to stop the scammers.

Just try to apply the verification process to the ico issuer and that will have fixed all of the problems with the scam developers. Remember about most of these scammer will not to do that to reveal their identity that means we can get real developers from this method.

[Luvr1000]

it's high time to do it, to be honest I don't understand how it can be implemented, but if you already understand that it will really work, I hope that you will succeed . I will participate in your project and help with all kinds of activities, such projects should live as they really prevent fraudulent activities.

[the1arty]

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!

That is already what most projects are doing. However, a lot of things depends on the community, no community, no projects. The projects need that investors would not be silent, but would be active and spreading the word around.
Currently, contributors see that everything is dropping and no motivation for any activity.
Sometimes, project does not want to become scam, but they simply run out of money, as they been greedy and did not fix anything to the fiat. However, there are still many fake projects, which just do want to gather money and run away.

[tippytoes]

it's high time to do it, to be honest I don't understand how it can be implemented, but if you already understand that it will really work, I hope that you will succeed . I will participate in your project and help with all kinds of activities, such projects should live as they really prevent fraudulent activities.

Also, hard to implement such kind of strategy because there will always be gullible users that are attracted with good promises even they have the doubt that it might be a scam one. They continue to invest even with that hint of doubt because they are thinking that they can get rich out of it.

[Nivelir]

Can you suggest specific actions? I can not do this today, the thing is that today there are a very large number of people who really want to deceive other people. We need to implement new social engineering algorithms.

[cchub]

The only way to minimize scams in ICO market is community survaillance. No regulator otherwise it becomes an STO or some stupid similar thing.

[chriseasan]

I am trying to invest in projects that have already reached their soft cap or do not have any soft cap. Moreover I am searching for projects that already have a working product before the token sale started.

[melomanskiy]

The guys didn’t cope with the realization of their idea, but they gave good hopes) It’s a pity that another worthy project didn’t show itself well enough. I hope that a similar project will emerge on the market that can at least partially solve the problem of fraud in the ICO field.

[biskitop]

but unfortunately, it is easy to make ico using the smart contract etherum, making some fake projects difficult to stop, and with the same concepts and models as before, they continue to enter the ico industry. I think all of this must start from the smart contract.

[qomariah95]

but unfortunately, it is easy to make ico using the smart contract etherum, making some fake projects difficult to stop, and with the same concepts and models as before, they continue to enter the ico industry. I think all of this must start from the smart contract.

It's easy to make an ICO scam. Regulations that are complicated should be. With that maybe ico scam will find it difficult to enter the crypto market. And also investors, don't easily invest in suspicious ico projects.

[karungbitcoin]

We need regulation to minimize fraud project in ICO market. Since ICO market booming in the beginning of 2018, alot of bad project without any live product raised alot of money and finally the price of the token dumped hard. Regulation is one of the solution to minimize fraud ICO.

[alonelyorange]

Many exchange market always want to listed scam and lower price coin on their exchange, many time we found many ICO have listed at exchange market but have lower price than ICO, why many exchange could not stop for listing?

[Robotbitcoin22]

Supervision of ico is a solution that must be done where people must begin to realize that there must be an institution that regulates being able to give permission for a projeck that can be made

[Mr.Spreadthehamster]

Stop the process that today in such a beautiful location, I would probably call it a difficult task and the only thing that comes to my mind is to verify the developers and make criminal liability for improper embezzlement.

In fact, the development team, equally with the participants, must provide all verified information about themselves and the project, thereby taking the first step towards trust, confirming the status of legality and honesty in their intentions.

[BADBITCH]

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!

Developing a decentralized platform to tackle ico scam is a scam itself
It is the task of each and every individual to ensure that we avoid all fraudulent deals

So dyor always and play safe

[rachman mahesa]

Stop the process that today in such a beautiful location, I would probably call it a difficult task and the only thing that comes to my mind is to verify the developers and make criminal liability for improper embezzlement.

In fact, the development team, equally with the participants, must provide all verified information about themselves and the project, thereby taking the first step towards trust, confirming the status of legality and honesty in their intentions.

The project team that has been verified may be one way for investors to trust. Maybe with that, the project will run smoothly without any suspicion of a scam project. Because there are so many projects that the team does not verify. And in fact the project is a scam. I've experienced that.