How to spot a SCAM ICO?

[ompoetra]

every old and new coin must have a whitepaper. Why? Because the whitepaper will inform investors about the Coin in detail - from the mission, the team, to the technology to be used, the Whitepaper can also be seen as a coin "proposal" for the ICO to investors.

Counterfeit companies usually do not have a Whitepaper because they are not professional enough to make a normal Whitepaper, or the company cannot describe their company, vision, mission and ideas in a reasonable way, companies that usually promise sweet dreams find it difficult to explain in detail. and logically how they will reach their "target", remember that they can also copy whitepapers from companies that are already nets

[1715603276]

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[1715603276]

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[1715603276]

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[1715603276]

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[ultimo5]

There are several factors that determine scam.

1.an obscure team
2.Unclear business model
3.illogical profitability
4.an inactive social community

THank you

[rnssol]

Scam ICO's are not an incorporated company.
The people behind the "project" are unknown/fraudulent team members/advisors.
They promise high/fixed profits if you invested.
Plagiarized/bad whitepaper.
Token distribution structure doesn’t make sense (e.g. 35% for founders)
Team dodging questions by the community (Refusal to disclose company info)
You can read in details from the source here: https://blog.indorse.io/how-to-spot-a-scam-ico-d2cfe47b3b52

This is a very clear and a detailed explanation of scams. This is very helpful.

[boyptc]

• Inconsistent answers to your queries
• Anonymous team
• Unreal road map
• Confusing whitepaper or copy paste
• Lack of professionalism

[Benjamin353White]

To avoid SCAM from an ICO project, you should avoid phishing websites, as fraudulent websites are just like the real ICO website, investors almost need to know the official website before a project is a launch. Therefore, when you want to invest in an ICO project, the first thing is to consult and thoroughly study the project.

[Badu1]

Most at times,scam ICOs do not have team members and there is no video of the project.

[Korkorjkk]

Scam ICO's can be spotted when the white paper contains a lot of mistakes and the team members also have a larger share of the tokens. Some of the team members also have fake followers and new accounts.