Jatawneh
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Arabs Bitcoin CEO
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October 02, 2018, 07:46:05 PM Merited by fanji (2), ismart1 (1) |
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hi I agree with you regarding all of your points except this: Weak Community:
Weak Community: A strong community is the key of success. Even for existing coin, always need strong community to support them. With out community a token is useless. Say, a token listed on exchange, but there is no community for trade it. So who will buy your token ? Community need before ICO and also after ICO. But maximum project never care about community after crowd-sale. You can check their media environment to guess how strong their community. Community real or fake. You need observe it. Also how is their social activity. Only way to build community is social media. So you can gusses what is going on.
What you stated above i agree with you but if an ICO has a weak community that may be because of bad marketing. and will not lead that the project is scam, project may delayed due to weak community and may face difficulty.
so pls you can remove the Weak Community from the condition of scam ICO. and we can put weak community under the unsuccessful ICO due to weak community.
thank you for your subject
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Diacris
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October 02, 2018, 08:51:06 PM |
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I appreciate the presence of such informative and assisting posts that lead the beginner investors and teach them the first steps that must be followed when they first research a project. Be it ICO or IPO.
This is a must bookmark post, or at least save the instructions provided by OP in a text book whereby any time you intend to invest in an ICO, you do your checklist properly.
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kaasy.ai ICO Token Sales BUY KAAS TOKEN NOW Artificial Intelligence Algorithms on Blockchain
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richan
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October 27, 2018, 10:25:43 PM |
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Airdrop trap is the recent scam that I fear newbies into crypto are fallen into everyday. Airdrops sites mostly lead to phishing sites that will get away with your details to track your crytpo usage and funds availability. I recommend anyone using a brand new wallet for airdrop collection if you are addicted to it and find it hard to desist from it.
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nakamura12
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November 10, 2018, 07:11:02 PM |
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Bumping this thread for visibility. Knowing how to spot scam ICOs would prevent you from losing your money if you are an investor. Unsuccessful ICOs due to "WEAK COMMUNITY" will turn into a scam ICO if they want to and also ICO won't refund your money if you invested and their ICO failed. I'm sure this guide woukd surely help investors and bounty hunters spot ICO and report it.
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The Cryptovator (OP)
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November 26, 2018, 01:57:58 PM |
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Thanks for help community. Keep it up.
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Legolass
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November 27, 2018, 01:17:08 AM |
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great instruction. but to say shorter, the main marker in scum ICO is team. if there is some hint that the team is fake - better to stay away
But how can we find out whether this team is fake or not. They can make fake team profile, i can not know about it. Is there any clear way to find out?
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Marshall14
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December 08, 2018, 05:49:21 AM |
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But how can we find out whether this team is fake or not. They can make fake team profile, i can not know about it. Is there any clear way to find out?
Yeah, you're correct,to an extent it's almost impossible to be 100% certain a team/ico is a scam, but it's very possible to make an attempt and be correct. If you study @OP'S guidelines thoroughly it'll aid you to spot a SCam ICo, so you can stay away from'em to avoid losing your money.. One way to know a fake team is through a project that doesn't look feasible,just laden with promises and high expectations that you damn well know for sure that a new coin wouldn't be able to achieve this..
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Rap0Father
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December 08, 2018, 07:38:34 AM |
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One way to know a fake team is through a project that doesn't look feasible,just laden with promises and high expectations that you damn well know for sure that a new coin wouldn't be able to achieve this..
Yeah, better to stay away from projects which promise about high profits, bright future of token price. Whenever i read promises like these, it sounds like a ponzi scheme, i quit. Projects which prefer to talk about their products and technology are more worth to trust.
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kingpin4321
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January 07, 2019, 06:37:45 AM |
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Well there are some scam ico that can still beat all this characteristic.
I have been in an ico that looks so real and still ended up as a big time scam well I would just say you do you observation and still never trust an ico hundred percent
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Erickan
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February 13, 2019, 04:45:54 AM |
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This article is very useful, new members who can read this article can avoid scam ICOs. But for my own experience, when choosing ICO at this time, I usually give priority to the following two things:
1. At the present time, good and bad ICOs, scams mixed together, even if ico is good, it is not sure to mobilize capital successfully. So whether you are an investor or a bounty hunter, the key is to choose a successful ICO. I often check the project files on ICO evaluation sites, they will help us check the project file to avoid losing time.
2. The most important thing I need in an existing project is the organization of conferences, meetings, meeting partners to promote the project. The best way to evaluate a project is to meet directly at the meeting.
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The Cryptovator (OP)
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April 18, 2019, 01:22:52 PM |
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The best way to evaluate a project is to meet directly at the meeting.
Obviously this would be best way. But question is how many ICO's team members are ready for public meetup? Although we can see few teams meet with celebrity and post video or picture but publicly we can't see too much. Most of ICO's using fake team so how they will meet with public? That's the problem now a days. If team stay anonymous then that's different case, but using fake team is too dangerous.
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tranthidung
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Farewell o_e_l_e_o
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April 19, 2019, 01:16:59 PM |
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hi I agree with you regarding all of your points except this: Weak Community:
It is only true for old projects, with ICO projects, the criterion can not apply even we see huge community want to invest in a specific ICO. They mostly greedy to invest in ICO, but later, they might all go away after taking profits or taking losses.
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Indamuck
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April 25, 2019, 02:47:24 PM |
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I don't agree with many of your points but I'll touch on a few.
"free airdrop trap"- you must be new here but realize that many projects have had success with free distribution: Nano, NEM, Ripple, hell even bitcoin had free distribution in the early days.
"no usage of token" Hate to break the news to you bud but most crypto is pure speculation, barely anyone is even using this stuff
"anonymous team" HELLO, satoshi was anonymous
"Mixing name with existing coin" Ok so you calling bitcoin cash, ethereum classic a scam? lol..........
"Disharmonious Distribution" Go look at how large a percentage of coins the ethereum foundation holds, same goes for ripple and those are the #2 and #3 cryptos
going by your rules, every crypto is a scam
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nostrings
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August 18, 2019, 05:23:35 PM |
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I don't agree with many of your points but I'll touch on a few.
"free airdrop trap"- you must be new here but realize that many projects have had success with free distribution: Nano, NEM, Ripple, hell even bitcoin had free distribution in the early days.
"no usage of token" Hate to break the news to you bud but most crypto is pure speculation, barely anyone is even using this stuff
"anonymous team" HELLO, satoshi was anonymous
"Mixing name with existing coin" Ok so you calling bitcoin cash, ethereum classic a scam? lol..........
"Disharmonious Distribution" Go look at how large a percentage of coins the ethereum foundation holds, same goes for ripple and those are the #2 and #3 cryptos
going by your rules, every crypto is a scam
Ya, looks like every single crypto is a scam if we go by OPs idiotic logic. My favorite is mixing name with existing coin, I'm sure this idiot op wouldn't turn down 1000 free bitcoin cash into his wallet, lol what an idiot.
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The Cryptovator (OP)
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October 05, 2019, 11:14:08 AM Last edit: October 09, 2019, 01:03:41 PM by Coolcryptovator |
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I don't agree with many of your points but I'll touch on a few.
"free airdrop trap"- you must be new here but realize that many projects have had success with free distribution: Nano, NEM, Ripple, hell even bitcoin had free distribution in the early days.
Do you know meaning of trap? If no then learn first. "no usage of token" Hate to break the news to you bud but most crypto is pure speculation, barely anyone is even using this stuff If there is no real use of token then its worthless, no doubts about it.[/quote] "anonymous team" HELLO, satoshi was anonymous HELLO ! Are you thinking all ICO creating by satoshi ? Then you are watching day dream. "Mixing name with existing coin" Ok so you calling bitcoin cash, ethereum classic a scam? lol.......... Not only scam, that's all were biggest scam. You have enough knowledge them you should understand. "Disharmonious Distribution" Go look at how large a percentage of coins the ethereum foundation holds, same goes for ripple and those are the #2 and #3 cryptos If project is Ethereum based it doesn't mean they are Ethereum. And if you compare a token with Ethereum then it's really idiotic calculations. going by your rules, every crypto is a scam
You might say every upcoming! If they are not able to fill all criteria. Ya, looks like every single crypto is a scam if we go by OPs idiotic logic. My favorite is mixing name with existing coin, I'm sure this idiot op wouldn't turn down 1000 free bitcoin cash into his wallet, lol what an idiot.
Hello idiot! Show me how many dollars you earned from ICO starting with 2018. Both of you should learn first what is ICO, Hardfork, softfork, IEO, STO, and different between token and coins.
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Crytodon
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October 09, 2019, 06:16:27 AM |
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This is such a comprehensive guide that no serious individual should ignore. Scams may be different in names but are same in operation
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