Reducing scam

[Iamlegit4sure]

The best way to reduce scams is to just study! I mean, study the project and do your own diligence before investing in an ico! Or in any project. It is pretty easy to do, and the best thing you could do is to research the team. Who is the team leader? Does he have any experience? Is a the team even public? An anonimo us team is usually a red flag, excluded for this coins that focus on privacy

[1715146454]

1715146454

[akunta]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

now when crypto is just having been born it's difficult indeed to affect in any way on scammers. in the futere though i huess there will be some sort of regulation that will control cheating

[Faroxx]

I believe that in order to prevent fraud in the ICO, it is necessary that the sites that evaluate the ICO bear some responsibility for the placement of scam. In this case, the sites will carefully check the ICO and some scam ICO will simply not see the light of day. IMHO

[Sondale]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

tjere can be different ways to find put scammers in the whole projects but sometimes this tasm seems to be too hard to solve

[Sondale]

I believe that in order to prevent fraud in the ICO, it is necessary that the sites that evaluate the ICO bear some responsibility for the placement of scam. In this case, the sites will carefully check the ICO and some scam ICO will simply not see the light of day. IMHO

not only other peopel but we as well should check icos and ge careful with what we are going to spend our moneyon on righ now

[gunbars]

I know that crypto is about anonymity but I think it will be a really useful if developer team of ICO project will be obliged to be known to investors. And if they are not unknown then they are able to be charged for fraud.

[danherbias07]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

How can you punish the advisors if they are also part of the team and will run with those scumbags.

What you really need to do is just make your own research and go to the deepest part that you could. I mean, social media of them and also their life. You will be like a stalker of them just so to keep your money safe.

The thing is, it will be much work to do that and we are getting tired of doing it over and over. Patience.

[goku1525]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

How can you punish the advisors if they are also part of the team and will run with those scumbags.

What you really need to do is just make your own research and go to the deepest part that you could. I mean, social media of them and also their life. You will be like a stalker of them just so to keep your money safe.

The thing is, it will be much work to do that and we are getting tired of doing it over and over. Patience.

I hope it will reduce the scams in ICO together with old coins in order the investors not afraid in investment and can having a good earning . The reason why they are away from crypto is because of the issues in scams and having a long run in terms of earning but I believe it can fix this problem as possible.

[Iykecolyno]

Unfortunately, nothing can be done about it yet. We should rely on our knowledge and choose projects more carefully. Perhaps the situation will change when countries will adopt laws on ICO, but currently have to try yourself.

Something can be done about it it if it is becomes established in the crypto space a regulatory framework through which any ICO that gets through for approval before launch. Honestly at this point in time some regulations need to come into the system,players should start thinking and working towards it. ICO ratings and sites are not just enough

[Kemileye]

I think the best thing to do in order to reduce scam is to put in place some regulatory measures by the government of countries in the world. If ICOs are registered then scam will reduce.

[bohboh]

I think if there's a regulatory authority handling each of the project/ICO so that there will be adequate scrutinized of projects before its become worldwide known, this will probably reduced scam project in my opinion.

[Legendari]

In my opinion, only investors can protect themselves from scam ICO. It is necessary to evaluate projects more competently, rather than invest in everything. IMHO

[Emilyp]

I think regulating ICOs will go a long way into protecting investors from scam projects. While it's necessary that investors should do their research before investing, you can not always perceive scam projects by merely doing that. Many have perfected the act that it takes a lot more to actually find them out.

[Conte_Forni]

Now there's nothing you can do about it, but I think it will all remain so, in the near future all countries will already make the rules and taxes and we will know for sure that there are no scammers. Although many are indignant at the expense of taxes, I think this is right for the ICO to be carried out according to the laws that will be invented in the near future and for us it will be a big plus!

[cluit]

In my opinion, the measures taken by the bounty hunters themselves and the caution of investors reduce the appearance of scam lately!

That is always the thing. When scammers start seeing that they are not really having an upper hand or they are seeing less gullible people to thread on, the chances of seeing them coming into light would be a thing of the past.

The reasons why scams have been so much on for a while is because, there are so much gullible investors who are just looking to get rich quickly but they are not actually looking at the importance of what they are investing in and why they should be investing in it. There is a huge enlightenment these days and I believe that has really helped a great deal like you said.

[Betwrong]

The best way to reduce scams is to just study! I mean, study the project and do your own diligence before investing in an ico! Or in any project. It is pretty easy to do, and the best thing you could do is to research the team. Who is the team leader? Does he have any experience? Is a the team even public? An anonimo us team is usually a red flag, excluded for this coins that focus on privacy

That's right, researching about the team is the key to not get scammed. Most of us are not that tech savvy to read the whitepaper and make the right conclusions. But if the key team members have had successful projects in the past, there's a good chances that their new project will be successful as well.

I think that an anonymous team is not only a red flag but absolutely unacceptable, especially for newcomers to the game. Making exceptions is very dangerous in this case because scammers can easily pose themselves as ones.

[sherwinsamsung]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

it would be great to see some accreditation bodies checking on new ico and grade them then post them on the net for people to check.  this way people can check on the ico on the website before investing.  I know there are some projects doing this, but this have not been pushed much for people to know.

[craked5]

Smart contrac are used to reduce scam projects. But people are people. Many of them are using even this tool to trick people. Be careful.

[rellor]

In my opinion, only investors can protect themselves from scam ICO. It is necessary to evaluate projects more competently, rather than invest in everything. IMHO

it's very difficult for many people, so scam will exist always in various forms and lazy greedy people will be the victims for them.

[DISPERADO]

The problem is that so many investors do not understand anything in the blockchain technology. If investors had studied the projects in more detail, there would have been less scam icos.