give an explanation about fake ico, and how to find out

[thelemot]

I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project

[bigcash2011]

No one can be 100 percent sure if an ico is fake or scam and that is the reason people invest or promote even such intentional scam projects, there can be some signs though that can be considered as red flags like copy paste of some other projects website or whitepaper content, fake or suspicious team members, too shiny or high profit claims.

[trecore4]

I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project

Fake ICO will always have improper looking bounties, no proper graphics, roadmaps, and poorly written whitepaper. An ICO which is legit one will always take their own time in creating all these stuff because they know very well that these are the first things which people come in contact with and thus can be first impression cum last one!
An ICO with fake profiled team can be another sign of illegal ICO. So better study those profiles by looking at the linked in profiles of them.
I am pretty sure these are the first line of signs which can tell you many things about the ICO. Just go through them thoroughly and you are good to go.

[Nisharawal]

Mostly i look at the team behind it, what they have accomplished so far and if they have digital trust..

[new_crypto_world]

the first thing i control on an ICO is the team.
who has a fake ICO tends not to post any update about the team, with no links to profiles like linkedin, facebook or so on
the second thing i see is the whitepaper and the quality of the project. the scam ones tend to be vague.
the third thing is the communications of the team, the time to respond to questions and so on.

[btcluisdiki]

I think it's really difficult to know that an ICO is a scam or fake but I do have in mind on how to be able to find for a good ICO. I usually do make a research of my ICO choices and look for the ratings coming from the experts review and then I check on the team members if their personal information is being posted on the ICO website. Next, I read the whitepaper just to check what the project platform is all about and the bounty manager who handles the project which I believe higher ranks should fit for the position with no red trust rating. Lastly, my last consideration is to check the spreadsheet if there are many high ranking members that are participating which I believe legitimate to my preference.

[Hanebel]

I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project

Good suggestion but I guess admins here in the forum are aware of the rampant scam ICOs but still don't have a perfect solution fort his issue, I hope they are on the works. While we are waiting for that to be realized, please follow this thread https://bitcointalk.org/index.php?topic=4981560.0 about the proven scam ICOs so you could be aware and protect yourself.

[Gembul0705]

This is really hard to know fake ICO you must observation and make research to spot this but maybe you can read this https://bitcointalk.org/index.php?topic=5004397.0 maybe this can help you. And always cek at here https://bitcointalk.org/index.php?board=83.0

[cathalary153]

If it's an ICO, it should have a token based on blockchain technology and a clear explanation of how it works. It does not prove this, which means it may not be legal.

[bobyhodob]

its not too hard actualy
I'm just looking for legit ico on rating platform like tokengrade.com , ico bench etc
I can only believe in projects whose teams have been verified by KYC it's for how I can choose a good ico

[Trixie28]

In my own opinion detecting a fake ice I just first check if their road map, team member, white paper of the scope and presentation of the projects. Then I check their previous work that they accomplished if it succeed or not. Their trust on their profile also one of the best requirements.

[Thanasis]

I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project

You need to find them by doing extensive research before investing your hard earned money and it is nut a simple job because those scammers are doing everything at perfection to steal lot of money from people.we can get an idea when we knows about the project team.

[felicity06]

Finding out the differences between legit to fake ICO's is quite difficult especially when it comes to projects statistics or projects main idea. Sometimes fake ICO was very realistic and that's the reason why there are so many people especially investors are being scammed. But with the help of some legit site that observe ICO's development and roadmap it could be prevent widespread of scam of fake ICO.

[TastyChillySauce00]

Finding out the differences between legit to fake ICO's is quite difficult especially when it comes to projects statistics or projects main idea. Sometimes fake ICO was very realistic and that's the reason why there are so many people especially investors are being scammed. But with the help of some legit site that observe ICO's development and roadmap it could be prevent widespread of scam of fake ICO.

Not that difficult if you know the basics, scam ICO tend to use fake LinkedIn and random people's photo profile aswell. If you take a look, their picture always somehow quite fishy and do a google image research on that one. It's quite easy. However, whitepaper could be bought from someone else but the authenticity and how the whitepaper stands with logical and technical explanation is what matters most.

[Bolivar_Tony]

I don't think mods would have the time to review or verify an ICO before it is posted on the forum however it is the duty of the community, you and me to always check those ICO and do research on it and report it as a scam if it is found to be so, that way you are contributing positively yo the forum. Many people have been doing this for the community for some time now. 

[thelemot]

I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project

Good suggestion but I guess admins here in the forum are aware of the rampant scam ICOs but still don't have a perfect solution fort his issue, I hope they are on the works. While we are waiting for that to be realized, please follow this thread https://bitcointalk.org/index.php?topic=4981560.0 about the proven scam ICOs so you could be aware and protect yourself.

good advice, it will help people not be fooled by the fake ico project

[batang_bitcoin]

its not too hard actualy
I'm just looking for legit ico on rating platform like tokengrade.com , ico bench etc
I can only believe in projects whose teams have been verified by KYC it's for how I can choose a good ico

Not all ICO rating sites are giving accurate reviews for those ICO's.

They can pay for the good reviews even they are hiding themselves under a veil. There are DT members who have been busting scam ICOs voluntarily and as part of the community, we need to contribute of the same. Warn people if you caught one.

[vvalaby]

There is no controller. At this forum somewhere else. It is simply not possible to make it. There is a lot of projects, but to watch their honesty there is nobody. It does everyone for itself.

[pixie85]

You have to watch the project and check for inconsistencies. Things that make the red light light up.
Something strange about the project, fake hype, shilling, unknown team, team caught lying. There's a lot of it. If you're to spend money you better know it all before you do.
If you're not sure don't risk it. It's always better to be cautious and not lose any money.

[daladno12]

I want to ask about fake ico that is too much lately, is there no controller about it in this forum, too many people are fooled by fake ico, should I have ico verification when creating an ico thread in this forum to make it clearer the ico project

If no MVP this is a scam ICO. If it has MVP then check it. Scam projects like to show apps on Apple store and google play market that don't belong to them. They just emulate the websites similar to the websites of real owners of the app.