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

[nulan]

Try search on this thread https://bitcointalk.org/index.php?board=83.0 , any members here make reports about projects that have been identified as scams on this thread. and reading the project whitepaper if you have read some whitepapers You will be easy to determine whether the project is promising or not, this step is very helpful for me maybe you need to try it.

[hirngespenst]

It is not hard anymore to find the fake ICO, this year for plenty of scam ICOs, people are getting smarter to find which ICO is the scam or will fail. You need to look through their whitepaper, team members and telegram activity! Most of the fake ICO doesn't have a good team member profile, they always steal team member's picture from other projects, so you need to search their picture on google, and you should read their whitepaper, they always copy paste or plagiarism, and you will see more than 50K Member in their telegram group with zero activity! These things are a good proof to find a scam, fake ICO. Be aware of it.

[lequocvuongpro]

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

Recently, have a lots many scam, fake ICOs, It makes me and everyone tired. There are many ways to find out fake ICO.
EX:
You can look on website ICO: If's under 3 months, 90 percent it's bad site - Check here: https://www.whois.com/whois/
Also. You can see team and check photo of the team
Read and check WP. Thank you!.

[unknown-user]

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

Based on my past experiences, fake ICOs are not having well monitored sale and are only giving updates on their website. And also some things would be observed on their telegram because dev team are not giving any updates on the bounty program as well as the progress of the project itself.

[darmin]

ICO are popping up too much so it's certainly not a scam and knows is something that is quite difficult. Some people in this forum will be able to analyze whether a scam and not when it is entered in the forum and will be disclosed to the public as a whole. but to identify it as well is not an easy matter.

[raven.tiu17]

Actually my clear prediction about fake ico could merely do a hype on telegram. Without any good marketing strategy on social media and not even active on github they copy paste the whitepaper of most successful projects in coinmarketcap.

[nemey]

Actually, the scam or fake ICO is very hard to analyze or to guess. They have great team that present the ICO likely the legit projects. They prepare the white paper and website very well. Additionally, sometimes they also have thousands members in their group I myself to analyze the ICO, I will check their team member one by one on the social media. Whether they are included in the project in fact or not.

[reynald70]

Actually, the scam or fake ICO is very hard to analyze or to guess. They have great team that present the ICO likely the legit projects. They prepare the white paper and website very well. Additionally, sometimes they also have thousands members in their group I myself to analyze the ICO, I will check their team member one by one on the social media. Whether they are included in the project in fact or not.

Yes, that's right, it's very difficult to analyze ICO projects that have Scam potential. Because Scammers are usually smarter to deceive their victims, they present very good and very detailed data for fraud. So I personally, if I want to analyze the ICO project, I will examine the income from investors collected. If it has exceeded Softcap's achievements, I will join this project.

[rricksu]

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

Their white papers is the key to determine whether they are scam or not. You should better read it and you, yourself can easily know how good their project is, If it is attainable and not so promising but its plan is exact, do believe in it. Other thing is to look at their telegram account. You can see how many members it has, if many, do consider it as reliable.

[TastyChillySauce00]

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

Their white papers is the key to determine whether they are scam or not. You should better read it and you, yourself can easily know how good their project is, If it is attainable and not so promising but its plan is exact, do believe in it. Other thing is to look at their telegram account. You can see how many members it has, if many, do consider it as reliable.

Whitepaper can be bought. It's true that we can find out whether the project is scam or not simply by analyzing their whitepaper which ofcourse includes so much information.
But, however I've heard a service to create a whitepaper from scratch including the technical aspects aswell so I guess, if we can confirm whitepaper at the moment can be faked and need other method to find out.

[EmJay]

Before I Join the ICO I stdudied the project thoroughly sometimes I am already on the bounty when I smell something about the project. Then I left the campaign.  The tip is make surw to study the project well, check the white paper, the team and the feeeback from people .

[fuer44]

Fake ico usually never launches their tokens to market exchangers so investors get a loss from the total amount of money they invest for the ico. so far I can't say for sure that ico is a scam or not. but simply to find out is that if the ico is not too long token to the market exchanger, it is certain that it has the potential to be a scam.

[EdenHazard]

You can see it in the scam accusations and its sub forum investigations. There are many people who make a research of the ICO project, so asà every bounty hunter or ICO project investor is strongly encouraged to be active in both forums, at least they can avoid the ICO project which will lead to a scam or even they can make their own determinations to determine project scam and project legit.

[StephanHofmann]

It can't be determined accurately whether an ico is genuine or fake. At least not while buying it. So you have to be careful about the source and its reliability.

[StephanHofmann]

Fraustating as it is, there is no way to acccurately identify an ICO as scam or fake. The only way to stay away from these fake and scam ICO is to do through research before going after a newICO. Fake or scam ICOs always show some hints about its being fake. Though similar hint may not always make a coin fake, it happens majority of the time, so peple should be cautious.

[Mr. Perfect77798]

It is not easy to figure out if its a fake ICO. Generally it has some charasteristics like irregularities with whitepaper, suspicious developer team or unbelievable profit return. But scammers are getting good with their work so you must keep your eyes open.

[Fredsaw]

No one can be 100% sure if an ICO is fake or scam and that is the reason people invest or promote even such intentional scam projects. Fake ICO will always have improper looking bounties,no peoper graphics, roadmaps and poorly written white paper. An ICO with fake profiled team can be another sign of illegal ICO.

[seyola89]

Some scam icos can be detected if you thoroughly review some technical details like the dev team, whitepaper, website, community, etc while some can even pass these checks and still scam. Some ico rating website that do KYC for team can also be of help. Goodluck

[dddudidd]

ICO controller does not exist, but you can easily do research via the ICO website for example by using the ICO Track, ICO Holder etc.

[CryptoToxicAvenger]

Sometimes a fake project, you can easily distinguish on the website, white paper, road map, etc. But also there are scammers who make visibility activities. At first glance, everything can be well done, there will be live chats in the telegram, even after the end of the ICO, they can still maintain imaginary activity. There have already been examples of such projects, they are more difficult to distinguish. We can never be 100% sure.