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

[igor.vanyutin.83]

You will need to research a project, in that you want to take part in. Just read the whitepaper, check the projects and developer teams. Look at the rating websites and at the community stats in the social media. If you do not find anything strange, just invest in this ICO.

[Braeden Hahn]

In order to avoid becoming a victim of a fake ICO it is up to you to do the required research regarding it. Looking into their idea and how strong it is, what their strategy is about moving the idea forward, the team behind it, their community and how often they update and respond to consumer questions. All of these things play a part on if the ICO is legit or just another scam.

[Komandor8957]

If fraudsters really want to get your money as an investment from ICO, they can do it a bit. If you are a very demanding and attentive investor, you will be able to recognize the naked lie in white paper. Only about 5% try their best to make a quality website, an idea and promote their ICO.

[Crelakoth02]

There are some traits to a fake ICO. Firstly, see if their idea is legible, then go for researching the persons working behind the ICO and look for their past success as this will help you in holding them reesponsible regarding any scamming case.

[Adwigossi1]

Honestly there is no pattern or activity that can help a person to identify a scam ICO. Usually high profit claims, bad business model and poor developers are the signs of scam ICO.

[Severalle06]

There is no ground rule for that. Forging social media profiles realistically is quite easy. Not everyone has the aptitude to understand every word from white paper. The only thing can help certainly find out whether it's a scam is the community. You have to dig deep, do extensive research and keep eyes and ears wide open.

[Soreseth02]

There is no 'How to Recognise Fake ICO 101' at this moment sadly. You can do so much stuffs to avoid them but still may fall a victim to it. Usually people follow some traits such as background checking in different platforms. But one thing is certain, you have to act smartly and don't ever rush on it. Ask people around, follow the forums and you might make it.

[anume123]

Fake ICO always spreading here in bounty sections but some legit ico will know it you review their project and the team. I always read whitepaper of the ico so i always know if the ico is legit or fake.

[Razick]

Fake icos are projects which are put out by scammers in order to make money from people who are looking to invest in new coins when they have no intention of continuing the project later and one of the best way to spot out the fake icos is to look for the faces behind the project, there is usually no face behind the project which makes it easier for them to take off with the money

[thelemot]

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

if you suggest seeing ico on the ico website, I want to ask for your explanation, why can a scam project be registered in the icobench? for example triggmine scam projects registered on the ico web

[thelemot]

Fake ICO always spreading here in bounty sections but some legit ico will know it you review their project and the team. I always read whitepaper of the ico so i always know if the ico is legit or fake.

how do you know the ico project is scam by seeing white paper? because the ico scam project they are doing very well and is difficult to compare

[Omega Weapon]

Fake ICO always spreading here in bounty sections but some legit ico will know it you review their project and the team. I always read whitepaper of the ico so i always know if the ico is legit or fake.

how do you know the ico project is scam by seeing white paper? because the ico scam project they are doing very well and is difficult to compare

One way to know if the ico is a scam is by looking at the whitepaper and see if they copied any part of their whitepaper, if you find they did then there is a very high probability that you are in front of a scam, another way is if you have high technical knowledge you can identify if what is written in the whitepaper makes sense or if it is even possible.

[Awoben]

Fake icos promises unrealistic achievements. Once you see this know its a fake one,  example, a project already talking about getting listed on binance when they are yet to reach their soft cap.

[FirstCryptic]

In order to evaluate the ICO project, I look at the product of the project and also how the developers evaluate their product, that is, how adequate the project cost is from the developers.

[Considered]

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

I agree with the fact that there should be some kind of way to verify that the icos are legit before they are put into the market, so many people are now putting a lot of their time and effort and money into fake icos without knowing and it is affecting the credibility of the crypto market. They need to be stopped and there needs to be some way that the icos can get vetted properly

[baghdatis1990]

     It's hard to know if your project is SCAM or not. Better research needs to be done. It is simple, however, to choose a project that is not SCAM. You need to track and choose projects where managers and founders are known and have been successful in the past. If you sign up for reward campaigns or choose investment projects with unknown managers, go a little at risk. The crypto market also involves risks, so it's worth trying as long as you invest just the money you do not need for your daily expenses.

[nicster551]

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 can really never know if that ICO would be fake at the end. Sometimes an ICO could be great with their background but still be a scam project in the end.

[Bennix]

Fake icos are dead and scammy  projects established by unknown scammers .As a result ,many crypto traders have lost huge fund on fake icos.This occurs because many traders and investors are not researching,evaluating and checking the veracity of the truth in what they aim to invest in.
Sometimes ,developers of fake icos present poor written white paper ,and some fake icos don't even have any well written white paper.If there is no white paper showing the roadmap of the project ,it means the developers are not prepared.Some fake icos have no website,twitter,Reddit and facebook.However,fake icos are backed by faceless developers who keep on telling people how profitable  its ico will be.When you see all these things i mention above,you don't need anyone to tell you the ico is fake.
Everyone know that marketing is highly important in fund raising.The question is,why are some developers lunching icos decide to be faceless?Sometimes,one need to know the team leaders of the project he wants to invest in.I pointed this out because if you know the team behind a particular project,you can know what the team can do.
To make the matter worse,some developers of fake icos hide their country of origin,and people are investing without checking the true identity of the developer.when you interview the develooers of fake ico,you will know because they will be telling you unrealistic things.

[Kiefner]

You this only 26 October noticed? This forum already has a lot of topics on how to do an ICO analysis of the project you want to invest in or whose bounty you want to participate in. Still, with such a plentiful number of fraudulent projects, you will encounter them very often.

[Stervyatnik]

In general, one cannot be 100% sure that another project will be a scam, that is why people do not always publish their investigations!