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

[79b79aa8d5047da6d3XX]

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.

Too simple, everyone will recognize if the project does so. Now the project looks very real, but its true nature is scam. They still develop their project until the end of the ICO for several months, then gradually they will abandon it. That is how very smart scam of the ICO

[bitcoinst]

Look at the projects that turned out to be a scam, they still have a lot of traces left on the Internet, they all made the same mistakes that you should be able to find.

[basyang]

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

Even though we had a basis to see which ICO is fake still we can not identify it easily,because some ICO scams are good you can not identify what is their intention. The only thing we need to know is to check the background ofbthe project team and the project manager if they had a good experience when developing and handling ICO projects.We need to an assurance before we proceed to participate.

[meloman4u]

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 pay attention to the white paper of the project and the development team. Having studied these two aspects, we can draw a conclusion for ourselves, but it still does not give a hundred percent guarantee.

[sanacaks]

Even the most promising ICO can turn into a scam project. This year many of the promising projects makes me really frustrated. I believe making an ICO must not be easy like that. Crypto do not need regulation but ICOs are needed to be regulated to keep crypto world healthy.

[dewildance]

This issue has been discussed many times. Unfortunately there is no easy way. And even if you're careful, there's still a risk of investing in the SCAM ICO.

[gerjiss]

No one is sure whether the ICO is a fraud and knowing that how much can be invested in ICO profitable, many are still trying to invest in and choose good projects.

[Cheesus]

This issue has been discussed many times. Unfortunately there is no easy way. And even if you're careful, there's still a risk of investing in the SCAM ICO.

Even ICO has reached the hardcap still scam. Do you know the cryptassist project? This project raised 50 million $ at the ICO and after the ICO ended, they disappeared and did not make any updates to the investor and I was scamed quite a lot in this project

[payjoe93]

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 suggest you to research more deeper.. try this..

Firstly :
Im more interested to ICO who have work office. Usually, you'll find an office address on bottom page of ICO website. Then, find them on google map to make sure that project (company) is available.

Another Ways :
Find team on google, usually, team of ICO have a linkedin account, and see his current work position, then find his social media (twitter, facebook, etc) to see his activity and update.

That was optional ways to avoiding scam/fake ICO and make sure before investing your money to ICO.

[cryptosmoker]

Too simple, everyone will recognize if the project does so. Now the project looks very real, but its true nature is scam. They still develop their project until the end of the ICO for several months, then gradually they will abandon it. That is how very smart scam of the ICO

That's true, it's very difficult to know whether the ICO is a scam or not now. Sometimes the project looks so good, so potential, so real, but it turns out that the project is scam. We need to be very careful, we should know all the information about the project well before deciding to join that.

[bep42]

We have no way of knowing with 100% that ICO is a fake or not. There are a number of criteria which I personally consider before deciding to invest in ICO or not.
1. Team profiles on different social networks. If it is a fake, then you should think.
2. A work product. Today it is difficult to trust without a product.
3. To learn a technical document and telegram chats.
4. You can ask in the telegram chat about an amount of funds that has been already collected, and request the wallet address for making sure. If the team gets in touch with you and provides information, it means they have nothing to hide.

[Omega Weapon]

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

I disagree, there are some projects that are very obviously a scam and as such people can publish the results, there are some other cases in which things are not so clear but it can still be worth to publish the results of your investigation so the developers of that project can clear the doubts that you have about their project, and if they don't then the likelihood of the project being a scam is very high.

[judyrob]

addressing and filtering the ICO scam it's not easy to do. only with the analysis and sharing of information then this could to overcome. Anyway too much ICO are popping up also if to analyze one by one is not easy and will take a long time. ICO scam aims to dupe people who don't have a deepening good crypto and this will be a lot going on.