If an ICO team is anonymous, is it a scam?

[eternalgloom]

For an ICO without any working product, yeah I wouldn't trust that at all.
Now to be honest, even if they weren't anonymous and didn't have a working product, I probably wouldn't trust it either.

Sure, Satoshi made Bitcoin anonymous, but he wasn't asking for funding and he was putting out code.

I don't understand why you would invest into something that's basically just a promise to build something in the future.
If they have nothing to show for it, I'm out by default.

[1715481851]

1715481851

[cudora]

I do not know this, because on the one hand, if the team is great and they are doing their job pretty well, it can also be a great project. But in the normal circumstances, it is always a scam, because the team members are one of the most important aspect of success.

[YinShuiSiYuan]

I advise you to look for projects whose teams are displayed, to be able to find team information from the projects you are currently participating in.

Engaging in such ICO is a simple way to be cheated. If the team wants to be anonymous, it is a very shady business. The explanations why they want to remain anonymous are also unclear, as for me. I would definitely prefer to stay away from this project. It is not worth risking a loss of money.

[inoes]

it looks like we are buying expensive items in an iron box that cannot be seen before we have bought the box first

[Argoo]

The ICO team should not be anonymous. The ICO team does not confirm their personalities and investors are sending their money to them, relying more on trust. If investors do not even know the names and surnames of the ICO team, to whom they can then make a complaint. if in the end they will be deceived? Therefore, I do not advise having a relationship with the ICO team that wants to remain anonymous. At a time when about 80 percent of ICO teams are scammers, such anonymity is unacceptable.

[tamango]

I would never invest in an ico with anonymous team.. it’s very important to check if team is legit because otherwise there can be a high probability of scam

[spngebob]

If I tell you that I will make new rocket and fly to Mars and you will make profit if you send me money, would you believe me?
I don't think you would.

[halpi]

it depends of platform, where ICO is based.
I know that there are few Komodo based ICOs that work very good but a team is anonymous, also Komodo? Did JL reveal himself?

[DonFacundo]

I think only few ICO anonymous team that can be legit, but mostly the anonymous team are scammers so keep away don't invest to them it is so risky.

[siddartha1492]

If I had extra money then also I would never invest in such a project or even participate in their bounty. If you have a project funded by yourself then you can remain anonymous, but if you are crowdfunding, then you gotta show your damn faces. Maybe I could have given them a benefit of doubt last year when there was a ICO boom. But now, when majority of ICOs have failed; I think it's foolishness to even consider such projects.

[nik9990]

I think that if a team is hidden, it can be a fraud, usually all projects flaunt their team - this increases confidence

[Cryptrx]

There is a high probability of an ico with anonymous team members turning out to be scam because people can easily do anything when their reputation is not on the line unlike when they have their reputation to protect.

[troganhorseyo]

Lets see: the korean exchange that just disappeared with investor money and oyster are just two off the top of my head that exit scammed with investor money.

Only invest with CEOS that are visable and vocal in a project. Off the top of my head: modernchain, hinounou, and linkchainx are where ceos are always in chat, always having public events (mfchain had a debate with mcscamfee and other project CEOS) and where they have a extensive business history. If you were to background check them, they would have a clean record.

You should never invest if there is any question about who someone is. Some of these scam projects just put random pics up as the CEO. you should do, at minimum, a huge google search on all project principles.

[Bennix]

As for me ,any ico that is anonymous is a scam ,and I don't invest on icos managed by unknown developers.
I have lost money investing on anonymous icos,and I won't repeat the mistake.in terms of marketing ,they will not do any form of online  marketing and promotion ,and this will result in people not buying their token in quanties.
As a result once they see enough fund is not raised ,they will shut down their telegram and wensite. This is what we have been seeing on some scammy/annoymous icos.
Sometimes,they will claim their contract address have been hacked ,and they may not continue with the project .
However,if the developers of ico are known ,he will do everything humanly possible to account for the fund entrust in his hand.on the other hand,if the developer is a well known influential person ,he won't like to be charge to court of competent as result of mismanaging peoples fund.
Furthermore ,you don't even know who you are dealing with let alone the country he originated from,and this shows your fund is at  90% risk of getting liquidated .
In conclusion ,I call anonymous icos scam because there is no one to hold accountable if the fund is mismanaged.

[marcitosi]

No, this is not always a fraud. this is the right of each project to show or not its team

[hell_slayer]

I do not participate in ICO's and bounties where team is anonymous . I think that if a team wants to be anonymous, then there are reasons for that, namely, they plan to do something illegal. I would give 99% that such projects pursue only one goal - to steal your money. So I do not recommend anyone to contact with such "anonymous" projects

[mirgo1791]

to prepare on works as delivering use of abstract on conception to secures of plan on following with terms of attains as completing with details of use on tasks with examination as targeting use with limit on number of completion.

[GunsLair]

I think this is a bit strange. I probably wouldn't participate in such a project. Since for me it is the team (who they are, what they do, where they worked before) is very important when choosing ICO.

[castiloros]

not all of the ICO who have a team of anonymous is a scam. the most important thing is to always be careful. analysis of the ICO as a whole will help than just looking at it from the side of the team only. There are some great who became even the ICO was done by an anonymous team behind them. so don't just on one programme-information analyzing in ICO.

[Reid]

It is an ICO and they are the one who needs money for their project.
You cannot compare it to what Satoshi did.

Think about it. Did Satoshi even need an offering just so he could continue the bitcoin project? None. He did it for his own and for the people. To be free and not for unrealistic project that is being posted with their whitepapers.

It cannot be the same. It wont be!!!!