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Author Topic: If an ICO team is anonymous, is it a scam?  (Read 4397 times)
Liklopor
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November 17, 2018, 07:37:08 PM
 #161

it doesn't necessarily turn out to be a Scam. you will not be able to find out whether the new ICO will be a fraud or not.
MathiasCrow
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November 17, 2018, 07:40:52 PM
 #162

I believe displaying info about the team doesn`t make the project a auto non-scam for several reasons.
First of all, how can you be sure that these people are real? Photoshop is still a thing, as well as fake accounts on LinkedIn.
Then, what`re gonna do after they run away with your money? Trace those people and lodge a lawsuit? See point above, nothing prevents people of the project from being fake personalities.
ICO teams are in perfectly safe position here: we can do nothing to them, the only action available is to invest or not. We`re basically entrusting them with our money with no safety-trigger.
Slark
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November 17, 2018, 11:19:22 PM
 #163

Probably Yes. In any case, it is extremely dangerous to invest in such ICO. People who want to create a good project, they have nothing to hide. They should not hide behind anonymity.
goolesby
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November 17, 2018, 11:28:56 PM
 #164

Actually, showing the team member clearly will really ensure us to see who are behind the projects. It will increase the credibility and trust from the investors. Anonymous team will affect to the lack of trust from the investors to invest in the project. But, I ever participate in one ICO with anonymous team. I was very worried. But, the project was real and now it has been listed. But, I cannot determine that it will be OK for others. Just be careful.

zurc
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November 17, 2018, 11:36:31 PM
 #165

It's a 100% scam because they are afraid to get caught in action and it is their strategy to avoid punishment. if the team really wants to make their project successful then they should show themselves and participate in summits, blockchain forums and etc and it will lead them as strong team.

TribalBob
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November 17, 2018, 11:37:57 PM
 #166

I recommend you to not spend your money into ICO project that doesn't have transparency about the team. It's better if the project reveal their Team identity, especially their CEO or Founder. It's should be have less probability to be a scam project, in my opinion, especially if the project doing Roadshow/Interview/Meet up.

kopisusu
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November 17, 2018, 11:44:31 PM
 #167

bounties that don't publish their team in my opinion are not problem, as long as they want to be transparent in sales such as publishing etherscan and are actively telegram to answer all people's questions, but all return to each person to join or not
ridho002
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November 17, 2018, 11:45:35 PM
 #168

Actually, showing the team member clearly will really ensure us to see who are behind the projects. It will increase the credibility and trust from the investors. Anonymous team will affect to the lack of trust from the investors to invest in the project. But, I ever participate in one ICO with anonymous team. I was very worried. But, the project was real and now it has been listed. But, I cannot determine that it will be OK for others. Just be careful.
Right, Anonymous team in an ICO not making the reason for claim that project is a scam. In fact, there are some real ones, only the risk of the possibility that the project will escape investors money is higher, because they are hidden, so it is difficult to trace. And although the project is real, people will always feel worried.
Bloodseekers
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November 17, 2018, 11:50:44 PM
 #169

I can recommend to skip ICO with the anonymous team because you can loose your invested money. Don't risk your money if you're not sure about the project. Satoshi didn't raise money!
I agree with this anonymous team is hard to believe better choose to play safe than lose money, but if you trust the project go ahead because not all anonymous team is scam, i already join with 1 project with anonymouse team and success. The point is always do own research before invest in ICO
Goodnuel
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November 17, 2018, 11:59:36 PM
 #170

Yes, in most, if not all cases, an ico with an anonymous team will always end up to be a scam project. If you are genuine, why will you need to hide your profile?

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Enzos
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November 18, 2018, 07:22:57 AM
 #171

Developer team anonymity usually increases the risk rate, but there may be very few projects that need to do so. Usually I don't choose to invest in such ICO, including public ones. Because the scammers can swindle in a big way, no one can object to them.

chidi6957
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November 18, 2018, 09:11:12 AM
 #172

For any team to be anonymous, there is very tendency that it will and scam. I mean its a very high risk cos they are bidding under the mask. And looking at the high rate of scam projects this year, I don't think its a risk worth taking
sammiu0612
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November 18, 2018, 09:19:21 AM
 #173

There are many ICOs, you should  pick up some of the best projects. Why did you choose the anonymous project? The rate you cheated is higher than the transparency project.

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TheClownSong
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November 18, 2018, 09:48:23 AM
 #174

If the team anonymous and they doing ICOs, i am better not join in their ICOs. We should careful before join in some ICOs and good team is one important factor why we join in the ICOs. Better choosing another good ICOs with good team developers
miklesm
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November 18, 2018, 09:52:45 AM
 #175

As for me, I do not trust the projects who hide their teams. It is one of the most important parts of the successful development, so I do not invest in projects which does not provide evidences of the experience of the team. It most cases, it is just a scam project.
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November 18, 2018, 10:03:11 AM
 #176

This is bullshit stop comparing this to Satoshi , Satoshi did not launch an ICO while you are asking our money for your promise, you do not have a working platform and we do not know who will receive the funds and if things will not work out who will investors go after, it's so easy to create promise and so much depends on who is running the project when launching an ICO

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KarinaMix
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November 18, 2018, 10:36:02 AM
 #177

For me it is very important when the team is not anonymous, I somehow do not trust such projects, I want to see the team and find out information about them, personally for me it is more transparent.
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November 19, 2018, 05:06:04 AM
 #178

If they're very evasive about giving out their team info then it must be scam because first of all, the team behind the project plays a very important role in the project's success. If they have such a great team then they must be open in sharing info about them.
Bharathi13
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November 19, 2018, 05:14:10 AM
 #179

Comparing Current anonymous projects with satoshi would be stupidity as there has been lot of recent scams & It is advisable not to invest in projects which have anonymous teams and devs of the projects. Satoshi developed fully working & revolutionary working product which is still on the top and it wasn't ICO. Most of the upcoming, ongoing, and completed token sale ICOs don't have working product & once they exit you cannot find them so its better to invest in ICOs which have revealed its team members which can help to conclude credibility of ICO and making decision of investment.

nulan
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November 19, 2018, 05:18:02 AM
 #180

several times I found this, so the opinion of the opportunity for a scam could be true. especially for projects that use eth platforms don't make their own coins but all of them are just a possibility we will never know before the results of what the project did we only can wait and see.
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