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

[Fu Mei Mei]

Yes, definitely scam!
Satoshi didn't ask anyone for money when he set up this system. He didn't say anything to "send me money." On the contrary, he gave himself a great gift to the world.
Now icos are completely based on collecting money from people. And if you want money from me, I need to know who you are!

I agree with you, although basically Cryptocurrency is anonymous but considering ICO is a project that requires funding from early investors like projects in general so information about the company and the team behind it must be validated so that when bad things happen to the project investors can ask for accountability

[1714866998]

1714866998

[wxa7115]

It depends on how this anonymity is managed, if they are trying to remain anonymous by stealing the identity of other people online and they are pretending to be them and they do not reveal this to their investors then you can be sure that the project in which you want to invest is a scam and you should never believe anything those persons say about their project.

If in the other hand the developers say from the beginning they are not going to reveal their identities and the project in which they are working requires that kind of privacy out of them and they also do not steal the identity of others then the chances such a project is a scam are way lower.

[Invigorated]

Most likely..... If anything surrounding an ICO team seems hidden and concealed then most definitely such a team has something to hide or better put, have ulterior motives. I see no reason why any team will want to remain anonymous and then expect anyone to trust them with their investments. Personally, I stay off any project that has no trace or has no public face. Statistics shows that such projects are bound to abscond with investors monies for the reason that, they can never be traced whatsoever. If a project does not have any verifiable physical presence then it is better you don't trust them with your funds. They have been too many fraudulent activities on this atmosphere for anyone to keep repeating the same mistakes over and over.

[mickey_miner]

If the team is anonymous and they do not have a working version of the product, then most likely it is a scam project. Not one investor will not invest in such a project.

[Lorin]

It is important that you know the team members of a project because you will invest your money on it. No one will allow to invest his money on the project that  people behind are anonymous. Be careful in choosing an ico project  because a lot of fake projects are still increasing.

[aligator2017]

If someone don't want to reveal themselves that means they want to hide something. And this is the most weird thing from their side to compare themselves to Satoshi
If they want to be like satoshi than they need to forget about ICO - Satoshi just launched mainnet, everyone could get in this

[Escf4]

There is a great possibility that an ICO team is anonymous is really a scam, why you hide ,or does not reveal who the members of the ICO team the place where this ICO originate , so there are names hidden for this ICO project tgen we could not trust it , if they have victims of scams we do not even know who they are.

[ashaksagnis]

i think yes! Cause why they need to hide id if project is legit.  i saw some scam projects even where team member photos was edited in photoshop.

[devinks]

yes it is certainly and clearly a scam, because we do not know who is behind the team and of course the ico is not selling or will not survive because people are afraid to join, so it's useless that ico was created and made just in vain.

[CoinCollect]

I think that investing in a project with an anonymous team is too risky and I would not do it. I think there are a few normal projects with an anonymous team, but hardly a lot of them.

[xiboothrezi]

Satoshi has been creating a fully working product and blockchain platform called bitcoin and this team created nothing to be showed. It's too risky to believe in a new team without a fully working product.
If this team create an ico and it can't be trusted and believe me that involved a very high risk.

You are right. Moreover, many Ico fail and scam. Investor confidence decreases, especially if the development team is anonymous. A strong and trusted team is one of the main criteria in Ico's current election, it is very supportive. The market effect is bad, many Iico scams, a lot of negative news, so it makes investors more cautious. My advice, just leave the anonymous team.

[Perkovic]

I believe that this is a fraud and it is not necessary to participate in this project if the team is anonymous

[carrascos]

No, of course this is not a scam because the developers simply do not want to be lured into other projects

[zhengqi]

I also hold the opinion that the anonymity of the team does not mean that the project is fraudulent. To find out a good project or not, you need to check on several criteria. After all, the analysis includes the assessment of several components and the final conclusion.

[plr]

if they do an airdrop that's ok of minus the KYC but if they are going to do an ICO there is a high risk investing in an anonymous ICO they are not scamming right away but it's questionable because you don't invest in people you don't know and where and who do you run after if it turns out to be a scam.

[kalashnikovski]

No. It all depends on what level of anonymity. There are projects that do not even publish white paper and information about themselves, and there are those that show their faces to investors from certain volumes.

[kingvirtus09]

Yes indeed, it's 100% scam how will you sell your token if you can't show your faces on public sale? Unless you are recognized by some exchanges or Institutional investors.

[shark69]

intentionally keeping the team members secret is also good for avoiding pressure from outsiders, especially if the project has the potential to be large and good, many people will certainly put pressure on them.
This depends on how they can give a sense of trust to investors and followers, such as the way used by Satoshi Nakamoto.

[irsada]

I personally will never give my money to someone I don't know and will leave the project.

[Fidelius]

When deciphering between legit and scam ICO's, one of the main things everyone says is "you have a look at the team and see if they're transparent."

The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.

I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.

from their FAQ:

"Why aren't you revealing who is in your team?"

"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.

Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.

Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.

In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."


Satoshi remains anonymous..

Thoughts?

As far as I know, white paper and other documents speak best about the project, not the team. So if the team is anonymous, and the documents are excellent, then I will be happy to do this ICO