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

[Sawadekub]

You should not compare Bitcoin with modern projects. When Bitcoin was created, no ICO was carried out. That is, all the funds that were spent on the development of the idea belonged to the so-called Satoshi (we don’t know who stands behind this name, it could be one person or a whole team).
On the other hand, we have a project that is going to attract funds from its sponsors for its development, but at the same time the project participants don't reveal their identity.
It's just ridiculous. In my opinion this is a scam project. Of course, there is a scant chance that this is a normal project, but common sense tells me to keep as far away as possible from this ICO. What I recommend to you

[QueenCryptomarket]

Sorry, I’m finding a lot of ICO. And for a long time I have not seen the draft ICO with an anonymous team. The topic of this section is not clear in this sense either. Yes, I agree that if a project appears with an anonymous team of project developers, I will never invest in it.

[gunhell16]

It is not 100 percent scam and we don't know what will be the future of the project.
But it is not a good sign to invest with an anonymous team as they can run anytime with the money.
ICO project is best to have team in public and let investors who are they dealing with!

[Kang Bahar]

I say no! Not all projects with anonymous team members are scam project. However, identity is very important to increase the credibility of the related project.
Even though, I'm not interested in the project that doesn't have the identity of the team, because I am very careful to avoid the scam project.

[babsjoe]

I have invested in anonymous project for years without any issue of theft, even before ICO became popuoar, many anonymous folks have tried to raise fund for their project wity varied degree of success! But then, investing generally is risk and you should be aware of this and protect yourself!

[rasulibragimavic]

Such projects are very rare but if the project does not show who is behind it and what people are developing it, then such a project is very likely that it is moshenic. I think the responsibility of people who develop it and if they don't show their face so for a project no one is responsible !

[dupee419]

Anonymous teams are just plain obvious, they are simply too scared to show off their identity because they have diabolical plans with your money, they promise this they promise that to you but they are just really scammers that will make you lose your money, its hard to trust an ICO that is anonymous, and it is dangerous, invest at your own risk if you are willing to give off money on ICOs like this.

[yesyes18]

Well, if you're genuinely organizing a project and you're hiding yourself from the public or more specifically your investors then I think something may smell fishy. The team of every project should be known. People must know who they're trusting their money with and also know his past records. Well, this is crypto and many people have scammed with fake team before and so there's no assurance knowing the team can absolutely prevent scam.

[hamba laeh]

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 we all know at this time that very many ICO projects were founded by several people who we did not recognize and also called anonymously ... but we must be able to analyze each ICO project that we will invest ... because we don't lose money we have in a futile way

[Sawadekub]

Anonymous teams are a scammers trick - it has always been known because it is in this way that scammers avoid any responsibility. After all, when there is no real person, there will be no one to show legitimate claims if necessary.

Not always, there were really good projects with an anonymous team, and they did not disappoint. However, the vast majority of such projects are really scam, and they should be avoided.

Please name really good projects with anonymous development teams.
If you take  Monero, then yes, part of the development team is anonymous, but still the other part of the team doesn't hide its identity.

[george_hured]

The team members give credibility to an ICO project and the situation that the team members do not want to be known is dubious.

Team members are obliged, I repeat that they are obliged to show their faces, because otherwise the project will be considered a scam project, moreover, they will soon be required to undergo verification.

[lornadane]

Satoshi is anonymous, but without Satoshi, I can't imagine the cryptocurrency market! Satoshi made a working product, people were not interested at first that's why bitcoin was not popular of its first time. But as Satoshi explained how great the blockchain technology and this technology have great impressions for a good future then millions of people started involving with bitcoin! So, that was different mate.

At this moment, without a transparent team, never believe some words to invest your hard earned money! Skip them and forget about it. Always you need to look the project team member and their activity first, then other steps come!

[sky_Gritzz]

maybe can be to scam project, i see few project with anonymous/not showing the team and ended with scam project, that's why showing the team project is needed for build ico campaign and make investor trusting the project and investing the money

[CaVO32]

Satoshi is anonymous, but without Satoshi, I can't imagine the cryptocurrency market! Satoshi made a working product, people were not interested at first that's why bitcoin was not popular of its first time. But as Satoshi explained how great the blockchain technology and this technology have great impressions for a good future then millions of people started involving with bitcoin! So, that was different mate.

At this moment, without a transparent team, never believe some words to invest your hard earned money! Skip them and forget about it. Always you need to look the project team member and their activity first, then other steps come!

i do agree with you. in these days, if the project is holding an ico and they are anonymous, better be careful. i didn't say that all anonymous teams are scam but you need to do your own research and if you want to invest, make sure that your life doesn't depend on it. more scammers are on the loose. they know how to deceive users here.

[Altf4]

There is a possibility that ,if an ICO is anonymous it would results to a scams, when a certain bounty project or ICO project are not transparent ,what they hiding their identity with no important reasons , bounty or project should be presented in a well introduced team members and platform so that the members and investors would gain trust for the project.

[amos77978]

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?

In the first place.. why would you wanna give out your money to someone who won't disclose his Or her identity?? If a project won't disclose its identity or where about..  then it shouldn't run a fund raising

[chenczane]

YES. It is a scam. Legit ICO's always have their identity shown to the public. Being anonymous means that they are hiding something and its usually a bad thing. Even newbies will not invest on an anonymous ICO. I was amazed to see how many people posted on this thread as we all have the same answer. Don't  say it will not be a scam just because you want to be different.LOL, you know the truth

[Macinto$h]

I remember a couple of projects that had an anonymous team and at the same time they turned out to be real projects and this projects was succeed, but this is rather an exception to the general rule because anonymity usually means deception.

[Kang Bahar]

investors trust begin from their identity.if developers team could not provide their identity well , how could we trust to them.just for prevent if someday they left the projects and steal our money, how we us could report them.

For this, we have different opinions and responses. I say not everything is a scam, but that does not mean I am easily attracted to projects whose identity is anonymous;

because I am very careful to avoid the scam project.

That means, we all have a lack of trust in such projects.

[krisnajsadrak]

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?

yes, satoshi is an anonymous guy
but, there was no ICO on bitcoin in the beginning
so, do not comparing satoshi with others anonymous guy who want to collect funds by doing an ICO with their project my friend
not all ICO with anonymous team are scam, but the risk was become higher, if you invest in ICO with anonymous team buddy