How to avoid a scam

[Vills21]

Before investing in any projects you should be knowing about the project. And you have to be very careful while dealing in the market.
while your are ready to invest you have to check out the background and read the whitepaper of the project.

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[Charlie3]

we must be knowledgeable to judge scams , or see other falling into scams and learn from there experience dont just get greedy and fall for scams first do research and see the actions going on   

[Aponkye1]

It such a sad situation that we have in crypto these days and i believe that if most people are to take certain things seriously and conduct research into their investments they would not fall prey to such schemes.

[Kelvinikke]

Avoid being greedy and you no scamming schemes can elude you. it is the greed of investors that makes them fall prey to the schemes of scammers. Nonetheless the information that OP has shared here is very resourceful and i believe it would really enlighten other new members to stay off their schemes.

[mudyak99]

At the first of your suggest, i think you can add Social Media/Official Fanspage. This is for see a news about that project. This project is good if it has Reddit,Linkedin,and Medium. Its will good too if that team of project has Sosial Media Account too.

[DdmrDdmr]

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The fact that an ICO has a set of social media channels in play is no indication as to whether the ICO can turn out to be a scam. Perhaps the content they feed may hint to some fishy things going on, but the channels per-se do not serve to discriminate scam from non-scam ICOs really.

[mudyak99]

The fact that an ICO has a set of social media channels in play is no indication as to whether the ICO can turn out to be a scam. Perhaps the content they feed may hint to some fishy things going on, but the channels per-se do not serve to discriminate scam from non-scam ICOs really.

Oh sorry, i mean this social media is real and that post is real about their project. I see more scam project is only share crypto news from cointelegraph or anything website that share  about crypto

[onlydumpstersreally]

Do your own independent research, use many different information resources, and if something sounds too good to be true - so just go ahead

[loloos]

Before making the investment you have to survey the project which you are going to invest.
You have to read their whitepaper and should be knowing about the community well and good.

[embarrasstor]

Can anyone suggest how can we differentiate the ICO rating website are worthy, that is better to take it as a reference website to understand and learn more?

[jossiel]

Can anyone suggest how can we differentiate the ICO rating website are worthy, that is better to take it as a reference website to understand and learn more?

The sad fact is most of them are paid to give good ratings to these ICOs. Don't trust any of them and have your own basis as for checking what ICO to invest. But it's better if you'll just stop investing to these ICOs.

Every reference can be paid, good or bad review so if its for your own decision making be cautious for every possibility. Start looking for other legit investment vehicle instead of ICOs now. They are the same in schemes and ideas nowadays.

[hellomynameistom]

There is already a ready skam-checkers, that allow to collect all the above information and doing an activity analysis ICO in social media https://cryptomado.com/ico/

[Agnatez]

Scammers can now deceive you in the most sophisticated way, in spite of experience and knowledge, everyone can get caught in all sorts of traps.

[mewtea]

Good tips for new members, I know these from my own bad experience. Invested in almost the shittiest projects of them just because of the hype during 2017 xD

[Upgate]

Avoiding scam project is more than just reading white paper
A scam project can even have a better white paper than that of a real project well there is no best way to avoid scam project
But one important way is to deal with reputable project manager although this is not completely sure but it's a bit ok

[Distinctin]

Those were just some of the factors to consider, thanks for sharing OP, I hope somehow this helps the newbie who wants to enter the market.
No. 2 which is Stay suspicious: is very important, with the fact that you presented that 80% of ICO are scams, you should be suspicious all the time.

[vazarii]

Thanks guys. I really hope this will help anyone who is new to this.

[ballerin and giroud]

Although it is difficult to distinguish between legit and scam projects, but there are many ways to at least reduce for we to choosing a project scam, including those written by the OP. I think ICO investors are very brave, they can save their money without knowing the future of the project. Like we lend money without knowing who the borrower is. So think again for you when you decide to invest in ICO, indeed when the project is legit, you will get multiple benefits, but if it's not a legit project then your money is not left at all.

[jeromix]

Also, avoid the hype. Many people are just shilling or hyping that ICO or coin. Do your own research and never rely on other's opinion.

In short it is very difficult to spot a scam projects. There are only few projects here that are really worth it to invest and others are just like a good for nothing crowd funding projects. Anyway, I have read somewhere of a post that related to the new system of crowd funding activity from ICO to STO (Security Token Offering). The post indicated that the STO projects are registered as a requirement from the government for the project to proceed and promote the crowd funding activity. Though I have not read any article that support it but it may be good if we can see more STO projects in the altcoins section.

STO projects will  be the best project to join with and investors will not be having more difficulties to spot and do diligent research to identify scam projects.