Become Immune to Scam ICOs with 5 Simple Rules

[Vladdirescu87]

ICOs, or initial coin offerings, have been around for a few years now. However, it was only the last year when they stepped out of shadows and magnetized the attention of mainstream media, regulators, and, most of all, wannabe investors. The examples of astonishingly successful campaigns that managed to raise millions in a few minutes inspired lots of other ‘disruptors’ to run a campaign of their own.

Still, in the glut of innovative investment, scammers and other hardly-honest players have probably seen the chance of a lifetime to rid people of their money with little to no consequence. It’s hard to say how many scam ICOs are out there, considering the overall number, but it’s quite safe to assume that they’re abundant. These days, when potential investors have seen seemingly trustworthy projects go dark in a day, most scam ICOs look pretty much the same as legitimate ones. They, too, have whitepapers, attractive landing pages, teams and advisors, and so forth, thus making it almost impossible for an inexperienced investor to tell which is which and who is who.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/become-immune-to-scam-icos-with-5-simple-rules/

[Anies_Sandi]

ICOs, or initial coin offerings, have been around for a few years now. However, it was only the last year when they stepped out of shadows and magnetized the attention of mainstream media, regulators, and, most of all, wannabe investors. The examples of astonishingly successful campaigns that managed to raise millions in a few minutes inspired lots of other ‘disruptors’ to run a campaign of their own.

Still, in the glut of innovative investment, scammers and other hardly-honest players have probably seen the chance of a lifetime to rid people of their money with little to no consequence. It’s hard to say how many scam ICOs are out there, considering the overall number, but it’s quite safe to assume that they’re abundant. These days, when potential investors have seen seemingly trustworthy projects go dark in a day, most scam ICOs look pretty much the same as legitimate ones. They, too, have whitepapers, attractive landing pages, teams and advisors, and so forth, thus making it almost impossible for an inexperienced investor to tell which is which and who is who.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/become-immune-to-scam-icos-with-5-simple-rules/

it is true that with such information, it is better for ICO investors to choose an investment place, because now there are so many useless or garbage ICOs that can make us lose money if we enter the wrong ICO

[TooDumbForBitcoin]

I have another one list of the rules

1. If FBG capital is in, run!
2. If 100x (ian balina) is in, run!
3. If DNA fund is in, run!
4. If you already invested and it lists in Kucoin. Write it off.

it is from @kryptoleaks TG channel

[Alluro]

In this time, most ICOs are not giving profitable return on investment to the investors. Yes, it is, one thing you said scammers are taking a part of this ICO projects and they will do that scam smartly. The next thing is most tokens will be listing small exchanges after the ICO. The exchange is an important thing to reach the token price. Another important thing is most ICOs are offering a large amount of bonus in ICO. A large amount of bonus means early investors will sell for the low price. With those problems, we hard to chose good ICO project to invest. Then we have to do own research well.

[cryptolove.143]

Nice read. Thanks for this

[BitcoinHodler]

OR you could become really immune to ICO scams with 1 simple rule:
1. never invest in any ICO

it is not like there is a shortage of ways to make profit in the cryptocurrncy market that you would have to only choose ICOs. there are lots of ways to make profit and trading is the most popular one which has a better chance of giving you a lot more profit. and it is safer because you can see the history of the coin you are buying and selling instead of giving your money to someone who you don't even know and have not yet seen anything from them!

[DanWalker]

Fear and greed are the main rules at any market. Concious members have their own sets of rules to follow, but unfortunately there is a huge amount of not so smart investors which base their decisions only on emotions and listen all rumors around the world.

[slaman29]

OR you could become really immune to ICO scams with 1 simple rule:
1. never invest in any ICO

it is not like there is a shortage of ways to make profit in the cryptocurrncy market that you would have to only choose ICOs. there are lots of ways to make profit and trading is the most popular one which has a better chance of giving you a lot more profit. and it is safer because you can see the history of the coin you are buying and selling instead of giving your money to someone who you don't even know and have not yet seen anything from them!

Exactly! No exposure means no risk. That article isn't enough.

I tell you, I invested in 1 really nice ICO that passed all the article's list. Escrow protection (wow, right?). Incredible developer. Backed by the highest reputation people. Real products, real IDs, real people with real video calls etc.

Failed. They even still refuse to call it a scam ICO, because "they tried" and "they have a product" (which you could have paid people a few thousand dollars to make!).

My lesson. Invest but expect scam and nothing more.