The perfect solution to scam in the crypto space

[justspare]

a sufficient solution to implement, the problem is that there must be an institution to establish an audit body,
and for the financing to be calculated carefully, whether it is independent or multiple parties.

The only institution that can successfully establish this body would be government institution because I dint see much unity among the ICO users for them to come together and establish one because they are being blindfolded with competition, so they are better in competing with each other than coming together as one to save the ICO industry.

So I guess we still have to wait till we get regulations from government for these body to be successfully established that will look deeply into this ico scam, but before that , we also can try a much as possible to eliminate these scammer by just doing our own research very well before promoting any project.

[Stake13]

Having ICO regulations and Smart contract auditing are really great ideas to prevent a scammer from scamming and hacking in the crypto markets. We can't stop a scammer from scamming but we can prevent being scammed  by having a strong range of distinguishing if it is real or not.

[HK88]

yes it's a good solution to improve investor and public confidence again, we see that there are many cases of fraud. with the existence of ico regulations and intelligent audit contracts, it is likely to reduce fraud cases related to the crypto world.

[Decksperiment]

Aside from suggesting regulation among ICO's which I think would be very difficult to implement considering territorial jurisdictions among countries and their own differing stand on cryptocurrencies, I think another way to minimize being a victim of scam projects starts within ourselves and needless to say, we should do prior research first before participating on any ICO so as to discourage would be perpetrators from continuing their illicit schemes. Also, I'm afraid to say that there will be no perfect solution to combat fraud. Imho.

[nicster551]

1 ICO regulations: if there is ico regulations then investors should only invest in ICOs that are certified and meets the required standards. This will reduce the scam rates as fake ICOs will not be able to raise money for investors anymore

ICO is dead, utility tokens era are almost over and the people learned that most utility tokens have no real use-case in the real world. The best way to eliminate this scam on fundraising is STO cause it is licensed and it is a property and that means you are a shareholder of a certain company.

[sehoon]

The rate of scam and hacks in the cryptocurrency market keeps growing at an alarming rate. In my opinion there best solution to these crimes in the cryptocurrency market are

1 ICO regulations: if there is ico regulations then investors should only invest in ICOs that are certified and meets the required standards. This will reduce the scam rates as fake ICOs will not be able to raise money for investors anymore

2 Smart contract Auditing: I think in other for coins and exchanges to avoid hacks and attacks they should constantly audit their smart contracts at regular intervals (like every 2 weeks or every month).  Doing this will help them detect the bugs and loop holes in their smart contracts and correct it before it is used by hackers.

I think this will help a lot. Especially when it comes to verification of the projects. I think it is already time to raise our standards because as time goes by if ICOs are getting popular as IEOs more of the frauds will be produced and people will take advantage of this. Sometimes, research can't really help us since we really can't get in touch with those people in real life.

[robelneo]

The rate of scam and hacks in the cryptocurrency market keeps growing at an alarming rate. In my opinion there best solution to these crimes in the cryptocurrency market are

1 ICO regulations: if there is ico regulations then investors should only invest in ICOs that are certified and meets the required standards. This will reduce the scam rates as fake ICOs will not be able to raise money for investors anymore

2 Smart contract Auditing: I think in other for coins and exchanges to avoid hacks and attacks they should constantly audit their smart contracts at regular intervals (like every 2 weeks or every month).  Doing this will help them detect the bugs and loop holes in their smart contracts and correct it before it is used by hackers.

Who will issue the certification and who will set the standard and from what country will it come, we should first answer or address this first before we go to proceed with regulation, right now there's still no governing body that implementing how ICO will behave, it's still every one to his own.

[AltcoinsBattle]

.................
Who will issue the certification and who will set the standard and from what country will it come, we should first answer or address this first before we go to proceed with regulation, right now there's still no governing body that implementing how ICO will behave, it's still every one to his own.

These questions inevitably lead to centralization, since there is a dependence on specific organizations and/or people. In the crypto space there should be another solution to the issue of scam.
Maybe some program for deciding whether to create a coin/token. It seems that this development is carried out by the ethereum developers.

[Bitze]

currently it is also very popular to pretend ICOs to be a exchange. so you can also get a good sum of tokens that would actually be planned for the list. 
this is not supposed to be a tip but a warning. but i hope the responsible people get good advice before they start a project and talk to partners.

[HanaTenun]

ICO is dead, utility tokens era are almost over and the people learned that most utility tokens have no real use-case in the real world. The best way to eliminate this scam on fundraising is STO cause it is licensed and it is a property and that means you are a shareholder of a certain company.

so far we haven't seen the growth of the STO project as you can see. because maybe this system looks new to me. and I think the ICO is not over yet, because some ICO projects are still running and they also have proven real and transparent sales.

[amrulshare]

any solution that will not have a big impact to narrow the hack and scam in the crypto room, because everyone knows this sector is very easy to get income quickly without a process that is not too complicated. As an investor in crypto, we should know the risk

[chocopapaya]

I suppose those would help, but they aren't very practical.
People act as if there is one governing authority all across the planet that can regulate trade.
That's just not how the world is set up.

Each individual county has their own laws and jurisdictions, the SEC (an american organization) has no authority over something outside of America.
And since the vast majority of the world is open market capitalism, you can basically start your company or ico in any country.
Scammers will, of course, choose a country with loose regulation and enforcement.

Also, I don't think it is even possible to stop scammers.
Essentially, it's not about scamming, but can you stop crime completely?
stealers are gonna steal, scammers are gonna scam.

[ahmia39]

yes it's a good solution to improve investor and public confidence again, we see that there are many cases of fraud. with the existence of ico regulations and intelligent audit contracts, it is likely to reduce fraud cases related to the crypto world.

I personally also strongly agree with the existence of intelligent audit rules to reduce fraudsters in the crypto world because until now investors are still afraid and tired of dealing with fraudsters, because they always make losses to many people.

[Alisha FR]

the solution to the problem of fraud and hackers in Crypto, in my opinion is:
1. Don't use the ICO concept but IEO, I think the IEO is safer in terms of delivery because the token already has a market.
2. Registered on the market that is truly verified.
3. Implement a strict security system.

[slashz9]

sounds good,so there no fraud and investor or hunter can do their job without fear scam.
maybe after it happen amount of ico will reduce, because there only legal or good project will come out,and scam will rejected.

[Findingnemo]

sounds good,so there no fraud and investor or hunter can do their job without fear scam.
maybe after it happen amount of ico will reduce, because there only legal or good project will come out,and scam will rejected.

No one can completely avoid scam project to enter into the market because the regulations can be passed by the scam project by giving the fake details which can be easily purchased on the dark web.

[jackblacksparrow]

It seems to me that you can think of nothing from scammers.  It is necessary to reconcile with this.  The guys are the Internet, there are no restrictions.  Fraudsters are also people who want to make money or just break the system.  Hackers will always exist.  Get over it.

[Mikell556]

It is very difficult to protect against scam project. It is necessary to have experience studying projects and defining cheaters, which is very difficult to do, especially for beginners. Therefore, it is best to pay attention to the proven services that make up the ratings of ICO projects. But all the same, they cannot be trusted 100%, and you need to pay attention to the project documents yourself and do a control check.

[jdarren]

I really like both of those ideas. I also think it would be wise to include some sort of AML compliance software or tracking. I only know of ciphertrace because that's Binance's partner

[levvv]

The rate of scam and hacks in the cryptocurrency market keeps growing at an alarming rate. In my opinion there best solution to these crimes in the cryptocurrency market are

1 ICO regulations: if there is ico regulations then investors should only invest in ICOs that are certified and meets the required standards. This will reduce the scam rates as fake ICOs will not be able to raise money for investors anymore

2 Smart contract Auditing: I think in other for coins and exchanges to avoid hacks and attacks they should constantly audit their smart contracts at regular intervals (like every 2 weeks or every month).  Doing this will help them detect the bugs and loop holes in their smart contracts and correct it before it is used by hackers.

Even if there are regulations in ICO, there won't be any guarantee that the project will developing accordingly, but at least we can avoid scams.
To be able to avoid scam alone is not enough to bring profit to investors of the ICO.
The guarantee that the ICO project will running according to the roadmap plan is important too, so the investors can measure their ROI time.