ICO and scammers

[kanayaTabitha]

You should make a team, Find a friends or partner that you can trust from another country, and make a contract with them that you're not become the CEO but the result of the crowdfunding and the selling profits, you will get the biggest part. So you will just their name as a team project but with your idea

[Peanyut991]

Yes you're right, that there are currently too many scammers behind the ICO project. And the bounty hunter doesn't want to know about it, what I want is to get the bounty hunter to fight the scammers behind the ICO project.

[Aabcde]

So what exactly do you want to make ICO?
When viewed from the investor's side, yes they have the right to know who they are putting money for and what the money is for. Naturally, investors want to look for profit, which is offered by every developer.
Between developers and investors, they must live in different places, which is suspected to be a scam for developers. Therefore, it is mandatory for every developer to show his true identity. And that is part of the good character of ICO.
If you want to remain anonymous, it's better to make coins or tokens without ICO. As do the coins in 2017 distributed them for free.

[Kambal2000]

Yes you're right, that there are currently too many scammers behind the ICO project. And the bounty hunter doesn't want to know about it, what I want is to get the bounty hunter to fight the scammers behind the ICO project.

For bounty hunters, they massively joined every campaign, maybe they are just most likely scanning the bounty and not doing thorough research as they are joining a lot of campaign, thinking and hoping that one might legit one. Ranting in telegram cannot do anything as scam project can easily run away if they want, and bounty hunters cannot do anything on it.

[Reid]

Let us try to put it in vice versa.

You dont know me, I will not write anything by myself. Will you invest with me? Will you take that large risk without even knowing where or whom you are transacting with?

Those are the questions that needs answers for you to continue your business.
Being transparent is a part of it. But if you cannot because of the law that exist in your country then better find another business that is legalized there.
Do not risk it by going to jail the time you are arrested and you will just lose all the efforts you made.

[dimonstration]

it's arguably very complicated, but in the ICO Project you have to use your real name, original photo and everything if you can't do that means you are scammers, and it's better not to just follow it better than you are imprisoned, I am very respectful of you about your interest in cryptocurrency

I think he's trying to say that cryptocurrencies is banned in his country so how he'll be able to create his own project without letting them know his identity that might caused him to be imprisoned soon. It's indeed complicated but he can team up in some teams in different country to atleast registered their project so it will not be a scammy project since investors needs to know once identity of the team now. It's better to be honest in all terms than to be tag as scammer.

[ajiz138]

One safe way you can choose is to build partnerships with your friends in countries that allow ICO and IEO. You have to trust your ideas to be managed by your friends, but still with your control and you are the person behind the project. It is indeed a difficult choice. ICO and IEO need your real account whereas if you provide and publish your real account, you will be arrested and sentenced to more than 5 years in accordance with the regulations in your country. The point is to build intimacy and cooperation between your friends in a country that allows ICOs, find the right person with the same goals and vision.

[NathanJB]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

Anonymity is good but if you are promoting a project which is also conducting an ICO, you cannot just hide behind a fake name or fake picture. You cannot do that because investors are looking at your background and capabilities. You are not Satoshi Nakamoto who is designing a project away from the public and does not even calling for generous benefactors and interested investors. Accountability is very important in a crypto project nowadays.

[michellee]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

In this matter, there is nothing you can do except introduce who you are, what you do on that project. People or investors already got scam by many projects, and they don't want to get the same things in the future. I guess the investors will find the project that has a real project, with real people who are serious about working for the project. Maybe the other way to this is you can try to get a team from another country who can explain the project, and he can claim that you are a dev and part of the team, and you are a very serious person who wants to do a project.

By doing that, I think soon or later, and you can get an angel investor who wants to invest in your project. You need to transparent to other people so they can see that you and your team are one group that works together in one project.

[joshua123]

Country like Ukraine is probably protecting their interest and its people from huge scam activity. They know how the cryptocurrency works and some of them or the people already lost some fund due to investing on some fake ICOs. Can't blame them for having such a high steep of rules, but this must be put in a serious investigation since decentralized has it concept of freedom. Better not mess with countries like that.

[maxreish]

I hardly understand your point here.

Correct me if I'm wrong, dude. So you wanna put up an ICO projects within Ukraine but your country banned cryptocurency related things? Or you are worrying that you might be wrongly accused as a scammer if you will create ICO projects?

I'm a bit dizzy with your questions. As far as I know Ukraine is rushing to legalized cryptocurrencies so you can still go on with your plan. As long as you have a clear intention not to scam people, then proceed to invest or create projects

[perla]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

Maybe recruit team from other countries, which is capable. I think team from a project not means must be in 1 country. You can be someone who work behind the project, or maybe can be advisor. Usually advisor is not means part of the team and look like expert who recruited to give suggestion to the project team. Or maybe just follow rules from your country and start different business.

[cotton ball]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

Looking transparent with ICO project is easy by owner, team and advice team ICO how manager of their coin, many ICO scam by less reached for selling target and they can't get profit with their ICO, but for owner will refund all of investor money but their coin have scam without continue for selling and listing with exchange market, investor not lucky with they hold money without increase.

[Ferris419]

Your case seems complicated! I would suggest you obey your government's decision about not being public about crypto transactions as the punishment is very strict! You can use the crypto and this forum through a VPN, but in this place, you shouldn't conduct an ICO! Nowadays, raising startup funds through ICO is very difficult, if you don't show your team members and your profile, no one will invest in your project!

[matchi2011]

This kind of situation can be answered by your owned assessment OP, how willing you are to proceed and take the risk. Either you proceed on your own or find partnerships outside your place, both have risk which been mentioned by those early replies coming from different forum members. It's your own decision whether to take that risk or find another business to invest your time, efforts and money. Value your intentions and if you are ready to proceed make sure to bring your trust beside you.

[DU18]

Now the ico project has been synonymous with scammers, but actually there are still many ico that have provided benefits for investors and of course this is the impact of the number of ico in 2018 which indeed is only a fraud so that the effect is quite fatal to the loss of trust of the investors to the current ico developers.
I think you need another way if your country indeed prohibits the implementation of ico crypto, maybe it's better if you appoint a team from several countries that allow ico to be implemented, and use other countries as the center of ico.

[tambok]

Now the ico project has been synonymous with scammers, but actually there are still many ico that have provided benefits for investors and of course this is the impact of the number of ico in 2018 which indeed is only a fraud so that the effect is quite fatal to the loss of trust of the investors to the current ico developers.
I think you need another way if your country indeed prohibits the implementation of ico crypto, maybe it's better if you appoint a team from several countries that allow ico to be implemented, and use other countries as the center of ico.

That's the reason why the ICO is dying, poor good projects, instead of having them, now, they can't exist because of those scammers that are not really satisfied and not contented in life, but, good thing we do have now IEO that saves project, as it give them chance to prove themselves, but still IEO has no guarantee at all.

[canovan25]

The ICO and the Scammer are very interrelated, with this it is very difficult for us to distinguish between a really good ICO and a bad ICO, many people are greedy to want huge profits only for themselves, but I think this problem must be resolved immediately by the law may be, because this is very detrimental to all parties.

I think about this. Maybe exist variation for defence future money without hard law and coding work?
Special smart-contract or exchanges, who have special escrow tools?

[canovan25]

So what exactly do you want to make ICO?
When viewed from the investor's side, yes they have the right to know who they are putting money for and what the money is for. Naturally, investors want to look for profit, which is offered by every developer.
Between developers and investors, they must live in different places, which is suspected to be a scam for developers. Therefore, it is mandatory for every developer to show his true identity. And that is part of the good character of ICO.
If you want to remain anonymous, it's better to make coins or tokens without ICO. As do the coins in 2017 distributed them for free.

But for creating good coin need time and scilled labor => money. I talked with 10-15 teams, who have a cryptocoin and they talked me, what coin costed 5-10-15K usd only. But yet need mining pool, e-wallet and other tools for using. And for this target I want create ICO.

[canovan25]

it's arguably very complicated, but in the ICO Project you have to use your real name, original photo and everything if you can't do that means you are scammers, and it's better not to just follow it better than you are imprisoned, I am very respectful of you about your interest in cryptocurrency

I think he's trying to say that cryptocurrencies is banned in his country so how he'll be able to create his own project without letting them know his identity that might caused him to be imprisoned soon. It's indeed complicated but he can team up in some teams in different country to atleast registered their project so it will not be a scammy project since investors needs to know once identity of the team now. It's better to be honest in all terms than to be tag as scammer.

If exist people, who like new in cryptoworld and invested in my project, of course, I will meeting with he/she. But legal institutions will dont know about me in project. And, about legalization, you know about TON/Libra? If you create small, dont terrible project for Central Bank - okey, but if you coin may using in illegal  target - no, you go (dont good word) or maybe go to prison.