How to detect scam ICO

[DJIN 38]

Спасибо за информацию, очень много информацию слышу впервые.Думаю она будет очень полезна, всегда полезно знать про мошеников побольше 

[duncun007 3577]

On 10/13/2019 at 7:58 PM, KaistonUchi said:

A good point to detect a scam ICO is to evaluate how transparent they are by showing the team. If we don't see clear information about who makes up the team, we can really expect very little from that project.

 

Thats a pretty low standard for a token thats asking for your hard earned money. I think white paper and team along side big known investors could help give more credibility to the ICO

[A7373 1065]

First of all, only with experience will you learn to understand where the scammers are and where the worthy project is.
I recommend  you to study the project itself, see if anyone has copied a roadmap and white paper.

Next, see the ratings of audit websites.

An important point for confidence in the project is the successful completion of the procedure of team KYC entire. Then look at the activity in social networks and verified partnerships. Check the information in the online channel in a telegram. Ask tricky questions to channel telegram administrators and channel discords. If you see that administrators respond without competence or even block you on social networks, then you need to run away from this project.
This is 10% of what you need to know, everything else comes with experience.
Good luck to all.

[yosef.zakkor92 39]

if they promise u with a 1000% profit then they are scammers for sure

[Migo 7946]

For my self I can not read all this things, because most of the ICO does not even enter in the coinmarketcap platform, and have no price, I have some coins from last year and until this time they are with no price, I'm keeping them not because I love them, but because waiting what will happen in the future 

[nenni 96]

On 10/11/2019 at 10:35 PM, Consignee said:

We have seen a golden time of ICO back in early 2017, and later, scammers started to create ICO and scam people's money. After that time, very few legit ICO we have seen. More than 90% ICO was scam.

Now, how can you detect the scam ICOs? This is a very hard question to answer. Scammers are very smart to come in such a way so that we can't detect them and invest our money. People are being scammed all the time by them.

Here, I will try to share a simple guide with you which can detect 90% of the scam ICO, rest 10% scam ICO is smart enough to not being detected. They will cover all these.

1. Check Team

Scam ICO will certainly come up with fake team. You can simple search with the image and find out if the team is fake or not. Search with each of the team member photos in google or in shutterstock. Most scammers never use their image and use image from internet, as a result you can easily find it out.

2. Check Whitepaper

Check their whitepaper if the whitepaper is plagiarized or not. Scammers simply copy from various whitepaper and use this in their whitepaper. You can do it with various free resource of plagiarism check available on the internet.

3. Check their bounty

Listen, although it sounds funny, I bet it can detect 90% scam ICO. First of all, scam ICO always go with shit bounty manager who have no reputation at all. Because this manager can be hired with ICO coin/token. Reputed bounty managers will never work for ICO coin. Now, why I think bounty manager with token/coin payment projects can be fake? Because, if a project don't have money to promote them, how can they be legit? Can a project start with zero balance at hand? No certainly. If the project don't have money to promote their project, 90% sure that the project will be scam.

 

I'm looking for more from other members, I will add more once I get some more things to add or someone recommend anything else.

I agree with you, these three things need to be noticed to detect early whether ico is a scam or not

[RyujinONE 131]

Simple guide from me went you cant detect a scam project from checking the whitepapper, you can use this guide for identified a scam project :
1. Design
First of all, scam project have really a bad design. If they cant pay or making a good design for ANN or Website its mean the project just for joking and not really a good project.
2. Language
A team for project must have a good grammar for the communication, some project dont have a good grammar from their information page / responce from the team. This can be a point to mark this project was not good to enter.

[Zentoly 419]

10 hours ago, P-P AP said:

We cant know an ICO scam or not for sure. But you can checks the team for example, is the team is real person or not. Try to ceck they linkedin page twitter page, official website etc.

Through a project team we can easily identify that what type of ICO is scam and which is trusted ICO and also we need to check his review.

[Congli18 154]

here I do not understand how to detect a failed ICO, I have to learn more with people who can detect an ICO that will fail, because I have participated in several projects and ICO failed.

[giash crypto 258]

the main symtom of scam ico is not listing in icobench and not verified in the icobench. i have seen many of them.

[yifnt 666]

Sometimes we have checked everything well, but no one knows that when they reach the top, they are tempted by money, causing a split in their team that makes the project neglected and only focus on taking the money that has been obtained and then just leave.

[Agios 1763]

On 10/11/2019 at 9:35 PM, Consignee said:

We have seen a golden time of ICO back in early 2017, and later, scammers started to create ICO and scam people's money. After that time, very few legit ICO we have seen. More than 90% ICO was scam.

Now, how can you detect the scam ICOs? This is a very hard question to answer. Scammers are very smart to come in such a way so that we can't detect them and invest our money. People are being scammed all the time by them.

Here, I will try to share a simple guide with you which can detect 90% of the scam ICO, rest 10% scam ICO is smart enough to not being detected. They will cover all these.

1. Check Team

Scam ICO will certainly come up with fake team. You can simple search with the image and find out if the team is fake or not. Search with each of the team member photos in google or in shutterstock. Most scammers never use their image and use image from internet, as a result you can easily find it out.

2. Check Whitepaper

Check their whitepaper if the whitepaper is plagiarized or not. Scammers simply copy from various whitepaper and use this in their whitepaper. You can do it with various free resource of plagiarism check available on the internet.

3. Check their bounty

Listen, although it sounds funny, I bet it can detect 90% scam ICO. First of all, scam ICO always go with shit bounty manager who have no reputation at all. Because this manager can be hired with ICO coin/token. Reputed bounty managers will never work for ICO coin. Now, why I think bounty manager with token/coin payment projects can be fake? Because, if a project don't have money to promote them, how can they be legit? Can a project start with zero balance at hand? No certainly. If the project don't have money to promote their project, 90% sure that the project will be scam.

 

I'm looking for more from other members, I will add more once I get some more things to add or someone recommend anything else.

This is just additional information about the ICO scam, so there's no need to repeat what you've written. First I will check the URL http or https, a good website will always use https so it's not easily hacked. Second, high profits, usually ICO scammers will promise high profits so we invest. Third Fake news / information, We can check the news / information is genuine or fake on Google.