How to known a Scam ICO

[AquaX]

The whitepaper is known as the project’s profile. It is a summary of all the information that a person needs in order to decide if the ICO is worth supporting. More than originality and grammar composition, the whitepaper should contain the authentic information needed to make sound investment choices. Warning signs for a whitepaper include plagiarized material, outrageous claims with nothing to back them up, and a lack of details about how the project plans to actually achieve what it promises.

[GasX]

A website is basically the brochure or catalogue of a company running an ICO, but some fraudsters don’t invest in them. The laziest scam ICO’s website is usually just a basic template with minimal changes, like in the case of ETHBAY. Another known ICO scam, Referpay, used an app image that came with the template on its website, and that same default image has been used by multiple other scams. Although the website is not a 100% reliable indicator of a scam, most scammers are too cheap or lazy to pay a developer or designer to improve their site so the web page is the first place they cut corners.

[TopaNN]

This is another sure shot method to spotting an ICO scam. If the company is unwilling to release its code to public repositories such as Github, avoid the ICO altogether.

[RoyalGirl]

If an ICO makes bold claims without an economic plan or roadmap to support it, it’s best to avoid investing. Further, even if the team has offered a roadmap, you have to do your own research and judge the feasibility of the project.

[AvarS]

If an ICO promises to disrupt an established industry without providing any technical or operational details, it qualifies as a scam. Good whitepapers have charts, calculations, specifications, and even code at times.

[nayeon.twc]

You can check it on their website. check their team or if you are lazy to do that, you can also check it in the forum like btt. many scam projects have been reported.

[adterna]

The most important aspect of every project is the team, the co-founders, technology people and thinkers behind the idea. Since this is a technology-related area, each team member should have a well-developed Linkedin profile and provide their credentials, experiences, and associations. There should be some endorsements at the bottom of the page if the team member is involved for at least a year with any business activity. Obviously, if endorsements are missing, it is most likely that profile has been just created recently and/or this member has no significant business experience.

[Rituvohra01]

It is very tough to explain. But according to me the team is the most important. Read the whitepaper carefully and saw the main motive of that ICO. Before participating in an ICO research yourself.

[earncrypto]

pay attention to the following issues and avoid ICO if it:

- Doesn't have MVP (product prototype)
- Has a fake team
- Founders don't pass KYC on icobench or other reputable ICO trackers websites.

[tonymillions84]

My dear. it safe to invest in exchange icos at least you have a place to trade your token but I notice that some projects use the exchange to raise money after which they left the exchange. exchange fund raising is better but not that safe.

[mentorian]

There are a lot of them. Let's take for example DexAge.
- KYC ( most scam campaigns don't provide it )
- MVP - most don't even create it, write and idea and that's all.
- Open team. You can easy talk to someone from team in a chat
- All time updating social networks with an interesting news and updates.

[maximus]

There are a lot of them. Let's take for example DexAge.
- KYC ( most scam campaigns don't provide it )
- MVP - most don't even create it, write and idea and that's all.
- Open team. You can easy talk to someone from team in a chat
- All time updating social networks with an interesting news and updates.

Yes, all that you have listed without a doubt positive signs for  selection of the good project but for  I do not understand why the DexAge does not announces openly how much funds they have raised  for the moment,  softcap has been reached or not?

[alyanov]

Absence of an escrow account is the biggest red flag to look out for. Similarly, if an escrow releases 100% funds to the project team after ICO, it’s a bad escrow, and should be considered as a red flag. Fund releasing should happen gradually such as 20% after token distribution, 40% after beta release, and similar milestones.

[Robiul789]

A scam project has no definite MVP(market value product), a scam project always consists of fake team and management, they have no road map..

[stewardess]

You are well done that you decided to learn it from experienced traders. But now it is easy to calculate the fraud. It may offer strange ways of selling.