How to Identify SCAM ICO?

[CryptoZenWorld]

There are lots of ICO in the Crypto market. From a statistics, it has been found 1000 of ICO was SCAM in 2018.Our Bounty hunter has wasted their time and investor have lost their money. But on the other hand 100-200, ICO was successful.
So, how to identify SCAM ICO?

From my personal view and experience, I think a good ICO should have the following requirement:

- Good detailed Whitepaper.

- Legal documents(for example: Registration under Estonia law, SEC, Chamber of Commerce etc)

- Good Team member with reputation.

- Good advisors with reputation.

- Good working product

- Background of the company(optional)

- Road Map

- Background info of the whole team

- GitHub code(Optional)

- Check the viability of the project

etc.

So, now it's up to you to identify the SCAM ICO.

[sugarchrisp]

It's hard to identify them with any level of certainty honestly.  There are clean looking websites/whitepapers that I'm sure have scammed people, and crappy looking white paper and websites that were legit.  It's kind of impossible to know if they're legit or not.  My philosophy is basically to do as much as I can in terms of doing bounties, and not worrying too much about getting screwed over.  I'll probably end up in a better position than worrying about it, and I wont miss out on projects that I may have passed on because they look bad. 

[pandji02]

That is good information i think,with our detection and learning the project before join invest that can make a little pressing or subtracting us from SCAMMER ICO PROJECT..i know its so hard but if we need to join invest that mean we have ready for the risk.goodluck.

[CryptoZenWorld]

It's hard to identify them with any level of certainty honestly.  There are clean looking websites/whitepapers that I'm sure have scammed people, and crappy looking white paper and websites that were legit.  It's kind of impossible to know if they're legit or not.  My philosophy is basically to do as much as I can in terms of doing bounties, and not worrying too much about getting screwed over.  I'll probably end up in a better position than worrying about it, and I wont miss out on projects that I may have passed on because they look bad.

I know mate but at least this post may help people to know how to choose the best one. I don't have problem, if anyone wants to join in 100-1000 ICO per month for bounty or investment. This post is just a precaution who are worried about doing maximum ICO but at last they get profit from only 3-5 or 5-10 might be more than that.
So, it's totally an individual decision.
Thanks.

[korkorjkk]

It is quiet difficult to identify scam ICO's but taking into consideration the steps outlined, you will save your time from participating in fake bounties.

[Icon]

Identifying scam project is very difficult these days. Even after following all these steps, you will still fall into some scam projects.

[Lil Pump]

Also I can add to this list:

1. Road Map
2. Background info of the whole team
3. GitHub code
4. Check the viability of the project

[CryptoZenWorld]

Also I can add to this list:

1. Road Map
2. Background info of the whole team
3. GitHub code
4. Check the viability of the project

Yes, of course i will add all the point but i think GitHub code may ooptional.
That is what i wanted..you will share your own experience so that we can make the topic statement strong.

Thank you.

[HossamHafez]

after ico end 

[Lil Pump]

Also I can add to this list:

1. Road Map
2. Background info of the whole team
3. GitHub code
4. Check the viability of the project

Yes, of course i will add all the point but i think GitHub code may ooptional.
That is what i wanted..you will share your own experience so that we can make the topic statement strong.

Thank you.

I mean Github or other code repo if applicable

[nufika89]

There are several ways you can do for ICO analysis, one of which is by reading the whitepaper. In addition, see the roadmap on an ico. Also consider the site rank and team activity.

[Sakita Joana]

Identifying scam project is very difficult these days. Even after following all these steps, you will still fall into some scam projects.

difficult, but it's better to follow a precautionary step, while the fraud problem itself is a risk that must be faced

[Goku01]

Good information but Scammers  are getting improved day by day. They create new technique. But following this steps would be  a way to identify most of the scammers. In the the you can still a  victim of scammers.

[altery0518]

It's really hard for bounty hunters to find a good project to participate since mostly of the campaigns is really hard to identify as they are using those  documents like a legitimate campaign do to encourage investors to invest on their project.

[smsohag]

Everyone know what is ICO/crowd-sale. In short description, ICO or crowd-sale is the one of famous fund raising opportunity from people's.

I always care about some point before spot a scam ICO. I will describe below:

1. Domain Information.
2. Unprofessional Website Design.
3. Website Content Plagiarism/Stolen.
4. Fake Developers/Core Team.
5. Plagiarism & Unprofessional Whitepaper.
6. Corrupted  Roadmap.
7. No Real Concept .
8. Disharmonious Token Distribution.
9. Weak Community.
10. Breaking Own Made Rules.
11. No Technological Explanation.
12. No Real Dev's Profile link.
13. Fake Partnership.
14. Highlights Fake Database.
15. Bad Promotional Strategy.
16. Greedy Offers.
17. No Reputation on social media/crypto forum.
18. Mixing Token Name With Existing Coin
19. No Clear Explanation use of raised fund.
20. Discrepant Hard Cap / Soft Cap.
21. Discrepant Total Supply
22. Low Quality Smart Contract.
23. Low Security.