Real ICOs & Scam ICO

[TheWalkingToken]

Is there a source or website so that we can check the info about ICO?

[CryptoDan]

Is there a source or website so that we can check the info about ICO?

Your best bet is to do your own research. Don't just rely on the ICO launch website, bcos even scam ones look very professional. Research on the management team behind the ICO. Go to their company website, Google search for anything related to their company in News, go to their LinkedIn profiles, email and message them and talk to them to get a feel for it. The best ICOs are always by experienced professionals running an already established company. VLUX is a pretty good example - http://vlux.io/

[Bobcrypto]

It has become a sad experience how ICOs of today are full of scam. The question is, how do we tell an ICO is real or scam? Let's be careful.

Yes! these are few sign that an ICO is a scam,
1.No Roadmap or Unrealistic Roadmaps.
Initial coin offerings will generally provide potential investors with a detailed list of what they have achieved thus far in the development of their project,
as well as what they plan to achieve, in the form of a roadmap. If a project doesn’t provide a roadmap at all, then it’s highly likely that they don’t have any plans for the future apart from “exit” and “profit”.

2.No white papers or poor white papers.
A white paper is the most important element of any initial coin offering. In a white paper, an ICO will present an outline of what it plans to achieve, a breakdown of how the technical aspects of the platform function, and delineate its token distribution model.
If an ICO doesn’t provide a white paper, then it’s undoubtedly a scam. Simply providing a white paper, however, is not a clear sign that an ICO is legitimate. Some fraudulent initial coin offerings pay online freelancers to write up hilariously bad white papers under the assumption that providing a PDF white paper document is enough to fool most investors.

3.Team members.
One of the essential elements to consider when assessing a potential ICO scam is the individuals behind it. A robust initial coin offering will present potential investors with a detailed team breakdown, listing founders, developers, advisors, security experts, and anybody else associated with the project.
A “team page” by itself, however, is now not enough to judge an initial coin offering as worthy. Many scam ICOs are now aware of the fact that their team composition will be closely scrutinized by potential investors and go to great lengths to create a believable fictitious team.

[pontifex]

We have already talked about how intermediaries harm producers and buyers of products. The negative impact on production chains, which is exerted by intermediaries, is great, and it must be eliminated.

However, these questions arise quite often. They affect a narrow circle of people. And if we limit ourselves to the consideration only of such problems, it seems that the mediators cause very limited harm.

However, it is not so. The fact is that intermediary activities stifle the entire world economy and hinder technological progress.

Judge for yourselves, today there are many manufacturers who want to produce new products. They have a desire to improve the world and give customers something new, to promote technological progress.

But no manufacturer will do this if it does not make a profit. And the income will appear only when there are consumers.

To find out whether the market needs products, the manufacturer begins to conduct market research. And that's where the problems start.

The fact that intermediaries today occupy a position that allows them to dictate the parameters of products for suppliers. The opinion of the intermediaries replaces consumer preferences. Intermediaries are closer to the manufacturer than end-users. And companies that produce products communicate with intermediaries.

And those, in turn, are absolutely not interested in technological progress. They are satisfied with the current state of Affairs: they do not do anything useful, but get a stable income. At the same time, they are well aware that technological progress can knock the soil out of their feet. And they strongly discourage it.

Good to make it very simple. It is enough to inspire the manufacturer that innovative products are not in demand by the market and will not be sold. The company, which produces products, does not want to work at a loss, and will postpone the implementation of the project until better times.

But there is a demand for new products! However, information about this does not reach the manufacturer. Fortunately, today there are decentralized platforms for P2P-interaction. Using these platforms, the manufacturer will receive reliable information about the needs of the market from those who form this market - consumers. Ultimately, this will lead to breakthrough innovations and new developments in mass access.

One of the first such developments was the Yodse [nofollow] platform. This is a unique decentralized space for interaction between consumers and manufacturers. Yodse [nofollow] users will be able to contact each other directly and work without third parties.

[Drew28]

Always do your research, read the whitepaper, look at the team handling the ICO and if they have an MVP.

Scam ICOs tend to hide their token sale progress by giving individual contribution addresses so that no one knows how much is actually raised. A common tactic involves giving your visitors a big “sold out” message to create a sense of urgency.

Also, look out for fake LinkedIn profiles and fake advisors. Look at their experiences and see if they have relevant qualifications and check out the companies which they work at previously.

Here's one good example of an ICO with a solid team. - https://vlux.io/