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« on: January 29, 2018, 11:01:41 PM »
My biggest red flag for an ICO is when they got nothing at all, but an idea.
For example all theses "we revolutionize crypto payments and bring it to the real world with a new credit card" ICO's without any customers, business partners, experience and real product are red flagged to me, as any bank and any other company with an existing customer base can issue credit cards with a connection for crypto currency within a week.
Of course any ICO without whitepaper, roadmap and at least some kind of plan should be red flagged as well. Oh, and the ICO's with imaginary team members who have photos from Shutterstock only and all the ICO's were .....
The thing is that ICO's are a risky game anyway, but lot's of ICO's are just created to cheat money put of peoples pocket. You need to do your own research, think yourself if their ICO is realistic and could be viable. And even after that you can never be sure.