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Author Topic: What is your biggest red flag for an ICO?  (Read 3406 times)

Offline TheseKneeLand

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What is your biggest red flag for an ICO?
« on: January 19, 2018, 09:17:58 AM »
I got scammed by Bitroad and they can go to hell. If I had known the obvious red flags, then this would not have happened.

newbie deactivated link:https://bitroad.io/ [nonactive] = scam

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What is your biggest red flag for an ICO?
« on: January 19, 2018, 09:17:58 AM »

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Offline Simple

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Re: What is your biggest red flag for an ICO?
« Reply #1 on: January 25, 2018, 05:05:25 PM »
Can someone check on LiveEdu ICO..... Its very legit

Offline DoctorK

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Re: What is your biggest red flag for an ICO?
« Reply #2 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.



Offline Iconic

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Re: What is your biggest red flag for an ICO?
« Reply #3 on: October 16, 2018, 09:00:36 AM »
Ohhh, I'm sad to hear that. But I hope you don't despair after experiencing this bad thing. Next time, you must be careful to analyze the whitepaper before you join ico. Make sure everything you have read is correct.

 

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