Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Green Ocean on September 23, 2018, 02:18:17 PM
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It is becoming more worrisome in the cryptosystem, so many scam ICO and also failed projects. We do so many bounties and end up with useless tokens of failed project.
I am quite an amateur in the system but I know research has to be done before embarking on investing time or money in an ICO by reading about them in different platforms or even checking out their community, team and investors but sometimes I still guess wrong.
I would like to ask the experienced in crypto how to be sure a project isn't a scam and how to determine their success.
I've been following the forum quite a bit and I hope I get response to help me and others enlightened.
Thanks for your time. Much appreciated
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basically, we can't make sure a project is a scam or not. we can only avoid the scam projects by choosing a good project. but we know that choosing a good project is not easy. we need to understand ico which will be followed well.
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it is very difficult to make sure a project is scam or not, but we can understand a project by reading the white paper and follow their progress on social media, but it does not give certainty whether the project is really good, because on the basis of choosing a good project difficult.
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indeed we cannot be sure to detect ICO scams or potentially failed projects. but we can minimize the failure by analyzing their white paper. whether the project whose objectives are clear or not, how the project forms and the team that works in it. there we can judge whether this project is suitable or not for us to participate in it.