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Author Topic: How possible is it to fish out scam ICOs?  (Read 9515 times)

Offline Quart

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Re: How possible is it to fish out scam ICOs?
« Reply #15 on: June 17, 2019, 11:57:14 PM »
I also still feel confused about how to avoid scam ICOs. So far, ICO scams are very difficult to avoid, they are likely as the same with the legit ICO. So far, I only focus on analyzing their team members, checking their social media, and other information in order to know whether they are real or not.

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Re: How possible is it to fish out scam ICOs?
« Reply #15 on: June 17, 2019, 11:57:14 PM »

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Re: How possible is it to fish out scam ICOs?
« Reply #16 on: June 18, 2019, 08:51:20 PM »
We can get rid of fraudulent ICO projects only when states and their international organizations establish common rules and regulate ICO activities.
ICO bounty campaigners will not be able to effectively resist fraudulent projects in this area. In most cases, we cannot even establish in which state the fraudsters and their real data are located. Only if the ICO team will properly register and be controlled in the general points of their activities, only then will the fraud in ICO projects decline.

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Re: How possible is it to fish out scam ICOs?
« Reply #17 on: July 11, 2019, 10:14:13 PM »
Bounty hunters find it very difficult to fight fraudulent ICO projects. For now, the ICO teams dictate the terms of joining their campaigns of generosity.
I believe that fraud in the ICO can only be effectively dealt with when there is government regulation of this type of ICO activity. If state authorities check the documents of the ICO team, make copies of them and, if necessary, make certain requests to identify these persons, the level of fraud will drop very sharply.

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Re: How possible is it to fish out scam ICOs?
« Reply #18 on: July 17, 2019, 08:06:26 AM »
for me scam projects have fake teams, telegram groups with lots of bots, and fake tokens. besides that there is no update about the ongoing project.
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Offline OptimusPrime

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Re: How possible is it to fish out scam ICOs?
« Reply #19 on: July 17, 2019, 12:04:56 PM »
Projects of 2018, 2019 where filled with lots of ICO projects, and those projects did not pay the bounty hunters, and some could not be listed at any exchange. Projects developers has become more smarter and bounty hunters without being paid needs to get smarter too. The question now is "How/what patterns will the bounty hunters use in knowing how to figure out scam projects? ". Thanks.
it depends if the project was successful and didn't pay hunters r if they couldn't make it through their ico but didn't pay hunters then that's another different case and I really have had this experience once
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Offline EtherFenix

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Re: How possible is it to fish out scam ICOs?
« Reply #20 on: July 17, 2019, 02:55:43 PM »
Now 9 out of 10 ICO projects are fraudulent, there is no need to catch them, they tell people about themselves, now you can see good projects in IEO
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Offline aji678

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Re: How possible is it to fish out scam ICOs?
« Reply #21 on: July 18, 2019, 03:54:01 AM »
how to find out the ICO scam, certainly no news updates about the project either ICO, IEO or STO sales. lack of partners, unclear teams and bounty spreadsheets that aren't updated.
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Re: How possible is it to fish out scam ICOs?
« Reply #21 on: July 18, 2019, 03:54:01 AM »


Offline sturec22

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Re: How possible is it to fish out scam ICOs?
« Reply #22 on: July 18, 2019, 09:56:53 AM »
It is super hard. I got scammed lots of times due to this reason. It is more sensible to check the project from other sources than twitter or facebook. Check the team, check what is going on in their telegram account.
If there is no news or only good project messages probably that project is scam.

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Re: How possible is it to fish out scam ICOs?
« Reply #23 on: July 19, 2019, 06:27:34 PM »
Seeing the #DevelopmentTeam  because with the #DevelopmentTeam , it is certain that it will be able to analyze how the project will be a SCAM or it will be successful.
It's better in that way because in my opinion it's very easy to see the #DevelopmentTeam  that is always on the main website.

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Re: How possible is it to fish out scam ICOs?
« Reply #24 on: July 19, 2019, 09:27:14 PM »
So many projects also, their ICO was successful but they don't even pay their bounty hunters. I've always check who are the bounty managers and which project that they handle in the past. It's better to look for a project that is prefunded.

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Re: How possible is it to fish out scam ICOs?
« Reply #25 on: July 19, 2019, 10:16:45 PM »
nowadays, even how caution bounty hunter, it could not dodge a failed a project. It's really difficult to choose a good project atleast reading their written documents will help you assess to continue.further or just stop immediately. Following their social networks and reading reviews might also give.insight and could help decide.
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Re: How possible is it to fish out scam ICOs?
« Reply #26 on: July 20, 2019, 02:58:25 AM »
it became very difficult to recognize the scam
a lot of companies neither send anything at all
some send other tokens and promise to change them
but these tokens weigh in a wallet

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Re: How possible is it to fish out scam ICOs?
« Reply #27 on: July 23, 2019, 07:17:22 AM »
One thing is when you invest in ICO your money and then it turns out to be a scam and it's a completely different matter when you're a bounty hunter. It's a lot more unpleasant to invest in ICO and not get anything more than advertise a project as a bounty hunter and not get anything. No one from the first and second ones is not insured and no fuses here will help

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Re: How possible is it to fish out scam ICOs?
« Reply #28 on: July 23, 2019, 01:20:35 PM »
But wait, what do we call scam?

1. An ICO collects money, unlocks tokens and do great returns then doesn't deliver anything. Abandon the project. (e.g. Atonomi)
2. ICO collects money, they exit scam.
3. An ICO collects money, cannot even unlock tokens and when they do, they dump prices (e.g. Sparkster!)

First one is kinda okay actually, we can still get tokens and sell them. But to be able to recognize one, look at their team whether they look genuine or not, as about their roadmap, also if it seems to good to be true (in terms of dream/return/tokenomics) it is probably scam.

good luck

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Re: How possible is it to fish out scam ICOs?
« Reply #29 on: July 23, 2019, 06:15:36 PM »
If the scammers have made a competent ICO project, it is almost impossible to catch them, because the cryptocurrency is anonymous
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