There are lots of ICO in the Crypto market. From a statistics, it has been found 1000 of ICO was SCAM in 2018.Our Bounty hunter has wasted their time and investor have lost their money. But on the other hand 100-200, ICO was successful.
So, how to identify SCAM ICO?
From my personal view and experience, I think a good ICO should have the following requirement:
- Good detailed Whitepaper.
- Legal documents(for example: Registration under Estonia law, SEC, Chamber of Commerce etc)
- Good Team member with reputation.
- Good advisors with reputation.
- Good working product
- Background of the company(optional)
- Road Map
- Background info of the whole team
- GitHub code(Optional)
- Check the viability of the project
etc.
So, now it's up to you to identify the SCAM ICO.