How to Identify crypto scam

[Unknown]

What do you normally look out for before investing in a crypto currency or alternative coin?
What are the most visible signs of a scam and how can they be avoided by an investor or a hunter?

I always talk to a crypto expert that I really know. They are helpful most of the time. I dont invest without a guide or advice of an expert

[pelana vreo]

I usually read the whitepaper and see the profile of the project team, if the team photos on their website look weird, I will see the truth from the project team's profile photo, see the names, experiences of several sources on the internet.

[laughingburger]

What do you normally look out for before investing in a crypto currency or alternative coin?
What are the most visible signs of a scam and how can they be avoided by an investor or a hunter?

I does not have a foolproof plan to identify a scam ICO, what i will do is research on the ICO team members then follow by a few benchmark sites and finally any youtubers review on that project before i pull the trigger. To me i am more skeptical on how the ICO carry itself like the pictures they are posting and the english errors that they have.

[Jaguar]

You can identify the scam ICO through sincerely searching about the basic fundamentals on the team, telegram, whitepaper, and the possible product.

[debra]

You can analyze the developer first. After that, see how many coins there are. If the number of coins is below 100 million, then the coin can be said to be potential. See also the market cap and features provided by the developer.

[babfurkan]

Nowadays all ICO projects are attentive to dont seem like scam so its not easy to understand. But firstly i look the team and their career. If they dont reassure to me than checked project details. At whitepaper and website if they only focus on collect money, i cant trust them.

[Hope15]

For now it's hard to identify the scam crypto cause they also provide a roadmap the white paper and the team better to ask first or do some research if the project are legit.

[AltLogan]

bounty campaigns can be scam too often.

[Sapp]

The first thing I did was research on members of the ICO team then followed by several benchmark sites and finally every youtuber review was reviewed on the project before I concluded the decision. For me more skeptical about how the ICO brought itself like the pictures they posted and English errors they have.

[TheHero]

- If someone offer you some unrealistic profit ofc it will be scam. Example : send 1 eth to get 20 x eth
- If someone use an admin name and chat you privately and ask your private key. Its a scam too.
- If the team is anymous and offer a high ROI and always ask for the donation or insist you to buy their coin
- The website design is too cheap and ugly, just try to get the money and after that they will run out with your money
Its just one of that example. Hope you dont fall for that trap

[Crazymelons18]

This is a really tough job to do. To identify a scam ICO you need to view first the team. The members name may be searched for authenticity. Second look at their White paper or road map or something that could reflect to their road map or plans. Try consult others as they may also have something to say about the ICO. See posts on Telegram as most ICOs use it. If there seems to be a lot of problems,   occurring like investors expressing disappointments with in the community then the possibility of a scam is high. Check also on their sales, if the sales is low then be extra careful about them. Their ICOs should be promoted also on a good site that doesn't host scams. There are so many other things to look upon ICOs but these seems to be the most important things I could think of. Thanks!

[bountyecrire]

Check their telegram account, look for fake/inactive members. (they might be airdrop comers too, though)

Check the team and their past, if you cannot find anything, if they don't share their accounts (linkedin for example), a very bad sign.

[Noni]

it is very difficult to identify Iico scams because there are good projects that ultimately do not reach sales and do not pay bounty participants

[Hope15]

I think if the project is offering the huge amount of coin/token to the members of the project or to other people to exchange your money but usually ethereum and btc is used for a payment just like ico projects they give promises that their project hit 1$ per token/coin if it's listed into an exchange.

[pacar_tiri]

What do you normally look out for before investing in a crypto currency or alternative coin?
What are the most visible signs of a scam and how can they be avoided by an investor or a hunter?

In my opinion, It is difficult. But You must learn their white paper and The team of the project. You follow their social media.