ICO Scam, What is The Solution?

[Abusadeeq6]

Is not easy to predict a project to be scam. I think there should be implementation of new regulations that will guiding the ICO process

[akitha]

This can't be recognize at all.. It very difficult to tell if they are legit or scam..They have everything from Team, Website , Social Media, that's why its confusing.. but if we research deeply we can recognize at all.. Or stop investing in ICO's! 

[lembayung]

The solution is really easy to be able to avoid the Scam ICO. Namely by making observations only in the ICO Project. First, pay attention to the Project concept, then read and understand the white paper, then research the ICO project team. Then, if there is a check out the project website. So that later you will find out which projects are good and also not and which ones are Scam.

[bitpation]

ico that is scam will make the investors get the loss. we must be able to avoid it by choosing a good ico to follow. choosing ico that is not easy because we have to understand it well to get the legit ico.

[cryptoperry]

If you have been scammed then there is nothing more we can do about it and it is hard to detect whether if an ICO is a scam or not. Hope that one day the crypto community can come up with a solution for scam ICO's.

[bubblebubble]

I denounced to Swiss Police some scam projects but nothing more we can do.
The lesson was adquired!

[napster]

Choosing right ICO is hard to understand if you are new at this market, especially in the ICO stages.
Team, advisors, project area and too many things to be looked at if you don't want to be scammed.

Just be carefull with the team and take a deep dive to the project details.

[comer]

there is only 1 thing to minimize if not stop the rampant scam ICO in the marketplace. It's the government intervention that will get rid all of those scammers. government should intervene the activity of ICO and would require them to register in the government agency and put a money ban so that if ico failed. Investors would get back their money from the hold funds. This would secure private investors money and sue those who attempt to scam the people.

[xtian_1988]

It's hard to detect if the ICO is a scam,but you can prevent investing on it if you spare a little time to read through their project you should check their whitepaper some are just copied from other project and also the team check if the photo and name is a match if they really exist.

[FinanceX]

Several projects have come and succeed and have proven beyond any doubt that they are real, while most projects have come with the purpose to scam people. I have an opinion that if there are proper regulations and strict rules that guides the operation and the way ICOs are run, that will reduce the rate in which ICOs scam people.

If you have any other opinion or contrary opinion, you can share it with me.

Thanks.

Check out this article to help choose the right ICO

6 Factors To Investigate For Lucrative ICO Investment

https://medium.com/financex/6-factors-to-investigate-for-lucrative-ico-investment-18f1eb0e30e

[trauchot]

Many companies are already engaged in solving such problems so that investors will can make investments only in reliable projects. It remains to wait a bit and we will see these changes soon.

[maro101]

The current fraudsters are smart, they not only give you a perfect white paper, but they can give you all the information and videos you want, but in the end they they can disappear.

[Quart]

Scam ICOs is a complicated problem in crypto world. It will be rather difficult to solve, It needs contribution from all parties. I guess, the solutions are:

1. Crypto enthusiast must be smarter and more selective in analyzing ICOs.
2. Doing more complex research before joining a new ICO. Don't only focus on whitepaper, we need more observation, especially about the personal information of an ICO project.
3. Applying more strict regulation / rules to new ICOs. They must show complete identities of the each team members. If not, all crypto forum must not accept them.
4. Crypto world should have an authorized party to judge whether a new project legit or scam.       

[Kadal Mesir]

Several projects have come and succeed and have proven beyond any doubt that they are real, while most projects have come with the purpose to scam people. I have an opinion that if there are proper regulations and strict rules that guides the operation and the way ICOs are run, that will reduce the rate in which ICOs scam people.

If you have any other opinion or contrary opinion, you can share it with me.

Thanks.

In my opinion, to detect ICO scam is difficult. But We must be carreful. Learn the white paper and the man behind the project.

[Sudarmono]

what really all said was fierce, that some of the ico projects were fraudulent, and I strongly agreed that if there were strict regulations for the elimination of the ico project, it would have been able to avoid fraudulent processes made by a group of people by enriching themselves.