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Author Topic: How to avoid ICO scams?  (Read 907 times)

daviddaniels

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How to avoid ICO scams?
« on: July 16, 2018, 11:52:48 AM »
ICOs are the source of major mass online frauds. So, I think people should know what things to look out if you are investing in an ICO. The major thing is the KYC/AML compliances. If an ICO is compliant by that it is safe to invest. I would like to know other methods of security while purchasing ICOs.

AlexHales

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Re: How to avoid ICO scams?
« Reply #1 on: July 17, 2018, 04:23:53 PM »
You just need to use common sense, as most ICOs which are scam usually look that way as well, so not exactly a huge difficulty to figure it out. Another formula we could be using is to keep on with market news and updates, it’s where I am pretty safe and easy having AsiaCryptoToday as the way for complete coverage, which really makes the job incredibly EASIER! I highly prefer it and keep me with complete update!

daviddaniels

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Re: How to avoid ICO scams?
« Reply #2 on: July 20, 2018, 02:29:37 PM »
I think that is a good approach but scammers are always connected to some news outlets as well and news outlets are not responsible for any kind of scams

Winner

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Re: How to avoid ICO scams?
« Reply #3 on: July 20, 2018, 03:52:28 PM »
it's extremely hard to identify scammers... The best way is to analyze plans, information on website, mentions in the press etc.

I think that is a good approach but scammers are always connected to some news outlets as well and news outlets are not responsible for any kind of scams
In such case pay attention to media outlets' articles. If they have mark "sponsored" or "pr", it means that it was published at a fee (so, it may be untrustful).

Joankii

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Re: How to avoid ICO scams?
« Reply #4 on: July 23, 2018, 11:28:29 AM »
And make no mistake there is also ico who uses kyc is a scammer, which obviously hard to guess it

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ViktoriaM

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Re: How to avoid ICO scams?
« Reply #5 on: July 23, 2018, 11:53:29 AM »
One of the main rules - do not trust what is written on your site project. Check everything yourself!
Do not forget that from the idea to its implementation - not one step, and to come up with a product - does not mean to create it. Very often, startups "burn out" when faced with unforeseen problems. Someone becomes bankrupt after the implementation of their start-up, and someone does not take up the implementation at all.

Cryptassist_India

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Re: How to avoid ICO scams?
« Reply #6 on: July 24, 2018, 07:38:40 AM »
And make no mistake there is also ico who uses kyc is a scammer, which obviously hard to guess it
True! But one needs to stay updated with other investors too who are investing. Join the ICO specific groups and keep in touch with the creators and advisors. If it's a fraud, I'm sure there won't be much activity and even the organizers would be hesitant. KYC, no doubt plays an  important role. Research is very important before investing in any ICO. Taking suggestions from the experts would be helpful.

gian.noahcoin

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Re: How to avoid ICO scams?
« Reply #7 on: July 31, 2018, 06:35:33 AM »
ICOs are the source of major mass online frauds. So, I think people should know what things to look out if you are investing in an ICO. The major thing is the KYC/AML compliances. If an ICO is compliant by that it is safe to invest. I would like to know other methods of security while purchasing ICOs.

Check this very helpful guide from NOAH Coin. They made an infographic on How to Spot Cryptocurrency Scams. https://noahcoin.org/blog/how-to-spot-fake-cryptocurrency-infographic/

garyreese

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Re: How to avoid ICO scams?
« Reply #8 on: August 01, 2018, 01:01:38 PM »
ICOs are the source of major mass online frauds. So, I think people should know what things to look out if you are investing in an ICO. The major thing is the KYC/AML compliances. If an ICO is compliant by that it is safe to invest. I would like to know other methods of security while purchasing ICOs.

Create STOs or secure tokens to avoid falling for ICO scam projects. Security Token Offering is a new trending technology in cryptocurrency world.

The secure token offering or STO is gaining popularity in the cryptocurrency market. The STOs help in liquefying illiquid assets and valuing it through SEC and federal regulations. This offers a sense of security over investors. STOs define the cryptocurrencies and the ease of liquefied assets.



pwt22

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Re: How to avoid ICO scams?
« Reply #9 on: September 23, 2018, 07:37:28 AM »
There is a long list of requires, for example you should learn each team member. But if you don't understand how it works, you shouldn't even try to invest in ICO.
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fulled

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Re: How to avoid ICO scams?
« Reply #10 on: September 23, 2018, 09:23:23 AM »
Check the rating, check the target cap, check the team, if they already attend on some events i think the chance to them to scammed us is very low

Mao99

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Re: How to avoid ICO scams?
« Reply #11 on: September 23, 2018, 11:06:55 AM »
ICOs are the source of major mass online frauds. So, I think people should know what things to look out if you are investing in an ICO. The major thing is the KYC/AML compliances. If an ICO is compliant by that it is safe to invest. I would like to know other methods of security while purchasing ICOs.
This is the question of many people including me, when investing in an ico, everyone wants it to be a good ico

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Re: How to avoid ICO scams?
« Reply #12 on: September 23, 2018, 12:39:32 PM »
For me we / you can avoid those scammed ICO's if you're going to make some research and know a lot of details about the project that you're in.
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Re: How to avoid ICO scams?
« Reply #13 on: September 23, 2018, 02:03:59 PM »
For me we / you can avoid those scammed ICO's if you're going to make some research and know a lot of details about the project that you're in.
After enough research the only one problem is ico it self, can the project pass the mininum cap or not, ive seen many good project fail to reach minimum cup, and the project discontinue :(

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Re: How to avoid ICO scams?
« Reply #14 on: September 23, 2018, 02:35:50 PM »
ICOs are the source of major mass online frauds. So, I think people should know what things to look out if you are investing in an ICO. The major thing is the KYC/AML compliances. If an ICO is compliant by that it is safe to invest. I would like to know other methods of security while purchasing ICOs.

You have to really see the details of the project that you are following, especially the projects whose sales are quite promising

 

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