Post
Topic
Board Altcoin Discussion
Re: How to know if the ICO is scam
by
Casabrandy
on 14/06/2017, 03:58:54 UTC
Let's say it is legit ico but can you know thoughts on founders' mind? maybe they just want to exit by taking your money in any time in the future ?

Exactly! a lot of ICO's already done that, you invest a lot of money to it and then it suddenly disappear, that's why it is very risky to invest in ICO nowadays.
Can give an explanation for me, Why am i invested in the aragon project and my money does not disappear? The ico with a good team will give you a lot of bucks and i like that. it just need all of your effort OP.
See escrow wallet or ico address in trust on the trusted third party, so dev should not use ico funds before the coins are really launching.
See also advocate advisors of advertisers or funders on the ongoing ico project. It may partly recognize a good ICO.

This is so true and good hints. Also, the devs or owners are transparent enough with their project. They nay appear in public so that we know them. Also a good tie up from established company add credibility to the project.

Escrow have been used to know if legit ico's same with it's good to know if the team and devs were easy to ask or cooperative enough for the investor questions. The credibility and feedback should be a anticipated.