I mean, is there an exact list of rules that could guarantee that someone who follows them will surely not become a victim of another ICO scam. Of course there are obvious rules like event participation, reputation of team members among ather prifessionals, approve by well-known advisors. But potential scammers also know all these criteria and know what to fake exactly.
Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.
Would be appreciate a link to an old thread, perhaps I just didn't find it.
UPD Best Advices:
- learn about previous ICO projects, select viable ones and participate similar ICOs
I would agree, that this is possible to distinguish scam from sound ICO projects. But some ICO projects even looking sound as they are promoted in WP, mass media etc. (I'm not talking about crap-by-default-ICOs, those will do anything to look decent) may still not come to successful realization due to some external factors out of ICO team's control which were not properly assessed at the planning stage. Such projects would still be called scam in the end while in reality they should be understood as crap by poor planning/management. So my idea is crap-by-default ICO is an event planned to succeed only at it's fundraising stage and vanish afterwards, while some ICOs do struggle for success and do not come to life due to poor management or influence of external/internal factors (poor planning/management or legal changes, market changes, political reasons etc.). But all of the failed projects together will be still called scum, while in fact they should be divided in 3 categories: scam-by-default, crap-by-default, crap-by-external/internal reasons.