Post
Topic
Board Altcoin Discussion
Re: ICO Scam Alert Youtube Channel
by
ColossusOfCrypto
on 10/02/2018, 01:31:51 UTC
Good idea, I love your work. Nowadays, many people lazy to read and prefer to watch the video to gain more information. Especially in crypto world. Many ICO coming every day. And no one knows which ICO is a scam or legit. One question, what method do you use to define Scam ICO?

Thanks for the words... I believe i mentioned it before and its certainly the whole process to the first video (Introduction)

I use some simple processes of elimination!
A) The technicality of the whitepaper - and if the token makes sense to the technology
B ) Most Important - References to code (and not a smart contract) Alpha/Beta versions are absolutely the thing to look for, but if GitHub pages are available then making sure that work is being done by more than 1 developer!
C) Researching a little on the team!

Usually with those 3 you can come up with a pretty clear picture of what the ICO has for itself!

Hope it helps, its certainly one major factor of checking to see Scams!