Hi Guys,
Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?
Thanks in advance.
99% of ICOs are designed for one purpose only - and that is to enrich the creator(s). In other words, yes, most of them are scams.
However, there are plenty of legit ICOs out there too. You just need to be very careful about which ones you choose to invest in. Do a lot of research in terms of the development team, whitepaper, road-map, etc. to gauge how successful you think it will be and then decide.
That's right. I think everyone knows that, and the idea that you're joining in that ICO for whatever purpose, either as an investor or as a bounty joiner, could be comparable to a small fish riding a big fish. You get the spoils but not the whole chunk of what they eat. Whether it's legit or not usually unfolds on how a project is received by people. I personally believe that many developers really want their projects to succeed and not be deemed as scams, but when it's not doing good until the very end, then they are also left with no other choice.