Hey guys,
The other day I was asked this question on Quora and responded saying that a way to identify potential ICO scams is looking at several things. Here are some of them (would like to know your thoughts if that's alright): The first one was looking for companies that are making a sudden pivot into the blockchain space. This, to me, are companies that failed and now are trying to make a quick buckspecially companies in the USA with previous VC funding. The second is looking at the previous experience that the team has. I'm noticing a lot of projects where no one on the team has real experience ni the blockchain space. The third one, and this one is very important, is those projects that don't put 100% of the team's tokens into escrow for at least two years. This is obviously a sign that they are trying to get rich quick. Any thoughts on this?
First, they don't up date any news/ information in many platform, such as social media, web and telegram chat. Second, too many complain about their send - received token/ coin product. Last one, their announcement look's not professional. Not working link, not enough road map information, etc. I only do that and I'm glad it safe me form scam ICO project.