Dear All!
As many of us are aware the fact that there are many scams fooling and cheating people of their money under the disguise of ICOs,it would be really useful if your thoughts can be shared for all to be cautious of.
Please be kind enough to comment your ideas!
Thank you!
It's really hard to tell whether an ICO will scam you or not but there are some certain measures that you should be doing before investing in an ICO. For you to be able to know about the project you should read the whitepaper for you to understand the nature of the project whether it is realistic or not. It is also very important to know the people behind working with the project. You need to research as well of the possible affiliates that this project have to back them up for their development. Make sure that the project will also address a certain problem that most tokens or coins wasn't able to deliver for it to be useful and have value when its launched to the public and always follow your gut feeling and intuition almost all of the time it's correct when your in doubt about investing into a scammy project.
It is sure hard to tell but pretty easy as well. Any project you cannot trust the team to give your money to, or gives you that second thought instantly no matter how sweet the project sounds, then you should avoid like plague. There are just some investors who are always fond of doing trial and error just for the sake of profit and this is where they always get it all wrong. The team, the project and all that encompasses it should not be left out and the main one being the team.