Hello everyone,
Recently scam ICOs are growing rapidly and it has become a severe problem among the investors and bounty participators. Can you guys please tell me how to detect them ?
Until quite recently you could distinguish between scam and non-scam ICOs looking through their whitepapers and website, but now swindlers have learned to create fake and believable whitepapers and websites. So now to stay safe - always look through the team, if you see that those people took part in other projects, which weren't scams - you can rely on them. And also remember the rule - never invest more money, than you can afford to lose.
That's a really good answer. I always check the projects in terms of fraud. First of all I look at the team. If the team is good, then the project has a future