At least 1 in every 5 ICOs is a scam! How to avoid the fraud?
>>>Recently The Wall Street Journal has made a research with anxious results. Experts have checked 1450 different ICO project to make a conclusion that 271 of them have all the signs of scam. So, ICOs remain very risky type of investments.
>>>The method that WSJ utilized for analyzing these ICOs was focused on finding duplicate whitepapers, weird promises like complete return guarantees, or listing fake executive staff who are not related to cryptocurrency or have no relation with ICO that has listed them as a team member. The study has also found that many ICO team pages featured pictures from stock photos. The most striking example is perhaps Premium Trade, whose five-member executive team purportedly appeared on 500 other unrelated websites, according to a Google reverse image search performed by WSJ.
>>>For one, you should double-check all claims made by the company before trusting the marketing content blindly. It also helps to run extensive background checks on their team members to make sure their credentials are indeed legitimate.
>>>It is also always a good idea to read the white paper, and see if it defines a clear product idea, including the technical details (remember to check for plagiarism).
>>>And if you spot any overtly bullish claims like registration with the SEC, lavish celebrity endorsements, or a billion dollar solution you should avoid such investment opportunities
Good information to increase knowledge and be more careful in making investment decisions. Based on what you reveal, at least we can be more vigilant and check everything related to the project we like in detail before starting the investment.