Post
Topic
Board Altcoin Discussion
Re: How to avoid ICO scam
by
Igorpap2
on 28/07/2018, 06:20:54 UTC
I mean, is there an exact list of rules that could guarantee that someone who follows them will surely not become a victim of another ICO scam. Of course there are obvious rules like event participation, reputation of team members among ather prifessionals, approve by well-known advisors. But potential scammers also know all these criteria and know what to fake exactly.

Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion.

Would be appreciate a link to an old thread, perhaps I just didn't find it.

UPD Best Advices:
  • learn about previous ICO projects, select viable ones and participate similar ICOs
  • invest in an ICO with a working prototype only

As for me the most attention should be paid to the project team. First of all, it's worth to evaluate their profiles in the social network LINKEDIN.
 It is also very important to evaluate the projects in which the creators of this project participated earlier, it is desirable that the project was successful ...