People we are all arguing that 80-90% of projects are scam startups. But in order to avoid it, we just need to invest only in ICOs, which use Escrow. That's it.
No product progress = no money.
In addition to the Escrow usage there are some other signs of a good project:
- Working product (or a highly developed prototype) availability
It proves that the team already invested its own time and resources in their idea.
- Reputable member in the team or advisors section.
It must be a person whose previous projects were successful.
- Add other parameters what do you think guaranty the success of ICO project.
Your guide is not fool proof.
There have been instances when even the non escrowed projects turn out to be legit and all the participants actually receive the money they deserve.
On the other hand, there have been times when even projects managed by good managers have turned out to be scams.
So there is definitely no foolproof guide to choose the right campaign.