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
Whatever you do, but almost no one is immune from fraudsters in ICO projects. Outwardly, they look perfectly normal, legitimate and interesting in terms of their prospects. In many cases, we cannot check the members of the ICO team, because we have no law enforcement capabilities. Yes, and they will need more than one month of checks, because they will have to check information all over the world. There are only general recommendations, but they can not guarantee anything.