Post
Topic
Board Beginners & Help
Re: HOW to 100% avoid SCAM ICOs
by
Hamphser
on 23/10/2018, 20:12:44 UTC
To make 100% to avoid scam is impossible because even the good project can turn into scam if one of their team member do,but you can prevent it by doing some research of the project you want to invest,escrow for an ICO i think it is not posible.
Also not all the projects that fail are scams, you just need to look at the world of businesses to know that most of them fail even if the owners had all the desire to become successful, and the same applies to the ico market, there are many good persons out there that are trying to develop something new but they are underestimating the difficulty and the costs that it will take and so the project will eventually fail.
Successful projects/owners dont really easily achieve that state because it would really need to convince the community to have that kind of support.Achieving success wont really happen just overtime but it would really need lots of factors to be seen until it would able to get such support. You are right that there are serious project owners that do really strive to succeed but difficulties would be faced wont really be that easy.
This is especially true at a moment like this where the market of cryptocurrencies is not really growing and where it may seem like we are not going to see a bull market in a long time, so many developers are facing a terrible choice, do they try to start their project even when no one seems to want to invest in it or do they wait? But if they do wait then it is possible another project gets a first move advantage over them.
Its just an option if the team or project would decide to pause or wait for the right time but as you said there would be a possibility that other projects that do have similar
feature on yours will cover you up and might get the interest to be funded which is really a disastrous thing.We have seen projects tends or decides to extend their ICO sale
and for the reason which market is really on bearish mode and most investors are hesitant and afraid.