Post
Topic
Board Altcoin Discussion
Re: ICOs are a legit or Scam?
by
johnny66
on 05/11/2018, 23:13:38 UTC
Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

We cannot conclude if the ICO is legit or a scam, without understanding their project, but one thing that we should understand is we need to read their whitepaper, review their project if this project is in need to the community, and don’t forget to review who are the people behind in the certain ICO’s. The main purpose of having an ICO is to gather funds, that would be needed in order to start the project based on the whitepaper and the roadmap., that’s the main purpose of ICO., but we must be careful that some hackers and scammers are making their way to create an ICO in order to scam the people, so it’s a vice versa, its either to create the project in reality or to scam the people, so my advise would be invest only what you can afford to lose.
There is a thread here listing all the obvious scam ICO (on bitcointalk)
https://bitcointalk.org/index.php?topic=4701035.0