Post
Topic
Board Altcoin Discussion
Re: How to avoid ICO scam
by
belcini
on 27/11/2018, 04:32:21 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


I am fully convinced that despite the obvious crisis in the crypto market today, you can find promising and profitable ICOs if you wish. But before investing in ICO, a thorough analysis is needed - study the development team, proposed technologies and further development strategy.