I think that this is becoming more and more common lately, so what can we do to ensure that responsible people can be punished?
I think the easiest thing to do is to contact the developers before investing or before you decide to participate in the bounty of this project. You need to contact directly by phone, if it is specified or it is best to go and look at the address indicated on the website, is there really such a company. If this is not possible, but create a theme and ask people to find out if there is such an organization or people.
In general, by any means to identify the identity of these people. As soon as we can add personal identification, these people will not be able to just fool us. Because you can write to them in the police under the article fraud.
The most important thing is that today there is everything necessary in order to really find and punish the people who are deceiving us. I think it's time for us to start doing it, otherwise the ICO may die.
If you have any other suggestions, I will be glad to hear them.
Yeah true. Because many fraud ICO's, investors will afraid and won't come investing and ICO will die someday.
Personally, i think it will be better to make some platform for holding ICO. ICO companies need to submit the KYC of their team.
So, the investors will have a better guarantee that their money won't be scammed because it is the real ICO.
I think ICO will not die because ICO is a way to introduce something new to the public and it's a way to attract an investor to invest in the project. I am sure that there still any good project that could survive and continue the project and they will not makes the investor disappointed with the project. This type of project will reach the success someday because they are careful with the project and of course, with the investor too. But I don't deny that right now, there are many ICO becoming a scam because the dev and the team only giving promises without any proves and say be patient.