Quote from: Shimmiry on March 27, 2019, 05:56:38 PM

While ICOs is an ethical way of raising money through crowdfunding, the process is obviously fraught with danger if you fail to do your due diligence of the company, its backers, its team, advisors, and its concept. Here are a few signs when an ICO is most probably a scam, first, are promises that are too good to be true, a shallow whitepaper, then check the core team if they're real or fake, also uncapped or unrealistic raise is a red flag and lastly, breathless hype on social media, if an ICO is confident on its product it shouldn't rely on buzz word hype in social media. Talking about these ICOs, great example would be finished and running projects like Stackr and Bitrus.

I guess too, for an ICO to succeed there must a perfectly working product. Too bad I ain't invested on ICOs you mentioned.