Hey everyone, How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money. mWhat are you looking for to verify that they won't run away with the cash?
The team is the main key to find out if the project is legit or scam, if the team is clear then next you have to find out the background of the team, experience is the key to project success.
Next is the progress made, whether the project follows the roadmap or not, if everything goes according to plan, most likely the project is legit, then you just need to monitor what the team is doing, if there are suspicious signs you can get out faster. I've done this method many times and the results are very good.