There are already lots of ICOs. The phenomenon that began 3 years ago has become very accessible because of the ERC-20 based Ethereum token. Before we can detect a good ICO, we must at least know how bad ICO.
1. The team is inexperienced or anonymous: There is no crypto adviser, no investing venture capitalist is quite famous. Look at the interviews with the ICO Team to help us conclude whether the ICO is reliable or not. Furthermore, there is no single reason for a developer team to hide their identity.
2. Fake Website: Although it is not an error from the ICO developer, this is a very popular scam. Usually, scammers will create a website with a very exact 1: 1 display with a similar website address. Certainly, the one thing that is replaced on the website is the address wallet. How to detect scam website? Be careful if the website appears based on Google Adsense, the original website will also appear on page 1 of google based on the power of SEO.
3. Bonuses for everyone: The more funds obtained with a bonus, the more likely the ICO price will be close to the discount price. The more serious ICO is ICO which gives the least bonus to presale investors.
4. Aggressive marketing: Not only is aggressiveness in marketing, we must look at the promotional language they use. If using speculation sentences such as "proven solid from various economists, this coin will mooning, and take advantage of the conditions / shortcomings of the situation, etc." This is a very red-flag signal.
5. The whitepaper has no contents or is confusing: Detecting easily whether the whitepaper is valuable or not, usually scam ICO has a whitepaper whose contents 90% even explain cryptocurrency and blockchain. Very few of them talk about their own projects.
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