Signs To Spot An ICO Scam — Part 3
1) Using multiple buzzwords
Buzzword is one of the terms used to describe the use of high-end, dangerous, but very cliché, not informative content, intended to confuse the reader.
For those who are not professionals in the industry, hearing these buzzwords will feel like this is very specialized, majestic and specialized information.
But it is not because people intentionally make the reader do not understand or misunderstand it.
Not only crypto but investment everything too, we should only invest what we understand.
When you want to invest in a project, find out it’s important to make a decision on whether to invest or not.
As for projects that do not understand well, though tried very hard but still do not understand the best you should not invest.
ICO projects are very much, missing 1–2 projects is not a big deal .
There are always better and better projects so we do not have to rush.
2) Having no roadmap or impractical
“ All roads lead to Rome “, only depends on the distance, there are roads the are closer to the destination, there are longer roads lead to the destination.
Our world is changing very fast, sometimes the only ICO project is that someone has stolen the idea to build a new ICO.
Ai faster, grab the market share, he wins.
So when looking at an ICO project, the roadmap will help us visualize where the development team will lead the project and for how long.
It is difficult to mobilize capital to start a project, but using it wisely to get the project to the destination is the hardest problem.
For projects that do not provide roadmap, we will not be able to know where this project will go and how.
When we do not know how they will use our money to develop the project?
Do you have peace of mind to invest ?
Or if they provide the roadmap but it sets a very unreasonable route, then it will be difficult for the project to succeed.
3) No demo products
Do not listen to what they say, look at what they do.
No matter how whitepaper is presented in detail, but if there is no demo, all you hear is still on paper.
That is the project that just said nothing but to work on anything.
You know that!
Easy to say, hard to work them out.
Everytime you do something that before you think it is easy, but to do it again is very sour?
Obviously when you start to work then you see a lot of problems exposed.
These problems, though we have never thought of, until the roll up sleeve.
With a project that only stops at the whitepaper, they will not know what problems can arise when deploying, since their deployment plan will be much harder to correct.
What will happen if they plan to raise $ 10 million but when you start to know that you need 50 million dollars?
Does that mean you have to release more coins to do ICO ?
4) Intuition
This is based on my own personal experience in reviewing ICO projects.
Sometimes I feel that the project is okay but I do not know how to feel confident to invest so I added.
Invested of course everyone is expected to profit, but also to be comfortable again.
The ICO project out there is very much nothing to worry about.
We can not get into this deal, we got several more so don’t worry bout that.You can’t just invest in something spending days and nights being worried seeing the money fall down right ? Comfortable is important too.
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
WEBSITE
https://kriptoa.com/
TELEGRAM
https://t.me/KriptoA_com
FACEBOOK
https://www.facebook.com/KriptoA
INSTAGRAM
https://www.instagram.com/kriptoa_com
TWITTER
https://twitter.com/KriptoA_com
REDDIT