5 ways to identify and protect yourself from an ICO scam
Poorly written whitepaper or websiteA non-existent or poorly written whitepaper and website are unmistakable signs of a fraudulent project.
A heightened sense of urgencyProjects that exhort investors to act quickly in order to capitalize on potential returns are a major red flag.
Non-existent roadmapA reliable project frequently has a detailed, understandable chronological roadmap of its financial objectives.
Marketing pyramid structuresIf the ICO’s marketing material depicts multiple tiers where people are encouraged to bring new buyers, it is a clear sign of a Ponzi scheme.
Flawed tokenomicsIf a sizable portion of the tokens is concentrated among the project members, this is another indication of a potentially fraudulent ICO.