5 ways to identify and protect yourself from an ICO scam

Poorly written whitepaper or website A non-existent or poorly written whitepaper and website are unmistakable signs of a fraudulent project.

A heightened sense of urgency Projects that exhort investors to act quickly in order to capitalize on potential returns are a major red flag.

Non-existent roadmap A reliable project frequently has a detailed, understandable chronological roadmap of its financial objectives.

Marketing pyramid structures If 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 tokenomics If a sizable portion of the tokens is concentrated among the project members, this is another indication of a potentially fraudulent ICO.