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