BioCoin Token Sale Investor’s Fraud Alert ?


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Beware of BIOCOIN ICO , take into consideration that all ICOs are unregulated ,and do not provide protection to investors ,in case of fraud or loss.

The Hacking Team will monitor from now on , 24 hours a day , the financial reputation of BIOCOIN and the people involved in this company, and will notify you about every complaints, Reviews, Scams, Lawsuits, Frauds reported online.

Get helpful information regarding, allegedly unethical financial practices, connected to the BIOCOIN websites .

Do you have financial information to share about BIOCOIN ICO ? Please email it to us at [email protected] , we will publish it , in a 100% anonymous way . If you have any serious information about criminal activities connected to BIOCOIN ICO , we will pay you 1 Bitcoin for valuable inside information .

After a careful evaluation it looks like BIOCOIN , has no clear business plans. And while investors might hope that the BIOCOIN tokens appreciate in value, as those in the bitcoin and Ethereum networks have done, that may not ever happen . The SEC is on the lookout for pump-and-dump schemes , and we will pass them our reports about BIOCOIN ICO .

Before buying tokens at BIOCOIN , please check first , our reviews page , you will find always the most updated information about BIOCOIN , including existing lawsuits records , bankruptcy, legal issues , negative articles, negative comments, negative customer complaints, scam reports , fraud alerts ,arrest records ,negative blogs , negative forum posts , negative mentioning ,negative reviews.

Wall Street’s top regulator has a warning for mom-and-pop investors who are rushing into the booming market for initial coin offerings: the space is probably full of fraud.
We looked the team up. We did not limit ourselves to Facebook and LinkedIn profiles, and tried to find more social activity from them. We runned a full background check on every person involved in BIOCOIN ICO .

There is no trace of discussions, participation in any groups or projects — it is a red flag. We invite you to Investigate the core team behind the project. Find out if the team members actually exist , who they really are , what they have done till those days , when they opened their LinkedIn accounts , etc… Do they have a track record or experience that is relevant to the project that is verifiable? In the BIOCOIN ICO case , the answer is negative .

Are you confident that the team has the ability to deliver versus what is promised and are the goals achievable? The Answer is NO !!

Submit your story about the BIOCOIN ICO , on our web site for free, for millions to see.

We investigated the legal side. Look up at the website domain , the real registration address, their offices location  — we even sent an offline mail to the office mentioned .

We even googled the cell number and e-mails  that are connected to the BIOCOIN ICO team — and found traces of previous activities in the far corners of the web, that told us a lot about the team members .

You can also easily check if they are a real member of the Bitcoin community through a very handy feature on Bitcointalk, the most popular cryptocurrency forum out there where this projects are usually announced.

Speaking about the BIOCOIN ICO theme, or their business concept, we really do not think there’s a market for that kind of product and even if there is , there are stong rivals in the field already . Scam can be seen by an over optimistic or too general description and this is what happened with BIOCOIN ICO .

After SEC & MAS reports, everybody knows one can’t just issue ‘randomcoins’. So if a token is not supported by anything (i.e bonuses, ecosystem, company share etc), its issuer might be a scam. So how the BIOCOIN ICO tokens are actually backed up ? Good Question indeed !

Be sure to check the past track record of the team and learn about any of the completed projects that are available to you.

For the more technically inclined, check whether the project’s code is open for scrutiny on github.

The BIOCOIN ICO project’s code appears to be cloned from another token/app , this means it is likely to be a scam.

Before investing in BIOCOIN ICO : Put questions towards the project team and draw conclusions from the types of responses you receive or discussions you read in these forms.

Are the project developers open to dialogue?

Are they forthcoming or are they evasive? ( Check by yourself ….you will not like what you hear )

Are responses specific or do the parties involved speak in generalities? ( Generalities from what we found out )

Do they come off as overly optimistic? YES , they are !

Good question you must ask yourself before buying their BIOCOIN tokens are :
“Could this project be accomplished using a token that is already in existence, such as Ether?
“Is the creation of a new token necessary?”

According to our analysts the BIOCOIN project will not be able to acquire a share of the market space , with their product innovation or services.

How long has the BIOCOIN project been in development? Nobody really knows .

The BIOCOIN project has no substantial record of progress over several months and has only recently appeared, this is a sign to be very cautious.

Is the token supported or projected to be supported on more than one exchange now or in the near future? Very Difficult to answer in BIOCOIN case .

How will the tokens be used, by whom and are there any indications of support coming from the market? We do not know !!

We have a lot of unanswered question regarding the BIOCOIN ICO :
Will there a cap on the maximum amount of coins that will ever be produced, like bitcoin, or will there be a steady increases in the number of tokens issued over time that could effect the value of all tokens in the future?

How will the token be used in the network and is it even necessary?

From what we read online the BIOCOIN ICO , often makes bold claims about their product even though said project offers nothing new or disruptive.

No serious team will ever make a price prediction about their token or claim it can fix the world. But the BIOCOIN ICO team did exactly that on their website . AGAIN RED FLAG .

The BIOCOIN ICO whitepaper is a real Buzzword salads , looks good , but when you actually sit down to digest it, this ICO taste like vague claims and empty promises.

You do not only want to see a very thorough whitepaper, but also look for a variety of complementary resources such as SWOT analysis, financial model, wallet design, competitor analysis, institutional studies, and more

We anayzed the matter and there is NOT a strong business case for BIOCOIN technology.

When evaluating the BIOCOIN ICO, the good first question to ask is: “Do they need a blockchain or a native token for this project?” The answer is no to both, chances are the ICO project is an example of solutionism — crypto for crypto’s sake — or a scam.

ICOs will usually have an escrow to hold user’s funds during the ICO and after. So keep an eye out for the Escrow participants and the escrow conditions. This may save you some money. We do not think that the X startup is using the top Escrow service . And if it’s not, it can be a good indicator about the ICO being a non-authentic one.

Ask them the right questions before investing even one single dollar in the BIOCOIN ICO .

While there are definitely some companies building innovative things on top of blockchains (and in the crypto space generally), there are many fraudulent groups who are looking for a quick cash grab. The field can be even more confusing to navigate when malicious groups get celebrity endorsements. Surely a trusted face would vet whoever they support?

Realize that even if a blockchain startup passes all of these tests, it doesn’t mean for certain that they aren’t trying to scam investors out of their money.

One thing that you should not forget to check on is what people are talking about the BIOCOIN ICO which you are interested. If you have any doubt, you can simply put an open ended question on the forum asking people their opinions.

All the discussions here will be a great indicator about the BIOCOIN ICO being an authentic one.

You can go to Bitcoin Talk or Reddit for such information.

And no matter how alert you remain, there will be a few people in coming times who will con even the smartest of you but as the market matures, the probability of an ICO being a fraudulent one will decrease and ultimately reach a null value.

REMEMBER : If something seems like a scam, it probably is.
Post your Anonymous Complaints & Reviews Today about BIOCOIN ICO .

EMAIL US at [email protected] , about all the inside information you have about the BIOCOIN ICO .

We will make sure that every person ,that will search information on Google, about BIOCOIN ICO , will find , first of all , your review . Our Reviews are top level ranked on Google, Yahoo and Bing , and we constantly show up on every possible search term , related to BIOCOIN ICO .

The Hacking Team is a top level crowd sourced review site , the main difference between us and other complaints and reviews sites is that , we monitor the companies issuing ICOs , 24 hours a day , and report every single piece of negative information published about them online .

ICO — the hottest craze in cryptocurrencies — is an ‘absolute scam,’ Wikipedia Founder Jimmy Wales says .

On this webpage you can post anonymous reviews and complaints about BIOCOIN ICO .

If you have any kind of information about BIOCOIN ICO , that connects them to financial scams , online frauds and investor’s complaints , let us know !

The Wolf of Wall Street Thinks that ICOs Are ‘The Biggest Scam Ever’


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Thinking up a product is not the same thing as creating it. Startups very often “burn out” when faced with unforeseen problems. Someone goes bankrupt after launching his startup, while someone else doesn’t launch at all.

Because of such frequent failures, many countries have begun to tighten the screws: China has banned ICOs completely, and the US prohibits the receipt of dividends through an ICO.

First of all, you have to understand that an ICO is a significant risk.

Any project you invest money in must be real right now, not in the distant future.

Any contact information, including phone numbers and addresses, must be valid.

An ICO must have its own currency system, and the holder of it should be its exclusive beneficiary. The token it issues must not only be sellable at a higher price, but also have a solid rationale for its further development in the project. Definitely get familiar with the white-paper section, where this point is described in detail.

A scam ICO could favour 2 approaches to supply management:

Fixed supply to boost the appearance of scarcity and push up the price .
A fluctuating supply allowing them to sell an apparently scarce supply and then programmatically double the supply and dump it onto an exchange before fleeing into the wilderness.

Lack of open team profiles: If an ICO doesn’t provide social profiles of the team members, it’s quite likely to be a scam. Try to find a team that has at least one member having a successful crypto project under his/her belt.

Compromised or missing escrow: Absence of an escrow account is the biggest red flag to look out for. Similarly, if an escrow releases 100% funds to the project team after ICO, it’s a bad escrow, and should be considered as a red flag. Fund releasing should happen gradually such as 20% after token distribution, 40% after beta release, and similar milestones.

No technical details in the whitepaper: If an ICO promises to disrupt an established industry without providing any technical or operational details, it qualifies as a scam. Good whitepapers have charts, calculations, specifications, and even code at times.

Unrealistic goals: If an ICO makes bold claims without an economic plan or roadmap to support it, it’s best to avoid investing. Further, even if the team has offered a roadmap, you have to do your own research and judge the feasibility of the project.

Missing code repository: This is another sure shot method to spotting an ICO scam. If the company is unwilling to release its code to public repositories such as Github, avoid the ICO altogether.


You should understand the business model laid out in the whitepaper in totality. Legitimate whitepapers will include how the raised funds will be spent and how many will be available to the public via the crowdsale. You should never invest in a company that doesn’t have a legitimate Whitepaper and by reading the whitepapers of already successful ventures, you can get a great feel for what data you require.


The best thing you can do is to communicate with corporate executives involved with the ICO. In most cases, they are more than happy to provide valuable information to help you make your decision. Always be aware that the people you talk to may not have the best intentions, so try to avoid sales pitches. Instead, focus on validating the company’s existence and direction.


What is an ICO Scam?
ICOs are a cheap way to finance artificial development without any commitments. They are a scam in itself because there is no insurance on the failure to deliver.

ICO’s & crypto’s don’t have well-documented proof that their business roadmap is working. Purchasing into one is similar to investing in a startup business with no evidence. It’s risky. More times than not when you invest in, you are investing in a research project, not a company. Yes I know, it is a little harsh assessment but an excellent sobering thought to possess.


Why Does the ICO Scam Work?
People will be people; there is a lot of money to be made on speculation. The lure of making back your money quickly is a great selling strategy. It is a new generation of Ponzi schemes. A simple reason on why ICO is so popular and works is because they are not regulated formally by any financial jurisdiction, and exist in the crypto ecosystem where there are fewer checks and balances.

Your investment is extremely liquidatable; you can cash out whenever, which makes this space quite distinctive and exciting. Combine this with your typical individual who understands little of investing and only throws money at things. Hype fuels a good deal of gains in crypto’s which adds more danger, as any marketing firm can tell you Hype can be bought or created artificially.


How to Not Fall into the ICO scam?

With investments in ICOs always remember, you are not investing; you are mostly gambling. Most of these companies will likely fail to deliver on their promises. Maybe they never intended to make a product in the first place.

The first rule of thumb when it comes to investment in new ICOs is never investing in them unless you have seen a working prototype of their product in action yourself.

Due diligence is the key when it comes to research in the upcoming ICOs and the products they are offering. You cannot just rely on other people’s research, comments, thoughts or analysis. There are always individuals who pass off paid promotion content as their research.

It’s always a good idea to Invest in something you do understand. Since you already know the basics of the product, you can dive deep and learn about their technology, market viability, supply, demand, roadmap, incentives, etc.

As you are probably aware, the huge majority of businesses fail within a couple of years of starting. The businesses who do not, get purchased or acquire significant additional amounts of funding. They have good revenue streams, clients and well-documented evidence that their business proposal is functioning at some level.

We will for sure see an ICO perish later on. It is possibly a bit too new at this time. But at least among the recent ICO’s if not more, that sounds all amazing and contains millions of dollars in market cap, will fall into nothing. The collapse will not happen overnight; it is going to happen over a year or two even years. We have already seen crypto’s do it.


It is easy to liquidate the commodity asset of your digital currency asset and turn this into other digital currencies or back to cash.

The policies of the company meet the standards for advertising practices of financial services and technology, as prescribe by the SEC or ASIC or similar regulatory body.
Typically this means that claims must be substantiated

HOWEVER – in most cases, the claims of Digital Currency ICOs are more generally OUTLANDISH in nature and feature HYPE MARKETING which promotes only a potential upside that has no correlation with reality.

ICO – Initial Coin Offering
Specifying terms and conditions of the downside is a legal requirement not adhered to by most ICOs. ICOs divert this by saying they are technology advisors. However, unlike IPO rules under SEC, ICOs only need a white paper about a potentiality and a funky website to solicit millions of dollars in digital currency investment.


What user problems will this project solve? Do these problems really exist? Is blockchain able to solve them? Is blockchain really needed at all for solving these issues? Are there similar projects already available and how will this one make a difference in the niche?

Find out who is behind the project: who are founders, top managers, partners, and advisors? Look each of them up on LinkedIn and Google, are they industry veterans or pioneers? Are they opinion leaders with thousands of followers in social media? Or are they newbies coming out of the blue sky? Is there at least one notable advisor or partner onboard? In short, try to answer just 1 question: Will these people risk their reputation and track record to put their names next to the project that’s a scam or has a high potential to fail or never deliver? If the answer is – yes or quite likely, better stay away from such an ICO.

Figure out whether the project idea is feasible from technology and deployment perspective.

One of the main issues with startups and ICOs today is that the proposed ideas look truly revolutionary and great and can quickly attract supporters, but most of them can’t be delivered due to technical limitations and other factors. According to recent surveys, 84 out of 100 ICO projects are never delivered, and one of the key reasons is the lack of technology to execute.

Make sure ICO has a good white paper put in place that details HOW exactly the project will be executed. Even if you have little understanding of the topic and are driven solely by the project idea, an obscure and too general white paper can be an indication of severe problems in the structure of the enterprise.


Here’re the basic characteristics to look for in a good white paper:

Easy navigation and decent UX;
No typos and grammar mistakes;
Diagrams and pictures are relevant and informative;
It contains a detailed analysis of the current market state with relevant statistics and a strong analytical component;
It describes all functional features and how they’ll be executed and deployed;
It shows the benefits for the target audience and partners;
The document includes a clean roadmap and easy-to-read “Use of Funds” section;
The white paper lists all project key team members and their background;
It contains a clear and comprehensive project monetization/revenue strategy.


Promises of guaranteed gain on your investment
All forms of investments carry a latent degree of risk – some investments might be riskier than others. When you do invest in a new cryptocurrency, you do so with an understanding that you may lose part or all of your money – and that’s why seasoned investors conduct due diligence to measure risk in relation to reward before they invest. However, if a cryptocurrency offers you a guaranteed amount/percent ROI on your investment, it is most likely a scam because it’s eliminating the risk factor in investments.

Before you invest your funds in any ICO, you need to take a moment of introspection to reexamine why you are investing in the said cryptocurrency. Are you buying into the ICO because it has strong business fundamentals or because the sales pitch make you feel good? You should also avoid buying into an ICO because the marketing pitch is always in your face through ads, emails, social media, or an unrelenting friend.

Every new cryptocurrency that has shown decent odds of success inherently has a unique function, role, or feature backing its fundamental value. Hence, you should be wary of any cryptocurrency that doesn’t have a clear-cut outlay of its usefulness.


Github activity and sense of constant growth
Teams working on cryptocurrencies typically have a GitHub presence for their project, at the very least; their programmer will have a GitHub presence. GitHub is home to more than 20 million developers who work together to review code and manage projects. Any cryptocurrency that can’t show meaningful Github activity is most likely working on copied code (sometimes stolen code) and you’ll most likely be investing in their shiny website and emotive sales copy. There may be the occasional lone ranger who works independently without consulting or showing off their work to other developers on Github, but for the most part, Github activity is a decent measure of legitimacy.


Amount to be raised in the ICO
The amount of money that a cryptocurrency startup wants to raise in its ICO can also provide valuable insight into its credibility. Cryptocurrency startups usually sell tokens in an ICO in order to raise money to build their product, add new features, or scale their service to control a larger market share. It is somewhat hard to pick a ballpark number of how much money a company should raise in an ICO to pass the credibility test. However, scam artists won’t mind vanishing into thin air with a few hundred thousand dollars worth of Bitcoin. Hence, you should be extra cautious around companies that want to raise thousands or single digit millions in an ICO.

Be extra-cautious around instamine and premined coins
The distribution process for getting a cryptocurrency into the hand of stakeholders and into the general market can also provide you with insight for identifying shitcoins.

A cryptocurrency using an “Instamine” distribution process is simply (deliberately/unintentionally) distributing its coins unfairly across the board. In an instamine, a larger supply of the total amount of coin to be created is mined in the first few hours of the launch. Such a large supply of coin ends up putting the price control mechanics of the cryptocurrency in the hands of a few individuals who can manipulate the price of the cryptocurrency at will.

A “premine” distribution system, while not necessarily an indication of a scam suggests that the creators of the cryptocurrency already own a portion of the cryptocurrency before it hits the exchange. Hence, once the coins hit the exchange and it gets some traction for a price uptrend, the creators can decide to sell off their premined coins and exit the cryptocurrency.


Whole countries ban ICOs. No, not only China – even the crypto-friendly Switzerlandwarns ICO market is full of scams. Pump and dump tokens appear every week, gather several dozens of “great project!” fanboys on Reddit and die out.

There are rare exceptions, especially now that startupers have been getting cautious considering public disdain for ICOs. Example – The Colony deciding to put off their ICO before the product is ready. They feel the Zeitgeist right – the public is tired of ICOs.


There is no product. The Minimum (!) Viable Product will appear 3 months after you give them your money. They are raising capital for a product that is not ready yet. Most ICOs that do that are utter scams. Take an IPO and replace “product” with “coin” – you got your ICO, company shares sold before company showed even a prototype.

Daydreams about token price
Utrust is worried about their token price, describing how good the price growth will be ! This is a huge red flag. These people talk how their token supply will decrease (basic cryptocurrency feature present in all coins) and the token price will grow. See how fat that rising bottom line is. This is all they want – an expensive token that will let them dump and exchange it for Bitcoin.


There are thousands of ICOs even going on right now but unfortunately, most of them are scams or fake and out to steal your money. Most of ICO scams target first timers, but even experienced traders and miners fall into the scam trap.

Point number one that differentiates a good trader from a poor trader from day one of trading is the ability to detect scam or fake ICOs or at least the progression of the desire to. Mark you most scam ICOs that come from experienced scammers are hard to know or detect because even complicated computer-based techniques are used to spoof and woe people into fake and scam ICOs.

Fake ICO sites and cloned ICO sites are on the rise and they appear more real than ever before because technology to aid cloning and emulation of trustworthy senders and websites is now much better. So you might get a phishing message that has malicious links that direct you to unsafe websites or cloned websites designed to look exactly like the genuine original ones, and hence participate in a fake or scam ICO.

Some links will even direct you to spoofed wallet addresses such that you send funds to the scammer’s mixing pool instead of the ICO’s multisig or wallet. After that, it is almost impossible to recover unless the whole chain is hardforked or reversed and the scammer deposits are deleted.

Most scams of this nature advertise ICOs through emails and message boards (in platforms).

Hackers, impersonation, identity thieves and illegitimate representatives
Most ICOs add in Slack or Telegram support to serve their community, but in some cases, because of the open nature of these platforms, it might be hard to know who the real and legit representatives of the actual ICO are. Some scammers create identical profiles similar to those of real ICO officials or hack programs and/or client software and send personal messages with pre-prepared messages and wallet addresses so as to direct users into cloned malicious ICO websites and wallets.

If unsure, you can use third party tools such as this Chrome extension to protect yourself against blacklisted phishing domains or check third party tools and extensions to use on other browsers or computer.

For now, do not trust links that are sent via Slack or Telegram. As a precaution, visiting the address by typing it into the address bar of a browser is much safer than clicking the links on emails and messages.

Some cons impersonate website addresses of very well known crypto domains and wallets in order to gain trust and then send links via messaging platforms. Always do your research to find out whether the said ICO and the website are just a spam or clones.

Compromised escrows

For starters, funds during ICOs are usually stored and transferred through an escrow system known as a multi-sig system. The owners of a multi-sig system are two or more trusted members of the community (each with one key) and one project team member so that the one project team member will need permission from the two keys of a 2-out-of-3 multi-sig wallet in order to move funds.

Funds do not get moved until the promise is delivered and deal sealed. Scammers play around the idea of this wallet by, for instance, creating a disguised profile to be party in the multi-sig escrow system such that 2 of the three parties are one and the same person and therefore the person can move the funds easily.


Nothing to offer in the whitepaper

For anyone willing to invest in an ICO, please check the ICO project’s whitepaper for more technical and real information before moving forward. What you expect from a real ICO is high-level descriptions and specifications, step by step, about how the project will go on and how the technology works.

You will get charts, calculations, simulations, formulas and other specifications. Some ICO scams will not reach that level probably because they target unsuspecting investors who either do not have time to read whitepapers or do not know whether one even exists. However, many do.

While most ICOs do not have a product, their service description must be convincing. For a serious investor, these investments are high risk and so you want to be sure and thus you should go into understanding the ICO project details in the whitepaper, and that’s how you will differentiate even a deeply hidden ICO scam from a good project that offers real meat. The question is do you understand the white paper well enough that you can defend the project?

Remember you can always get third party help in checking whether an ICO has anything good to offer so do not go on hurriedly and blindly unless you are sure the project is right.

That said, know third party tools that help detect scams: Wings is one of the tools that help to detect ICO scams by first analyzing the whitepapers of the projects proposed, the project features and the campaigns.

Wings lists ICOs that have registered with it and some would shy away from registering because it can be hard to defend their projects in public or at the face of criticisms. But the analysis by third party tools can also help you detect those ICOs lying to you with a bold face.

Most ICO scams are easy to detect right away for their shady campaigns, but this tool goes further into giving you details of why certain projects aren’t worthy your time and money.

You might also want to follow up discussions about the project at BitcoinTalk, a popular cryptocurrency forum where members even expose fake and scam ICOs.


No code repository

Genuine ICOs always have code at repositories like Github or Sourceforge, which you could count on even if the whitepaper does not contain anything sensible. Some of the ICOs to worry about are those without code at all and those with just a clone with a few changed lines on the code.


Shady pasts and shady histories of developers

Anonymity of developers should not be enough reason to reject an ICO project. Also, you cannot reject developers simply because they just entered the field the other day. They could shine like any experienced developers and that has been shown to be true.

However, if the developer has a profile to check out or has run any projects in the past, you might want to check whether those projects were successful because most scammers will always come back to steal more even when past projects were total scams. Do your research to find out who the developers or ask the online cryptocurrency community.

You can follow discussions about ICO projects on BitcoinTalk and see if the developers have had past projects as well as other details of their accounts. The forum could also mention scam projects or shady projects you need to shun. You need to go past that by asking and checking if the developer is running multiple BitcoinTalk accounts to promote his or her stuff or check why that could be so…it happens.


The buzzword salad
Fake and scam ICOs are interested in making their project statements and paragraphs and websites look and sound great, so there is a lot of buzzwords and absolutely nothing new for the reader and potential investor to learn. It turns out that the combination of attractive words, facts and new information will make a text look and sound great in the full description of the word great. \

If you are an investor who is interested in or who gets wooed easily only by attractive words, you might be in the wrong cause so please be sure to go deeper than that. Once you get excited with any ICO offer, know that the Fear of Missing Out (FOMO) is real and deal with it by taking time to decipher the facts from the company statements.

Goals are unrealistic

The first tact you can use to defend yourself against a fake or scam ICO — or even an ICO not worthy your time — is ascertaining that the project goals are indeed unrealistic. While an ICO could have a genuine interest for business but lack realistic goals (which is an indicator that you should not invest in it in the first place even if it was genuine), this strategy can help you deal with people out to steal your money through an ICO.

Most fake and scam ICOs boldly defend their projects and products but have nothing new or innovative features to offer in the market, so it is almost certain that their project will collapse after a while.

Besides, fake ICOs make vague claims. Usually, they will claim that they can get huge gains within short time but cannot back that up with substantial claims, or make weird claims like they will finally end all the global crises in the ICO world of computers and digits. Actually, instead of giving details of the project for anyone to assess and scrutinize, they are more fascinated with projections of a better future and better market prices and gains.

Fake pictures

A lot of scammers have a lot of technical know-how, background and experience. They know a lot of things way ahead of potential investors and that is one reason many people get scammed. Most of scammers won’t use fake pictures as their profiles because they know that there is a free software to detect picture forgery.

However, they might use this technique to aid other techniques in scamming. For instance, they could Photoshop pictures and put them on profiles of people you won’t be interested in checking such as banking professionals they claim to be in partnerships with.

Ensure that a Startup Seeks to Solve a Significant Business Problem

Obviously, to be paid back, money must be invested in a business that makes a difference. Therefore, in the case of TGEs, with their multimillion crowdsales, the executive team must address a prominent problem. As without this foundation, there isn’t any credibility. Is it?


Is it clear how a startup’s proposition works and why would customers buy into it?

In general, during the development of their fundamental business strategy, the majority of ICO sturtups focus on attracting investments. Originally, they may not even care about the future elaboration or even operational processes of their products. They simply endeavor to encourage crypto-investors to buy their tokens actively within a certain period. Without a doubt, it’s the wrong approach. The reason being that all of this is extremely important for the future operations of a sturup as a mature business unit. These things will determine whether the price of a token issued by a company goes up or down at the crypto-exchanges. Obviously, all ICO supporters are waiting for 10x capital gain, but the majority of us do not care about the deadlines for a project release.


Is there enough information on which to base an investment decision?

It’s obligatory to piece all the facts together to make an informed decision regarding your investments. Thus, you should determine if a company conducted market research to identify a particular problem based on qualitative and quantitative arguments. Its white paper must contain facts supporting the arguments that prove a company’s ability to provide a solution to a problem while getting an income.

So, before investing in an ICO, you should find the following sections in the White Paper of a startup:

Profound research identifying a problem and why an industry must resolve it;
Problem evaluation determining the main aspects of a problem;
Providing a Unique Solution (product) based on the first sections;
Description of Benefits of the solution for all parties (token holders, employees and clients);
Finally, it’s necessary to explain how funds raised will be spent on building a product from the ground up.