Fraudulent ICO / Presales

Fraudulent ICO

We have learned in a previous chapter about ICO and how innovative some could be. However, it is also easy to pull off a scam by fabricating a fake ICO, creating a marketing hype, and take investor’s money.

Fraudulent ICO often have the same red flags:

  • Copied Whitepaper
  • No or unclear Roadmap
  • Mismatch of written and said words
  • Half team anonymous or fake pictures
  • Ignoring hard questions or strict moderation of public chat groups
  • Bad token economy

Icobench – This website uses to list and rank every ICO, but be careful, even the most legit website might be corrupted once.