How to Spot a Fake ICO? You know my methods, Watson.
Did you just encounter an ICO advertisement promising enormous return? Or does the tagline read “PRESALE SOLD OUT IN A SECOND?” With exponential growth in public interest, esoteric terminology and lax regulatory framework, it is no surprise that some ICOs have been used to fund scams and cheat investors of their money. It is becoming harder and harder to spot a fake ICO simply because scammers are getting better at it, it’s never too late show them you’re the best. We’ve got ourselves to put together few tips to build a Vocab for Beginners thinking of investing in an ICO. You might want to take a quick look at the tips to make sure you crack the right nut. WATCH OUT FOR PURPOSE OF THE ICO The Blockchain movement is all the rage these days converting numerous companies, including tea corporations and photography giants, into its followers, but there always should be a purpose the ICO strives to serve. Whether it is realistic and full of potential? Note that not every venture is required to leverage the Blockchain technology for its functioning. In this case, moot question to be asked is whether Blockchain and support of ICO tokens are really necessary to reach the stated goal. If no, you just need to walk away. THE MIGHTY WHITEPAPER