How Do We Know A Scam Cryptocurrency or ICO?

in #ico7 years ago (edited)

With Cryptocurrency becoming the new wave of the future and people becoming aware of the opportunities that lie in embracing this technology that has already brought many out of financial difficulties.

As new Cryptocurrency is been developed on a daily basis, this, however, has led some greedy ones to develop their various Cryptocurrencies with the main aim to scam, reap people out of their hard-earned money. It is now becoming more difficult to differentiate a scam Cryptocurrency.

cryptocurrency-scam-1.jpg

Is it possible to know a scam Cryptocurrency right from their Initial Coin Offering (ICO)? This is the very stage people are being scammed, many would want to catch the coin at the ICO stage without knowing that it is just a scam.

If you think or you know ways to know how a scam Cryptocurrency can be detected from the ICO stage, please your comments will be well appreciated as it will save many from those greedy scammers.