Every day on the Internet there are all new messages about new coins, which are going to be released during the next coolest ICO, but not all such "novelties" should be paid attention. There are many reasons for this, but the main one is fraud, because among a couple of truly worthwhile coins hundreds and even thousands of fakes have hidden, the only purpose of which is to lure more money from trusting crypto-investors. The following instructions will minimize or even avoid the risk of buying anything.
1. The catch is visible right away if the company promises "golden mountains", leading beautiful graphics that show the potential sky-high growth of the coin. In the market, it is difficult to predict anything with such remarkable accuracy.
2. The project team is anonymous - this is suspicious. There is no point in hiding your identity when implementing such projects, so if developers keep such data secret, there is a big risk of running into scammers.
3. The project does not have technical documents and a working product, at least on paper. The idea can be revolutionary and very tempting, but without any documentation or patent, its value tends to zero. And if the scale of the project is incredibly huge, but the developers did not bother to attach to it at least a couple of pages with a description, you can be sure that this is a hundred percent scam (fraud).
4. The absence of a patent and technical documents from a giant hyper-mega-project is alarming no less than a team of three specialists who work on it. It's impossible to start a big project, making all three of us-four. A clear sign of the scum.
5. A large team of consultants - also does not always mean success, because many of them just work out their salaries, and some are PR, trying to take part in as many projects as possible.
6. Do not be skeptical of small projects, preferring big ones, because sometimes a coin with a market capitalization of 10 billion dollars can cost one cent per piece, and a coin with a one million dollar capitalization - all ten dollars.
7. If there are practically no contacts on the site or they do not appear at all, it's worthwhile to bypass such guys - apparently, they have something to hide.
8. If there are no projects on social networks, you should stay away from them, because any businessman understands that there is a large audience of potential customers behind social networks - it's foolish to ignore them.
9. After studying the official site, there should not be difficult questions and oppressive impressions. If an ordinary person can not understand the essence of the product, then for whom is it then created? The more people involved in the process, the better, and if they (and you do not) understand to the end of the essence of this muddled undertaking, it is probably best to pass by. In addition, you need to carefully look at the site of developers - often scammers use the name of the site familiar to everyone and known names, and the pages themselves imitate the sites of decent start-ups and companies.
10. If the documentation of the project simply tells you what Bitcoin and blockchain are, it clearly smacks of a divorce. Neither the Bitcoins nor the blockboys were created by these developers, they just rush in fashionable words, hoping to let people dust in their eyes and quickly enrich themselves.
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