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RE: ICO Scams 2018 - Programmer explains
MY personal ICO scam alert is on when:
- designers of project are anonymous
- there is no open source code of wallets,cryptocurrencies etc.
- there is no any contact info
- there is no roadmap and whitepaper
- ICO works as lending platform
I will never invest any money in project with atleast one of that points.
Not all Lending platforms are a scam.
Salt and ETHLend are great projects with a working business model.
But projects that promise 1% a day are scams for sure - Bitconnect being one example.
These are the sort of questions people ask in the current (old) economy when investing. As they say, we shouldn't throw the baby out with the bathwater. We should not forget the hard earned lessons of the past. Crypto currency does not mean greed will dissapear