octanox - Red Flags
Hi.
As promised here are some of the things I saw that was a little bit dodgy about this ICO.
When you search for octanox in google you get the following.
Sure bitcointalk is a very good place to start investigating, but it is so easy to create multiple accounts and give some great feedback etc. So just be aware of that.
Great it is actually shared on cointelegraph, must be legit then? well look a bit closer. Yip it's a paid Press release. Easy to miss with the light gray color of the text.
As a rule I don't invest in any ICO without a well written Whitepaper. I could not find anything, only a Roadmap which doesn't really mean anything.
Actually see if the Team profiles actually link to the correct page. Even contact some of the people. It seems that some ICO's just link profiles of people that are not even aware that they are linked to the project. Look at the link for this profile !?
Hovering on this guys LinkedIn just returns you to the octanox website.
Actually create a profile and see if everything works correctly.
Here when you login it asks for an F2A, which I suggest you always do when joining any ICO.
Low and Behold.. eventhough it says you can use F2A there is actually nowhere you can set it up. Another red Flag.
Not a very professional Verification e-mail either.
Doing a WHOIS on the actual website also tells a lot about the long term vision of the ICO. Does not seem like they have a very long term vision.
Also do email the admins or support of the hosting company. If they feel it is a SCAM they will remove it.lots of selling, no buying (trading) meaning they cashed out as soon as possible.
These are just a couple of things that you can investigate to make sure that you do not lose your money.
Thanks for reading.
