Be careful to promote ICO - Fake ICO promotion may sends you Jail
Blockchain technology is a great invention of our time. It is gaining popularity day by day. We are almost close to the time when everyone will be dependent on the blockchain technology. It is not just about digital currency or digital transaction, It is actually for all aspects of our life.
The more we see the popularity the more we have experienced scam projects. Everyday new ICO is launched. As common people have little idea about blockchain technology they can not analyze the real projects to the fake one. Scammers actually target those people.
Just a few months back, we have seen a scammers promoting an ICO. ICO websites were fantastic but they makes the mistake to include a famous graphic designer. Actually he is a famous hollywood actor. Did you notice how reckless a scammers are? They did not even bother to include a fake graphic designer on the websites. Anyway, When this news goes viral, scammers shut down the websites.
Recently, Colorado Department of regulatory agencies Cracks Down On Two Companies For Illegal ICO Promotion. So be careful when promoting any fake ico or Illegal ICO. News Source
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Lots of money has been raised through fake ICO.
We need to be careful not to fall into trap
We need to analyze every ICO we are investing. Look at their whitepaper. find out how much they are talked about in the crypto world.
Sometimes it is actually very difficult to trace the fake one
Thank you for your suggestion. It is very difficult to understand the whitepaper for a newbie