To an investor, scam or just bad deal from honest entrepreneur are the same - a money burner.
These 4 warning signs are like a first filter.
Short window to decide. This is a FOMO tactic.
Uncapped raise. Imagine a traditional fund raise where investor asks “how much are you raising?” and the answer is “we won’t tell you”.
Minimum Viable White Paper (MVWP). Term coined (sic) by Andreas Antonopolous. An empty GitHub is a bad sign if the ICO promoters are pitching open source. However, what investors should be looking for is at least a Minimum Viable Product (MVP) demo. A “trust me we can build this” pitch is a bad sign.
Lots of buzzwords and breathless hype on social media. You know the pitches that look like they were created by a random buzzword generator.
I thought Wall Street was a rough market where you had to be super careful, but the ICO market is worse.
There are still ponies in there, but you have to dig through a lot of pony poop first.