How to check if an ICO is legit

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ImageSource: bitcoin-newswire.com

Hello Steemit Community!

There is a lot of new ICO's every day but not everyone is legit and they just want your crypto. I found an interesting website that analysis ico's in different fields like smart contract, public code, real team members, vesting, transparent, etc...

ICOCheck

They do a full review of the most hyped ICO's, taking always the "worst" approach, meaning they only watch the red flags, this is important because you need to research the cons and not only the pros in every project. Some are false positives but you can get an overall picture of the fields they are not very good.

One thing that they don't talk about and I think is very important is the public appearance or online, which means if they have AMA's on youtube or they have meetups to "show their real faces", because a lot of ICO's can simply create fake profiles and fake experience and scam a lot of people.

Investing in ICO's are risky and you shouldn't never invest money that you are ok to lose, make a deep research before investing.

Follow me on Twitter @johnycrypto

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How to check if an ICO is legit | Ecency