[Translation] How to Avoid Scam ICOs (Part 1)

I thought ICOs were fading, but just as I was thinking that, Tech Bureau announced a striking development.

Shocks and excitement! Tech Bureau announces COMSA, a Japan-origin ICO platform#comsa #NEM https://t.co/wYF1kVQRLh pic.twitter.com/2BkyMugP7t

— Treost☠Technical Adherent (@TrendStream)August 2, 2017

So, I feel like an ICO movement may start up again in a new form from here on out.

By the way, since COMSA uses the NEM and Ethereum chains, as ICOs become more active, those networks will also become more active, generating many transactions and positively impacting the market value of XEM and ETH (especially NEM).

I found an article that seems timely for avoiding scam ICOs (fraud ICOs), so I translated it into English.

It's long, so it's split into a first and second part!

How to Avoid Scam ICOs

Crowdfunding is shaping the future of finance. Investment is no longer limited to a small group of people, and when launching a project, you no longer need to meet all the requirements of venture capital investment.

Nowadays, there are multiple platforms that allow users to raise funds via crowdfunding to realize their dreams or projects.

In the blockchain industry, crowdfunding is highly popular. Such activities are usually conducted in the form of ICOs (Initial Coin Offerings), and tokens are offered in exchange for Bitcoin or other cryptocurrencies, or fiat currency at the time of issuance.

ICO has become commonplace, and it is not unusual for more than one ICO to be launched in a week. However, it is not easy to distinguish high-quality ICOs from fraudulent ones.