There are thousands of ICOs like Lucyd (LCD) , even going on right now , but unfortunately, most of them are scams or fake and out to steal your money. Most of ICO scams target first timers, but even experienced traders and miners fall into the scam trap. ICOs like Lucyd (LCD) , are a cheap way to finance artificial development without any commitments. They are a scam in itself because there is no insurance on the failure to deliver. The Wolf of Wall Street Thinks that ICOs Are ‘The Biggest Scam Ever’ Lucyd (LCD) ICO will usually have an escrow to hold user’s funds during the ICO and after. So keep an eye out for the Escrow participants and the escrow conditions. This may save you some money. Do you think that the Lucyd (LCD) startup is using the top Escrow service . And if it’s not, it can be a good indicator about the fact that this ICO being a non-authentic one. Fake and scam ICOs are interested in making their project statements and paragraphs and websites look and sound great, so there is a lot of buzzwords and absolutely nothing new for the reader and potential investor to learn. | It turns out that the combination of attractive words, facts and new information will make a text look and sound great in the full description of the word great. Ask them the right questions before investing even one single dollar in the Lucyd (LCD) ICO . You do not get the right answer , let us know . Is there a strong business case for Lucyd (LCD) technology ? Missing Lucyd (LCD) code repository: This is another sure shot method to spotting an ICO scam. If the company is unwilling to release its code to public repositories such as Github, avoid the ICO altogether. You can have the wrong impression that Your Lucyd (LCD) investment is extremely liquidatable; and that you can cash out whenever you want, which makes this space quite distinctive and exciting. Please combine this with your typical individual who understands little of investing and only throws money at things. Hype fuels a good deal of gains in crypto’s which adds more danger, as any marketing firm can tell you Hype can be bought or created artificially….and you get scammed like a baby !! While there are definitely some companies building innovative things on top of blockchains (and in the crypto space generally), there are many fraudulent groups who are looking for a quick cash grab. The field can be even more confusing to navigate when malicious groups get celebrity endorsements. Surely a trusted face would vet whoever they support? The best thing you can do is to communicate with Lucyd (LCD) corporate executives involved with the ICO. In most cases, they are more than happy to provide valuable information to help you make your decision. Always be aware that the people you talk to at Lucyd (LCD) , may not have the best intentions, so try to avoid sales pitches. Instead, focus on validating the Lucyd (LCD) company’s existence and direction. Any project you invest money in must be real right now, not in the distant future. Is this the case with Lucyd (LCD) ICO ? The first rule of thumb when it comes to investment in new ICOs is never investing in them unless you have seen a working prototype of their product in action yourself. Ask yourself : is this true for Lucyd (LCD) ICO ? Lucyd (LCD) people talk how their token supply will decrease (basic cryptocurrency feature present in all coins) and the token price will grow. See how fat that rising bottom line is. This is all they want – an expensive token that will let them dump and exchange it for Bitcoin. Please Note : fake ICOs make vague claims. Usually, they will claim that they can get huge gains within short time but cannot back that up with substantial claims, or make weird claims like they will finally end all the global crises in the ICO world of computers and digits. Actually, Lucyd (LCD) ICO , instead of giving details of the project for anyone to assess and scrutinize, they are more fascinated with projections of a better future and better market prices and gains. When evaluating the Lucyd (LCD) ICO, the good first question to ask is: “Do they need a blockchain or a native token for this project?” The answer is no to both, chances are the ICO project is an example of solutionism — crypto for crypto’s sake — or a scam. Thinking up a product like Lucyd (LCD) , is not the same thing as creating it. Startups like Lucyd (LCD) , very often “burn out” when faced with unforeseen problems. Someone goes bankrupt after launching his startup, while someone else doesn’t launch at all. Before you invest your funds in the Lucyd (LCD) ICO, you need to take a moment of introspection to reexamine why you are investing in the said cryptocurrency. Are you buying into the Lucyd (LCD) ICO because it has strong business fundamentals or because the sales pitch make you feel good? You should also avoid buying into the Lucyd (LCD) ICO because the marketing pitch is always in your face through ads, emails, social media, or an unrelenting friend. Unrealistic Lucyd (LCD) goals: If an ICO makes bold claims without an economic plan or roadmap to support it, it’s best to avoid investing. Further, even if the team has offered a roadmap, you have to do your own research and judge the feasibility of the project. Is the Lucyd (LCD) ICO whitepaper a real Buzzword salad , and looks to good to be true , but when you actually sit down to digest it, this ICO taste like vague claims and empty promises ? Let us know what you think , and let them know what you feel about their ICO .
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