ICO Red Flags Every Investor Should Be Aware Of

There are a lot of ICOs out there. ICObench alone has 331 upcoming ICOs listed, 641 ongoing ICOs listed, and an additional 908 ICOs that have already ended. You don’t want to invest in just any ICO either. You want to invest in the best ICO. Even more important, however, is investing in a legitimate ICO. 

I’m not here to tell you what’s the best ICO out there. But I can get you up to speed on some ICO red flags that will, hopefully, help you avoid getting scammed. As always, the most important thing is to do your own research. Use this list as your springboard and go from there.

The following red flags will be broken up into High, Medium, and Low Risk. A red flag listed under Low Risk, for example, may not necessarily mean that the ICO is a scam – but it is still good to know any shortcomings of any particular ICO, because they may alter your investment decision regardless of legitimacy.