What is a 'Scam Suspect' ICO?
An ICO is marked as a 'Scam Suspect' due to all, some or at least one of the following reasons that raise concerns about the project's modus operandi;
- When a project's core mandate and description changes and/or totally deviates from what it was initially set out to do.
- When a project is grossly misrepresented and the team/founding members are discovered to be falsified and/or not who they are supposed to be.
- When the project website goes off or is distorted for more than 48 hours.
- When Investors and prospective investors are unable to get a response from a project's support/client service department or core team members within a period of 72 hours.
- When all of of project's social media go off for more than a week without a plausible reason given.
Example for Scam Suspect ICOs: Prodeum, Bitroad, Benebit.
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