100K CLAIMED LOSSES
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Lucyd ICO Scam Alert !
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 . You do not only want to see a very thorough whitepaper, but also look for a variety of complementary resources such as SWOT analysis, financial model, wallet design, competitor analysis, institutional studies, and more . 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. 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 !! 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. 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. 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. Due diligence is the key when it comes to research in the upcoming Dogezer (DGZ) ICO and the products they are offering. You cannot just rely on other people’s research, comments, thoughts or analysis. There are always individuals who pass off paid promotion content as their research. 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. 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. 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. 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 . 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? Realize that even if a blockchain startup passes all of these tests, it doesn’t mean for certain that they aren’t trying to scam investors out of their money. One thing that you should not forget to check on is what people are talking about the Lucyd (LCD) ICO which you are interested. If you have any doubt, you can simply put an open ended question on the forum asking people their opinions. 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. And no matter how alert you remain, there will be a few people in coming times who will con even the smartest of you but as the market matures, the probability of an ICO being a fraudulent one will decrease and ultimately reach a null value. REMEMBER : If something seems like a scam, it probably is. Post your Anonymous Complaints & Reviews Today about Lucyd (LCD) ICO . You can follow discussions about Lucyd (LCD) ICO projects on BitcoinTalk and see if the developers have had past projects as well as other details of their accounts. The forum could also mention scam projects or shady projects you need to shun. You need to go past that by asking and checking if the Lucyd (LCD) developer is running multiple BitcoinTalk accounts to promote his or her stuff or check why that could be so…it happens. In general, during the development of their fundamental business strategy, Lucyd (LCD) , like the majority of ICO sturtups focus on attracting investments. Originally, they may not even care about the future elaboration or even operational processes of their products. They simply endeavor to encourage crypto-investors to buy their tokens actively within a certain period. Without a doubt, it’s the wrong approach. The reason being that all of this is extremely important for the future operations of a sturup as a mature business unit. These things will determine whether the price of a Lucyd (LCD) token issued by the company goes up or down at the crypto-exchanges. Obviously, Lucyd (LCD) ICO supporters are waiting for 10x capital gain, but the majority of us do not care about the deadlines for a project release. For anyone willing to invest in an ICO, please check the Lucyd (LCD) ICO project’s whitepaper for more technical and real information before moving forward. What you expect from a real ICO is high-level descriptions and specifications, step by step, about how the project will go on and how the technology works. You will get charts, calculations, simulations, formulas and other specifications. Some ICO scams will not reach that level probably because they target unsuspecting investors who either do not have time to read whitepapers or do not know whether one even exists. However, many do. ICO — the hottest craze in cryptocurrencies — is an ‘absolute scam,’ Wikipedia Founder Jimmy Wales says
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