Exactly so, what solves the problem here is to scrutinize the ICO's whitepapers and roadmaps as well as the Team behind the project. Its very key

Well maybe there are some selection criteria? How can a person who is just starting to work in this area determine where fraud is and where not?

It is a complex question as it can have multiple variables.

1. Is it a new technology that is "viable".
2. Is it run by an experienced team that aren't going to disappear to the Bahamas for 6 months once they receive the ICO funding.
3. Is it an existing business model that can work and be moved to the blockchain.
4. Is the market value correct or purely speculation? (Ideal for selling an ICO for pump and dump but very likely it may never recover the change in its market value).
5. Will it be legally possible where the ICO is going to be listed.
6. Is the whitepaper information purely speculative or built on facts?
7. Can this ICO be replicated by another team with more experience and begin to dominate the market faster?
8. Are you interested in the ICO as an investment or like the idea even if it may never happen?
9. What does it bring to the blockchain?
10. Is it ethical, moral or sustainable as it's not always about financial profit.

So there is so many reasons that ICO's can be good or bad and often its purely upto what the investor wants out of it.

it's better to choose iko where there are few users, where there are good bets, and a decent team with a sound idea.
then everything will be fine

Yeah, if the leadership is zero, then the project is zero. I have seen so many projects that looked promising, gave good road map, and gave beautiful ideas and what happened at the end? They ended up a scam, dead or even at some point abandoned by the dev to its own fate.

The leadership and the team will always want to keep their reputations in check and would make sure they give investors the platform to make lot of bucks from believing in them enough to invest in the first place.

First off all i am looking at web site after reading whitepapers and the most important factor for me is team i am looking at their linkedin pages reading what they did in the past etc. and lastly the community about the ico.

ICO is good should have a clear flow of funds for the ICO, if by no means scam. There should be an experienced team in order for the ICO is not obstructed or sometimes the payoff is not timely

A whitepaper serves as those company’s pitch with possibility what their projects do. As such, it if a chance to be well-written What's more generous enough to provide urging contentions for the reason individuals if trust the dare for their speculations. Nitpicking those whitepaper Might substantiate advantageous in uncovering those subtle elements for how their results worth of effort Also the thing that compelling reason zones they will make tending to.

The team members are like the backbone of every project. The project may sound or look good in the eye but without a good team, it may not reach the certain point that looks perfect for investors to make some real good cash.
As long as the team is good, they will surely always come up with a good project and work very hard to make it fly. Good team always believes they are indebted to their investors which is why you just cannot miss it.