Many cryptocurrencies being launched as simple scams seeking to swindle investors. Some are very easy to identify, but there are others that go the extra mile to hide their true intentions in layers of technical and business jargon. They may even have legitimate ideas, but their true intention is keeping the ICO money for themselves.
Global Spy tries to determine whether a startup is authentic. They check whether the business is legitimately registered in its country. Global Spy can even send the research executives in the region to the physical officers to the researchers to ascertain the authenticity. This makes it difficult for scammers to steal money from investors.