I don't want to believe that the project would be among the scam projects I have experienced in the past. Its impossible to be certain about the legitimacy of any project in this space especially when there's nothing solid to hold claim of. We can only hope that the project would stand the test of time.
It would be clumsy for anyone to give a guarantee for the validity of a project, even if the person is an admin of the project. Most Admin are are salary earners without a deep root in the project. They could be replaced at intervals and only have access to the information which are meant for public consumption.
One cannot give validity of the project. I agree on that. But they can give proof about how the progress is. And conduct AMA to answer any questions from public which will give confidence to the investors.
Yes, that's a good point. The AMA is a potent yardstick of gaining trust from the community. Several persons have questions about the project and would be glad to find answers directly from the CEO or a member of the team. This should be considered as a means of gaining the confidence of potential investors.
AMA is good and I look forward to being part of it when the team is ready for it but it's no guarantee for success because admin and Co cannot tell you anything that can deter you from the project. I feel it's a source of information that will guide the decision wether or not to participate in the project.
Yeah. AMA is usually the place where most participants find it easy to get answers to their questions. You get to see how the team and founders think of their project too.
If they take the questions on the fly and really answer most of them, then yes. If they preselect the questions and level the tough ones aside, no.
