I can’t believe some support anonymous devs.
Why would you do that? Anonymous could tell you to do everything nasty. I’m glad you are still doing fine today, because you would believe anonymous who tell you to bang the wall and stream it on for their entertainment.
Topic: Anonymous a red flag? (Read 612 times)
Anonymous is not red flag, also Satoshi was anonymous but you need to do DIOR. Many Defi projects were anonymous devs and it was a success.
More important factor is trust build by an anonymous dev.
You can't compare bitcoin to the shit currency we have out there, bitcoin was self funded there wasn't any such thing as sales of tokens like private sales or public sales, so it's wrong to compare both, the current projects with anonymous teams are all out to make money from investors, they are hiding their identity just incase they scam the investors there won't be any way to track them down. More important factor is trust build by an anonymous dev.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
Depends on the anon level to me. If you are talking about knowing the first name and last name and all KYC and basically knowing where it is based? You do not need that at all, who would need that, I think giving that much information just because you are creating a project doesn't mean anything at all. However if you mean not even knowing their telegram username? That makes zero sense to me.There are projects with "community manager" as the owner and admins of the telegram group because the real creators of the project are fully anon, that means it is not good, because I would like to at least learn their username, that is literally bare basic minimum requirement for me, you could start literally a brand new account on telegram for this, and if you do not even do that, it means you are a scammer in my mind even if you are not. Which is why there is a level to anonymity and sometimes it's okay, sometimes it's not.
specially for alts project.!!!
to me anonymous is scam. altz is just a game not for longterm that why the devs choose to be anonymous.
2016-2017 will not be repeated..!!!
that why there is no altseason..!!!
gaining the trust of a partner can be difficult if choose anonymous.
to me anonymous is scam. altz is just a game not for longterm that why the devs choose to be anonymous.
2016-2017 will not be repeated..!!!
that why there is no altseason..!!!
gaining the trust of a partner can be difficult if choose anonymous.
Anonymous might not be a red flag, but the devs that want to stay anonymous is the red flag, coin itself is perfectly nice to be anonymous, I think some people don’t understand the title, it didn’t state the coin itself is based on anonymous algorithms, it state the devs itself want to be anonymous while their coin may not be anonymous at all, it’s ridiculous when devs asking a lot of money to back their vapourware, think no further, nobody should give anyone large amount of money, it’s not even the point of crypto, crypto is supposed to be a currency, but ICO has give it a rather distasteful title.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
That’s always a huge red flag for me, I don’t invest in projects that the devs are anonymous and trying to tell something to me lol, that would be stupid, I don’t care if it’s cryptocurrency, if you’re going to be selling anything to me I should at least know who you are and your social media pages to verify your claims of who you are before I think of whether I should be investing in that project that you’re trying to market to me.Of course I have seen projects that are anonymous and became successful, but few of them, and scammers are now just trying to take advantage of that being anonymous of a thing to scam everybody and get away with it. So if you really care about your money and you don’t want to lose it, then I suggest you leave that project , there are so many other projects that are in the market.
Ah the classic reason, stay away from anonymous teams (believe me they are usually single person) , every single project that I have been with anonymous team, exit scammed.
So what about bitcoin ? An individual-built project ? Only Satoshi is the one whose identity remains unknown up to now? It is not always bad to invest in a project with anonymous team as long as they prove they have good resource and knowledge as well as the visionary. In order to recognize them, read the whitepaper, follow news. Even anonymous team can be concerned by sorts of news
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
No, if they are bringing something to the community that will enhance the use of the technology, Satoshi Nakamoto is anonymous and yet he revolutionizes the world, but if they are promising to give you something in exchange for funding them, then being anonymous is not good and they will become suspicious that they are trying to scam investors if they want money for their project let them come transparent.
I’ve seen that same kind of projects for years, they are all gone now. As a start-up project transparency is very important plus factor to gain investors confidence. The only anonymous that I’ve trusted is Satoshi, the rest are just copy cats. But seriously everything is heavily regulated by governments now, some developers should stop hiding from the shadows.
transparency is needed now to build cooperation with potential parties, and to give confidence to potential investors in general. especially after many bogus projects that take advantage of anonymity. We can also see that influencer support like EM can make a big difference, so "identity" is very important right now.although it does not rule out the anonymous project can be successful, as long as there is sufficient funding and the project is strong in terms of product and tokenomic support.
Anonymous team is red flag for me, I can't see myself buying or investing in such project when there's a high chance that the owner can just run off with my hard earned money, with the amount of crypto projects that turn into scam everyday, investing in a project that's has an anonymous team is very unsafe.
In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.
Agreed not all anonymous team are scam, but 99% eventually turn out to be a scam only 1% of them delivered at their words, unlike those hungry scammers out there. 
Ah the classic reason, stay away from anonymous teams (believe me they are usually single person) , every single project that I have been with anonymous team, exit scammed.
So what about bitcoin ? An individual-built project ? Only Satoshi is the one whose identity remains unknown up to now? It is not always bad to invest in a project with anonymous team as long as they prove they have good resource and knowledge as well as the visionary. In order to recognize them, read the whitepaper, follow news. Even anonymous team can be concerned by sorts of news 
I’ve seen that same kind of projects for years, they are all gone now. As a start-up project transparency is very important plus factor to gain investors confidence. The only anonymous that I’ve trusted is Satoshi, the rest are just copy cats. But seriously everything is heavily regulated by governments now, some developers should stop hiding from the shadows.
If it's a project with No ICO and No premine and it's also a PoW algorithm coin then I will gladly mine if it has good use case, but the red flag starts from project with Anonymous team and still trying to raise money, it's high risk investment
Look both eth and bnb are devs well known to people, they’re very successful, little can be said about anons through.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
Most of the time it's dangerous to invest in anonymous projects unless it's a mineable project that didn't raise funds from the public. That's why I invested in RVN and 0xMR, there are no public figures that can be sued or arrested to shut down the projects. 
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
Anonymous Devs are pretty common lately especially on Defi scene. On the past ICO trend, Those team that chose to be anonymous is a big red flag from investors, and most of the time they can't reach their hard-cap occasionally even their soft-cap but with in the past few months especially when successful projects like Pancakeswap have caught the attention of investors and start investing on Defi projects even if it's Devs/team is anonymous. 
Yes, of course it is a red flag, especially when it requires money to fund their project. Anonymity of the developers sounds sketchy, certainly anyone in this group would like to be provided with full details regarding the project before they start investing. Letting the investors know of the developers identities builds trust between the two. It gives a certain level of "security" so that anyone wouldnt be afraid of investing, and in the case of a scam atleast people know who are those developers.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
If they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
If they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.
There's a high risk when the team's asking for money, moving to anonymous means you need to entrust your money to
someone wo don't have any idetities. A group or a solo developers which the true intensions are unclear, knowing the team
behind the project gives you insight what are the potentials, if the team have good backgrounds.
Anonymous has slowly become a meme for most exit scam coin, every scammer love to preach they’re anon build for anon and to scam anon.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
If they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.
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They believe that just because crypto is decentralized means that they should stay anonymous as well. 
They want to be like the next to Satoshi into going at least pseudonymous, while it does not apply the same to day because most of their tokens would be worthless anyway after the day their token got listed.
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They believe that just because crypto is decentralized means that they should stay anonymous as well. They want to be like the next to Satoshi into going at least pseudonymous, while it does not apply the same to day because most of their tokens would be worthless anyway after the day their token got listed.
When investing on a project with Anonymous team it's like you gambling away your money, you can easily tell if a project is really going to be good or not if the teams are public, I remember judging polkadot and avalanche just merely by their team members information
Anonymous is not red flag, also Satoshi was anonymous but you need to do DIOR. Many Defi projects were anonymous devs and it was a success.
More important factor is trust build by an anonymous dev.
I don't like to compare Satoshi from being anonymous to new projects they are all saying btc creator is anonymous and so we are also anonymous the difference is Satoshi did not launch a token sale its just offered for mining before to collect coins imagine even obsolete PC can mine few btc a day but new projects today are too eager to collect huge funds of money with unknown team which is very risky there are lots of scam projects now and we need to be very careful when it comes to money thats why I always take a deep research into new projects with anonymous devs but has potential and interesting proposals I understand why some devs are also decided to stay anonymous I also seen many same projects before and has successful journey. More important factor is trust build by an anonymous dev.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
Why not let us know which project is this ? so you can have another set of people that will check their legitimacy.But for ICO or investing purposes? this is a 100% scam for me and a Red Flag of course.
We have seen so much drama from the developers/teams for long time now , Hiding anything just to make their Victims blind in case that seeking for claims.
if you find some kind of this , Just leave the group and forget about it , so your fund will be safe and you will be stress free.
Ah the classic reason, stay away from anonymous teams (believe me they are usually single person) , every single project that I have been with anonymous team, exit scammed.
That is just equivalent as you giving money to strangers, OP.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams.
Not sure what project is that, OP but it is a red-flag for me already if you would ask me.
Exactly in the vast majority of the cases there is not going to be any kind of justification for the developers of the project to remain anonymous and yet to still ask for people to trust them and to give them their money, it is obvious at that point that what they are trying to do is to avoid detection by the kind of people that we have in the forum that can know if the pictures or the profiles that they are claiming to be the theirs are in fact false, with this in mind we should always avoid projects like this and if you don't then you must accept the consequences which most likely will include losing your money. "Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams.
Not sure what project is that, OP but it is a red-flag for me already if you would ask me.
The thing is there are many crypto projects that have anonymous team members but are doing so well today, if any project have to go anonymous this time around that crypto is becoming so popular I'd wait and see how the project actually plays out because it's now more harder to trust new projects even those that have visible team members unlike this that have anonymous team
That is just equivalent as you giving money to strangers, OP.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams.
Not sure what project is that, OP but it is a red-flag for me already if you would ask me.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams.
Not sure what project is that, OP but it is a red-flag for me already if you would ask me.
Anonymous isn't a red flag, find some spare time and do research on most new defi projects since 2020 and also on NFT projects that are already on big exchanges you will see that majority of them have no information about their teams, they keep it hidden
then how can they be trusted?indeed not all anonymous projects are bad. like bitcoin, it is also an anonymous asset (pseudonym).
all returned to the developed project. When they can gain the confidence of investors and the market I am sure they will be successful.
But keep in mind, the situation at Bitcoin and anonymous altcoin today is different. we all know it.
Anonymous isn't a red flag, find some spare time and do research on most new defi projects since 2020 and also on NFT projects that are already on big exchanges you will see that majority of them have no information about their teams, they keep it hidden
I believe we can't directly decide that this is a red flag of course. We need to consider other things too. We need to learn the project more carefully if this the case. You have to dig deeper to the core of the project. How logical the project is, what product they offer and how real is the use case, who supports them etc. It's probably right they need to be anonymous. Apparently, many projects who introduce their identity still doing some fraud, because it's only a fake identity anyway.
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But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.
If that's the case I'd see whether their partnership is truly legit or not then if turns out they are legit it could somewhat add weigh to their reputation and see the technical aspect of their project. Sometime, project partnership sometimes worth more the developers identity if those are big investors, company, etc but I'd still be alerted, you know thing can go south real quick when it comes to anonymous team. For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.
Even if the team has a profile it doesn't verify them as legitimate projects. If the project is too good to be true and they promise a lot of development in a short period it is a red flag. Bitcoin founder is anonymous and yet it is the fundamental of all crypto. Doing dilligent research before investing saves you from investing in scam project.
You should first look at the project and its development whether the team did a good job to proceed with their project. If they are doing ICO, investors should just avoid it but if they are listed already on the exchanges and the project had continued developing it while they are anonymous I could say they are genuinely good and maybe trade their coins.
But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.
The team goes anonymous but still ask for fundraising? Every other projects I knew that have anonymous teams have no ICO or any fundraising strategy in work, for example monero, bitcoin and others, I'm not sure such project will end well, they can rugpull easily if they want since their identity remains hidden
If you have been watching the ico development since a long time ago and then you should have seen so many anon team wanna try to get the free money by issuing the garbage token.
This is an old trend and people have become even smarter than before to put a big red flag on the anon team.
That's why majority of people call a project with anon team is a scam project.
In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.
But there are massive differences, satoshi never asked for a single cent from anyone and he created a two trillion market out of nowhere, we cannot compare someone like satoshi to the greedy developers of today that want to get millions of dollars before they even write a single line of code, so the answer to this is simple if there is a developer out there asking for your money without revealing their identity never give them any money as there is a huge chance they are nothing but scammers trying to get to your coins and give you nothing in return.Yeah, this is the major difference those guys have their own trick so people who are new to the crypto industry need to be careful with such kind of lure you might fall into their trap. Legit projects are more often managed by some of our trusted managers in this community or if not, they will show their kinds of the team so that the others will see how much credibility they have or what we call popularity. Nevertheless, real projects are those that have a sound road map and active team or staff members not just some ordinary people whom you don't know if they really exist or not.
In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.
But there are massive differences, satoshi never asked for a single cent from anyone and he created a two trillion market out of nowhere, we cannot compare someone like satoshi to the greedy developers of today that want to get millions of dollars before they even write a single line of code, so the answer to this is simple if there is a developer out there asking for your money without revealing their identity never give them any money as there is a huge chance they are nothing but scammers trying to get to your coins and give you nothing in return. I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
If you asked this a few years back i would also support anyone who wants to be anonymous but we have seen a fair share of scams in the past and now a days if a project is planning to raise money then they need to be transparent but if they are coming up with an open project and there is no plans in raising money then they can be anonymous. 
I do not entertain project asking for financial support but are anonymous. Bitcoin is anonymous but it gain support because people already tested it and the fundamentals is incredible. Some developers idolised Bitcoin and also scammers trying to copy its standards to gain advantage to their potential victims.
The problem is bitcoin didn't even need the fund to create the best crypto in the world and satoshi nakamoto was the best guy in the world. This makes people will be careful with any anonymous project that was asking to get the fund for development purpose. So many parties were always marking the anon dev who wanna get the fund instantly as a big red flag.
Satoshi got a big success even without the fund.
I think that mostly of unskillful developers will always hide their identity
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
I don't think that all of the anonymous project should be red flag we still need to do some research if they are worth it,Remember that Bitcoin has anonymous creator all we know is the pseudonym Satoshi Nakamoto which is the King of crypto.
Truth remains that even with team members who are supposedly known, projects can scam too with the excuse that they couldn't continue. They soft exit and that's the end with investors' funds not returned. There's a project I did a bounty for in 2019 or so. The project did an ICO and raised a hell of cash, got the project listed on two average exchanges and then abandoned the project. Team members were known because during the ICO stage there were series of AMA and several seminars held too. But till date no legal action has been instituted against anyone. My attitude towards crypto investment is to invest cash I won't miss if I lose it. I have bought into many projects without knowing their team members and the tokens are doing well, at least. To me, anonymous team members isn't a red flag.
The team goes anonymous but still ask for fundraising? Every other projects I knew that have anonymous teams have no ICO or any fundraising strategy in work, for example monero, bitcoin and others, I'm not sure such project will end well, they can rugpull easily if they want since their identity remains hidden
I do not entertain project asking for financial support but are anonymous. Bitcoin is anonymous but it gain support because people already tested it and the fundamentals is incredible. Some developers idolised Bitcoin and also scammers trying to copy its standards to gain advantage to their potential victims.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
This image looks like the one on mocktail swap bounty project? Well team staying anonymous doesn't mean they are scam, I have interest in the project too but I ignored it because I wasn't so sure until the team decide to use Certik foundation which means a real prove of serious auditing, I hope this change your mindset about the project 
But airdrop etc. If there is a distribution with things and the project in hand will distribute the crypto money for free, it may remain. But others will be dangerous.
airdrop from the anonymous developers are not worth to be tried consider it has a very big chance to be another garbage coin and we should only stick into the legit airdrop. I will never try to trust the anonymous developer except satoshi nakamoto as the most trusted person in crypto.
We should not waste our time to promote the high possibility of scam project. this will make others got trapped by the scam project.
Aside from being anonymous, there are other things that comes through my mind about coin or token creation. And that is coming from the concept similar to DOGE which is a meme coin. I mean DOGE has no purpose, no real world use, and is shunned by many. But many made some big money when Elon Musk talked about it a few months ago. Is there a possibility one can make a meme coin and be able to stay anonymous?
In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.
Really depends but in my opinion if they are asking for money like creating ICO or any other crowdfunding method and decides to stay anonymous then that's a huge red flag for me, doesn't matter how good a project I won't invest to some projects that decide to hide their identity, it's like giving away money to stranger and hoping to get your money back with profits but that's just my preference to choose a project that has clear identity of who behind the project.
It is even probably worse than that, if you were to give money to a stranger at least you have decent chances of getting all your money back as they will either not accept it or not understand what it is happening and give you your money back, but in this case there is a very high chance that those that hide their identity are scammers and are not interested in developing any kind of project and it is all a front to steal your coins thinking people are going to ignore the fact they have decided to not reveal their identity. 
It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air.
That's very true, and until today people still tag it as a scam but as I said the most important difference here is Bitcoin never actually asked anyone to invest anything. You could buy it or sell it or even use it without funds (like to verify hashes and make random drawings or even sign authenticated messages).
Imagine you didn't need to BUY anything to use Bitcoin in the beginning.
As for me, it is not bad to make their identity publicly. If they arent go against any kind of bad intentions, revealing themselves and showing off to gain trust from investors will be good if ever.
There is nothing wrong being anonymous, its just that if they reveal themselves sincerely and making sure they are doing the project seriously, then much better for the devs, participants and investors.
There is nothing wrong being anonymous, its just that if they reveal themselves sincerely and making sure they are doing the project seriously, then much better for the devs, participants and investors.
btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air
Bitcoin could be on a different level compared with the new coins created by anonymous developers. I should remind you that dude so many altcoins were created by the anonymous developers are only forking the existing code and no more. Did you remember about BTG, BTCD and so many bitcoin fork coins that created by anon dev? these coins become scam coins right now.
The climate in crypto already changed and the anonymous team is a big red flag to call that a scam coin.
There are so many project as well who reveal their identity but eventually scamming their investor. Actually it depends on your trust or your persistence when you analyzed the project. I have a few times to invest in new project that they decided to hide their identity and greatfully the project is good and given me some profit.
Indeed, I agree with user who say that bitcoin creator is anynomous as well and until now he stay anynomous although its price is getting high time by time. So, this is pointed out that anynomous team is not guarantee the project will deceive a lot of people.
Indeed, I agree with user who say that bitcoin creator is anynomous as well and until now he stay anynomous although its price is getting high time by time. So, this is pointed out that anynomous team is not guarantee the project will deceive a lot of people.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
Not always the case but most likely with having anonymous developers do turn out to be a scam in the end of the line which i wont really be suggesting on touchingoff these kind of projects or do tend to make out some investment on them.Always go into those developers who do shows off their faces or does have crdibility
when it comes to their capacity and positions on a certain project.At least when they do turn out to be a scam then you can still have the able to trace them on
and possibly do really make some legal actions towards them on that case.
How is it possible for us to place complete confidence in a project that is being managed by anonymous developers, about whom we know nothing. For me personally, I can only trust them after two years or more, because with the passage of time I will know if the project is worthy of trust or not!!!
You must be wise before making any decision, try to move away, do not invest in projects like this, wait for the right time.
You must be wise before making any decision, try to move away, do not invest in projects like this, wait for the right time.
For sure.
For most altcoins, even though they are nominally decentralised, a part of the value that they pose comes from the development team that's backing the project.
By going anonymous the project is essentially forgoing that part of their value, and any investors who decide to take part would also be worse off as a result. This is not to mention the hundreds (if not thousands) of ICO scams in 2017-18 that involved fake/anonymous teams. Do not invest.
For most altcoins, even though they are nominally decentralised, a part of the value that they pose comes from the development team that's backing the project.
By going anonymous the project is essentially forgoing that part of their value, and any investors who decide to take part would also be worse off as a result. This is not to mention the hundreds (if not thousands) of ICO scams in 2017-18 that involved fake/anonymous teams. Do not invest.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
I mean for me yes for a newbie you could totally disregard projects that have an anonymous team because there was no actual reason to do think in a project. If they were really a legit project I can't see any reason why they need to do this aside from most of the top projects these days that don't really have anonymous developers or something or a CEO. For a newbie, there was no reason for you to take the risk especially if your planning to invest in that project or an ICO or something. There are tons of project that is way less risky that going for something like anonymous developers that could potentially or easily be a scam.
Taking the sentence from the image shown..
Well, this sentence alone is a very huge red flag especially if they are asking for investment such as getting funds from crowdfunding. It is not wise to deal with a project that would have a legal issue prior to the previous company of the said developer.
Quote
Two of the main devs are ex-developers from high tech companies working in the same industry and revealing our identity is currently risk, legally speaking
Well, this sentence alone is a very huge red flag especially if they are asking for investment such as getting funds from crowdfunding. It is not wise to deal with a project that would have a legal issue prior to the previous company of the said developer.
Anonymous team is definitely red flag for me, how can I entrust my money into the hands of some unknown people who might be scammers or not, but the chances of losing that money is very high compared to the chances of getting it back, I can't afford to take such risk to trust a stranger, what if they run away with the money? how I'm I going to be able to trace them and get back my money? In order to avoid such drama its better to stay away from projects with Anon team.
It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air.
Of course there are anonymous developers who may have legit intentions and good ideas that will result in success products, but it's still too risky for investors. Especially because we have many other options to invest with relatively less risk in this crypto universe.
In these times I think they should just show their selves to the public. It will increase the credibility of the project, that way also they trying to say that' hey we've shown our faces and we won't run away". That type of feeling the investors will feel they won't be left out. Many people are just afraid to invest in people they barely knew. Well it's still for those who manage to do it anonymously, I can't even think of one right now aside from bitcoin.
They already explain the reason why some of the team members decided to stay anonymous, if there will be a legal implication when their identity is revealed, it will of best interest they stay unknown, however, staying anonymous will not give the project the level of trust the project would have, many investors are not very comfortable investing on project without knowing anything about the team, i know i would be skeptical too, Project with team profile information still manage to rug pull and exit scam much less of those who are anonymous. It is up to investors to decide to take the risk or not.
Of course it is going to take a while before people realize that, and of course some people will keep scamming others hiding behind being anon, but that doesn't change the fact that you should not share who you are.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
As others in this thread already mentioned here it depends on the type of project in my opinion. If they are doing a new privacy coin or a project that protects your identity on the internet than it just makes sense that the team wants to stay anonymous.
Privacy coins are not allowed in certain countries as far as i know so it makes sense that the devs don't want to be known there. If they ask for a lot of money though and still don't want to reveal their identity than it's very questionable in my opinion and i personally would not invest in a project like that, because it just seems to unsafe and a rug pull is more likely this way.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
IMHO, I believe that if you are doing any fundraising campaign like ICO, IEO, IDO, etc. and you are hiding your identity for me that was a huge red flag because you are not sincere in what you are doing by not showing transparency to your possible investors. And a modus like this is very common during the 2017-2018 ICO crazed, resulting in massive losses of investors money due to exit scam projects. But if you are not doing any fundraising campaign by selling any coin/token to the investors maybe that was a slight consideration to stay anonymous.
It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
It depend of the project.
If a project like Bitcoin or Monero have totally anonymous people crating them like Satoshi or thankful_for_today, it is totally fine. They did not sold anything to anyone. They just had chance to mine coins and pay electricity just like anyone else.
If a project like Etehreum or other ICOs have anonymous people creating them and selling tokens to others, that is a scam and you should stay away.
It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!
In these times I think they should just show their selves to the public. It will increase the credibility of the project, that way also they trying to say that' hey we've shown our faces and we won't run away". That type of feeling the investors will feel they won't be left out. Many people are just afraid to invest in people they barely knew. Well it's still for those who manage to do it anonymously, I can't even think of one right now aside from bitcoin.
They already explain the reason why some of the team members decided to stay anonymous, if there will be a legal implication when their identity is revealed, it will of best interest they stay unknown, however, staying anonymous will not give the project the level of trust the project would have, many investors are not very comfortable investing on project without knowing anything about the team, i know i would be skeptical too,
Project with team profile information still manage to rug pull and exit scam much less of those who are anonymous. It is up to investors to decide to take the risk or not.
As an investor we are looking for a project that is being managed by the professionals, and if those guys are not that proud with the project they are doing, then I guess its not worth it to buy and that's a big red flag to me.
Maybe some are afraid to show their true identity because of being afraid to be blame if the project fails, but seriously knowing the team behind every project can actually boost our confidence as an investors. No matter what the result of the project is, as long as you didn't scam people, you are still good.
Maybe some are afraid to show their true identity because of being afraid to be blame if the project fails, but seriously knowing the team behind every project can actually boost our confidence as an investors. No matter what the result of the project is, as long as you didn't scam people, you are still good.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
In these times I think they should just show their selves to the public. It will increase the credibility of the project, that way also they trying to say that' hey we've shown our faces and we won't run away". That type of feeling the investors will feel they won't be left out. Many people are just afraid to invest in people they barely knew. Well it's still for those who manage to do it anonymously, I can't even think of one right now aside from bitcoin.
legendary
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I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
Yes, for me it's a major red flag if the project is not already listed and they are running an ICO or IEO, any form of funding raising campaign, I wouldn't advice to invest in such a project as the risk of it being a scam is too high, but if the project is already listed, and some how, they didnt run an ICO or IEO, then the risk is lower but you still have to invest with caution, personally, I hardly invest in ICO or IEOs with anonymous team, infact, I never cus the couple of times I've tried, I ended up loosing my money, so I stopped totally, but assuming the project is already listed and the team is anonymous, I will check how the project have been running, if the project have been running consistently for like 2 years, and they been able to accomplish significant parts of their road map in those years, I will look at what they plan to do in the future, if it catches my interest, then am likely going to buy but if not, it's still a no no for me. 
I would not dare try to buy anything from them if I am in your position.
That is, if they are selling anything. Being an investor you will try to avoid high risk project and this is one example.
If it's just an airdrop then nothing is to be worried about.
If the coins has no ownership/control then it would also be okay. But, you will need to prove that first.
Since you are in doubt, isn't that already a red flag? Maybe orange?
That is, if they are selling anything. Being an investor you will try to avoid high risk project and this is one example.
If it's just an airdrop then nothing is to be worried about.
If the coins has no ownership/control then it would also be okay. But, you will need to prove that first.
Since you are in doubt, isn't that already a red flag? Maybe orange?
Premined coins with anonymous project is quite suspicious because we cant compare these projects with bitcoin so just consider avoiding them unless the project idea is really good and having potential in the future crypto space.
Developers actually have the right to work anonymously if they don't feel safe/ok revealing their information
I think Anonymity would be problem if you don't have effective and morally/legally allowed means to easily trace the persons behind anonymous account if they go rogue(commit serious crime) or try to go rogue. Same as people using pseudonym, and even people using real names but can't be persecuted if they go rogue
I think Anonymity would be problem if you don't have effective and morally/legally allowed means to easily trace the persons behind anonymous account if they go rogue(commit serious crime) or try to go rogue. Same as people using pseudonym, and even people using real names but can't be persecuted if they go rogue
Anonymous is not red flag, also Satoshi was anonymous but you need to do DIOR. Many Defi projects were anonymous devs and it was a success.
More important factor is trust build by an anonymous dev.
More important factor is trust build by an anonymous dev.
They reason out that satoshi have done that but satoshi don't have the intention to scam people. Unlike them, look at the difference, they're putting it out on a crowd sale and they're wanting to remain anonymous. It's a red flag if ever you get into a project that's taking your attention, please don't do it or make your own research and be responsible about it because you're aware that projects and developers that have chosen to kept their identities off the public while making a huge project is suspicious.
Be careful with any project that developed by the anonymous developers. There are lots of cases the anonymous developers were running away with the money or rugpul its platform and take all of the money.
Anonymous developer = scam
There must be exception for some trusted project that already developed by the anon team but mostly scam projects were coming from the anon team. it's a red flag
Anonymous developer = scam
There must be exception for some trusted project that already developed by the anon team but mostly scam projects were coming from the anon team. it's a red flag
A recent trend among DeFi projects was that they would remain anonymous and launch a project using anon social media handles to keep in contact, telegram, twitter and so on.
I have encountered such projects and had openly asked the admins why they are remaining anonymous - their reply was that since the owner of bitcoin is anonymous they also wish to be anonymous. This is a serious red flag since like what @mu_enrico said, Satoshi never sold anyone a project's tokens. People bought bitcoin with their money which Satoshi did not have control over. The case is very different here.
Such projects have a very very small chance of being legit. Invest at your own risk. IMO, staying away from them is the best way to go.
I have encountered such projects and had openly asked the admins why they are remaining anonymous - their reply was that since the owner of bitcoin is anonymous they also wish to be anonymous. This is a serious red flag since like what @mu_enrico said, Satoshi never sold anyone a project's tokens. People bought bitcoin with their money which Satoshi did not have control over. The case is very different here.
Such projects have a very very small chance of being legit. Invest at your own risk. IMO, staying away from them is the best way to go.
Nowadays, anything new with anonymous team is always a red flag, especially when they are conducting ICO/IEO. The only think that makes anonymous team as a pass for me is when the project is self-funded and of course no huge premines. Anyway, even self-funded projects isn't 100% safe.
new project anonymously. to me, it is a warning to stay away from it.
indeed not all anonymous projects are scams. but you can analogize how a project without a team is clear that they can collaborate with other projects. or how they can manage their market well without you partnering with other projects or platforms.
building market confidence is very important.
but this case seems different from bitcoin. so don't confuse them.
indeed not all anonymous projects are scams. but you can analogize how a project without a team is clear that they can collaborate with other projects. or how they can manage their market well without you partnering with other projects or platforms.
building market confidence is very important.
but this case seems different from bitcoin. so don't confuse them.
Surely it is 
. an airdrop? we can tolerate since we won't get asked for money anyway but we should be aware of information stealing as well but other than that (more specifically if asking for support like in money) feels kinda ridiculous, they are asking a support from us (if they do) but decide to keep their identity secret just to save their ass, if thing goes south. even worst if they also ask for KYC (i've found this kind of ICO in the past that prefer to stay anonymous but asks KYC).
The crypto space isn't lacking new projects anyway, better stay away that's my advice.
. an airdrop? we can tolerate since we won't get asked for money anyway but we should be aware of information stealing as well but other than that (more specifically if asking for support like in money) feels kinda ridiculous, they are asking a support from us (if they do) but decide to keep their identity secret just to save their ass, if thing goes south. even worst if they also ask for KYC (i've found this kind of ICO in the past that prefer to stay anonymous but asks KYC).The crypto space isn't lacking new projects anyway, better stay away that's my advice.
legendary
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Really depends but in my opinion if they are asking for money like creating ICO or any other crowdfunding method and decides to stay anonymous then that's a huge red flag for me, doesn't matter how good a project I won't invest to some projects that decide to hide their identity, it's like giving away money to stranger and hoping to get your money back with profits but that's just my preference to choose a project that has clear identity of who behind the project.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
In the vast majority of the cases the answer is yes, this is a massive red flag that should not be ignored and you should not invest in any project unless they have a solid reason to justify their anonymity, are the developers creating a coin that has strong anonymity features like monero? If that is the case then some justification could be made for their behaviour but other than that it is inexcusable and you should stop even looking at the project and look for another one, after all it is not as if we have a shortage of new coins. 
This question has been asked multiple times:
https://bitcointalksearch.org/topic/anonymous-teams-5285642
https://bitcointalksearch.org/topic/--5276555
https://bitcointalksearch.org/topic/if-an-ico-team-is-anonymous-is-it-a-scam-5069219
It depends on the project. If it requires you to "invest" money, then it's a major red flag. BTC founder is anonymous (pseudonymous, to be precise), but he didn't sell anything, not ICO/IEO or any of that stuff.
https://bitcointalksearch.org/topic/anonymous-teams-5285642
https://bitcointalksearch.org/topic/--5276555
https://bitcointalksearch.org/topic/if-an-ico-team-is-anonymous-is-it-a-scam-5069219
It depends on the project. If it requires you to "invest" money, then it's a major red flag. BTC founder is anonymous (pseudonymous, to be precise), but he didn't sell anything, not ICO/IEO or any of that stuff.
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?
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