Are Ads on Coinmarketcap Legitimate?

bitgoldpanther1978

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Quote from: harapan on July 14, 2020, 03:02:07 AM

We often see coinmarketcap has lots of ads like advertisements that say give ETH bonuses and so on. Because now Coinmarketcap is owned by CZ, do they research that project or only accept money without doing research?

About that case, I had no idea. Perhaps better do some research regarding about that matter anyway.
And even there is a bonuses of ETH I think it will be unavoidable to have a doubt about it for the individuals, isn't it right?
But I will try to check them out.

Denreal

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Quote from: 10BTCaDay on July 14, 2020, 03:04:53 PM

we will never know if they are really doing any research before advertising. we will understand this when one of the projects that they advertise turns out to be a scam

That is just it. No one can tell and CZ will not disclose if they do research or not. Even if he does that, that should not stop us from doing our own research too. Just like you should not just buy from a project because it is listed on Biannace launchpad, so also should you not just accept any ad hook line and sinker, just because CZ and his team now control coinmarketcap.

yhiaali3

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These ads are what makes CoinMarketCap profitable and this is what made Binance buy the site. The ads were there before that Binance bought it and I think they do not doing any research before accepting the ads.
There have been a lot of advertisements for new coins projects and later turned out to be a scam, the biggest example of which is BitConnect coin that made big publicity in CoinMarket and then turned out to be a scam project.

10BTCaDay

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we will never know if they are really doing any research before advertising. we will understand this when one of the projects that they advertise turns out to be a scam

AhmadM

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Quote from: arufox on July 14, 2020, 08:58:13 AM

Im also seen ads on coinmarketcap, sometime about good project, also sometimes about ponzi, and i think that's not from them. Even if the ads from them, before doing some investment we should research first, right?? So i think even from legitimate website, we can't just believe that

Probably if you see ads of ponzi/HYIP project it was coming from Google AdSense, since many this kind of ads shown lately on AdSense.
And coinmarketcap can't control what's the kind of ads showing by Adsense,

Yeah, that's right. No matters the ads come from we should do our own research first before doing investment or use third-parties services to minimize the risk.

Wysi

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Those ads listed over there might be take you to various sources like a gambling site, ponzi scheme, genuine earning potential or a possible scam as coinmarketcap don't have to possibly do any research or checks as thy get paid for listing adverts and it's our responsibility to investigate before getting into it and after all ad space is a source of earning for the site.

Inkdull

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Quote from: harapan on July 14, 2020, 03:02:07 AM

We often see coinmarketcap has lots of ads like advertisements that say give ETH bonuses and so on. Because now Coinmarketcap is owned by CZ, do they research that project or only accept money without doing research?

They should be because binance team are in charge of coinmarketcap right now, I'm sure they won't want to put up a fake project banner when they know that it can help attract investors to the project but I'm certain they arent doing it for free

josgandosbro

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Quote from: robelneo on July 14, 2020, 05:42:17 AM

They can impose their policies because majority already knows that Binance is the owner of Coinmarketcap now if coinmarketcap losses it's reputation, it will have an impact also on Binance, they should do screening on this or they should have a disclaimer and people should see that disclaimer prominently on the Coinmarketcap page.

I agree with you, coinmarketcap should do the appropriate ad filtering there because if you do that the reputation of coinmarketcap will be better and could have an impact on binance

anu1908

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most gambling site have that double/extra deposit bonus, so i'd say it's probably real with some strict requirements most of the time. that being said, most promo are like that. the ads won't tell you the whole picture and just told you the best one.

treat all ads as scam, when you see something interesting, do more dd and don't trust anyone. including cz or binance or whoever it is.

sheenshane

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Legitimate? Probably project that under on ICO stage we cant call any legitimacy because there will be the time that they will change and turn to scam. There's nothing wrong with CMC that accepts ads paid because that is a business, that's why they'd bought that site because it's shown the good result of traffic.

As long as they don't accept any businesses that have a potential feature of HYIP projects and they were fine. In the end, we users should manage our risk.

thesmallgod

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Quote from: LbtalkL on July 14, 2020, 03:20:21 AM

I don't know if coinmarketcap has adsense, let's say they have, the ads that pop up are not controlled by them. Recently, I am seeing CZ tweeted about fake ads about binance displayed on youtube which is alarming, someone could be fool by that, So basically any ads now are not trusted even google, youtube has fake ads, I guess google only care for the money they don't verify first they are waiting for reports.

They run both AdSense and makes their own Ads as well. This is part of where the money for running the platform comes from. Aside the ads that comes from the AdSense, some other ads are from businesses such as gambling and so on. I don't think the newly acquired cmc will not research a project before advertising for them on the platform. If you check regularly you will see they have also stops some ads when it was acquired

Fundamentals Of

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Even before coinmarketcap changed hands their ads are not legitimate, or at least the majority of them. I don't think they are putting up a project or ICO only after a sort of a quality check or a screening process is done.

Now that it is owned by CZ, don't expect much change as far as ads are concerned. For as long as the ads are paying the right price they will definitely get juicy ads spots on that site.

wywoc

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Quote from: harapan on July 14, 2020, 03:02:07 AM

We often see coinmarketcap has lots of ads like advertisements that say give ETH bonuses and so on. Because now Coinmarketcap is owned by CZ, do they research that project or only accept money without doing research?

My answers is no, the ads on Coinmarketcap are all paid ads, and as far as I know they have advertised for many scam projects. It seems that even though they are a reputable crypto site, they don't research much about that projects.

Synerggy

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I noticed that some ads used to display on coinmarketcap and most times they are projects that are promising, sometimes I was forced to check the projects out since it's coinmarketcap we are talking about, I think the team will never advertise any bad projects on their platform and also it's same team from binance

bigcash2011

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Quote from: harapan on July 14, 2020, 03:02:07 AM

We often see coinmarketcap has lots of ads like advertisements that say give ETH bonuses and so on. Because now Coinmarketcap is owned by CZ, do they research that project or only accept money without doing research?

Those ads are mostly displayed by third party ad agencies like adsense etc so coinmarketcap does not have any authority over that directly and to be honest i have seen ponzis and fake mining programs being promoted there and i agree that cmc should remove those ads as they are making people fall for these scams because people think it is on cmc so it would be legit.
Cmc should come up and only place filtered ads and place direct ads rather using third party services.

Zotak337

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Coinmarketcap get paid for displaying ads on their platform, I hope you understand that money is very important in this space so it means that even coinmarketcap can still advertise bad projects, you are on your own brother, do the homework yourself

Skinny48

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Quote from: harapan on July 14, 2020, 03:02:07 AM

We often see coinmarketcap has lots of ads like advertisements that say give ETH bonuses and so on. Because now Coinmarketcap is owned by CZ, do they research that project or only accept money without doing research?

The answer is unknown, to find answer you can join coinmarketcap team for answer through their customers service center or other social media links, still I'd say it's better to do research on your own

arufox

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Ads like this

Im also seen ads on coinmarketcap, sometime about good project, also sometimes about ponzi, and i think that's not from them. Even if the ads from them, before doing some investment we should research first, right?? So i think even from legitimate website, we can't just believe that

Wingsbtc

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It's always about the money but I believe binance won't want to display a fake projects banner, if anything happens it will affect not only coinmarketcap itself since binance team is now in charge

BitTraderCute

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Quote from: Sanitough on July 14, 2020, 07:45:11 AM

I think as long as it's not illegal, they are allowed to advertise in CMC as long as they pay.

Just like in the forum, though some businesses has a bad reputation but they are still allowed to be advertise in the forum.

We are still the one who will decide for that, with proper research we will know the project, and not all project that are legit won't scam us, let's put that in our mind so we will know the risk.

yes it is not illegal , and coinmarketcap will display their ads in banner as long as pay ads fee to them. cmc team will never check is it fake project or legit project for cryptocurrency investors. our own decision will be make us trapped in fake project or not, today we could not make sure if projects courage to set ads in cmc were bonafide or qualified projects.

Topic: Are Ads on Coinmarketcap Legitimate? (Read 378 times)