Topic: Being aware of SCAMS - page 6. (Read 1578 times)
By to publications in social networks it is difficult to understand whether it is a scam or not. The sign of fraud in the thread on the BTT, except for self-moderation, there can be a lot of enthusiastic reviews about the project.
If there is a SCAM project, what contents do you expect from its social media accounts and bitcointalk thread?
The main thing to do first is a google reverse image search on it's team members, and also run a whois.com report on the domain. I did this for Upfinex and discovered that the domain was registered by the same person (or fake identity) who started BeonBox, which I confirmed as a scam. They were very careful but I was able to find one team member on google reverse image search who was actually some Russian guy completely unrelated to the project. But some red flags to look for: promises of specific exchange listings in the future right there on the website, project described in broad terms that seem very familiar (copying the idea of another project), team members with no linkedin pages and supposed advisors who don't even mention the project on their linkedin page, github repository that really just contains updates to the website and only has one contributor, white paper with excerpts that are plagiarized from other projects, reddit posts where there are always 10-15 responses worded in the same way, etc.
May be seen from his team. Must have a good Advisor.
we can see the Advisor on the Icobench rating website, I usually choose ico with advisor who has been successful with some ICO. although that can not be a benchmark, stay cautious.
Most of the scam projects are define by developing team and road map because if you looking to good projects only so some worst projects are not succeed in the market. These are all automatically failed in the future they called scam projects so peoples are only invested in reputed project but beginners are wrongly choose the useless project it is the exact scenario of Scam. I think current generation everyone is aware in the Crypto investment.
If there is a SCAM project, what contents do you expect from its social media accounts and bitcointalk thread?
what contents do you expect from its social media accounts and bitcointalk thread? Anonymous developer, the developer doesn't have a lot of track or at least linkedin account to prove of he is a real human. The bitcoin talk thread was using self-moderated
I just suggest you to ask people who knows more how to identify a scam or not and learn how to identify them.
If there is a SCAM project, what contents do you expect from its social media accounts and bitcointalk thread?
I think to avoid scam ICO projects you have to do a due diligent search about the project to ascertain the authenticity of the project concept. Make sure you know the project team you are dealing with. They are real people or fake people? Check them using social media accounts to know their past experience. Can they deliver?
Do as many more research work as possible through the project whitepaper. Thanks
If there is a SCAM project, what contents do you expect from its social media accounts and bitcointalk thread?
Anonymous developer, the developer doesn't have a lot of track or at least linkedin account to prove of he is a real human. The bitcoin talk thread was using self-moderated to prevent someone that will be posted the truth about that scam project to be deleted by the scammer that created the thread.
It's getting harder and harder to spot a scam. The best way to be secure is invest in only those ICO which your are in full confident of.
Though less worked scam can easily spotted verifying their team member, affiliation, location and work. But high profile scammer can reach anywhere and will convince even the president to talk for them.
Though less worked scam can easily spotted verifying their team member, affiliation, location and work. But high profile scammer can reach anywhere and will convince even the president to talk for them.
If there is a SCAM project, what contents do you expect from its social media accounts and bitcointalk thread?
if there is a scam project, I will tell everyone, so do not be fooled, because project scam is very dangerous and harm everyone, we must dare to prevent fraud
The scams projects are hard to understand. There has been an application software which has invented to detect scams. You can search it on google to get more informations. I hope it would be able to meet up our expectations.
If there is a SCAM project, what contents do you expect from its social media accounts and bitcointalk thread?
Jump to: