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Topic: Beware of lying project team - page 4. (Read 945 times)

member
Activity: 645
Merit: 10
May 14, 2020, 06:55:48 PM
You're right. Now in no case can you believe the words. Especially when your profit depends on it. Be vigilant and always check any information.
full member
Activity: 474
Merit: 111
May 14, 2020, 06:07:55 PM
I totally agree with your comments. In this cryptocurrency market, there are too many scam projects. You must be well-equipped with knowledge and experience to avoid investing in fraudulent projects. If you have doubts about the ability to list on major exchanges like Binance or Houbi, you can go to those Telegram groups to ask the Telegram admin whether those projects will actually be listed on the Binance exchange or not.
full member
Activity: 896
Merit: 108
May 14, 2020, 05:42:42 PM
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Yes mate your observation is correct, back then many ICO's are using those lines "Soon to be listed ****" that was misleading. Because most of the popular cryptocurrency exchange has required the *NDA protocol or (Non-disclosure Agreement) meaning if that project is not yet confirmed to list on that exchange. Then they are not authorized to share any of such information. Because they are prohibited to disclose any information without any finality of everything.
This is very important information. So we should not be easily fooled by certain listing and collaboration plans with exchange top until there is an official announcement from the exchange. The rise of this type of fraud makes top exchanges like Binance always give a warning that do not trust anything related to cooperation until there is an official announcement from Binance.

I do not believe an ICO that promising to list in top exchanges smell scam to me. That's their tactic to gather investors so stay away if you are ICO investor and always research the project before you put the money on them.
Yes, and now investors trust IEO, which guarantees that it is actually registered. The ICO era has ended, there is too much manipulation and it is very difficult to gain investor confidence because it is vulnerable to fraud.
jr. member
Activity: 344
Merit: 1
May 14, 2020, 05:09:18 PM
I do not believe an ICO that promising to list in top exchanges smell scam to me. That's their tactic to gather investors so stay away if you are ICO investor and always research the project before you put the money on them.

I still like the projects team who make their listing to be a surprise to their community. I could remember when Cartesi team were still t the developmental stage of their project, they never disclosed that they're going to list on Binance until it was time to do that. That is a great move and that is what other projects should imbibe.
So, saying the name of exchange when there are still many days, weeks or months before the listing is of no use. Some promised and never fulfilled them.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
May 14, 2020, 03:47:49 PM
Any projects saying they are going to be listed on Binance in particular or listed Binance on their website as a future exchange to list on is just looking to scam you or rob you of your money. Binance will never allow any team say they are getting listed on their platform, Binance is the one that use to break the news.
sr. member
Activity: 616
Merit: 250
May 14, 2020, 02:56:01 PM
It was back then I us d to believe projects when they make announcements regarding their listing but after binace notified everyone that they do not support listing announcement from projects without them doing it first I had toake a U-turn. Top exchanges makes announcement of their listing first so any projects that announces that first is probably looking for how to get in investors to definitely scam them or get their attention. Please let's be more careful.
member
Activity: 1274
Merit: 14
May 14, 2020, 01:30:09 PM
When the exchange itself announces the listing of the coin, then it can be said that the project that represents this coin may be worth something at least in the future.
sr. member
Activity: 1554
Merit: 250
Making Smart Money Work
May 14, 2020, 12:51:30 PM
I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

The marketing strategy by lying actually shows that the project is not good. They should not promise to list on reputable exchanges, they only need to tell the truth and work hard, Binance will come by itself.
full member
Activity: 854
Merit: 101
Polkadog - Multi-Chain Defi Meme
May 14, 2020, 08:53:41 AM
I do not believe an ICO that promising to list in top exchanges smell scam to me. That's their tactic to gather investors so stay away if you are ICO investor and always research the project before you put the money on them.
ICO projects getting enlisted in top exchanges are really too good to be true, and that makes it very suspicious for investors to participate in those projects that are making false promises. That is why for us to get away in scam projects we really need to make a deep research about the projects for us not to get scammed.
when all is just a plan and there is no official statement of cooperation then it will not give any certainty to investors. even for IEO also does not provide the certainty they will be listed on the same exchange. It all depends on how the agreement is made.
sr. member
Activity: 882
Merit: 253
May 14, 2020, 08:39:25 AM
In that case, they should provide proofs that they're gonna be listing in the top exchange sites. It probably good to hear to the investors that its a great move for the project. We're always telling to the newbies that they should research from their own and gathered some real proof that its true. Its only few project that are continue releasing their project and few from them are not listed in the top exchange sites but make some really good move in marketing. They still become successful and avoid another failed campaign.
member
Activity: 1120
Merit: 68
May 14, 2020, 08:23:05 AM
I do not believe an ICO that promising to list in top exchanges smell scam to me. That's their tactic to gather investors so stay away if you are ICO investor and always research the project before you put the money on them.
ICO projects getting enlisted in top exchanges are really too good to be true, and that makes it very suspicious for investors to participate in those projects that are making false promises. That is why for us to get away in scam projects we really need to make a deep research about the projects for us not to get scammed.
full member
Activity: 1358
Merit: 100
May 14, 2020, 04:16:04 AM
I do not believe an ICO that promising to list in top exchanges smell scam to me. That's their tactic to gather investors so stay away if you are ICO investor and always research the project before you put the money on them.
sr. member
Activity: 994
Merit: 260
May 14, 2020, 02:55:06 AM
I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up
I don't understand people who buy coins on an ICO when there has been an IEO for a long time. This method almost guarantees that the project's coins will be tradable on the exchange. After so many scams related to ICO, it is foolish to hope that the situation will change.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
May 14, 2020, 02:46:38 AM
I've seen few projects that decieved investors
Welcome to the ICO/IEO world in crypto community Mate,lucky for youa t least you have learned this earlier before you become one of the victim.
into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation
Promising to be listed in these Biggest exchange in crypto is a proof that this shits are scammers mate because at least they will choose one of the list and add other newbie exchange but having the 3 biggest is a promises to be broken.
Quote
, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up
Good advice then,But sometimes scammers are being deceiving and had some coordination from inside exchange to be listed but dumped after a while.
hero member
Activity: 1442
Merit: 510
May 14, 2020, 02:04:14 AM

The problem is there was a lot of new projects have stated like they will be listed on the major exchange site while the investors know if they were lying after the ico and usually the hunters have also become the victim by this scam project too. We need to avoid anything that is not yet confirmed.
Before you join their ICO, you better ask them first if their tokens will be listed on a large Exchange or not. If they are not sure about giving an answer, leave it. But if they believe that their token will be listed on a large Exchange, then check the Exchange's official notification.
full member
Activity: 1750
Merit: 118
May 14, 2020, 01:47:07 AM
 yeah op .  i remember now that exchanges also have thier social media accounts and they post updates about thier listing but i think these updates were delayed   . the best way to get a fast info is to follow the project that we are working onto or investing onto     . also not all exchanges are posting updates but other exchanges are silent about this info  or dont have a social media account at all    . still we must beware of lying projects . lying the one that lies and not lay ( just a correction  )
newbie
Activity: 28
Merit: 0
May 14, 2020, 01:35:55 AM
I often see a situation where the team announces on the forum that this coin is already traded on the exchange. But when I go to an unknown cryptocurrency exchange, I see that the coin is really traded, but its average daily turnover is only 10 dollars. Therefore, you need to check all the statements of the project team.
crypto market is too young to believe in words of X company/coin/token dev team or whoever speaks for them.
you can invest in stocks and you can partially believe that the company won't face bankruptcy anytime soon
same can't be applied to crypto
hero member
Activity: 2268
Merit: 507
May 14, 2020, 01:30:05 AM
The best advice I can pass on is never invest in any project because they said they will list on big exchange next, if you think the project team aren't bluffing then find answers from binance social media pages, if there is no news about this it's all lies
The problem is there was a lot of new projects have stated like they will be listed on the major exchange site while the investors know if they were lying after the ico and usually the hunters have also become the victim by this scam project too. We need to avoid anything that is not yet confirmed.
jr. member
Activity: 980
Merit: 1
May 14, 2020, 01:13:27 AM
This is good advice. But there is another. Recently considered a project. Which claimed there would be a listing on Kucoin. Kucoin supported the first week. And then canceled the listing, without explanation. So now you need to study the project very well.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
May 14, 2020, 12:54:32 AM
I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up
currently, various methods are used by scammers to attract investors, even in such devious ways. some projects are even willing to pay an exchange to make a sale, and then they leave the project.
before supporting a project like this, make sure that they will really start selling in the mentioned market. there are so many ways to know that. some projects also target large markets, but in the end, they only list to unexpected markets. Be careful
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