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Topic: Beware of lying project team - page 5. (Read 928 times)

member
Activity: 1540
Merit: 22
May 14, 2020, 01:38:42 AM
The discourse is up to the architect, to a large or small market that is important they will always write it based on preliminary planning when they provide an overview along with their road map to attract the investor's interest, this is ambition and goal to reach the target. on the way sometimes stuck and failed.
full member
Activity: 574
Merit: 101
May 13, 2020, 10:56:54 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
Yes I think that we should be wary with the different projects that we are encountering here in cryptocurrencies because I think that there is a large percent of chance that it might be fake and it come from scammers and I think that we should really learn on how to find them out because our safety and money is in stake with the facme project scams. I think that we should know what to do incase we are encountering a similar problem to this because I think that it will be great if we can have cryptocurrencies that's is safe and from reliable sources in cryptocurrencies.
hero member
Activity: 2814
Merit: 576
May 13, 2020, 10:54:54 AM
Nice advice but these are like the obvious lies, if a project or team is fake they will be selling dozens of lies which are usually not easy to verify because of the nature of these projects, sometimes even hundred percent due diligence on our end leads to losses so yes investing in projects is very risky business it is not easy as it appears.
Scammed projects nowadays are very rampant and using those names of reputable exchanges is the most common strategy that they are using to continue luring those investors particularly those beginners. Although investing in projects today is very risky, but if we start making a good research about the team and the developer of the project, we can still make find ways to avoid those scammed projects.
member
Activity: 532
Merit: 41
May 13, 2020, 09:43:36 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
member
Activity: 532
Merit: 41
May 13, 2020, 09:42:14 AM
The most popular lies from new project teams are exchanges, many bad projects use exchanges names to create fake hype around crypto space to lure investors, saying they are going binance or okex soon but after several months you will later find out it's been a lie all along
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
May 13, 2020, 09:39:59 AM
the team of any project can manipulate information and conditions to deceive the participants.  this can happen at different stages of the project’s development, including at the end of the Bounty campaign, during distribution of remuneration or after listing.  Today, many members of the BlockBurn Bounty are very unhappy that there is no connection with the team, since no one answers questions about remuneration, and they block for specific questions in the official telegram chat, without further possibility of visiting these chats.  how to influence these projects and the team, no one can say this.
The problem with such kind of a team, you can't voice out your concern or no one will answer you once you start asking for this information.
Project like this is very active around so better to keep doing your research before supporting the team, research and do deeper analysis in
regards to the team behind to avoid mistakes of wasting your time.
member
Activity: 812
Merit: 10
BountyMarketCap
May 13, 2020, 09:38:03 AM
Nice advice but these are like the obvious lies, if a project or team is fake they will be selling dozens of lies which are usually not easy to verify because of the nature of these projects, sometimes even hundred percent due diligence on our end leads to losses so yes investing in projects is very risky business it is not easy as it appears.
full member
Activity: 1337
Merit: 154
May 13, 2020, 09:34:58 AM
It seems that we should be careful of what we expected to do with the project team unless they already under their agreement in both parties. Some fake news are being produce through social media even the project team didn't annouce it. We should expect with proof always and not with just tell by the people around the crypto world. Joining official telegram groups will help you to identify what are the current movement and plans of the project. You can also talk to their admins and ask some questions. Sometimes their devs itself answer your questions which we can identify also if they're real or not.
full member
Activity: 1093
Merit: 103
May 13, 2020, 09:05:37 AM
the team of any project can manipulate information and conditions to deceive the participants.  this can happen at different stages of the project’s development, including at the end of the Bounty campaign, during distribution of remuneration or after listing.  Today, many members of the BlockBurn Bounty are very unhappy that there is no connection with the team, since no one answers questions about remuneration, and they block for specific questions in the official telegram chat, without further possibility of visiting these chats.  how to influence these projects and the team, no one can say this.
sr. member
Activity: 518
Merit: 256
Living the truth....
May 13, 2020, 09:02:35 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.
They can easily be listed at shit exchanges without any listing fees. So we need to carefully check all the projects listed at the exchange, if they are not listed at the big exchange then we should ignore them.
full member
Activity: 868
Merit: 185
Roobet supporter and player!
May 13, 2020, 08:57:22 AM
Listing on bigger platforms most often lure people into investing in such projects but at the long run they run away with investors monies since they might not be willing to pay such huge amounts to get listed on such exchanges. Therefore we should be very careful with  projects that make such promises since it is easier said than done.
In cryptocurrency, all of promises remain promises. We should not easily conveyed by the words we are seeing in their thread. Because everyone can say that we will be listed in Binance, kucoin or okex soon. But only few are really serious in listing their projects. I never easily attracted by the listing, I am always seeing that as promise to be broken.
If there are big platforms and they are not officially announced. Be vigilant, the news came from them might be fake.
legendary
Activity: 2268
Merit: 1655
To the Moon
May 13, 2020, 08:52:24 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.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
May 13, 2020, 08:27:41 AM
#99
Their purpose in doing so was only to attract investors to join their project. On the other hand we have to be more thorough and look for information about the projects that are currently running, so as not to get caught in the trap they are making. Before they make an official announcement and get confirmation from the exchange, We must not immediately believe the claims they make.
member
Activity: 462
Merit: 13
May 13, 2020, 07:43:17 AM
#98
Listing on bigger platforms most often lure people into investing in such projects but at the long run they run away with investors monies since they might not be willing to pay such huge amounts to get listed on such exchanges. Therefore we should be very careful with  projects that make such promises since it is easier said than done.
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
May 13, 2020, 07:29:18 AM
#97
I don't believe in statements from projects, I only trust exchanges. When they announce the listing, it is certain that the project will be listed at their exchange. Projects need to be kept confidential until the last minute and don't give notice of listing too early
member
Activity: 550
Merit: 10
May 13, 2020, 06:07:36 AM
#96
I've seen a project that claimed they are going binance in 2019, I can't recollect the name again, one of the project team member works for binance and that makes people believe the token is going binance but later on its all fake, binance never said anything about the project on their Twitter
i've seen like that before they dont work about the exchange they just work about their lies.
sr. member
Activity: 868
Merit: 333
May 13, 2020, 06:07:01 AM
#95
Most investors base the project's legitimacy depending on where it is listed. One of the reasons why a lot of investors are getting scammed. Getting listed on top exchange doesn't mean that a project is safe.

If a team cannot even do what they have promised to their community or keeps on making excuses this is already a flag that you should not yrust such team who lacks professionalism or dedication to the project.
There is a reason why other investors depends on where it is listed, we all know that the fee for listing is different depends on the exchange, the bigger the exchange, the higher the fee.
They maybe think that if the project is capable to spend a huge amount then maybe the project is really pursuing their plans. But yes, this is one of the reason why they are becoming the victim of scam, they only look on this side where can easily be fake.
hero member
Activity: 2940
Merit: 593
Leading Crypto Sports Betting & Casino Platform
May 13, 2020, 05:30:03 AM
#94
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 have seen some project announces their partnership that turns out to be true, and some projects that just use the exchange to get the attention of the investors, either way, investors and bounty hunters should investigate if there is truth to what they are promoting, but yes you are right sometimes exchanges also announce it, to help the project take off in their crowdfunding campaign.
 
member
Activity: 92
Merit: 10
May 13, 2020, 04:51:09 AM
#93
In my experience, the notification of a coin is listed, the exchange is where the right to make the notice first. Projects can be listed on major exchanges like Binance, OKEx ... etc. They never claim that they have been listed before the exchange gives notice. If you see a project they say they will definitely be listed on major exchanges, stay away from them.
full member
Activity: 560
Merit: 104
terra-credit.com
May 13, 2020, 04:02:46 AM
#92
Most investors base the project's legitimacy depending on where it is listed. One of the reasons why a lot of investors are getting scammed. Getting listed on top exchange doesn't mean that a project is safe.
Indeed there is no guarantee to always profit when listed on the top exchange. But at least when investors are able to determine the right timing, they can definitely make profit. Moreover, the top exchange has a strong community with good market interest.

Back to the topic of OP. Make sure we check the truth related to the cooperation or listing plan on the relevant top exchange. Usually, the top exchange will provide announcement regarding new listings, IEO agenda, etc. So don't be easily provoked by the lure of scammers who give false hopes and false promises.
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