Topic: How can we avoid scams in blockchain? - page 3. (Read 510 times)
Not seeing this mentioned too much or at all but, the team really makes the difference. For one, you should know if they are going to scam/rug you. Secondly, if they are a reliable team they likely will do well. That was one of my first big errors in investing. Heck, if all you knew was Sam Fried coming into this bull run, well thats all you needed. Teams are a big deal.
Yes, it is the obligation of investors to investigate before they get involved and must be smarter in assessing the projects to be followed, try to read everything carefully and thoroughly and also do analysis.
and apart from investigating What/who the source is and everything you can google, and whether they are well-known in the crypto community and have a good or bad reputation and so on, do a detailed investigation until the project is really trustworthy, see the whitepaper and ask lots of questions to developer regarding the Project being carried out and value the answered answers for consideration.
and apart from investigating What/who the source is and everything you can google, and whether they are well-known in the crypto community and have a good or bad reputation and so on, do a detailed investigation until the project is really trustworthy, see the whitepaper and ask lots of questions to developer regarding the Project being carried out and value the answered answers for consideration.
Actually, most people who fall victim to scams are people who don't check the projects they follow carefully. If we investigate all the projects that
we will participate in, we should be able to avoid choosing project scams. But the problem is that many people are lazy to do an investigation
by checking the development team, making sure the whitepaper used is original, the social media activities of the projects, and the crypto
community's response to the projects. In the end many people only choose projects based on the opinions of others, especially people who have
a lot of followers on social media become a reference for many people to choose projects. That's all that often happens, so many investors end up
buying project scams, especially for newbies who are victims of scammers, then blame that the cryptocurrency world is a scam. Even though it's their
own fault investing in projects they don't know, and they do not do research and analysis of the projects they will participate in.
It is not difficult for us to avoid scams in blockchain if we have good experience and extensive research on the project we want to invest in. We can easily identify the honest project from the scam project, but we need some time to review the project in all its aspects, and in my opinion, we don't need to rely On a project that checks projects, it is okay to use it and use sites that display project rating and information about it, but the biggest task lies in relying on ourselves to read the project whitepaper and verify its future goals in the roadmap and verify the expertise of the project team in the success of such projects.
It is easy to do so when you are a veteran (and sometimes we jump into things knowing they are scam just to test if we could profit and get out before it comes out as scam), but newbies must be having one tough situation in their hands to be honest.I mean it is not simple to just work on "avoiding scam", it is not something that I would advice working on since it is not something you can study, you just see scams and hope that you avoid them at first, read about them, learn how they are done, talk with the ones who got scammed, and try to even "participate" like you are getting scammed by someone and learn how he is trying to scam you and then block them. That is the most perfect method, they try to scam you, you look gullible enough to be convinced and learn their ways and then report them and block them. This is the way everyone becomes better because we keep getting contacted by scammers.
Yes, it is the obligation of investors to investigate before they get involved and must be smarter in assessing the projects to be followed, try to read everything carefully and thoroughly and also do analysis.
and apart from investigating What/who the source is and everything you can google, and whether they are well-known in the crypto community and have a good or bad reputation and so on, do a detailed investigation until the project is really trustworthy, see the whitepaper and ask lots of questions to developer regarding the Project being carried out and value the answered answers for consideration.
and apart from investigating What/who the source is and everything you can google, and whether they are well-known in the crypto community and have a good or bad reputation and so on, do a detailed investigation until the project is really trustworthy, see the whitepaper and ask lots of questions to developer regarding the Project being carried out and value the answered answers for consideration.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
I need to confess here that due to my incapability to find out what are the legit projects and what are the potential scam projects, I started to stay away from altcoin investment and this industry. Because, this is the only way I believed that I could avoid scams in this altcoin investment opportunities. Honestly these days scammers too smart and intelligent hence you cannot easily spot out any potential scam.Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
To find out one good and real investment opportunity in altcoin investments, you must need to to diversify your investments into more than 10 different projects so that you might get at least one good opportunity. This way there will be no guarantee that you will get back 2x or more. So, I decided to stay within only bitcoin investments.
Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
Maybe I'm one of those who thinks that this project will not be successful?
How can you check the veracity and verify the project in the first place? It will be like DYOR in my opinion.
And if what if they found some anomaly? Will they raise a red flag? and what if the project they've flagged doesn't agree with them? If will be a back and forth war between the two project. I guess still boils down to us investors to really check everything ourselves before pouring our hard earn money on any projects.
You are giving your point and there's a good weight with your statements.
The developers will try to counter the accusations that being put on their projects,
sets of evidence are also questions, but in good faith, if the team is really after only
for scamming the truth behind will be exposed.
We can't conclude that each report will be successful and how things will affect the investors.
End point, investors need to continue doing their DYOR to avoid scam.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
I need to confess here that due to my incapability to find out what are the legit projects and what are the potential scam projects, I started to stay away from altcoin investment and this industry. Because, this is the only way I believed that I could avoid scams in this altcoin investment opportunities. Honestly these days scammers too smart and intelligent hence you cannot easily spot out any potential scam.Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
To find out one good and real investment opportunity in altcoin investments, you must need to to diversify your investments into more than 10 different projects so that you might get at least one good opportunity. This way there will be no guarantee that you will get back 2x or more. So, I decided to stay within only bitcoin investments.
Check everything about the project including their contract address as well as the team and developers behind it. Nowadays, reviews and red flag warnings about different projects could be easily found on the internet. That's why we're advised to be skeptical in picking a good coin because scam projects are everywhere.
Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
It is not difficult for us to avoid scams in blockchain if we have good experience and extensive research on the project we want to invest in. We can easily identify the honest project from the scam project, but we need some time to review the project in all its aspects, and in my opinion, we don't need to rely On a project that checks projects, it is okay to use it and use sites that display project rating and information about it, but the biggest task lies in relying on ourselves to read the project whitepaper and verify its future goals in the roadmap and verify the expertise of the project team in the success of such projects. There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
The best way to avoid scams on Ethereum and other compatible chains like Polygon and BSC are to invest in mineable tokens with no premine, ICO/IDO, or dev wallet, like 0xMonero. Unlike 99% of other projects, there is no way for the team to dump on you or exit scam because they do not control the supply, miners do. There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
It is really difficult to judge today if is a worthy coin or just a scam. So you shouldn't risk big money. Personally I investigate the idea and docs, then I overview the team members and partnerships. One more important thing is a marketing campaign and social media. You had better find out if there is a big community and there are many people who trust it and want to invest.
Your direction is very correct and the point is to find out about the project as deeply as possible to their cooperation partners so that everyone can know about what the project will do and run before we go deeper or decide to invest in it. Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
It is really difficult to judge today if is a worthy coin or just a scam. So you shouldn't risk big money. Personally I investigate the idea and docs, then I overview the team members and partnerships. One more important thing is a marketing campaign and social media. You had better find out if there is a big community and there are many people who trust it and want to invest.There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
Everything is gained with experience. When you have seen a lot of projects you will feel if this project is fair and have good prospects or it is a scam. The most reliable thing is certainly a smart contract as developers can say what they want on their web-site. Nevertheless, if you open a smart-contract, you will find out everything so the best way to avoid scams it is to learn how to read smart-contracts.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
Read the review about this project and i see this is just a new project for people to buy the tokens so they can benefit by validating which projects are valid meaning this does not at all go through an investigation to prove a project is valid.What do you think about this problem and what solutions do you see?
What can be done is to check all the things in the project if you want to know if the project is trustyworthy, but still we may not be able to detect everything exactly but can reduce it by carefully checking all the projects we want to invest in.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
It will be very pleasure if the platform can really detect whether the project is a scam or not. But, how effective?Actually, for the first time, it may be difficult to see which is legit and which is a scam, except we have known the team members with the good track records in the previous projects.
Today, there are many scam projects resembling very legit projects, with many community members, ensuring platforms or websites, teams, and also others.
that is why in selecting the project, we need to analyze and gather all informatins related to the projects clearly, based on their team even real or not, roadmap, community cahnells or group,. WP, and also others reviews.
well its not that easy like just looking at the whitepaper . looking a bunch of stranger photos and immediately judging a project will be successful or not. In the end, it will be based on someone's belief in the project. maybe this can be a reference if I see how the developers are trying to promote their project openly. and how the project will be handled. whether realistic or not. but in essence no one will know what will happen in the future. I also often judge projects that look serious and end up being abandoned or failed.
Its not easy but its possible, you just need to take time to read everything and analyze before you invest. What we can’t stop here is for them to come in because its easy to create fake projects so be more extra careful before you invest. If you are in doubt, share that project here, someone can help you on this and they might give you some analysis on that project. Always be wise on your investments, don’t be a victim of those scammers.
Being knowledgeable as per individual to have it easily answered and solved.
Everyone who lacks of knowledge determining what the scams are will make you vulnerable about investing to the scam projects. But if you're knowledgeable and aware what are the typical scams.
You're unlikely to invest into those scam projects and you won't even spend time reading info about them.
Everyone who lacks of knowledge determining what the scams are will make you vulnerable about investing to the scam projects. But if you're knowledgeable and aware what are the typical scams.
You're unlikely to invest into those scam projects and you won't even spend time reading info about them.
Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
Maybe I'm one of those who thinks that this project will not be successful?
How can you check the veracity and verify the project in the first place? It will be like DYOR in my opinion.
And if what if they found some anomaly? Will they raise a red flag? and what if the project they've flagged doesn't agree with them? If will be a back and forth war between the two project. I guess still boils down to us investors to really check everything ourselves before pouring our hard earn money on any projects.
well its not that easy like just looking at the whitepaper . looking a bunch of stranger photos and immediately judging a project will be successful or not. In the end, it will be based on someone's belief in the project. maybe this can be a reference if I see how the developers are trying to promote their project openly. and how the project will be handled. whether realistic or not. but in essence no one will know what will happen in the future. I also often judge projects that look serious and end up being abandoned or failed.
Its not easy but its possible, you just need to take time to read everything and analyze before you invest. What we can’t stop here is for them to come in because its easy to create fake projects so be more extra careful before you invest. If you are in doubt, share that project here, someone can help you on this and they might give you some analysis on that project. Always be wise on your investments, don’t be a victim of those scammers. 
Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
The project itself sounds like a scam lol. And we don't need another project to determine if a project is a scam or not. People can do their own due diligence and research if a project is a scam or now. After all doing your own research is the first step of investing in crypto currencies. Scams are easy to spot. They have obvious signs, but people still ignores them because they think that the new project can give them 1000x within few days. Like look at squidgame token. People in reddit were warning each other that it is a scam, but still other people invested and lost everything. There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
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