Topic: How can we avoid scams in blockchain? (Read 496 times)
If you want to wait and trade genuinely and faithfully, you need to check the project ICO and projector white paper at the latest and highest start of blockchain and see if the tokens and project are good and if project manager is trustworthy. And according to the ICO and the White Paper, you have to get your ideas on the token. If you can't, you can get help from the seniors. Thank you.
To avoid scam the main step that we can do is to look for information in the form of company details or Whitepaper (if ICO), and other things related to the investment product.
It would be great if it could help reduce scams in the blockchain world. But besides that here we must also be able to avoid the scam itself. Starting from oneself to choose a project that is good, it can be seen from the team and also the concept. Do not be tempted by attractive offers that do not make sense because they are usually signs of a scam. But if it is said that CheckDot can help avoid scams of course it will be very useful and helpful especially for people who are really having a hard time choosing a project to follow.
But do not just rely alone on CheckDot as it has no full assurance that it will really point out a scam project. Its better to make a depth in research or DYOR so you can analyze whether the project is legit enough or may fall into scam as it has no clear identities of the staff behind or its own whitepaper has set its goal that is too far to be achieved. Plus projects with too good to be true offers usually fall into scams in the end. 
It would be great if it could help reduce scams in the blockchain world. But besides that here we must also be able to avoid the scam itself. Starting from oneself to choose a project that is good, it can be seen from the team and also the concept. Do not be tempted by attractive offers that do not make sense because they are usually signs of a scam. But if it is said that CheckDot can help avoid scams of course it will be very useful and helpful especially for people who are really having a hard time choosing a project to follow.
Trend carefully, do good research on projects before investing your cash make sure the project team are either audited or doxxed, anonymous team have high possibilities of exiting scam or pull rugged because they aren't known to the world, don't connect your wallet to any random website for any reasons, use CMC to find official links to a project before connecting your wallet
That is a nice and noble project. But the problem doesn't begin and end with checking and verifying projects. There also should be a project that regulates projects just like the American SEC(Security and Exchange Commission) works. I am for crypto regulation. It makes sense
If you think you have difficulty differentiating a coins that are scams, you should just invest in a verified platform like binance or such, they surely have went and analyze each of the project that they gonna endorse and surely most of them have promising long term investment.
By doing this alone you could avoid 100% of the scams and you just need to worry about volatility afterwards. There is also reason why most of the promising projects that binance or any big exchange endorsed are usually over funded at their initial stage because they just better and zero chance being scam. The only problem is so many people didn't know how to did a good research toward any coins in the market (new).
For people who have been very familiar with scam project and they know what to do next to know whether that's a scam project or not.
This is valid if you want to use a centralized exchange but for those who want to invest into stuff like NFT's or invest via decentralized exchanges like uniswap, or metaverse projects and lands, play to earn games. These are all brand new or at least quite new and this results with people not really knowing what they are doing when investing into those.By doing this alone you could avoid 100% of the scams and you just need to worry about volatility afterwards. There is also reason why most of the promising projects that binance or any big exchange endorsed are usually over funded at their initial stage because they just better and zero chance being scam. The only problem is so many people didn't know how to did a good research toward any coins in the market (new).
For people who have been very familiar with scam project and they know what to do next to know whether that's a scam project or not.
Binance can't help you out with that, sure they can with a small amount of the projects, really famous ones, but at the end you do not want to just invest into the very top, you also shouldn't invest into shitcoins neither, so you need to find something in the middle and sometimes that is not that easy.
There's no sure way to avoid it completely. However, usually the audit project can minimize the risk of fraud. Checkdot is one of those new projects that I know will soon solve the problem of fraud in projects that just went into sale.
It's impossible to avoid completely because after all there will always be scams,I think from year to year scam always haunts us,
What's clear is stay careful and wish us all luck
Never heard about CheckDot also I can't access their website so I can't say anything about it. But we can do our research about any project manually.
There are many mistakes that scammers do because they don't even write whitepaper they usually copy-paste from other projects, also scammers take photos of someone else from the internet and show them as their team. but you can catch them by searching those images in Google Images
There are many mistakes that scammers do because they don't even write whitepaper they usually copy-paste from other projects, also scammers take photos of someone else from the internet and show them as their team. but you can catch them by searching those images in Google Images
the risk of losing our assets and also the risk when we want to invest in projects that are not necessarily good are all in a circle of problems that often occur in crypto..
.especially for those who are new to crypto and are starting to be tempted by the profits of people who are experienced and do everything they can even though they don't see the next risk.therefore my advice is to start with small things, and be diligent to read the movement of the project to be followed, see the team in it and also how the project concept is..
.especially for those who are new to crypto and are starting to be tempted by the profits of people who are experienced and do everything they can even though they don't see the next risk.therefore my advice is to start with small things, and be diligent to read the movement of the project to be followed, see the team in it and also how the project concept is..
There's no sure way to avoid it completely. However, usually the audit project can minimize the risk of fraud. Checkdot is one of those new projects that I know will soon solve the problem of fraud in projects that just went into sale.
If you think you have difficulty differentiating a coins that are scams, you should just invest in a verified platform like binance or such, they surely have went and analyze each of the project that they gonna endorse and surely most of them have promising long term investment.
By doing this alone you could avoid 100% of the scams and you just need to worry about volatility afterwards. There is also reason why most of the promising projects that binance or any big exchange endorsed are usually over funded at their initial stage because they just better and zero chance being scam. The only problem is so many people didn't know how to did a good research toward any coins in the market (new).
For people who have been very familiar with scam project and they know what to do next to know whether that's a scam project or not.
By doing this alone you could avoid 100% of the scams and you just need to worry about volatility afterwards. There is also reason why most of the promising projects that binance or any big exchange endorsed are usually over funded at their initial stage because they just better and zero chance being scam. The only problem is so many people didn't know how to did a good research toward any coins in the market (new).
For people who have been very familiar with scam project and they know what to do next to know whether that's a scam project or not.
There are five important points that we can do to reduce the risk of being deceived by scammers. The five tips are like: first, be careful when clicking links can be phishing, second don't be tempted to double bitcoin,Third Be Careful in Reading Information on Social Media,Fourt remember Bitcoin has no physical form,and the fifth or final Do Not Provide Personal Information. Those are some things I can share hope it helps.
The act of not being scammed in crypto space is perhaps inevitable, either you buy a coin that you can not swap or you buy a coin that keeps dumping right from the beginning of the coin being traded or in any other way of being scammed, what is needed to do is just to do a very thorough research about the project you want to invest in, there is no special way, just DYOR and you will not be scam often
I think the steps that must be learned to avoid scam projects. The first step is to find the website because from the website we can get a lot of information we need such as whitepapers and others. Next we have to make sure that the smart contracts are theirs and not a clone of other altcoins. and look for other information through social media such as telegram, twitter, discord, medium and others to be able to ensure that they really make updates about the projects they are running.
You can not avoid scams completely. Even if you do a thorough background check and you check the whitepapers and other stuff, you can never be 100% sure. A project can look super legit for years and than start scamming. Nothing you can really do about it, I am afraid.
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?
I think the steps that must be learned to avoid scam projects. The first step is to find the website because from the website we can get a lot of information we need such as whitepapers and others. Next we have to make sure that the smart contracts are theirs and not a clone of other altcoins. and look for other information through social media such as telegram, twitter, discord, medium and others to be able to ensure that they really make updates about the projects they are running.
I think that avoiding scams is not easy, but it requires a lot of effort, we must be wise before investing. That is why we must go deeper during our study of a project in terms of its credibility and ways to succeed.
You can always rely on the site you shared but keep in mind that scammers always get loopholes as it is now happening there in CMC.
You can always rely on the site you shared but keep in mind that scammers always get loopholes as it is now happening there in CMC.
Some projects are created initially for the purpose of fraud, to collect money from gullible investors. But most projects become such in the process of development, when the team cannot solve a technical problem and refuses to continue working on the project. This is particularly due to the fact that sufficient funds were not raised to work on the project.
you should don't need to invest in that project that has no IDO, you should invest in that project that has IDO on a good platform and you should analyze the project first before investing in a brand-new project, if you can't do this then you need to invest that has a good community and good team and check their profile as well.
But we also can not generalize all project that has IDO are all great projects, there are some projects with IDO and after the public market sale on cex, the price going down under the IDO price which is the projects could be called a failed projects.
And also there some coins or tokens which just launch at dex at their first sales, and experienced a success, so it's all depends on the project itself not how they do the sales
you should don't need to invest in that project that has no IDO, you should invest in that project that has IDO on a good platform and you should analyze the project first before investing in a brand-new project, if you can't do this then you need to invest that has a good community and good team and check their profile as well.
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?
First of all i think it is necessary to say, that you can never avoid all scams 100%, even if you are doing your research as thoroughly as possible and everything looks great it can still be a scam in the end, a very well made scam then. Of course there are some things that you can do to minimize the risk that you are investing into a scammer project. First of all i would check the team, if they are completely anonymous then this would be a big red flag for me. If they are posting real pictures of themselves make a google reverse image search to check if those are real pictures or if they were just taken from the internet. Also checked linkedin for the track record of the developers.
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.
How exactly does this CheckDot you’re talking about identify projects that are scam and the ones that are legit? A little explanation on how it works would suffice. Anyways I still be making use of the old method that I use whenever I want to find a project that is legit or scam. You just have to follow the process –the first thing I do when I happen to get any interest on any project is that I get to know their team first; there is a lot to do with this – you have to know whether the team are truly who they claim to be by thoroughly researching them.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.
The next thing I have to look at is their whitepaper – this is very important before you start talking about flashy websites and the rest of them. A whitepaper will show you the background, goals, strategy, concerns,and time line of that project you’re about to get yourself involved.
There’s a lot to do with the whitepaper and it’s going to help you decide whether it’s something you want to be a part of or not. Then you have to look at the token sale, and how feasible is the project, even after all that you still have to exercise caution. So talking about the CheckDot website, is it really going to do all that for you, and how does it do that?
First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.
But even in this case, you will not be able to look into the heads of responsible team members and find out their true intentions. In addition, no one can guarantee that after the money is collected, the team will also selflessly work on the development of the project.
One thing you should really have on able to save your ass is to have some common sense and make out some research for you to be at least aware on whats been happening around.
Scams are everywhere and theres no way you could really stop them but you could at least get rid of them if you do know on what you are doing.
First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.
But even in this case, you will not be able to look into the heads of responsible team members and find out their true intentions. In addition, no one can guarantee that after the money is collected, the team will also selflessly work on the development of the project.
Actually, this topic has been a very old issue and this is never solved at all. Because, scammers will always set scam projects, scam programs, scam investment, and also other type of scams.
And unfortunately, although this has been notified from long time ago, there are still many people who are trapped in the scams, both newbies or even others.
So, you must do checking and analyzing carefully and smartly because scammers are exactly very smart in utilizing every situation.
And unfortunately, although this has been notified from long time ago, there are still many people who are trapped in the scams, both newbies or even others.
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.
Actually there have been some platforms who do this effort in order to minimize being scammed. But how effective it is will depend on what kind of scam analysis done by the platform and how objectives are the analysis. Sometimes, we may consider that a new project belongs to grade A with good project potential without any scam, but in fact, the project is just a shit and scam. So, you must do checking and analyzing carefully and smartly because scammers are exactly very smart in utilizing every situation.
the project does offer a good deal where we can avoid scammers a bit. but we must also be able to understand the project well and determine whether the project is worth following or not. scammers are everywhere and we have to be careful with them. There are many cases where a scammer's project brings in a lot of money from investors and this is a bad thing. scammers have various ways to deceive and attract enthusiasts, therefore we must be more careful in choosing a project because to avoid scammers its starts from ourselves to be able to choose a good project.
Making research is always a big help to prevent frauds in the blockchain mate.because if you rely only on what others saying for sure you will end up losing money and etc that can cause regrets afterwards.. So always look for specific information never trust anyone!. all the information is on the internet especially feedbacks. So always invest time for it to prevent scammers..
I will just wait the token to listed in bigger exchange i think. It is yes, need time but it is better to safe than sorry. I mean, in investing we are free to pick what coin and project that we want. So if not really sure about project that open IDO, ICO or any kind of token sale before the project launched, just avoid it.
I don't think it will be 100% doable even if there are projects that can audit projects like checkdot. But at least, it can help 80% make us understand the scam project and can avoid it, Usually the scam project has a great promotion when the token sale he will give a big discount and there is no progress of working on the token sale only.
It is difficult to detect whether the project is real or will become a scam, scammers of course know and fix which points are easy to detect, this is why we must immediately implement strict regulations for projects so they are not used for scams.
And so far no one has really been able to detect the points used by Scammers in every project so that until now there are still many projects that can be scammed in the end with various illogical reasons. 
-snip-
I couldn’t agree more with you. Although, it would be really challenging to know ultimately and right away if a project is a scam or not, it is not impossible to find out by doing the above. I also observed that those who are with pure intentions are active and eager to answer inquiries and attend to concerns as much as they could.
2019 was the year where a lot of crypto scams took place. Since cryptocurrency became popular, people started crypto exchanges to earn profit through crypto trading. However there are many scams that cause many users to lose more than they invested.
If I look at the percentage of Scam, the most frauds occurred in 2018 not in 2019, because in 2019 there were several projects that had become successful and very few things happened in 2018.
It is difficult to detect whether the project is real or will become a scam, scammers of course know and fix which points are easy to detect, this is why we must immediately implement strict regulations for projects so they are not used for scams.
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?
There are several elements that show a project's authenticity. You can check a project has those or not and then you can decide this will be a good investment plan or you should have exited from that project.
First, check the project contract is audited or not. Then check for their partnership and development plan. There are a lot of VCs who invested in new projects every day. I can trust a project if that is backed by binance or kucoin. Another thing is a good project is very common and that is they are very active in their social media. A good project always keeps their community updated.
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?
True, all projects campaign about their potential in the roadmap they describe, but most of the projects are not implemented so that many investors feel disadvantaged.
In my opinion, to avoid such scams, we must be observant and more thorough in choosing the projects we want to invest in, and it is also very important in my opinion to pay attention to the project team and developers.
First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.
Considering a project based on her large number of community members doesn't mean the project is legit. It's very wrong to have such a mindset. What normally grows community on telegram is bounty hunters and airdroppers, not investors. Investors in most of the large communities I have seen are very few at the end. I always go with the ICO rating of a project, to know it's genuineness
2019 was the year where a lot of crypto scams took place. Since cryptocurrency became popular, people started crypto exchanges to earn profit through crypto trading. However there are many scams that cause many users to lose more than they invested.
Some scams are unavoidable. You can't be deceived if you don't believe them and don't touch them. Many people will be deceived because of greed. Don't pay the price because of your curiosity. In the current project, you should choose a project you are familiar with. To invest in a new project, you must first understand the basic information.
If you think investment is greed, then you can say that anyone who gets scammed are due to greed. But you need to understand, the risk in any cryptocurrency project has its risk as you never know which project will deliver and which project will collect money and run away with it. Many of the cryptocurrency investors does not really care if the project really succeed, all they want is a pump so that they could book their profit.
Some scams are unavoidable. You can't be deceived if you don't believe them and don't touch them. Many people will be deceived because of greed. Don't pay the price because of your curiosity. In the current project, you should choose a project you are familiar with. To invest in a new project, you must first understand the basic information.
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?
If the website you said you discovered is very good at using their strategy to discover which projects in the cryptocurrency market is fake or real, then you can go ahead and be making use of the website to check whether a project is really what they’re claiming to be or not. Then if you want to do it manually by yourself, then I would suggest that you always check the team that is behind a project and know who they truly are and whether they are who they claim to be.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 lots of social media that you can check out who they are, check their LinkedIn profile, their twitters, their Facebook accounts and know if they’re really who they claim to be and whether they have the kind of experience that they claim to bring to the table. And finally know whether those are not just scammers who are impersonating legit people out there that knows nothing about the project. This is just one piece from me.
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?
Not sure if OP is just promoting a platform or is purely into discussing this kind of matter.
@OP Isn't kind of obvious already on how to know what's 'too good to be true'? If someone promises you to 8x your money overnight, I don't think there's any point to tell if it is a scam or not.
@OP Isn't kind of obvious already on how to know what's 'too good to be true'? If someone promises you to 8x your money overnight, I don't think there's any point to tell if it is a scam or not.
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?
Why should someone diverge away from the ability to verify and check by ourselves into a third-party(CheckDot)? Does cryptocurrencies nature lose its meaning huh? Even if it's targeting regular Joe users or the general mainstream, diverging the trust into an entity is absurd.What do you think about this problem and what solutions do you see?
I think the solution is simple, people should take a lot of consideration when they want invest to in a project. They should not blindly be following what is happening, what is on hype, etc. They should do thoughtful research and do their diligence when investing in projects. I believe it will significantly reduce people being scammed.
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?
Unfortunately, the only thing that can completely solve it is regulation. And we don't want that, not to the full extent.
But best thing is DYOR and follow your gut.
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 problem is widespread and it is because of this that many projects pull out an exist scam. Other than DYOR there is not much one can do to avoid this. Obviously, looking at the team and their experience helps but I understand some of these teams are anonymous which makes this check impossible to conduct. Though, a list of reputable investors always help. 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?
At this point in time, it is all bout conducting the right research and decide on the back of that. Also be aware of certain scam techniques
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?
many people ask the same thing about this. however, it all comes back to yourself, which is how deep you researched it.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?
Avoiding scammers is possible if you know complete information about the project. team. the concepts they use, their activities, the developments they make, the products, and so on. these things are very necessary to know.
Once you see a project that is good enough for you to support, you need to realize that investing also carries risks. how well you do your research, it goes back to the CEO. because they could just run with the investment money or do a rug pull. the risk will still be there, however, by doing research, the risk can be small. there is no 100% way to know whether the investment is really a good investment or not.
Avoiding scam is easy and at the same time, it's difficult sometimes as they happen due to error or may be lack of knowledge about something and ignorance too.
Again, another thing that makes crypto scam spread is greed, it's a good thing to be greedy on your investment but not by making stupid decisions.
Ignore huge returns on investment also, that way you don't have to get into anyone trap.
Again, another thing that makes crypto scam spread is greed, it's a good thing to be greedy on your investment but not by making stupid decisions.
Ignore huge returns on investment also, that way you don't have to get into anyone trap.
We need a project that can detect a new project whether it is potentially a scam or not. I've found a website like that. I forgot because it hadn't been used for a long time. Looks like Checkdot will be very useful for this problem. We really need a tool that can detect a project is right on its way or it's just a scam.
Are you sure you want to avoid scams? Sometimes scam coins can get pumped so hard, meanwhile legit altcoins are just stuck without significant price movement. If you ask me, SHIB and other meme tokens are a scam, coins with pre-mine are a scam, POS coins and tokens are illegal securities, etc.
However, there are different scam "tiers." For obvious scam, such as fake tokens/NFT, you can just check the contract address, and be more diligent when dealing with NFT and dex exchange.
However, there are different scam "tiers." For obvious scam, such as fake tokens/NFT, you can just check the contract address, and be more diligent when dealing with NFT and dex exchange.
Now there are companies that serve audit services for the project so that the project becomes verified. But this kind of thing also does not guarantee that the project can be avoided from fraud. Because there has been a project that was audited from certik but can still cheat. The thing that can be anticipated from the most reasonable fraud project is the path of the project. Long-term projects usually always have good progress for the future.
I primarily look at the project partners if there are audits, this is also a good plus.But still, this is not a guarantee of a successful project.In this industry, everything changes in a matter of minutes.For example, yesterday I lost 50% of the value of one asset due to a team error, although at first glance there was no doubt about the reliability.
Looks like they are finishing a big project. They developed a swap platform. If we look at previous story projects about swaps, most of them have had success with stable coin prices. You said the previous projects did not keep their promises and in the end investors suffered losses. I think you should compare the project you want to promote with the previous project which is equivalent.
what I usually do is look at the white paper and analyze whether this project has the potential to be a long-term project, then the background of the developer team and the last thing I analyze is the ecosystem of the token or coin because it is the ecosystem that makes the token needed and creates demand
Do your own research, these are the best words in action. you just need to check the future plan in the whitepaper because there we can find out whether the project planing is clear or not and whether there is escrow in the project or not to achieve a hard cap with a certain value we also have to find out for sure so that we have parameters to determine whether the project is worth it or not that way we might avoid scam
Another factor you should probably consider is the company or companies backing a new project. The more partnerships they have, the higher chance that the project is legit. Token sales have already evolved and you seldom see anonymous people trying to collect money from gullible people.
It's almost similar with the paid services offered by people to victims of hacks/thefts. Anyone familiar with using blockchain explorers and other tracking platforms can do the same thing.
It's true that the more partners the more trusted. still have to be careful too because many people create projects with fake partners who are almost the same as trusted partners. I've seen that have to be more careful. Most of those who create large partner accounts are on their own to appear trustworthy to attract investors.? ~
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.
Useful for complete noobs but I wouldn't recommend it to anyone. I'd rather teach them the basics (some of it already mentioned in comments above) for free. No tokens required.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's almost similar with the paid services offered by people to victims of hacks/thefts. Anyone familiar with using blockchain explorers and other tracking platforms can do the same thing.
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?
IMO, I think it is too hard to determine at first until the project team hasn't been doing any KYC procedures, that's why if we just join and invest in any project without proper research or study our risk of being scammed was very high, so avoid investing when it's not properly planned, second is avoid investing on a "too good to be true, and very unrealistic project roadmap," Anyway I will try to check 'CheckDot' as you say. thanks
Actually all points that you mention is exactly what checkdot use for. I thought this project is another bull crap but I think they have a good idea if they make there whitepaper successful. This is the solution on DeFi ecosystem. Most of the project on DeFi anonymous that's why there's a lot of smart contract audit out there that making a temporary solution on it. If there is a trusted company that will handle the audit of the team of a DeFi project. Investors will have an assurance that the project is safe.
I hope that this will work and many DeFi project will consider to undergo there service to limit those scam project and shitty meme coin with anonymous devs.
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?
IMO, I think it is too hard to determine at first until the project team hasn't been doing any KYC procedures, that's why if we just join and invest in any project without proper research or study our risk of being scammed was very high, so avoid investing when it's not properly planned, second is avoid investing on a "too good to be true, and very unrealistic project roadmap," Anyway I will try to check 'CheckDot' as you say. thanks
Another factor you should probably consider is the company or companies backing a new project. The more partnerships they have, the higher chance that the project is legit. Token sales have already evolved and you seldom see anonymous people trying to collect money from gullible people.
It's almost similar with the paid services offered by people to victims of hacks/thefts. Anyone familiar with using blockchain explorers and other tracking platforms can do the same thing.
~
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.
Useful for complete noobs but I wouldn't recommend it to anyone. I'd rather teach them the basics (some of it already mentioned in comments above) for free. No tokens required.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's almost similar with the paid services offered by people to victims of hacks/thefts. Anyone familiar with using blockchain explorers and other tracking platforms can do the same thing.
So we have a crypto project that tests whether the other crypto projects are trusted or not?
Thats funny. How I am supposed to check if the CheckDot is trusted or not? Well I would just start studying the project, have some reviews from the hunters here, get involved with their social networks, most probably would be active in the Telegram and after that I may just get some idea whether they are honest peeps with good success ahead or not.
Thats how you do it for all of the crypto projects old or new one. There is no way to secure your predictions way before timeline. For example, it would be idiotic to believe on the project which just got launched with some white paper, poor social network, too shiny roadmap etc. Even the most serious looking projects have failed for some reason or another in the past.
Thats funny. How I am supposed to check if the CheckDot is trusted or not? Well I would just start studying the project, have some reviews from the hunters here, get involved with their social networks, most probably would be active in the Telegram and after that I may just get some idea whether they are honest peeps with good success ahead or not.
Thats how you do it for all of the crypto projects old or new one. There is no way to secure your predictions way before timeline. For example, it would be idiotic to believe on the project which just got launched with some white paper, poor social network, too shiny roadmap etc. Even the most serious looking projects have failed for some reason or another in the past.
Main thing is that there is no way one can certain that ICO is legitimate or not. Some have lost money by investing in scams while many missed the real projects on fear of getting scammed. To me it all boils down to your research and luck. There is no proven software (like the one OP referring CheckDot) that can tell the legitimization of the project.
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So be sure to keep yourself updated with what you invest and act fast according to the time. Depends you wanna buy more or sell etc.
Real time to invest in project is before it get listed on any exchange, you can get the real juice out of the coin if you invest before that. Once on exchange the margin of profit goes down alot.
So we have a crypto project that tests whether the other crypto projects are trusted or not?
Thats funny. How I am supposed to check if the CheckDot is trusted or not? Well I would just start studying the project, have some reviews from the hunters here, get involved with their social networks, most probably would be active in the Telegram and after that I may just get some idea whether they are honest peeps with good success ahead or not.
Thats how you do it for all of the crypto projects old or new one. There is no way to secure your predictions way before timeline. For example, it would be idiotic to believe on the project which just got launched with some white paper, poor social network, too shiny roadmap etc. Even the most serious looking projects have failed for some reason or another in the past.
So be sure to keep yourself updated with what you invest and act fast according to the time. Depends you wanna buy more or sell etc.
Thats funny. How I am supposed to check if the CheckDot is trusted or not? Well I would just start studying the project, have some reviews from the hunters here, get involved with their social networks, most probably would be active in the Telegram and after that I may just get some idea whether they are honest peeps with good success ahead or not.
Thats how you do it for all of the crypto projects old or new one. There is no way to secure your predictions way before timeline. For example, it would be idiotic to believe on the project which just got launched with some white paper, poor social network, too shiny roadmap etc. Even the most serious looking projects have failed for some reason or another in the past.
So be sure to keep yourself updated with what you invest and act fast according to the time. Depends you wanna buy more or sell etc.
Here's some tips to avoid the scam token in the blockchain
- You must always try to check the contract address - there are lots of scam tokens appeared used the same ticker with the real one and you must always make sure that you're trading token with the right contract address.
- You must always try to track the development progress of project - this will be related to identify the fundamental of project. A project with good fundamental will not give you zero result for your investment
- You must always try to make sure if the code already audited and oit's verified by the trusted parties. - there are so many scam tokens have been putting backdoor to did rugpull and run away with all of liquiidty in the pool.
- The community should become an important thing to be considered as well. A good project will always have solid and big community behind it.
As long as the developed or project wants to reveal their identity to the public and that will decrease the chance for such project to be a scam project. A trusted project will always have managed by trusted developers and they will always be transparent to the investors. It's different with scam project that will always refuse identity verification.
- You must always try to check the contract address - there are lots of scam tokens appeared used the same ticker with the real one and you must always make sure that you're trading token with the right contract address.
- You must always try to track the development progress of project - this will be related to identify the fundamental of project. A project with good fundamental will not give you zero result for your investment
- You must always try to make sure if the code already audited and oit's verified by the trusted parties. - there are so many scam tokens have been putting backdoor to did rugpull and run away with all of liquiidty in the pool.
- The community should become an important thing to be considered as well. A good project will always have solid and big community behind it.
As long as the developed or project wants to reveal their identity to the public and that will decrease the chance for such project to be a scam project. A trusted project will always have managed by trusted developers and they will always be transparent to the investors. It's different with scam project that will always refuse identity verification.
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?
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