Topic: How could i found a legit project? (Read 413 times)

I agree that it is very difficult to get valid projects but it would be wrong to say that new good projects are not available. Although there are thousands of projects in the market, if you are skilled and a good analyst, you can find a good project and expect to make a good profit by investing in it. Meme coins are always volatile and the risk trend is high there too. If you want to pick top or coins I think Ethereum, BNB, Solana which have done well this year and will make a good prospect in the upcoming bull season.

It is very difficult to find a legitimate project this year, especially since so many new projects have emerged, such as meme coin which is getting hyped. You can get results by having to be able to throw away your money in order to make a profit and I don't recommend that everyone is into meme coin. relearn the mistakes that have occurred, take a stand, choose the top altcoin that is worthy to avoid losses.

We can hardly say for sure that a new project is valid without looking at the basis of the project being developed, such as the web, ANN and also managers who are experienced and have successfully managed old projects. My advice is to stop following projects that don't have a special commitment and a complete team, even though the pay is big, many people lose out on the hype around every new coin because it's very easy to be tempted by big profits.

If you want to make a profit and avoid significant losses, stay away from meme coins based on the Solana blockchain. Indeed, you have already lost a lot of your capital in these rug pull projects, so there is no need to repeat the same mistakes again out of your greed for making fortunes in these meme coins that are specially designed to drain investors' money.

Finding a legitimate, non-rug project requires a lot of time and effort in research, examining the coin smart contract address, locked liquidity, and many other factors, and it also depends on luck. In the end, you will be risking your money, and your chances of success might be low, given the number of rug pull projects in the market now. Therefore, don't stress yourself out and invest your money in reputable and less risky investments and tokens.

We used to say that projects based on an ico campaign are necessarily failed projects, even if they are not fraudulent projects. Currently, the number of projects that adopt ico or airdrop campaigns has decreased, and projects are launching advertising campaigns as if they were successful projects and had a good reputation in the market. Of course, all of these claims are false and are nothing more than marketing advertisements, as if they are selling a consumer product (chocolate or biscuits), so it is difficult to differentiate between them and honest projects, which are always small in number compared to the number of projects that are launched in total.

My advice was and still is to invest your money only in projects that have proven reliable for a long time. People who are deceived by advertisements on social media are always people who dream of making a quick profit and do not want to wait long, which makes them exposed to great risks.

At least if you don't want to loss, it's best to avoid it, which if it doesn't match our heart's choice, you shouldn't be forced to try if you don't want to loss.
Because what I know is that things like this should not be used as a trial and error event, because later we will also loss after realizing it.
if you want to invest, you should look for something safe like bitcoin.

There's a lot of ways now to know if the project is legit or not, always have your strategy to do this and follow it. It should be start by doing your own research, from reading the project details up to following the community and of course if there's a hype you should be more careful to know if its a real hype or just a spam hype from fake people. If you don't want to fall into any bad projects, better to look at the top coins right now and decide where to invest more.

So sorry to say this, you still sound like someone that's new, I mean really new into crypto and I don't think it's good for you to be looking for a project to invest in yourself cause there are a lot you need or have to learn before taking about a project to invest in and for your information I don't think there's a project that is as legit or genuine as Bitcoin perhaps I am not assuring you that you can't incure loss or am not saying it's not risky cause as long as crypto is concerned risk is Paramount however, I suggest you look someone that is ahead of when it comes crypto to help guide and teach you more.

I was also a victim of many failed projects during the ICO trend a few years ago and it taught me a lot of lessons at that time, not to fully believe that a project is good even though it has been listed on an exchange because we don't know the full intentions of the coin developer.
Currently many use the Solana network, but previously the Ethereum network was what scammers used to develop projects that made a lot of money, and I'm sure that in the future there will also be other networks that scammers will use.
There is almost no benchmark on how to judge whether a project is good or not because it is all just speculation. The important thing is to only buy with money that we can afford to lose.

That's because you're doing it all wrong, you shouldn't be dealing with anything that you know is going to be nothing but just a rug pull scheme, there are tell tale signs of meme coins being like that, one of the best example is probably the overly exaggerated expression of the influencers that are trying to promote this meme coins, they highlight it's future and the prospect of the price going up and not the utilities but this one is a bit difficult since it's meme coins. For me, my best measure when it comes to checking the legitimacy of meme coins is if they don't really care about anything, that's it. Most of them don't make it big after all and I think that they all know that, it's probably a you problem now and not them anymore.

In my view, if we invest in a new project, it's like gambling, risking our hard-earned money by exchanging it for the coins or tekon they sell, then we just have to wait for the coins we get to be listed on a market exchange, where if we're lucky, the coins will have value, if not, the coins. it will be a display in their wallet, not like the brief explanation, yes, I know, not all new projects are all scams, there are certainly some of these newcomers who are real projects that might become the next trend in the crypto world

We've lost money and also made few to take care of ourselves in the market. Nobody have the power to change market because it's seasonable. It have necessary pressure, more will Spotting out a legit project in the market, how it would be? The road map, network are the main crucial phase to successfully pass through, its tough but bigger. The market is different and it comes with huge advantages and disadvantages for their investors, when it involved traders.

Why are you still going after memes and have big believe in people that are trying to hype those projects for you thinking that you’re going to make it big if you invest in such projects. You haven’t learnt your lessons after losing a lot of money in past projects and still want to put your money into this new project you call ghost face. The truth is that there are meme killer projects, but to get one in a million is very hard, so why waste time and put your money into something that you’re not assured that you’ll get a return from. There are so many other solids projects out there and even some memes you can try as well that have already made name in the crypto world. Invest in meme at your own risk and only put what you can afford to lose in them. If they do well, then you’ll enjoy and if they don’t, you just have to let them go since you must have made up your mind to go with any results that comes from it.

Honestly, if it's related to a new project, especially meme coins, whether it's on the Etheruem blockchain, BSC, Solana or others, we really have to be prepared for all the risks. Because meme coins are full of high risks. It's like, it's only based on hype, if the hype is over then it's over, it won't come back again, or it's very rare for it to come back again. The point is, if the coin or new project has skyrocketed and the rate of increase is very high, don't ever go in to buy it, because that will end in a rug pull and you will lose your money.

If you are really interested, then observe and analyze projects that are just starting to grow and are being hyped, but just at the beginning, make sure the money you invest is only a small amount, don't go all in or especially with a high nominal amount. because it's like if we're just gambling on a new project, sometimes it's good, sometimes it's not. because the results we do sometimes don't match the results in reality.

Honestly, rather than continuing to analyze and spend money on meme coins or new projects that are not yet clear, I would be better off just going to top coins. That's still a risk, especially those that have just been hatched and are hyped. That's really risky. If you often lose money from new projects, why do you want to continue investing there?

All new projects are not scam and most of the new projects are profitable but sometimes people get involved in scam projects because they don't make any examinations before investment about the coins but want to get a bigger reward. It is not a shameful idea to take benefit from new coins but making little investment in new projects is that opportunity which everyone should take to make themselves bold, experienced and profitable.

Old coins are good but it does not mean that we Will always be dependent on old coins and will not take advantage of new coins therefore try to invest little amount in new coins and use them for short term investment. In bull season many creators are in struggles to originate their scam project therefore try to read well about the project and be careful during bull season.

It's a shame to waste your hard earned money on new projects that are mostly scammers. You can divert those funds to safer old altcoins that have been sitting on various market exchanges that have been tested and have gone through various bear and bull seasons. In my opinion, that's a wise choice rather than having to bet on new projects that don't necessarily have a future like old altcoins

I think yes that all beginners experience what you already had but we are wise and knowledgeable now to avoid them. The hype now are on Solana, so expect that scammers will hang out here.

If you want a project that already reached a million Marketcap, I think you can easily find them on older projects. You can also search using that keyword> "Million Marketcap crypto projects" on Google or on crypto ranking sites like Coinmarketcap an Coingecko. The project you found is interesting if it's true that the team don't own tokens. I don't usually believe on a project killer but with that feature, then why not? They could even kill other non-meme coin projects.

Ho do you do your DYOR?

Most people invest blindly hoping for 1000X because some influencer shilled a project where either got lots of money or is part of the project, but not on paper.

How many of you verify the team?

For our project Zesh Apps, we have the core team with LinkedIn profiles on our main page.

Do you do a deep dive? Check Litepaper, Roadmap, past announcements, mentions on different social media? How old is everyhting and so on?

If you do all of this, the only concern could be that the business doesn't work as expected to cerate adoption and make money to cover the expanses. But if you know basic business you will realize soon that many of new projects don't have a solid plan and just play with the numbers

As long you do a proper DYOR + Diversification it should be fine.

Remember, even legit projects could fail, or rugs could go up, with experience you will learn the red flags and when to get out.

It is definitely going to be difficult for you because most of the new schemes these days are scam winners. So you should invest from new best projects and always buy at cheap prices. When you are sure when you can place your investment from top coin. As you can buy and hold bitcoin, eth and sell at small profit. Moreover if you want to invest in new projects you should invest from ido.

I have never been a victim of memecoin projects, and I strongly believe that I never will be one day. This is primarily because I am not a fans of MemeCoins, I am fully aware of the significant risks they inherently carry. In fact, considering the rapid emergence of new projects on the Solana blockchain, it is quite alarming. It is evident to me that 99% of these projects are scams. I genuinely do not understand the purpose behind most of these projects.

Therefore, my advice to anyone considering investing in cryptocurrency would be to stick with Bitcoin. I believe that it is highly unlikely to regret investing in Bitcoin. However, investing in other alternatives coins apart from Bitcoin is with high risk. There are some altcoins with relatively lower risk, but none can be compared to Bitcoin in terms of stability and lower risk. Bitcoin offers a certain level of assurance that other coins do not. Hence, it is wise to avoid taking unnecessary risks when it comes to investment.

Make it a habit to conduct background checking on the projects you got your interest with. Check the people behind it, roadmap, overall tokenomics, and more. You may also join their community and ask about it. Well of course there will be no certainty especially with new projects but at least in wuch way you could lessen the risk on falling to fraudalent projects. Or if you really want to be free of worries, engage on established cryptos in the market like Bitcoin and the likes.  Downside with new projects is that, anytime they could rug the whole thing in an instant without any warning, and just do it like a cycle. Be careful with too promising projects because the idea of easy way to get rich does not exist in this industry as well.

The link you provided is quite scary it's a Halloween theme script and not everyone is comfortable with that script, memes are the current pump-and-dump trend in the market because it is the trend now, the scariest is scammers joined the meme trend and they are creating projects because it is easy to create one because it lacks use case if you want to have a peace of mind investing knowing that you have a good chance to make profit then go for projects or coins that have proven their profitability in the market.

Only invest in altcoins on funds that you can afford to lose, no investors want to lose money investing but memes right now are the riskiest projects to invest in, so if you're still attracted to investing in memes use excess money and concentrate your portfolio on coins and tokens that have proven their worth in the market.

This is just promotion because how do we know this isn’t another project that will run away? Where you find the project and how you find it matters too. If you’re thinking that merely coming to post about it here is enough to make people invest in it then you’re a beginner. Unless newbies who doesn’t know, no body invests without a complete scan of the project at hand.

Hi there,

I know how frustrating it can be to deal with scam projects. For reliable insights and to avoid rug pulls, check out ICO Gem Hunters the place where you can discover hidden ICO IDO Potential Gems. The platform specialize in analyzing and identifying legit ICO projects. Their detailed information can help you make informed decisions.

Calendar Link (https://icogemhunters.com).

Stay safe and good luck!

You need to get out of such risky projects. It's stupid to focus only on meme projects, you can't imagine ever becoming a scam and you're just wasting your time here. You won't find the right one by researching these types of projectors, I don't really pay much attention to these types of projects. I don't expect to get quick profit from any project, I basically look for projects where I can invest and earn money, if it takes a little longer there is no problem.

Actually every project claims themselves as legit one, market killer and next bla bla bla. So one have to research, study the project well enough before investing anything into it. Also no one can tell or predict which project will be successful in terms of price hike as sometime even good project with active devs don't go up as expectation and sometime some random project comes up out of nowhere surprising everyone. So market is the King. It only can decide which project it choose for wild run.

Some of them said investing in new projects is better because it gives them quick profit. Investing in new projects is the most dangerous thing ever because you don't know the outcome of the project if they are scam project or poorly funded. There are lot of projects to invest and you prefer to invest in shitcoins. All those rag projects in Solana and Ethereum are not worth investing but you can invest in Solana and Ethereum itself and also BNB, and Eloncoin if like to invest for long term.
It is not all the projects you see in the ecosystem is silver and gold but make research and invest.

Before investing on meme coin try and see if the liquidity is locked and if there is a genuine buzz about it on X. Do understand that meme coins are a risky investment and due to the hype scammers are easily able to find investment. Another thing to check before investing in a new meme coin project is to check the price variation. Scammers sometime keep pumping the price which creates a FOMO and investors end up investing in them.

Lots of projects are really coming out these days as rug pulls and if you are lucky or good whatever it is, then you can expect to get some profit however if like you said you have lost a lot already maybe you are not as lucky as you might think you are and stop already.

I don’t know what else to tell you because there’s really no fool proof list that could tell you about whether a coin or a project is legit or not. The best you can do is trust the project and if it doesn’t do well then maybe steer away from the likes of it for the mean time.

I have nothing to say with that project. But if you are tired of losing, what you have to do is to invest only to Bitcoin. You need to realize that when you have been a victim of rug pulls, you should avoid any new project that you have no idea if it is going to be successful or not. Whilst for BTC, all you need to do is to buy and hold it and you have nothing to worry about anything anymore.

Finding a legit project right now in this bull season that memecoins are being used for some kind of scam shit, it's becoming more difficult as days goes by to find a well doing project that you can be part of  with full assurances.

what you can just do here is follow the steps that have been given to you above, you might end up finding 1 out of hundreds of new projects that are either yet to be launched or launched already.

Investing in new projects comes with lots of risk, so it’s better you just stay away from them because there are always higher chances of losing money. If you want to invest, then simply invest in bitcoin, and if you are not really satisfied with your bitcoin investment, maybe you are among the people who say the bitcoin price is already too high. Then you can invest in altcoins, but make sure your investment is in strong altcoins and not meme coins. Actually, I don’t really encourage people to invest in altcoins either, but it’s better to invest in strong altcoins than meme coins.

If you follow this project again, you are about to be get rugged again by another project. You don’t have to look for small project or new projects to invest in and hoping that’s they’ll make you rich overnight as the hype comes into it. There are many things you have to look into, when selecting or going for a project you want to invest in. Just like the other projects you claim to already be in their all time high, check their roadmap and see how they’ve come to get to where they are and the team behind the project. With such insights on the new projects, you can’t tell which one can do well at least, although not all can still be trusted. Some people have trust in already made projects because they are genuine and have tested the market for a long time to be irresistible to scamming or worthlessness.

Memecoins can be profitable but only a few people are able to turn it into that. Definitely it’s not for everyone so if you have tried it and you have faced only losses then I suggest that you just stick with the top coins for the mean time at least until you have enough studying done. Just invest in bitcoin or ethereum for now.

It's hard to predict legit projects most especially the new projects pumping in the crypto space,the thing to do is just get rid of memecoins since you've been scammed in several occasions.Not every is lucky with memecoins, memecoins is just like gambling is either you win or lose.It will advise you to go for Bitcoin or other altcoins with potentials.It's still okay if you have the desire to invest on memecoins but it shouldn't be new projects, invest on old projects that are reputable and trustworthy.

Look you only need to understand that there is nothing in their world that can make you rich overnight. Take this thing out of your mind that crypto will give you thousands of dollars a month.
like other platforms to earn online crypto also needs dedication and hardwork there is no short cut to it. You need to be patient and you have to control your greed only then you'll be able to make profits. Good luck.

if it's a new project, you just can't find out until you already lost the money. your option is to just invest in the tokens that are already listed in the exchanges and the project has already been running for years.

you couldn't trust any projects today even the new exchanges with a token that appears legit. if they are desperate to spam the forum, then they probably have a hard time getting clients onto their platform.

Even ghost face doesn't look legit. I also used to think like when contract is renounced and liquidity is burnt, then project is legit. These days, it's more than this. Even some projects with no burnt LP and no renounced contract address are more legit that the ones with these stuffs. It's better to know the team of of a project in most cases. And know how much is connected to the DEV wallet also.

There is no such thing exists like a simple to tell us the project is real or scam but if you do some basic research then you might be abled to get the intention behind the projects and 99% of the time it will be scam or just copycat version of an existing one so if you are not sure whether the project is worthy then just invest very little amount that you consider it as gamble and ready to lose everything.

Here is some of the guides created by forum members to identify scam projects which might help you...


🌍 Guidelines, how to spot a scam ICO & report effectively. ✔, (Coolcryptovator)
🌍[Guide] Prevent scam!!! Some useful tools for find scam / fake ICO team 🌍, (Coolcryptovator)
[Guide] How to detect fake token and spot scammers., (Coolcryptovator)
🔴 Ongoing exposed scam ICO list, must read to save money; Update: 03/09/18 🔴?, (Coolcryptovator)
Safeguard your crypto investment and avoid getting scammed., (r1s2g3)
How to avoid ICO scam by following very easy step., (r1s2g3)
[GUIDE] Use this for identifying Scam/Phishing/ websites & exchanges in crypto (GreatArkansas)
HOW TO protect yourself from Scammers, (redpillorblue)
Ponzi Scheme 101, (xha-256)
[Guide] Identify scam projects by hidden premined coin indicator via explorer. (tranthidung)
Beginners Gudie for Crypto Scams, aysg76

Do you realize the mistake you are making? If you invest that money with Bitcoin or maybe altcoins, you will get profits according to its price increase.

But the way you choose to take risks with memes, is precisely the greed of wanting a lot of profits but ignoring the big risks. I think I'd rather not just listen to someone raving about memecoin opportunities, if they succeed that's their business and you're failing then acknowledge your mistakes to correct them. Obviously in this market most of the greed comes but the hype trend is just a game to attract liquidity to other leading cryptocurrencies, but the monetary price is necessary for you to reconsider yourself. I wish you soon escape the quagmire you jumped into.

I see what youre doing. You are trying to get an early access to new projects by being first or early thats a risky gamble but if its panned out then youre gonna get good profits for being an early bird. However it has its cons too, as potential rug might be an indication. I used to join so early on some degen and some gain profits some arent. The trick here is too feel the vibes of the project. If its turning positive and you already see some hype closely watch your position if it moves too many leg up then dont forget to profit and leave some moon bag in that way youre out of risk and might have chance to gain a diamond mine.

1. Only invest 5% of your bankroll per trade (This must be followed no matter how appealing the project sounds).

2. Use online tools for checking rugging possibilities, like rugcheck.xyz make sure the score is at least ''good''.

3. Check for connected social media accounts and engagement. Go to Twitter to read comments and have a feel. Do not invest in newly created Twitter accounts with a few followers. Join their telegram group and have a feel.

4. Do not try to invest prematurely. Usually, good meme coins grow in two cycles. First, right after launch and second, when all devs are out, the initial profit takers are out and the community is taking over. The latter one is real stable growth, and you should look for it rather than snipping with bots on newly created memes.

5. Looking for suspicious bot trading aims to pump, check wallet transactions and looking for patterns (This skill requires practice and experience like any other).

6. Stay away from projects having a few people holding large amounts. (you can check that with rug checking tools look for 3-4% maximum. Lower is better).

7 Liquidity pool must be burned, run miles if liquidity is not burnt.

8. Believe in the project, if the narrative does not make you laugh, emotional, whatever chances are, it is not good, no matter how good token economics is.

9. After investing, just don't sit and wait, share it with family friends and social media.

10. Lock some profits always.

It's really difficult to filter out the legit projects hence the only option we have is sticking to the basics of checking their whitepaper, roadmap the dev team and their previous project or work and how successful they were and the most importantly their partners and if their partners re reliable and if they already have reputation and then an official confirmation from their partner acknowledging their involvement as some just randomly name any big organisation as partners. Else stick to top altcoins.

Stop following unknown project that being promoted by random influencers in the social media. I suggest to follow trustee venture capital like Binance and other well known VC since they frequently promote new project that they are invested earlier before the project was officially released in the project.

Or stick to the basic, just buy tokens within top 100 marketcap on coingecko and coinmarketcap to guarantee that you will not fall victim to scam since most of the rug pull projects are those new project that doesn’t have a good background or vc supporting them.

Lastly, avoid memecoin at all cost!

Are you guys also a victim of a rug projects like me i am now fed up with the meme coins specially on solana most of them are rug and the projects who reach to millions of Marketcap is really hard to find and when i found them those coins already at their ATH. Tell me how could i found the legit project and how i can make profit because from the last 1 year i lost a lot of my hard earned money in the scams recently i look into a project called ghost face and they claim that ghost face is a meme killer and for the users security there are no team tokens all tokens will go into the LP so what you think ghost face is a legit one or not give your honest opinion on this.

Web: https://ghostface.fun/