Topic: How do you choose a good project and avoid fraud projects? I need your advice - page 2. (Read 443 times)
April 30, 2020, 04:40:11 PM
The risk is always there, i have joined some icos in the past that even after 2 to 3 years time are not performing, their project is still under development and token value is way below ico levels like 90 percent below them which is very discouraging, i will still not call them scam but few more months without product we can definitely call them dead projects.
April 30, 2020, 04:36:54 PM
very difficult to determine a good project or scam because they have in common, but if I personally determine the project seen from the team and partners in the project
April 30, 2020, 04:03:03 PM
for me personally before joining the bounty project, the first thing I did was of course researching about the project, starting from the white paper, the background of the team & developers in managing the previous project, etc. It is important for anyone, including the Bounty Hunter and project investors to be more conscientious before joining any project and not to rely on ICO ratings, because scamers are always around us.
Does it make you spend a lot of time? For me, I don't need to check too many projects. Just look for the projects listed at the exchanges, they are definitely the best projects here and we will definitely get money from them. April 30, 2020, 03:55:10 PM
The most important clear whitepaper for a project so when you want choose a project for your investing then must be read whitepaper.
Another ONE, you should be check project partnership because it's the larger sales support.
Another TWO, go team profile and check experience because skills might be help new technology for a project.
Another some note: a good Project roadmap always be clear and promising with team give him support everyone investors.
Another ONE, you should be check project partnership because it's the larger sales support.
Another TWO, go team profile and check experience because skills might be help new technology for a project.
Another some note: a good Project roadmap always be clear and promising with team give him support everyone investors.
April 30, 2020, 03:43:21 PM
for me personally before joining the bounty project, the first thing I did was of course researching about the project, starting from the white paper, the background of the team & developers in managing the previous project, etc. It is important for anyone, including the Bounty Hunter and project investors to be more conscientious before joining any project and not to rely on ICO ratings, because scamers are always around us.
April 30, 2020, 02:48:10 PM
before joining the gift of course you need to do some research about the project you want to participate in, especially the experience of the developer, the community in it and also what products they offer to the market. I think every prize hunter or project investor will do the same before taking part in it.
April 30, 2020, 12:50:23 PM
It's all about doing good background research to ensure that the project has a use case that is going to solve a problem in this industry or the real-world. That way you are assured of market demand for the coin if you invest in it. Take a look at the team behind the project and their seriousness too. Every good team provided updates on the development of a project and not the ones that keep you in silence for several months before saying anything.
April 30, 2020, 12:49:16 PM
most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
There are so many scam projects are caught using fake whitepaper, or copy-paste whitepaper, the whitepaper is very important it has all details about the platform and the team composition sometimes included, but there are many factors like the team experience, and how they promote the project to investors is also important.Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
I certainly agree with you. I have encountered different scam projects with fake whitepaper before and it's even hard for some managers to determine if they're handling a legit project sometimes. We only have to be skeptical and do a series of observations and investigations before we join a certain project. Choose a trusted team and a reputable manager so we'll never have regrets in the future. No one deserves to be scammed and it's a good thing that some of us here are spreading awareness on how to get rid of scam projects.
April 30, 2020, 12:33:07 PM
most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
None of the listed above is my preference when it comes to selecting the project to participate in. Although they might serve as points of attraction, they are not enough to make a conclusion
Reading whitepapers is very good. In fact, it gives you insight into the project and makes you be aware of some things that might need more clarity.
Yes, I mentioned the word clarity.
After reading all that is needed to be read, the next thing to do is to go to the project owners and ask them questions. If they are able to provide answers to my questions and the questions asked by others satisfactorily, even though they call their project scam, then I might be satisfied.
A lot of project owners sometimes try to dodge some technical questions, which in my opinion is very important.
April 30, 2020, 12:05:31 PM
The first dont forget to check their team legitimately, they should not hiding with someone else because once they use fake team it means they are untrustworthy at all. Second is, check all documents they had, the roadmap and the whitepaper should have clarification of their motive and then the partnership they had. Much better also if you are participating in their community group so that you will know every update or how active they are.
April 30, 2020, 11:56:00 AM
Please consider the reputation of the project as your first guidance to determine how good the project is. The manager doesn't matter a lot because there was a lot of trusted managers were also being scammed by the scam project that didn't pay them all. Just put the reputation of project above of everything.
April 30, 2020, 11:52:48 AM
There are 1000s of aspects you must need to consider if you escape from fraudulent projects by keep investing into ICOs and new coins/tokens. The better option I do follow is simply avoiding them. Yes, I do not have time to go for my own due diligence and also I am not ready to believe in others recommendations. At the same time, I am a continuous crypto investor.
No wonders, I just invest only with bitcoins and few other highly established altcoins. This way I am eliminating all the risks of crypto investments. Even if you take all your time to find a good project, there will be no guarantee that good project will keep their promises always. Please remember the well-planned scams are around in more numbers nowadays. So, it would be much better just sticking with bitcoin investments.
No wonders, I just invest only with bitcoins and few other highly established altcoins. This way I am eliminating all the risks of crypto investments. Even if you take all your time to find a good project, there will be no guarantee that good project will keep their promises always. Please remember the well-planned scams are around in more numbers nowadays. So, it would be much better just sticking with bitcoin investments.
April 30, 2020, 11:47:03 AM
1. Check their partners and investors. If they have big investors it means project is liable.
2. Check little about project through website and whitepaper. If you don't have technical knowledge then check reviews on Icobench or Icodrops.
3. Check their team members
4. Check if they already have MVP ready. Good projects usually have MVP ready before ICO.
5. Make sure, before you invest, you can manage your financial management correctly and lastly, I hope you don't go crazy just because of crypto.
2. Check little about project through website and whitepaper. If you don't have technical knowledge then check reviews on Icobench or Icodrops.
3. Check their team members
4. Check if they already have MVP ready. Good projects usually have MVP ready before ICO.
5. Make sure, before you invest, you can manage your financial management correctly and lastly, I hope you don't go crazy just because of crypto.
With regards to item 1, do your investigation if the listed partners or investors are legit. If there are linkedin profiles attached to it, try contacting at least one of them, and ask about the true connection to the project. Sometimes they will just post those logos or names without the knowledge of that company or person. Because very few will verify their partnerships, the project usually do such publishing their names or logos just to entire potential investors.
April 30, 2020, 11:43:26 AM
To choose good bounty projects
1. Check if the project is listed and trading with good volume on exchanges
2. Make sure the bounty manager is a good one with good reputation so that you will get paid
3. If the bounty project is not listed on exchange you will need to do more research, make sure the team are real and the project has a very good use case because too many scam projects are showing up in crypto world today
1. Check if the project is listed and trading with good volume on exchanges
2. Make sure the bounty manager is a good one with good reputation so that you will get paid
3. If the bounty project is not listed on exchange you will need to do more research, make sure the team are real and the project has a very good use case because too many scam projects are showing up in crypto world today
April 30, 2020, 11:41:43 AM
It's really hard to find a good project at the moment and not every good project are necessarily profitable while some lightly executed project are able to bring profit to it's investors. Good whitepaper means a good idea but immediate success depends largely on execution. Going after hype projects generally won't disappoint you as many people would be following it closely.
April 30, 2020, 11:38:55 AM
Whether you’re an investor or a bounty hunter it will be difficult to know if the project is real or not. But the most basic thing to do before you invest time or money in certain project is to do a research first. Some instances even if the project is legit you can’t assure that they will succeed, so there’s really no assurance here were all gamblers in the space.
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April 30, 2020, 11:29:22 AM
I know it is very difficult to know when an ICO is a scam or not, but I tell you that there is always a way to find out. First of all, if the team behind the project don't have anything to hide, then they should do weekly Webinar with their investors telling them about how the project works and also answering questions that would be passed on to them, but many ICO in existence this days don't do this because they don't have good intentions in mind and will never want to release their identity for everyone to see.
I know some well known scam project that the team was very active during ICO and even after they become successful. Bitconnect is a very good example for this one. If you follow that lending scam project. The CEO is very active on promotion and it seems legit at first since he do it personally without anything to hide except his intention to run away investors money.
The very cool way to determine the legitimacy of the project is to do background check on the team or if you don't have that skills then make a thread here and drop the project that you want to legit check. There are a lot of clever people here that has a lot of time to deal with that job.
April 30, 2020, 11:28:44 AM
most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
There are so many scam projects are caught using fake whitepaper, or copy-paste whitepaper, the whitepaper is very important it has all details about the platform and the team composition sometimes included, but there are many factors like the team experience, and how they promote the project to investors is also important. Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
April 30, 2020, 11:24:04 AM
most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Those are called the bounties and airdrops. They are not actually gift that they're giving for free, there's a certain task that you must fulfill to become eligible with their tokens.Did you join the gift because it was handled by a famous gift manager,
They are called bounty managers and that's one factor that many bounty hunters are taking into account.most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Or just because it has a high level in several ICO rankings,
Rankings these days can be paid and many are aware of it and don't take it anymore as a good factor to be concerned of. Or just because it has a high level in several ICO rankings,
April 30, 2020, 11:12:39 AM
most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
What do you mean by prize? That's bad english mate, I bet you are talking about bounties, bounties aren't for free, they require your effort and time, to choose the good projects you need to do research on the projects first because many scam projects are available today, just make sure the projects are real and the use case are good enough Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.
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