Topic: How i define scam project? (Read 469 times)
There is not a particular definition for scam but there are several measures to be checked before investing or joining any project, one of them is Team experience , you can check their previous work experience in linkedin, observe their work very deeply and also check their profile must be old, this can prevent you from mazor scam projects but there are still many steps to be checked.
To determine whether a project is fraudulent or not, the best protection against this fraudulent tactic is to thoroughly research the individual team members of a project before I invest and in addition to determining if the development team is real, it is also important to try to see if their qualifications match. Do the founders have the experience they claim and is it relevant to the project they manage.
and many scammers put up fake biographies for their projects and are dominated by big names and also with superstar developers to convince investors so it is necessary to do very detailed research thoroughly on the project to be followed so as not to be deceived.
and many scammers put up fake biographies for their projects and are dominated by big names and also with superstar developers to convince investors so it is necessary to do very detailed research thoroughly on the project to be followed so as not to be deceived.
Yes, before joining a project You must look at the White Papers and see their team LinkedIn profile correctly. You will get some information about the project to some extent. What do people do with this project and what have they done in the past? All in all, it is important to get the right information.
Plagiarism checking of whitepaper will make sure you avoid the scam projects. But this is a difficult thing to do because of lack of such softawre available.Also when you do background check on the team members, make sure to properly do a check on their education background and if possible contact the college or university about their alumni. Many times scammers will make profiles just as placeholders but these are rare on LinkedIn but it never hurts to check.
Before joining any bounty, do good research and assume that you are going to invest in it.
It is better to assume that you will not be getting paid for your work. It is what the reality of the bounty hunting in this forum has been for years now. I am new in crypto sector.
Your account is almost a year old Are you still new 
I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Before joining any bounty, do good research and assume that you are going to invest in it.
Yes, before joining a project You must look at the White Papers and see their team LinkedIn profile correctly. You will get some information about the project to some extent. What do people do with this project and what have they done in the past? All in all, it is important to get the right information.
I am new in crypto sector.
Your account is almost a year old Are you still new I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Before joining any bounty, do good research and assume that you are going to invest in it.
..and as long as you are campaigning for alts project it is inevitable to join a scam project unintentionally.
You said it mate better than anyone.If someone is hoping to become a bounty hunter they should get this statement planted in their brain and that they will be frustrated at the number of projects that end up not paying for reasons whatsoever.
Working for project and then one fine day you wake up to find that it was a scam is a horrible experience. Not to mention the reputation demeaning that happens with it and the only person to blame is yourself.
Still most people dont read these threads and therefore the supply of bounty hunters never end.
Believe it or not, it is very difficult to point out a scam project just out of the box, yes, they may be some red flags that can give a clue if the project had the qualities of a scam or not but most times some scam project will have all the qualities of a great project but in reality it will turned out to be yet another scam project, and as long as you are campaigning for alts project it is inevitable to join a scam project unintentionally.
Yes, this is true and scammers do really make look realistic projects now compared int the past which makes it even more harder to trace or know in early phase and this is why there are lots who do still get victimized and its still continuing even up to these years and its becoming more harder to know and this is why i dont really trust up new projects nowadays.
I have long quitted ICO or bounty hunting because of this matter.Scam project can be mostly be known in the end of the line.
Believe it or not, it is very difficult to point out a scam project just out of the box, yes, they may be some red flags that can give a clue if the project had the qualities of a scam or not but most times some scam project will have all the qualities of a great project but in reality it will turned out to be yet another scam project, and as long as you are campaigning for alts project it is inevitable to join a scam project unintentionally.
Projects are created with many promises but you need to have a calm mind to think deeply. No achievement can be easily gotten so if you check the CV of developer team and see no past impressive record, don't take risk.
Define a scam project?
1. Anonymous team
2. Unrealistic roadmap
3. Copycat ideas
and lots of more and its not hard to determine which one is fake and which one is legit but be careful that there are projects do look good
but do end up on a scam in the end. So you should really do your assignment on making up some in-depth research which it isnt
really time consuming but if you are really serious on your investment then you would definitely do it.
Those are some of the cases that must be considered more important in projects with anonymous teams and should also be suspected at least can be displayed, for me doing this task is very important if any of us want to invest because new projects can not be guessed whether this will success or not will even be a scam as you say it.1. Anonymous team
2. Unrealistic roadmap
3. Copycat ideas
and lots of more and its not hard to determine which one is fake and which one is legit but be careful that there are projects do look good
but do end up on a scam in the end. So you should really do your assignment on making up some in-depth research which it isnt
really time consuming but if you are really serious on your investment then you would definitely do it.
And of course, from all of this, you have to take the risk that sometimes a project that looks good in the end can turn into a scam.
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Do tests with them. I have a habit of forming and applying them to bounty projects which are always messy to go to the website, go to telegram, inquire and use visual evaluation, go to the project's media (twitter, facebook) ) continue to feel, communicate with the admin in the group or even exchange and appraise the role of the campaign manager. The more projects you observe, the more you will realize which projects have a "real" rate of fake, fraud. The more tests you do, the more you value your own labor and reduce the risk to others.Many of us hardly have enough expertise to fully know whether the information in WP is fake or real or copied. So I ignore WP.
Project Hampuz, IrfanPak, and many other managers receive low-rank accounts by participating in social media and articles campaigns.
keep in mind that those managers can't guarantee the payment or the tokens value, especially if the tokens are not escrowed. so don't blindly join any campaign even if the manager is reputable, since some of them might never pay you or the manager itself. 
Define a scam project?
1. Anonymous team
2. Unrealistic roadmap
3. Copycat ideas
and lots of more and its not hard to determine which one is fake and which one is legit but be careful that there are projects do look good
but do end up on a scam in the end. So you should really do your assignment on making up some in-depth research which it isnt
really time consuming but if you are really serious on your investment then you would definitely do it.
1. Anonymous team
2. Unrealistic roadmap
3. Copycat ideas
and lots of more and its not hard to determine which one is fake and which one is legit but be careful that there are projects do look good
but do end up on a scam in the end. So you should really do your assignment on making up some in-depth research which it isnt
really time consuming but if you are really serious on your investment then you would definitely do it.
Not necessary,,, I see community members as two distinct people.
Token buyers and Users.
I get your point. But I still dont agree that the two groups of members are mutually exclusive. There will be overlapping because everyone had to "buy-in" to get a portion of the tokens - the similarity with equity comes from this. But they dont have any legal control over the project - the dissimilarity with equity comes here.Token buyers and Users.
Well there are some projects that have well written whitepaper but still end up scam, Always check team members if its legit or real person. Most of the time a project with real team will have less chance of scam.
That well written whitepaper may very well be copy pasted from another project. So checking that is always going to be a proper method to determine scam or not.Team members true, but advisors are the ones who need to be contacted personally on linkedin and so. Create an account on linkedin if you are serious about it and check their accounts, PM them about the project and their thoughts on in.
Sometimes you might find a surprised reply that they never heard of the project till date and they were using the advisors name on their site without permission.
another sign of a scam.Also check the "phone number" and "address" usually posted in the footer. Recently I cam across a group of websites which were MLM scams and were using different domain names but the same phone number on all the sites.
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
actually when it comes most airdrop and bounties you really need a patience mate because it takes too long sometimes before they distribute the rewards for every participants. Of course yes there's a message from them that after the campaign and etc they will give those rewards but you know mate there are factors that really caused delays for the distribution and you need to understand it.. Perhaps if you use to update them through telegram just to have information for sure you have peace of mind, because in fact that's commom now when it comes to projects wherein they always provide telegram chat for all participants.. 
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Check project team and Whitepaper these are plagiarized or Original. If thous are Orginal then check project Roadmap, project Feature. Check that they are able to work according to their roadmap or not. This is the first step in verifying the project.
The only way to know if the project is scam is through an extensive research. Check the website, whitpaper, roadmap and the team. Having a transparent team using their real names and backgrounds are much better because its an indication that they're genuine. There must be a working product that solve real problem, in short the coin must have utility.
Since you already have experience on bounties and airdrop probably you already have an idea of what likely a scam project is. High rewards or a too good to be true offer are also shady.
Since you already have experience on bounties and airdrop probably you already have an idea of what likely a scam project is. High rewards or a too good to be true offer are also shady.
The most frequently used way to identify a scam project is to look at the developer team, track record, scale of their business, any documentation material related such Whitepaper, Roadmap, Website etc. but sometimes projects with good plans and preparations also still had possibilty to be completely faild or abandoned. and end up with completely fails. I prefer to choose some project that already running and is in a position that many people are interested in.
This would make most companies still operating in the crypto sector scams.
1. Anonymous teams more majority than others. Track record impossible to look at because you don't know who they are.
2. Scale? Everyone started from zero. Bitcoin scale was 2 people sending each other bitcoin.
3. Documentation? Defi projects now don't even do a whitepaper.
I agree, look into these things but having them all and being impressive about it costs a few thousand dollars on fiverr:)
If you really want to build anything positive out of bounties, you need to go through white paper before joining. See their tokenemics, Road map and the project team. Think that they have real solutions for a real-world problems. Always check articles related to the subject. Compare with competitors.
Well there are some projects that have well written whitepaper but still end up scam, Always check team members if its legit or real person. Most of the time a project with real team will have less chance of scam.
If you really want to build anything positive out of bounties, you need to go through white paper before joining. See their tokenemics, Road map and the project team. Think that they have real solutions for a real-world problems. Always check articles related to the subject. Compare with competitors.
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