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Topic: How to avoid a scam project? - page 10. (Read 2362 times)

full member
Activity: 1050
Merit: 100
Vave.com
May 14, 2023, 02:43:20 PM
Its a very hard and lengthy process to find out the purity of a project..you need to read the whole whitepaper to understand them and check if its plagiarism or not. Then check out team members, are they real? Imagine search them on Google as well as analysis their profile, check out their purpose and their social media  if they are using fake followers or not. And so many things you should have to notice to find them out
For fakeing social followers then we can find out easily but it is very different knowledge for token sales statement. There has many good project where to scam after end successful token sales. So one think if a project make confirm listing exchange then we can buy. But never late to sold out because any situation they can make scam.
legendary
Activity: 2464
Merit: 1145
FOCUS
May 14, 2023, 07:26:56 AM
If you have frequently reviewed the activities on each project it will be easy to identify scams from new projects, their project scheme will always be the same and only replace the new project name and slogan to attract novice investors, so always check the project so it will be easy to recognize good projects and scam projects, both will surely differ even though scammers have the skills to make web appearance, whitetaper and etc look real but no scam is perfect.
Exactly, we can easily find out the characteristics of scam projects and for simple research then you can review bounty projects, if we can conclude potential projects and scam projects with simple research, the simplest feature is that they don't provide telegram or discord conversation services to avoid questions from members and investors, avoid scam projects by conducting detailed reviews for project/bounty analysis.
How is bounty campaigns helps to conclude that a project is a scam? Having a bounty project doesn't mean the project is indeed a scam or a legit project. I believe that there little to zero project that don't have a communication platform that they are using at the least. It's an untold mandatory thing to connect with your community by having a channel that you can talk to, Even scammers create one themselves because it is how they persuade their community on investing into them. There are various kind of research to do in a project and I believe that relying to the existence of their telegram or discord won't do a thing.
sr. member
Activity: 811
Merit: 250
May 13, 2023, 05:01:08 PM
If you have frequently reviewed the activities on each project it will be easy to identify scams from new projects, their project scheme will always be the same and only replace the new project name and slogan to attract novice investors, so always check the project so it will be easy to recognize good projects and scam projects, both will surely differ even though scammers have the skills to make web appearance, whitetaper and etc look real but no scam is perfect.
Exactly, we can easily find out the characteristics of scam projects and for simple research then you can review bounty projects, if we can conclude potential projects and scam projects with simple research, the simplest feature is that they don't provide telegram or discord conversation services to avoid questions from members and investors, avoid scam projects by conducting detailed reviews for project/bounty analysis.
sr. member
Activity: 446
Merit: 250
May 13, 2023, 04:38:58 PM
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Scam projects have been around for a long time and it's very difficult to know beforehand because they do everything carefully from the initial step to the final step so that no one can detect it and after they get profits from investors, they leave the project and create a new project.. So in my opinion, to avoid project scams, we have to do research by gathering various information about projects that will be launched, such as teams, whitepapers, websites and also programs that they will run in the future. if their project is a scam we will definitely find mistakes in it.
If you have frequently reviewed the activities on each project it will be easy to identify scams from new projects, their project scheme will always be the same and only replace the new project name and slogan to attract novice investors, so always check the project so it will be easy to recognize good projects and scam projects, both will surely differ even though scammers have the skills to make web appearance, whitetaper and etc look real but no scam is perfect.
full member
Activity: 753
Merit: 100
Play Bitcoin PVP Prediction Game
May 13, 2023, 03:40:14 PM
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Scam projects have been around for a long time and it's very difficult to know beforehand because they do everything carefully from the initial step to the final step so that no one can detect it and after they get profits from investors, they leave the project and create a new project.. So in my opinion, to avoid project scams, we have to do research by gathering various information about projects that will be launched, such as teams, whitepapers, websites and also programs that they will run in the future. if their project is a scam we will definitely find mistakes in it.
member
Activity: 378
Merit: 44
May 13, 2023, 02:53:04 PM
The only way to get avoid a scam project is to make good research about it,like reading the whitepaper, Team,Audit and much more. This can help one to avoid some of the scam projects he/she will come across.
Yes, now it may not help, because today scam projects are very well camouflaged and practically deceive, in order not to get caught on a scam project, it is worth checking the project very well on all available sites, be sure to check the team, this also affects the project, here are the main stages checks on the scam project, only after this you can participate or contribute to the project
jr. member
Activity: 1652
Merit: 3
May 13, 2023, 10:15:16 AM
The only way to get avoid a scam project is to make good research about it,like reading the whitepaper, Team,Audit and much more. This can help one to avoid some of the scam projects he/she will come across.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
May 13, 2023, 09:39:13 AM
I completely agree with you. Due to the decentralized nature of the blockchain, there is a huge potential for new and innovative projects to emerge. However, this also means that it can be difficult to distinguish between legitimate projects and scams. It's important for us to do our due diligence before investing in any project, by researching the team, reading the whitepaper, checking the community's opinions, and looking at the project's roadmap. Having open discussions about our experiences with different projects can also help us learn from each other and make more informed decisions.
hero member
Activity: 2744
Merit: 517
★Bitvest.io★ Play Plinko or Invest!
May 13, 2023, 08:29:04 AM
I don't think its that hard to avoid scam projects anymore. There are companies like Certik nowadays that can assure you. Also community is very active now. You can find hundred people to check on Twitter or Bitcointalk forums if altcoin you invested in is scam or not. Also, you can look for developers always. Current internet allows you to find their background lot more easily compared to past. You may also wait for a coin to hit better/bigger exchange like Binance.
isn't certik is quite literally just smart contract audit, if the smart contract is fine doesn't mean its not gonna do some trick, there are many ways a smart contract could get rugpulled, and usually most of new coin aren't really being reviewed by certik but that just my 2 cents though.
But it was very unfortunate to see that still many investors had fallen into this trick which in fact, we have many sources that would help us to determine if that project has the potential or is just a scam thing. I'd never see the market go wrong but it was us (investor) are blind not to see and that is probably because of promising words from the developers and of course, our greediness. Nothing could withstand with this if we are already been control by our emotions and greed.
MiF
sr. member
Activity: 1344
Merit: 258
May 13, 2023, 02:08:27 AM
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
Scam projects are lack of transparency team will used different identity to scam other people, there are also projects that is really good at start and turn into rug pull projects it can also make investors loss thier money, for me the best way to know legit project is to search the team behind it and if the team has a good experience with a past successful project then it is good. The risk of investing in crypto is always there we can also avoid scam if we invest in btc and ethereum this coin is proven so it will never turn into scam.
member
Activity: 966
Merit: 25
Ton Together | Save Smart & Win Big
May 13, 2023, 12:09:35 AM
God I really don't know about this; based on my experiences, even after analyzing their whitepaper and checking everything that must be checked, they can still scam or rugpull. Even big projects that are able to gather large funds can be scams. They're so good at tricking people. But I think one thing that could really make me believe in investing is continuous development. They make sure the community is informed, they stick to the road map schedule, and they are not negligent. If they have a real product to offer instead of just a concept before gathering funds, then it will be better.
member
Activity: 391
Merit: 13
Sugars.zone | DatingFi - Earn for Posting
May 12, 2023, 11:57:04 PM
If I have to answer this actually requires a complex analysis or a long explanation. But in short, first visit the website and explore (DYOR). Don't forget to follow Telegram, Twitter or other media accounts like Linkedin, or medium. Make sure you always follow the development of the project. It's that simple. Don't believe too much in the lure of big profits in Presale.

For example of a scam project case: sometimes a new project is launched a week, suddenly it goes straight to presale with the promise of listing this month with multiple profits. Now, this doesn't make any sense. There are lots of scammer tricks out there to commit crimes. So, make sure you research yourself regarding this.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
May 10, 2023, 06:56:15 PM
I don't think its that hard to avoid scam projects anymore. There are companies like Certik nowadays that can assure you. Also community is very active now. You can find hundred people to check on Twitter or Bitcointalk forums if altcoin you invested in is scam or not. Also, you can look for developers always. Current internet allows you to find their background lot more easily compared to past. You may also wait for a coin to hit better/bigger exchange like Binance.
isn't certik is quite literally just smart contract audit, if the smart contract is fine doesn't mean its not gonna do some trick, there are many ways a smart contract could get rugpulled, and usually most of new coin aren't really being reviewed by certik but that just my 2 cents though.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
May 10, 2023, 06:35:38 PM
never just follow from some random project, there are many projects that are being released through reputed platform one of them is through binance IEO i see no reason investing into some random project, moreover the IEO that was held in reputed platform are also having higher rate of success, but there are sometime indeed some good project without IEO that could gain massive success.
legendary
Activity: 2394
Merit: 1358
May 10, 2023, 01:00:46 PM
I don't think its that hard to avoid scam projects anymore. There are companies like Certik nowadays that can assure you. Also community is very active now. You can find hundred people to check on Twitter or Bitcointalk forums if altcoin you invested in is scam or not. Also, you can look for developers always. Current internet allows you to find their background lot more easily compared to past. You may also wait for a coin to hit better/bigger exchange like Binance.
member
Activity: 517
Merit: 12
May 10, 2023, 12:48:24 PM
I have stopped following airdrop, accept the once that is directly from exchange platform and has a rest of mind for the rewards been distributed after doing the necessary tasks giving, because most of them has been already deposited to the exchange, as well to distribute to individual account, base on the calculated rewards giving by participate.
full member
Activity: 1414
Merit: 101
May 10, 2023, 06:31:35 AM
I once joined the Volare project, after the token distribution they sent mini Volare tokens and had to be exchanged for Volare coins to be traded, what I want to ask is whether a project like this is a scam project?
jr. member
Activity: 840
Merit: 6
May 09, 2023, 09:23:33 PM
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
You know a project isn't a scam if it has been around for several years now. Also, a project can't be a scam if it is mineable and there are no team tokens to dump on the market. 0xMR is a project like this, so is RVN. Also, you won't get scammed if you do bounty tasks for free tokens. Q Blockchain and Mantle L2 are paying out on zealy io.
full member
Activity: 338
Merit: 102
May 08, 2023, 08:16:29 PM
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
Sometimes we cannot avoid new projects there's a lot of people making projects everyday as we can see some are scam some are real. Maybe choose and search more before you can join in that project. People using their projects to scam people and I think it's hard to avoid it especially if they are not the only one who do that.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
May 08, 2023, 06:19:36 PM
it is very difficult to answer this question because scam projects and failed projects are different.
but just try to play in the telegram group and try to ask about something you suspect or something you don't understand about the project. if you get an answer and you think it makes sense it means the chances of scam are getting smaller, but if you get an answer that doesn't make sense or even you don't get an answer and you have doubts you should leave the project.
I just want to clarify you that some of the things that is in telegram majority of them is owned by a scammer and if I happen to get any good response from telegram group don't depend on it thinking that it is a rightful information it is not it is a strategy scammers use in order to drive you close to be able to scam you so let us by I know the functions of scammer

Many scammers run around in telegram honestly and this is why we should keep our awareness from scammers, judging by an admin answer won't determine its a scam project or not since I met many projects that have a great admin and moderator but end up scams in few months. Right now it's really hard to find a good project many scam projects are developing an exit way to deceive investors and then they will scam their investors.
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