I think,There are different ways of knowing scam projects which include monitoring the project team from the start till the end because so many projects are coming with lies and plagiarised white papers just to attract investors.
Before investing in any crypto project, you should make sure you make good research about the project so that you will not fall victim of scam projects.
Topic: How to avoid a scam project? - page 5. (Read 2460 times)
You don't need to be in many projects. You just need a few good project and you're good.
Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things.of course they would definitely get scammed eventually one day.
had they followed only project that is being sponsored by some big company like binance they'd be fine, they could be investing thousand times in a month and their investment will mostly still retains their value even though sometimes the value is going down.
thats simply the key here that many seem to just ignore, just stick with project sponsored by big company.
You don't need to be in many projects. You just need a few good project and you're good.
Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things.of course they would definitely get scammed eventually one day.
had they followed only project that is being sponsored by some big company like binance they'd be fine, they could be investing thousand times in a month and their investment will mostly still retains their value even though sometimes the value is going down.
thats simply the key here that many seem to just ignore, just stick with project sponsored by big company.
You don't need to be in many projects. You just need a few good project and you're good.
Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things. 
The only possible way to avoid scam project or being scammed in any other way is not to make any investment and be silent in the Internet about having cryptocurrency. Simply doing nothing is the best way to avoid having troubles.
User can make hundreds of researches, check every bit of information about the project, yet there is still a possibility he would be scammed. He might even be scammed indirectly. The project user have invested might be hacked and all the funds project raised will be lost. For user, that will be a same loss of funds. User will never get the truth behind actions of a project, and will mark this project as a scam, even if the project is legit. Crypto mostly is about making a risky move. Risk is always connected with scam. How to avoid scam ? Be a lucky person.
User can make hundreds of researches, check every bit of information about the project, yet there is still a possibility he would be scammed. He might even be scammed indirectly. The project user have invested might be hacked and all the funds project raised will be lost. For user, that will be a same loss of funds. User will never get the truth behind actions of a project, and will mark this project as a scam, even if the project is legit. Crypto mostly is about making a risky move. Risk is always connected with scam. How to avoid scam ? Be a lucky person.
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 don't need to be in many projects. You just need a few good project and you're good. How to select those few... There are many ways to achieve that. As many of my friends explained here that you have to look for what it want to achieve. Is it something valuable or just to take your money away. Most important is the team behind it. Do they have history of something good then you can research it more and look for other factors.
Besides these the narrative atm matters a lot. Because if it favors the project it can go wild but if not then even the project is good it might not do well. So You gotta consider a lot while doing research. So when you will be on the way of doing things, the best you can learn is that time. Keep hustling.
an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).
a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.
Its simple to repeat the prevailing wisdom. breaking new ground is more challenging. While I agree that it is prudent to exercise caution in a volatile market, it is a limited viewpoint to write off new initiatives completely since some of them turned out to be frauds. True investors evaluate possibilities rather than getting caught up in the security of the known. Take a deep breath, question the norm, and then make a choice
an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).
a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.
Scams continue to appear because always people want to earn more to have more projects and scams always offer the opportunity to earn more. They suggest a conditions that are so good to be true.
an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).
a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.
first you need to see tokenomics from project, and if the project doing crowdfunding, sometimes real project asking kyc to user participant
some of binance launchpad is safe but hardly to participate to much gain attention, the easyway to participate without speending money, was using bounty
nowadays to participate in the sale of tokens thats truly legit and already having been reviewed thoroughly by some big company like binance which you know the reliability of the company itself in term of reputation surelysome of binance launchpad is safe but hardly to participate to much gain attention, the easyway to participate without speending money, was using bounty
they'd take it seriously when they took those project sale of token under their wings, is through various means but most of them are just subscribing through the sale with the binance in your arsenal.
the thing is that, there are some other way to participate is through getting whitelisting from the project itself, through the means of doing either bounty or just fulfilling the qualifications made by the devs themselves which sometimes prove to be either difficult or not difficult at all but somewhat obscure qualification since usually its not revealed by the devs until the day that they choose to make some announcement.
an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).
first you need to see tokenomics from project, and if the project doing crowdfunding, sometimes real project asking kyc to user participant
some of binance launchpad is safe but hardly to participate to much gain attention, the easyway to participate without speending money, was using bounty
some of binance launchpad is safe but hardly to participate to much gain attention, the easyway to participate without speending money, was using bounty
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.
Many new project launching everyday. Sone are doing well and some are scam. But now a days scam project are maximum. Scam project founding is very difficult but it is possible. Because If we follow some things then we will understand this project is good or scam. At first we have to know about project manager then, Partnership, mission, vision, team etc. If we follow this we will gaze how will that project.
If you will a inactive project then you can understand this project is pure scam. On the other hand they always spread lies and they are very poor in terms of development activities. When they don't have investors the price of their token drops and the absolute volume is depleted.
Take the time to research the project thoroughly. Look into the team behind the project, their background, experience, and credibility. Scammers often use fake profiles, so verify the team's authenticity.
We should examine their motto and determine whether the project team is anonymous. It's important to also assess their activity on social media platforms, including checking their presence and engagement. Additionally, it's advisable to evaluate the size of their social media community. Some projects may have minimal social media activity and lack engagement from their marketing team. It's essential to review the project's roadmap to see if they are actively implementing it. Furthermore, their plans for listing should be considered if they mention listing on tier 3 exchanges, it might be prudent to steer clear. Listing on such exchanges can potentially harm the project due to reduced liquidity, leading to a significant drop in price.
Look at the products of the project, that what they are really trying to achieve and on what basis their work is ongoing. Look at their partnerships with the top projects. And mostly you should look at the backed by system, that which project has invested in that projects. This could help you.
Just like so product can be found on website it does not mean that it is real project ,that it is just another scam. You should take a look on project roadmaps , whitepappers and other realisations that they believe they can achieve. But today it is risky because when you know all that and it seems its true that it is not scam something suddenly goes wrong and like there is no back your money or your time you put in project. Good luck really. 
for not scam project maybe bases on real project. this mean we need trust project by seek the progress on roadmaps or news keep alive. so far. pin point to they start project and after start project. result is end. if they keep news and progress track mean the project safe. make sure see team is real ok. that my assumption since many dev make bad today too much see the dream of day cause too big risk. Well we see what next become new project with system new bases.
The scam project can not be avoided successfully now because it created by clever people – hackers. Yesterday I lost my stablecoin from Matic and BSC. It was a project for claiming free NFT. I noticed late that there is a switch between wallets. I managed to turn it off before connecting to the Ethereum Mainnet
Yes, they know many steps in future how to fool somebody. I lost altcoins in BSC and ETH. They dont even got from me private key.. I dont want to pay some people on Twitter for recover funds i just move to next step and putting all my coins in exchanges. What do you think?
If you are using Telegram and got some projects interesting for you and suddenly you got a call from somebody with same name like admin in that group telling you that you go to other group also telling you that group you are in is scam is a scammer guy,be aware.
Many scam project dont have stable websites. Updates every time with some details that in first look is not predictible,be careful you can lose a lot money.
That is my experience.
Many scam project dont have stable websites. Updates every time with some details that in first look is not predictible,be careful you can lose a lot money.
That is my experience.
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