Topic: How to avoid a scam project? - page 6. (Read 2485 times)
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.
We should all start using features like smart contract scanners and auditors. By using them, we can understand if the contract is corrupted. Those come in handy for identifying scams
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.
To be able to avoid scam projects you need to do your own research and think carefully before investing in any project. You need to consider some things to be able to avoid scam project. You need to check on the white paper and read it carefully and make sure it is well written and it makes sense. Check as well the project's roadmap it must be clear and it has milestones. If the roadmap is unrealistic then you should doubt about the project. Check also the background of the project team members if they involved in scam or they are involved in a successful project. Consider also the community support they are receiving from the investors. Do not just believe in a project who seems to good to be true and promises a high returns with little risk.
by doing research does not mean it is a guarantee of avoiding scam projects,
at least by doing that it can minimize.
Basing up on experience there are legit looking projects did turns out to be scam in the end and there are projects who do look gibberish but did becomes so valuable on which this is one of the hardest thing for you to be
able to point or predict out in speaking of project potential which turns out to be reversed and this is why there are people who do rush on considering on dealing with shitty looking projects and taking up such step or risks
since they do have seen the probabilities.
The most important that thing that you would do is to make yourself that make use of your own common sense and make your own research always.Try to verify out every information and trying out to
seek or search for some red flags for you to be able to avoid while its still early.If you dont make yourself that wary then you are really that prone into lots of possible errors.
Op you need some correction, in opinion. new project launch daily but a few project can successful and most of projects come to scam people sooner or later. My suggestion is, always Google and find info about them as much as can and dyor deeply. But for newbies, simple solution is to avoid new project to avoid being scammed. I believe new projects are for crypto experts only as scammers are everywhere
And what needs to be emphasized here is that a failed project doesn't mean it's a scam because the team might have tried, but the market response when listing didn't match the expectations of the team and the community. and in my opinion searching for information about a crypto project on Google is not the right thing to do because not all information about crypto projects can be found on Google. 
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
I'm sorry for you, and I hope you can get more results from your efforts, of course you don't give up even though you have been hit by scammers,
and in my opinion we can avoid scammers by analyzing these altcoins,
and if you take part in the airdrop of course you have to really understand the risks because now there are so many airdrops that redirect to our wallet.
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
To avoid project scams, of course, we can only overcome them by analyzing the altcoin project,
such as by means of fundamental analysis by looking at communities, social media, white papers and even websites,
if the fundamentals are said to be good then the next step is to analyze technically.
Op you need some correction, in opinion. new project launch daily but a few project can successful and most of projects come to scam people sooner or later. My suggestion is, always Google and find info about them as much as can and dyor deeply. But for newbies, simple solution is to avoid new project to avoid being scammed. I believe new projects are for crypto experts only as scammers are everywhere
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.
To be able to avoid scam projects you need to do your own research and think carefully before investing in any project. You need to consider some things to be able to avoid scam project. You need to check on the white paper and read it carefully and make sure it is well written and it makes sense. Check as well the project's roadmap it must be clear and it has milestones. If the roadmap is unrealistic then you should doubt about the project. Check also the background of the project team members if they involved in scam or they are involved in a successful project. Consider also the community support they are receiving from the investors. Do not just believe in a project who seems to good to be true and promises a high returns with little risk.
by doing research does not mean it is a guarantee of avoiding scam projects,
at least by doing that it can minimize.
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.
To be able to avoid scam projects you need to do your own research and think carefully before investing in any project. You need to consider some things to be able to avoid scam project. You need to check on the white paper and read it carefully and make sure it is well written and it makes sense. Check as well the project's roadmap it must be clear and it has milestones. If the roadmap is unrealistic then you should doubt about the project. Check also the background of the project team members if they involved in scam or they are involved in a successful project. Consider also the community support they are receiving from the investors. Do not just believe in a project who seems to good to be true and promises a high returns with little risk.
To avoid a scam project, you have to analyze fundamentally, because technically, of course it won't work.
Good fundamental analysis is by analyzing the team of the project, reading the whitepaper, and seeing whether the community of the project is active or passive,
if it is active then the project can be said to be good because the team and community have well communicate.
those projects that usually getting partnership with big venture capital and even held their presale through the service of some big exchanges are usually will thrive.
it's quite different with the other project that just doing everything by themselves since its exposes much more hole for them to exploit.
I think whats important is partnership since usually before partnership formed. they've looked thorougly towards the project themselves.
One more piece of advice Invest in Bitcoin. Even though the price seems expensive, this can be a safe and secure choice.
Being in bitcoin for now is still very worth it to do talking about prices maybe compared to altcoins it is still very far from the difference but when talking about comparisons in terms of risk bitcoin is very much more worth it than altcoin.
The key approach to avoid a scam project is to research on the project intention - Are they more interested in solving problem for the community, or did they simply jump into ICO, IDO? Find out about the team behind the project? Are they real people with work experience? Have they done crypto projects in the past? and how succesful were they? Check the website - is the website with many typographical errors? etc. Carrying out proper research is the best way to avoid scam projects. It is good if you can make check list to guide you on what to look out for.
To avoid a scam project, you have to analyze fundamentally, because technically, of course it won't work.
Good fundamental analysis is by analyzing the team of the project, reading the whitepaper, and seeing whether the community of the project is active or passive,
if it is active then the project can be said to be good because the team and community have well communicate.
To be able to avoid a scam project we need to research the project and its team thoroughly. Research for the information about the project's goals, team members and also the track records. Check as well for the red flags such as promises of high returns with a little effort, lack of transparency or pressure to invest quickly. Look for independent reviews and feedback from other investors. Be aware of unsolicited offers from people claiming to be from the project team. Consider the projects legal status and whether it is registered with relevant regulatory body. Also do not invest more than you can afford to lose. By following those tips you can be able to avoid scam projects.
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.
First, check their website and the whitepaper. Then check the social media presence. If they asked to buy an NFT or something, do not interact with it. Always focus on coins rather than tokens. Because there is a higher probability to scam the token projects.
If you want to invest in altcoins, I will try to provide several ways to minimize the risk of investing in fraudulent projects. First, look for projects that have been around for a long time and have a solid track record. Second, check if the project is keeping up with upcoming altcoin trends and is listed on popular centralized exchanges. that way it was born and there was a level of trust and legitimacy associated with the project.
One more piece of advice Invest in Bitcoin. Even though the price seems expensive, this can be a safe and secure choice.
One more piece of advice Invest in Bitcoin. Even though the price seems expensive, this can be a safe and secure choice.
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.
Yes, today there are a lot of scam projects and it’s difficult not to fall for their bait, so as not to get into such a scam company and not invest your money in a scam project, then it’s better to check everything on this project, the team, on crypto sites, if everything is OK can invest in this project
If you have no knowledge about crypto market then you couldn’t identity good or scam project. So that's first you should learned about crypto more then you can understand early which project will be profitable. Maybe this time need to avoid new project and waiting for green market.
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?
you can not identify a project without deep research:-firstly, you have to check project team members, i see in the scam projects they include fake/edited photos from google. it is very important to detect scam/fake projects.
then you should check their whitepaper (in fake project most possibility to it's copy/paste), then their roadmap.
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