How to avoid a scam project? - page 7.

Doan9269

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Quote from: SlimShadyMmp on June 29, 2023, 05:18:32 PM

I usually wait for the token launch then maybe give it all the room for their hype and then the boring phase Most scam project usually after the pump and hypes disappear while the good project takes its time to gain trust of its community and grow Usually you start buying when coins are dumping and there is a little doubt among investors If you trust the project then buy all the lows

Actually there's more advantage in going for a project prelaunch sales in other to maximize more return on investment but it also have higher risk because some will only use that avenue to scam investors and run away, but when we are very good at doing research on these projects, we will know the good ones from the bad and how to identify one when we come across them before making an investment.

nyashenka

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There is only one way to avoid scam projects is to not to trust scam projects and check all the information several times. It is better not to invest in the projects that offer too big and unreal profit. But usually people like such projects and invest in them. Nobody will pay you too big profit.

smile1218

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Quote from: FireDAO CY on April 26, 2023, 02:55:32 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.

To be able to avoid and identify scam projects, it is important to do thorough research and exercise caution before investing time and money into any project. Look into the background of the project and its team members. Check if they have a history of successful projects or if there are any red flags. A legitimate project should have a clear roadmap outlining its goals and milestones. If there is no clear road map it may be a red flag. Check on the whitepaper of the project. If there is no whitepaper or it seems incomplete it maybe a sign of a scam. Check for social media channels, forums and other places where the community is engaged. Beware of promises of high returns. Always do your own research to avoid scam projects.

Inspiron14

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Quote from: lobo13hf on June 29, 2023, 06:05:00 PM

Quote from: blackened515 on June 06, 2023, 05:12:47 AM

Quote from: kevinzxz on June 06, 2023, 03:08:04 AM

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

I've fallen victim of several scammed projects, but giving up is not option, standing back to my heel. Avoiding scammed project is easy, just exercise patience and a thorough research on the project. However there are countless scammed projects out there, we apply caution when investing, any project that doesn't have a solid road map or reasonable trading volume should be consider red flag in the market, but the desperate and greedy traders will always fall victims, simply because they want all the profits for themselves.

don't forget the fact that scam projects always offer tremendous returns for the sake of getting attention from all those greedy people.
because the devs know that they will never deliver thats why their promise are so big.

Right because it became an attraction that could be said to be quite working and was definitely targeting those greedy people,
if experienced people when they know like that then they will avoid it,
don't forget that scam projects also have many ways, so we still need to be careful.

lobo13hf

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Quote from: blackened515 on June 06, 2023, 05:12:47 AM

Quote from: kevinzxz on June 06, 2023, 03:08:04 AM

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

I've fallen victim of several scammed projects, but giving up is not option, standing back to my heel. Avoiding scammed project is easy, just exercise patience and a thorough research on the project. However there are countless scammed projects out there, we apply caution when investing, any project that doesn't have a solid road map or reasonable trading volume should be consider red flag in the market, but the desperate and greedy traders will always fall victims, simply because they want all the profits for themselves.

don't forget the fact that scam projects always offer tremendous returns for the sake of getting attention from all those greedy people.
because the devs know that they will never deliver thats why their promise are so big.

SlimShadyMmp

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COMBO 2.0

I usually wait for the token launch then maybe give it all the room for their hype and then the boring phase Most scam project usually after the pump and hypes disappear while the good project takes its time to gain trust of its community and grow Usually you start buying when coins are dumping and there is a little doubt among investors If you trust the project then buy all the lows

kawetsriyanto

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duelbits.com

Quote from: Ngemmeng on June 06, 2023, 06:46:31 AM

I think it's not a matter of trust in ICOs but trust in new projects is dropping. we can see many types of token sale like IEO IDO failed, not because investors don't trust this kind of sale system but don't believe in the quality of new projects nowadays. nowadays more and more new projects are popping up but most of them fail because they are not able to compete or because the team is concerned with personal interests.

TBH, it is difficult to trust ICO anymore because there were too many ICO scams. I prefer to invest in a new coin that provide its IEO in big exchanges. Sure, there is no guarantee for the success of a new project with IEO or IDO, but it is better than ICO projects. However, we shouldn't focus on the way the project to provide their public sales, the fundamentals of the project is the main point to be checked. Although they hold IEO, it has a big chance to be failed if the project has a weak fundamental and inexperienced teams.

$crypto$

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Quote from: Smitty Werben Man Jensen on June 06, 2023, 03:31:39 AM

Quote from: FireDAO CY on April 26, 2023, 02:55:32 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.

To avoid fraudulent projects is quite easy, it's just that we always forget about it,
the way is to analyze the website, linkedin, github, social media, and the project community,

if everything is good then you can invest on there project,
for example, the team profile is connected to linkedin, github is active, the community runs two directions, and social media is always updated,
so I'm sure the project is also going well.

Actually, things like that can still be done if you have enough free time to research things like that, but I personally prefer things that are easier than that, namely by not looking at new projects where the probability of fraud is very large.
Even though I am quite aware that in this case new projects are not all bad but can be felt, on average they are something that does lead to fraud so with my limited time and I also don't want to waste time just to be in front of the computer constantly checking and researching the erratic ones so in this case I'd rather not touch them in the slightest.
The risk is that maybe we will be left behind with a good new project there, but on the other hand this is also quite worth it because we don't have to worry about being scammed in a new project.

Ngemmeng

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Quote from: capedbaldy on May 31, 2023, 01:48:10 PM

Quote from: Bolivar_Tony on May 31, 2023, 03:58:56 AM

This is one of the most discussed topic in this platform or rather this section, it is kinda easy to avoid scam project, Most scam project come with faceless people, promising huge profit and returns, And for me one of the ways I identify good project is by looking at their lead investors, If they have popular lead investors in the project and it's a go for me, though it's not a guaranty because anything can still happen.

I often find some of the main investors in ICO projects in the past but because of the high ICO hype, many ICO prices reach 10x profits, but now we rarely see the main investors in new projects and they are already anticipating investing in new projects, many new investors in new projects on launchpad binance because of the guaranteed profit after the token is registered on the trade, at least above reach 20x profit from the capital

I think it's not a matter of trust in ICOs but trust in new projects is dropping. we can see many types of token sale like IEO IDO failed, not because investors don't trust this kind of sale system but don't believe in the quality of new projects nowadays. nowadays more and more new projects are popping up but most of them fail because they are not able to compete or because the team is concerned with personal interests.

blackened515

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Quote from: kevinzxz on June 06, 2023, 03:08:04 AM

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

I've fallen victim of several scammed projects, but giving up is not option, standing back to my heel. Avoiding scammed project is easy, just exercise patience and a thorough research on the project. However there are countless scammed projects out there, we apply caution when investing, any project that doesn't have a solid road map or reasonable trading volume should be consider red flag in the market, but the desperate and greedy traders will always fall victims, simply because they want all the profits for themselves.

Smitty Werben Man Jensen

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COMBONetwork

Quote from: FireDAO CY on April 26, 2023, 02:55:32 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.

To avoid fraudulent projects is quite easy, it's just that we always forget about it,
the way is to analyze the website, linkedin, github, social media, and the project community,

if everything is good then you can invest on there project,
for example, the team profile is connected to linkedin, github is active, the community runs two directions, and social media is always updated,
so I'm sure the project is also going well.

kevinzxz

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👉bit.ly/3QXp3oh |🔥Launchpad on TON

Quote from: FireDAO CY on April 26, 2023, 02:55:32 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.

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

AakZaki

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zknodes.org

Quote from: JeffBrad12 on May 30, 2023, 07:27:52 PM

that's true that's why it's just somewhat advised to just follow some project that have went under thorough investigation made by some famous company out there.
one way to know is through following IEO in which the project are all carefully selected by the company like the one launching in binance or maybe kucoin. that's only very few company i listed.

after all even with all the analysis if it's done by some individual like us, there are most certainly something that's being concealed, but if it's these big companies which have a team of expert looking out for the project.
then it could be sure that the project itself is under really diligent inspection and the chance of turning out to be scam is slim.

IEO is sometimes not so guaranteed if it's only held on CEX which is less popular, but if it's done on CEX Binance there might still be a lot of interest. But of course there will be a lot of competition. Who has more assets then he will have more and more allocations.
Several times I participated in IEO on Binance and of course only a few I got because of the limited BNB that I hold.

capedbaldy

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DGbet.fun - Crypto Sportsbook

Quote from: Bolivar_Tony on May 31, 2023, 03:58:56 AM

This is one of the most discussed topic in this platform or rather this section, it is kinda easy to avoid scam project, Most scam project come with faceless people, promising huge profit and returns, And for me one of the ways I identify good project is by looking at their lead investors, If they have popular lead investors in the project and it's a go for me, though it's not a guaranty because anything can still happen.

I often find some of the main investors in ICO projects in the past but because of the high ICO hype, many ICO prices reach 10x profits, but now we rarely see the main investors in new projects and they are already anticipating investing in new projects, many new investors in new projects on launchpad binance because of the guaranteed profit after the token is registered on the trade, at least above reach 20x profit from the capital

Furious 7

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Quote from: nur rochid on May 30, 2023, 10:33:56 PM

Quote from: Furious 7 on May 30, 2023, 04:44:37 PM

Quote from: cute nmp on May 30, 2023, 01:18:55 PM

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it

You have to sacrifice something if you really want something else because that's a real choice.
If indeed people who only easily carry out this condition with the hope of getting abundant wealth instantly then of course they also have to be aware of the conditions that will befall one of them being trapped in the project they are participating in and exposed to fraud because no matter how hard they are In researching it, we also don't guarantee that you won't be deceived, because that's just one way to minimize it so that we can avoid fraud.
As for when you don't want to know about all kinds of new projects and don't do anything there and only focus on old projects and invest in certain places like bitcoin then indeed we will definitely avoid new project fraud but with a note if you don't get instant riches from meme projects don't be too sorry.
I prefer the second option in this case because I'd rather be in a definite place for bitcoin than have to go back and forth looking for new projects that are just hit n run.

Bolivar_Tony

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Quote from: FireDAO CY on April 26, 2023, 02:55:32 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.

This is one of the most discussed topic in this platform or rather this section, it is kinda easy to avoid scam project, Most scam project come with faceless people, promising huge profit and returns, And for me one of the ways I identify good project is by looking at their lead investors, If they have popular lead investors in the project and it's a go for me, though it's not a guaranty because anything can still happen.

peschwecks

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Quote from: nur rochid on May 30, 2023, 10:33:56 PM

Quote from: Furious 7 on May 30, 2023, 04:44:37 PM

Quote from: cute nmp on May 30, 2023, 01:18:55 PM

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it

There is a joke here. Many investors know that it is a scam. Maybe this token will disappear within 24 hours after it goes online. But there will still be a lot of people buying wildly, and no one here cares about screening whether it is a fraudulent project. These people are completely helping the project party to increase the price of tokens for shipment, and of course they also have their own losses. But they don't seem to feel pain.

Marcorey

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Before investing in or participating in any crypto project, research the white paper and technical background of the project. See if the project has a practical use and value.
Review the project's transparency and public information. Does the project provide a clear roadmap, goals and development plan.

nur rochid

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Quote from: Furious 7 on May 30, 2023, 04:44:37 PM

Quote from: cute nmp on May 30, 2023, 01:18:55 PM

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it

JeffBrad12

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Quote from: AakZaki on May 30, 2023, 02:55:51 PM

Quote from: bayudndy on May 30, 2023, 01:33:51 PM

It's important that you pay attention to what you're doing. If you really care and pay attention, it will become easier to distinguish real projects from real scams. Therefore, it is necessary to have a good knowledge base to be able to protect yourself and avoid the risks that scam projects pose. Research what investment projects are doing as well as how their progress is. Analyzing them and comparing the results of discussions with others can further enhance your verification assessment. However, no single precaution can provide absolute protection, but staying up-to-date, conducting thorough research, and being vigilant about projects can greatly reduce the risk of becoming a victim of scams.

Doing research as you describe I might have done. In the past there have been many successful projects even without doing research because very few scammers have appeared. But the longer time and crypto started giving good profit, many scammers started to appear. It takes extra effort to do research, sometimes the research that is done produces good grades, but in the end the project that is followed is still a scam and deceives many people. This is a risk that could happen to anyone.

that's true that's why it's just somewhat advised to just follow some project that have went under thorough investigation made by some famous company out there.
one way to know is through following IEO in which the project are all carefully selected by the company like the one launching in binance or maybe kucoin. that's only very few company i listed.

after all even with all the analysis if it's done by some individual like us, there are most certainly something that's being concealed, but if it's these big companies which have a team of expert looking out for the project.
then it could be sure that the project itself is under really diligent inspection and the chance of turning out to be scam is slim.

Topic: How to avoid a scam project? - page 7. (Read 2460 times)