how to avoid fraudulent projects? - page 11.

ololajulo

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SOL.BIOKRIPT.COM

Quote from: DDante on October 21, 2019, 01:28:12 PM

Quote from: Senar Gitar on October 21, 2019, 11:33:40 AM

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

Before a project can look suspicious it depends on how good you are at researching, most times even promising projects do turned scam, crypto space is actually in trouble if you ask me, scammers are making everything hard for new investors

If we can always come together to scrutinize a project that looks suspicious, open a thread and give evidence to back your suspicion. I think credible project can defend it. Unlike telegram they can bully such individual and ban from group, member from part of the world that are close to the location can make physical confrontation and inquiry. The process of discussion will help new investors to get better in researching projects

sapnu

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Quote from: angrybirdy on October 28, 2019, 05:31:21 AM

Quote from: ?? on ??

Quote from: BennyK on October 27, 2019, 11:40:33 PM

The best way to identify scam/fake projects or projects which are very unlikely to become successful is through the extensive performance of research on that project. Here, the investor must look thoroughly into the team in order to know the expertise of the team members. Also, it is good to know the idea of the project, does it have a use case? Is the product capable of attracting investors?

Investment must be done with a lot of research from all the data in the project. the more extensive the research carried out, the better the project's advantages and drawbacks will be, and therefore the data collection when conducting research must be maximally carried out

It should be taken seriously, and it shouldn't be taken so easily. Decisions to be made when it comes to investing should not be made in a rush. It should be done with care and thorough investigation to avoid unpleasant things to happen.

There are lots of things you should consider for you to be able to know that the particular project is a fraud or scam. The first one and the very important part is that you should check the whitepaper itself because all of their plans and techniques are stated there, so if you read that, you will have some information about that particular project. You can actually recognize that but if not, the second one is their team, for example, is the manager can really manage the bounty not only that, are they going to be responsible if the project fails. The third one, are you believing that they can reach the target of tokens is going to be sold at that time frame. You should consider those things for you to be able to avoid fraudulent projects, but most importantly you should avoid persons or accounts that are giving you some offer and rewards but you dont think it's true.

secretgirl

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Quote from: meliodas on October 30, 2019, 09:07:15 PM

It has been said a thousand times in this forum. If you want to avoid fraudulent projects then you should conduct a proper research. Research is the key on all of the things that we have a problem facing on. If you will do research then you will discover different information that you may use as a basis in decision making if you are going to push your interest in a certain project.

yes, it is indeed difficult to determine a project that is safe and deceptive. I'm sure that no one will be sure that they can determine which projects are the best and which are what they are. it's true that we have to do research first before joining a project. we have to find information about the people in the project. every project must have a development team, and have goals in the future. maybe you can also share the results of research on a project with your friends, so you will get the confidence that you have joined a project that you think is really good.

meliodas

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It has been said a thousand times in this forum. If you want to avoid fraudulent projects then you should conduct a proper research. Research is the key on all of the things that we have a problem facing on. If you will do research then you will discover different information that you may use as a basis in decision making if you are going to push your interest in a certain project.

crossabdd

legendary

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how can one avoid the promotion of crypto projects? especially the promoter. I think a little difficult.
1. Most promoters are bounty hunters. which is their goal to participate in marketing.
2. the promoted project has a large allocation (although currently it is fake)
3. have a good start, for example a large project partner (even if it's just writing)
4. lack of understanding of the promoted project. (basically get a high reward, regardless of the project)
that is the reason scam projects are widespread in crypto, even controlling more than 70% in the ICO section.

flagpara

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Quote from: Senar Gitar on October 21, 2019, 11:33:40 AM

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

Why would you believe in someone's hope, when you can make your own research. Instantly you can't avoid all fraud projects. You can reject fraud projects by researching project types, legit CEO and development team. I don't follow any rating about project after check this success project "CHT".

DeathProxy

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I don't think its possible to completely eradicate scam projects totally, but it can be reduced to a minimum amount. One of the way we can achieve thisbia by making adequate research before investing or supporting or promoting any project. Check the necessary details and make sure all checks out before proceeding, don't be to quick to invest or promote crypto project without proper investigation and research

BennyK

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Quote from: Kvalentine on October 28, 2019, 05:35:12 AM

Quote from: foxincoin on October 27, 2019, 08:23:05 AM

You can't avoid fraudulent projects, whatever you do, there are a new ways to scam you, we only do our best by research and investigate the project well.

I have been deceived but i have never get scammed or fall for phishing schemes before in crypto space because i used to invest in HYIP investment plans so i have good and bad experience out online investments so its most likely the same with crypto, better research can reveal bad projects to you

It is good you have never experienced phisphing or scamming in the crypto space before because it can lead to frustrations. What are some of the things you look out for during your research into the project in order to identify the originality and prospects of the project? Perhaps, this could provide great lessons to investors here.

Kvalentine

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Quote from: foxincoin on October 27, 2019, 08:23:05 AM

You can't avoid fraudulent projects, whatever you do, there are a new ways to scam you, we only do our best by research and investigate the project well.

I have been deceived but i have never get scammed or fall for phishing schemes before in crypto space because i used to invest in HYIP investment plans so i have good and bad experience out online investments so its most likely the same with crypto, better research can reveal bad projects to you

angrybirdy

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Quote from: ?? on ??

Quote from: BennyK on October 27, 2019, 11:40:33 PM

The best way to identify scam/fake projects or projects which are very unlikely to become successful is through the extensive performance of research on that project. Here, the investor must look thoroughly into the team in order to know the expertise of the team members. Also, it is good to know the idea of the project, does it have a use case? Is the product capable of attracting investors?

Investment must be done with a lot of research from all the data in the project. the more extensive the research carried out, the better the project's advantages and drawbacks will be, and therefore the data collection when conducting research must be maximally carried out

It should be taken seriously, and it shouldn't be taken so easily. Decisions to be made when it comes to investing should not be made in a rush. It should be done with care and thorough investigation to avoid unpleasant things to happen.

bgaf

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If youre an investor then just invest only on legit projects such as IEO especially on Binance launchpad, and other major exchanges. I think that would only give you assurance of not being scam actually. If youre a hunter, avoid promoting those project with lots of talks and only focusing about sales. Normally ICO project releases campaign and some of them are just purely hoax. Ask for product or working platform, if they say none or to be release, ask for details such as date if not yet then they stalling their time for nothing.

BennyK

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The best way to identify scam/fake projects or projects which are very unlikely to become successful is through the extensive performance of research on that project. Here, the investor must look thoroughly into the team in order to know the expertise of the team members. Also, it is good to know the idea of the project, does it have a use case? Is the product capable of attracting investors?

k@suy

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Quote from: The3max on October 27, 2019, 09:47:43 AM

For me, to identify fraudulent or unreliable projects. First I check the website and the security of the host and the domail. Next, I will examine the team, the project creator and its members. And finally the target, whitepaper, ... If it's a fraud project, there will be many plagiarism areas from other projects.

Even website can be deceiving too. They can easily purchase the domain and ssl , I am looking for the teams' credential if it is true or not, also looking for their permit in the bussiness so that I will have a peaceful mind investing on them.

fosco333

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Fraudulent project is the enemy of all peoples in cryptocurrency such as investors, traders, hunters, etc.
To avoid such project, we need to take some time before take a part. Both investor and supporter of the project must do some series of research, there is no other way. If we lacking time to observe the project, we may lost our money later.

Bananington

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Quote from: ecnalubma on October 21, 2019, 12:00:23 PM

If your an investor don't gamble your money over ICO's it is better to choose from top 50 cryptocurrencies (except stablecoins) in coinmarketcap but of course this is not a financial advise. But if your asking as a bounty hunter you can't avoid promoting scams because some of them are too good to be true and sometimes hard to detect.

Investing in top 50 coins on coinmarket has lesser risk comparatively, but knowing which coin to invest in order to make fair profit is challenging. Personally, I like taking calculated risk and will prefer to get in a very good IEO on reputable exchanges or buy a coin with really great project and low market capitalization after doing my research, but I usually do not invest what I can't afford to lose.

Bitlover10

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Love is all

I would like to suggest you to visit this thread where you can find information about how you can avoid fake projects https://bitcointalksearch.org/topic/m.30515162

Crypto world need more research because new people easily can get scammed. So it's good to research before investing any single penny and never trust unknown people who offer you investing for good return.

The3max

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https://leasehold.io/

For me, to identify fraudulent or unreliable projects. First I check the website and the security of the host and the domail. Next, I will examine the team, the project creator and its members. And finally the target, whitepaper, ... If it's a fraud project, there will be many plagiarism areas from other projects.

GGmith

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in theory to ensure the entire contents of the project and also how the developer experience in managing the project before, if they have a positive reputation, responsible, maybe the project they manage is worthy of follow. and I don't think there is a right way to avoid fraudulent projects because most projects look real.

Youghoor

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The only possible way of keeping yourself from fraudulent projects is research and reading more about the project and how feasible the project is in relation to its set aims and visions. Usually, fraudulent projects have unrealistic ideas and do not really have a specific purpose in the crypto ecosystem. If you are lazy to do research and read, you are likely to invest in fraudulent projects without realizing it...

jets567

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Greed is often the reason why so many people are deceived by those fake projects and sometimes people are too lazy to conduct a proper research before investing. If all people just learn to distinguish the legit and fraud projects then we might kick-out those scammers on this space because they won't get any penny and will lose their interest.

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