Topic: how to avoid fraudulent projects? - page 13. (Read 3075 times)
We bounty hunters are affected to a large extent by greed. And as a result, we get ourselves scammed by crypto projects. Some crypto projects are like they are looking a right time to scam investors and bounty hunters. They offer high and big promises like high amount of bounty pool only just to scam investors and bounty hunters. So we must not be lured by such big promises. We should read their road map, and whitepaper beforehand.
To avoid fraudulent projects, what I do is find as much information about the project or Whitepaper and other matters related to investment products and examine the project team and try to ask lots of questions about the project being developed so the answers can be considered.
and there are many other ways to investigate fraud projects or not and it depends on their intelligence to research in detail and always learn from experience because fraud projects have been around for a long time.
and there are many other ways to investigate fraud projects or not and it depends on their intelligence to research in detail and always learn from experience because fraud projects have been around for a long time.
Weve many fraudulent projects now and we are always victims because they are not careful in assessing a project, and for investors to stop investing in scam projects because it is a great support for those who create scam projects, so for the future we must survey first before following a project.
It all goes down to the team, many developers of today are not taking their job very seriously, active teams can pushed any project to its glory, every ideas are brilliant only if the team are ready to deliver the best services
~snip
How to avoid it?? Simple. Just don't invest on this shitty projects.You don't want to get scammed? Just don't invest. You don't want to risk your money for profit? Don't invest. In this way, you can avoid this fraudulent projects 100%. There will be no scammer if there are no people that will get scam for their shit projects.
To avoid fraudulent projects, firstly, the participant or investor should understand that there is no set regulations or bodies in crypto responsible for running checks on new projects to eliminate fake projects hence that aspect lies in the care of the investor. This is why the investor must research into the project in all means in order to identify the originality of the project.
In my opinion to avoid fraudulent projects, invest where the developer has competence and the developer is not well known either in the crypto world. Do not invest in a place that is still in doubt as to the information and identity of the developer and the team. It is impossible to eliminate fraud in cryptocurrency, but with a few strict rules I'm sure many can avoid investment scavengers.
Very few projects are really good, only about 3% of projects that promise. indeed by researching the developer we can choose the project quickly, with the experience that is already owned by a developer, I think this is a good way to anticipate project fraud. good developers will certainly develop good projects too, so they will be followed by investors by their movements
When a potential project I think investors will certainly be able to invest. they can already know which projects are potential and which are not. now it is indeed very difficult to be able to find a projeck that is really good because there are so many projecks that scam and make rebuilding trust difficult . because I as an investor no longer trust any new projects 
Very few projects are really good, only about 3% of projects that promise. indeed by researching the developer we can choose the project quickly, with the experience that is already owned by a developer, I think this is a good way to anticipate project fraud. good developers will certainly develop good projects too, so they will be followed by investors by their movements
It is very difficult to stop the scammers project, but at least we can reduce the scam project, the way is we stop following the project manager who once promoted the scam project, this way then little by little the scam project will decrease. This is certainly a tough task for a project manager, because before becoming a manager of a crypto project, they must do serious research so that people's trust in them is not lost.
I think that before you invest, you need to research carefully because no one can do it for you and many recent projects are not profitable for investors. I always check the project development team first because this is the fastest way to avoid scam projects. There are actually hundreds of projects emerging in this market and you should learn how to evaluate quickly.I have been in this market for many years but finding a really good project is not an easy task because 97% of the existing projects are all bad projects so it will be difficult to choose.
It is very difficult to stop the scammers project, but at least we can reduce the scam project, the way is we stop following the project manager who once promoted the scam project, this way then little by little the scam project will decrease. This is certainly a tough task for a project manager, because before becoming a manager of a crypto project, they must do serious research so that people's trust in them is not lost.
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.
This is a common problem of social media promoters. Started with good plans then social media promoters couldn't see any update on websites about funds rise, team work. From little update to alpha version should update about project before funds rise start, this system could help us.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.
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.
It is difficult to determine what the project will be in the future. Therefore, some participants, seeing signs of fraud, continue to participate in it because they believe and hope that they are mistaken and that everything is not as bad as it seems. 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.
Yes, we should try not to promote fraudulent projects and try to reduce their number by all means. But we have newcomers who do not know how to distinguish good projects from fraud and continue to support them. After all, they often look at rating sites and believe the information listed on them. So, unfortunately, the scammers are not going anywhere.
Unfortunately, there are bounty hunters that are still promoting fraudulent projects even though they already knew that it is a scam.
No one will promote a scam as they know they will not be getting for the time spent by them, majority fall for these attractive bounties that promises them ample amount and they will not even have a logical thinking about the amount of money they are offering, i used to see a million dollars worth of tokens as bounties and to be frank there is no logic behind it and all of those were scam projects just baiting people to advertise and make a run with the investors money and there were some asshole managers supporting them.
No matter how responsible a bounty hunter is or how good he is with research this won't make him free from scam projects, very good scam projects looks so real that they will have teams and videos to show for it but they did that to lure you and guess what? they belief that no law will hold them responsible for the devilish acts
Actually there is no right way to overcome the problem of scamers, but if you are shrewd and more thorough before joining any project you might be able to avoid it yourself. what is important is that you do not promote unclear projects especially with non-transparent teams, inexperienced developers or products that cannot develop in the market. and if you see a suspicious project that's the red flag for you.
Detecting scammers is actually sometimes difficult and also easy because with the appearance of the website and the concept alone can take initial conclusions about the project. the next step to detail maybe we can check Whitepapaer and also their team to be able to make sure the project is scam or not
Actually there is no right way to overcome the problem of scamers, but if you are shrewd and more thorough before joining any project you might be able to avoid it yourself. what is important is that you do not promote unclear projects especially with non-transparent teams, inexperienced developers or products that cannot develop in the market. and if you see a suspicious project that's the red flag for you.
You conclusion is not far from the truth and I must really tell you the enemy of cryptocurrency, we might think that the enemy of cryptocurrency are those scammers, NO, we already know that in any system, we will always find people like that, but the real enemy of the cryptocurrency development are those greedy hunters, managers and investors that don’t do research before investing in a project and promoting a project, and like you said, they are actually the one that is giving hope to these projects.
If everyone was watching carefully not to invest in a project that is not good one, there is no way that that scammers can really be able to get into the market and be successful. So, we all have to have our hands-on desk and ensure that most of those scam projects are not being publicized to the public.
If everyone was watching carefully not to invest in a project that is not good one, there is no way that that scammers can really be able to get into the market and be successful. So, we all have to have our hands-on desk and ensure that most of those scam projects are not being publicized to the public.
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.
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.
To overcome and avoid fraudulent projects, we need to take more time before deciding to supporting the project.
Bounty hunters are same with investors, require to do intense research about the ICO/IEO they want to support.
Always proceed with caution because many scammers still trying to scam peoples in crypto.
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