In general, it is very difficult for us to be able to distinguish between scam projects and projects that are really real, because of course the developers of project scams will make their projects as original as possible so that it will be very difficult for us to distinguish these projects, I think now we can only hoping with luck alone to avoid the project scam, but there are some members here who suggest that we check the web, Roadmap and their team before joining the project, even though it's not 50% accurate, I think it's not wrong for us to try it.
There'll always be a way to distinguish such project among the legit ones and they usually provide false information regarding their own project. The whitepaper that they served to the public also usually doesn't contain further techincal aspect of the project and how the execution of a project will be done by following the planned roadmap. Shady project usually have all unprepared and the their response to the community also usually lacking and consist of unknown people. if you really want to avoid fraudulent project you can simply choose project with famous developers and already verified the other alternative is to choose IEO from popular exchanges. 
Topic: how to avoid fraudulent projects? - page 14. (Read 3094 times)
In general, it is very difficult for us to be able to distinguish between scam projects and projects that are really real, because of course the developers of project scams will make their projects as original as possible so that it will be very difficult for us to distinguish these projects, I think now we can only hoping with luck alone to avoid the project scam, but there are some members here who suggest that we check the web, Roadmap and their team before joining the project, even though it's not 50% accurate, I think it's not wrong for us to try it.
Leaving yourself uneducated is a biggest mistake that is why fraud projects seemed to make it easy out there deceiving. I personally cannot think of the possibility that could completely eradicate fraud projects other than self-educating and educating someone on how to trace those fraud projects. When new people or investors keeps on coming with a lack of knowledge or background to such project was the main reason why is it impossible to eradicate those fraud projects.
Until now many people have made improvements regarding their knowledge of a project. Until now, investors and bounty hunters are quite good at conducting research. the proof is that some projects have received red marks from several trusted people, or moderators from this forum.however the best way to avoid scammers is to be careful and gather as much information as possible. we can't just invest because we see that the project suits us, or gives a big bonus. because of that, increase your ability to analyze a project, and if you see its characteristics, then leave the project.
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.
We cannot fully exterminate fraudulent projects in this industry but we can do something about it just like conducting some research first before we engage with them. It is better to promote a project that has integrity because how you would suppose to get paid if a certain project you promoting is scam hence, the best option is that obtain some knowledge or data regards to the project and even check their roadmap if will they meet target goal. 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.
In crypto platform number of fraudulent projects are enter into the project. But every investors are carefully read the OP post and join the best projects. Nowadays some peoples are face some fraudulent investment and they totally disappoint the crypto projects also those are start newly this forum will help to understand the further process.
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.
Leaving yourself uneducated is a biggest mistake that is why fraud projects seemed to make it easy out there deceiving. I personally cannot think of the possibility that could completely eradicate fraud projects other than self-educating and educating someone on how to trace those fraud projects. When new people or investors keeps on coming with a lack of knowledge or background to such project was the main reason why is it impossible to eradicate those fraud projects.
The only way to avoid these fraud projects is to be vigilant as always and don't let yourself got carried away with profits. People that will most likely scam you are people will say that you can get big ROI in their project. The next thing is to research on the project. Look at what the project is like and try comparing it with another whitepaper. Or get some part of its whitepaper, then search on google. Most of these are enjoying lazy writing by that it's easy to spot.
I personally judge a project not from what is already running or the final stage because it always sees the development and work of the team, white paper that has a lot of copy also needs to be considered because if there are projects that copy or the same concept it could be a fraudulent project. And I always leave projects like that.
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.
Unfortunately, there are bounty hunters that are still promoting fraudulent projects even though they already knew that it is a scam. It is sad to think that their income is the only motivator they know to do a task. Personally, I find it shallow because I firmly believe that if we want to have a good and dynamic industry, the reputation of the industry must be healthy in the means that the number of people being victimized by fraudulent projects will decrease. I am well aware that we can't fully eradicate those people but there is a way to reduce it by being a responsible bounty hunter.
It has become hard to find whether a project is legit or not because the fraud or scam ones also look like the original one as they have also become advanced.But still if you do proper research and have knowledge about the market you can have a idea that this project is good or not.They generally offers high return in short span without doing anything hard and take advantage of greed of people and commit frauds.So you can try to avoid them with your skills and level of knowledge.
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.
You're idea is good, but I don't think people that keeps on promoting fraudulent projects are doing it for free. People won't do anything for free especially if its as damaging as this, they won't just do it for free and waste theirntime over anything. They're probably earning out of it, and if they're earning out of it, I don't think we can stop them from doing it over again. What we can do niw is not being a victim of these projects because if there are no one to buy their schemes, no.matter what promotions they'll do, their projects won't earn. 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.
The only way to avoid these fraud projects is to be vigilant as always and don't let yourself got carried away with profits. People that will most likely scam you are people will say that you can get big ROI in their project. The next thing is to research on the project. Look at what the project is like and try comparing it with another whitepaper. Or get some part of its whitepaper, then search on google. Most of these are enjoying lazy writing by that it's easy to spot.
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.
Knowledge is always the ultimate weapon of human in any industry, in any situation and in any problem. Research is very important because a background check to the project itself, as well as to the dev team and the owners, can help a lot to determine whether or not the project is a scam or legit. There is no guarantee that the project will be successful tho. Even if it is not a scam, it can still fail and that is the risk that you have to take if you want to invest.
Yes, knowledge and always make time to do research as all project will make all the things they can do just for them to look beautiful in the eyes of investors,they will make a bounty which has high reward, make a lot of token bonuses, will hire promoters and chillers in the community for them to look that a lot of people interested to them.
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.
Knowledge is always the ultimate weapon of human in any industry, in any situation and in any problem. Research is very important because a background check to the project itself, as well as to the dev team and the owners, can help a lot to determine whether or not the project is a scam or legit. There is no guarantee that the project will be successful tho. Even if it is not a scam, it can still fail and that is the risk that you have to take if you want to invest.
A high rating is not a guarantee that the project is good or not a scam. Every day new projects emerge and I think it is difficult to know whether the project is a scam or not because there is no authority to verify it. To prevent scams from happening, in my opinion until now the only thing that can be done is research or through the community conducting investigations about the project
Importantly, do a thorough research on the project, 70% of projects out there are fraudulent... Now how possible to avoid joining them is to do your research. Even with the research, there are chances of still joining a fraud project, cos it can't be stopped or avoided. The best is still checking on it properly before going into the project. All the best.
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.
A high rating is not a guarantee that the project is good or not a scam. Every day new projects emerge and I think it is difficult to know whether the project is a scam or not because there is no authority to verify it. To prevent scams from happening, in my opinion until now the only thing that can be done is research or through the community conducting investigations about the project
Many bounty hunters are ready to promote any project if they are promised a good profit. People rarely began to research projects before starting to promote them.
A lot of hunters have already scammed do a lot of research again to any ico right now. The problem is when you are seeing social media bounty and there was a lot of the bots that used to promote scam project. it's not always about profit and even some scam projects that offered a few hundred dollars are getting promoted by the social media bot.
just curious about how to prevent that thing to happen.
Yes, it is true, fraud is very difficult to eliminate because every opportunity there is certainly there. To reduce the scope of these fraudsters, it's better, the bitcointalk admins select them in several administrative ways. This is to reveal who they are, for what purpose of creating a promotional thread here and others. Or if the fraudster does IEO, preventive action must also be taken by the exchange to the coin developer. This might reduce fraud and fake projects.
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.
Most bounty hunters who advertise or promotes a project doesn't really know that the project that they promote are scammed, so we should not put the blame on people who promotes the projects because they also didn't received any rewards from those projects. Honestly, it is also difficult to avoid fraudulent projects because even we check the whitepaper and team members they are still scam. 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 also did the same thing to overcome the fake project made by the scammer, which is not promoting it again when it has been indicated by SCAM. The first person to stop this is the Bounty Manager handling the project. The Thread Bounty must be locked and provided that the Project is a Scam. For other members who know in advance the project is fake, you can create a thread in the forum that discusses the scam project so that it can be further examined by other members.
Plus one for this! But the problem is that the bounty manager himself is owed to the project itself. They are being paid for managing their projects. And for as long as the payment is coming in, many of the bounty managers will not respond to scam accusations, much less care to dig it up themselves knowing that once it is finally found to be really a scam, the payment will be gone. And it is very obvious that bounty managers right now are in bad need of projects that they even accept scam ones for as long as there is money.
yes you are right to be the manager of a bounty campaign must be more selective in analyzing the projects that he will hold and I'm sure they are not just looking for money but more to the existing beliefs. but as a good campaign participant you can not only trust the manager but you have your own research before joining the campaign
Jump to: