how to avoid fraudulent projects? - page 15.

Rebisco

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Quote from: MonaLeeTracy on October 22, 2019, 03:36:35 AM

Quote from: HabiebRiziq on October 22, 2019, 03:32:19 AM

Quote from: Senar Gitar on October 21, 2019, 10:33:40 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.

But for me the problem is how to find out or avoid a scam project because many people have chosen the project based on their observations and analysis that he usually does but still get a scam project. So in my opinion, we must be careful and make the activeness of the development team in the project a consideration.

In Bitcointalk many people are seriously observing about projects and that can be used as a preference because I am pretty sure they are independent and provide according to the facts. starting from a fake team and also a whitepaper whose copy here we can equally observe about many fraud projects

We can find the importance of the whitepaper in verifying the project whether it is fake or not. I often to read the whitepaper to know if I'm in the right path of investment. It is good if we have information about the team behind and also the project.

crazy-pilot

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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.

imutlinda

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Quote from: taufik123 on October 22, 2019, 10:03:14 AM

Quote from: NathanJB on October 21, 2019, 11:31:09 PM

Quote from: taufik123 on October 21, 2019, 11:03:57 PM

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.

Not all bounty managers like that, if it is already indicated SCAM thread must be locked immediately. Bounty Manager receives payment in advance, there are several 50% payment agreements at the beginning and will be repaid after the project is completed. If the Bounty Manager continues the Bounty indicated by SCAM, it will be given a Red Trush by the moderator, because it violates the forum rules.

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

xiboothrezi

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Quote from: Senar Gitar on October 21, 2019, 10:33:40 AM

snip---
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.

members with high rank are no guarantee that they will definitely find and support profitable and promising projects. There are many factors that influence, it could be that the project initially looked promising, but over time it did not point to good progress and ended in a scam, no one could control it, who would want to support the scam project? there is no. It is out of control. So do not make member rank as a reference, they are only ordinary people.
Fraudsters will always try to take advantage of opportunities, deceive many people in various ways, especially new people who lack understanding of the cryptocurrency ecosystem.

rachmat5893

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so I think whether the project scam or not depends on the performance of ico and also from the intentions of the developer. if I usually check ICO on the Icoreview website to see hype, analysis and whitepaper, if the ranking is above 4, ICO will usually boom.
and I also pay attention to who is the pay manager, sometimes the ICO is good but the manager is broken, it could lead to a scam.

taufik123

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Quote from: NathanJB on October 21, 2019, 11:31:09 PM

Quote from: taufik123 on October 21, 2019, 11:03:57 PM

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.

Not all bounty managers like that, if it is already indicated SCAM thread must be locked immediately. Bounty Manager receives payment in advance, there are several 50% payment agreements at the beginning and will be repaid after the project is completed. If the Bounty Manager continues the Bounty indicated by SCAM, it will be given a Red Trush by the moderator, because it violates the forum rules.

MonaLeeTracy

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Activity: 1092

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Quote from: HabiebRiziq on October 22, 2019, 03:32:19 AM

Quote from: Senar Gitar on October 21, 2019, 10:33:40 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.

But for me the problem is how to find out or avoid a scam project because many people have chosen the project based on their observations and analysis that he usually does but still get a scam project. So in my opinion, we must be careful and make the activeness of the development team in the project a consideration.

In Bitcointalk many people are seriously observing about projects and that can be used as a preference because I am pretty sure they are independent and provide according to the facts. starting from a fake team and also a whitepaper whose copy here we can equally observe about many fraud projects

HabiebRiziq

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Quote from: Senar Gitar on October 21, 2019, 10:33:40 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.

But for me the problem is how to find out or avoid a scam project because many people have chosen the project based on their observations and analysis that he usually does but still get a scam project. So in my opinion, we must be careful and make the activeness of the development team in the project a consideration.

Ailmand

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Just by doing your self a favor before investing, most investors just put their money in a project without fully understanding the whole purpose of the project, without going their research and ends up blaming it in the whole crypto that it is all a scam. If only people will be more aware and educated about technology and blockchain tech maybe this would lessen people from putting their money in scam and shitty projects. This, decreasing the number of projects that pulls down the name of crypto as scam.

blckhawk

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Activity: 1554

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Quote from: Senar Gitar on October 21, 2019, 10:33:40 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.

One way is to impose regulation by having a central committee that will oversee crypto-related projects, to minimize scams and would make the crypto-space much safer. By saying a central committee, doesn't mean having a centralized agency that would manipulate the prices, they would just manage all projects making sure they conform with security standards, mitigating threats of scams and thefts, and in general would make the market more plesasing to potential investors.

Zeke_23

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Activity: 868

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Quote from: Darooghe on October 22, 2019, 02:38:08 AM

How to identify suspicious projects? checking the team behind the crypto project is useless on determining if its scam or not, nowadays its just easy to create a fake account , so even you are checking it carefully you will never know if the information you are reading is fake or not.

even checking the white paper is nonsense. a friend showed me an ICO that seems to be good, and a couple of weeks later they took all the money and left the coin, that's why I don't like to invest in ICOs and any new project, hopefully we'll have more tools to know when to invest in a good project, that way people are going to invest more in their great project.

Exactly, using unknown identification nowadays can be done due to the selling of private information in the black market. Checking only the background of the team was not enough to secure the legitimacy of the project.
Further investigations like feedbacks about the project and also looking for their platform if they have the capability to do such things.

Darooghe

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How to identify suspicious projects? checking the team behind the crypto project is useless on determining if its scam or not, nowadays its just easy to create a fake account , so even you are checking it carefully you will never know if the information you are reading is fake or not.

even checking the white paper is nonsense. a friend showed me an ICO that seems to be good, and a couple of weeks later they took all the money and left the coin, that's why I don't like to invest in ICOs and any new project, hopefully we'll have more tools to know when to invest in a good project, that way people are going to invest more in their great project.

Katashi

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If i like a project, the first thing i do is checking team's background to see if they are real and see if they have the skills to create or develop the project. i do not base my judgement to the numbers of their community because i know this can be fake instead i make a lot of questioning directly to the core team via telegram or other ways to contact them, i just want to make sure that they really study their own project.

erickastella

sr. member

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yes fraud is rampant this year, therefore we must be wary of projects like that by checking the whitepaper, the team that handles the project, the website and the manager who holds the project and then analyze again if there is suspicion in one of these leave the project because of potential scams.

fortunecrypto

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Quote from: Senar Gitar on October 21, 2019, 10:33:40 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.

Even if we have members here doing research and checking projects that has potential to scam investors, there are still a lot of projects that still manages to get through, let's admit it, these scammers are getting better scamming investors, because there's a lot of money to be made here, they spend huge amount of money, so that they can't be detected.

riso2015

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Activity: 1246

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Trphy.io

Members who have high rank also think it's a good project so they follow Bounty to promote it, so here Bounty Hunter can't be blamed either because they also don't know whether it's a good project or not. I admit it's hard to find good projects at the moment because most of them are scams.

Palider

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To get rid of scams in ICOs it is important to have regulations that will help them handle ICO campaigns more effectively. And it will start with platforms like Ethereum and Waves, while IEOs should also pay attention to the background of each Token and also have KYC requirements that help determine who its founders and partners are in creating of token / coin

Ferris419

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Activity: 1008

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I feel good that the crypto market has fewer fraudulent projects than in previous years! It's because people become smart after a long run bear market. Now, to avoid fraud projects, you have to have enough knowledge about analyzing a project! Verify their partners, have a look at their media coverage and also verify the community activities! Don't fall in a trap by seeing many positive comments in the telegram group, because these are paid praising! Read the project whitepaper, verify the team members' previous work history, if everything looks positive to you, invest there!

Dart18

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Why not eliminate them completely? Isn't that for the best of all.
We wont be scared of anything anymore since they cannot exist in this forum specially.

I guess avoiding them is by not going too far away. By staying in this forum you could somehow avoid them with the help of pros here that can easily pinpoint them and then put them down.

I mostly see them in telegram.

NathanJB

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Quote from: taufik123 on October 21, 2019, 11:03:57 PM

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.

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