Topic: how to avoid fraudulent projects? - page 6. (Read 3079 times)
It is very hard to stop all fraudulent project in the crypto space, there is too many of them and some them are in disguised of having a good developments and hardworking team. We never knew at first when it is a scam or not but this is my tip. If you see some redflags on the project along the way then stop promoting it then move on. There is too many projects out there clearly focused on the developments.
You can always see to their project itself how their system work you can try to look at their whitepaper and see how detailed it is and from that you will easily spot if there's some fraudulent things running to their project, second thing is their website usually on their website you can see all the information listed on it such as their team member, road map, contact information and legality of the project such as licences and legal documents.
You can check them one by one and their team members sometimes most of the fraud projects doesn't show their faces off the public and also you can also see that there's no legal documentation they have on their website as well as their poor website interface.
if you encounter some of this then you should be careful and do more further research about the project.
Their whitepaper will tell us all the details that we want and we need, it is not easy to catch scammers by only reading this one, you may check the profiles of the team members as well, better to suggest them for a AMA so that you may see if the faces that are being put in the website is true, but then, if the projects is only created for scam we dont have any solution for that because I have known a project before and now it is a trash. You can check them one by one and their team members sometimes most of the fraud projects doesn't show their faces off the public and also you can also see that there's no legal documentation they have on their website as well as their poor website interface.
if you encounter some of this then you should be careful and do more further research about the project.
You can always see to their project itself how their system work you can try to look at their whitepaper and see how detailed it is and from that you will easily spot if there's some fraudulent things running to their project, second thing is their website usually on their website you can see all the information listed on it such as their team member, road map, contact information and legality of the project such as licences and legal documents.
You can check them one by one and their team members sometimes most of the fraud projects doesn't show their faces off the public and also you can also see that there's no legal documentation they have on their website as well as their poor website interface.
if you encounter some of this then you should be careful and do more further research about the project.
You can check them one by one and their team members sometimes most of the fraud projects doesn't show their faces off the public and also you can also see that there's no legal documentation they have on their website as well as their poor website interface.
if you encounter some of this then you should be careful and do more further research about the project.
If bounty hunters know that a certain project is fake or scam they won't dare promote the project, the problem here is many bounty hunters are too lazy to do their own research on bounty projects before promoting, most do have jobs and make up their mind that it's a good project
Actually, my experience is quite different. When I actually used to have Telegram and Facebook, people would be messaging me their ref links and promising me it's still early to join. They would even say they know when to exit, so if we follow and invest NOW we can exit before it dumps.
What's this tell you? They know exactly it's a scam, and just want their rewards before the scam falls down. Why else would they dump at the earliest opportunity?
Actually to solve this problem is very difficult because we are difficult to detect the Scamer project appropriately, and the team that manages the project is already very cunning in doing its action so that they can easily get the victim, now They could forge a whitepaper so it is very difficult to marry a scamer project, perhaps for now I haven't been able to find a good solution to solve this problem
It is very difficult to find such projects as fraudulent projects too doing their research to look like legit ones from their own mistakes or from others. My opinion is that don't waste your precious time chasing those projects the landscape has changed a lot as compared to the earlier ICO craze where even garbage did several x. Invest those time in researching the existing Top 10 or even 20 coins which will reward you in the upcoming bull market
The truth of the matter is in the event that you will engage Or invest in new projects , it's presumably difficult to guarantee you never put resources into a scam
You can do however much research as could reasonably be expected, and on the off chance that you are acceptable you can get rid of a great deal of the awful stuff, yet you'll never get them all.
You can do however much research as could reasonably be expected, and on the off chance that you are acceptable you can get rid of a great deal of the awful stuff, yet you'll never get them all.
to be honest in my opinion avoiding fraudulent projects is very difficult. although we have thoroughly researched the road map, whitepapaer and also the team and its managers. sometimes we also remain deceived because fraudsters always have new ways to cheat and are smart at making projects look good. so I think cryptocurrency prone to scammers is a risk we must accept when investing and working in cryptocurrency.
Actually it is difficult to avoid fraudulent projects as long as we are still in the crypto room and work as bounty hunters, because bounty hunters cannot be fully blamed in promoting projects, sometimes some bounty hunters join several projects and of them only one or two projects pay. Bounty hunters always hope that the projects that all follow are good projects and pay, but the reality doesn't talk like that.
Fraudulent projects do promise mouth watering offers to bounty hunters thus after working for several months ended up not paying, ICOs that offers big rewards are mostly the culprit of scams bounty hunters should just be wary of those high paying projects rather follow good paying projects with a better future prospect.
This is one of the most issue that one need to take congnizance, if one want to be successful in crypto currency because when you invest in a wrong project you are already a failure, so to prevent it a means should be put in place to avoid with which one of it is checking the project white paper in other to get fact about the project.
One it is also to consider the manager also whether and the team of the project, because it can easily be observed from that and one to careful also.
One it is also to consider the manager also whether and the team of the project, because it can easily be observed from that and one to careful also.
Reading and reading more about the project and how realistic the project is in relation to its set goals and expectations is the only way to stay away from fraudulent projects. Fraudulent projects usually have unrealistic ideas and in the crypto world they don't really have a specific purpose. If you're slow in learning and reading, you're likely to invest without knowing it in fraudulent ventures.
Thats true we can avoid fraudulent projects if we are aware what to look into before making a decision to join or invest. There are many guide and factors to consider before participating in projects hence if you're careful and not easily believe those promises that seems real then you wont end up being a victim of these scammers.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.
If bounty hunters know that a certain project is fake or scam they won't dare promote the project, the problem here is many bounty hunters are too lazy to do their own research on bounty projects before promoting, most do have jobs and make up their mind that it's a good project 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.
Reading and reading more about the project and how realistic the project is in relation to its set goals and expectations is the only way to stay away from fraudulent projects. Fraudulent projects usually have unrealistic ideas and in the crypto world they don't really have a specific purpose. If you're slow in learning and reading, you're likely to invest without knowing it in fraudulent ventures.
Thats true we can avoid fraudulent projects if we are aware what to look into before making a decision to join or invest. There are many guide and factors to consider before participating in projects hence if you're careful and not easily believe those promises that seems real then you wont end up being a victim of these scammers.
Reading and reading more about the project and how realistic the project is in relation to its set goals and expectations is the only way to stay away from fraudulent projects. Fraudulent projects usually have unrealistic ideas and in the crypto world they don't really have a specific purpose. If you're slow in learning and reading, you're likely to invest without knowing it in fraudulent ventures.
Thats true we can avoid fraudulent projects if we are aware what to look into before making a decision to join or invest. There are many guide and factors to consider before participating in projects hence if you're careful and not easily believe those promises that seems real then you wont end up being a victim of these scammers. Finding scammers has become very difficult,
they mask their projects very well,
and those places by which it was possible to determine them, they modify them
so that the second time in this place it will be impossible to determine them,
they constantly work on bugs
It is true that scammers are very good at hiding the fact their projects are scams but at the same time if you selected 10 projects at random 9 out of 10 will be scams so it is not really difficult to find them the difficult part is to actually demonstrate that they are in fact scammers, I know I do not have the skills to do it but there are many members of the forum using their time to catch scammers by checking if their white paper or their website is original or if the pictures of their developers were not downloaded from the Internet. they mask their projects very well,
and those places by which it was possible to determine them, they modify them
so that the second time in this place it will be impossible to determine them,
they constantly work on bugs
I believe that the advent of new scam projects is not due to the Bounty Hunters, but to a greater extent to investors. After all, it is investors who invest money in such projects, which provokes an even greater appearance of such fraudulent projects on the market. Of course, this is also the fault of the Bounty Hunters, but I think the percentage ratio will be low. The reason for this is the mistrust on the part of investors of the Bounty Hunters, because the latter quite often advertise various kinds of fraudulent projects due to the fact that there are many multi-accounts and automatically configured robots that do not check the project for quality.
despite being cautious but there are still many people who are trapped by fraud projects. as smart as investors look for information and research in the end they will still be less clever than scammers.
it's true, it's better to stop promoting every new project out and don't invest. try to stop the circulation of investment and promotion of types of projects as they are today so that no more fraudulent projects will emerge.
it's true, it's better to stop promoting every new project out and don't invest. try to stop the circulation of investment and promotion of types of projects as they are today so that no more fraudulent projects will emerge.
You cannot just stop those projects that is a scam. It will pop out even if you are going to try to stop it. The only thing that you can do is not support it so that other people will not going to support it also. If people saw someone supporting the project, they tend support it also so be the first move not support it and read the projects carefully if it has a potential or not.
by not supporting it means we are not giving the project a chance to develop. so that over time such fraud projects will disappear. but it is indeed difficult to avoid the fraudulent project, we can see the track record of their development team members 
not a bad idea, but now we are all familiar with projects in this cryptoqurrecny room which most of them look very promising, offer big prizes but don't come true. it's actually very difficult to find projects that are really good to follow, but my advice is important for you to always research and reconsider before investing in or joining any project.
I always careful before investing and new projects are often very easy to scam so I always spend a lot of time to analyze because if not careful, I can completely lose money in this market. In fact, there are thousands of projects in this market but you should only invest in projects that investors appreciate because those are the projects that will bring you very good profits. You cannot just stop those projects that is a scam. It will pop out even if you are going to try to stop it. The only thing that you can do is not support it so that other people will not going to support it also. If people saw someone supporting the project, they tend support it also so be the first move not support it and read the projects carefully if it has a potential or not.
Not supporting what you think or known is bad or scam project will lessen the risk for your own sake, but it doesn't mean that you can stop them by continuing not unless you will use your time and effort to exposed information that you know to make things possible to stop this king of project. Knowing the truth and exposed what you understand is bad for everyone a very big help to the community.
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