how to detect desperate Developers and scammers - page 3.

semobo

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Quote from: ?? on ??

Quote from: semobo on October 04, 2019, 04:55:32 AM

Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

Not agree with the fourth point because scam projects may not be get listed on big exchanges but shit projects can if they got enough funds to do that.

Scam projects wont spend a huge amount of money to enter a big exchange like binance, scammers go with not so popular exchanges and after listing, there wont be any volume in the market. Sometimes they are all just committing to be listed in some known exchanges but as the time goes by, nothing will gonna happen. until all their supporters will wait forever.

Once developers got money their goal is reached if their intention is only to make money so they will not spend any money on binance because listing fee is to high if OP not aware of it.

NoirSuccubus

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I am grateful for your tips! nd i noticed that indeed, those risk free statements seems no more than absurd. I wonder how they get rid of risks.

sapnu

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You can actually check it on their roadmap of the project that can be seen on their whitepaper it states all of their plans on the project and also the price and target price they want and if you think that it is not possible to reach or not good thats not true and try to check also their account if they have some merits and high trust because if it is in red trust you should not join or believe them. Another thing is that you should check also the other reviews of other people in the forum if they are a legit manager that runs a project.

irixo10

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GoMeat - Digitalizing Meat Stores - ICO

Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

This is really true, in fact I have been victim though. Your first point is the most deadly because it preys on humans urge for quick return, carefully looking at them I see no difference between them and HYIP or Ponzi schemes. Also, in every Investment, risk abounds and any project promising otherwise have another motive, in the same way owing to the unpredictable nature of this space, assuring investors of good profit within a stipulated time spells bad for that project. However, your last point, only few projects have really succeeded in keeping that promise while a greater number used it as an opportunity to exit scam.

joshy23

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Quote from: santiPOGI on October 04, 2019, 12:12:08 AM

Giving away so much discount to their target investors and promising a big exchange.
This are the basic promise of those scam ICO, BUt that are just speculation.
We will always see those scammers at the end if their ICO.

This types of developers will be unmasked after the sale period is over. It surely runaway from the project and won't be able to fulfill their promises. It's best to observe and make sure to have a good research before you place your money in any investment offer that you can see inside the market, most scammers hide from their real identity and keeps pretending like a normal developers around.

steveabrahams

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Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

I'm not agree with point 4. I mean, almost all project want to listing their tokens on big exchanges like binance and it's not a desperate move or scammers but i agreed with the rest of the points 1-3. I add some point, the team of the project rarely answer the question from people and investors, that's a red flag there.

ATSgrowth

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homt.net

Risk free investments with guaranteed profit and generous referral system is a sign of a scam. But people still are looking for such opportunities because they believe that 1 investment will change their lives.

X-ray

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Leading Crypto Sports Betting & Casino Platform

Basically it's everything that's too good to be true and could potentially attract greedy people who knows nothing about investment. Last time I see someone is offering 15% profit every week and that's a blatant scam or even not investment anymore but a ponzi scheme. The developers that are desperate of people's money also usually keeps on bringing unnecessary publication from not reliable media therefore making their project looks like legit while actually is not if you look further into the media that usually getting paid for some amount of money just to publish fake information about the project. This has happened so many times and it seems people nowadays are more advanced than in the past because most of them found it out just after the news being released that the website is usually a made up website.

pundit

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Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

These points are good to identify a scam project but scammers are now becoming smart with every passing day. Scammers are finding new ways to scam people. There was many projects in 2018 which were having good roadmap, strong team, regular updates and everything that signifies these projects as genuine but later they turned scam,intentionally or unintentionally. I think its very difficult to identify the scam projects unless some strong protocols are made by crypto community.

poptok1

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Bobby Fischer was right

Is it even possible not to be desperate in times like today?
I think its not. Basically every single project screams about itself with unrealistic superlatives.
Everybody wants bigger piece of this crypto-cake, enthusiastic exaggeration is getting really tedious.

Quote from: Mighty_crypt on September 21, 2019, 09:09:09 AM

The most effective way of spoting scam projects is limited awareness creation, i meant real projects cares less about the awareness and belief more in action...

I would even add that those projects, even slightly based on mainstream social-media, are most likely complete duds.
If something is good, useful, innovative and ground breaking in general, not much of advertisement is needed.
It will go viral regardless of adds, tweets, and encouraging campaigns. Real hype is better than fake noise.

semobo

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Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

Not agree with the fourth point because scam projects may not be get listed on big exchanges but shit projects can if they got enough funds to do that.

smyslov

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Activity: 2030

Merit: 269

Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

Investors should be aware now of the points you laid out, all of these are true, investors should look if they are really capable of doing that I prefer looking at the platform and the concept of the project, if it has a good concept and they generating good support and they are transparent, then what they laid out may be true.

LbtalkL

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Quote from: VDraci on September 17, 2019, 10:35:39 AM

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

How to detect scam projects? The team is anonymous 😂. Recently I found a project which gives 1% or higher ROI everyday which is really good. I visit their telegram group and I ask one of the admin, Can I have the social media of your CEO. Like twitter or linkedin. They cannot provide it obviously scam.

Samboo

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www.thegeomadao.com

We can find good and desperate project developers which are serious towards their product by some features. If a project is active on social sites like twitter, facebook, telegram etc even after listing on exchanges, the project is active and desperate towards developing their products. I know active projects will give profits despite late.

Ailmand

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Coindragon.com 30% Cash Back

I had stayed away from ICO beacuse of disappointment. Ever since the bear market started I have been with several.projects before and none had became successful and none of them survived. Some developers have a great way of getting investors during ICO and fails on delivering their goals in a timely mannner. Some would priorities their cpin listed thinking it would help the project grow.

DaMut

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Activity: 1274

Merit: 263

You do not have to think about it too much, just look at the project and ask them directly. What will they do with their funds(if they are running a sale)?
if they want to use the fundraising to get listed on the exchange, you can be sure that it is going to be another scam project.
for airdrop kind of project, if they are asking or offering an opportunity for you to multiple the airdrop rate. That means this is too.

as long as they are asking your money no matter what it is, you can treat them as a scam project. It is as simple as that

Greatchu

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Fake promises are very common from new developers with bad intention, they will give out huge bonuses that they can never recover from to lure investors and they will promise to list on the biggest exchanges even when they haven't meet their hardcap, investors needs to wise up

spadormie

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Stating that a project's coin will be listed in one of the best exchanges is something to look for investors. But of course you need to make sure that you are on the right path. What I meant from right path is making sure that the project is not a scam by its legibility. There are actually a lot of ways to spot it. You can even see it through their whitepaper.

jayc89

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Quote from: andreibi on September 18, 2019, 11:12:01 AM

Let me add fake developer teams and copy and paste code for the coin network. Don't believe the bullshit that clone networks are better than the original. It spells lack of coding skills, it is a dead end project.

That doesn't help the coins at all. That also seeing how the coins move in the market is going to give away signs that it's a scam.

HashieNewb

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Quote from: santiPOGI on October 04, 2019, 12:12:08 AM

Giving away so much discount to their target investors and promising a big exchange.
This are the basic promise of those scam ICO, BUt that are just speculation.
We will always see those scammers at the end if their ICO.

Pumping and dumping is what those coins are only good for. The ICO's will not help them that much.

Topic: how to detect desperate Developers and scammers - page 3. (Read 570 times)