Topic: How to detetct any scam projects? (Read 406 times)
To analyze fraudulent projects when it is very difficult because they have designed the whitepaper well and no one can be suspicious so they look like a project that has potential, then in this case we can see a little bit of the performance of the team that manages a project if indeed they always respond to every investor who experiences complaints then the project is usually worth following.
I tend to agree with what @AmoreJaz said.
To avoid getting scammed 100% of times, one would need to stop investing completely. But of course that would not be the case because we are here in this forum after all. So we can only minimise the risks that have the biggest impact like not revealing private keys, keeping your devices secure.
Beyond that we need to investigate the suspicious projects like many other users in this forum are doing and reporting in this forum's scam accusations section.
Well, I think that's the only way to minimize risk so that people avoid being scammed. however, if we want to be completely safe, we better need to find a job that can pay us every month. very true that investment is a risky place to increase the assets we have. in fact, no matter how well we research, it's still there. it's just that people don't realize it and don't want it to happen. It is very true that the way to avoid scam investments 100% is to not invest, because when you have invested, the percentage will decrease. To avoid getting scammed 100% of times, one would need to stop investing completely. But of course that would not be the case because we are here in this forum after all. So we can only minimise the risks that have the biggest impact like not revealing private keys, keeping your devices secure.
Beyond that we need to investigate the suspicious projects like many other users in this forum are doing and reporting in this forum's scam accusations section.
We can analyze it in many ways, but in my opinion the simplest is how the dev or their team develops their project and then does regular updates every time specified. Usually scam projects don't have progress on team work or applications, they only offer public sales with big discounts on their social media, until the public sale ends and not long after the list is on the market they disappear.
Simple analysis in terms of daily news updates on twitter, although regular news updates are not an indication of project progress because it depends on the reputation of the project and the concept being developed, so there should be many other important analyzes to note from a quality project before we invest. 
Can anyone explain how to analyze a project so that one can escape from getting scammed?
Stop looking at things that promise and give quick profits as they are not suitable for new entrants to any field. What we are lacking is easily absorbed and the flashy information that comes with it only blinds us. With the top things, it takes time and the process to fully experience them. To get the right perception of failure and success, As for myself, participating in this market, I always give advice to those close to me, buy BTC if you can buy it without worrying about personal finances, and only BTC if you don't want to complicate things with circular information. 
Can anyone explain how to analyze a project so that one can escape from getting scammed?
We can analyze it in many ways, but in my opinion the simplest is how the dev or their team develops their project and then does regular updates every time specified. Usually scam projects don't have progress on team work or applications, they only offer public sales with big discounts on their social media, until the public sale ends and not long after the list is on the market they disappear. 
Can anyone explain how to analyze a project so that one can escape from getting scammed?
It's really hard to analyze the project even though you check their website, whitepaper, the team behind the project, and social media. They will hide anything that can against them and take down those who will accuse them that they are scams like on Discord or Telegram channel.
That's why you will need to check the supply, market cap, and how they communicate to their investor since they will surely have a lot of fake accounts to provide a good reputation to them.
Much better to invest in a solid project that really has the potential to increase their value in the future.
I tend to agree with what @AmoreJaz said.
To avoid getting scammed 100% of times, one would need to stop investing completely. But of course that would not be the case because we are here in this forum after all. So we can only minimise the risks that have the biggest impact like not revealing private keys, keeping your devices secure.
Beyond that we need to investigate the suspicious projects like many other users in this forum are doing and reporting in this forum's scam accusations section.
To avoid getting scammed 100% of times, one would need to stop investing completely. But of course that would not be the case because we are here in this forum after all. So we can only minimise the risks that have the biggest impact like not revealing private keys, keeping your devices secure.
Beyond that we need to investigate the suspicious projects like many other users in this forum are doing and reporting in this forum's scam accusations section.
Can anyone explain how to analyze a project so that one can escape from getting scammed?
That's very difficult in my opinion if you mean a new project. Because there are many factors that determine whether the project is real or a scam. But if you want to invest I suggest following experienced people. You can learn from social media or telegram groups. Or you can try investing in the top 10 coins/tokens in the crypto market. The conclusion is, I think 90% of people can't tell if a project is a scam or not if it is a new project.to be honest, that's true. the fate of the new project is hard to determine. in this forum alone, we have seen well-written whitepapers, well-prepared projects but at the end of it, the team disappeared after collecting from their investors. this is why am not investing anymore in this ico, ieo or any other crowdsourcing projects. even if you do your research or the project is promoted by well-known BM, it doesn't stop them to screw people if they want to. as most are anonymous, you have no way of tracking them. if you want a lil bit peace of mind, just keep looking at the top alts which are in the market for years.
Can anyone explain how to analyze a project so that one can escape from getting scammed?
That's very difficult in my opinion if you mean a new project. Because there are many factors that determine whether the project is real or a scam. But if you want to invest I suggest following experienced people. You can learn from social media or telegram groups. Or you can try investing in the top 10 coins/tokens in the crypto market. The conclusion is, I think 90% of people can't tell if a project is a scam or not if it is a new project.
Most of the scam projects have poor development and poor solution to their project and most of them are copy cats, some doesn't have complete information like no infromation of team member but some projects are complete and they are improving with their scam scheme and honestly it is hard to detect if the project and scam since it is hard to differentiate it nowadays.
This is not true. I believe that these days scam projects usually end up with much better development. I have seen plenty of projects where if the scammer didn't just do a scam project but went with a real project, they could have actually gone to a good level. But at the end of the day, they prefer quicker money and that ended up with people with talent to end up building great scam projects.This has caused a lot of people to get fooled into thinking those projects are real, because of how much effort and talent put into it but that resulted with basically just a pure loss. I hope that there will be a clearer distinction, usually KYC is that thing.
Can anyone explain how to analyze a project so that one can escape from getting scammed?
This is the best time to be investing right now because you can buy L1 chains that have proven themselves as being blue chip investments at a two year low price. I'm investing in HBAR and ICYp right now but there are a lot of good buys without the risk of investing in something new that might turn out to be a scam. 
It's mostly your own personal judgment at some parts. Like is the project reasonable, do they have their roadmap set and can fully satisfy the conditions set at each part, is the project even feasible in the first place, is there something backing up the project or is the idea even worth backing up kind of stuff. It's hard to be one of the early investors since 99% would be scams, but if you find a legiit and good project, as an early investor, the returns you could get would be pretty insane imo.
If you're new to investing though, just avoid new projects. Go for the low risk ones, they may offer lower rewards, but at least it's much safer than investing in a new project.
If you're new to investing though, just avoid new projects. Go for the low risk ones, they may offer lower rewards, but at least it's much safer than investing in a new project.
There is no concrete indicator regarding how to identify a scam project, when the creators were doing shady things and the community was starting to understand it, and when it would be the ideal moment to exit the project. You must be aware of the developer's background, whether there have been any instances of plagiarism in the project, and many other factors. You should look into the scam allegation areas. When the creators were performing one or two dubious actions, it may be an indication that the project would quickly turn into another scam enterprise. If you don't want to be scammed, don't invest in a high-risk project.
Therefore, try as much as possible not to be in a new project, if this type of person does not want to risk being cheated. The concept is simple, the habit of new projects is more vulnerable in case of fraud, which is caused by several factors intentionally or not, but in the case of old projects we rarely find fraudulent projects intentionally, but that does not mean we want to say that new projects are more likely to be fraudulent and when compared with old projects, these are just most of the examples we found in crypto 
There is no concrete indicator regarding how to identify a scam project, when the creators were doing shady things and the community was starting to understand it, and when it would be the ideal moment to exit the project. You must be aware of the developer's background, whether there have been any instances of plagiarism in the project, and many other factors. You should look into the scam allegation areas. When the creators were performing one or two dubious actions, it may be an indication that the project would quickly turn into another scam enterprise. If you don't want to be scammed, don't invest in a high-risk project.
We usually do an in-depth analysis before investing, such as reading the whitepaper, the team, and analyzing the project as a whole. That will at least have the potential to avoid a scam before you make a decision to invest, this method is always used by investors because one of the most effective ways is to look at the fundamentals, roadmaps, and project documents. But if you mean a scam calculator review website, it doesn't exist, if it exists it's definitely not accurate.
I am amazed that you have some points of analysis before investing in a new project so it really should be understood by everyone to avoid scam projects, because many beginners are only attracted to the hype of new coins for instant profit but are not aware of the risky investments. 
If you avoid scam projects, you should little own research, if you want to check already listed projects in coinmarketcap that or scams or not then you need to check their rank and their exchanges some listed on Dex like pancakeswap or low-rank exchanges where trading volume increasing with the bot and pumping with a bot you should not invest low-rank project and check their social media and partnerships and also contract address should be verified and audited by companies. If the project is not listed in coinmarketcap then you need to invest in the project very carefully because most the projects pump their altcoin after that is gone, you should check their community and contract address are verified or not. so you can detect scam projects by your little research.
Can anyone explain how to analyze a project so that one can escape from getting scammed?
We usually do an in-depth analysis before investing, such as reading the whitepaper, the team, and analyzing the project as a whole. That will at least have the potential to avoid a scam before you make a decision to invest, this method is always used by investors because one of the most effective ways is to look at the fundamentals, roadmaps, and project documents. But if you mean a scam calculator review website, it doesn't exist, if it exists it's definitely not accurate. 
Analyzing whether a project is a scam or not is crucial and challenging. Indicators are some kind of one size fits all, in assessing if it is a scam or not. Although, we could specifically look on the team, its dynamics, and other stuff related to checking its credibility, some projects require thorough investigation. Some may even require time specified observation to see its performance and all.
We can check in here https://scam-alert.io/ if the project and the team look suspicious.
Before I'd look at their market review and feedback but to know that these aren't reliable enough to say if they are legit or a scam as they are somehow manipulated and mostly paid review for the sake of making it good to read.
and also we have to consider these things,
- transparency
- liquidity
- use case
Before I'd look at their market review and feedback but to know that these aren't reliable enough to say if they are legit or a scam as they are somehow manipulated and mostly paid review for the sake of making it good to read.
and also we have to consider these things,
- transparency
- liquidity
- use case
Can anyone explain how to analyze a project so that one can escape from getting scammed?
Scam projects cannot be predicted with 100% accuracy, nor are there any assistive tools or websites to track real scam projects. That's why here we are always warned before investing should be DYWOR, because it involves the risk of loss if the project is a scam. The recent news is that even ranks above 10 in CMC can just be a scam, with a price drop that can't be recovered, so those who really know the scam for sure are none, but analysis is mandatory, at least it helps you to believe in the project have potential in the long term.Jump to: