Topic: How to identify SCAMS? Got in one :( (Read 508 times)

the scam is not an easy thing to predict. This is evident because many were still trapped and enter into the scam happened. But even so, sometimes the analysis will also be helpful to predict this thing though is not appropriate. see the concept is there, the team behind them and also wallet became the thing to do.

But we all understand that the white paper and the analysis of the team is only a small part of the test of the viability of the project. We still need to realistically evaluate the soft and hard caps and the idea itself.

I think there is one thing you can do to proves it a scam or not. You can visit their office in the other country, and then you meet the dev and the teams directly so you can know what exactly they did with the project. But you must spend more budges to go that places and I think it's not cheap to go there. We cannot identify they are a scam or not if the project was on the internet because it is hard for ordinary people to know about them. They can easily change their identity into other people in any minutes, and they create the new project with the other people name and profile.

A project without team picture is one of the reason to identify a scam projects because if they do not have a bad intentions they will not be afraid to show their team pictures,and there is also a project that you will not trace it directly because you will see that admins is very active and they are spreading a good development to their project but you will know that the project you participate is scam in the end because they lost like a bubbles.

Mi think avoiding them is good but how do we identify them is the issue at hand
Because fraudulent icos or stos come with swagger and beautiful white papers which can wow any investor

What further identification can be done

The best way to deal with online scams is to avoid them entirely. After all, you don't want to have to repair damage later.

Tell me how successful they are. They don't even have money to list in a larger exchange. Etherdelta is a bad and free exchange that I know. I met hundreds of bullshit projects but they still listed in much larger exchanges

It is not that easy to identify potential scam ICOs. Because people are smart enough to modify and make up their project to showcase like a legitimate one. That is the reason, most of the time this community is failing to identify the scam ICOs. Only after getting them listed into exchange and heavily dumped, people start realizing about their scam. Because, such a scamming project's coins/toekn will never find recovery and then it will get delisted from exchanges. But, this kind of identification will not be having any significant benefit for the investors as finding a scam is being done here very lately.

Identifying scam projects is too difficult because of two reasons. First one must be, some projects are not intentional scam but unable to manage them properly they are failing and then scamming people by not keeping their words. Another type must be, even a project is good,  when they are not able to convince people to contribute into their ICO, they are failing and then it seems like a scam to people.

Obvious scams can be easily identified when they are not smart enough for hiding them. But, when an experienced gambler is coming up with a project, we may fail to identify them as it is too difficult job for anyone until experience that scam by ourselves.

Determining the scam ICOs at the very first place can't be done. They are sweet in the beginning and you can't think of them as a scam but time will tell on how shady their plans are when you've got to know them better. Finding for a genuine and legit projects now is still possible but chances are low as most of them are stopping themselves to continue the project itself. But if you ever find one, do all the effort to verify everything related to that project to protect your money.

I have invested 2 ICO in last year, they have the big success in the ICO, but after the year they only listing in the EtherDelta, another one, they have sold around half of the token, but they still have not listed in any exchange, and I can't find any update about the project now, this such is the scam project.

The situation with the analysis of projects today is not very pleasant, because most people in the end can not work properly and the right approach to the project. I am sure that today you can do it, but at least reduce the risks.

I am concerned about the fraud that you experienced, because now there are many like that, at first it looks original but they cheat after many people invest in them, so now many investors who have less confidence in ico and new exchange, there is no that can be done except be patient and be careful about choosing another investment place.

Lerning about the project team will help us to identify scams and we need to deep research about the whitepaper and the idea behind the project will make our money worth or not.

In 2019 we may see more projects gets resumend so hope for better future of ICO market.

It is necessary to study the project in great detail: the team, whitepaper, ratings, product, and so on. But still there is no guarantee that this project will be successful. Now it is very difficult to find a worthy project.

In the current state of an unregulated ICO, it is impossible to determine the fraudulent ICO project in some cases. Therefore, when joining the ICO signature campaign, we still always have the risk of joining the fraudulent ICO project. We do not have the capacity and authority of law enforcement agencies to carry out such an inspection. We cannot see and communicate directly with the ICO team; these individuals are usually located in another state or even in some states at the same time, and all this makes it difficult for us. Only law enforcement or regulatory agencies at the place of ICO registration can identify the ICO team.

Usually the ICO project of the scam will only happen among the niche investors. First, observe how many people are concerned about this project, and then investigate the specific information of the team members.

How many guides on the forum, but they can not be guaranteed. There are opportunities to reduce risks, this is true. But in most cases, of course, much depends on the person himself. What will he choose and where will he send the money.

Desico is next...

https://bitcointalksearch.org/topic/desico-is-a-scam-5092272

based on my experience, doing a lot of research does well against scam ICO or campaigns. identifying if those so called admins has a real profile and shows that they are really aware on what they are into because some are just being used to represent ICO so that they could at least say that they have a legit member on it, increasing the number of people being scam.

There are many indicators to seeing if a new project ICO or coin is a scam such as:

1) Team is completely ANON.  This may not always 100% equate to the project/coin being a scam and depending on the goal of the project anonymity may be desirable.  If the team is anon then we should see something tangible in the process such as major name vouching (like well-known supporters even if they do not directly own the development of the project) or an actual product and revenues.

2) Look at the bounty and fund raising.  Do their bounties pay weekly or at the end of some long several months period?  If they pay weekly then it's less likely to be a scam.  If they pay at the end of a month or more then they are probably on an exit scam for that period of time.  Do they allege to have raised millions in "private sales" pre-pre sales with no proof that so much money was raised?  Probably a scam aimed at getting people to buy into the new "pre-sale".