How to know if the project is fake? - page 11.

havoc928

full member

Activity: 379

Merit: 100

Decentralized Ascending Auctions on Blockchain

Quote from: blckhawk on August 04, 2020, 09:31:49 AM

Quote from: BestEarningTips on July 18, 2020, 02:37:03 AM

Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.

So how do you indentify if the project is fake?

Well I haven't tried it yet but it is sound interesting so I would try it later. My way of getting know a project if it is scam is through their team, I usually check their background info if they were really into the project. Besides, I choose my bounty campaign through the manager who handled it, I usually participate in the project run by reputable manager.

You two are right! Combine your all methods will even be better. Checking their team's member and see if there's any people has reputation or bad information. Also, check the address of the company to see whether or not it's accurate. It's a good method to rely on bounty manager reputation to judge the project! Trusted bounty manager always chooses very carefully when manage a project, so it can help us somewhat.

blckhawk

sr. member

Activity: 1526

Merit: 332

Quote from: BestEarningTips on July 18, 2020, 02:37:03 AM

Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.

So how do you indentify if the project is fake?

Well I haven't tried it yet but it is sound interesting so I would try it later. My way of getting know a project if it is scam is through their team, I usually check their background info if they were really into the project. Besides, I choose my bounty campaign through the manager who handled it, I usually participate in the project run by reputable manager.

criket

full member

Activity: 896

Merit: 100

I'm classified as a fool in analyzing a scam or good project. in participating in a bounty campaign, I only saw projects that many people participated in. or follow a certain bounty manager. some I see their team. but mostly I'm sure of projects that are already on the market.

nomenclatur

sr. member

Activity: 1344

Merit: 250

usually see the whitepaper and their teams to ensure project ico it's a scam or not because the team they could be fake whitepaper plagiarizing other projects are also many better ways to ensure the project ico it's a scam or not many ico adding teams with names famous for attracting investors to be attracted to invest when all the fake better ensure direct on twitter or social media to make sure it was real.

amonymous

full member

Activity: 1177

Merit: 102

Quote from: marilynmanson21 on July 18, 2020, 03:16:13 AM

The first thing that I always do is checking their social media updates, like from it's twitter, telegram, github, since that was the place that will give me some kind of information about the project and it's update. After that I will check to it's website, looking out for their Team Members and making sure all of them are actually real, it's name, it's face, because a fake project will definitely not gonna put their real identity.

spare research their future plans about IEO and they want to process any exchange that IEO. Mandatory fund rising and for this they'll need to reach out to a lot of investors and implement product improvements. Research Replacing their partnership Because having a strong partnership in a project means the project is a tough tool.

Inkdull

member

Activity: 238

Merit: 10

As a newbie just safe yourself the headache and go for IEO on binance exchange, binance exchange are experts when it comes to accepting new projects on their platform, if you can join IEO from binance you will easily make quick profits, better than trading

jennerpower

member

Activity: 255

Merit: 11

First of all, you need to do a background check of the said ICO. Start with their developers, do a profile check if they are really involve in that certain project. Check the website and the plans (e.g. whitepapers, mission and visions) with this you can see if those company are actually trying and doing their best to make their company grow. You can join their community if they are active and see their dedication and service to their followers.

dragon695

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Activity: 449

Merit: 103

Decentralized Ascending Auctions on Blockchain

Quote from: AbNewton on August 02, 2020, 04:34:48 PM

I would try to identify the team behind a project that I found interesting enough to make an investment to see if they're legit. Usually by asking their last experience on other projects, how they come to crypto, how long they have worked together as a team. If they're fake projects, those questions should have some contraction enough for me to raise a red flag.

I agree! Asking the project teams about specialized questions that need specialized knowledge and experiences to answer can help you to identify them. A fake project that runs by scammers can't answer too much specialized questions. Let see if they avoid to answer those questions, you should remain some doubt in your mind. Also, look for their name, their reputation, their company location and see whether it's real or not!

Princeofpoetry

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Activity: 686

Merit: 28

PUGG.io

Quote from: Jamalmg on August 02, 2020, 04:02:16 AM

It is really important to identify team is real or fake but most of people don’t understand how to identify and most of hunter don’t need to identify even if the project is fake they have no problem, thanks for the post, i am check everything, i don’t want to promote fake project,

Actually you can use the web and tools to indicate fake projects and scams as :
1.https://www.reverse-image-search.org
2.https://www.duplichecker.com

You can get more information in this thread https://bitcointalksearch.org/topic/share-website-dan-tools-untuk-identifikasi-ico-ieo-palsu-scam-5210750

Slingshot

sr. member

Activity: 616

Merit: 250

Many will also drop fake location that one won't be able to trace. I have seen a project from another country but claimed to come from there so best is for one to always follow them in several ways not just location alone. Some even do hire people to represent them as CEO just to hide identity. I would advice we wait for some projects to reach a certain period before we place huge trust on them. I still support old standing firm projects not new ones.

AbNewton

member

Activity: 126

Merit: 10

I would try to identify the team behind a project that I found interesting enough to make an investment to see if they're legit. Usually by asking their last experience on other projects, how they come to crypto, how long they have worked together as a team. If they're fake projects, those questions should have some contraction enough for me to raise a red flag.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Quote from: aria.newman on August 02, 2020, 08:40:09 AM

When I doubt that a website can be fake, I always look at reviews on various sites and already form my opinion about this website.

Earlier I used to read reviews from various ICO review sites before investing in any such projects. But later, I realized that many of these review sites are also biased. In some cases they take money from the projects, in return for favorable reviews. So we can't blindly trust any of these sites. It will be better to rely on reviews from multiple review sites, and to do your own research.

aria.newman

jr. member

Activity: 59

Merit: 1

When I doubt that a website can be fake, I always look at reviews on various sites and already form my opinion about this website.

Pecunia non olet

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Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

At first check the team members on Linkedin, check if the profiles are real, check the past experience. Secondly, check if the company has a real location and if it is registered. If everything looks great, then you should be safe that you deal with a real company.

shaheer001

full member

Activity: 1274

Merit: 100

I personally check the Team first is the team social accounts are real? and the team has any experience in the past the check the project partners If they have partners, are the partners are well-known by market. Check the IEO platform if it is the low-grade exchange then reject it. Also check the roadmap,whitepaper and the project future plan.

Jamalmg

jr. member

Activity: 56

Merit: 2

It is really important to identify team is real or fake but most of people don’t understand how to identify and most of hunter don’t need to identify even if the project is fake they have no problem, thanks for the post, i am check everything, i don’t want to promote fake project,

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: daglordjames on July 28, 2020, 10:41:19 PM

i always check their if its verified and i dont really care about the ratings of their ICO because it can be faked.

The technical aspects related to the project should become our main consideration. Rating is a crap thing that can't be used to know whether it was a good project or not. A good project will always launch the beta platform before it will try to do an ico to make investors feel amazed.

Aqib Sarwar

newbie

Activity: 28

Merit: 1

The projects are fake if:
1. They have no exact team
2. Their project is too high
3. they hase quite similar Whitepaper with others.
4. They have no exchange tolist
5. Their community looks strange and they are quite enough.

I think that the most scam is that the projectw ill not list their coins on exchanges.

Towerbreeze

member

Activity: 166

Merit: 10

Sometimes you can't outsmart scammers but still you can detect scam projects if you are very patience and observant, scammers don't like showing their faces, they always love to use others identity which is stolen and also look at roadmap and white paper too for any plagiarism

CryptoDost

jr. member

Activity: 189

Merit: 1

I was a bounty hunter and was very disappointed when the project I was working on was a fake project. Checking the address through Google Maps is very important. If the company address IEO/ICO is not trackable, it may be a fake project.

I still have some way to do the identification of a fake project.
1. Whitepaper Analysis (The CRYPTO Project whitepaper provides important information such as Project Roadmap, background, and strategy).
2. Beware of the team.
3. Notice the views of other investors.

Topic: How to know if the project is fake? - page 11. (Read 6528 times)