Topic: How to know if the project is fake? - page 12. (Read 6528 times)
There are several ways for detecting fake projects. One of the most obvious way is by checking the profile of the team to see if they are real people or don't exist. Many fake projects create new social media accounts for their dummy team, it's quite obvious to detect newly created accounts. Some don't even publish the team, does projects are best avoided. Another approach to getting fake projects is to study the whitepaper and check if its plagiarised. No legit project would plagiarise her whitepaper.
Check the identity and legality of the project, also the identities of the team members. These are the main factors to analyze in order to avoid fake projects. Also, we can learn its whitepaper and social media. Get strange or unusual things there. If you found it, you should suspect the project isn't a real one.
I do agree that you may know a project is fake by checking their physical address on google but some actually have a legit office address and can still exit scam. They can get the best score on best ICO review sites.They can have a whitepaper written by a professional with 0% plagiarism, but the credibility of the team members and devs are important. Knowing their past experience and history. Also what kind of advisor do they have. We can actually confirm identity but what if the project genuinely failed with real team but unable to complete development (this is where the credibility of the devs comes in) They need to be competent enough to actually implement their roadmap. Nothwithstanding, a project can be so good but still fail due to market condition etc. I guess what i'm saying is that this crypto space is a risk/gambling zone. There are no guarantees
i always check their if its verified and i dont really care about the ratings of their ICO because it can be faked.
It can be verified through browse it in the google and try to see whether it was running by fake team or not. The rating doesn't matter a lot caused by people are taking the product and the team as the critical points to determine how good the project.
This is based on my experience right now.
Most projects now are anonymous, and it's very difficult to see if you use location maps like that, usually, I see contracts that they make whether clones of another project or not, and some of the odd whitepapers or roadmaps are usually also indications of fake or scam.
conducting research is also important so that they do not jump into the bounty or become their investors, take a look before taking the risk so that they do not regret later.
conducting research is also important so that they do not jump into the bounty or become their investors, take a look before taking the risk so that they do not regret later.
I think one thing is for sure if a project is really fake, it is the staff members using different people's names or identities, in short fake team and also they would use a plagiarized whitepaper. So if this thing is accused to them, their project would be definitely a fake and scam.
Fake projects can only be identified by a number of factors, in my opinion, if the project closed sales can manipulate the results of the funds, lack of the latest updates, whitepaper that does not make sense maybe from there the scam project will be seen
There are several systems for identifying fake projects.However, the address of the project will be fake.And Facebook and LinkedIn profiles will be fake.Not all of his addresses can be tracked starting from the address.And the BTT profile will be newly created.Hunters will not pay.And the web site will not be so strong.
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?
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?
Most of the fake projects in cryptocurrency are really expert in communication that's what I had noticed for a couple of years staying here in this field of industry. They made a lot of promises, all sweet words that will attract the investors to invest to their token they are promoting it while it is running. And they always plagiarized their Team, whitepaper and Roadmap as well.
There are many such sites in this market and most of them are shady, they will receive money from those projects and make fake reviews to deceive investors.
This is what makes a lot of fake projects, by giving high rating to their ICO, as if the project is so attractive to many investors. Is there a rating that the project that we really can trust or all fake? i always check their if its verified and i dont really care about the ratings of their ICO because it can be faked.
You are absolutely right, never trust the websites ranking ICO. There are many such sites in this market and most of them are shady, they will receive money from those projects and make fake reviews to deceive investors. 
i always check their if its verified and i dont really care about the ratings of their ICO because it can be faked.
ICO rating can't be a point to determine whether it was a legit or scam project. The technical view, track record, product and many more should be the main consideration before try to invest in the ico. This is a common thing that everyone must know how to do that. 
We're the same actually, I don't even give time to check their location if it's real or just wasting our time and effort.Anyway thank you for reminding us.
You must also check the team too as scammers were always using the fake identity to be mentioned as the team for the project. You should put the more time to check whether it's a trusted project or not. This is about how we can secure our money from scammers.
i always check their if its verified and i dont really care about the ratings of their ICO because it can be faked.
We're the same actually, I don't even give time to check their location if it's real or just wasting our time and effort.Anyway thank you for reminding us.
You must also check the team too as scammers were always using the fake identity to be mentioned as the team for the project. You should put the more time to check whether it's a trusted project or not. This is about how we can secure our money from scammers.
There are no easy ways to determine a fake project. Even if a project has a high score on ICEO review sites, or non-plagiarized whitepaper, or even a team being available for AMA etc. Crypto space is a risky space hence you can't be 100% sure. The best we can do is do a research about a project, what solutions are they bringing to the table. Most of the fake projects are just copycats with no real usecase, they tend to promise more than they can deliver and sometimes looks too good to be true. Do not fall for FOMO, if possible wait until they are listed, or never invest more than you can afford to lose
Detecting fake projects is not a straight hunt, some times you can detect scam projects with easy questions that only a genuine project will have answers for and sometimes scammers use stolen identity or fake partnerships, all you will need is good research
Yes researching is still the best key to know if the ptoject is legit.Usually they are using fake identities. So google is the answer for that.
I participated before in bounty with an exact address but turn out its not their business and fake. They just use the location to make their project seem real.
It is difficult to identify a fake project, but it is better to just join ieo on reputable exchanges because they have verified for you, and certainly when you invest, you will gain profits such as binance, okex , ...
Okex is not really safe, recently they browsed a scam project. But it was quickly discovered and they were removed from the exchange. Be careful when joining IEO in this exchange because I don't see any really good project
Sometimes the location which is mentioned on the info of the project -fake. So I think it's just a way that someone can make money, just start new projects
If the location mentioned by the project is false, then the project team must also be questioned, because they could be scammers disguised as good people, so be careful to believe in such a project.
It is difficult to identify a fake project, but it is better to just join ieo on reputable exchanges because they have verified for you, and certainly when you invest, you will gain profits such as binance, okex , ...
It's not so difficult as you said dude. I should remind you that when it comes to the big exchange site and any project can be considered as a trusted project but you must remember we have seen so many people have already mentioned the correct points about that. Jump to: