How to know if the project is fake? - page 19.

Diamond_Darrell

full member

Activity: 1106

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♦♣♥♠

Quote from: tsaroz on July 18, 2020, 02:43:09 AM

That's a good way to start. The first thing we should do is search about the team members and verify if they are really involved in the project. Most of the fake ICO uses fake names and create new linkedin Ids with those fake names. If you encounter no other reference of the member and just a number of social profile that seem to be made recently than they are surely scam.
You can also try calling the phone number and inquiry the person who picks it up to find how serious they are about the project.

Absolutely right. Of course, this is not a one hundred percent guarantee of a successful project, but it will definitely help determine the real intentions of the developers

armanhusni

full member

Activity: 644

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it is very difficult to get a project that is real or fake. because many projects that look perfect turn out to be running fake projects and those that don't look perfect run real projects, and if we review through the addresses, many projects don't include addresses on their websites even though the projects are very perfect and very real. so many things you need to learn before you join a project

Krislaw

sr. member

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Quote from: New_order on July 19, 2020, 11:56:07 AM

1. Check for plagiarism
2. Check when the project start development, if it's same year as 2020 and few months ago be more careful
3. If the project is listed on exmarket, p2pb2b, latoken, vindax the project is undeniable useless
4. Check real profile of the team on social media, make sure they have more than one pictures of real self
5. Ask impressive questions about development and future plans

Best point so far IMO.
Plagiarism, exchange where a project is going to list or conduct IEO and profile are very important when choosing a project. A good project won't plagiarize other or list on list in shitty exchange. You will observe professionalism when you see a good project.

elementaryOS

member

Activity: 131

Merit: 10

Quote from: New_order on July 19, 2020, 11:56:07 AM

1. Check for plagiarism
2. Check when the project start development, if it's same year as 2020 and few months ago be more careful
3. If the project is listed on exmarket, p2pb2b, latoken, vindax the project is undeniable useless
4. Check real profile of the team on social media, make sure they have more than one pictures of real self
5. Ask impressive questions about development and future plans

Good checklist but I think the time of how long since the project start development is not meant much. As well as questions about development and future plans since they could pepared all of it before hand. Still, I think this is how people should do before invest in. Follow your list to see if they have any red flags.

GREENch

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Activity: 1400

Merit: 103

I may be wrong, but the most effective way to detect fraudulent projects is to check the identity of the development team. Very often even not particularly in-depth verification shows that the identity is fictional. To make sure of this, just look at the topic on the forum, there are plenty of examples.

Chuky92

copper member

Activity: 966

Merit: 5

That's really a good way to spot fake projects, also to add to yours, another way is by checking the partners they list on their website. Checking their social media presence and activeness is also another way, because a project that is proud of their works or ideas won't hesitate to post a thing or two on their social media accounts. In addition, although the team can still steal other people's profile and cover up perfectly, one can still check the team's experiences to ascertain their level of seriousness. Lastly, although it is becoming a norm to overlook ideas and focus on hype ( not all the time though), but checking if the idea is really achievable is also a good way to spot the bad ones out.

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

Quote from: bastian466 on July 19, 2020, 01:12:05 PM

Honestly I myself still have trouble determining fake projects, after reading many ways that can be done by checking research in various fields and I just heard by checking the location can determine fake projects in my opinion it is quite reasonable

Actually, most of us here are having trouble determining the fake projects,

Even if you have done thorough research to know whether if the project is fake or legit, it will still end up being a scam.

As OP said, checking the location can determine fake projects, yes it is reasonable. It is a big help to everyone, it is a must-do first because this is where we can determine if the project is really telling the truth or not regarding their location.

Majharul Saiif

member

Activity: 512

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BountyMarketCap

Still I am totally against fake project. Because the ultimate victim of fake project is bounty hunter and investors. This is not ethical for us to make fake project or to promote the fake projects to grow.

There are several reasons behind it like team member's identity, white paper, website etc. Only one factor can't define it completely.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

Honestly I myself still have trouble determining fake projects, after reading many ways that can be done by checking research in various fields and I just heard by checking the location can determine fake projects in my opinion it is quite reasonable

timmmers

sr. member

Activity: 1176

Merit: 265

You can easily reduce the risk by investing only in IEOs that are created by real professionals. If the creators have successful projects in the portfolio.
The problem is that most of IEOs are not managed by professionals, they do not understand the problems what will come when they start developing the project. Roll Eyes

kayvie

sr. member

Activity: 1022

Merit: 257

It is actually hard to know or to identify the fake project. Most of the projects can literally make their project looks legitimate and many investors have really been victimized. But for your suggestion of looking for their address thru google maps, it can be effective and not at the same time. There are times that in some locations, the information posted and the building/businesses/shop located in a certain area is not the current running business on the said location.

MikeyVeez

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Activity: 896

Merit: 102

I am still wondering why people here didn´t mention GitHub as the most important factor if the project is dead or scam. The best indicator of how the team is active in development is the number of GitHub proposals.

New_order

member

Activity: 238

Merit: 15

1. Check for plagiarism
2. Check when the project start development, if it's same year as 2020 and few months ago be more careful
3. If the project is listed on exmarket, p2pb2b, latoken, vindax the project is undeniable useless
4. Check real profile of the team on social media, make sure they have more than one pictures of real self
5. Ask impressive questions about development and future plans

memed97

full member

Activity: 1148

Merit: 101

Quote from: cytpoway121 on July 19, 2020, 10:57:44 AM

I have always been of the opinion that there are several ways to identify a fake project, but it all depends on each n every individual in the space, as a researcher, what do you see about a project? Is it the hype or the genuinety?

As a researcher who must always be seen is the real team in a project along with the project office and their collaborative partners must also be seen, it is up to the project to be hype or genuinety, clearly the things I say are things that must be seen first.

sarmrakib

full member

Activity: 1292

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Vave.com

I always read details about the project .I study on whitepaper if it is plagiarized or not .A real project has a always go through their plan and have a great platform .you may visit the scam accusation of forum to find scam project .Hope you will get it.

andycarrol

hero member

Activity: 1106

Merit: 502

Quote from: robattfield on July 19, 2020, 10:41:06 AM

Quote from: monineklutak on July 19, 2020, 10:05:58 AM

Quote from: takana212 on July 19, 2020, 07:18:49 AM

previously I have never checked the authenticity of a new project address, for now, I prefer projects that have been listed on the market, although the price is cheap but the success rate of the project is clear.

yes absolutely right, the risk is very small if the project has been listed in exchange, rather than not at all, many fake projects that appear this year, hopefully we all avoid it

It is only true when you select the altcoins listed in the major exchanges in this market, if you choose the altcoins listed in the small exchanges, I believe you will have a similar result. , the price will decrease many times and you will lose money with it

sometimes the founders of the project will try other ways, maybe by building their own exchange project and making IEO run on the exchange as happened to the BCNEX exchange, which currently has a scam, so you have to stay alert when you want to participate in a new project offer.

CashbackLover

member

Activity: 196

Merit: 15

Sovryn - Brings DeFi to Bitcoin

There are many ways to spot the real intent of a new project, through asking tough questions you can burst a project if it's a scam, scammers don't like been asked tough questions, they will just get you blocked if your questions are too hard to answer but still you can't escape falling victim once in a while

cytpoway121

member

Activity: 1540

Merit: 68

I have always been of the opinion that there are several ways to identify a fake project, but it all depends on each n every individual in the space, as a researcher, what do you see about a project? Is it the hype or the genuinety?

rahmatullah9305

full member

Activity: 983

Merit: 100

Quote from: M Sarwar on July 19, 2020, 10:01:08 AM

We are in a very active forum, lots of members cared for the community, so once the project listed is scam, it would certainly receive a negative tag from DT members but some pretty good projects also make public introductions in a normal way and ultimately succeed.

It is indeed appropriate for fraudsters to receive it, because this is every manager always checks the project before he manages it, because if there is already a negative thing in his account, it will be difficult for everyone to trust in the forum.

robattfield

full member

Activity: 783

Merit: 108

Quote from: monineklutak on July 19, 2020, 10:05:58 AM

Quote from: takana212 on July 19, 2020, 07:18:49 AM

previously I have never checked the authenticity of a new project address, for now, I prefer projects that have been listed on the market, although the price is cheap but the success rate of the project is clear.

yes absolutely right, the risk is very small if the project has been listed in exchange, rather than not at all, many fake projects that appear this year, hopefully we all avoid it

It is only true when you select the altcoins listed in the major exchanges in this market, if you choose the altcoins listed in the small exchanges, I believe you will have a similar result. , the price will decrease many times and you will lose money with it

Topic: How to know if the project is fake? - page 19. (Read 6528 times)