Topic: How to know if the project is fake? - page 20. (Read 6550 times)
The best way I know is by during good research about the project team, read about the CEO, advisors and other key members of the team, another way is by checking their partners if they are actually partnering with any well recognized company or personnel in the cryptocurrency industry, with this I think you should get the fact you want.
One thing I notice that most of the fact crypto project is not so active in social media. Also, you can check here in the forum for top rank member's opinions. You will find many projects that is a market and verified as a scam project by the top and reputable Bitcointalk members. Also always keep an eye on social media for a new updates about scam projects.
Nowadays, most projects are hiring specialized people for being active in social media. When they are having dedicated people for each and every activities of their project then the chances for finding fake project is becoming too difficult. I completely agree with you for going with top rank's view and opinion. When experienced people are helping us then the chances for finding legit project will be too high. Still, we need to remember that even experienced forum members are getting scammed by highly planned ICOs.there are many ways to identify a project scam or not, it's just that we don't know when we found it.
That is the reality. Until you experience everything goes smooth, you will never find out whether a project is legit or scam. Only when we start finding problems we may start counting them into scam category and the efforts and money we have put into them until then we'll go in vain; no other go.
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
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.
identify the project as a whole, or see the details of the project, fake or scam projects usually copy copies of other projects and use good promotions, so the project looks real.
but some pretty good projects also make public introductions in a normal way and ultimately succeed, so it's rather difficult to distinguish if only doing a few times of research, but it will be seen if it is used.
but some pretty good projects also make public introductions in a normal way and ultimately succeed, so it's rather difficult to distinguish if only doing a few times of research, but it will be seen if it is used.
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.
Investing in altcoins already listed in the market is much safer. Currently new projects are too risky, there are too many scam projects that want to steal money of investors and disappear from this market.From my 3.5+ years of experience, I would say that even those coins and tokens that are listed in the exchanges are also not 100% safe. In the past, I had invested in coins such as BSD and GBYTE, which were listed in the exchanges. These coins have lost almost 99% of their value and they are in the process of getting delisted. So you can't trust all the listed cryptocurrencies. Needs to do research before investing in them.
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.
Investing in altcoins already listed in the market is much safer. Currently new projects are too risky, there are too many scam projects that want to steal money of investors and disappear from this market.From my 3.5+ years of experience, I would say that even those coins and tokens that are listed in the exchanges are also not 100% safe. In the past, I had invested in coins such as BSD and GBYTE, which were listed in the exchanges. These coins have lost almost 99% of their value and they are in the process of getting delisted. So you can't trust all the listed cryptocurrencies. Needs to do research before investing in them.
Checking the address and location to know if it's real and also checking if the teams are really involved In the project or just using fake profiles to get things done. This two will open up a fake project .
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.
Investing in altcoins already listed in the market is much safer. Currently new projects are too risky, there are too many scam projects that want to steal money of investors and disappear from this market. A couple way how to spot the fake project has mentioned, for me If there is a new project I will try to see the review of the member in this forum, if there is a questions from members and the answers is suspicious or absurd, it could be the project fake or just made to raise money from investors, I will stay away from those projects.
The same with me,i'm don't know how to identify the scam project very well that's why i always read the review of the members here in forum to become updated about the project. Sometimes ,there are project that have a good start and the whitepaper is great but the problem is the lack of good marketing strategy that turn them to fail and the other thought that it was a scam. 
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, and maybe some other people also like the same thing as you, because they also don't want to take the time to check the wallet address of the project, they are more likely to check which tokens are listed on the exchange, so that when the tokens are distributed they can be directly sold to the exchange that.
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.
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.
Most crypto investors or traders don't bother checking the address as they can lie at times, because they don't have any real office address,only valid projects have a real office address. 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?
In order to identify any fake project, first thing we should do is to do a good research about the project, check the dev. team members they claim to have and verify if they are really involved in the project, although lately it's been really difficult to identify a fake projects, because scammers are becoming more clever as the days go by, they keep bringing up new techniques to make a fake project look real, so we should be very careful when investing in any new project.
Thank you for the insight as it's very important one checks whatever he or she wants to invest properly before investing. It saddens my heart the high rate of scams these days. Everyone should always ensure they check team, address though some hardly put address. I know of some projects especially privacy coins that claims anonymous, these projects can't be located because it has no information but best is to always follow them up to an extent true will show forth.
Nowadays, it is really hard to identify on which is the real one, the fake one and the scam one for the reason that scammers and let us include also the hackers who are making fake and scam projects are unbelievably improving their skills to make such schemes to look so natural and real on the first glance. You won't identify it easily by just checking up the whole thread so, you need to do manual researching on the essential things that you need to find out on the main background of the project. But still on that manner, they can be able to save themselves to look everything seem legible. So doing research is still not enough that's why there is a need to do observation on the project and see other member's opinion regarding the project once a concern member created a thread about that which is rare and impossible to do at all times because there are too many projects in the forum.
So, identifying a fake project would really take time to be done nowadays because of those reasonings that sometimes or most of the time turns out to be exposed when the project was already done and many have already been victimized. So to identify such fake projects, you need to keep a tough eye close into the project and observe every details that you can find suspicious and let yourself judge if you will trust and join into it or not.
So, identifying a fake project would really take time to be done nowadays because of those reasonings that sometimes or most of the time turns out to be exposed when the project was already done and many have already been victimized. So to identify such fake projects, you need to keep a tough eye close into the project and observe every details that you can find suspicious and let yourself judge if you will trust and join into it or not.
It's always better to spend sometime before enrolling for a new project and it's not rocket science to spot the fake projects as you will be able to do that by going through their whitepaper and check if it's not plagiarized from other projects because a fake project jut copies ideas from a random projects, verify the team members profile through Linkedin by going through their previous works verify it by reaching out those involved with them on previous projects, don't go for a project without real office and eve if an address is listed please verify the same because i have come across projects which does provide random European address when the management is based in other continent.
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 identified the project as a fake or not by reading all the information, the more information and behind a project, there are big people who support, I believe the project is good.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?
But if their social media is incomplete, the team is anonymous or usually takes people's linked profiles, whitepapers, or project roadmaps they are weird I think it's fake and they want to threaten you. basically multiply research and look deeper into a project that if you are interested.
So in essence, what I have learnt from here is
1. Look out for the project's address, google to make sure it real, map could help here.
2. Check social media account if new, check face, etc
3. Look out for team members if they really promoting the project or just some paid managers
4. Check for license, website, white paper.
What else I'm I missing,? Pkease add
1. Look out for the project's address, google to make sure it real, map could help here.
2. Check social media account if new, check face, etc
3. Look out for team members if they really promoting the project or just some paid managers
4. Check for license, website, white paper.
What else I'm I missing,? Pkease add
There is indeed lot of analysis about team members because every scam project using fake profile image. I want important project power like partnership with final ieo update. I deep now i will forget thoes project ieo which exchange p2pb2b, probit ,vindex , latoken because there has more chance for scam.
When you read their paper and it looks too good to be true.Also check their whitepaper for plagiarism.Check the interface of their website, some fake projects you will find errors and poor website.However, have it in mind that some will pass all checklist but still will be scam project or project may fail due to lack of fund eventually.Crypto world is really is a gamble, we can never be too sure.
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