Pages:
Author

Topic: How to know if the project is fake? - page 6. (Read 6550 times)

jr. member
Activity: 149
Merit: 1
August 19, 2020, 12:11:59 PM
I lost my asset by investing on fake project.
So it is very important to identify it. your opinion is better.

full member
Activity: 262
Merit: 100
August 19, 2020, 09:48:25 AM
good advice, maybe it can be added in my way like this, I studied the project, the roadmap for updating social accounts and the person behind the project. But I think the success of a project is also influenced by the market, so you have to really understand to choose a project for participate in investing or become a member of the bounty hunter
member
Activity: 564
Merit: 50
August 19, 2020, 09:41:44 AM
Of course there are many different tools to be able to test projects, and most of it is on google and you need to have the knowledge to be able to learn exactly about projects. I also researched a lot of new projects, and found that most of them were fake and just wanted to fool investors.

What other instruments except google can I use to test project for being fake? And how exactly do you google the correct info?
I only know few plagiarism programs to check project whitepaper or info on their page. Maybe also using https://tineye.com to check if the project stole some pictures. But what else can I use?
member
Activity: 686
Merit: 28
PUGG.io
August 19, 2020, 05:12:48 AM
Actually if you want quick checking you just search up their name to google and see whether they have some sort of social media account and see whether they are real person or not.
For ascertain whether they are real person or not, this is a difficult thing. Do you use some kind of tool to check it?
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
August 18, 2020, 12:38:36 PM
well, not even a fairly complete study will let us know for sure whether the project is a scam or not. in conducting research, we only seek information regarding the truth of the information provided. scam or not, it can be seen when the project is finished. I've seen quite a lot of projects running to completion of sales, but at that point, they're a scam in the end.
Scam projects are very unsettling, in fact, many have fallen victim to them. Even though you have done research on the correctness of the project, but it is very difficult to distinguish a scam project and a real project. Fraud perpetrators are very skilled when carrying out their mission, everything related to the project looks very real and has a very strong appeal, and only known after the project was completed or stopped halfway.
hero member
Activity: 938
Merit: 501
August 18, 2020, 07:44:08 AM
Honestly it's hard to determine tha fake project because it's look legit project if you will not do a research.
But not meaning that you are making a research you will find the real one or what you need to find out. Because they are good to hide their identity or their location or address because they are wants to hide all identity they have.
It is true, even though we have done a lot of research, it is still possible that those are scam projects in the future. I've seen many projects like that, and recently as the YAM project, they have attracted a lot of investors but in the end it was a scam project.
member
Activity: 821
Merit: 20
SOL.BIOKRIPT.COM
August 18, 2020, 05:26:49 AM
You will understand this when you research about that project. Moreover if you are a new member in this crypto market then follow the ANN thread of that project in this form because there are many people discussing the project. So if you find anything suspicious stay away from that project. Also research their IEO to see which exchange they are conducting IEO, If shit exchange that they run IEO then don't invest in that project.
jr. member
Activity: 298
Merit: 5
August 18, 2020, 05:06:50 AM
There are many ways to check whether the project is fake or genuine like checking the team of the project whether they are all genuine or they are just using a fake profile.
Aside from that most of the shit or scam project will use a tactic that will promise their investors the best profit like 400% or etc. which is good to be true.

You can also check their roadmap,whitepaper and etc. as you can see some lapses there if that project is fake.
full member
Activity: 630
Merit: 103
August 18, 2020, 03:43:44 AM
There will be lots of instances to know whether the project is just some time-killing campaign for other people that just wants to join some campaign. That is the scary part since they can cater people to join their campaign and that would just waste their time. We can always look for some constructive criticism regarding some Alternate Coins. Then we can see whether the Creators of the campaign are willing to present their credentials in some public website. The website of that Alternate Coin must be created nicely and not just some website that is showing their platform. It should be informative and should display everything possible about that Alternate coin.
member
Activity: 686
Merit: 28
PUGG.io
August 18, 2020, 03:42:32 AM
Because they are good to hide their identity or their location or address because they are wants to hide all identity they have.
They want to hide their identity from the public by giving fake addresses and locations, even their team is made as real. We must be observant so as not to be deceived.
hero member
Activity: 1778
Merit: 746
August 18, 2020, 03:28:12 AM
Honestly it's hard to determine tha fake project because it's look legit project if you will not do a research.
But not meaning that you are making a research you will find the real one or what you need to find out. Because they are good to hide their identity or their location or address because they are wants to hide all identity they have.
well, not even a fairly complete study will let us know for sure whether the project is a scam or not. in conducting research, we only seek information regarding the truth of the information provided. scam or not, it can be seen when the project is finished. I've seen quite a lot of projects running to completion of sales, but at that point, they're a scam in the end.
hero member
Activity: 1008
Merit: 500
August 18, 2020, 12:35:15 AM
True, scam project makes investors losing their money and time, not only investors but bounty hunters as well, losing time and efforts in vain.
I think the best way to know whether the project is real or fake is by their whitepaper first. Scammers are lazy to make whitepaper from 0, then the plagiarized whitepaper is the important sign of scam project, even the slightest plagiarized content.
I think looking at whitepapers is an ineffective way, because they can pay someone to make whitepapers from 0 so it's will look so beautiful, when they make a fake project, then the Scammer also prepared everything to trap investors, They are capable of making fake whitepapers and Teams.
full member
Activity: 206
Merit: 100
Decentralized Ascending Auctions on Blockchain
August 18, 2020, 12:12:38 AM
True, scam project makes investors losing their money and time, not only investors but bounty hunters as well, losing time and efforts in vain.
I think the best way to know whether the project is real or fake is by their whitepaper first. Scammers are lazy to make whitepaper from 0, then the plagiarized whitepaper is the important sign of scam project, even the slightest plagiarized content.
Yeah, this is an effective way. Also, we can do location checking, looking for team members, team records, etc. All of that is to ensure that there is not too much percentage of scam. Doing researches such as those things can effectively help us to reduce the rate of being scammed in this market. Though, it's not an easy task that we need to learn how to do it right!
full member
Activity: 1260
Merit: 100
August 17, 2020, 10:31:11 PM
True, scam project makes investors losing their money and time, not only investors but bounty hunters as well, losing time and efforts in vain.
I think the best way to know whether the project is real or fake is by their whitepaper first. Scammers are lazy to make whitepaper from 0, then the plagiarized whitepaper is the important sign of scam project, even the slightest plagiarized content.
sr. member
Activity: 1274
Merit: 293
August 17, 2020, 10:59:21 AM
To know if a project is fake or not is simply by checking it's website, whitepaper, and softpaper because they might be plaigarizing other projects works or just making their project look good just to attract other investors and bounty hunters. You could also check the team members informations because they might be faking their profiles, so they could trick other people.
full member
Activity: 994
Merit: 100
SAPG Pre-Sale Live on Uniswap!
August 17, 2020, 10:54:39 AM
fake projects can be seen from some factors White papers don't make sense, fake partners, invisible teams, when sales are always closed and lacking updates if you come across a project like this never invest in a project it is a fake project
member
Activity: 113
Merit: 10
August 17, 2020, 08:28:05 AM
You are right.There are several ways to identify a fake project.However, I think. In a fake project, the team always uses fake locations and the team's name and address are all fake.Besides, the volume of their investment in the exchange is also fake.Most of their social media information is very enticing.
How can you tell if it's fake locations? Will you book your plane ticket and go to that country to check? Just check out the project team and product, I believe you will know whether they are legit or scam.
Well, you don't have to do that. There is plenty of detective service to check in a local location for people from abroad. But many projects don't have a headquarter location or they could list something vague and not in detail. I think there are many ways to identify the legitimacy of a project, team information also one of that.
full member
Activity: 824
Merit: 104
PredX - AI-Powered Prediction Market
August 17, 2020, 07:51:12 AM
You are right.There are several ways to identify a fake project.However, I think. In a fake project, the team always uses fake locations and the team's name and address are all fake.Besides, the volume of their investment in the exchange is also fake.Most of their social media information is very enticing.
How can you tell if it's fake locations? Will you book your plane ticket and go to that country to check? Just check out the project team and product, I believe you will know whether they are legit or scam.
newbie
Activity: 8
Merit: 0
August 17, 2020, 07:21:12 AM
Location of the physical business always comes first then check the team.
member
Activity: 686
Merit: 28
PUGG.io
August 17, 2020, 06:41:10 AM
In fact, it is almost impossible to know which one is fake or not. because almost most of the scamers have changed the project to make it look original and can attract the attention of investors. it's just that we can still avoid it by not promoting shady projects, like offering sweet promises, bad team reputation & developer managing previous projects, no experience etc.
The hardest thing is finding fake projects that are so well designed to trick them. Finding out the team that developed the project and analyzing the whitepaper is a must, although it is not guaranteed to be 100% is real project
Pages:
Jump to: