Topic: How to know project scam or not? (Read 1707 times)
Today's ICO fraudsters are getting smarter, they have white papers and team introductions, but these scams still don't have real addresses to prove the legitimacy of the project and the team office! So this will be the way you distinguish!
it's easy to figure out whether a project is a scam or not just need it to be a good review so you can not be misleading to see how much you earn to find out if it's your job or not.
I think the best solution would be to observe a qualified team of developers and their openness in the project and you yourself have to study the project and believe in its technology.
It is very difficult to forsee the future of the project and every single methods would not help, however, i find very very reliable to look for the projects with the famous crypto-dev`s in the team
A good project will actively enumerate its advantages, such as whether the team has legal licenses in certain countries, they will clearly list the product innovation, use and membership!
In fact, a very difficult question - after all, you can carry out large-scale work and thorough study of the project, but still make a mistake. Therefore, you need to distribute your investments in various promising projects, be sure to study the information about the development team, strategy and proposed technologies.
With so many scams, many ICOs are scams, don't invest in ICO projects to avoid many scams. If you want to invest in the cryptocurrency market, I suggest you buy mainstream coins. Learning coins can avoid many scams.
Anonymous team members, giving unimaginable bonuses like 100% on buying tokens, promises like we will make your investment this much, our token will be valued this much at this time.
These are some according to my experience so far.
These are some according to my experience so far.
It's impossible to know exactly 100% because if they really want to scam you, they will prepare it very carefully. But in my experience, you should invest in projects that have a well-known team and have successful projects in the past, which will help you avoid phishing projects better.
I also still have not been able to fully understand the scam and project will not. but research clearly could be the solution but inaccuracy in research also gives the bad impact. read the whitepaper and see the team is the thing that has always taught and others say. In addition see the originality of the project from investors looking at the wallet, too good to be done.
ICO fraud is indeed very difficult to know. But the thing we can do is prevent fraud projects. The thing I have to do is to follow their social media accounts. The team must be very active in providing information or responding to questions from participants. And if they are not active, it is better to look for other projects.
from my experience with ico scam, until now I don't know how to distinguish which ico will scam and where ico will succeed, from some ico scams that I join, almost all of them have good profiles on the ico site, from which I get learning that rating is not a determinant of success or failure of an ico, so you should do your own research about this that you want to join and if you want to participate in ico you should not only be based on the ico rating because ico has a good rating, not necessarily a ico that doesn't scam .
No one will give you exact instructions that will protect you from scam projects. All this comes with experience.
At least you can give an idea of how you are when you decide to take part with bounty campaign. After that he can thrive what you have explained, I guess everyone has the same concept when choosing a project but there will be found a different way to decide which project they deserve. You can see in the bounty campaign that is running now, if everyone has the same concept and the same way everyone will choose the same bounty campaign. Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
I think this would take a long process to reach that, cause even someone who already had experience could get trapped into a scam without realizing it.So all i can say is that we need to be so much careful about any new project that appear in the market.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
I think there are lots of ways on how to determine if the project is good or bad. One is by looking to its presence on their social media, if they are very active on updates on their social media account then it is a good project. If there are lots of members on their community and they are actively working on it regularly. Most of all if they are already reaching their softcapped on their PRE-SALE that is a good project then.
During this time I did to find a good project by doing research. I checked whether the site's appearance is good or not. Usually, if the appearance of the site is bad, I think it's fraud. And look at the team behind, and whether they are professional or not. Then understand the whitepaper and project roadmap.
Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?
You can easily visit Bitcointals Scam accusation section: https://bitcointalk.org/index.php?board=83.0 or Beginner and Help section: https://bitcointalk.org/index.php?board=39.0And read important articles about howto figure out a scam:
https://bitcointalksearch.org/topic/guide-prevent-scam-some-useful-tools-for-find-scam-fake-ico-team-4586576
https://bitcointalksearch.org/topic/list-of-scam-ico-proved-4981560
https://bitcointalksearch.org/topic/asd-4879658
I think before investing in a particular project most important thing is administration team and need to finding past history of company and the people view related to project for examine the same.We need to updated with twitter,whitepaper,roadmap of project for future course of actions.
You have to study first before entering there bounty. Study there ICO and study there project. Most common read there website and whitepaper and also know there team.
There are not any guarantees of success the project. You can learn everything about the project. White paper, developers team, program code at GitHub, web site etc. And even if the project will not be a scam it may not raise enough money.
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