How to know project scam or not? - page 5.

angelica laura

jr. member

Activity: 229

Merit: 1

Quote from: fortunecrypto on November 20, 2018, 06:15:20 PM

Quote from: andreizver on November 20, 2018, 06:11:18 PM

I find a one simple way to indicate, are project scam or not. Just read project White Paper. You even don't need to read that - just analize it with unique text analizer and if some text stolen, it will be shown there.

Yes that is one way to trace scammers, if the project is legit and has a good potential they will not do a copy paste materials, they will hire professionals to do their stuff for them another way is they are getting a fake profile on shutterstocks, I come to think that these scammers only want a few bucks so they do cheap set up.

Yes. Whitepaper is the heart of the project. Reading and researching a whitepaper is the first action taken by several bounty hunters in considering projects that will follow. Whether the project is legit or not depends on how one makes the whitepaper. Then, we can check their team. Check on Facebook or Link whether it's genuine or not.

Niobeh

member

Activity: 275

Merit: 11

Quote from: bahnfire on November 20, 2018, 06:17:08 PM

I think you can understand that only from investors. Because big investment companies will not invest scams surely. Other than that you can not trust team section or whitepaper. Because maybe they gave huge money to good devs for writing good whitepapers or they can create fake team with fake linkedins etc.In my opinion investors are the best place for that.

If you read there platform then you can determined the project wether it is a scam or not because in choosing it depends on you, in my opinion much better to look for the number of participants and how the management handle the previous project.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: bahnfire on November 20, 2018, 06:17:08 PM

I think you can understand that only from investors. Because big investment companies will not invest scams surely. Other than that you can not trust team section or whitepaper. Because maybe they gave huge money to good devs for writing good whitepapers or they can create fake team with fake linkedins etc.In my opinion investors are the best place for that.

Its our instinct to find it though and some basis is coming from the feedback of early investors. Some scam projects is very noticeable and pretty obvious of their reason why they created for a certain project but sometimes also it is really to detect until when project owners and the team won't show up in telegram and never answering queries.

bahnfire

jr. member

Activity: 139

Merit: 1

The World’s First Blockchain Core

I think you can understand that only from investors. Because big investment companies will not invest scams surely. Other than that you can not trust team section or whitepaper. Because maybe they gave huge money to good devs for writing good whitepapers or they can create fake team with fake linkedins etc.In my opinion investors are the best place for that.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: andreizver on November 20, 2018, 06:11:18 PM

I find a one simple way to indicate, are project scam or not. Just read project White Paper. You even don't need to read that - just analize it with unique text analizer and if some text stolen, it will be shown there.

Yes that is one way to trace scammers, if the project is legit and has a good potential they will not do a copy paste materials, they will hire professionals to do their stuff for them another way is they are getting a fake profile on shutterstocks, I come to think that these scammers only want a few bucks so they do cheap set up.

andreizver

member

Activity: 714

Merit: 11

I find a one simple way to indicate, are project scam or not. Just read project White Paper. You even don't need to read that - just analize it with unique text analizer and if some text stolen, it will be shown there.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: jaklis43 on March 11, 2018, 04:14:33 AM

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?

When it comes to this, you can start on the scam sections, there you can find a long list of scam ICO past and present and you will see how a scam ICO looks like and you'll also get tools on how to trace this scam ICO, but not only scam ICO but also ICO that will fail in the market.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Kseniya17 on November 19, 2018, 02:54:59 PM

In my experience, it is only possible to find out a fraudulent project after the end of the project, then everything becomes clear at once)))

Nope. You can identify if the project is legit or not during its mid-run, when its collecting more investors. There are people who have been volunteering on identifying scams in the community and each of those projects does have their own reviews so if a project attracts you, make sure that you are checking every part of it.
If the website is unprofessional then you can determine that and if the whitepaper is just plainly copy-pasted.

Matteo.b

full member

Activity: 356

Merit: 100

From the beginning of an ICO projects we don't recognize whats projects where land to become a scam. We have to analyze of our first moves by reading and knowing their platform or their whitepaper first. And be careful in searching those ICO projects to aware scam projects.

Vness10

member

Activity: 372

Merit: 10

Quote from: jaklis43 on March 11, 2018, 04:14:33 AM

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?

At first you can detect if project is scam because some scam project now their best to make their project legit. That's why its important to research and study the background of the project before you participate or contribute.

sieemma

sr. member

Activity: 980

Merit: 253

One way to know whether a project is fake is to check their team members. Scam ICOs team fail to identify themselves. They cover themselves with masks and telling people it's for security reasons but the fact is that they do not want their identities to be revealed because of their planned intentions. Secondly, have an in-depth knowledge about what the project is about, avoid joining projects that are similar to Ponzis.

yescrypto

jr. member

Activity: 319

Merit: 2

A nexgen decentralized ride hailing

The best way to know a project is scam is when they are no where to be found and you can't make use of their token with you. By then you will confirm they are real scam if not, believe me all of the are really scam these days only the ones you earn profit from seems to be the real ones trust me.

Kseniya17

member

Activity: 336

Merit: 10

In my experience, it is only possible to find out a fraudulent project after the end of the project, then everything becomes clear at once)))

Patrix_1

member

Activity: 364

Merit: 10

It would be enough if you ask some provocative questions in the telegram group. Each telegram admin, should be responsible for all the announcements and informations about the project. If an admin cannot answer some simple questions, it is a scam.

e@symode

full member

Activity: 616

Merit: 100

All those guides that are listed here can really help in most cases. But you understand that all this obviously will not give you confidence that this project is not a project at 100%. Therefore, there is always a risk.

Almasani

full member

Activity: 854

Merit: 102

Quote from: jaklis43 on March 11, 2018, 04:14:33 AM

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 check based on ICO Rating, ICO Icobench, ICO foundo, etc. There provides information about the project. The custom is provided on the ICO website.

pelumi20

member

Activity: 712

Merit: 15

It can be a little challenging to differentiate a good project from a scam because most scam projects present themselves with almost everything a good project has. The way I know the right project is by doing my research and also checking top crypto analyst views about a project.

CleverOracle

full member

Activity: 549

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BBOD - The Best Crypto Derivatives Exchange

It is really hard to tell now because those scammers is developing their ways to cheat people but I usually do research everyone of their team members and if someone of them is known in crypto industry then I tried to contact that person if he/she is really involve on the project.

daporivera

jr. member

Activity: 402

Merit: 4

Do an extensive research on the project, check out the team that proposed the project, road map, social media platforms. After doing your personal findings and background check, You decide if you want to invest in the project.

cherryganda

full member

Activity: 728

Merit: 131

Quote from: jaklis43 on March 11, 2018, 04:14:33 AM

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?

It is very hard to know if the project ICO is a scam.
we need a lot and deep investigation to know if they are.
It must consist of the team members and their plans.
But still we dont know unless the ICO will go through.
we will know it at the middle of the [project offer.

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