How to recognize whether this is a good project from ANN

wack slacker

full member

Activity: 966

Merit: 102

Quote from: Photony on May 27, 2021, 04:46:04 AM

1. The founding team is non-anonymous
2. ANN sponsors take a long time to register and have a certain merit value
3. ANN logic is relatively complete, and the page is beautiful
4. Social media is complete
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At the same time, everyone can add in at any time, I am very happy to learn from you

1. Anonymous groups are not important because even publicly identifiable groups can commit fraud.

2, 3. About beautiful ANN interfaces are just appearances and even I can create beautiful ANNs by hiring someone to design them. If you take a look at the ANNs of old projects, you will be disappointed that they are not properly invested.

4. The problem of social media is only one aspect because many projects focus on communication without much technical development so it doesn't make much sense. Even Telegram and Twitter can buy followers.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Photony on May 27, 2021, 04:46:04 AM

1. The founding team is non-anonymous
2. ANN sponsors take a long time to register and have a certain merit value
3. ANN logic is relatively complete, and the page is beautiful
4. Social media is complete
——————————————————————————————————————————————————————
At the same time, everyone can add in at any time, I am very happy to learn from you

1. Could be faked images. There are fake projects using stock images.
2. I wouldn't focus on this in looking if a project is legitimate. Could be faked.
3. One could write an essay with some copy-paste from some project to make it look legitimate. Page like homepage? It is easy to learn html,css and javascript. Scammers could just even download a clone a homepage and just edit the html and css to make it look unique and host it.
4. Do you remember when there was fake Binance channel in Youtube that has a lot of subscribers to make it look legitimate?
[They are stealing YouTubers accounts to stream fake Binance, Ripple, Ethereum or Bitcoin Cash giveaway on them] - It is a Medium article link. I am not the author of this article, I just looked up for the past incidents.

Plus in addition to number 4, pages in Facebook are being sold and once the ownership has been transferred, they have the means to change the page name and delete past posts to make it look like they're launching legitimate project.

elda34b

sr. member

Activity: 910

Merit: 351

Analysis like this is very useless. You might find a very interesting ANN, website, whitepaper etc but in the end they're just cosmetics and the team scammed you. Don't be too confident with your judgement and treat everything with caution instead.

In the end, investing on new projects is a high-risk gamble without any guarantee.

noorman0

hero member

Activity: 1764

Merit: 696

[Nope]No hype delivers more than hope

Regardless of whether their project is good or not, you should find out the legitimacy of the project because it will save you money.
ANN is only a summary presentation. If you only have the standards you mention, then you are a gullible person. Now scammers can risk say $100 or more to disguise their actions such as hiring designers for ANN and posters, buying web templates and model photos on stock sites, etc.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Photony on May 27, 2021, 04:46:04 AM

1. The founding team is non-anonymous

All projects can be like this and still exit scam in the end. So it's really hard to see how the project will turn out to be, even non-anonymous or at least devs exposing themselves is not a sure fire criteria. There are a lot of projects in the past that run off with investors money even if they have been identified. They just simply slip out of the radar, and hide. and they know that investors can't go after them.

Jawhead999

legendary

Activity: 1820

Merit: 1207

Quote from: Photony on May 27, 2021, 04:46:04 AM

1. The founding team is non-anonymous

What about Bitcoin? The founder is anonymous and no one has know how the face of Satoshi Nakamoto, does Bitcoin is bad since it's anonymous? Nope.

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2. ANN sponsors take a long time to register and have a certain merit value

Long or short time doesn't guarantee you, however bad project sometime has a long time to register especially they ask your KYC. Even merit is given for a good and high quality post, but many people still abuse it by sell his merit, it's subjective.

Quote

3. ANN logic is relatively complete, and the page is beautiful
4. Social media is complete

It's not 100% true to analyze how good or bad project of this tips, it's only a sign that the founder has more professional and dedication to create a project.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

If you analyze projects like this, any scam will be a good project. It is not difficult to gain subscribers to social networks, even for some scam projects social networks look better than real projects.
It is necessary to see who is signed up for these projects from famous people, their ambassadors and partners.
It is necessary to study the initial investors in these projects. If large cryptocurrency funds have invested in the project, then it is worth spending more time studying the project.
The most important thing is not to invest a lot of money in new projects.
Good analytics
https://www.crunchbase.com/

Photony

jr. member

Activity: 40

Merit: 1

1. The founding team is non-anonymous
2. ANN sponsors take a long time to register and have a certain merit value
3. ANN logic is relatively complete, and the page is beautiful
4. Social media is complete
——————————————————————————————————————————————————————
At the same time, everyone can add in at any time, I am very happy to learn from you

Topic: How to recognize whether this is a good project from ANN (Read 65 times)