Author

Topic: How to spot a scam project (Read 122 times)

newbie
Activity: 98
Merit: 0
September 20, 2018, 10:17:28 PM
#1
I will ask you to ask yourselves these questions before giving any rating:

1- Is it a sound business idea ? Does the idea makes sense?
2- Is the technology feasible ? Make sure this is not an impossible project.
3- Does it really need blockchain? If not, then how do they explain the use of blockchain ?
4- Is it an ERC20 or similar token or a new blockchain? and in both cases why ?
5- Does the team look legit to you ? check the linkedin links ...
6- Did you check their social media ? is there any activity ?
7- Do they have a prototype, mvp, anything ?
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