HOW TO SPOT FAKE/SCAM TOKENS? - page 2.

cryptoenterprise

full member

Activity: 294

Merit: 114

Quote from: treepixel on November 14, 2017, 08:33:20 AM

Warning signs:

1.) "We'll be listing on bittrex shortly".
2.) Their dev team of 3 spends the entire day in Telegram non-stop.

question, why would a dev team spending his entire day in telegram be a problem? maybe thats his assignment and they want to answer any enquiries for the community? just a thought.

Xfactor06

member

Activity: 140

Merit: 12

Thanks for the replies. Appreciate it much.

engrshu

full member

Activity: 406

Merit: 100

Keep track on those token that you want to invest in. Do some deep research before putting your money into high risk. If the dev and mod is always active, then that's a good sign. Check if there's a development in their project. Ask the experts in what they think about the project, if it's worth investing. But this is all not sure, we don't know what they have up their sleeves.

apolonio

full member

Activity: 224

Merit: 100

You can never really tell.For some it has a great start then before the payment takes place then boom manager just disappered from nowhere.

serizawa

sr. member

Activity: 672

Merit: 250

you should see the ins and outs of the token project,
if you want to buy token ico find that has escrow it will make secure your money

yannick225

full member

Activity: 336

Merit: 100

Pay attention to the ICO if you do not want to lose money, most of the time that's where the scam come from.
The main rule is to always be reassured that there is a real team behind the project and that the project in itself will be adopted in the future, of stay away of scam like Bitcoin or Onecoin who are obviously ponzi and always be sure that the project have new features.
If you have a doubt about a project you can post a message on the forum and we will all discuss together to help you make the best choice and it will be beneficial for all of us

treepixel

full member

Activity: 226

Merit: 100

Warning signs:

1.) "We'll be listing on bittrex shortly".
2.) Their dev team of 3 spends the entire day in Telegram non-stop.

CryptoBuds

legendary

Activity: 2100

Merit: 1042

HODL

Deep project research is the only way. As investor you should be able to dig very deep to know everything about project. I think that the team and well known advisors is the best evidence of legitimness of any project.

barlo357

full member

Activity: 574

Merit: 100

In order to spot fake/scam tokens, analyze that particular token. And you can also ask for the experts in this forum about that token. Sharing the information here will also be helpful for all of us.

swoolzze

member

Activity: 69

Merit: 10

You can tell it like some fake if its somethings fishy. Also if you understand well the project but the tokens has a different use of it or just a copy.

Herlina

full member

Activity: 406

Merit: 101

Decentralized Digital Billboards

Tokens are made for something related to a project so To determine it you must assess all aspects of the Project of tokens such as developments, updates, etc

GaxviiBuss

member

Activity: 155

Merit: 10

Quote from: esgdrhlg on November 13, 2017, 04:03:01 AM

Well, if an altcoin development team doesn't update the code for half a year on github, you have to be careful.Currently, half a year of ICO token, many teams have stopped updating the code on github and should say that they have disappeared.I didn't target any team.

Check the code is updated or not just one step. They might have new code not working so no update, so we can check their respone to community question.

esgdrhlg

member

Activity: 173

Merit: 10

Well, if an altcoin development team doesn't update the code for half a year on github, you have to be careful.Currently, half a year of ICO token, many teams have stopped updating the code on github and should say that they have disappeared.I didn't target any team.

Xfactor06

member

Activity: 140

Merit: 12

As a newbie i could go skeptical on investing my hard earned money on tokens. Is there any advice from you that i can get to determine a token that could go scam in the future? thanks in advance.

Topic: HOW TO SPOT FAKE/SCAM TOKENS? - page 2. (Read 431 times)