It is not easy to discover a scam. The scams are getting better and the fraudsters learn and improve their scams. Also, some serious projects think it is ok to cheat the bounty participants after they have done their job.
since the beginning the fraud has been neatly designed to be able to commit fraud to the members. and it indeed became a common thing when dozens of unclear and dead projecks
Topic: How we know scam altcoin project - page 8. (Read 1323 times)
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It's so difficult to find really scam altcoin project. Most often this is a matter of chance to find good project or not. Just think and analyze things by yourself and all will be good.
Some actual ways can still be done to detect some projects that are indeed scam and unclear. potentially scam. we must be truly observant in choosing projeck with transparency from the teamIt is not easy to discover a scam. The scams are getting better and the fraudsters learn and improve their scams. Also, some serious projects think it is ok to cheat the bounty participants after they have done their job.
since the beginning the fraud has been neatly designed to be able to commit fraud to the members. and it indeed became a common thing when dozens of unclear and dead projecks
It's so difficult to find really scam altcoin project. Most often this is a matter of chance to find good project or not. Just think and analyze things by yourself and all will be good.
Some actual ways can still be done to detect some projects that are indeed scam and unclear. potentially scam. we must be truly observant in choosing projeck with transparency from the team
Most of the time, a scam altcoin project provide a fake team faces to their website or no team face's at all. This is the first thing that I look for whenever I am checking a new altcoin project. But even if they provide real team, I look at their background mostly in the linkedin and make sure that they have experience and knowledge to continue the project, because even when they are not a scam if they can't continue the development of their project it will always be look like a scam and will be lost of money for the investors so honestly scam at all.
It is not easy to discover a scam. The scams are getting better and the fraudsters learn and improve their scams. Also, some serious projects think it is ok to cheat the bounty participants after they have done their job.
since the beginning the fraud has been neatly designed to be able to commit fraud to the members. and it indeed became a common thing when dozens of unclear and dead projecks Money ,,, everyone need money.. Some people choose the right way some not..
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
The first sign that tells me that an ICO project is a scam is when they use templates which means that the design is already there and they just change the info and details for their website. I used to study web design so using templates is very familiar with me and if I see one then those teams behind it are just looking a quick way to make money using the blockchain tech.
One good litmus test is how they treat the bounty hunters these days. For better or worse, bounties are currently dominated by participants from developing countries
who have little legal options to enforce their rights, so how they honor the bounty participants is a true test of the ethics and integrity for any project that employs them...
who have little legal options to enforce their rights, so how they honor the bounty participants is a true test of the ethics and integrity for any project that employs them...
It is not easy to discover a scam. The scams are getting better and the fraudsters learn and improve their scams. Also, some serious projects think it is ok to cheat the bounty participants after they have done their job.
to be honest it is very difficult to be able to find out about a scam project, many projects are convincing but eventually there are also a lot of scams like the one currently being 4NEW (KWATT). who will know the project will scam usually only those who make the project. we never know what's in their hearts.
when we plunge into this world of course we must be prepared to bear all the risks that will occur to us. I've heard that someone has said RISK = PROFIT.
So I'm sorry I can't give you the criteria for a scam project. maybe other members know.
when we plunge into this world of course we must be prepared to bear all the risks that will occur to us. I've heard that someone has said RISK = PROFIT.
So I'm sorry I can't give you the criteria for a scam project. maybe other members know.
If you have recently appeared on this forum, you still have no experience with how to recognize fraudulent projects, then I advise you not to invest large sums until you gain solid ground under your feet and learn to correctly identify good projects. Otherwise you may get into trouble.
It's so difficult to find really scam altcoin project. Most often this is a matter of chance to find good project or not. Just think and analyze things by yourself and all will be good.
Either whitepapers are sketchy or too good to be true. Additionally running background checks on team can be helpful and how they run their social media handle. Scam projects don't give much information and are not willing to give their community free rein in dialog. This are just some few listed.
This is still the hardest thing to do here on cryptocurrency. Its how can you distinguish legit ICO projects or scams. Do you know that even our higher ranks seniors are also becomes a victim of this? Scams have the same appearance, function and requirements as the legit ones and you should be alert on new projects all the time. Read comments and reviews always.
There are many scams that are very obvious and that you do not need to be a genius to identify but there are many other scams that cover their tracks very well and it is almost impossible to tell the difference between a good project and a project that is a scam, this is the main reason why I have decided stop investing in icos, I am not willing to risk my money investing in something that most likely will make me a victim of a scam.
It is not enough to consult only other people..The whitepaper and social media accounts of the project you are going to invest in should be examined in detail..The achievements of the project team members in previous years are also important..But sometimes it may not be enough to examine everything..A very successful project can be scam, and can be successful in projects that no one believes.
i would look at their technical team's background, also any updates they give are recent and then looking into their investors.
many things are awkward in the course of a scam project.
starting from fake teams, odd documents like WP and others.
starting from fake teams, odd documents like WP and others.
Wait for few days if there's a project that just existed. And you know what?
There will be volunteers of the forum that will find it out if that project is valuable or has a shady intent.
There will be volunteers of the forum that will find it out if that project is valuable or has a shady intent.
Scam projects are very hard to understand as these scammers hide under the covers of anonymous nature of cryptocurrencies market to scam people. Therefore you must do a very high research before investing into any projects.
sometimes they have a weak team with big promises. besides that they also have a weak product. well, there are a lot of things to think about before joining an ICO. although it's difficult, try to find out the advantages and disadvantages of a project, of course you will see things that make the project a scam if it really is a scam. 
Scam projects are very hard to understand as these scammers hide under the covers of anonymous nature of cryptocurrencies market to scam people. Therefore you must do a very high research before investing into any projects.
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