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Topic: How we know scam altcoin project - page 8. (Read 1361 times)

hero member
Activity: 2660
Merit: 651
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February 01, 2019, 09:36:21 AM
#77
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
Scammers do not stand still and develop, so it is true that each time it becomes more difficult to recognize a fraudulent project. Even a superficial study of the project, studying the pages of team members on social networks, reading the White Paper and talking to team members and their advisors can be protected from amateurs' scams.
Well, crypto currency scammer can not be detect through the study of social network, white paper, talking to the team involving and most of the advisors are also a victim either. However, the best way to figure out a scam project is doing the team involving picture research, finding the country with their site domain belong to and doing a depth search of the project address.
member
Activity: 517
Merit: 10
February 01, 2019, 09:32:20 AM
#76
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
what kind of way can we do. maybe if the project by copying data from another project we can do the checking itself. but there are some scams that have barely been detected and have done ico for a very long time. then he finished and ran away. I think that cases like this happen a lot throughout 2018.
member
Activity: 476
Merit: 17
February 01, 2019, 09:25:20 AM
#75
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
Scammers do not stand still and develop, so it is true that each time it becomes more difficult to recognize a fraudulent project. Even a superficial study of the project, studying the pages of team members on social networks, reading the White Paper and talking to team members and their advisors can be protected from amateurs' scams.
hero member
Activity: 1498
Merit: 537
February 01, 2019, 01:08:27 AM
#74
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
member
Activity: 576
Merit: 39
February 01, 2019, 12:07:48 AM
#73
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.
sr. member
Activity: 854
Merit: 250
January 31, 2019, 09:45:51 PM
#72
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
full member
Activity: 448
Merit: 100
January 31, 2019, 08:33:39 PM
#71
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 ?



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.
legendary
Activity: 2128
Merit: 1656
January 31, 2019, 07:30:54 PM
#70
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...
copper member
Activity: 266
Merit: 0
January 31, 2019, 07:22:09 PM
#69
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.
member
Activity: 462
Merit: 10
January 31, 2019, 06:49:10 PM
#68
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.
member
Activity: 546
Merit: 12
January 31, 2019, 04:35:07 PM
#67
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.
member
Activity: 280
Merit: 10
yamzu
January 31, 2019, 03:50:26 PM
#66
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.
full member
Activity: 602
Merit: 100
January 31, 2019, 02:25:56 PM
#65
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
January 31, 2019, 11:13:39 AM
#64
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.
member
Activity: 434
Merit: 14
January 28, 2019, 03:17:59 PM
#63
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.
member
Activity: 161
Merit: 10
January 28, 2019, 02:47:15 PM
#62
i would look at their technical team's background, also any updates they give are recent and then looking into their investors.
full member
Activity: 700
Merit: 101
January 28, 2019, 07:47:27 AM
#61
many things are awkward in the course of a scam project.
starting from fake teams, odd documents like WP and others.
hero member
Activity: 3080
Merit: 603
January 28, 2019, 03:57:46 AM
#60
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.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
January 28, 2019, 03:44:02 AM
#59
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.
sr. member
Activity: 882
Merit: 269
January 28, 2019, 02:14:44 AM
#58
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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