Topic: If an ICO team is anonymous, is it a scam? - page 22. (Read 4385 times)
for ico I think it is very important to publish the tea that joins and the transparency of the funds obtained. I am sure that transparency can make more value than project ico. indeed there is no guarantee that the team's identity is scam or not. because now many projects also scam even with a very good team composition.
Satoshi didn't do an ICO, that's main point. Every scam ICO has anonymous team members (or at least the main person).
There are projects that have anonymous teams but their projects are successful, while there are projects that have real teams, they run away and end up scam, I still believe in an anonymous team even if they have better technology than their competitors.
As what i observe in those ico with teams in their platform or more trustable compare to teams that is anonymous mate because, we cannot know what is running into their minds, what if they will go run away, they have a big reason because they dont state their names and nobody knows them. So be in wise, choose those projects that are legit
I think that in spite of decentralization we should see people whom we trust our money. Now there are a lot of fraudulent projects and the credibility of Iko has fallen dramatically.
When deciphering between legit and scam ICO's, one of the main things everyone says is "you have a look at the team and see if they're transparent."
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
Personally, if they are a real team, they will not hide the team's information. I think you should believe in that ICO. It is so risky. The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
Lol, that is totally a scam, it's so obvious.
What if someone was trying to sell you a product and one of it's selling points was that it was made by well known professionals.
You ask who and they say, "We can't tell you, or else their super secret secrets will get revealed!!!"
Doesn't that just sound silly?
Also, even if they were telling the truth, it is still a bad sign.
If they do have major jobs and doing the ico is a potential conflict of interest, that is not professional in any way.
I would have major doubts about their ability to maintain a company.
But, yeah, it doesn't matter, because it's obviously scammy.
Besides, there are so many icos out there, skipping one shouldn't make you lose any sleep at night.
What if someone was trying to sell you a product and one of it's selling points was that it was made by well known professionals.
You ask who and they say, "We can't tell you, or else their super secret secrets will get revealed!!!"
Doesn't that just sound silly?
Also, even if they were telling the truth, it is still a bad sign.
If they do have major jobs and doing the ico is a potential conflict of interest, that is not professional in any way.
I would have major doubts about their ability to maintain a company.
But, yeah, it doesn't matter, because it's obviously scammy.
Besides, there are so many icos out there, skipping one shouldn't make you lose any sleep at night.
I personally would not like to give money to an unknown person. However, the creator of Bitcoin is an anonymous from which it can be concluded that the main thing is all the same technology, not developers.
When deciphering between legit and scam ICO's, one of the main things everyone says is "you have a look at the team and see if they're transparent."
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
Look's not good for me, just leave it before something wrong happen. That's why when decides to join project we should search the true about all, include team. We need to be sure because if not we will only follow ghost, really scare for me. Research is not easy but start it before join project is really important, find them in many platform, such as social media, telegram channel, LinkedIn or else. Do that before you have bad experience like me.
It's not definitive, but seeing an anonymous team behind an ICO project is not encouraging. Though this industry is presently unregulated, that could change in the future. Certainly individual registration of representatives, and a minimum degree of transparency would probably be implemented along the lines of what exists for IPOs and private placements in traditional equities. I would take extreme caution in approaching any ICO, especially one where you don't know the identities of the creators.
I'ts not totally true if the anonymous team is an indication for a scam, but for me i prefer to choose another project that has transparency for their team members. That way we could fully put our trust on the project.
It is difficult to determine the identity of the ICO developer because most of them are anonymous in this market. We tend to put a lot of faith in new projects with many promises that make us invest a lot. This will greatly affect our investment as it will be very risky 
When deciphering between legit and scam ICO's, one of the main things everyone says is "you have a look at the team and see if they're transparent."
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
The thing is, the whole ideology behind decentralization is that it gives the public control over the economy's trajectory, rather than centralized and specific entities.
I see the Virternity Project, for example (https://virternity.com/), which prefers anonymity, but I'm not sure it means it's a scam ICO.
from their FAQ:
"Why aren't you revealing who is in your team?"
"The members of our team are enthusiastic about the idea of creating the Virternity space for the whole world. We want to avoid “buy-outs” of our specialists and co-workers, and also avoid pressure on them.
Also, given the limited financing at the initial stage, we are using anonymity as a shield for our technological secrets—the specifics of our current and future developments.
Many members of our team have serious jobs in major firms and do not want to advertise their participation in a non-commercial project, in order to avoid conflicts of interest.
In the future, once these factors are less of an issue, we plan to publicly name the founders and key personnel."
Satoshi remains anonymous..
Thoughts?
Not necessarily. Bitcoins were a financial hit but the developers remain anonymous. It may apply to other ICOs specially shady ones that doesn't even have a whitepaper to begin with nor a website where you can see the important information on the investment and how will it be distributed.
I'ts not totally true if the anonymous team is an indication for a scam, but for me i prefer to choose another project that has transparency for their team members. That way we could fully put our trust on the project.
Transparency at its finest.It's a project and new projects isn't like bitcoin where became successful. And its the first of its kind so there's sort of exemption. But in today's world, someone who's going to invest to a project where he don't know the people behind that is likely to waste his money.
I'ts not totally true if the anonymous team is an indication for a scam, but for me i prefer to choose another project that has transparency for their team members. That way we could fully put our trust on the project.
It can be a probable case, but really not all. Some of the good coins right now are successful even if the team is anonymous. Maybe all because they don't want to expose their identity and be targeted by some governments, etc.
Frankly, i do not agree wth the idea of it being probable case, i like not to risk my hardwork and not get paid.
First of all, if the campaign fails, no one can be held liable for the failure because of being anonymous.
Second do not trust any transaction made by a stranger, whether you are given a job by a stranger or offered money.
Third, if the campaign becomes succesful, but the admins decided to not give you your proper payment for hardwork, who will you come and ask why? This happened to me, last time, i did not get paid for my hardwork even though the camp was succesful, also the team is not anonymous....
Fourth, being anonymous is very shady, specially if they are hiding or planning something. You cannot get any information about them to help you judge if the campaign is good or bad.
Fifth, lastly there is a high possibility that the ICO would be a scam,
It is important for all of us to earn, so based on my opinion i dont like to waste my time and effort to something risky.
Take note, always be careful, and im not saying the said example of the ICO is a scam.
It can be a probable case, but really not all. Some of the good coins right now are successful even if the team is anonymous. Maybe all because they don't want to expose their identity and be targeted by some governments, etc.
The above reason sounds too good to be true 
so do not believe in that. The moment when they reasoned out why they refuse to tell their identities in the public already looks shady for me. Why it seems a big deal for them for them to pill infos about their team if they are a legit project in the first place? They should not be afraid at all unless they have bad intentions from the very start. Honestly, this is the first project I knew with this kind of set up and foe me it is not trustworthy. Avoid it as much as possible, "Prevention is better than cure" fellas 
.
so do not believe in that. The moment when they reasoned out why they refuse to tell their identities in the public already looks shady for me. Why it seems a big deal for them for them to pill infos about their team if they are a legit project in the first place? They should not be afraid at all unless they have bad intentions from the very start. Honestly, this is the first project I knew with this kind of set up and foe me it is not trustworthy. Avoid it as much as possible, "Prevention is better than cure" fellas .
Not really.....but it is advisable to support/invest in ico's whose team identities are known.
I am still monitoring a project whose team identities are hidden, initially I thought it will end up as scam...though the ICO is still ongoing and with some indications, the ico seems genuine as the bounty reward is currently being distributed even when token sale is ongoing.
I am still monitoring a project whose team identities are hidden, initially I thought it will end up as scam...though the ICO is still ongoing and with some indications, the ico seems genuine as the bounty reward is currently being distributed even when token sale is ongoing.
an anonymous team means they are afraid their identity is known because if they make a mistake or fraud will be reported by law. I suggest you do not make any deposits because this is risky.
It is risky to invest in something in which you don't know anything about the team. If you think about it when dealing with businesses offline, you would have to know who are the person you are transacting with so that you will know who are accountable in case something happens with your investment. Having an anonymous team behind an ICO does not automatically mean that they are a scam but you have to think why they want to be anonymous if their attentions to have a business is legit.
an anonymous team means they are afraid their identity is known because if they make a mistake or fraud will be reported by law. I suggest you do not make any deposits because this is risky.
Jump to: