Topic: If an ICO team is anonymous, is it a scam? - page 6. (Read 4414 times)
I will not invest in a project that the development team is anonymous. Too much risk when cultivating into such a project. Such projects do not win the trust of investors so it is difficult to succeed, worse you may lose all your money.
Yes most of the times this is True. Full information on the Team must be well researched before Investing in an ICO. We Also see many fake Linkedin Profiles in the ICO Team with non existence People or fake Qualifications.
YES. It is a scam. Legit ICO's always have their identity shown to the public. Being anonymous means that they are hiding something and its usually a bad thing. Even newbies will not invest on an anonymous ICO. I was amazed to see how many people posted on this thread as we all have the same answer. Don't say it will not be a scam just because you want to be different.LOL, you know the truth
not all of the ico project when they are not showing the team identity are scam, but of course showing the identity and experience from the project is needed for gaining trusting from investor before they investing the money in the ico project
Satoshi was different, I think we can't compare him to actually ICO projects. It's still possible that people who are hiding can be trustworthy and they hide for privacy (which is a very normal habit). Unfortunately, gaining trush while hiding privacy is very difficult. Satoshi was able to do it.
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?
yes, satoshi is an anonymous guy
but, there was no ICO on bitcoin in the beginning
so, do not comparing satoshi with others anonymous guy who want to collect funds by doing an ICO with their project my friend
not all ICO with anonymous team are scam, but the risk was become higher, if you invest in ICO with anonymous team buddy
investors trust begin from their identity.if developers team could not provide their identity well , how could we trust to them.just for prevent if someday they left the projects and steal our money, how we us could report them.
For this, we have different opinions and responses. I say not everything is a scam, but that does not mean I am easily attracted to projects whose identity is anonymous; because I am very careful to avoid the scam project.
That means, we all have a lack of trust in such projects.
I remember a couple of projects that had an anonymous team and at the same time they turned out to be real projects and this projects was succeed, but this is rather an exception to the general rule because anonymity usually means deception.
YES. It is a scam. Legit ICO's always have their identity shown to the public. Being anonymous means that they are hiding something and its usually a bad thing. Even newbies will not invest on an anonymous ICO. I was amazed to see how many people posted on this thread as we all have the same answer. Don't say it will not be a scam just because you want to be different.LOL, you know the truth
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?
In the first place.. why would you wanna give out your money to someone who won't disclose his Or her identity?? If a project won't disclose its identity or where about.. then it shouldn't run a fund raising 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?
There is a possibility that ,if an ICO is anonymous it would results to a scams, when a certain bounty project or ICO project are not transparent ,what they hiding their identity with no important reasons , bounty or project should be presented in a well introduced team members and platform so that the members and investors would gain trust for the project.
Satoshi is anonymous, but without Satoshi, I can't imagine the cryptocurrency market! Satoshi made a working product, people were not interested at first that's why bitcoin was not popular of its first time. But as Satoshi explained how great the blockchain technology and this technology have great impressions for a good future then millions of people started involving with bitcoin! So, that was different mate.
At this moment, without a transparent team, never believe some words to invest your hard earned money! Skip them and forget about it. Always you need to look the project team member and their activity first, then other steps come!
At this moment, without a transparent team, never believe some words to invest your hard earned money! Skip them and forget about it. Always you need to look the project team member and their activity first, then other steps come!
i do agree with you. in these days, if the project is holding an ico and they are anonymous, better be careful. i didn't say that all anonymous teams are scam but you need to do your own research and if you want to invest, make sure that your life doesn't depend on it. more scammers are on the loose. they know how to deceive users here.
maybe can be to scam project, i see few project with anonymous/not showing the team and ended with scam project, that's why showing the team project is needed for build ico campaign and make investor trusting the project and investing the money
Satoshi is anonymous, but without Satoshi, I can't imagine the cryptocurrency market! Satoshi made a working product, people were not interested at first that's why bitcoin was not popular of its first time. But as Satoshi explained how great the blockchain technology and this technology have great impressions for a good future then millions of people started involving with bitcoin! So, that was different mate.
At this moment, without a transparent team, never believe some words to invest your hard earned money! Skip them and forget about it. Always you need to look the project team member and their activity first, then other steps come!
At this moment, without a transparent team, never believe some words to invest your hard earned money! Skip them and forget about it. Always you need to look the project team member and their activity first, then other steps come!
The team members give credibility to an ICO project and the situation that the team members do not want to be known is dubious.
Team members are obliged, I repeat that they are obliged to show their faces, because otherwise the project will be considered a scam project, moreover, they will soon be required to undergo verification. Anonymous teams are a scammers trick - it has always been known because it is in this way that scammers avoid any responsibility. After all, when there is no real person, there will be no one to show legitimate claims if necessary.
Not always, there were really good projects with an anonymous team, and they did not disappoint. However, the vast majority of such projects are really scam, and they should be avoided.
If you take Monero, then yes, part of the development team is anonymous, but still the other part of the team doesn't hide its identity.
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?
as we all know at this time that very many ICO projects were founded by several people who we did not recognize and also called anonymously ... but we must be able to analyze each ICO project that we will invest ... because we don't lose money we have in a futile way
Well, if you're genuinely organizing a project and you're hiding yourself from the public or more specifically your investors then I think something may smell fishy. The team of every project should be known. People must know who they're trusting their money with and also know his past records. Well, this is crypto and many people have scammed with fake team before and so there's no assurance knowing the team can absolutely prevent scam.
Anonymous teams are just plain obvious, they are simply too scared to show off their identity because they have diabolical plans with your money, they promise this they promise that to you but they are just really scammers that will make you lose your money, its hard to trust an ICO that is anonymous, and it is dangerous, invest at your own risk if you are willing to give off money on ICOs like this.
Such projects are very rare but if the project does not show who is behind it and what people are developing it, then such a project is very likely that it is moshenic. I think the responsibility of people who develop it and if they don't show their face so for a project no one is responsible !
I have invested in anonymous project for years without any issue of theft, even before ICO became popuoar, many anonymous folks have tried to raise fund for their project wity varied degree of success! But then, investing generally is risk and you should be aware of this and protect yourself!
Jump to: