If you come across any of these points you have every right to be suspicious

isaac_clarke22

sr. member

Activity: 1610

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Quote from: Rowenta on July 03, 2020, 10:41:58 AM

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Not just cheap web design, there could be sites that are over-styled that it forgets to be even a project site like too much animation.
It might not be cheap, but you never know if scammers know something in HTML, CSS and JS or other web frameworks just to make their site look like a legitimate.
Actually prettier design would give me more suspicion of "too beautiful to be good".
Dev pics are quite obvious, as why some people decide to throw their money to someone anonymous. It's not like everyone is anonymous in crypto

ife2020

member

Activity: 579

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Are you kind to your neighbor? Think it through

Neutrally, you should always be suspicious of any projects, wary but not fearful, learn to do your research right always.
lately there is a surge in number of defi projects in the space, be sure to do your own research and be on top in your findings, do your research adequately without bias

Iyanu14

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Quote from: Rowenta on July 03, 2020, 10:41:58 AM

Most especially for newbies, be curious and suspicious when you come across these in crypto space projects

1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com

2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves?

3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook

4. Team decide to stay anonymous

5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges??

Very good points made. There are many salient red flags one needs to just observe very well before taking any move. I have always been so careful of believing it when projects said tokens sold out especially on bad exchanges you pointed out. I have always taken any project planning to list on Vindax exchange to be scam.

Synerggy

member

Activity: 248

Merit: 13

Futiracoin.com

Thanks for the advice OP, sometimes it's very easy to detect scam projects but can be very tricky too, I will like to add searching the pictures using any image search engine which can give up stolen images, it works some time too

fuer44

sr. member

Activity: 1680

Merit: 262

yes, this is often found now. very different from the bounty 2-5 years ago, where the team will surely slash their coins into etherdelta or forkdelta, where the two exchangers are indeed often used as a place for new tokens. now it is the new exchange that has no liquidity and also impacts on tokens which ultimately does not have a good exchange rate. as you explained also, that the identity of the team must also be transparent and they must also be active to provide the latest information about the bounties in the groups they have specified.

PerfectCircle

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Activity: 252

Merit: 11

Quote from: Rowenta on July 03, 2020, 10:41:58 AM

Most especially for newbies, be curious and suspicious when you come across these in crypto space projects

1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com

2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves?

3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook

4. Team decide to stay anonymous

5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges??

I don't see anything wrong with your third point, team can use same picture they use on social media and project website, it's possible that the picture is the best on their list, if you want to see other pictures of the team then find their Facebook account profile, things will only look red trust if no other pictures are available except the only one on their website

IvugeoEvolutionCoin

sr. member

Activity: 952

Merit: 267

Vave.com - Crypto Casino

Bad website design shows the project is not worth it, if the developers can't at least launch a fairly good website, meaning there is no hope for product. I don't even go close to new projects doing IEO on shitty exchanges, not to talk of investing. I've had a sad omen with crappie exchanges, hence I stick with IEOs done only on reputable exchanges. I do like all points by OP.

dataispower

sr. member

Activity: 1330

Merit: 289

In as much website design or team putting high definition pictures on website is never a yardstick to tell if a project is legit, it can be used to ascertain if the team is serious or not. I agree with OP that cheap website design is already a red flag, anything worth doing is worth doing well. However if one's basis for research relies on website design and team pictures to decide whether to invest or not in a project, that person will be a prey to most scammers because scammers are aware of this and have updated their game. Only amateur scammers will do poor website for a project.

Phoenix_PROG

member

Activity: 224

Merit: 28

It's very popular this days seeing new projects using p2pb2b exchange and other crap exchanges like Exmarket, latoken, Probit exchange to raise funds and they actually know what the outcome will be. It's best to just ignore any project that use any of these exchanges

lienfaye

hero member

Activity: 3024

Merit: 629

Quote from: ?? on ??

Staying anonymous doesn't mean scam to say the truth but since scammers are doing everything in their power to achieve their aims I don't go against this point 100%, I believe that Bitcoin stays out of trouble today because Satoshi Nakamoto is unknown till date

But most likely its a scam if the team are not transparent to their identity. Its important for investors to know their background and past projects (much better if it succeed), thats one of a good point to know the legitimacy of the project. Nevertheless what op said were all true so keep this in mind to have an idea what to avoid.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

I agree with OP here, some of these points should raise a red flag! And when you see a red flag you need to stop what you
are doing and try research more about the service. Come here and ask people what they know about it, check other forums
and if you don't clear your doubts abandon that service, or project and warn others about your findings.
We need to work together on this and warn others if we notice something. It's how community stay updated, and scammers
has less chances to scam people.

Genemind

sr. member

Activity: 1596

Merit: 335

Not to mention crappy community managers or moderators. I have been part of a lot of telegram groups for other projects with a really poor admin who cannot even provide a direct answer to the community. There are some who are like bots when answering providing a safe answer or unclear answers when a specific question is asked. A solid team knows how to address questions such as conducting an AMA or posting frequently asked questions to address newcomers or questions regarding the project.

Kemarit

legendary

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Quote from: Rowenta on July 03, 2020, 10:41:58 AM

Most especially for newbies, be curious and suspicious when you come across these in crypto space projects

1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com

Right, this is a sign that the people behind rush everything and it's a red flag that they are in a hurry to just put their website.

Quote from: Rowenta on July 03, 2020, 10:41:58 AM

2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves?

Maybe it's their way to hide their true identify, or even doing some poorly manage photoshopped.

Quote from: Rowenta on July 03, 2020, 10:41:58 AM

3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook

So that they will look legit. But if you look closely at their social media platform, it just created just a couple of days ago.

Quote from: Rowenta on July 03, 2020, 10:41:58 AM

4. Team decide to stay anonymous

Well their defense is that Satoshi himself did stay anonymous, but that logic is flaw. We trust them with money so we need to see their faces and their real identity.

Quote from: Rowenta on July 03, 2020, 10:41:58 AM

5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges??

Maybe they don't have money in the first place, but those exchanges are scams, accused of wash and fake volume trading, not to be trusted.

tvplus006

legendary

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To the Moon

Very often, scammers do not publish photos of their team at all, explaining this by privacy and the fact that no one knows exactly who is the Creator of bitcoin. And often, such projects do not have a whitepaper. In addition, if you check the domain, we will see that it was registered just before the scam was launched.

Gorosden

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Activity: 518

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$CYBERCASH METAVERSE

When new projects aren't properly built and you start seeing some awkward things like low quality pictures then something is way off, it's easy to detect scam projects with what OP listed on here honestly, same kinda thing that happened with kingcasino this year, a clearly scam project that still manages to run away with people's money

mezzaluna

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Activity: 518

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★Bitvest.io★ Play Plinko or Invest!

Those are exactly the points that we need to research for when we are stumbling around new projects. We exactly need to do some research because IF they are legitimate, then the project would appear anywhere online. If the managers or creators of the project are real, they wont be scared to be publicly known because it is their creation and it would be great advertising if they can personally tell the people about the project they created.

Another point is to stay knowledgeable on how would you think that platform would work once it starts operating.

Novatech8

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Activity: 700

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Sovryn - Brings DeFi to Bitcoin

I always have something against low quality pictures of team members and lack of videos of the team, if you come across a well founded projects everything about information will be clean as crystal, when there isn't anything shady about a project you will know unless you want to believe

maxreish

sr. member

Activity: 1330

Merit: 326

In short, "FAKE TEAMS".
Project teams with low quality website is not only one of the ways to spot of the project is shady or not but also the team itself. Most are fakes, using someone else's pictures or names. Also, one thing is to know if the project has a useful product/objective or just promising impossible goal? Also, you can also spot suspicious projects just by joining their telegram group. Feasible developments is important, if one failed to show this and keep promising impossible events, it's one of the reason to be suspicious.

aemma

copper member

Activity: 966

Merit: 14

All these points are true and sadly these projects will always tend to continue with their scamming activities because it seems there are people who invest in whatever they see because if that's not the case I think exchanges like P2PB2B would have gone down. Another point I want to add is that, the team will always avoid technical questions which will likely expose their lack of knowledge of the project they are building. Furthermore, just like you indicated, they type of exchange these projects host their IEO is also a good way of knowing how serious the team are because no good team will build a project and allow an exchange ruin it for them.

Kasabus

hero member

Activity: 2814

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Quote from: tycsols on July 09, 2020, 06:03:32 PM

Personally i hate when team of a project or their representatives do not take their own commitments seriously or keep changing their statements the worst thing is if we have already invested in such a project seeing these things is very discouraging and usually for me it puts a negative impression about the project and i try to exit from such project.

Scam projects usually make good promises at the start that are only too good to be true and their statement keeps changing particularly when the campaign is almost over. To avod this scam projects, be more suspicious and even cautious by checking carefully the background of the team behind the project if they are not using other names for legitimacy. Second is through their whitepaper. Check thoroughly if its not copied from those previous successful projects which are already known to the bount hunters.

Topic: If you come across any of these points you have every right to be suspicious (Read 312 times)