Topic: Share please tips to know project scam or not? - page 2. (Read 674 times)
The first thing I always pay attention to is how the project team reveals their personalities(photos on the site, profiles on social networks and more). The concealment of these data are the first sign of a Scam.Also be sure to pay attention to the team's activity in social networks and on the Bitcointalk. Hiding the smart contract address is an obvious sign of a Scam.
I've seen the post on this thread, it seems difficult to know a project is a scam or not. Even for the legendary. I always follow all the projects I think I can do while praying that the project that I follow is not a scam. 
Indeed, it is not easy to judge if the project is good or is a scam. Even a project that looks good at the beginning can turn into a failure for various reasons. Investing in ICO is always very risky. That is why risk assessment is very important.
If the web page is easy and not very elaborated and the team is only one or 3 persons, and not more than 12.
You also can analyze the activity of the project team in the bounty and ICO preparing process - if you start to suspect that the ICO success is more important for you than for the team it may be a sign that project is a scam.
And of course, you may rely on your luck
And of course, you may rely on your luck
one way to find out a scam project or not is to pay attention to a site offer
Does the offer make sense? Is it not excessive? If the offer makes sense, there could be a chance of success. But if the offer is too good, there's probably something wrong.
Does the offer make sense? Is it not excessive? If the offer makes sense, there could be a chance of success. But if the offer is too good, there's probably something wrong.
I've seen the post on this thread, it seems difficult to know a project is a scam or not. Even for the legendary. I always follow all the projects I think I can do while praying that the project that I follow is not a scam.
You just need to join more bounties disregard if it is scam or not the important is you should learn from your own experience. Then next time you will join bounty you will knew it if the project is scam or not. Experience is best teacher and learn from your mistake.
If project already has product and some operational income - u can trust it much more. If project's representatives has access to big TV channels or newspapers with reputation - it's aslo a good sign. And of course in the beginning always try to estimate a quality of their website. In some cases u won't even need to use first two advices
We can't predict directly about which ICOs will going to be scam or delayed or permanently stopped. Luckily as a bounty hunter I haven't become the part of scam ICOs but I have seen two ICOs were stopped in middle of bounty campaign promotions because of SEC regulations familypoints and socialCxN. Which really wasted my and others hunters time involved in the campaigning. A lot of ICOs collect their fund and apply for SEC regulations compliance in the last movement which really bad practice. What if SEC will not approve their ICOs everyones time will be wasted also there will be chances of loosing of invested funds.
I have always followed the requirements of the bounty, but I have often been cheated. I think since I can't avoid it, I can do it without giving it to me. Maybe it's not, it's not, it's not.
Can you tell me more clearly how you got cheated when you followed the bounty? It's different between being cheated and scammed.Like all people said before, it is hard to know the project scam or not. Because there is no specific sign. Usually the project which looks good maybe it can be a scam or maybe not. So, we should be selectif read more references whether it is a WP or information about the project, dev or others. I hope you get a lots of luck.
It's all about luck. No matter how good their WP and projects, if their team are planing to scam, they will do that. Do you heard about savedroid before?
I have always followed the requirements of the bounty, but I have often been cheated. I think since I can't avoid it, I can do it without giving it to me. Maybe it's not, it's not, it's not.
Like all people said before, it is hard to know the project scam or not. Because there is no specific sign. Usually the project which looks good maybe it can be a scam or maybe not. So, we should be selectif read more references whether it is a WP or information about the project, dev or others. I hope you get a lots of luck.
do you ever follow the work bounty signature program, social media campaign but ended a scam? then how can we know the project ended a scam or a professional? Give me more tips
thank you
thank you
As far as i know, i don't have experienced yet to participate in a campaign that ends to a scam. But to answer your question, it's really hard for anyone to know if the campaign is legit or just a scam, but if you make a lot of research about the project that you want to invest in, like reviewing of their whitepaper and identifying those members behind the team if they are credible and not fabricated only, this will reduce the risk that you can take from investing in this project.
Try to talk to the manager and any people in running the project because you might have a hint if its genuine or scam. and the others are read all webs, whitepapers, social medias and other forms of relevant to the project.
if the ico project admin team don't use real profiles in twitter and LinkedIn then the project may be a scam its better to avoid such icos and more over the admin team should be active in all social media platforms
because team members are very important and can affect the performance of the ICO project. if they provide complete information about their personal data then it is likely that the scam project will be smaller.
There're some important questions to ask about an ICO project before you decide to invest or not:
1. Who is on the team, what are their backgrounds & credentials, and do they have any public track records?
2. What purpose does the blockchain have in your project? Is project service already offered by a centralized entity?
3. What milestones do you have in place? How will you let investors know when said milestones are achieved?
4. Does project ICO fall within SEC jurisdiction? Are you SEC compliant?
5. What is project Fiscal Policy? Instamines, premines, buying, spending, icing, discounting, and/or burning any tokens?
1. Who is on the team, what are their backgrounds & credentials, and do they have any public track records?
2. What purpose does the blockchain have in your project? Is project service already offered by a centralized entity?
3. What milestones do you have in place? How will you let investors know when said milestones are achieved?
4. Does project ICO fall within SEC jurisdiction? Are you SEC compliant?
5. What is project Fiscal Policy? Instamines, premines, buying, spending, icing, discounting, and/or burning any tokens?
if the ico project admin team don't use real profiles in twitter and LinkedIn then the project may be a scam its better to avoid such icos and more over the admin team should be active in all social media platforms
I think there is no single parameter that can distinguish the scam project. try to visit the website and then read whitepaper, if they give the lure of prizes that many we should be vigilant
Tips are just a ray hope and a method of precaution nothing else, you can compare tips from getting scam by an ICO to storing your money in an exchange. Things might work fine for a long period of time but can change any time. Projects look good and very tempting to invest, best part is every project will predict to be next bitcoin but who survives many few. In this matter I think you are gambling your money, you might be careful and increases your chances for winning but you are still gambling.
do you ever follow the work bounty signature program, social media campaign but ended a scam? then how can we know the project ended a scam or a professional? Give me more tips
thank you
If you are specifically interested in earning through bounties but fear that the project may turns out to be scam, then i would say that a legit project too can fail to raise a decent amount in a their ICO leaving nothing to bounty hunters. So, along with analyzing the legit project, one needs to look for the potential project before investing in an ICO or doing a bounty. I usually look for ICO ratings on various websites, telegram discussions, team background, project potential, social media presence and how reliable is the roadmap. thank you
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